C 
4.81
+0.21%
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¥655.1m
FY2016FY2025
Net income
−CN¥191.2m
FY2016FY2025
Free cash flow
−CN¥183.3m
FY2016FY2025
Shareholders' equity
CN¥1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥655.1m | CN¥823.4m | CN¥758.2m | CN¥1.71bn | CN¥1.48bn | CN¥1.45bn | CN¥3.58bn | CN¥1.72bn | CN¥774.8m | CN¥696.1m |
| Research and development | — | — | — | CN¥869,074 | CN¥3.2m | CN¥2.3m | — | — | CN¥3.5m | CN¥3.0m |
| Operating income | −CN¥172.8m | −CN¥98.2m | CN¥1.9m | −CN¥290.6m | −CN¥472.6m | −CN¥36.8m | CN¥190.4m | CN¥88.3m | CN¥77.1m | CN¥18.2m |
| Net income | −CN¥191.2m | −CN¥151.7m | −CN¥10.6m | −CN¥348.9m | −CN¥442.7m | −CN¥19.9m | CN¥45.0m | CN¥128.9m | CN¥58.6m | CN¥7.5m |
| Diluted earnings per share | -0.35 | -0.28 | -0.02 | -0.64 | -0.81 | -0.04 | 0.08 | 0.24 | 0.11 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.62bn | CN¥1.79bn | CN¥1.96bn | CN¥2.75bn | CN¥3.20bn | CN¥3.37bn | CN¥3.75bn | CN¥3.32bn | CN¥2.32bn | CN¥2.44bn |
| Cash and short-term investments | — | CN¥229.9m | CN¥178.0m | CN¥91.1m | CN¥61.7m | CN¥93.2m | CN¥196.0m | CN¥100.7m | CN¥943.9m | CN¥65.7m |
| Total liabilities | CN¥585.9m | CN¥557.0m | CN¥585.0m | CN¥1.35bn | CN¥1.45bn | CN¥1.11bn | CN¥1.45bn | CN¥1.13bn | CN¥311.8m | CN¥468.9m |
| Debt | — | CN¥30.7m | CN¥86.8m | CN¥780.5m | CN¥549.1m | CN¥485.5m | CN¥233.6m | CN¥76.0m | — | CN¥180.0m |
| Shareholders' equity | CN¥1.03bn | CN¥1.23bn | CN¥1.38bn | CN¥1.39bn | CN¥1.74bn | CN¥2.18bn | CN¥2.19bn | CN¥2.15bn | CN¥2.01bn | CN¥1.98bn |
| Shares outstanding | 545m | 545m | 548m | 543m | 549m | 544m | 544m | 545m | 543m | 548m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥165.4m | −CN¥29.4m | −CN¥164.8m | −CN¥177.6m | CN¥107.2m | −CN¥147.7m | CN¥148.9m | CN¥67.4m | CN¥7.0m | CN¥53.0m |
| Capital spending | −CN¥17.9m | −CN¥12.4m | −CN¥13.9m | −CN¥84.8m | −CN¥167.4m | −CN¥63.4m | −CN¥157.6m | −CN¥290.2m | −CN¥28.6m | −CN¥22.2m |
| Free cash flow | −CN¥183.3m | −CN¥41.8m | −CN¥178.6m | −CN¥262.5m | −CN¥60.2m | −CN¥211.0m | −CN¥8.7m | −CN¥222.7m | −CN¥21.6m | CN¥30.8m |
| Dividends paid | — | — | −CN¥29.0m | −CN¥3.4m | −CN¥86.9m | −CN¥60.7m | −CN¥12.5m | −CN¥641,317 | −CN¥7.4m | −CN¥24.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥143.6m | CN¥79.2m | CN¥95.8m | CN¥173.4m | CN¥168.5m | CN¥217.4m | CN¥205.8m | CN¥199.1m |
| Operating income | −CN¥8.2m | −CN¥806,756 | −CN¥10.6m | −CN¥20.8m | −CN¥7.4m | −CN¥3.9m | −CN¥66.5m | −CN¥12.2m |
| Net income | −CN¥10.2m | −CN¥15.7m | −CN¥145.5m | −CN¥24.0m | −CN¥13.1m | −CN¥8.6m | −CN¥115.2m | −CN¥16.6m |
| Diluted earnings per share | -0.02 | -0.03 | -0.27 | -0.04 | -0.02 | -0.02 | -0.21 | -0.03 |
| Cash from operations | — | — | — | −CN¥53.0m | −CN¥40.0m | −CN¥21.0m | — | — |
| Capital spending | −CN¥2.0m | −CN¥9.0m | −CN¥10.0m | −CN¥6.0m | — | — | −CN¥4.0m | — |
| Free cash flow | — | — | — | −CN¥59.0m | — | — | — | — |
| Total assets | CN¥1.54bn | CN¥1.54bn | CN¥1.62bn | CN¥1.80bn | CN¥1.79bn | CN¥1.78bn | CN¥1.79bn | CN¥1.84bn |
| Cash and short-term investments | — | — | — | CN¥212.6m | CN¥215.0m | CN¥214.4m | CN¥229.9m | CN¥217.3m |
| Debt | — | — | — | CN¥78.8m | CN¥31.0m | CN¥10.0m | CN¥28.0m | CN¥47.0m |
| Shareholders' equity | CN¥1.00bn | CN¥1.01bn | CN¥1.03bn | CN¥1.18bn | CN¥1.20bn | CN¥1.22bn | CN¥1.23bn | CN¥1.34bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -26.3% | -16.0% | 3.1% | -17.0% | -29.0% | 2.2% | — | — | — | — |
| Net margin | -29.2% | -18.4% | -1.4% | -20.4% | -30.0% | -1.4% | — | — | — | — |
| Return on equity | -18.6% | -12.3% | -0.8% | -25.2% | -25.5% | -0.9% | — | — | — | — |
| Return on assets | -11.8% | -8.5% | -0.5% | -12.7% | -13.8% | -0.6% | — | — | — | — |
| Free cash flow yield | -5.0% | -0.6% | -5.1% | -3.2% | 9.3% | -2.9% | — | — | — | — |
| Revenue growth | -20.4% | 8.6% | -55.6% | 15.6% | 2.0% | -59.6% | — | — | — | — |
| Earnings growth | 26.1% | 1326.8% | -97.0% | -21.2% | 2123.7% | -144.3% | — | — | — | — |
| Current ratio | 0.63x | 0.70x | 0.83x | 0.86x | 0.98x | 1.53x | — | — | — | — |
| Debt to equity | — | 0.02x | 0.06x | 0.56x | 0.06x | 0.22x | 0.20x | — | — | — |
| Equity ratio | 63.8% | 68.9% | 70.2% | 50.4% | 54.3% | 64.6% | — | — | — | — |
| Interest coverage | -8.98x | -6.68x | 0.69x | -5.34x | -10.39x | 0.46x | — | — | — | — |
| R&D as a share of sales | — | — | — | 0.1% | 0.2% | 0.2% | — | 0.4% | 0.4% | 3.2% |
| Buybacks as a share of market value | -0.0% | 0.5% | -0.8% | 1.1% | -0.9% | -0.1% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.3% | -14.7% | -4.3% |
| Operating income | -15.9% | 36.2% | 8.8% |
| Net income | -18.2% | 57.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.3% | -14.2% | -15.6% | -5.3% |
| Net margin | -23.2% | -17.8% | -17.0% | -6.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.0 | -11.6 | -220.5 | -4.8 | -5.8 | -139.4 | 83.3 | 32.1 | 84.3 | — |
| Price to sales | 3.5 | 2.1 | 3.1 | 1.0 | 1.7 | 1.9 | 1.1 | 2.4 | 6.4 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jun 2019.
| FY2019 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.023 | 0.024 | 0.118 | 0.184 | 0.184 |
- 17-for-10 split · 12 Jun 2018
- 8-for-5 split · 16 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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