J 
2.14
+1.42%
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¥223.3m
FY2016FY2025
Net income
−CN¥214.4m
FY2016FY2025
Free cash flow
CN¥39.8m
FY2016FY2025
Shareholders' equity
−CN¥38.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥223.3m | CN¥335.9m | CN¥580.8m | CN¥684.0m | CN¥634.5m | CN¥495.6m | CN¥827.1m | CN¥807.1m | CN¥548.3m | CN¥547.9m |
| Gross profit | CN¥46.5m | −CN¥87.0m | CN¥110.6m | CN¥177.3m | CN¥135.4m | CN¥59.6m | CN¥272.8m | CN¥266.9m | CN¥173.8m | CN¥170.5m |
| Research and development | CN¥12.3m | CN¥18.8m | CN¥42.1m | CN¥30.0m | CN¥24.1m | CN¥54.5m | CN¥53.6m | CN¥39.4m | CN¥36.6m | CN¥34.0m |
| Operating income | −CN¥33.5m | −CN¥661.5m | −CN¥208.0m | CN¥24.0m | CN¥14.6m | −CN¥402.0m | CN¥61.3m | CN¥134.1m | CN¥24.0m | −CN¥168.8m |
| Net income | −CN¥214.4m | −CN¥767.2m | −CN¥192.8m | CN¥30.4m | CN¥12.3m | −CN¥389.1m | CN¥66.3m | CN¥94.3m | CN¥39.7m | −CN¥178.7m |
| Diluted earnings per share | -0.30 | -1.07 | -0.27 | 0.09 | 0.02 | -0.85 | 0.12 | 0.17 | 0.07 | -0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.50bn | CN¥1.88bn | CN¥2.90bn | CN¥2.34bn | CN¥1.41bn | CN¥1.47bn | CN¥1.78bn | CN¥1.87bn | CN¥1.60bn | CN¥1.35bn |
| Cash and short-term investments | — | CN¥56.0m | CN¥93.1m | CN¥238.4m | CN¥90.1m | CN¥119.5m | CN¥133.1m | CN¥151.1m | CN¥130.2m | CN¥117.6m |
| Total liabilities | CN¥1.54bn | CN¥1.70bn | CN¥1.65bn | CN¥916.4m | CN¥762.2m | CN¥832.3m | CN¥753.8m | CN¥926.6m | CN¥737.5m | CN¥530.2m |
| Debt | CN¥28.8m | CN¥398.6m | CN¥933.7m | CN¥424.3m | CN¥373.7m | CN¥412.7m | CN¥370.4m | CN¥414.6m | CN¥333.8m | CN¥284.0m |
| Shareholders' equity | −CN¥38.7m | CN¥177.7m | CN¥948.4m | CN¥1.14bn | CN¥629.0m | CN¥620.2m | CN¥1.01bn | CN¥945.0m | CN¥860.7m | CN¥823.7m |
| Shares outstanding | 722m | 720m | 720m | 343m | 631m | 460m | 537m | 555m | 606m | 509m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥41.1m | CN¥80.7m | −CN¥118.7m | CN¥103.8m | CN¥70.4m | CN¥77.0m | CN¥226.0m | CN¥51.2m | CN¥43.4m | CN¥19.6m |
| Capital spending | −CN¥1.4m | −CN¥57.8m | −CN¥408.7m | −CN¥739.2m | −CN¥50.9m | −CN¥120.0m | −CN¥166.2m | −CN¥164.9m | −CN¥67.4m | −CN¥41.7m |
| Free cash flow | CN¥39.8m | CN¥22.9m | −CN¥527.4m | −CN¥635.4m | CN¥19.5m | −CN¥43.0m | CN¥59.8m | −CN¥113.7m | −CN¥24.0m | −CN¥22.1m |
| Dividends paid | −CN¥16.6m | −CN¥22.7m | −CN¥20.4m | −CN¥23.6m | −CN¥25.4m | −CN¥25.3m | −CN¥31.2m | −CN¥22.0m | −CN¥13.9m | −CN¥11.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥51.0m | CN¥45.3m | CN¥73.0m | CN¥49.2m | CN¥60.7m | CN¥40.4m | CN¥109.0m | CN¥51.1m |
| Gross profit | CN¥18.7m | CN¥14.9m | CN¥16.8m | CN¥14.9m | CN¥8.2m | CN¥6.6m | −CN¥98.4m | CN¥24.9m |
| Operating income | CN¥4.1m | CN¥2.7m | −CN¥8.2m | −CN¥7.9m | −CN¥15.4m | −CN¥12.4m | −CN¥483.5m | −CN¥59.1m |
| Net income | −CN¥28.3m | −CN¥12.6m | −CN¥160.0m | −CN¥9.6m | −CN¥21.1m | −CN¥23.7m | −CN¥602.0m | −CN¥59.3m |
| Diluted earnings per share | -0.04 | -0.02 | -0.22 | -0.01 | -0.03 | -0.03 | -0.84 | -0.08 |
| Cash from operations | — | — | — | CN¥11.0m | CN¥19.0m | CN¥7.0m | — | CN¥12.0m |
| Capital spending | — | — | — | — | — | — | −CN¥7.0m | −CN¥3.0m |
| Free cash flow | — | — | — | — | — | — | — | CN¥9.0m |
| Total assets | CN¥1.41bn | CN¥1.45bn | CN¥1.50bn | CN¥1.70bn | CN¥1.76bn | CN¥1.81bn | CN¥1.88bn | CN¥2.76bn |
| Cash and short-term investments | — | — | — | CN¥20.7m | CN¥23.7m | CN¥35.6m | CN¥56.0m | CN¥38.8m |
| Debt | CN¥25.3m | CN¥28.8m | CN¥28.8m | CN¥444.3m | CN¥405.5m | CN¥395.0m | CN¥397.9m | CN¥469.0m |
| Shareholders' equity | −CN¥81.8m | −CN¥52.8m | −CN¥38.7m | CN¥123.2m | CN¥133.1m | CN¥153.9m | CN¥177.7m | CN¥787.3m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.8% | -25.9% | 19.0% | 25.9% | 21.3% | 12.0% |
| Operating margin | -69.2% | -192.1% | -29.6% | 7.1% | 6.2% | -75.5% |
| Net margin | -96.0% | -228.4% | -33.2% | 4.4% | 1.9% | -78.5% |
| Return on equity | 553.4% | -431.8% | -20.3% | 2.7% | 2.0% | -62.7% |
| Return on assets | -14.3% | -40.9% | -6.7% | 1.3% | 0.9% | -26.5% |
| Free cash flow yield | — | 4.4% | -6.5% | — | — | — |
| Revenue growth | -33.5% | -42.2% | -15.1% | 7.8% | 28.0% | -40.1% |
| Earnings growth | -72.1% | 297.9% | -734.4% | 146.5% | -103.2% | -686.9% |
| Current ratio | 0.46x | 0.60x | 0.87x | 1.17x | 1.02x | 1.00x |
| Debt to equity | -0.74x | 2.24x | 0.57x | 0.33x | 0.48x | 0.58x |
| Equity ratio | -2.6% | 9.5% | 32.8% | 48.8% | 44.7% | 42.3% |
| Interest coverage | -4.90x | -7.21x | -4.54x | 1.84x | 1.53x | -13.95x |
| R&D as a share of sales | 5.5% | 5.6% | 7.2% | 4.4% | 3.8% | 11.0% |
| Buybacks as a share of market value | -0.3% | 0.1% | -110.0% | 45.6% | -37.1% | 14.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.1% | -14.7% | -8.2% |
| Operating income | — | -39.2% | — |
| Net income | — | -11.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -7.2% | 13.6% | 15.0% | 23.7% |
| Operating margin | -124.3% | -48.2% | -42.9% | -19.1% |
| Net margin | -175.5% | -62.7% | -51.5% | -23.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.8 | -7.5 | -32.8 | 119.0 | 257.2 | -4.8 | 47.0 | 31.3 | 116.7 | -26.5 |
| Price to sales | 19.0 | 17.2 | 10.9 | 5.3 | 5.0 | 3.7 | 3.8 | 3.7 | 8.4 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Apr 2014.
| FY2014 | FY2012 | FY2011 | |
|---|---|---|---|
| Paid in the year | 0.05 | 0.025 | 0.091 |
- 2-for-1 split · 27 May 2016
- 2-for-1 split · 28 Apr 2014
- 8-for-5 split · 11 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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