J 
1.81
-0.55%
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¥328.7m
FY2016FY2025
Net income
−CN¥214.4m
FY2016FY2025
Free cash flow
−CN¥24.9m
FY2016FY2025
Shareholders' equity
CN¥1.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥328.7m | CN¥280.0m | CN¥231.1m | CN¥267.5m | CN¥1.10bn | CN¥1.69bn | CN¥1.23bn | CN¥2.52bn | CN¥3.95bn | CN¥3.12bn |
| Research and development | CN¥1.1m | CN¥1.5m | CN¥2.1m | CN¥2.1m | CN¥28.9m | CN¥35.2m | CN¥42.1m | CN¥74.6m | CN¥100.4m | CN¥73.2m |
| Operating income | −CN¥92.7m | −CN¥262.3m | −CN¥437.1m | −CN¥332.7m | CN¥287.1m | −CN¥358.5m | −CN¥489.1m | −CN¥516.8m | CN¥544.7m | CN¥203.7m |
| Net income | −CN¥214.4m | −CN¥155.1m | −CN¥467.3m | −CN¥454.9m | CN¥307.7m | −CN¥285.0m | −CN¥503.9m | −CN¥546.8m | CN¥408.1m | CN¥174.4m |
| Diluted earnings per share | -0.13 | -0.08 | -0.31 | -0.29 | 0.19 | -0.18 | -0.29 | -0.36 | 0.25 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.02bn | CN¥2.27bn | CN¥2.75bn | CN¥3.27bn | CN¥3.76bn | CN¥4.97bn | CN¥5.41bn | CN¥5.96bn | CN¥8.12bn | CN¥7.46bn |
| Cash and short-term investments | — | CN¥28.5m | CN¥73.0m | CN¥58.0m | CN¥157.7m | CN¥420.4m | CN¥292.1m | CN¥509.8m | CN¥869.2m | CN¥928.9m |
| Total liabilities | CN¥937.7m | CN¥1.00bn | CN¥1.33bn | CN¥1.42bn | CN¥1.54bn | CN¥2.58bn | CN¥2.48bn | CN¥2.55bn | CN¥3.92bn | CN¥3.68bn |
| Debt | CN¥44.6m | CN¥305.5m | CN¥338.3m | CN¥265.4m | CN¥339.8m | CN¥727.9m | CN¥1.34bn | CN¥1.27bn | CN¥2.10bn | CN¥1.94bn |
| Shareholders' equity | CN¥1.11bn | CN¥1.33bn | CN¥1.49bn | CN¥1.96bn | CN¥2.41bn | CN¥2.46bn | CN¥2.77bn | CN¥3.16bn | CN¥3.78bn | CN¥3.37bn |
| Shares outstanding | 1,593m | 1,856m | 1,504m | 1,548m | 1,632m | 1,550m | 1,733m | 1,505m | 1,603m | 1,287m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥20.1m | −CN¥41.5m | −CN¥21.3m | −CN¥36.8m | CN¥74.3m | CN¥250.0m | CN¥119.0m | CN¥1.13bn | CN¥538.9m | −CN¥435.0m |
| Capital spending | −CN¥4.8m | −CN¥18.6m | −CN¥37.2m | −CN¥62.5m | −CN¥143.8m | −CN¥188.2m | −CN¥229.3m | −CN¥316.0m | −CN¥454.7m | −CN¥511.1m |
| Free cash flow | −CN¥24.9m | −CN¥60.0m | −CN¥58.5m | −CN¥99.3m | −CN¥69.5m | CN¥61.8m | −CN¥110.3m | CN¥817.4m | CN¥84.2m | −CN¥946.2m |
| Dividends paid | −CN¥16.7m | −CN¥17.6m | −CN¥18.0m | −CN¥18.8m | −CN¥31.3m | −CN¥87.1m | −CN¥46.8m | −CN¥113.0m | −CN¥141.8m | −CN¥91.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥150.5m | CN¥107.6m | CN¥126.3m | CN¥62.1m | CN¥83.0m | CN¥74.0m | CN¥126.5m | CN¥43.4m |
| Operating income | −CN¥14.4m | −CN¥15.2m | −CN¥31.9m | −CN¥14.9m | CN¥4.5m | CN¥18.8m | −CN¥262.1m | −CN¥34.8m |
| Net income | CN¥18.1m | CN¥578,096 | −CN¥211.2m | −CN¥14.7m | −CN¥4.2m | CN¥15.7m | −CN¥156.4m | −CN¥33.5m |
| Diluted earnings per share | 0.01 | 0.00 | -0.13 | -0.01 | -0.00 | 0.01 | -0.08 | -0.02 |
| Cash from operations | — | — | — | CN¥3.0m | −CN¥32.0m | CN¥14.0m | — | CN¥14.0m |
| Capital spending | — | −CN¥2.0m | — | −CN¥1.0m | −CN¥1.0m | — | −CN¥1.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥2.0m | −CN¥33.0m | — | — | CN¥8.0m |
| Total assets | CN¥2.18bn | CN¥2.01bn | CN¥2.02bn | CN¥2.27bn | CN¥2.30bn | CN¥2.36bn | CN¥2.27bn | CN¥2.58bn |
| Cash and short-term investments | — | — | — | CN¥40.3m | CN¥43.3m | CN¥38.3m | CN¥28.5m | CN¥47.1m |
| Debt | CN¥43.1m | CN¥44.6m | CN¥44.6m | CN¥263.2m | CN¥307.3m | CN¥300.5m | CN¥303.7m | CN¥314.1m |
| Shareholders' equity | CN¥1.30bn | CN¥1.11bn | CN¥1.11bn | CN¥1.32bn | CN¥1.34bn | CN¥1.34bn | CN¥1.33bn | CN¥1.50bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -63.2% | -42.9% | -189.1% | -124.7% | 25.1% | -21.2% |
| Net margin | -65.2% | -55.4% | -202.2% | -170.1% | 28.1% | -16.9% |
| Return on equity | -19.3% | -11.7% | -31.4% | -23.2% | 12.8% | -11.6% |
| Return on assets | -10.6% | -6.8% | -17.0% | -13.9% | 8.2% | -5.7% |
| Free cash flow yield | -0.5% | -0.6% | 0.5% | 0.9% | 6.9% | 14.6% |
| Revenue growth | 17.4% | 21.2% | -13.6% | -75.6% | -35.1% | 37.7% |
| Earnings growth | 38.3% | -66.8% | 2.7% | -247.8% | -208.0% | -43.4% |
| Current ratio | 0.35x | 0.38x | 0.38x | 0.51x | 0.64x | 0.72x |
| Debt to equity | 0.04x | 0.23x | 0.22x | 0.13x | 0.14x | 0.30x |
| Equity ratio | 55.2% | 58.4% | 54.1% | 59.9% | 64.1% | 49.5% |
| Interest coverage | -10.40x | -6.18x | -22.04x | -15.82x | 13.58x | -13.29x |
| R&D as a share of sales | 0.3% | 0.5% | 0.9% | 0.8% | 2.6% | 2.1% |
| Buybacks as a share of market value | 14.2% | -23.4% | 2.8% | 5.1% | -5.3% | 10.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | -27.9% | -20.7% |
| Operating income | -34.7% | -23.7% | — |
| Net income | -22.2% | -5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -58.3% | -101.6% | -30.7% | -7.0% |
| Net margin | -60.7% | -116.7% | -32.6% | -8.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.7 | -22.3 | -6.2 | -7.9 | 14.8 | -13.4 | -9.8 | -5.3 | 20.7 | 36.5 |
| Price to sales | 8.9 | 12.3 | 12.6 | 13.4 | 4.2 | 2.3 | 4.0 | 1.1 | 2.1 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jul 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.05 | 0.026 | 0.033 | 0.027 | 0.041 | 0.014 | 0.051 |
- 19-for-5 split · 31 May 2016
- 13-for-10 split · 30 Apr 2014
- 3-for-2 split · 16 May 2013
- 8-for-5 split · 19 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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