D 
4.33
+9.90%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥386.0m
FY2016FY2025
Net income
−CN¥327.1m
FY2016FY2025
Free cash flow
−CN¥94.6m
FY2016FY2025
Shareholders' equity
CN¥1.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥386.0m | CN¥378.4m | CN¥329.1m | CN¥567.2m | CN¥1.05bn | CN¥995.4m | CN¥1.25bn | CN¥1.30bn | CN¥1.61bn | CN¥843.1m |
| Research and development | CN¥16.2m | CN¥8.6m | CN¥9.3m | CN¥16.7m | CN¥29.8m | CN¥11.9m | CN¥18.8m | CN¥9.5m | CN¥24.6m | CN¥22.4m |
| Operating income | −CN¥68.7m | −CN¥246.1m | −CN¥62.3m | CN¥31.5m | −CN¥832.8m | CN¥52.7m | −CN¥342.9m | −CN¥1.19bn | CN¥132.4m | −CN¥423.4m |
| Net income | −CN¥327.1m | −CN¥249.4m | −CN¥59.1m | CN¥43.4m | −CN¥862.4m | CN¥45.2m | −CN¥372.8m | −CN¥1.25bn | CN¥84.2m | −CN¥427.4m |
| Diluted earnings per share | -0.23 | -0.16 | -0.04 | 0.03 | -0.56 | 0.03 | -0.20 | -0.71 | 0.07 | -0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.23bn | CN¥2.57bn | CN¥2.79bn | CN¥3.00bn | CN¥3.48bn | CN¥4.43bn | CN¥4.47bn | CN¥5.31bn | CN¥7.08bn | CN¥7.16bn |
| Cash and short-term investments | — | CN¥901.8m | CN¥948.5m | CN¥898.1m | CN¥768.0m | CN¥1.04bn | CN¥1.12bn | CN¥2.01bn | CN¥1.69bn | CN¥3.18bn |
| Total liabilities | CN¥316.9m | CN¥334.1m | CN¥272.9m | CN¥239.8m | CN¥752.8m | CN¥820.0m | CN¥904.8m | CN¥1.37bn | CN¥1.82bn | CN¥2.05bn |
| Debt | — | CN¥3.2m | CN¥468,337 | CN¥3.0m | CN¥175.8m | CN¥244.3m | CN¥107.5m | CN¥642.7m | CN¥459.7m | CN¥559.9m |
| Shareholders' equity | CN¥1.91bn | CN¥2.24bn | CN¥2.52bn | CN¥2.76bn | CN¥2.73bn | CN¥3.60bn | CN¥3.56bn | CN¥3.93bn | CN¥5.16bn | CN¥5.08bn |
| Shares outstanding | 1,421m | 1,571m | 1,425m | 1,276m | 1,534m | 1,485m | 1,894m | 1,759m | 1,274m | 1,031m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥26.0m | −CN¥56.3m | CN¥58.4m | CN¥94.5m | −CN¥238.3m | −CN¥63.8m | −CN¥216.5m | −CN¥141.9m | −CN¥108.7m | CN¥131.8m |
| Capital spending | −CN¥68.6m | −CN¥44.2m | −CN¥14.1m | −CN¥6.2m | −CN¥20.2m | −CN¥57.4m | −CN¥59.5m | −CN¥73.6m | −CN¥59.2m | −CN¥28.5m |
| Free cash flow | −CN¥94.6m | −CN¥100.4m | CN¥44.3m | CN¥88.3m | −CN¥258.5m | −CN¥121.3m | −CN¥276.0m | −CN¥215.5m | −CN¥167.9m | CN¥103.3m |
| Dividends paid | — | — | — | — | — | −CN¥85,304 | −CN¥16.0m | −CN¥41.0m | −CN¥38.3m | −CN¥26.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥69.1m | CN¥113.5m | CN¥75.1m | CN¥47.5m | CN¥113.7m | CN¥149.6m | CN¥88.3m | CN¥68.4m |
| Operating income | −CN¥21.5m | −CN¥19.1m | −CN¥28.9m | −CN¥150.6m | −CN¥23.3m | −CN¥7.1m | −CN¥204.9m | −CN¥19.1m |
| Net income | −CN¥17.0m | −CN¥23.4m | −CN¥148.6m | −CN¥150.4m | −CN¥21.1m | −CN¥7.0m | −CN¥207.7m | −CN¥19.1m |
| Diluted earnings per share | -0.01 | -0.02 | -0.10 | -0.11 | -0.01 | -0.00 | -0.13 | -0.01 |
| Cash from operations | — | — | — | −CN¥1.0m | CN¥31.0m | −CN¥23.0m | −CN¥17.0m | CN¥8.0m |
| Capital spending | −CN¥6.0m | −CN¥22.0m | −CN¥1.0m | −CN¥22.0m | −CN¥12.0m | −CN¥32.0m | −CN¥9.0m | −CN¥26.0m |
| Free cash flow | — | — | — | −CN¥23.0m | CN¥19.0m | −CN¥55.0m | −CN¥26.0m | −CN¥18.0m |
| Total assets | CN¥2.13bn | CN¥2.16bn | CN¥2.23bn | CN¥2.33bn | CN¥2.50bn | CN¥2.53bn | CN¥2.57bn | CN¥2.73bn |
| Cash and short-term investments | — | — | — | CN¥1.08bn | CN¥869.6m | CN¥841.5m | CN¥901.8m | CN¥927.2m |
| Debt | — | — | — | CN¥5.8m | CN¥3.1m | CN¥10.4m | CN¥12.0m | CN¥4.9m |
| Shareholders' equity | CN¥1.87bn | CN¥1.89bn | CN¥1.91bn | CN¥2.06bn | CN¥2.21bn | CN¥2.23bn | CN¥2.24bn | CN¥2.45bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -83.6% | -65.4% | -19.4% | 7.3% | -79.3% | 5.5% | — | — |
| Net margin | -84.7% | -65.9% | -17.9% | 7.7% | -82.1% | 4.5% | — | — |
| Return on equity | -17.1% | -11.1% | -2.3% | 1.6% | -31.6% | 1.3% | — | — |
| Return on assets | -14.7% | -9.7% | -2.1% | 1.4% | -24.8% | 1.0% | — | — |
| Free cash flow yield | 0.7% | -0.2% | 1.2% | 1.9% | -3.4% | -0.1% | — | — |
| Revenue growth | 2.0% | 15.0% | -42.0% | -46.0% | 5.5% | -20.5% | — | — |
| Earnings growth | 31.2% | 322.1% | -236.0% | -105.0% | -2008.5% | -112.1% | — | — |
| Current ratio | 6.16x | 5.09x | 6.99x | 8.99x | 3.31x | 2.89x | — | — |
| Debt to equity | — | 0.01x | 0.00x | — | 0.02x | 0.02x | 0.03x | 0.16x |
| Equity ratio | 85.8% | 87.0% | 90.2% | 92.0% | 78.3% | 81.3% | — | — |
| Interest coverage | -655.27x | -428.97x | -96.50x | 8.25x | -71.68x | 26.22x | — | — |
| R&D as a share of sales | 4.2% | 2.3% | 2.8% | 3.0% | 2.8% | 1.2% | — | — |
| Buybacks as a share of market value | 9.5% | -10.2% | -11.7% | 16.8% | -3.3% | 21.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.0% | -17.3% | -7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -41.2% | -20.8% | -30.4% | -30.7% |
| Net margin | -75.4% | -35.7% | -38.0% | -35.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -14.2 | -65.4 | 66.4 | -4.0 | 52.6 | -18.8 | -3.6 | 69.3 | -22.2 |
| Price to sales | 11.4 | 9.3 | 11.7 | 5.1 | 3.3 | 2.4 | 5.6 | 3.5 | 3.6 | 11.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Nov 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.004 | 0.008 | 0.02 | 0.02 |
- 5-for-2 split · 4 Jul 2016
- 2-for-1 split · 29 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.