B 
13.30
-1.70%
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¥1.53bn
FY2016FY2025
Net income
−CN¥37.3m
FY2016FY2025
Free cash flow
−CN¥65.4m
FY2016FY2025
Shareholders' equity
CN¥1.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.53bn | CN¥1.73bn | CN¥1.84bn | CN¥977.8m | CN¥526.7m | CN¥403.2m | CN¥398.1m | CN¥353.1m | CN¥300.3m | CN¥249.1m |
| Research and development | CN¥72.3m | CN¥76.7m | CN¥72.4m | CN¥39.2m | CN¥28.0m | CN¥14.6m | CN¥14.2m | CN¥11.7m | CN¥9.6m | CN¥9.8m |
| Operating income | CN¥75.5m | CN¥61.0m | CN¥120.6m | CN¥154.9m | CN¥81.0m | CN¥54.5m | CN¥74.4m | CN¥67.2m | CN¥59.6m | CN¥46.1m |
| Net income | −CN¥37.3m | CN¥50.4m | CN¥133.1m | CN¥130.5m | CN¥69.8m | CN¥41.6m | CN¥61.7m | CN¥55.7m | CN¥50.7m | CN¥41.2m |
| Diluted earnings per share | -0.15 | 0.20 | 0.51 | 0.61 | 0.33 | 0.20 | 0.30 | 0.30 | 0.24 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.38bn | CN¥2.55bn | CN¥2.70bn | CN¥1.97bn | CN¥1.01bn | CN¥785.4m | CN¥787.5m | CN¥808.4m | CN¥693.7m | CN¥458.5m |
| Cash and short-term investments | — | CN¥548.2m | CN¥712.5m | CN¥201.7m | CN¥62.1m | CN¥79.1m | CN¥57.6m | CN¥109.6m | CN¥52.1m | CN¥35.0m |
| Total liabilities | CN¥1.06bn | CN¥1.16bn | CN¥1.19bn | CN¥1.19bn | CN¥423.2m | CN¥300.7m | CN¥198.7m | CN¥142.0m | CN¥83.3m | CN¥55.7m |
| Debt | CN¥176.3m | CN¥416.9m | CN¥407.7m | CN¥389.1m | CN¥136.0m | CN¥152.9m | CN¥37.5m | CN¥38.3m | CN¥4.9m | CN¥24.9m |
| Shareholders' equity | CN¥1.32bn | CN¥1.38bn | CN¥1.45bn | CN¥704.9m | CN¥590.2m | CN¥484.7m | CN¥588.9m | CN¥666.4m | CN¥610.4m | CN¥402.8m |
| Shares outstanding | 247m | 247m | 261m | 215m | 211m | 206m | 209m | 183m | 215m | 161m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥86.3m | CN¥147.9m | CN¥123.6m | CN¥140.9m | CN¥175.5m | CN¥84.8m | CN¥30.2m | CN¥71.6m | CN¥90.9m | CN¥85.3m |
| Capital spending | −CN¥151.8m | −CN¥188.5m | −CN¥157.4m | −CN¥26.8m | −CN¥30.7m | −CN¥24.3m | −CN¥68.5m | −CN¥69.3m | −CN¥52.8m | −CN¥9.2m |
| Free cash flow | −CN¥65.4m | −CN¥40.7m | −CN¥33.9m | CN¥114.1m | CN¥144.9m | CN¥60.5m | −CN¥38.3m | CN¥2.3m | CN¥38.1m | CN¥76.1m |
| Dividends paid | −CN¥29.9m | −CN¥51.9m | −CN¥11.5m | −CN¥31.5m | −CN¥20.0m | −CN¥63.0m | −CN¥140.0m | −CN¥16.7m | −CN¥21.3m | −CN¥22.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥423.4m | CN¥412.5m | CN¥383.7m | CN¥385.3m | CN¥403.6m | CN¥355.1m | CN¥414.8m | CN¥454.5m |
| Operating income | CN¥34.3m | CN¥38.6m | CN¥10.9m | CN¥15.9m | CN¥24.4m | CN¥10.5m | CN¥12.2m | CN¥7.6m |
| Net income | CN¥3.7m | CN¥24.5m | −CN¥95.1m | CN¥17.3m | CN¥25.7m | CN¥15.0m | −CN¥15.6m | CN¥11.6m |
| Diluted earnings per share | 0.01 | 0.10 | -0.38 | 0.07 | 0.10 | 0.06 | -0.06 | 0.05 |
| Cash from operations | — | — | — | −CN¥35.0m | CN¥78.0m | CN¥15.0m | CN¥58.0m | −CN¥50.0m |
| Capital spending | −CN¥34.0m | −CN¥31.0m | −CN¥49.0m | −CN¥29.0m | −CN¥27.0m | −CN¥45.0m | −CN¥56.0m | −CN¥58.0m |
| Free cash flow | — | — | — | −CN¥64.0m | CN¥51.0m | −CN¥30.0m | CN¥2.0m | −CN¥108.0m |
| Total assets | CN¥2.47bn | CN¥2.47bn | CN¥2.38bn | CN¥2.50bn | CN¥2.49bn | CN¥2.48bn | CN¥2.55bn | CN¥2.59bn |
| Cash and short-term investments | — | — | — | CN¥474.1m | CN¥537.7m | CN¥522.9m | CN¥548.2m | CN¥552.3m |
| Debt | CN¥96.5m | CN¥127.8m | CN¥176.3m | CN¥359.4m | CN¥349.9m | CN¥364.3m | CN¥364.4m | CN¥332.2m |
| Shareholders' equity | CN¥1.35bn | CN¥1.34bn | CN¥1.32bn | CN¥1.42bn | CN¥1.40bn | CN¥1.40bn | CN¥1.38bn | CN¥1.41bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.2% | 4.4% | 7.2% | 16.8% | 16.4% | 13.4% |
| Net margin | -2.4% | 2.9% | 7.2% | 13.3% | 13.3% | 10.3% |
| Return on equity | -2.8% | 3.7% | 9.2% | 18.5% | 11.8% | 8.6% |
| Return on assets | -1.6% | 2.0% | 4.9% | 6.6% | 6.9% | 5.3% |
| Free cash flow yield | 7.0% | 10.0% | 7.9% | 5.7% | 7.1% | 3.9% |
| Revenue growth | -11.7% | -6.2% | 88.7% | 85.6% | 30.6% | 1.3% |
| Earnings growth | -173.9% | -62.1% | 2.0% | 86.9% | 68.0% | -32.7% |
| Current ratio | 1.66x | 1.67x | 1.72x | 0.97x | 1.00x | 1.33x |
| Debt to equity | 0.13x | 0.26x | 0.24x | 0.53x | 0.12x | 0.32x |
| Equity ratio | 55.5% | 54.3% | 53.6% | 35.8% | 58.2% | 61.7% |
| Interest coverage | -0.23x | 4.82x | 9.32x | 14.86x | 13.48x | 15.94x |
| R&D as a share of sales | 4.7% | 4.4% | 3.9% | 4.0% | 5.3% | 3.6% |
| Buybacks as a share of market value | -0.3% | 5.4% | -21.0% | -2.2% | -2.5% | 1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.0% | 30.5% | 20.1% |
| Operating income | -21.3% | 6.7% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.2% | 6.8% | 7.8% | 9.8% |
| Net margin | 0.4% | 4.6% | 5.5% | 7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -133.0 | 104.3 | 51.9 | 33.5 | 30.8 | 38.8 | 27.7 | 17.6 | 41.5 |
| Price to sales | 3.2 | 3.0 | 3.8 | 4.5 | 4.1 | 4.0 | 4.3 | 2.8 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.15 | 0.10 | 0.30 | 0.667 | 0.10 | 0.10 |
- 3-for-2 split · 31 May 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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