M 
2.54
0.00%
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¥603.5m
FY2016FY2025
Net income
−CN¥44.9m
FY2016FY2025
Free cash flow
−CN¥94.7m
FY2016FY2025
Shareholders' equity
CN¥414.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥603.5m | CN¥216.5m | CN¥289.5m | CN¥229.9m | CN¥385.2m | CN¥511.9m | CN¥1.37bn | CN¥1.57bn | CN¥921.3m | CN¥754.2m |
| Research and development | CN¥7.0m | CN¥4.9m | CN¥5.2m | CN¥6.4m | CN¥6.7m | CN¥24.3m | CN¥56.0m | CN¥50.8m | CN¥22.2m | CN¥14.0m |
| Operating income | — | −CN¥54.7m | −CN¥99.5m | −CN¥105.6m | −CN¥54.9m | −CN¥123.4m | −CN¥1.55bn | CN¥8.9m | CN¥138.8m | −CN¥356.3m |
| Net income | −CN¥44.9m | −CN¥62.1m | −CN¥89.1m | −CN¥41.4m | −CN¥39.5m | CN¥7.3m | −CN¥1.47bn | CN¥25.9m | CN¥134.7m | −CN¥286.9m |
| Diluted earnings per share | -0.06 | -0.09 | -0.13 | -0.05 | -0.06 | 0.01 | -2.06 | 0.04 | 0.19 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥667.9m | CN¥485.9m | CN¥596.7m | CN¥790.3m | CN¥1.11bn | CN¥1.20bn | CN¥1.87bn | CN¥3.34bn | CN¥3.40bn | CN¥2.93bn |
| Cash and short-term investments | — | CN¥236.4m | CN¥226.9m | CN¥275.4m | CN¥322.1m | CN¥589.3m | CN¥243.3m | CN¥347.6m | CN¥635.7m | CN¥486.3m |
| Total liabilities | CN¥253.0m | CN¥149.9m | CN¥224.3m | CN¥283.5m | CN¥359.9m | CN¥439.9m | CN¥1.12bn | CN¥866.5m | CN¥1.00bn | CN¥1.07bn |
| Debt | — | CN¥25.7m | CN¥69.6m | CN¥93.3m | CN¥62.2m | CN¥23.3m | CN¥280.7m | CN¥523.9m | CN¥603.0m | CN¥792.2m |
| Shareholders' equity | CN¥414.9m | CN¥336.0m | CN¥371.4m | CN¥505.9m | CN¥572.6m | CN¥759.5m | CN¥760.5m | CN¥2.38bn | CN¥2.30bn | CN¥1.73bn |
| Shares outstanding | 713m | 707m | 712m | 869m | 712m | 709m | 714m | 711m | 713m | 677m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥83.5m | CN¥16.5m | CN¥31.3m | CN¥3.8m | CN¥162.7m | −CN¥172.1m | CN¥38.2m | −CN¥87.3m | CN¥284.4m | −CN¥124.9m |
| Capital spending | −CN¥11.2m | −CN¥15.1m | −CN¥19.5m | −CN¥19.3m | −CN¥6.3m | −CN¥63.0m | −CN¥34.7m | −CN¥177.2m | −CN¥122.4m | −CN¥230.9m |
| Free cash flow | −CN¥94.7m | CN¥1.5m | CN¥11.7m | −CN¥15.6m | CN¥156.4m | −CN¥235.1m | CN¥3.6m | −CN¥264.4m | CN¥162.0m | −CN¥355.8m |
| Dividends paid | −CN¥1.4m | — | — | −CN¥472,726 | −CN¥1.9m | −CN¥5.6m | −CN¥2.9m | −CN¥24.3m | −CN¥37.3m | −CN¥81.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥200.3m | CN¥143.7m | CN¥204.7m | CN¥243.2m | CN¥143.2m | CN¥91.7m | CN¥57.1m | CN¥47.7m |
| Operating income | −CN¥4.9m | CN¥790,975 | −CN¥7.8m | −CN¥15.2m | −CN¥22.6m | CN¥3.7m | −CN¥43.2m | CN¥49.8m |
| Net income | −CN¥12.3m | −CN¥1.4m | −CN¥10.3m | −CN¥13.8m | −CN¥24.5m | CN¥3.7m | −CN¥49.0m | CN¥48.9m |
| Diluted earnings per share | -0.02 | -0.00 | -0.01 | -0.02 | -0.03 | 0.01 | -0.07 | 0.07 |
| Cash from operations | — | — | — | −CN¥156.0m | −CN¥48.0m | — | −CN¥15.0m | CN¥51.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥4.0m | −CN¥3.0m | −CN¥1.0m | −CN¥6.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥160.0m | −CN¥51.0m | — | −CN¥21.0m | CN¥47.0m |
| Total assets | CN¥643.8m | CN¥657.9m | CN¥667.9m | CN¥744.1m | CN¥697.7m | CN¥688.5m | CN¥485.9m | CN¥525.9m |
| Cash and short-term investments | — | — | — | CN¥192.5m | CN¥354.6m | CN¥489.7m | CN¥236.4m | CN¥241.3m |
| Debt | CN¥10.0m | — | — | CN¥66.2m | CN¥51.4m | CN¥6.4m | CN¥10.7m | CN¥18.4m |
| Shareholders' equity | CN¥399.5m | CN¥412.6m | CN¥414.9m | CN¥424.9m | CN¥438.4m | CN¥561.3m | CN¥336.0m | CN¥361.3m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -7.1% | -27.5% | -29.0% | -3.6% | 6.9% | 4.2% | — |
| Net margin | -7.4% | -28.7% | -30.8% | -18.0% | -10.2% | 1.4% | — |
| Return on equity | -10.8% | -18.5% | -24.0% | -8.2% | -6.9% | 1.0% | — |
| Return on assets | -6.7% | -12.8% | -14.9% | -5.2% | -3.6% | 0.6% | — |
| Free cash flow yield | -3.9% | 1.7% | 2.8% | 1.0% | 9.2% | -6.0% | — |
| Revenue growth | 178.7% | -25.2% | 25.9% | -40.3% | -24.8% | -62.7% | — |
| Earnings growth | -27.7% | -30.3% | 115.1% | 4.9% | -639.6% | -100.5% | — |
| Current ratio | 2.32x | 2.88x | 2.76x | 2.97x | 3.40x | 3.60x | — |
| Debt to equity | — | 0.03x | 0.06x | 0.04x | 0.05x | 0.01x | 0.25x |
| Equity ratio | 62.1% | 69.2% | 62.2% | 64.0% | 51.6% | 63.3% | — |
| Interest coverage | -11.28x | -15.86x | -18.22x | -1.68x | 7.64x | 3.40x | — |
| R&D as a share of sales | 1.2% | 2.3% | 1.8% | 2.8% | 1.7% | 4.8% | — |
| Buybacks as a share of market value | -0.9% | 0.7% | 18.0% | -22.0% | -0.4% | 0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.9% | 3.3% | -1.8% |
| Net income | 2.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -13.1% | -17.7% | -12.1% | -24.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -44.8 | -15.0 | -14.6 | -54.5 | -49.9 | 141.4 | -1.9 | 170.1 | 81.0 | -32.0 |
| Price to sales | 3.3 | 4.3 | 4.5 | 9.8 | 5.1 | 2.0 | 2.0 | 2.8 | 11.8 | 12.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2019.
| FY2019 | FY2018 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.004 | 0.009 | 0.043 | 0.043 | 0.07 | 0.072 |
- 8-for-5 split · 31 May 2018
- 8-for-5 split · 26 May 2016
- 2-for-1 split · 16 May 2013
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.