M 
6.82
-1.73%
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¥1.23bn
FY2016FY2025
Net income
−CN¥234.3m
FY2016FY2025
Free cash flow
−CN¥5.4m
FY2016FY2025
Shareholders' equity
CN¥1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.23bn | CN¥1.30bn | CN¥1.33bn | CN¥1.54bn | CN¥1.63bn | CN¥1.23bn | CN¥1.25bn | CN¥1.34bn | CN¥1.65bn | CN¥1.29bn |
| Gross profit | CN¥128.9m | CN¥303.2m | CN¥337.6m | CN¥325.1m | CN¥268.0m | CN¥255.1m | CN¥280.6m | CN¥209.1m | CN¥307.3m | CN¥281.9m |
| Research and development | CN¥110.6m | CN¥103.4m | CN¥93.5m | CN¥79.4m | CN¥63.9m | CN¥53.5m | CN¥50.3m | CN¥58.5m | CN¥62.3m | CN¥49.4m |
| Operating income | — | CN¥50.1m | CN¥74.5m | CN¥88.4m | CN¥85.7m | CN¥64.5m | CN¥85.9m | −CN¥250.0m | CN¥42.9m | CN¥709,689 |
| Net income | −CN¥234.3m | CN¥67.5m | CN¥76.6m | CN¥84.9m | CN¥66.5m | CN¥62.9m | CN¥66.5m | −CN¥255.8m | CN¥13.1m | −CN¥1.8m |
| Diluted earnings per share | -0.66 | 0.19 | 0.20 | 0.45 | 0.23 | 0.23 | 0.23 | -0.93 | 0.06 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.80bn | CN¥1.96bn | CN¥1.80bn | CN¥1.90bn | CN¥1.74bn | CN¥1.73bn | CN¥1.63bn | CN¥1.70bn | CN¥2.05bn | CN¥2.27bn |
| Cash and short-term investments | — | CN¥598.7m | CN¥624.7m | CN¥619.4m | CN¥250.3m | CN¥358.9m | CN¥250.2m | CN¥282.4m | CN¥322.1m | CN¥294.2m |
| Total liabilities | CN¥782.0m | CN¥657.1m | CN¥519.3m | CN¥665.0m | CN¥1.02bn | CN¥1.04bn | CN¥1.02bn | CN¥1.15bn | CN¥1.15bn | CN¥1.24bn |
| Debt | — | CN¥60.2m | CN¥57.0m | CN¥35.1m | CN¥287.9m | CN¥413.7m | CN¥193.1m | CN¥245.2m | CN¥256.1m | CN¥429.3m |
| Shareholders' equity | CN¥1.03bn | CN¥1.30bn | CN¥1.26bn | CN¥1.23bn | CN¥717.6m | CN¥692.9m | CN¥616.3m | CN¥555.3m | CN¥850.6m | CN¥861.7m |
| Shares outstanding | 357m | 351m | 388m | 188m | 286m | 270m | 286m | 276m | 215m | 277m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥32.1m | CN¥42.2m | −CN¥104.9m | CN¥173.6m | CN¥10.4m | CN¥47.7m | CN¥41.8m | CN¥77.8m | CN¥196.2m | CN¥2.2m |
| Capital spending | −CN¥37.5m | −CN¥23.5m | −CN¥46.6m | −CN¥22.5m | −CN¥22.3m | −CN¥15.0m | −CN¥41.1m | −CN¥20.0m | −CN¥57.0m | −CN¥149.0m |
| Free cash flow | −CN¥5.4m | CN¥18.7m | −CN¥151.4m | CN¥151.0m | −CN¥11.9m | CN¥32.7m | CN¥682,064 | CN¥57.9m | CN¥139.2m | −CN¥146.8m |
| Dividends paid | −CN¥36.0m | −CN¥36.9m | −CN¥35.9m | −CN¥7.0m | −CN¥8.0m | −CN¥7.7m | −CN¥13.7m | −CN¥14.9m | −CN¥17.9m | −CN¥22.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥343.7m | CN¥289.1m | CN¥280.0m | CN¥292.8m | CN¥350.7m | CN¥301.7m | CN¥376.9m | CN¥324.9m |
| Gross profit | CN¥59.8m | CN¥44.7m | −CN¥14.7m | CN¥48.7m | CN¥36.6m | CN¥58.3m | CN¥72.7m | CN¥77.9m |
| Operating income | CN¥10.7m | −CN¥22.4m | −CN¥117.3m | −CN¥49.9m | −CN¥33.4m | −CN¥5.8m | CN¥26.2m | CN¥154,373 |
| Net income | −CN¥1.3m | −CN¥29.1m | −CN¥176.4m | −CN¥35.4m | −CN¥23.1m | CN¥597,962 | CN¥29.5m | CN¥5.0m |
| Diluted earnings per share | -0.00 | -0.08 | -0.49 | -0.10 | -0.06 | 0.00 | 0.08 | 0.01 |
| Cash from operations | — | — | — | CN¥68.0m | −CN¥45.0m | CN¥3.0m | — | CN¥27.0m |
| Capital spending | −CN¥7.0m | −CN¥3.0m | −CN¥8.0m | −CN¥17.0m | −CN¥1.0m | −CN¥9.0m | −CN¥6.0m | −CN¥5.0m |
| Free cash flow | — | — | — | CN¥51.0m | −CN¥46.0m | −CN¥6.0m | — | CN¥22.0m |
| Total assets | CN¥1.82bn | CN¥1.76bn | CN¥1.80bn | CN¥1.96bn | CN¥1.91bn | CN¥1.99bn | CN¥1.96bn | CN¥1.84bn |
| Cash and short-term investments | — | — | — | CN¥592.2m | CN¥506.0m | CN¥601.0m | CN¥598.7m | CN¥623.9m |
| Debt | — | — | — | CN¥244.2m | CN¥35.0m | CN¥46.0m | CN¥46.0m | CN¥66.0m |
| Shareholders' equity | CN¥995.9m | CN¥997.3m | CN¥1.03bn | CN¥1.20bn | CN¥1.24bn | CN¥1.30bn | CN¥1.30bn | CN¥1.27bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.5% | 23.4% | 25.4% | 21.1% | 16.5% | 20.7% |
| Operating margin | -22.1% | 4.0% | 5.8% | 6.3% | 5.5% | 7.1% |
| Net margin | -19.1% | 5.2% | 5.8% | 5.5% | 4.1% | 5.1% |
| Return on equity | -22.8% | 5.2% | 6.1% | 6.9% | 9.3% | 9.1% |
| Return on assets | -13.0% | 3.4% | 4.2% | 4.5% | 3.8% | 3.6% |
| Free cash flow yield | 2.7% | 2.6% | -2.1% | 14.5% | 1.6% | 3.2% |
| Revenue growth | -5.4% | -2.5% | -13.9% | -5.1% | 31.7% | -1.0% |
| Earnings growth | -447.2% | -11.9% | -9.9% | 27.7% | 5.8% | -5.5% |
| Current ratio | 1.78x | 2.37x | 2.83x | 2.29x | 1.26x | 1.19x |
| Debt to equity | 0.00x | 0.04x | 0.03x | 0.02x | 0.38x | 0.56x |
| Equity ratio | 57.1% | 66.1% | 70.2% | 64.9% | 41.2% | 40.0% |
| Interest coverage | -246.58x | 17.21x | 34.06x | 8.83x | 7.82x | 3.63x |
| R&D as a share of sales | 9.0% | 8.0% | 7.0% | 5.1% | 3.9% | 4.3% |
| Buybacks as a share of market value | -1.8% | 9.7% | -106.4% | 34.2% | -5.7% | 5.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.4% | -0.2% | 2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 20.3% | 19.6% | 19.6% |
| Net margin | -6.6% | -0.1% | 1.5% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.1 | 53.6 | 62.8 | 17.7 | 34.6 | 34.6 | 37.7 | -6.4 | 157.9 | -2354.9 |
| Price to sales | 2.7 | 2.8 | 3.6 | 1.0 | 1.4 | 1.8 | 2.0 | 1.2 | 1.3 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 13 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2016 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.016 | 0.023 | 0.039 | 0.077 |
- 13-for-10 split · 11 Jun 2014
- 2-for-1 split · 18 Jun 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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