M 
5.51
-0.72%
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¥601.0m
FY2016FY2025
Net income
−CN¥102.7m
FY2016FY2025
Free cash flow
−CN¥30.4m
FY2016FY2025
Shareholders' equity
CN¥119.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥601.0m | CN¥635.2m | CN¥708.9m | CN¥989.1m | CN¥1.15bn | CN¥875.4m | CN¥670.6m | CN¥600.2m | CN¥579.6m | CN¥559.8m |
| Gross profit | CN¥135.1m | CN¥91.6m | CN¥116.4m | −CN¥16.8m | CN¥218.4m | CN¥198.1m | CN¥206.8m | CN¥217.5m | CN¥247.7m | CN¥252.1m |
| Research and development | CN¥4.0m | CN¥4.8m | CN¥5.8m | CN¥6.6m | CN¥5.2m | CN¥5.3m | CN¥3.3m | CN¥2.5m | CN¥3.9m | CN¥1.1m |
| Operating income | −CN¥85.9m | −CN¥226.6m | −CN¥98.2m | −CN¥355.0m | CN¥26.1m | CN¥57.3m | −CN¥66.9m | −CN¥154.3m | CN¥23.9m | CN¥28.3m |
| Net income | −CN¥102.7m | −CN¥230.5m | −CN¥97.1m | −CN¥350.8m | CN¥18.5m | CN¥52.8m | −CN¥69.5m | −CN¥154.1m | CN¥18.8m | CN¥28.1m |
| Diluted earnings per share | -0.59 | -1.32 | -0.56 | -2.01 | 0.11 | 0.52 | -0.40 | -0.86 | 0.10 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥942.2m | CN¥1.09bn | CN¥1.36bn | CN¥1.41bn | CN¥1.55bn | CN¥1.42bn | CN¥1.23bn | CN¥1.32bn | CN¥1.43bn | CN¥1.36bn |
| Cash and short-term investments | — | CN¥31.7m | CN¥79.9m | CN¥191.9m | CN¥372.2m | CN¥426.8m | CN¥373.2m | CN¥320.3m | CN¥461.6m | CN¥514.2m |
| Total liabilities | CN¥831.1m | CN¥869.8m | CN¥908.1m | CN¥860.1m | CN¥672.3m | CN¥545.6m | CN¥403.6m | CN¥325.9m | CN¥273.3m | CN¥222.2m |
| Debt | CN¥11.9m | CN¥71.3m | CN¥193.2m | CN¥166.8m | CN¥209.1m | CN¥151.0m | CN¥101.3m | CN¥67.3m | CN¥70.0m | CN¥40.0m |
| Shareholders' equity | CN¥119.4m | CN¥225.3m | CN¥455.7m | CN¥556.1m | CN¥880.6m | CN¥875.0m | CN¥820.9m | CN¥989.5m | CN¥1.15bn | CN¥1.14bn |
| Shares outstanding | 175m | 174m | 174m | 174m | 170m | 101m | 174m | 180m | 196m | 165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥12.7m | CN¥4.1m | −CN¥18.6m | −CN¥5.7m | CN¥86.8m | CN¥159.0m | CN¥96.5m | CN¥14.5m | CN¥48.5m | CN¥38.1m |
| Capital spending | −CN¥17.7m | −CN¥13.1m | −CN¥94.0m | −CN¥134.4m | −CN¥134.4m | −CN¥162.6m | −CN¥124.2m | −CN¥55.2m | −CN¥48.0m | −CN¥35.1m |
| Free cash flow | −CN¥30.4m | −CN¥8.9m | −CN¥112.6m | −CN¥140.1m | −CN¥47.6m | −CN¥3.7m | −CN¥27.7m | −CN¥40.6m | CN¥471,670 | CN¥3.0m |
| Dividends paid | −CN¥4.0m | −CN¥4.7m | −CN¥4.9m | −CN¥6.2m | −CN¥5.8m | −CN¥6.0m | −CN¥3.5m | −CN¥7.0m | −CN¥9.6m | −CN¥17.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥112.4m | CN¥128.3m | CN¥137.8m | CN¥168.9m | CN¥145.6m | CN¥148.7m | CN¥158.8m | CN¥168.3m |
| Gross profit | CN¥14.7m | CN¥31.9m | CN¥26.2m | CN¥35.5m | CN¥31.9m | CN¥41.6m | CN¥17.3m | CN¥30.0m |
| Operating income | −CN¥25.2m | −CN¥14.6m | −CN¥26.4m | −CN¥35.8m | CN¥626,424 | CN¥336,204 | −CN¥146.4m | −CN¥21.4m |
| Net income | −CN¥33.4m | −CN¥13.2m | −CN¥69.7m | −CN¥34.6m | CN¥844,104 | CN¥702,541 | −CN¥143.5m | −CN¥22.6m |
| Diluted earnings per share | -0.19 | -0.08 | -0.40 | -0.20 | 0.00 | 0.00 | -0.82 | -0.13 |
| Cash from operations | — | — | — | −CN¥7.0m | — | CN¥4.0m | — | −CN¥3.0m |
| Capital spending | — | −CN¥1.0m | −CN¥3.0m | −CN¥3.0m | −CN¥8.0m | −CN¥3.0m | −CN¥5.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥10.0m | — | CN¥1.0m | — | −CN¥5.0m |
| Total assets | CN¥888.2m | CN¥938.2m | CN¥942.2m | CN¥1.09bn | CN¥1.08bn | CN¥1.08bn | CN¥1.09bn | CN¥1.23bn |
| Cash and short-term investments | — | — | — | CN¥20.3m | CN¥39.3m | CN¥36.3m | CN¥31.7m | CN¥43.5m |
| Debt | CN¥3.0m | CN¥16.3m | CN¥11.9m | CN¥106.3m | CN¥86.9m | CN¥58.9m | CN¥54.9m | CN¥111.0m |
| Shareholders' equity | CN¥72.9m | CN¥109.1m | CN¥119.4m | CN¥192.2m | CN¥226.8m | CN¥226.0m | CN¥225.3m | CN¥368.8m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.5% | 14.4% | 16.4% | -1.7% | 19.1% | 22.6% |
| Operating margin | -14.3% | -35.7% | -13.8% | -35.9% | 2.3% | 6.9% |
| Net margin | -17.1% | -36.3% | -13.7% | -35.5% | 1.6% | 6.0% |
| Return on equity | -86.0% | -102.3% | -21.3% | -63.1% | 2.1% | 6.0% |
| Return on assets | -10.9% | -21.2% | -7.1% | -24.8% | 1.2% | 3.7% |
| Free cash flow yield | 0.5% | 1.8% | 8.1% | 13.8% | 24.3% | 59.5% |
| Revenue growth | -5.4% | -10.4% | -28.3% | -13.7% | 30.9% | 30.5% |
| Earnings growth | -55.4% | 137.4% | -72.3% | -2000.5% | -65.0% | -175.9% |
| Current ratio | 0.21x | 0.28x | 0.45x | 0.67x | 1.31x | 1.58x |
| Debt to equity | 0.10x | 0.24x | 0.39x | 0.25x | 0.15x | 0.10x |
| Equity ratio | 12.7% | 20.7% | 33.5% | 39.4% | 56.8% | 61.6% |
| Interest coverage | -15.37x | -33.46x | -20.13x | -58.49x | 4.76x | 8.77x |
| R&D as a share of sales | 0.7% | 0.8% | 0.8% | 0.7% | 0.5% | 0.6% |
| Buybacks as a share of market value | -0.5% | -0.0% | 0.1% | -2.5% | -68.5% | 42.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.3% | -7.2% | 1.5% |
| Operating income | -37.7% | — | — |
| Net income | -33.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.3% | 11.1% | 15.0% | 24.1% |
| Operating margin | -25.3% | -26.1% | -13.8% | -9.9% |
| Net margin | -27.0% | -26.6% | -14.3% | -10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.6 | -5.9 | -20.8 | -8.3 | 96.7 | 14.5 | -29.4 | -12.7 | 182.7 | 185.8 |
| Price to sales | 2.5 | 2.1 | 2.8 | 2.9 | 1.6 | 0.9 | 3.0 | 3.3 | 5.9 | 9.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2022.
| FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.019 | 0.017 | 0.031 | 0.029 | 0.077 | 0.044 | 0.074 |
- 8-for-5 split · 6 Jul 2018
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.