B 
14.98
+1.49%
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¥377.9m
FY2016FY2025
Net income
−CN¥109.2m
FY2016FY2025
Free cash flow
−CN¥98.2m
FY2016FY2025
Shareholders' equity
CN¥1.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥377.9m | CN¥422.9m | CN¥770.9m | CN¥1.07bn | CN¥768.1m | CN¥685.4m | CN¥398.7m | CN¥402.3m | CN¥409.6m | CN¥277.4m |
| Gross profit | CN¥88.0m | CN¥13.4m | CN¥271.6m | CN¥477.0m | CN¥361.4m | CN¥326.2m | CN¥179.7m | CN¥195.1m | CN¥197.6m | CN¥140.0m |
| Research and development | CN¥83.9m | CN¥89.3m | CN¥93.8m | CN¥97.5m | CN¥113.8m | CN¥89.9m | CN¥80.9m | CN¥66.4m | CN¥42.1m | CN¥30.9m |
| Operating income | −CN¥88.9m | −CN¥271.0m | CN¥63.1m | CN¥269.4m | CN¥198.1m | CN¥152.7m | CN¥27.5m | CN¥43.2m | CN¥94.9m | CN¥66.7m |
| Net income | −CN¥109.2m | −CN¥228.0m | CN¥54.0m | CN¥215.8m | CN¥161.1m | CN¥110.1m | CN¥12.0m | CN¥18.5m | CN¥62.7m | CN¥73.3m |
| Diluted earnings per share | -0.45 | -0.99 | 0.16 | 1.14 | 0.87 | 0.58 | 0.14 | 0.10 | 0.34 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.31bn | CN¥2.67bn | CN¥2.83bn | CN¥2.34bn | CN¥1.96bn | CN¥1.74bn | CN¥1.48bn | CN¥1.64bn | CN¥1.66bn | CN¥876.9m |
| Cash and short-term investments | — | CN¥537.0m | CN¥578.3m | CN¥195.6m | CN¥231.0m | CN¥319.7m | CN¥84.1m | CN¥162.8m | CN¥226.4m | CN¥396.6m |
| Total liabilities | CN¥623.0m | CN¥840.0m | CN¥760.4m | CN¥871.1m | CN¥768.9m | CN¥581.2m | CN¥514.2m | CN¥660.5m | CN¥768.9m | CN¥167.8m |
| Debt | — | CN¥252.2m | CN¥176.1m | CN¥257.4m | CN¥192.4m | CN¥182.2m | CN¥193.2m | CN¥250.8m | CN¥188.2m | CN¥18.8m |
| Shareholders' equity | CN¥1.57bn | CN¥1.70bn | CN¥1.93bn | CN¥1.33bn | CN¥1.08bn | CN¥1.02bn | CN¥867.4m | CN¥852.2m | CN¥780.9m | CN¥705.9m |
| Shares outstanding | 242m | 230m | 333m | 189m | 185m | 190m | 85m | 189m | 184m | 141m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥93.4m | −CN¥101.6m | −CN¥20.0m | −CN¥38.9m | CN¥42.7m | CN¥193.4m | CN¥26.4m | −CN¥50.9m | −CN¥55.4m | CN¥79.4m |
| Capital spending | −CN¥4.7m | −CN¥5.4m | −CN¥13.1m | −CN¥3.8m | −CN¥9.0m | −CN¥30.7m | −CN¥8.1m | −CN¥34.0m | −CN¥26.9m | −CN¥39.8m |
| Free cash flow | −CN¥98.2m | −CN¥107.0m | −CN¥33.1m | −CN¥42.7m | CN¥33.7m | CN¥162.7m | CN¥18.3m | −CN¥84.9m | −CN¥82.3m | CN¥39.6m |
| Dividends paid | −CN¥3.1m | −CN¥13.9m | −CN¥65.5m | −CN¥23.2m | −CN¥15.5m | −CN¥9.5m | −CN¥10.2m | −CN¥11.7m | −CN¥16.1m | −CN¥6.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥39.7m | CN¥53.3m | CN¥111.5m | CN¥118.3m | CN¥60.3m | CN¥87.8m | CN¥191.2m | CN¥92.5m |
| Gross profit | CN¥15.7m | CN¥11.7m | CN¥36.1m | CN¥4.5m | CN¥22.2m | CN¥25.2m | −CN¥74.8m | CN¥39.5m |
| Operating income | −CN¥15.8m | −CN¥16.8m | −CN¥35.8m | CN¥43.2m | −CN¥7.9m | −CN¥17.3m | −CN¥236.8m | −CN¥11.7m |
| Net income | CN¥137.8m | −CN¥26.5m | −CN¥147.6m | CN¥54.3m | −CN¥4.2m | −CN¥11.7m | −CN¥204.0m | −CN¥7.6m |
| Diluted earnings per share | 0.57 | -0.11 | -0.61 | 0.22 | -0.02 | -0.05 | -0.89 | -0.03 |
| Cash from operations | — | — | — | −CN¥5.0m | −CN¥46.0m | −CN¥61.0m | — | −CN¥5.0m |
| Capital spending | — | — | −CN¥2.0m | −CN¥1.0m | — | — | −CN¥2.0m | — |
| Free cash flow | — | — | — | −CN¥6.0m | — | — | — | — |
| Total assets | CN¥2.31bn | CN¥2.23bn | CN¥2.31bn | CN¥2.50bn | CN¥2.54bn | CN¥2.62bn | CN¥2.67bn | CN¥2.90bn |
| Cash and short-term investments | — | — | — | CN¥271.9m | CN¥357.0m | CN¥459.5m | CN¥537.0m | CN¥416.8m |
| Debt | — | — | — | CN¥148.4m | CN¥152.6m | CN¥193.6m | CN¥203.7m | CN¥188.5m |
| Shareholders' equity | CN¥1.69bn | CN¥1.55bn | CN¥1.57bn | CN¥1.72bn | CN¥1.67bn | CN¥1.67bn | CN¥1.70bn | CN¥1.90bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 23.3% | 3.2% | 35.2% | 44.4% | 47.0% | 47.6% | — |
| Operating margin | -37.6% | -64.1% | 8.7% | 25.3% | 26.0% | 23.1% | — |
| Net margin | -28.9% | -53.9% | 7.0% | 20.1% | 21.0% | 16.1% | — |
| Return on equity | -6.9% | -13.4% | 2.8% | 16.3% | 15.0% | 10.8% | — |
| Return on assets | -4.7% | -8.5% | 1.9% | 9.2% | 8.2% | 6.3% | — |
| Free cash flow yield | -2.2% | -2.6% | -0.1% | -1.1% | 1.7% | 7.2% | — |
| Revenue growth | -10.6% | -45.1% | -28.2% | 39.9% | 12.1% | 71.9% | — |
| Earnings growth | -52.1% | -522.4% | -75.0% | 34.0% | 46.3% | 816.3% | — |
| Current ratio | 2.74x | 2.57x | 3.07x | 2.14x | 1.92x | 2.31x | — |
| Debt to equity | — | 0.12x | 0.06x | 0.15x | 0.14x | 0.18x | 0.27x |
| Equity ratio | 68.2% | 63.7% | 68.1% | 56.7% | 54.8% | 58.9% | — |
| Interest coverage | -29.66x | -37.23x | 10.14x | 37.81x | 30.99x | 11.62x | — |
| R&D as a share of sales | 22.2% | 21.1% | 12.2% | 9.1% | 14.8% | 13.1% | — |
| Buybacks as a share of market value | -5.4% | 31.1% | -76.2% | -2.1% | 2.6% | -123.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.4% | -11.2% | 4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.7% | 32.1% | 37.5% | 40.6% |
| Operating margin | -44.9% | -1.0% | 7.9% | 10.5% |
| Net margin | -42.1% | -2.6% | 5.0% | 7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -69.6 | -19.1 | 166.8 | 25.1 | 37.8 | 62.1 | 128.6 | 152.9 | 66.3 | 54.6 |
| Price to sales | 20.1 | 10.3 | 11.7 | 5.0 | 7.9 | 10.0 | 3.9 | 7.0 | 10.2 | 14.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | |
|---|---|---|---|---|---|
| Paid in the year | 0.36 | 0.125 | 0.083 | 0.017 | 0.083 |
- 6-for-5 split · 4 Jul 2023
- 2-for-1 split · 13 Apr 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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