Y 
11.84
-0.84%
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¥842.9m
FY2016FY2025
Net income
−CN¥70.3m
FY2016FY2025
Free cash flow
−CN¥96.1m
FY2016FY2025
Shareholders' equity
CN¥1.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥842.9m | CN¥815.2m | CN¥754.2m | CN¥724.9m | CN¥1.05bn | CN¥1.21bn | CN¥1.11bn | CN¥896.4m | CN¥721.7m | CN¥605.7m |
| Gross profit | CN¥156.8m | CN¥142.7m | CN¥115.6m | CN¥116.3m | CN¥188.5m | CN¥264.2m | CN¥267.3m | CN¥220.7m | CN¥217.3m | CN¥195.9m |
| Research and development | CN¥45.8m | CN¥50.8m | CN¥44.1m | CN¥49.9m | CN¥89.9m | CN¥82.9m | CN¥56.3m | CN¥43.7m | CN¥40.2m | CN¥29.5m |
| Operating income | — | CN¥31.3m | −CN¥58.6m | −CN¥99.1m | −CN¥29.4m | CN¥56.1m | CN¥80.7m | CN¥74.2m | CN¥92.9m | CN¥114.4m |
| Net income | −CN¥70.3m | CN¥13.5m | −CN¥79.0m | −CN¥117.6m | −CN¥36.3m | CN¥44.9m | CN¥71.2m | CN¥64.5m | CN¥85.8m | CN¥104.2m |
| Diluted earnings per share | -0.38 | 0.07 | -0.50 | -0.81 | -0.25 | 0.28 | 0.44 | 0.42 | 0.54 | 0.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.55bn | CN¥1.65bn | CN¥1.64bn | CN¥1.58bn | CN¥1.67bn | CN¥1.76bn | CN¥1.39bn | CN¥1.43bn | CN¥1.19bn | CN¥686.5m |
| Cash and short-term investments | — | CN¥316.9m | CN¥411.6m | CN¥409.8m | CN¥422.9m | CN¥514.8m | CN¥298.9m | CN¥219.9m | CN¥327.4m | CN¥147.4m |
| Total liabilities | CN¥482.1m | CN¥493.2m | CN¥799.2m | CN¥667.3m | CN¥635.3m | CN¥685.9m | CN¥333.1m | CN¥435.6m | CN¥145.8m | CN¥124.3m |
| Debt | CN¥134.7m | CN¥161.4m | CN¥503.6m | CN¥445.5m | CN¥382.7m | CN¥366.8m | CN¥57.0m | CN¥40.9m | — | CN¥4.2m |
| Shareholders' equity | CN¥1.06bn | CN¥1.16bn | CN¥844.0m | CN¥917.6m | CN¥1.03bn | CN¥1.08bn | CN¥1.05bn | CN¥996.2m | CN¥1.04bn | CN¥562.2m |
| Shares outstanding | 184m | 205m | 159m | 144m | 148m | 160m | 164m | 152m | 159m | 123m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥46.8m | −CN¥14.3m | CN¥51.6m | CN¥55.6m | CN¥91.8m | CN¥145.3m | CN¥152.8m | CN¥7.4m | CN¥64.4m | CN¥94.9m |
| Capital spending | −CN¥143.0m | −CN¥127.9m | −CN¥117.1m | −CN¥121.0m | −CN¥139.3m | −CN¥205.0m | −CN¥119.9m | −CN¥90.6m | −CN¥63.2m | −CN¥57.4m |
| Free cash flow | −CN¥96.1m | −CN¥142.2m | −CN¥65.5m | −CN¥65.4m | −CN¥47.6m | −CN¥59.7m | CN¥32.9m | −CN¥83.1m | CN¥1.3m | CN¥37.5m |
| Dividends paid | −CN¥24.9m | −CN¥37.2m | −CN¥12.1m | −CN¥5.6m | −CN¥9.1m | −CN¥23.7m | −CN¥24.3m | −CN¥37.0m | −CN¥61.3m | −CN¥27.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥237.5m | CN¥206.7m | CN¥212.6m | CN¥235.7m | CN¥230.4m | CN¥164.2m | CN¥219.2m | CN¥236.6m |
| Gross profit | CN¥39.3m | CN¥31.0m | CN¥42.3m | CN¥50.8m | CN¥39.1m | CN¥24.6m | CN¥34.3m | CN¥46.1m |
| Operating income | −CN¥13.5m | −CN¥16.4m | −CN¥14.4m | −CN¥7.4m | −CN¥6.1m | −CN¥18.5m | CN¥45.8m | −CN¥10.3m |
| Net income | −CN¥29.8m | −CN¥27.1m | −CN¥34.6m | −CN¥9.2m | −CN¥9.1m | −CN¥17.4m | CN¥46.2m | −CN¥13.0m |
| Diluted earnings per share | -0.16 | -0.15 | -0.19 | -0.05 | -0.05 | -0.09 | 0.23 | -0.06 |
| Cash from operations | — | — | — | CN¥24.0m | CN¥14.0m | −CN¥8.0m | — | CN¥18.0m |
| Capital spending | −CN¥19.0m | −CN¥27.0m | −CN¥34.0m | −CN¥40.0m | −CN¥18.0m | −CN¥49.0m | −CN¥17.0m | −CN¥39.0m |
| Free cash flow | — | — | — | −CN¥16.0m | −CN¥4.0m | −CN¥57.0m | — | −CN¥21.0m |
| Total assets | CN¥1.58bn | CN¥1.55bn | CN¥1.55bn | CN¥1.60bn | CN¥1.62bn | CN¥1.58bn | CN¥1.65bn | CN¥1.70bn |
| Cash and short-term investments | — | — | — | CN¥217.5m | CN¥233.6m | CN¥259.1m | CN¥316.9m | CN¥327.0m |
| Debt | CN¥129.1m | CN¥132.8m | CN¥134.7m | CN¥47.9m | CN¥159.9m | CN¥160.7m | CN¥158.6m | CN¥497.1m |
| Shareholders' equity | CN¥1.00bn | CN¥1.03bn | CN¥1.06bn | CN¥1.10bn | CN¥1.11bn | CN¥1.14bn | CN¥1.16bn | CN¥803.8m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.6% | 17.5% | 15.3% | 16.0% | 18.0% | 21.9% |
| Operating margin | -7.1% | 3.8% | -7.6% | -13.7% | -2.6% | 5.5% |
| Net margin | -8.3% | 1.7% | -10.5% | -16.2% | -3.5% | 3.7% |
| Return on equity | -6.6% | 1.2% | -9.4% | -12.8% | -3.5% | 4.2% |
| Return on assets | -4.5% | 0.8% | -4.8% | -7.4% | -2.2% | 2.6% |
| Free cash flow yield | 8.0% | 4.3% | 8.2% | 9.5% | 12.2% | 17.0% |
| Revenue growth | 3.4% | 8.1% | 4.0% | -30.7% | -13.3% | 9.0% |
| Earnings growth | -622.4% | -117.0% | -32.8% | 223.6% | -180.9% | -36.9% |
| Current ratio | 1.63x | 1.96x | 2.36x | 2.72x | 2.83x | 2.92x |
| Debt to equity | 0.13x | 0.14x | 0.61x | 0.45x | 0.35x | 0.33x |
| Equity ratio | 68.8% | 70.2% | 51.4% | 57.9% | 61.9% | 61.1% |
| Interest coverage | -10.60x | 1.93x | -3.34x | -6.35x | -1.50x | 5.19x |
| R&D as a share of sales | 5.4% | 6.2% | 5.9% | 6.9% | 8.6% | 6.9% |
| Buybacks as a share of market value | 10.0% | -28.6% | -10.4% | 2.2% | 7.7% | 2.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | -6.9% | 0.9% |
| Net income | -15.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.1% | 16.9% | 18.3% | 22.6% |
| Net margin | -3.4% | -8.1% | -4.5% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -46.7 | 214.7 | -29.9 | -12.4 | -51.6 | 54.9 | 57.0 | 33.7 | 38.5 |
| Price to sales | 3.9 | 3.5 | 3.1 | 2.0 | 1.8 | 2.0 | 3.7 | 2.4 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 May 2025.
| FY2025 | FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.15 | 0.058 | 0.154 | 0.154 | 0.231 | 0.385 |
- 13-for-10 split · 25 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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