F 
5.51
+9.98%
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¥1.90bn
FY2016FY2025
Net income
−CN¥29.7m
FY2016FY2025
Free cash flow
−CN¥269.6m
FY2016FY2025
Shareholders' equity
CN¥1.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.90bn | CN¥2.23bn | CN¥2.82bn | CN¥2.79bn | CN¥2.24bn | CN¥1.59bn | CN¥1.46bn | CN¥1.43bn | CN¥1.23bn | CN¥1.04bn |
| Gross profit | CN¥93.0m | CN¥134.0m | CN¥164.9m | CN¥195.9m | CN¥187.0m | CN¥153.3m | CN¥153.6m | CN¥133.8m | CN¥118.4m | CN¥92.8m |
| Research and development | CN¥44.6m | CN¥35.9m | CN¥41.9m | CN¥81.0m | CN¥69.7m | CN¥49.6m | CN¥20.2m | CN¥18.4m | CN¥17.6m | CN¥31.8m |
| Operating income | −CN¥37.6m | CN¥26.4m | CN¥34.2m | CN¥62.3m | CN¥68.0m | CN¥75.7m | CN¥56.2m | CN¥40.4m | CN¥44.8m | CN¥20.8m |
| Net income | −CN¥29.7m | CN¥20.8m | CN¥26.9m | CN¥49.9m | CN¥58.2m | CN¥62.8m | CN¥47.0m | CN¥35.8m | CN¥38.3m | CN¥17.7m |
| Diluted earnings per share | -0.03 | 0.02 | 0.04 | 0.04 | 0.05 | 0.10 | 0.06 | 0.06 | 0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.49bn | CN¥2.33bn | CN¥2.61bn | CN¥2.38bn | CN¥1.99bn | CN¥1.81bn | CN¥1.69bn | CN¥1.71bn | CN¥1.70bn | CN¥1.69bn |
| Cash and short-term investments | — | CN¥734.1m | CN¥677.2m | CN¥605.3m | CN¥213.8m | CN¥253.9m | CN¥215.8m | CN¥237.9m | CN¥336.8m | CN¥394.3m |
| Total liabilities | CN¥989.4m | CN¥806.7m | CN¥1.06bn | CN¥864.1m | CN¥524.9m | CN¥376.7m | CN¥309.0m | CN¥200.3m | CN¥210.0m | CN¥239.2m |
| Debt | — | CN¥579.5m | CN¥757.5m | CN¥573.5m | CN¥221.9m | CN¥76.0m | CN¥110.2m | — | CN¥6.0m | CN¥19.3m |
| Shareholders' equity | CN¥1.50bn | CN¥1.53bn | CN¥1.54bn | CN¥1.52bn | CN¥1.47bn | CN¥1.44bn | CN¥1.38bn | CN¥1.50bn | CN¥1.48bn | CN¥1.45bn |
| Shares outstanding | 936m | 1,338m | 762m | 1,181m | 1,066m | 635m | 840m | 610m | 870m | 958m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥191.8m | CN¥78.4m | −CN¥42.2m | −CN¥54.4m | −CN¥202.2m | CN¥132.3m | CN¥97.4m | −CN¥11.7m | CN¥18.2m | −CN¥16.6m |
| Capital spending | −CN¥77.7m | −CN¥45.0m | −CN¥83.6m | −CN¥35.1m | −CN¥20.5m | −CN¥58.9m | −CN¥29.9m | −CN¥98.4m | −CN¥71.9m | −CN¥28.7m |
| Free cash flow | −CN¥269.6m | CN¥33.4m | −CN¥125.7m | −CN¥89.5m | −CN¥222.7m | CN¥73.4m | CN¥67.5m | −CN¥110.1m | −CN¥53.7m | −CN¥45.4m |
| Dividends paid | −CN¥588,873 | −CN¥38.4m | −CN¥976,764 | −CN¥1.3m | −CN¥28.2m | −CN¥580,000 | −CN¥598,125 | −CN¥20.3m | −CN¥20.3m | −CN¥3.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥607.6m | CN¥360.0m | CN¥613.8m | CN¥507.5m | CN¥476.1m | CN¥299.3m | CN¥617.9m | CN¥578.8m |
| Gross profit | CN¥21.8m | CN¥29.2m | CN¥31.2m | CN¥17.7m | CN¥30.4m | CN¥13.7m | CN¥36.1m | CN¥40.5m |
| Operating income | −CN¥7.8m | CN¥5.4m | −CN¥11.2m | −CN¥13.0m | CN¥2.8m | CN¥2.5m | −CN¥9.4m | CN¥15.8m |
| Net income | −CN¥13.0m | CN¥10.5m | −CN¥21.6m | −CN¥11.0m | CN¥873,831 | CN¥2.1m | −CN¥7.7m | CN¥12.9m |
| Diluted earnings per share | -0.01 | 0.01 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | 0.01 |
| Cash from operations | — | — | — | −CN¥52.0m | −CN¥81.0m | CN¥8.0m | — | CN¥106.0m |
| Capital spending | −CN¥12.0m | −CN¥11.0m | −CN¥25.0m | −CN¥10.0m | −CN¥21.0m | −CN¥20.0m | −CN¥23.0m | −CN¥7.0m |
| Free cash flow | — | — | — | −CN¥62.0m | −CN¥102.0m | −CN¥12.0m | — | CN¥99.0m |
| Total assets | CN¥2.39bn | CN¥2.25bn | CN¥2.49bn | CN¥2.51bn | CN¥2.33bn | CN¥2.25bn | CN¥2.33bn | CN¥2.45bn |
| Cash and short-term investments | — | — | — | CN¥804.7m | CN¥681.4m | CN¥672.9m | CN¥734.1m | CN¥755.6m |
| Debt | — | — | — | CN¥778.9m | CN¥589.5m | CN¥513.0m | CN¥579.5m | CN¥661.9m |
| Shareholders' equity | CN¥1.49bn | CN¥1.51bn | CN¥1.50bn | CN¥1.52bn | CN¥1.53bn | CN¥1.53bn | CN¥1.53bn | CN¥1.53bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 4.9% | 6.0% | 5.8% | 7.0% | 8.3% | 9.6% | — |
| Operating margin | -1.8% | 1.6% | 1.4% | 2.4% | 2.9% | 4.6% | — |
| Net margin | -1.6% | 0.9% | 1.0% | 1.8% | 2.6% | 3.9% | — |
| Return on equity | -2.0% | 1.4% | 1.7% | 3.3% | 4.0% | 4.4% | — |
| Return on assets | -1.2% | 0.9% | 1.0% | 2.1% | 2.9% | 3.5% | — |
| Free cash flow yield | — | 1.6% | — | — | — | — | — |
| Revenue growth | -14.9% | -21.1% | 1.2% | 24.4% | 40.8% | 8.9% | — |
| Earnings growth | -243.0% | -22.7% | -46.2% | -14.3% | -7.3% | 33.5% | — |
| Current ratio | 1.87x | 2.12x | 1.85x | 1.94x | 2.31x | 2.58x | — |
| Debt to equity | — | 0.38x | 0.49x | 0.38x | 0.18x | 0.03x | 0.08x |
| Equity ratio | 60.2% | 65.4% | 59.2% | 63.6% | 73.6% | 79.2% | — |
| Interest coverage | -5.49x | 3.34x | 5.61x | 6.74x | 39.77x | 71.33x | — |
| R&D as a share of sales | 2.4% | 1.6% | 1.5% | 2.9% | 3.1% | 3.1% | — |
| Buybacks as a share of market value | 30.0% | -75.4% | 35.4% | -10.8% | -67.8% | 24.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.1% | 3.5% | 5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.5% | 6.0% | 6.8% | 7.6% |
| Operating margin | -0.3% | 0.9% | 1.7% | 2.1% |
| Net margin | -0.2% | 0.7% | 1.4% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -141.5 | 192.5 | 127.2 | 102.4 | 71.4 | 35.4 | 63.6 | 56.9 | 105.6 | 322.1 |
| Price to sales | 2.2 | 1.8 | 1.2 | 1.8 | 1.9 | 1.4 | 2.0 | 1.4 | 3.3 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jun 2024.
| FY2024 | FY2021 | FY2018 | FY2015 | FY2012 | |
|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.03 | 0.02 | 0.04 | 0.05 |
- 2-for-1 split · 23 May 2017
- 5-for-2 split · 28 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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