K 
3.16
-1.86%
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¥549.5m
FY2016FY2025
Net income
−CN¥557.9m
FY2016FY2025
Free cash flow
−CN¥39.7m
FY2016FY2025
Shareholders' equity
CN¥2.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥549.5m | CN¥454.0m | CN¥430.9m | CN¥621.3m | CN¥932.8m | CN¥589.8m | CN¥803.7m | CN¥744.7m | CN¥703.9m | CN¥519.9m |
| Research and development | CN¥100.0m | CN¥90.7m | CN¥187.9m | CN¥100.5m | CN¥82.9m | CN¥74.2m | CN¥85.7m | CN¥58.3m | CN¥39.5m | CN¥25.0m |
| Operating income | — | −CN¥528.2m | −CN¥893.9m | −CN¥717.4m | CN¥96.4m | CN¥122.3m | CN¥222.9m | CN¥295.7m | CN¥222.0m | CN¥116.3m |
| Net income | −CN¥557.9m | −CN¥527.7m | −CN¥794.7m | −CN¥655.7m | CN¥67.8m | CN¥123.3m | CN¥209.7m | CN¥278.2m | CN¥254.6m | CN¥152.1m |
| Diluted earnings per share | -0.58 | -0.56 | -0.84 | -0.69 | 0.08 | 0.16 | 0.27 | 0.33 | 0.30 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.85bn | CN¥3.42bn | CN¥4.12bn | CN¥5.04bn | CN¥5.82bn | CN¥5.01bn | CN¥4.98bn | CN¥4.79bn | CN¥4.54bn | CN¥4.21bn |
| Cash and short-term investments | — | CN¥175.2m | CN¥314.7m | CN¥432.3m | CN¥598.6m | CN¥125.5m | CN¥217.9m | CN¥83.3m | CN¥265.5m | CN¥219.0m |
| Total liabilities | CN¥384.7m | CN¥395.1m | CN¥507.3m | CN¥547.9m | CN¥573.9m | CN¥836.4m | CN¥889.7m | CN¥872.4m | CN¥891.1m | CN¥748.6m |
| Debt | — | CN¥97.3m | CN¥148.1m | CN¥187.2m | CN¥281.0m | CN¥487.8m | CN¥630.4m | CN¥605.0m | CN¥518.2m | CN¥211.6m |
| Shareholders' equity | CN¥2.47bn | CN¥2.99bn | CN¥3.56bn | CN¥4.35bn | CN¥5.03bn | CN¥4.17bn | CN¥4.09bn | CN¥3.92bn | CN¥3.65bn | CN¥3.42bn |
| Shares outstanding | 957m | 948m | 949m | 947m | 887m | 752m | 789m | 847m | 844m | 801m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥11.0m | −CN¥7.5m | −CN¥25.5m | CN¥107.7m | CN¥300.9m | CN¥348.5m | CN¥387.3m | CN¥137.3m | CN¥199.4m | CN¥350.9m |
| Capital spending | −CN¥50.7m | −CN¥54.9m | −CN¥146.7m | −CN¥219.6m | −CN¥392.0m | −CN¥249.8m | −CN¥259.5m | −CN¥129.1m | −CN¥288.8m | −CN¥188.1m |
| Free cash flow | −CN¥39.7m | −CN¥62.4m | −CN¥172.3m | −CN¥111.9m | −CN¥91.1m | CN¥98.7m | CN¥127.8m | CN¥8.1m | −CN¥89.4m | CN¥162.8m |
| Dividends paid | −CN¥3.1m | −CN¥5.4m | −CN¥6.2m | −CN¥7.8m | −CN¥17.2m | −CN¥35.0m | −CN¥48.8m | −CN¥117.3m | −CN¥38.9m | −CN¥32.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥119.5m | CN¥193.5m | CN¥129.2m | CN¥147.0m | CN¥94.4m | CN¥179.0m | CN¥127.3m | CN¥87.8m |
| Operating income | CN¥9.4m | CN¥22.5m | −CN¥125.9m | −CN¥52.1m | −CN¥65.7m | CN¥8.1m | −CN¥419.8m | −CN¥52.9m |
| Net income | −CN¥6.9m | CN¥11.9m | −CN¥450.2m | −CN¥48.9m | −CN¥62.4m | CN¥3.7m | −CN¥432.0m | −CN¥49.0m |
| Diluted earnings per share | -0.01 | 0.01 | -0.47 | -0.05 | -0.07 | 0.00 | -0.46 | -0.05 |
| Cash from operations | — | — | — | −CN¥17.0m | −CN¥29.0m | CN¥32.0m | — | −CN¥26.0m |
| Capital spending | −CN¥10.0m | −CN¥2.0m | −CN¥11.0m | −CN¥5.0m | −CN¥17.0m | −CN¥16.0m | −CN¥3.0m | −CN¥25.0m |
| Free cash flow | — | — | — | −CN¥22.0m | −CN¥46.0m | CN¥16.0m | — | −CN¥51.0m |
| Total assets | CN¥2.89bn | CN¥2.90bn | CN¥2.85bn | CN¥3.29bn | CN¥3.41bn | CN¥3.46bn | CN¥3.42bn | CN¥3.95bn |
| Cash and short-term investments | — | — | — | CN¥97.6m | CN¥178.8m | CN¥177.5m | CN¥175.2m | CN¥184.6m |
| Debt | — | — | — | CN¥57.4m | CN¥101.5m | CN¥81.5m | CN¥91.5m | CN¥114.5m |
| Shareholders' equity | CN¥2.47bn | CN¥2.48bn | CN¥2.47bn | CN¥2.89bn | CN¥2.94bn | CN¥2.99bn | CN¥2.99bn | CN¥3.42bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -106.3% | -116.3% | -207.5% | -115.5% | 10.3% | 25.9% | — |
| Net margin | -101.5% | -116.2% | -184.4% | -105.5% | 7.3% | 20.9% | — |
| Return on equity | -22.6% | -17.7% | -22.3% | -15.1% | 1.3% | 3.0% | — |
| Return on assets | -19.6% | -15.4% | -19.3% | -13.0% | 1.2% | 2.5% | — |
| Free cash flow yield | — | -0.2% | — | 3.4% | — | — | — |
| Revenue growth | 21.0% | 5.4% | -30.6% | -33.4% | 58.2% | -26.6% | — |
| Earnings growth | 5.7% | -33.6% | 21.2% | -1067.7% | -45.1% | -41.2% | — |
| Current ratio | 1.71x | 1.89x | 1.73x | 2.46x | 2.96x | 1.02x | — |
| Debt to equity | — | 0.03x | 0.04x | 0.04x | 0.05x | 0.12x | 0.08x |
| Equity ratio | 86.5% | 87.2% | 86.4% | 86.4% | 86.4% | 83.3% | — |
| Interest coverage | -164.46x | -89.46x | -131.26x | -67.61x | 7.08x | 4.80x | — |
| R&D as a share of sales | 18.2% | 20.0% | 43.6% | 16.2% | 8.9% | 12.6% | — |
| Buybacks as a share of market value | -1.0% | 0.1% | -0.1% | -6.8% | -18.0% | 4.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | -1.4% | -1.4% |
| Net income | -5.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -108.2% | -123.4% | -65.5% | -19.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.1 | -3.8 | -5.3 | -6.9 | 126.2 | 48.7 | 20.8 | 17.9 | 23.9 | 46.8 |
| Price to sales | 6.2 | 4.5 | 9.8 | 7.2 | 9.2 | 10.2 | 5.4 | 6.7 | 8.6 | 13.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.043 | 0.06 | 0.10 | 0.031 | 0.031 | 0.011 | 0.019 |
- 8-for-5 split · 2 Jun 2017
- 2-for-1 split · 1 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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