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6.56
+0.46%
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¥1.00bn
FY2016FY2025
Net income
−CN¥252.0m
FY2016FY2025
Free cash flow
−CN¥46.8m
FY2016FY2025
Shareholders' equity
CN¥760.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.00bn | CN¥1.53bn | CN¥1.60bn | CN¥1.72bn | CN¥1.32bn | CN¥1.09bn | CN¥1.00bn | CN¥830.5m | CN¥986.6m | CN¥769.9m |
| Gross profit | CN¥57.3m | CN¥170.2m | CN¥237.5m | CN¥206.7m | CN¥155.7m | CN¥130.4m | CN¥152.7m | CN¥43.7m | CN¥102.2m | CN¥90.1m |
| Research and development | CN¥29.7m | CN¥41.4m | CN¥49.8m | CN¥56.5m | CN¥42.6m | CN¥33.6m | CN¥29.8m | CN¥31.0m | CN¥30.3m | CN¥26.6m |
| Operating income | — | −CN¥162.9m | −CN¥15.5m | CN¥15.6m | CN¥23.1m | CN¥31.5m | CN¥46.6m | −CN¥85.0m | CN¥7.2m | CN¥509,789 |
| Net income | −CN¥252.0m | −CN¥224.6m | −CN¥6.9m | CN¥10.0m | CN¥18.0m | CN¥25.9m | CN¥39.1m | −CN¥90.3m | CN¥7.7m | CN¥6.6m |
| Diluted earnings per share | -0.77 | -0.71 | -0.02 | 0.03 | 0.04 | 0.09 | 0.14 | -0.35 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.54bn | CN¥2.72bn | CN¥2.86bn | CN¥2.67bn | CN¥2.19bn | CN¥1.49bn | CN¥1.24bn | CN¥991.2m | CN¥1.04bn | CN¥1.05bn |
| Cash and short-term investments | — | CN¥161.0m | CN¥140.7m | CN¥252.0m | CN¥494.7m | CN¥117.7m | CN¥80.5m | CN¥55.3m | CN¥68.2m | CN¥87.9m |
| Total liabilities | CN¥780.7m | CN¥1.66bn | CN¥1.59bn | CN¥1.43bn | CN¥969.7m | CN¥851.6m | CN¥630.5m | CN¥408.9m | CN¥388.2m | CN¥407.5m |
| Debt | CN¥81.4m | CN¥392.2m | CN¥399.8m | CN¥495.6m | CN¥401.5m | CN¥169.1m | CN¥130.6m | CN¥120.3m | CN¥47.6m | CN¥107.7m |
| Shareholders' equity | CN¥760.3m | CN¥1.01bn | CN¥1.24bn | CN¥1.24bn | CN¥1.22bn | CN¥637.7m | CN¥605.2m | CN¥582.2m | CN¥653.9m | CN¥641.5m |
| Shares outstanding | 327m | 318m | 322m | 318m | 413m | 276m | 276m | 261m | 259m | 260m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥20.0m | CN¥65.7m | CN¥83.8m | −CN¥113.2m | −CN¥88.3m | CN¥60.2m | CN¥12.0m | −CN¥50.8m | CN¥61.0m | CN¥93.4m |
| Capital spending | −CN¥26.7m | −CN¥37.0m | −CN¥145.1m | −CN¥193.0m | −CN¥22.9m | −CN¥14.7m | −CN¥17.4m | −CN¥14.0m | −CN¥16.4m | −CN¥63.5m |
| Free cash flow | −CN¥46.8m | CN¥28.7m | −CN¥61.4m | −CN¥306.2m | −CN¥111.1m | CN¥45.5m | −CN¥5.4m | −CN¥64.7m | CN¥44.6m | CN¥29.9m |
| Dividends paid | −CN¥47.5m | −CN¥46.5m | −CN¥36.3m | −CN¥46.1m | −CN¥3.5m | −CN¥14.9m | −CN¥6.8m | −CN¥4.6m | −CN¥2.2m | −CN¥14.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥238.6m | CN¥186.1m | CN¥240.8m | CN¥200.4m | CN¥232.6m | CN¥331.0m | CN¥342.2m | CN¥392.3m |
| Gross profit | CN¥20.7m | CN¥14.6m | −CN¥13.5m | CN¥13.4m | CN¥18.5m | CN¥38.9m | CN¥2.2m | CN¥25.3m |
| Operating income | −CN¥5.3m | −CN¥15.3m | −CN¥58.8m | −CN¥34.7m | −CN¥25.5m | −CN¥8.1m | −CN¥173.1m | −CN¥39.4m |
| Net income | −CN¥28.8m | −CN¥30.0m | −CN¥180.9m | −CN¥36.2m | −CN¥26.0m | −CN¥8.9m | −CN¥185.2m | −CN¥43.3m |
| Diluted earnings per share | -0.09 | -0.09 | -0.55 | -0.11 | -0.08 | -0.03 | -0.58 | -0.14 |
| Cash from operations | — | — | — | CN¥10.0m | −CN¥21.0m | −CN¥7.0m | CN¥16.0m | −CN¥110.0m |
| Capital spending | — | −CN¥2.0m | −CN¥5.0m | −CN¥2.0m | −CN¥8.0m | −CN¥9.0m | −CN¥2.0m | −CN¥11.0m |
| Free cash flow | — | — | — | CN¥8.0m | −CN¥29.0m | −CN¥16.0m | CN¥14.0m | −CN¥121.0m |
| Total assets | CN¥1.46bn | CN¥1.48bn | CN¥1.54bn | CN¥2.57bn | CN¥2.55bn | CN¥2.60bn | CN¥2.72bn | CN¥2.88bn |
| Cash and short-term investments | — | — | — | CN¥96.8m | CN¥87.7m | CN¥92.6m | CN¥161.0m | CN¥136.3m |
| Debt | CN¥82.1m | CN¥82.7m | CN¥81.4m | CN¥426.3m | CN¥446.4m | CN¥413.4m | CN¥390.9m | CN¥424.0m |
| Shareholders' equity | CN¥705.5m | CN¥733.7m | CN¥760.3m | CN¥941.6m | CN¥972.7m | CN¥998.1m | CN¥1.01bn | CN¥1.19bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.7% | 11.1% | 14.8% | 12.0% | 11.8% | 12.0% |
| Operating margin | -19.4% | -14.2% | 1.6% | 3.2% | 3.1% | 4.1% |
| Net margin | -25.1% | -14.7% | -0.4% | 0.6% | 1.4% | 2.4% |
| Return on equity | -33.2% | -22.3% | -0.6% | 0.8% | 1.5% | 4.1% |
| Return on assets | -16.3% | -8.3% | -0.2% | 0.4% | 0.8% | 1.7% |
| Free cash flow yield | 0.3% | 4.8% | 10.5% | 3.7% | -2.3% | 4.0% |
| Revenue growth | -34.3% | -4.7% | -7.0% | 30.6% | 21.2% | 8.8% |
| Earnings growth | 12.2% | 3147.5% | -168.8% | -44.2% | -30.7% | -33.6% |
| Current ratio | 0.93x | 1.01x | 1.15x | 1.30x | 1.80x | 1.07x |
| Debt to equity | 0.11x | 0.39x | 0.31x | 0.28x | 0.24x | 0.27x |
| Equity ratio | 49.3% | 37.1% | 43.3% | 46.6% | 55.7% | 42.8% |
| Interest coverage | -3.93x | -530.91x | 0.67x | 1.32x | 2.21x | 3.33x |
| R&D as a share of sales | 3.0% | 2.7% | 3.1% | 3.3% | 3.2% | 3.1% |
| Buybacks as a share of market value | -3.0% | 1.4% | -1.2% | 22.9% | -49.5% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.5% | -1.6% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.0% | 11.5% | 11.6% | 11.6% |
| Net margin | -18.8% | -8.1% | -5.2% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -9.8 | -476.4 | 442.2 | 338.9 | 103.0 | 48.1 | -18.6 | — | — |
| Price to sales | 2.8 | 1.4 | 2.0 | 2.6 | 4.6 | 2.5 | 1.9 | 2.0 | 3.9 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2024.
| FY2024 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.019 | 0.013 | 0.029 | 0.036 | 0.143 | 0.143 |
- 7-for-5 split · 28 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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