L 
10.08
-1.37%
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¥497.2m
FY2016FY2025
Net income
−CN¥6.6m
FY2016FY2025
Free cash flow
CN¥64.9m
FY2016FY2025
Shareholders' equity
CN¥517.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥497.2m | CN¥440.7m | CN¥405.2m | CN¥258.3m | CN¥280.9m | CN¥200.1m | CN¥440.1m | CN¥375.1m | CN¥282.3m | CN¥241.0m |
| Gross profit | CN¥92.8m | CN¥98.6m | CN¥78.3m | CN¥41.9m | CN¥83.0m | CN¥34.0m | CN¥126.8m | CN¥107.6m | CN¥100.1m | CN¥80.3m |
| Research and development | CN¥6.2m | CN¥10.5m | CN¥13.0m | CN¥13.2m | CN¥14.4m | CN¥14.6m | CN¥19.1m | CN¥15.5m | CN¥14.5m | CN¥10.0m |
| Operating income | CN¥32.8m | −CN¥10.0m | −CN¥156.9m | −CN¥59.3m | CN¥21.6m | −CN¥38.7m | CN¥49.1m | CN¥51.4m | CN¥53.9m | CN¥39.0m |
| Net income | −CN¥6.6m | −CN¥38.9m | −CN¥192.9m | −CN¥77.5m | CN¥3.2m | −CN¥51.0m | CN¥24.5m | CN¥38.3m | CN¥40.7m | CN¥32.7m |
| Diluted earnings per share | -0.04 | -0.19 | -1.16 | -0.50 | 0.02 | -0.42 | 0.18 | 0.29 | 0.41 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.01bn | CN¥993.2m | CN¥1.03bn | CN¥1.03bn | CN¥1.14bn | CN¥593.5m | CN¥739.5m | CN¥588.0m | CN¥477.4m | CN¥271.9m |
| Cash and short-term investments | — | CN¥277.6m | CN¥258.7m | CN¥280.8m | CN¥445.7m | CN¥112.6m | CN¥144.8m | CN¥172.9m | CN¥77.3m | CN¥63.6m |
| Total liabilities | CN¥307.0m | CN¥318.5m | CN¥335.0m | CN¥262.8m | CN¥320.2m | CN¥162.2m | CN¥223.8m | CN¥133.2m | CN¥58.8m | CN¥40.9m |
| Debt | CN¥20.0m | CN¥175.5m | CN¥174.3m | CN¥129.2m | CN¥87.2m | CN¥63.1m | CN¥77.9m | CN¥50.0m | — | — |
| Shareholders' equity | CN¥517.3m | CN¥524.5m | CN¥586.4m | CN¥674.1m | CN¥731.0m | CN¥354.4m | CN¥439.6m | CN¥428.2m | CN¥402.5m | CN¥222.6m |
| Shares outstanding | 160m | 204m | 166m | 155m | 133m | 120m | 138m | 132m | 100m | 95m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥106.1m | CN¥105.3m | CN¥8.3m | CN¥26.5m | CN¥73.7m | CN¥71.9m | CN¥79.4m | CN¥5.8m | CN¥26.8m | CN¥54.5m |
| Capital spending | −CN¥41.2m | −CN¥42.9m | −CN¥171.3m | −CN¥33.7m | −CN¥53.3m | −CN¥24.9m | −CN¥32.4m | −CN¥34.2m | −CN¥47.4m | −CN¥19.0m |
| Free cash flow | CN¥64.9m | CN¥62.4m | −CN¥163.0m | −CN¥7.2m | CN¥20.5m | CN¥47.0m | CN¥46.9m | −CN¥28.5m | −CN¥20.7m | CN¥35.5m |
| Dividends paid | −CN¥4.6m | −CN¥6.3m | −CN¥5.6m | −CN¥5.6m | −CN¥2.0m | −CN¥1.7m | −CN¥3.8m | −CN¥13.4m | −CN¥400,000 | −CN¥4.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥157.2m | CN¥104.8m | CN¥116.9m | CN¥108.6m | CN¥163.4m | CN¥108.3m | CN¥108.1m | CN¥109.8m |
| Gross profit | CN¥34.4m | CN¥30.6m | CN¥3.1m | CN¥27.4m | CN¥29.7m | CN¥32.6m | CN¥16.8m | CN¥21.1m |
| Operating income | CN¥18.5m | CN¥17.1m | −CN¥16.7m | CN¥13.2m | CN¥11.0m | CN¥17.4m | −CN¥43.6m | CN¥2.5m |
| Net income | CN¥10.0m | CN¥6.0m | −CN¥28.7m | CN¥6.7m | CN¥8.9m | CN¥6.4m | −CN¥53.0m | CN¥423,210 |
| Diluted earnings per share | 0.06 | 0.04 | -0.18 | 0.04 | 0.06 | 0.04 | -0.26 | 0.00 |
| Cash from operations | — | — | — | CN¥11.0m | CN¥16.0m | CN¥23.0m | — | −CN¥3.0m |
| Capital spending | — | −CN¥35.0m | −CN¥18.0m | −CN¥5.0m | −CN¥11.0m | −CN¥6.0m | −CN¥35.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥6.0m | CN¥5.0m | CN¥17.0m | — | −CN¥4.0m |
| Total assets | CN¥1.37bn | CN¥1.03bn | CN¥1.01bn | CN¥1.13bn | CN¥1.07bn | CN¥1.06bn | CN¥993.2m | CN¥1.02bn |
| Cash and short-term investments | — | — | — | CN¥326.6m | CN¥297.5m | CN¥337.6m | CN¥277.6m | CN¥243.1m |
| Debt | CN¥20.0m | CN¥19.9m | CN¥20.0m | CN¥180.5m | CN¥200.3m | CN¥224.2m | CN¥160.0m | CN¥154.1m |
| Shareholders' equity | CN¥851.3m | CN¥521.5m | CN¥517.3m | CN¥544.0m | CN¥538.2m | CN¥533.7m | CN¥524.5m | CN¥580.5m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.7% | 22.4% | 19.3% | 16.2% | 29.5% | 17.0% |
| Operating margin | 4.6% | -0.8% | -38.7% | -22.7% | 8.7% | -19.4% |
| Net margin | -1.3% | -8.8% | -47.6% | -30.0% | 1.1% | -25.5% |
| Return on equity | -1.3% | -7.4% | -32.9% | -11.5% | 0.4% | -14.4% |
| Return on assets | -0.7% | -3.9% | -18.8% | -7.5% | 0.3% | -8.6% |
| Free cash flow yield | 8.4% | 6.6% | 9.9% | 3.5% | 8.7% | 7.3% |
| Revenue growth | 12.8% | 8.8% | 56.9% | -8.0% | 40.4% | -54.5% |
| Earnings growth | -82.9% | -79.9% | 149.1% | -2533.2% | -106.2% | -307.9% |
| Current ratio | 1.73x | 1.49x | 1.43x | 1.92x | 2.04x | 1.90x |
| Debt to equity | 0.04x | 0.31x | 0.28x | 0.14x | 0.07x | 0.05x |
| Equity ratio | 51.2% | 52.8% | 57.1% | 65.4% | 64.4% | 59.7% |
| Interest coverage | 3.87x | -0.47x | -20.89x | -7.73x | 6.21x | -11.19x |
| R&D as a share of sales | 1.3% | 2.4% | 3.2% | 5.1% | 5.1% | 7.3% |
| Buybacks as a share of market value | 21.5% | -23.2% | -6.7% | -16.6% | -10.9% | 13.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.4% | 20.0% | 8.5% |
| Operating income | — | — | 0.8% |
| Net income | -55.9% | -33.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.4% | 19.5% | 20.6% | 25.7% |
| Operating margin | 2.4% | -12.1% | -10.1% | 0.4% |
| Net margin | -4.9% | -19.7% | -17.5% | -5.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -361.8 | -60.1 | -16.3 | -27.7 | — | -25.2 | 84.8 | 47.3 | 47.9 |
| Price to sales | 4.8 | 5.3 | 7.8 | 8.3 | 7.3 | 6.4 | 4.7 | 4.8 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jun 2019.
| FY2019 | FY2018 | |
|---|---|---|
| Paid in the year | 0.03 | 0.10 |
- 2-for-1 split · 10 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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