B 
19.93
+4.07%
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¥3.23bn
FY2016FY2025
Net income
−CN¥146.0m
FY2016FY2025
Free cash flow
CN¥197.7m
FY2016FY2025
Shareholders' equity
CN¥2.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.23bn | CN¥2.96bn | CN¥3.01bn | CN¥3.02bn | CN¥1.85bn | CN¥1.13bn | CN¥1.03bn | CN¥926.0m | CN¥784.1m | CN¥665.9m |
| Gross profit | CN¥622.2m | CN¥605.9m | CN¥566.9m | CN¥577.9m | CN¥424.3m | CN¥213.0m | CN¥203.9m | CN¥170.1m | CN¥126.2m | CN¥90.1m |
| Research and development | CN¥212.2m | CN¥239.3m | CN¥278.3m | CN¥196.9m | CN¥46.8m | CN¥28.3m | CN¥26.0m | CN¥14.9m | CN¥13.3m | CN¥16.6m |
| Operating income | −CN¥60.2m | −CN¥170.0m | −CN¥162.2m | CN¥879.6m | CN¥231.3m | CN¥82.3m | CN¥88.0m | CN¥67.9m | CN¥56.5m | CN¥33.7m |
| Net income | −CN¥146.0m | −CN¥209.2m | −CN¥85.1m | CN¥888.8m | CN¥171.9m | CN¥55.0m | CN¥56.1m | CN¥46.8m | CN¥37.4m | CN¥30.8m |
| Diluted earnings per share | -0.49 | -0.72 | -0.28 | 2.95 | 1.04 | 0.35 | 0.36 | 0.32 | 0.25 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.53bn | CN¥4.60bn | CN¥4.83bn | CN¥5.15bn | CN¥5.27bn | CN¥1.07bn | CN¥1.02bn | CN¥934.5m | CN¥528.2m | CN¥497.0m |
| Cash and short-term investments | — | CN¥1.54bn | CN¥1.69bn | CN¥1.74bn | CN¥2.40bn | CN¥247.3m | CN¥227.7m | CN¥266.0m | CN¥150.4m | CN¥260.4m |
| Total liabilities | CN¥1.52bn | CN¥1.39bn | CN¥1.40bn | CN¥1.32bn | CN¥957.2m | CN¥475.6m | CN¥449.6m | CN¥430.1m | CN¥87.1m | CN¥71.8m |
| Debt | CN¥72.1m | CN¥136.3m | CN¥119.5m | CN¥164.6m | CN¥58.6m | CN¥43.5m | CN¥51.9m | CN¥53.1m | CN¥100,000 | — |
| Shareholders' equity | CN¥2.73bn | CN¥2.86bn | CN¥3.01bn | CN¥3.35bn | CN¥3.85bn | CN¥549.1m | CN¥526.6m | CN¥474.3m | CN¥434.6m | CN¥423.2m |
| Shares outstanding | 296m | 290m | 304m | 302m | 165m | 157m | 157m | 147m | 147m | 110m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥207.1m | CN¥43.2m | −CN¥316.3m | −CN¥130.7m | CN¥244.5m | CN¥90.8m | −CN¥24.4m | −CN¥136.3m | −CN¥46.8m | CN¥16.5m |
| Capital spending | −CN¥9.4m | −CN¥18.9m | −CN¥53.7m | −CN¥60.8m | −CN¥40.9m | −CN¥20.1m | −CN¥35.8m | −CN¥22.3m | −CN¥17.9m | −CN¥20.6m |
| Free cash flow | CN¥197.7m | CN¥24.3m | −CN¥370.0m | −CN¥191.5m | CN¥203.6m | CN¥70.6m | −CN¥60.2m | −CN¥158.6m | −CN¥64.7m | −CN¥4.0m |
| Dividends paid | −CN¥12.0m | −CN¥8.7m | −CN¥14.0m | −CN¥45.8m | −CN¥9.6m | −CN¥7.9m | −CN¥4.8m | −CN¥25.8m | −CN¥11.4m | −CN¥8.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥714.1m | CN¥623.0m | CN¥1.22bn | CN¥664.0m | CN¥733.1m | CN¥615.0m | CN¥1.01bn | CN¥601.3m |
| Gross profit | CN¥131.2m | CN¥96.1m | CN¥241.8m | CN¥124.2m | CN¥149.6m | CN¥105.0m | CN¥203.9m | CN¥127.4m |
| Operating income | −CN¥8.4m | −CN¥50.7m | CN¥49.1m | −CN¥48.3m | −CN¥27.4m | −CN¥64.5m | −CN¥19.1m | −CN¥53.3m |
| Net income | −CN¥7.0m | −CN¥35.8m | −CN¥63.8m | −CN¥32.8m | −CN¥14.8m | −CN¥34.6m | −CN¥125.3m | −CN¥31.8m |
| Diluted earnings per share | -0.02 | -0.12 | -0.22 | -0.11 | -0.05 | -0.12 | -0.43 | -0.11 |
| Cash from operations | — | — | — | CN¥51.0m | CN¥69.0m | −CN¥170.0m | — | −CN¥50.0m |
| Capital spending | −CN¥2.0m | −CN¥2.0m | −CN¥3.0m | −CN¥2.0m | −CN¥2.0m | — | −CN¥2.0m | −CN¥2.0m |
| Free cash flow | — | — | — | CN¥49.0m | CN¥67.0m | — | — | −CN¥52.0m |
| Total assets | CN¥4.38bn | CN¥4.48bn | CN¥4.53bn | CN¥4.41bn | CN¥4.46bn | CN¥4.55bn | CN¥4.60bn | CN¥4.59bn |
| Cash and short-term investments | — | — | — | CN¥1.41bn | CN¥1.39bn | CN¥1.40bn | CN¥1.54bn | CN¥1.35bn |
| Debt | CN¥69.1m | CN¥69.1m | CN¥72.1m | CN¥126.2m | CN¥116.5m | CN¥142.5m | CN¥115.6m | CN¥88.1m |
| Shareholders' equity | CN¥2.68bn | CN¥2.69bn | CN¥2.73bn | CN¥2.79bn | CN¥2.80bn | CN¥2.82bn | CN¥2.86bn | CN¥2.84bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.3% | 20.5% | 18.9% | 19.1% | 23.0% | 18.9% |
| Operating margin | -5.1% | -5.8% | -9.2% | -1.2% | 12.5% | 7.0% |
| Net margin | -4.5% | -7.1% | -2.8% | 29.4% | 9.3% | 4.9% |
| Return on equity | -5.3% | -7.3% | -2.8% | 26.5% | 4.5% | 10.0% |
| Return on assets | -3.2% | -4.6% | -1.8% | 17.2% | 3.3% | 5.2% |
| Free cash flow yield | 3.2% | 0.9% | -3.8% | -1.0% | 7.6% | 3.1% |
| Revenue growth | 9.2% | -1.7% | -0.5% | 63.5% | 63.6% | 9.7% |
| Earnings growth | -30.2% | 145.9% | -109.6% | 417.2% | 212.2% | -1.9% |
| Current ratio | 2.77x | 2.87x | 2.96x | 3.29x | 4.70x | 2.14x |
| Debt to equity | 0.03x | 0.04x | 0.11x | 0.02x | 0.00x | 0.08x |
| Equity ratio | 60.2% | 62.1% | 62.3% | 65.1% | 73.1% | 51.5% |
| Interest coverage | -22.58x | -21.56x | -32.62x | -9.63x | 76.38x | 30.80x |
| R&D as a share of sales | 6.6% | 8.1% | 9.3% | 6.5% | 2.5% | 2.5% |
| Buybacks as a share of market value | -2.1% | 4.5% | -0.7% | -82.6% | -5.4% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.2% | 23.4% | 18.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.9% | 19.4% | 19.8% | 19.2% |
| Operating margin | -3.7% | 4.0% | 5.3% | 5.6% |
| Net margin | -5.7% | 3.7% | 4.4% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -55.5 | -37.7 | -91.5 | 8.2 | 32.0 | 89.6 | 71.2 | 50.6 | 78.9 | 131.5 |
| Price to sales | 2.5 | 2.7 | 2.6 | 2.4 | 3.0 | 4.4 | 3.9 | 2.6 | 3.8 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 1 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.03 | 0.06 | 0.15 | 0.06 | 0.05 | 0.031 |
- 13-for-10 split · 11 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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