R 
5.36
+0.94%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥905.6m
FY2016FY2025
Net income
−CN¥81.1m
FY2016FY2025
Free cash flow
−CN¥277.1m
FY2016FY2025
Shareholders' equity
CN¥4.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥905.6m | CN¥1.01bn | CN¥744.8m | CN¥507.5m | CN¥408.3m | CN¥440.1m | CN¥509.8m | CN¥1.38bn | CN¥2.47bn | CN¥1.21bn |
| Research and development | CN¥39.0m | CN¥39.8m | CN¥23.0m | CN¥29.1m | CN¥24.3m | CN¥69.6m | CN¥105.6m | CN¥100.6m | CN¥103.3m | CN¥47.5m |
| Operating income | −CN¥76.2m | −CN¥19.2m | −CN¥905,959 | CN¥554.4m | −CN¥795.2m | −CN¥1.31bn | −CN¥458.7m | CN¥400.5m | CN¥1.37bn | CN¥540.2m |
| Net income | −CN¥81.1m | −CN¥12.2m | CN¥204.0m | CN¥403.0m | −CN¥837.8m | −CN¥1.50bn | −CN¥642.5m | CN¥335.6m | CN¥1.01bn | CN¥392.3m |
| Diluted earnings per share | -0.04 | -0.01 | 0.10 | 0.28 | -0.95 | -1.81 | -0.71 | 0.40 | 1.19 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.82bn | CN¥8.10bn | CN¥8.35bn | CN¥8.75bn | CN¥5.01bn | CN¥5.77bn | CN¥6.63bn | CN¥7.13bn | CN¥7.15bn | CN¥5.15bn |
| Cash and short-term investments | — | CN¥858.4m | CN¥2.06bn | CN¥2.63bn | CN¥87.8m | CN¥72.7m | CN¥71.6m | CN¥185.2m | CN¥419.3m | CN¥522.3m |
| Total liabilities | CN¥2.77bn | CN¥2.96bn | CN¥3.17bn | CN¥3.58bn | CN¥4.90bn | CN¥4.80bn | CN¥4.14bn | CN¥3.92bn | CN¥4.17bn | CN¥3.17bn |
| Debt | CN¥1.32bn | CN¥1.42bn | CN¥1.50bn | CN¥1.10bn | CN¥1.37bn | CN¥1.57bn | CN¥1.63bn | CN¥1.74bn | CN¥2.35bn | CN¥1.36bn |
| Shareholders' equity | CN¥4.56bn | CN¥4.64bn | CN¥4.65bn | CN¥4.56bn | −CN¥17.3m | CN¥819.8m | CN¥2.31bn | CN¥2.99bn | CN¥2.76bn | CN¥1.78bn |
| Shares outstanding | 2,097m | 2,078m | 2,133m | 1,446m | 878m | 828m | 904m | 841m | 849m | 899m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥15.0m | −CN¥356.3m | −CN¥750.5m | CN¥24.9m | CN¥68.3m | CN¥63.6m | CN¥272.0m | CN¥329.7m | −CN¥100.8m | CN¥103.8m |
| Capital spending | −CN¥262.1m | −CN¥325.9m | −CN¥530.0m | −CN¥47.1m | −CN¥58.1m | −CN¥48.4m | −CN¥101.5m | −CN¥172.3m | −CN¥499.4m | −CN¥336.6m |
| Free cash flow | −CN¥277.1m | −CN¥682.2m | −CN¥1.28bn | −CN¥22.2m | CN¥10.2m | CN¥15.3m | CN¥170.5m | CN¥157.4m | −CN¥600.2m | −CN¥232.8m |
| Dividends paid | −CN¥24.7m | −CN¥25.9m | −CN¥19.0m | −CN¥2.8m | −CN¥9.5m | −CN¥31.8m | −CN¥118.3m | −CN¥235.5m | −CN¥141.0m | −CN¥119.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥148.1m | CN¥213.8m | CN¥283.1m | CN¥284.7m | CN¥183.1m | CN¥154.7m | CN¥416.5m | CN¥169.8m |
| Operating income | −CN¥31.3m | CN¥10.9m | −CN¥52.3m | −CN¥41.1m | −CN¥41.3m | CN¥6.0m | −CN¥20.9m | −CN¥5.1m |
| Net income | −CN¥32.7m | CN¥10.1m | −CN¥7.8m | −CN¥42.6m | −CN¥33.8m | CN¥3.1m | CN¥823,526 | −CN¥14.9m |
| Diluted earnings per share | -0.02 | 0.00 | -0.00 | -0.02 | -0.02 | 0.00 | 0.00 | -0.01 |
| Cash from operations | — | — | — | −CN¥80.0m | −CN¥91.0m | −CN¥77.0m | −CN¥38.0m | −CN¥195.0m |
| Capital spending | −CN¥76.0m | −CN¥45.0m | −CN¥103.0m | −CN¥16.0m | −CN¥55.0m | −CN¥87.0m | −CN¥49.0m | −CN¥88.0m |
| Free cash flow | — | — | — | −CN¥96.0m | −CN¥146.0m | −CN¥164.0m | −CN¥87.0m | −CN¥283.0m |
| Total assets | CN¥7.78bn | CN¥8.02bn | CN¥7.82bn | CN¥7.93bn | CN¥8.10bn | CN¥8.07bn | CN¥8.10bn | CN¥8.17bn |
| Cash and short-term investments | — | — | — | CN¥439.7m | CN¥558.4m | CN¥661.5m | CN¥858.4m | CN¥1.24bn |
| Debt | CN¥1.27bn | CN¥1.32bn | CN¥1.32bn | CN¥423.8m | CN¥1.41bn | CN¥1.45bn | CN¥1.42bn | CN¥1.46bn |
| Shareholders' equity | CN¥4.62bn | CN¥4.64bn | CN¥4.56bn | CN¥4.57bn | CN¥4.61bn | CN¥4.64bn | CN¥4.64bn | CN¥4.64bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.4% | -1.9% | -0.1% | 109.2% | -194.8% | -298.5% |
| Net margin | -9.0% | -1.2% | 27.4% | 79.4% | -205.2% | -340.0% |
| Return on equity | -1.8% | -0.3% | 4.4% | 8.8% | 4853.1% | -182.5% |
| Return on assets | -1.0% | -0.2% | 2.4% | 4.6% | -16.7% | -25.9% |
| Free cash flow yield | 2.1% | -0.3% | -1.9% | 0.9% | 2.6% | 2.5% |
| Revenue growth | -10.0% | 35.1% | 46.8% | 24.3% | -7.2% | -13.7% |
| Earnings growth | 562.7% | -106.0% | -49.4% | -148.1% | -44.0% | 132.9% |
| Current ratio | 2.94x | 3.12x | 3.79x | 3.47x | 0.52x | 0.68x |
| Debt to equity | 0.29x | 0.31x | 0.32x | 0.23x | -77.65x | 1.87x |
| Equity ratio | 58.3% | 57.2% | 55.7% | 52.1% | -0.3% | 14.2% |
| Interest coverage | -2.46x | -0.72x | -0.07x | 7.21x | -11.60x | -6.34x |
| R&D as a share of sales | 4.3% | 4.0% | 3.1% | 5.7% | 5.9% | 15.8% |
| Buybacks as a share of market value | -0.9% | 2.6% | -47.5% | -64.7% | -6.1% | 8.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.3% | 15.5% | 8.7% |
| Operating income | — | -43.4% | — |
| Net income | — | -44.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.0% | 14.5% | -41.1% | 2.2% |
| Net margin | -4.9% | 16.2% | -45.4% | -7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -194.2 | -779.1 | 56.3 | 18.4 | -5.1 | -1.9 | -9.8 | 23.5 | 22.1 | 30.7 |
| Price to sales | 17.4 | 9.5 | 15.4 | 14.7 | 10.4 | 6.3 | 12.3 | 5.7 | 9.1 | 10.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Aug 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.039 | 0.117 | 0.046 | 0.025 | 0.125 | 0.075 | 0.15 | 0.225 |
- 1-to-1 reverse split · 22 Dec 2022
- 2-for-1 split · 5 Jul 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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