W 
4.69
+1.52%
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¥804.3m
FY2016FY2025
Net income
CN¥66.7m
FY2016FY2025
Free cash flow
−CN¥136.5m
FY2016FY2025
Shareholders' equity
CN¥1.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥804.3m | CN¥1.18bn | CN¥671.1m | CN¥1.48bn | CN¥7.07bn | CN¥7.64bn | CN¥13.69bn | CN¥9.95bn | CN¥5.00bn | CN¥2.14bn |
| Research and development | CN¥39.3m | CN¥42.1m | CN¥34.4m | CN¥56.7m | CN¥43.6m | CN¥43.6m | CN¥55.4m | CN¥53.6m | CN¥36.1m | CN¥10.7m |
| Operating income | CN¥75.1m | CN¥124.0m | −CN¥928.0m | −CN¥189.1m | −CN¥1.39bn | −CN¥1.10bn | CN¥427.4m | CN¥392.4m | CN¥198.6m | CN¥68.6m |
| Net income | CN¥66.7m | CN¥123.0m | −CN¥811.0m | −CN¥178.6m | −CN¥1.41bn | −CN¥1.07bn | CN¥357.0m | CN¥307.8m | CN¥131.9m | CN¥29.7m |
| Diluted earnings per share | 0.07 | 0.12 | -0.81 | -0.18 | -1.40 | -1.06 | 0.35 | 0.31 | 0.13 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.80bn | CN¥3.04bn | CN¥3.11bn | CN¥3.38bn | CN¥4.11bn | CN¥6.06bn | CN¥7.35bn | CN¥5.93bn | CN¥5.90bn | CN¥1.90bn |
| Cash and short-term investments | — | CN¥907.7m | CN¥470.3m | CN¥476.6m | CN¥295.8m | CN¥282.6m | CN¥548.8m | CN¥278.9m | CN¥915.1m | CN¥504.4m |
| Total liabilities | CN¥1.19bn | CN¥1.55bn | CN¥1.70bn | CN¥1.14bn | CN¥1.70bn | CN¥2.13bn | CN¥2.30bn | CN¥1.21bn | CN¥1.47bn | CN¥535.1m |
| Debt | — | CN¥85.9m | CN¥91.1m | CN¥333.6m | CN¥424.5m | CN¥1.00bn | CN¥803.2m | CN¥455.4m | CN¥215.4m | CN¥14.0m |
| Shareholders' equity | CN¥1.60bn | CN¥1.53bn | CN¥1.43bn | CN¥2.24bn | CN¥2.41bn | CN¥3.82bn | CN¥4.94bn | CN¥4.63bn | CN¥4.35bn | CN¥1.31bn |
| Shares outstanding | 1,011m | 1,010m | 1,006m | 1,006m | 1,006m | 1,008m | 1,008m | 1,008m | 1,034m | 691m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥56.8m | CN¥242.8m | CN¥212.1m | CN¥271.2m | −CN¥213.2m | −CN¥119.2m | −CN¥60.6m | −CN¥227.1m | −CN¥254.5m | CN¥170.8m |
| Capital spending | −CN¥79.6m | −CN¥168.7m | −CN¥407.4m | −CN¥26.4m | −CN¥49.5m | −CN¥75.8m | −CN¥119.7m | −CN¥99.2m | −CN¥16.8m | −CN¥10.0m |
| Free cash flow | −CN¥136.5m | CN¥74.1m | −CN¥195.3m | CN¥244.8m | −CN¥262.7m | −CN¥195.0m | −CN¥180.3m | −CN¥326.3m | −CN¥271.3m | CN¥160.7m |
| Dividends paid | −CN¥2.8m | −CN¥6.4m | −CN¥9.9m | −CN¥13.4m | −CN¥47.7m | −CN¥50.4m | −CN¥50.4m | −CN¥51.3m | −CN¥22.1m | −CN¥21.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥205.1m | CN¥551.9m | CN¥199.2m | CN¥241.3m | CN¥149.0m | CN¥214.9m | CN¥253.2m | CN¥373.9m |
| Operating income | CN¥21.2m | CN¥60.7m | CN¥42.0m | CN¥10.3m | −CN¥17.9m | CN¥30.1m | CN¥114.3m | −CN¥2.4m |
| Net income | CN¥7.9m | CN¥54.1m | CN¥26.7m | CN¥13.9m | −CN¥8.2m | CN¥34.4m | CN¥89.2m | CN¥6.7m |
| Diluted earnings per share | 0.01 | 0.05 | 0.03 | 0.01 | -0.01 | 0.03 | 0.09 | 0.01 |
| Cash from operations | — | — | — | CN¥69.0m | −CN¥63.0m | −CN¥125.0m | CN¥55.0m | −CN¥88.0m |
| Capital spending | −CN¥43.0m | −CN¥48.0m | −CN¥39.0m | −CN¥7.0m | −CN¥7.0m | −CN¥24.0m | −CN¥10.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥62.0m | −CN¥70.0m | −CN¥149.0m | CN¥45.0m | −CN¥89.0m |
| Total assets | CN¥2.47bn | CN¥2.51bn | CN¥2.80bn | CN¥2.72bn | CN¥2.56bn | CN¥3.06bn | CN¥3.04bn | CN¥3.57bn |
| Cash and short-term investments | — | — | — | CN¥818.0m | CN¥657.1m | CN¥771.4m | CN¥907.7m | CN¥555.4m |
| Debt | CN¥54.8m | CN¥18.2m | — | CN¥92.6m | CN¥70.1m | CN¥85.1m | CN¥80.1m | CN¥80.1m |
| Shareholders' equity | CN¥1.66bn | CN¥1.65bn | CN¥1.60bn | CN¥1.57bn | CN¥1.56bn | CN¥1.57bn | CN¥1.53bn | CN¥1.46bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.8% | 12.1% | -135.6% | -11.4% | -19.0% | -13.7% | — |
| Net margin | 8.3% | 10.4% | -120.9% | -12.1% | -19.9% | -14.0% | — |
| Return on equity | 4.2% | 8.0% | -56.7% | -8.0% | -58.3% | -28.1% | — |
| Return on assets | 2.4% | 4.0% | -26.1% | -5.3% | -34.2% | -17.7% | — |
| Free cash flow yield | 0.4% | 7.9% | 11.9% | 5.7% | -3.1% | -0.8% | — |
| Revenue growth | -32.1% | 76.5% | -54.5% | -79.1% | -7.5% | -44.2% | — |
| Earnings growth | -45.8% | -115.2% | 354.1% | -87.3% | 31.2% | -400.6% | — |
| Current ratio | 2.03x | 1.51x | 1.44x | 2.21x | 1.86x | 1.83x | — |
| Debt to equity | — | 0.05x | 0.06x | 0.14x | 0.18x | 0.26x | 0.16x |
| Equity ratio | 56.9% | 50.3% | 46.0% | 66.3% | 58.7% | 63.0% | — |
| Interest coverage | 1.71x | 7.38x | -49.58x | -7.47x | -27.75x | -18.55x | — |
| R&D as a share of sales | 4.9% | 3.6% | 5.1% | 3.8% | 0.6% | 0.6% | — |
| Buybacks as a share of market value | -0.1% | -0.4% | 0.0% | 0.0% | 0.2% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.3% | -36.3% | -6.3% |
| Operating income | — | — | 10.6% |
| Net income | — | — | 11.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.0% | -22.2% | -18.1% | -4.5% |
| Net margin | 9.5% | -19.3% | -17.4% | -4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 113.5 | 55.3 | -4.4 | -21.0 | -2.7 | -3.8 | 19.1 | 16.1 | 80.2 | 232.2 |
| Price to sales | 9.4 | 5.7 | 5.3 | 2.5 | 0.5 | 0.5 | 0.5 | 0.5 | 2.1 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.03 | 0.025 | 0.025 | 0.009 | 0.009 | 0.018 |
- 14-for-5 split · 23 Apr 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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