X 
11.84
-2.23%
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¥1.14bn
FY2016FY2025
Net income
−CN¥23.8m
FY2016FY2025
Free cash flow
CN¥55.2m
FY2016FY2025
Shareholders' equity
CN¥492.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.14bn | CN¥1.53bn | CN¥950.1m | CN¥1.24bn | CN¥1.30bn | CN¥1.13bn | CN¥1.20bn | CN¥948.6m | CN¥1.02bn | CN¥549.9m |
| Gross profit | CN¥53.5m | CN¥69.9m | CN¥75.1m | CN¥84.7m | CN¥132.5m | CN¥95.7m | CN¥100.3m | CN¥87.6m | CN¥108.4m | CN¥73.4m |
| Research and development | — | — | — | — | CN¥220,880 | CN¥1.2m | CN¥2.5m | CN¥2.4m | CN¥2.5m | CN¥2.0m |
| Operating income | −CN¥29.4m | CN¥16.7m | CN¥16.5m | CN¥30.3m | CN¥75.1m | CN¥33.4m | CN¥30.6m | CN¥9.7m | CN¥53.7m | CN¥37.2m |
| Net income | −CN¥23.8m | CN¥8.9m | −CN¥43.4m | CN¥3.5m | CN¥40.1m | CN¥29.3m | CN¥19.8m | CN¥5.8m | CN¥41.2m | CN¥35.4m |
| Diluted earnings per share | -0.16 | 0.06 | -0.29 | 0.02 | 0.26 | 0.20 | 0.15 | 0.04 | 0.28 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥980.4m | CN¥1.15bn | CN¥837.6m | CN¥1.11bn | CN¥1.06bn | CN¥942.6m | CN¥895.5m | CN¥1.00bn | CN¥783.5m | CN¥653.1m |
| Cash and short-term investments | CN¥80.7m | CN¥143.1m | CN¥171.3m | CN¥303.7m | CN¥259.0m | CN¥137.3m | CN¥67.9m | CN¥117.1m | CN¥69.4m | CN¥75.9m |
| Total liabilities | CN¥480.1m | CN¥620.7m | CN¥302.1m | CN¥533.3m | CN¥474.4m | CN¥449.7m | CN¥425.0m | CN¥541.8m | CN¥331.5m | CN¥237.3m |
| Debt | CN¥323.2m | CN¥400.9m | CN¥144.3m | CN¥408.1m | CN¥324.0m | CN¥262.0m | CN¥221.8m | CN¥189.2m | CN¥224.9m | CN¥77.3m |
| Shareholders' equity | CN¥492.3m | CN¥519.0m | CN¥513.4m | CN¥556.8m | CN¥565.6m | CN¥485.9m | CN¥461.0m | CN¥441.7m | CN¥445.6m | CN¥411.9m |
| Shares outstanding | 152m | 152m | 152m | 153m | 152m | 150m | 136m | 137m | 149m | 146m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥56.6m | −CN¥307.0m | CN¥106.7m | CN¥355,655 | CN¥75.6m | −CN¥6.9m | −CN¥34.6m | CN¥112.9m | −CN¥72.7m | −CN¥31.3m |
| Capital spending | −CN¥1.4m | −CN¥2.6m | −CN¥3.5m | −CN¥5.5m | −CN¥15.8m | −CN¥2.6m | −CN¥7.2m | −CN¥23.8m | −CN¥40.5m | −CN¥6.2m |
| Free cash flow | CN¥55.2m | −CN¥309.6m | CN¥103.2m | −CN¥5.1m | CN¥59.8m | −CN¥9.5m | −CN¥41.8m | CN¥89.1m | −CN¥113.2m | −CN¥37.5m |
| Dividends paid | −CN¥19.8m | −CN¥11.6m | −CN¥12.2m | −CN¥12.1m | −CN¥5.9m | −CN¥4.1m | −CN¥1.2m | −CN¥21.7m | −CN¥13.2m | −CN¥6.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥291.3m | CN¥233.0m | CN¥354.9m | CN¥276.3m | CN¥259.8m | CN¥245.8m | CN¥518.5m | CN¥518.0m |
| Gross profit | CN¥14.9m | CN¥19.0m | CN¥27.4m | CN¥2.4m | CN¥11.2m | CN¥12.5m | CN¥11.7m | CN¥25.5m |
| Operating income | −CN¥2.3m | CN¥10.9m | −CN¥21.1m | −CN¥4.4m | −CN¥5.5m | CN¥5.4m | −CN¥9.1m | CN¥11.4m |
| Net income | −CN¥9.4m | CN¥1.8m | −CN¥11.2m | −CN¥6.3m | −CN¥8.3m | CN¥1.9m | −CN¥9.2m | CN¥10.2m |
| Diluted earnings per share | -0.06 | 0.01 | -0.07 | -0.04 | -0.05 | 0.01 | -0.06 | 0.07 |
| Cash from operations | — | — | −CN¥58.0m | −CN¥40.0m | CN¥154.0m | — | — | −CN¥124.0m |
| Capital spending | — | — | — | — | — | — | −CN¥1.0m | — |
| Total assets | CN¥1.10bn | CN¥1.04bn | CN¥980.4m | CN¥1.03bn | CN¥1.04bn | CN¥1.19bn | CN¥1.15bn | CN¥1.20bn |
| Cash and short-term investments | — | — | CN¥80.7m | CN¥144.2m | CN¥227.5m | CN¥198.4m | CN¥143.1m | CN¥119.2m |
| Debt | — | — | CN¥323.1m | CN¥304.9m | CN¥347.1m | CN¥456.7m | CN¥400.9m | CN¥405.7m |
| Shareholders' equity | CN¥484.7m | CN¥494.1m | CN¥492.3m | CN¥501.7m | CN¥508.1m | CN¥520.9m | CN¥519.0m | CN¥528.2m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 4.7% | 4.6% | 7.9% | 6.8% | 10.2% | 8.5% | — | — | — | — |
| Operating margin | -1.2% | 1.9% | -1.7% | 3.3% | 5.8% | 4.0% | — | — | — | — |
| Net margin | -2.1% | 0.6% | -4.6% | 0.3% | 3.1% | 2.6% | — | — | — | — |
| Return on equity | -4.8% | 1.7% | -8.4% | 0.6% | 7.1% | 6.0% | — | — | — | — |
| Return on assets | -2.4% | 0.8% | -5.2% | 0.3% | 3.8% | 3.1% | — | — | — | — |
| Free cash flow yield | 3.0% | -15.6% | 5.7% | 0.3% | 4.7% | -0.2% | — | — | — | — |
| Revenue growth | -25.7% | 61.0% | -23.5% | -4.7% | 15.1% | -5.7% | — | — | — | — |
| Earnings growth | -367.3% | -120.6% | -1342.1% | -91.3% | 36.9% | 47.8% | — | — | — | — |
| Current ratio | 1.69x | 1.72x | 2.79x | 1.80x | 1.98x | 1.89x | — | — | — | — |
| Debt to equity | 0.66x | 0.77x | 0.28x | 0.73x | 0.57x | 0.47x | — | — | — | — |
| Equity ratio | 50.2% | 45.2% | 61.3% | 50.2% | 53.5% | 51.5% | — | — | — | — |
| Interest coverage | -0.91x | 1.58x | -1.16x | 2.06x | 4.51x | 3.80x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | 0.0% | 0.1% | 0.2% | 0.3% | 0.2% | 0.4% |
| Buybacks as a share of market value | -0.1% | -0.0% | 0.6% | -0.5% | -1.6% | -9.9% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | 0.1% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.6% | 5.8% | 7.0% | 8.4% |
| Operating margin | -0.5% | 0.7% | 2.0% | 2.7% |
| Net margin | -0.6% | -1.1% | 0.2% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -100.6 | 176.0 | -43.0 | — | 40.4 | 50.2 | 96.9 | 198.7 | 57.5 | 134.5 |
| Price to sales | 2.1 | 1.0 | 2.0 | 2.2 | 1.2 | 1.3 | 1.6 | 1.2 | 2.3 | 8.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 25 Jun 2025.
| FY2025 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.079 | 0.04 | 0.028 | 0.008 | 0.061 | 0.051 |
- 7-for-5 split · 2 Jul 2024
- 7-for-5 split · 26 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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