J 
1.09
-1.80%
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¥223.6m
FY2016FY2025
Net income
−CN¥178.5m
FY2016FY2025
Free cash flow
−CN¥159.5m
FY2016FY2025
Shareholders' equity
CN¥173.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥223.6m | CN¥333.6m | CN¥476.9m | CN¥508.1m | CN¥367.0m | CN¥104.2m | CN¥181.8m | CN¥477.9m | CN¥3.03bn | CN¥2.56bn |
| Research and development | CN¥10.1m | CN¥17.8m | CN¥18.3m | CN¥16.5m | CN¥1.4m | CN¥1.3m | CN¥1.9m | CN¥111.5m | CN¥4.3m | CN¥80.2m |
| Operating income | −CN¥87.9m | −CN¥713.1m | −CN¥167.0m | −CN¥397.7m | −CN¥434.3m | CN¥5.23bn | −CN¥8.62bn | −CN¥3.28bn | CN¥881.9m | CN¥854.4m |
| Net income | −CN¥178.5m | −CN¥718.1m | −CN¥181.3m | −CN¥406.2m | −CN¥449.4m | CN¥4.93bn | −CN¥9.39bn | −CN¥4.04bn | CN¥523.2m | CN¥550.3m |
| Diluted earnings per share | -0.02 | -0.27 | -0.06 | -0.09 | -0.11 | 0.47 | -7.84 | -3.38 | 0.44 | 0.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.13bn | CN¥930.8m | CN¥1.67bn | CN¥1.88bn | CN¥2.29bn | CN¥3.50bn | CN¥2.94bn | CN¥12.29bn | CN¥15.23bn | CN¥12.09bn |
| Cash and short-term investments | — | CN¥23.8m | CN¥125.5m | CN¥134.0m | CN¥324.3m | CN¥1.17bn | CN¥73.5m | CN¥158.3m | CN¥192.6m | CN¥868.2m |
| Total liabilities | CN¥946.6m | CN¥564.0m | CN¥598.6m | CN¥622.8m | CN¥633.4m | CN¥1.39bn | CN¥8.36bn | CN¥8.32bn | CN¥7.23bn | CN¥7.52bn |
| Debt | — | CN¥42.9m | CN¥116.8m | CN¥241.7m | CN¥136.3m | CN¥274.0m | CN¥2.61bn | CN¥4.58bn | CN¥5.09bn | CN¥6.39bn |
| Shareholders' equity | CN¥173.2m | CN¥351.0m | CN¥1.07bn | CN¥1.26bn | CN¥1.66bn | CN¥2.11bn | −CN¥5.43bn | CN¥3.97bn | CN¥7.99bn | CN¥4.57bn |
| Shares outstanding | 7,494m | 2,703m | 2,874m | 4,497m | 4,229m | 10,521m | 1,197m | 1,196m | 1,184m | 958m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥156.2m | −CN¥219.3m | −CN¥271.5m | −CN¥240.6m | −CN¥710.0m | CN¥70.7m | CN¥70.3m | −CN¥246.1m | CN¥1.28bn | CN¥705.6m |
| Capital spending | −CN¥3.3m | −CN¥7.8m | −CN¥13.5m | −CN¥15.2m | −CN¥67.6m | −CN¥74,141 | −CN¥3.6m | −CN¥146.1m | −CN¥3.78bn | −CN¥2.94bn |
| Free cash flow | −CN¥159.5m | −CN¥227.1m | −CN¥285.0m | −CN¥255.7m | −CN¥777.7m | CN¥70.6m | CN¥66.7m | −CN¥392.2m | −CN¥2.49bn | −CN¥2.23bn |
| Dividends paid | −CN¥4.6m | −CN¥6.7m | −CN¥5.1m | −CN¥6.8m | −CN¥10.1m | −CN¥2,166 | −CN¥10.6m | −CN¥244.6m | −CN¥423.1m | −CN¥249.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥61.4m | CN¥54.1m | CN¥27.0m | CN¥98.8m | CN¥51.8m | CN¥46.0m | CN¥96.3m | CN¥54.0m |
| Operating income | −CN¥16.4m | −CN¥8.8m | −CN¥33.2m | −CN¥30.8m | −CN¥34.5m | −CN¥17.9m | −CN¥601.8m | −CN¥40.2m |
| Net income | −CN¥20.4m | −CN¥12.9m | −CN¥90.0m | −CN¥30.7m | −CN¥36.7m | −CN¥21.0m | −CN¥601.5m | −CN¥41.6m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.22 | -0.02 |
| Cash from operations | — | — | — | −CN¥28.0m | −CN¥52.0m | −CN¥43.0m | — | −CN¥43.0m |
| Capital spending | — | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | — | — | −CN¥2.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥29.0m | — | — | — | −CN¥47.0m |
| Total assets | CN¥949.6m | CN¥1.01bn | CN¥1.13bn | CN¥998.6m | CN¥940.0m | CN¥923.8m | CN¥930.8m | CN¥1.46bn |
| Cash and short-term investments | — | — | — | CN¥8.6m | CN¥13.9m | CN¥23.7m | CN¥23.8m | CN¥7.3m |
| Debt | — | — | — | CN¥58.5m | CN¥33.7m | CN¥34.8m | CN¥37.8m | CN¥59.3m |
| Shareholders' equity | CN¥139.9m | CN¥160.4m | CN¥173.2m | CN¥263.7m | CN¥294.2m | CN¥327.0m | CN¥351.0m | CN¥952.5m |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -75.6% | -213.8% | -35.0% | -78.3% | -117.8% | 5398.4% | — |
| Net margin | -79.8% | -215.3% | -38.0% | -79.9% | -122.5% | 4731.5% | — |
| Return on equity | -103.0% | -204.6% | -16.9% | -32.4% | -27.0% | 233.3% | — |
| Return on assets | -15.7% | -77.2% | -10.8% | -21.6% | -19.6% | 140.8% | — |
| Free cash flow yield | -1.6% | -6.0% | -6.9% | -3.9% | -11.7% | 0.5% | — |
| Revenue growth | -33.0% | -30.1% | -6.1% | 38.5% | 252.3% | -42.7% | — |
| Earnings growth | -75.1% | 296.2% | -55.4% | -9.6% | -109.1% | -152.5% | — |
| Current ratio | 0.57x | 0.70x | 1.51x | 2.43x | 3.35x | 2.00x | — |
| Debt to equity | — | 0.11x | 0.12x | 0.19x | 0.08x | 0.10x | -0.68x |
| Equity ratio | 15.3% | 37.7% | 64.2% | 66.8% | 72.4% | 60.3% | — |
| Interest coverage | -16.39x | -115.39x | -11.49x | -46.96x | -25.40x | 8.09x | — |
| R&D as a share of sales | 4.5% | 5.3% | 3.8% | 3.3% | 0.4% | 1.3% | — |
| Buybacks as a share of market value | -177.3% | 6.0% | 36.1% | -6.3% | 59.8% | -778.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.9% | 16.5% | -20.8% |
| Operating income | -39.5% | — | — |
| Net income | -24.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -143.8% | -88.6% | 170.6% | -58.4% |
| Net margin | -160.9% | -96.2% | 148.8% | -84.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -104.5 | -6.0 | -22.7 | -20.6 | -18.9 | 5.3 | -0.2 | -0.8 | 23.5 | 21.4 |
| Price to sales | 83.5 | 13.0 | 8.6 | 16.5 | 23.2 | 251.5 | 11.4 | 7.1 | 4.0 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Aug 2017.
| FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.09 | 0.065 | 0.061 | 0.056 | 0.042 |
- 1-to-1 reverse split · 31 Dec 2020
- 2-for-1 split · 9 Apr 2015
- 9-for-5 split · 15 Apr 2013
- 2-for-1 split · 3 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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