Y 
6.50
-0.76%
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¥685.7m
FY2016FY2025
Net income
−CN¥139.6m
FY2016FY2025
Free cash flow
CN¥25.3m
FY2016FY2025
Shareholders' equity
CN¥379.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥685.7m | CN¥823.2m | CN¥948.2m | CN¥989.7m | CN¥1.01bn | CN¥647.7m | CN¥592.1m | CN¥644.4m | CN¥546.9m | CN¥456.0m |
| Gross profit | CN¥106.7m | CN¥81.8m | CN¥128.9m | CN¥256.8m | CN¥276.7m | CN¥195.4m | CN¥180.3m | CN¥183.5m | CN¥148.7m | CN¥134.7m |
| Research and development | CN¥20.5m | CN¥27.1m | CN¥31.3m | CN¥22.4m | CN¥18.7m | CN¥14.1m | CN¥18.6m | CN¥16.0m | CN¥15.6m | CN¥16.1m |
| Operating income | −CN¥54.2m | −CN¥318.2m | −CN¥162.7m | −CN¥6.3m | CN¥37.0m | CN¥29.6m | CN¥75.5m | CN¥100.1m | CN¥69.1m | CN¥80.1m |
| Net income | −CN¥139.6m | −CN¥297.3m | −CN¥156.1m | −CN¥26.2m | CN¥18.7m | CN¥12.9m | CN¥60.2m | CN¥81.3m | CN¥58.0m | CN¥67.4m |
| Diluted earnings per share | -0.29 | -0.69 | -0.33 | -0.05 | 0.03 | 0.03 | 0.15 | 0.21 | 0.15 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.41bn | CN¥1.52bn | CN¥1.88bn | CN¥1.55bn | CN¥1.51bn | CN¥1.19bn | CN¥756.5m | CN¥757.9m | CN¥760.8m | CN¥697.9m |
| Cash and short-term investments | — | CN¥209.4m | CN¥233.3m | CN¥333.2m | CN¥132.2m | CN¥113.8m | CN¥197.7m | CN¥104.6m | CN¥103.4m | CN¥64.8m |
| Total liabilities | CN¥1.08bn | CN¥1.02bn | CN¥1.08bn | CN¥725.7m | CN¥710.0m | CN¥545.0m | CN¥148.3m | CN¥109.9m | CN¥144.1m | CN¥89.2m |
| Debt | CN¥27.0m | CN¥327.7m | CN¥383.9m | CN¥399.1m | CN¥431.9m | CN¥395.1m | CN¥20.0m | — | CN¥42.1m | — |
| Shareholders' equity | CN¥379.2m | CN¥518.2m | CN¥793.2m | CN¥802.6m | CN¥770.6m | CN¥639.1m | CN¥608.2m | CN¥648.0m | CN¥616.8m | CN¥608.7m |
| Shares outstanding | 489m | 430m | 474m | 516m | 563m | 514m | 397m | 379m | 396m | 383m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥101.3m | −CN¥50.7m | CN¥23.4m | CN¥211.5m | CN¥115.2m | CN¥56.5m | CN¥73.6m | CN¥120.6m | CN¥23.9m | CN¥67.8m |
| Capital spending | −CN¥76.0m | −CN¥115.9m | −CN¥241.5m | −CN¥33.7m | −CN¥20.7m | −CN¥47.0m | −CN¥40.9m | −CN¥25.6m | −CN¥15.5m | −CN¥13.0m |
| Free cash flow | CN¥25.3m | −CN¥166.6m | −CN¥218.0m | CN¥177.9m | CN¥94.5m | CN¥9.5m | CN¥32.7m | CN¥95.0m | CN¥8.4m | CN¥54.8m |
| Dividends paid | −CN¥11.2m | −CN¥11.0m | −CN¥12.6m | −CN¥8.3m | −CN¥17.3m | −CN¥14.3m | −CN¥100.0m | −CN¥50.7m | −CN¥50.0m | −CN¥2.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥156.4m | CN¥145.6m | CN¥104.1m | CN¥214.8m | CN¥217.4m | CN¥149.5m | CN¥196.1m | CN¥206.0m |
| Gross profit | CN¥40.2m | CN¥28.8m | CN¥6.3m | CN¥45.9m | CN¥47.2m | CN¥7.3m | −CN¥30.9m | CN¥53.9m |
| Operating income | CN¥3.2m | −CN¥521,110 | −CN¥17.3m | −CN¥21.1m | −CN¥20.2m | −CN¥33.1m | −CN¥263.4m | −CN¥15.8m |
| Net income | −CN¥4.6m | CN¥68.0m | −CN¥79.1m | −CN¥22.8m | −CN¥18.0m | −CN¥19.6m | −CN¥221.1m | −CN¥20.0m |
| Diluted earnings per share | -0.01 | 0.14 | -0.16 | -0.05 | -0.04 | -0.04 | -0.51 | -0.05 |
| Cash from operations | — | — | — | CN¥48.0m | −CN¥16.0m | CN¥15.0m | — | −CN¥22.0m |
| Capital spending | −CN¥4.0m | −CN¥6.0m | −CN¥31.0m | −CN¥9.0m | −CN¥22.0m | −CN¥12.0m | −CN¥50.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥39.0m | −CN¥38.0m | CN¥3.0m | — | −CN¥25.0m |
| Total assets | CN¥966.1m | CN¥981.0m | CN¥1.41bn | CN¥1.51bn | CN¥1.55bn | CN¥1.53bn | CN¥1.52bn | CN¥1.76bn |
| Cash and short-term investments | — | — | — | CN¥269.8m | CN¥226.2m | CN¥269.4m | CN¥209.4m | CN¥217.8m |
| Debt | CN¥35.5m | CN¥30.0m | CN¥27.0m | CN¥283.0m | CN¥173.2m | CN¥183.3m | CN¥151.8m | CN¥226.7m |
| Shareholders' equity | CN¥440.5m | CN¥446.0m | CN¥379.2m | CN¥458.4m | CN¥481.2m | CN¥498.6m | CN¥518.2m | CN¥744.5m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.6% | 9.9% | 13.6% | 25.9% | 27.4% | 30.2% |
| Operating margin | -21.8% | -38.7% | -16.9% | 1.0% | 5.8% | 6.8% |
| Net margin | -20.4% | -36.1% | -16.5% | -2.6% | 1.9% | 2.0% |
| Return on equity | -36.8% | -57.4% | -19.7% | -3.3% | 2.4% | 2.0% |
| Return on assets | -9.9% | -19.6% | -8.3% | -1.7% | 1.2% | 1.1% |
| Free cash flow yield | 5.8% | 2.4% | 8.9% | 7.6% | 3.8% | 3.2% |
| Revenue growth | -16.7% | -13.2% | -4.2% | -1.9% | 55.7% | 9.4% |
| Earnings growth | -53.1% | 90.4% | 496.1% | -240.2% | 44.6% | -78.5% |
| Current ratio | 0.66x | 0.74x | 0.88x | 1.39x | 1.08x | 0.97x |
| Debt to equity | 0.07x | 0.29x | 0.32x | 0.34x | 0.33x | 0.62x |
| Equity ratio | 27.0% | 34.2% | 42.2% | 51.8% | 51.1% | 53.9% |
| Interest coverage | -7.01x | -13.15x | -6.82x | 0.49x | 2.63x | 2.91x |
| R&D as a share of sales | 3.0% | 3.3% | 3.3% | 2.3% | 1.9% | 2.2% |
| Buybacks as a share of market value | -13.8% | 9.3% | 8.2% | 8.4% | -9.6% | -29.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.5% | 1.1% | 3.7% |
| Operating income | 104.8% | — | — |
| Net income | 74.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.5% | 16.7% | 20.5% | 23.4% |
| Operating margin | -24.7% | -15.7% | -9.3% | -0.9% |
| Net margin | -28.9% | -18.0% | -11.5% | -3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.1 | -5.9 | -22.7 | -125.5 | 186.8 | 193.5 | 46.9 | 36.1 | 56.1 | 132.7 |
| Price to sales | 4.5 | 2.1 | 3.7 | 3.3 | 3.5 | 3.9 | 4.8 | 4.6 | 6.0 | 19.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Apr 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.255 | 0.128 | 0.128 |
- 7-for-5 split · 1 Jun 2023
- 7-for-5 split · 1 Jun 2022
- 2-for-1 split · 11 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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