H 
2.37
-0.42%
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¥2.21bn
FY2016FY2025
Net income
CN¥19.8m
FY2016FY2025
Free cash flow
−CN¥39.5m
FY2016FY2025
Shareholders' equity
CN¥390.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.21bn | CN¥732.1m | CN¥824.4m | CN¥2.20bn | CN¥3.80bn | CN¥4.40bn | CN¥4.96bn | CN¥4.57bn | CN¥2.57bn | CN¥657.8m |
| Research and development | CN¥47.6m | CN¥39.0m | CN¥55.9m | CN¥80.6m | CN¥108.1m | CN¥115.9m | CN¥98.6m | CN¥75.9m | CN¥23.4m | CN¥9.7m |
| Operating income | CN¥26.9m | −CN¥40.8m | −CN¥132.0m | −CN¥448.4m | −CN¥1.03bn | −CN¥2.95bn | CN¥333.3m | CN¥350.4m | CN¥100.1m | CN¥39.7m |
| Net income | CN¥19.8m | −CN¥58.5m | −CN¥147.1m | −CN¥540.3m | −CN¥1.12bn | −CN¥2.97bn | CN¥306.7m | CN¥312.1m | CN¥42.9m | CN¥5.2m |
| Diluted earnings per share | 0.02 | -0.05 | -0.16 | -0.59 | -1.21 | -3.26 | 0.32 | 0.34 | 0.05 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.52bn | CN¥1.14bn | CN¥1.02bn | CN¥1.77bn | CN¥2.78bn | CN¥3.42bn | CN¥6.65bn | CN¥6.75bn | CN¥6.61bn | CN¥1.51bn |
| Cash and short-term investments | — | CN¥140.5m | CN¥57.4m | CN¥251.2m | CN¥220.4m | CN¥842.5m | CN¥1.13bn | CN¥1.05bn | CN¥1.06bn | CN¥299.0m |
| Total liabilities | CN¥1.12bn | CN¥654.7m | CN¥476.3m | CN¥1.15bn | CN¥1.64bn | CN¥1.15bn | CN¥1.26bn | CN¥1.52bn | CN¥1.69bn | CN¥609.6m |
| Debt | CN¥46.8m | CN¥429.3m | CN¥354.8m | CN¥598.2m | CN¥1.16bn | CN¥526.4m | CN¥267.7m | CN¥454.1m | CN¥491.5m | CN¥415.2m |
| Shareholders' equity | CN¥390.7m | CN¥469.0m | CN¥527.3m | CN¥604.7m | CN¥1.14bn | CN¥2.26bn | CN¥5.37bn | CN¥5.10bn | CN¥4.79bn | CN¥778.0m |
| Shares outstanding | 1,036m | 1,153m | 929m | 914m | 930m | 913m | 969m | 916m | 841m | 778m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥18.4m | CN¥6.1m | −CN¥387,864 | CN¥62.5m | −CN¥29.6m | −CN¥279.9m | CN¥437.7m | CN¥217.2m | CN¥259.4m | CN¥27.1m |
| Capital spending | −CN¥21.2m | −CN¥2.1m | −CN¥2.5m | −CN¥10.7m | −CN¥93.3m | −CN¥94.6m | −CN¥154.9m | −CN¥184.7m | −CN¥130.3m | −CN¥6.0m |
| Free cash flow | −CN¥39.5m | CN¥4.0m | −CN¥2.9m | CN¥51.8m | −CN¥122.9m | −CN¥374.5m | CN¥282.8m | CN¥32.5m | CN¥129.1m | CN¥21.1m |
| Dividends paid | −CN¥13.5m | −CN¥15.8m | −CN¥14.8m | −CN¥20.4m | −CN¥22.6m | −CN¥137.4m | −CN¥27.1m | −CN¥28.4m | −CN¥58.1m | −CN¥28.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥241.1m | CN¥496.5m | CN¥1.60bn | CN¥338.8m | CN¥171.6m | CN¥104.7m | CN¥300.0m | CN¥228.8m |
| Operating income | CN¥21.6m | CN¥8.3m | CN¥39.7m | −CN¥27.4m | CN¥2.3m | CN¥906,043 | −CN¥2.9m | −CN¥34.2m |
| Net income | CN¥12.2m | CN¥6.8m | CN¥46.1m | −CN¥26.5m | −CN¥2.0m | CN¥2.2m | −CN¥12.4m | −CN¥32.7m |
| Diluted earnings per share | 0.01 | 0.01 | 0.04 | -0.03 | -0.00 | 0.00 | -0.01 | -0.03 |
| Cash from operations | — | — | — | −CN¥37.0m | −CN¥2.0m | −CN¥90.0m | — | −CN¥33.0m |
| Capital spending | −CN¥1.0m | — | −CN¥9.0m | — | −CN¥1.0m | −CN¥9.0m | — | — |
| Free cash flow | — | — | — | — | −CN¥3.0m | −CN¥99.0m | — | — |
| Total assets | CN¥1.39bn | CN¥1.46bn | CN¥1.52bn | CN¥1.09bn | CN¥1.04bn | CN¥1.12bn | CN¥1.14bn | CN¥987.6m |
| Cash and short-term investments | — | — | — | CN¥50.3m | CN¥74.4m | CN¥30.5m | CN¥140.5m | CN¥30.2m |
| Debt | CN¥138.2m | CN¥113.5m | CN¥46.8m | CN¥309.9m | CN¥347.9m | CN¥384.8m | CN¥419.4m | CN¥332.2m |
| Shareholders' equity | CN¥399.7m | CN¥397.5m | CN¥390.7m | CN¥442.8m | CN¥469.3m | CN¥471.3m | CN¥469.0m | CN¥481.4m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.8% | -5.6% | -16.0% | -20.4% | -27.1% | -67.1% |
| Net margin | 0.9% | -8.0% | -17.8% | -24.5% | -29.5% | -67.6% |
| Return on equity | 5.1% | -12.5% | -27.9% | -89.4% | -98.3% | -131.5% |
| Return on assets | 1.3% | -5.1% | -14.5% | -30.5% | -40.4% | -87.0% |
| Free cash flow yield | 0.1% | 0.3% | 0.1% | 3.1% | 2.6% | -7.8% |
| Revenue growth | 201.9% | -11.2% | -62.5% | -42.0% | -13.7% | -11.3% |
| Earnings growth | -133.7% | -60.2% | -72.8% | -51.8% | -62.3% | -1069.8% |
| Current ratio | 1.01x | 1.21x | 1.34x | 1.20x | 1.29x | 1.97x |
| Debt to equity | 0.12x | 0.89x | 0.65x | 0.75x | 0.60x | 0.23x |
| Equity ratio | 25.7% | 41.3% | 51.8% | 34.2% | 41.1% | 66.2% |
| Interest coverage | 2.94x | -2.33x | -6.12x | -9.68x | -11.92x | -120.66x |
| R&D as a share of sales | 2.2% | 5.3% | 6.8% | 3.7% | 2.8% | 2.6% |
| Buybacks as a share of market value | 10.2% | -24.1% | -1.6% | 1.7% | -1.8% | 5.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | -12.9% | 4.3% |
| Operating income | — | — | -6.2% |
| Net income | — | — | -4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.5% | -10.0% | -32.3% | -13.0% |
| Net margin | -1.3% | -12.2% | -34.1% | -14.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 150.5 | -65.2 | -16.0 | -4.6 | -2.8 | -1.2 | 13.1 | 12.3 | 198.2 | — |
| Price to sales | 1.3 | 5.2 | 2.9 | 1.1 | 0.8 | 0.8 | 0.8 | 0.8 | 3.3 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2020.
| FY2020 | FY2017 | FY2014 | FY2010 | |
|---|---|---|---|---|
| Paid in the year | 0.15 | 0.045 | 0.15 | 0.075 |
- 2-for-1 split · 3 Jul 2014
- 2-for-1 split · 28 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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