Z 
9.91
-0.60%
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¥140.1m
FY2016FY2025
Net income
CN¥8.7m
FY2016FY2025
Free cash flow
CN¥4.2m
FY2016FY2025
Shareholders' equity
CN¥43.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥140.1m | CN¥132.3m | CN¥144.1m | CN¥154.5m | CN¥279.0m | CN¥254.7m | CN¥359.1m | CN¥319.9m | CN¥343.9m | CN¥369.6m |
| Gross profit | CN¥43.9m | CN¥28.2m | CN¥25.4m | CN¥22.3m | CN¥115.8m | CN¥15.1m | CN¥124.9m | CN¥69.8m | CN¥82.2m | CN¥102.7m |
| Research and development | — | CN¥1.1m | CN¥2.7m | CN¥1.4m | — | — | — | CN¥5.0m | CN¥5.2m | CN¥5.5m |
| Operating income | CN¥9.5m | −CN¥53.8m | −CN¥44.0m | −CN¥65.1m | CN¥12.3m | −CN¥160.1m | −CN¥22.1m | −CN¥43.9m | −CN¥34.0m | CN¥19.8m |
| Net income | CN¥8.7m | −CN¥51.4m | −CN¥67.0m | −CN¥67.4m | CN¥32.6m | −CN¥153.4m | CN¥44.5m | −CN¥192.8m | −CN¥33.8m | CN¥6.6m |
| Diluted earnings per share | 0.06 | -0.47 | -0.55 | -0.47 | 0.24 | -1.14 | 0.31 | -1.36 | -0.25 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥239.8m | CN¥189.3m | CN¥236.7m | CN¥295.6m | CN¥382.5m | CN¥390.6m | CN¥616.3m | CN¥659.1m | CN¥712.5m | CN¥627.3m |
| Cash and short-term investments | — | CN¥5.0m | CN¥42.3m | CN¥44.0m | CN¥68.1m | CN¥48.6m | CN¥91.1m | CN¥154.6m | CN¥241.3m | CN¥269.2m |
| Total liabilities | CN¥197.2m | CN¥156.0m | CN¥143.3m | CN¥133.0m | CN¥131.6m | CN¥193.9m | CN¥273.6m | CN¥355.6m | CN¥221.1m | CN¥102.0m |
| Debt | — | CN¥15.3m | CN¥25.6m | CN¥26.4m | CN¥23.0m | CN¥640,524 | CN¥5.0m | CN¥15.1m | CN¥30.4m | — |
| Shareholders' equity | CN¥43.9m | CN¥34.5m | CN¥91.9m | CN¥159.2m | CN¥255.8m | CN¥194.2m | CN¥339.0m | CN¥298.5m | CN¥491.4m | CN¥525.2m |
| Shares outstanding | 144m | 110m | 123m | 145m | 134m | 134m | 142m | 142m | 138m | 109m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.6m | −CN¥16.2m | −CN¥35.8m | −CN¥21.5m | −CN¥31.9m | −CN¥12.4m | −CN¥11.9m | −CN¥47.5m | −CN¥10.0m | CN¥13.5m |
| Capital spending | −CN¥397,240 | −CN¥571,302 | −CN¥73,835 | −CN¥505,663 | −CN¥3.1m | −CN¥2.4m | −CN¥6.4m | −CN¥3.0m | −CN¥6.9m | −CN¥2.8m |
| Free cash flow | CN¥4.2m | −CN¥16.8m | −CN¥35.9m | −CN¥22.1m | −CN¥35.0m | −CN¥14.8m | −CN¥18.3m | −CN¥50.4m | −CN¥16.9m | CN¥10.7m |
| Dividends paid | — | — | — | — | — | — | −CN¥8,500 | — | −CN¥2.8m | −CN¥2.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥41.3m | CN¥39.5m | CN¥51.1m | CN¥37.0m | CN¥19.6m | CN¥32.3m | CN¥30.6m | CN¥32.2m |
| Gross profit | CN¥4.9m | CN¥10.9m | CN¥16.4m | CN¥14.7m | CN¥744,166 | CN¥11.9m | −CN¥6.5m | CN¥13.8m |
| Operating income | −CN¥5.6m | CN¥1.1m | CN¥1.8m | CN¥5.2m | −CN¥6.1m | −CN¥4.1m | −CN¥40.7m | −CN¥6.8m |
| Net income | −CN¥9.1m | −CN¥4.2m | CN¥14.3m | CN¥4.8m | −CN¥6.3m | −CN¥4.2m | −CN¥38.5m | −CN¥6.7m |
| Diluted earnings per share | -0.06 | -0.03 | 0.10 | 0.03 | -0.04 | -0.03 | -0.35 | -0.06 |
| Cash from operations | — | — | — | −CN¥21.0m | −CN¥2.0m | — | −CN¥1.0m | −CN¥17.0m |
| Total assets | CN¥155.5m | CN¥217.5m | CN¥239.8m | CN¥198.3m | CN¥160.2m | CN¥179.4m | CN¥189.3m | CN¥237.5m |
| Cash and short-term investments | — | — | — | CN¥3.1m | CN¥5.0m | CN¥6.0m | CN¥5.0m | CN¥11.1m |
| Debt | — | — | — | CN¥12.6m | CN¥9.7m | CN¥8.0m | CN¥7.5m | CN¥6.7m |
| Shareholders' equity | CN¥30.6m | CN¥39.7m | CN¥43.9m | CN¥28.9m | CN¥24.0m | CN¥30.3m | CN¥34.5m | CN¥79.0m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 31.3% | 21.3% | 17.6% | 14.4% | 41.5% | 5.9% | — | — | — | — |
| Operating margin | 6.6% | -40.6% | -47.6% | -42.1% | 12.2% | -60.6% | — | — | — | — |
| Net margin | 6.2% | -38.9% | -46.5% | -43.6% | 11.7% | -60.2% | — | — | — | — |
| Return on equity | 19.8% | -149.1% | -72.9% | -42.3% | 12.7% | -79.0% | — | — | — | — |
| Return on assets | 3.6% | -27.2% | -28.3% | -22.8% | 8.5% | -39.3% | — | — | — | — |
| Free cash flow yield | 0.3% | -1.3% | -2.8% | -1.4% | -2.0% | -0.7% | — | — | — | — |
| Revenue growth | 5.9% | -8.2% | -6.8% | -44.6% | 9.5% | -29.1% | — | — | — | — |
| Earnings growth | -116.9% | -23.3% | -0.6% | -307.0% | -121.2% | -444.9% | — | — | — | — |
| Current ratio | 0.85x | 0.74x | 1.23x | 1.37x | 2.15x | 1.40x | — | — | — | — |
| Debt to equity | — | 0.28x | 0.26x | 0.15x | 0.08x | 0.00x | 0.01x | — | — | — |
| Equity ratio | 18.3% | 18.2% | 38.8% | 53.9% | 66.9% | 49.7% | — | — | — | — |
| Interest coverage | 8.90x | -117.12x | -191.30x | -47.21x | 15.34x | -695.39x | — | — | — | — |
| R&D as a share of sales | — | 0.9% | 1.9% | 0.9% | — | — | — | 1.6% | 1.5% | 1.5% |
| Buybacks as a share of market value | -30.7% | 10.0% | 15.2% | -8.3% | 0.5% | 5.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.2% | -11.3% | -10.0% |
| Net income | — | — | -2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.5% | 21.0% | 22.7% | 26.0% |
| Operating margin | -16.2% | -26.8% | -27.3% | -14.1% |
| Net margin | -15.7% | -31.0% | -27.0% | -15.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 207.1 | -22.5 | -13.8 | -13.9 | 32.7 | -9.8 | 31.2 | -7.0 | -147.9 | — |
| Price to sales | 12.8 | 8.7 | 6.4 | 6.0 | 3.8 | 5.9 | 3.9 | 4.2 | 14.5 | 14.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 May 2013.
| FY2013 | FY2012 | FY2011 | |
|---|---|---|---|
| Paid in the year | 0.067 | 0.067 | 0.267 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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