T 
6.04
-2.74%
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¥514.1m
FY2016FY2025
Net income
−CN¥55.4m
FY2016FY2025
Free cash flow
CN¥16.1m
FY2016FY2025
Shareholders' equity
CN¥1.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥514.1m | CN¥569.7m | CN¥579.3m | CN¥607.0m | CN¥736.7m | CN¥1.20bn | CN¥1.68bn | CN¥2.17bn | CN¥2.26bn | CN¥2.09bn |
| Research and development | CN¥22.3m | CN¥22.8m | CN¥30.9m | CN¥34.3m | CN¥29.2m | CN¥22.5m | CN¥36.3m | CN¥39.8m | CN¥33.9m | CN¥35.1m |
| Operating income | −CN¥57.7m | −CN¥91.7m | −CN¥88.0m | −CN¥84.7m | −CN¥61.0m | −CN¥495.7m | −CN¥193.3m | CN¥60.7m | CN¥308.4m | CN¥273.7m |
| Net income | −CN¥55.4m | −CN¥87.4m | −CN¥93.1m | −CN¥90.6m | −CN¥67.8m | −CN¥490.7m | −CN¥224.0m | CN¥8.9m | CN¥247.3m | CN¥224.5m |
| Diluted earnings per share | -0.17 | -0.28 | -0.29 | -0.28 | -0.21 | -1.54 | -0.69 | 0.25 | 1.11 | 0.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.64bn | CN¥2.74bn | CN¥2.81bn | CN¥2.97bn | CN¥3.12bn | CN¥3.65bn | CN¥4.39bn | CN¥4.67bn | CN¥4.95bn | CN¥3.39bn |
| Cash and short-term investments | — | CN¥270.4m | CN¥192.7m | CN¥278.3m | CN¥420.7m | CN¥291.7m | CN¥318.2m | CN¥327.3m | CN¥606.3m | CN¥419.0m |
| Total liabilities | CN¥685.4m | CN¥721.8m | CN¥715.2m | CN¥782.2m | CN¥840.8m | CN¥1.26bn | CN¥1.44bn | CN¥1.49bn | CN¥1.76bn | CN¥1.53bn |
| Debt | CN¥137.1m | CN¥277.1m | CN¥176.4m | CN¥267.6m | CN¥350.9m | CN¥494.4m | CN¥624.7m | CN¥688.7m | CN¥843.2m | CN¥666.1m |
| Shareholders' equity | CN¥1.95bn | CN¥2.01bn | CN¥2.09bn | CN¥2.18bn | CN¥2.27bn | CN¥2.34bn | CN¥2.90bn | CN¥3.11bn | CN¥3.13bn | CN¥1.81bn |
| Shares outstanding | 318m | 318m | 318m | 318m | 318m | 318m | 325m | 36m | 224m | 274m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥43.0m | CN¥50.1m | −CN¥24.6m | CN¥89.2m | CN¥19.0m | CN¥189.8m | CN¥144.2m | CN¥154.0m | −CN¥55.7m | CN¥506.7m |
| Capital spending | −CN¥26.9m | −CN¥50.3m | −CN¥76.7m | −CN¥73.4m | −CN¥114.4m | −CN¥92.7m | −CN¥93.2m | −CN¥234.3m | −CN¥862.2m | −CN¥426.0m |
| Free cash flow | CN¥16.1m | −CN¥125,694 | −CN¥101.3m | CN¥15.8m | −CN¥95.4m | CN¥97.1m | CN¥51.0m | −CN¥80.3m | −CN¥918.0m | CN¥80.7m |
| Dividends paid | −CN¥15.0m | −CN¥15.3m | −CN¥15.5m | −CN¥15.9m | −CN¥22.9m | −CN¥37.2m | −CN¥34.7m | −CN¥93.0m | −CN¥34.3m | −CN¥36.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥101.0m | CN¥132.0m | CN¥165.3m | CN¥116.6m | CN¥116.7m | CN¥115.5m | CN¥167.4m | CN¥120.9m |
| Operating income | −CN¥20.4m | −CN¥13.7m | CN¥1.8m | −CN¥8.2m | −CN¥23.5m | −CN¥13.4m | −CN¥55.3m | CN¥8.2m |
| Net income | −CN¥14.4m | −CN¥9.8m | −CN¥10.1m | −CN¥8.6m | −CN¥24.3m | −CN¥12.4m | −CN¥51.1m | CN¥6.8m |
| Diluted earnings per share | -0.05 | -0.03 | -0.03 | -0.03 | -0.08 | -0.04 | -0.16 | 0.02 |
| Cash from operations | — | — | — | −CN¥22.0m | −CN¥6.0m | CN¥31.0m | — | — |
| Capital spending | −CN¥8.0m | −CN¥10.0m | −CN¥7.0m | −CN¥3.0m | −CN¥6.0m | −CN¥9.0m | −CN¥2.0m | −CN¥14.0m |
| Free cash flow | — | — | — | −CN¥25.0m | −CN¥12.0m | CN¥22.0m | — | — |
| Total assets | CN¥2.57bn | CN¥2.61bn | CN¥2.64bn | CN¥2.65bn | CN¥2.66bn | CN¥2.72bn | CN¥2.74bn | CN¥2.78bn |
| Cash and short-term investments | — | — | — | CN¥278.5m | CN¥284.9m | CN¥294.5m | CN¥270.4m | CN¥243.0m |
| Debt | CN¥26.3m | CN¥16.6m | CN¥137.1m | CN¥172.0m | CN¥316.0m | CN¥379.8m | CN¥274.6m | CN¥212.5m |
| Shareholders' equity | CN¥1.93bn | CN¥1.94bn | CN¥1.95bn | CN¥1.96bn | CN¥1.97bn | CN¥1.99bn | CN¥2.01bn | CN¥2.06bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -9.8% | -14.6% | -13.7% | -11.3% | -3.9% | -41.2% |
| Net margin | -10.8% | -15.3% | -16.1% | -14.9% | -9.2% | -40.8% |
| Return on equity | -2.8% | -4.4% | -4.5% | -4.1% | -3.0% | -21.0% |
| Return on assets | -2.1% | -3.2% | -3.3% | -3.0% | -2.2% | -13.5% |
| Free cash flow yield | 4.0% | 5.7% | 3.0% | 9.2% | 7.6% | 16.0% |
| Revenue growth | -9.8% | -1.7% | -4.6% | -17.6% | -38.7% | -28.4% |
| Earnings growth | -36.6% | -6.1% | 2.8% | 33.6% | -86.2% | 119.1% |
| Current ratio | 1.64x | 1.95x | 1.52x | 1.47x | 1.95x | 1.44x |
| Debt to equity | 0.07x | 0.14x | 0.12x | 0.05x | 0.13x | 0.21x |
| Equity ratio | 73.8% | 73.3% | 74.4% | 73.5% | 72.9% | 64.2% |
| Interest coverage | -4.50x | -5.61x | -5.28x | -4.33x | -1.11x | -12.75x |
| R&D as a share of sales | 4.3% | 4.0% | 5.3% | 5.6% | 4.0% | 1.9% |
| Buybacks as a share of market value | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.4% | -15.6% | -12.0% |
| Operating income | -12.0% | -35.0% | — |
| Net income | -15.1% | -35.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.8% | -14.2% | -20.9% | -1.6% |
| Net margin | -13.2% | -14.4% | -21.0% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.8 | -16.5 | -17.5 | -18.5 | -24.5 | -3.1 | -7.8 | 34.8 | 18.4 |
| Price to sales | 3.0 | 2.5 | 2.8 | 2.8 | 2.3 | 1.3 | 1.0 | 0.1 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Aug 2018.
| FY2018 | |
|---|---|
| Paid in the year | 0.157 |
- 3-for-2 split · 22 Aug 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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