W 
14.53
+0.07%
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.
Net income
−CN¥16.5m
FY2016FY2025
Free cash flow
−CN¥160.9m
FY2016FY2025
Shareholders' equity
CN¥5.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | CN¥85.8m | CN¥109.6m | CN¥141.4m | CN¥388.4m | CN¥132.7m | CN¥69.9m | CN¥37.0m | CN¥27.1m | CN¥25.6m | CN¥21.0m |
| Operating income | −CN¥105.9m | CN¥41.2m | CN¥145.2m | CN¥5.08bn | CN¥1.70bn | CN¥562.3m | CN¥41.5m | CN¥68.3m | CN¥75.7m | CN¥67.1m |
| Net income | −CN¥16.5m | CN¥74.5m | CN¥74.9m | CN¥4.21bn | CN¥1.41bn | CN¥468.9m | CN¥41.5m | CN¥61.4m | CN¥65.5m | CN¥59.7m |
| Diluted earnings per share | -0.07 | 0.36 | 0.35 | 18.48 | 6.43 | 2.20 | 0.20 | 0.30 | 0.42 | 1.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.98bn | CN¥6.59bn | CN¥7.39bn | CN¥9.19bn | CN¥3.42bn | CN¥1.43bn | CN¥638.4m | CN¥617.1m | CN¥256.5m | CN¥197.1m |
| Cash and short-term investments | — | CN¥558.0m | CN¥1.14bn | CN¥4.51bn | CN¥1.89bn | CN¥869.1m | CN¥370.5m | CN¥267.6m | CN¥124.7m | CN¥95.3m |
| Total liabilities | CN¥324.6m | CN¥574.4m | CN¥1.09bn | CN¥2.42bn | CN¥567.0m | CN¥311.8m | CN¥22.8m | CN¥24.6m | CN¥13.6m | CN¥22.1m |
| Debt | — | CN¥8.8m | CN¥41.9m | CN¥203.6m | CN¥44.4m | CN¥141.5m | — | CN¥5.4m | — | CN¥6.7m |
| Shareholders' equity | CN¥5.53bn | CN¥5.83bn | CN¥6.03bn | CN¥6.50bn | CN¥2.79bn | CN¥1.10bn | CN¥609.7m | CN¥588.2m | CN¥240.6m | CN¥175.1m |
| Shares outstanding | 242m | 210m | 216m | 228m | 220m | 213m | 210m | 204m | 154m | 50m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥70.1m | −CN¥85.0m | CN¥392.5m | CN¥4.01bn | CN¥1.13bn | CN¥359.7m | CN¥22.5m | CN¥53.7m | CN¥46.5m | CN¥58.9m |
| Capital spending | −CN¥90.9m | −CN¥184.8m | −CN¥110.0m | −CN¥313.4m | −CN¥103.6m | −CN¥28.3m | −CN¥31.9m | −CN¥47.5m | −CN¥45.5m | −CN¥40.3m |
| Free cash flow | −CN¥160.9m | −CN¥269.8m | CN¥282.5m | CN¥3.70bn | CN¥1.02bn | CN¥331.4m | −CN¥9.5m | CN¥6.2m | CN¥979,443 | CN¥18.6m |
| Dividends paid | −CN¥263.3m | −CN¥47.4m | −CN¥582.5m | −CN¥548.8m | −CN¥282.9m | −CN¥6.7m | −CN¥20.0m | −CN¥26.6m | −CN¥26.6m | −CN¥26.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −CN¥17.9m | −CN¥9.4m | −CN¥25.6m | −CN¥26.6m | CN¥11.9m | −CN¥2.4m | −CN¥41.1m | CN¥12.2m |
| Net income | −CN¥21.5m | −CN¥377,402 | −CN¥30.0m | CN¥1.0m | CN¥16.2m | −CN¥3.7m | −CN¥6.4m | CN¥15.8m |
| Diluted earnings per share | -0.09 | -0.00 | -0.12 | 0.00 | 0.07 | -0.02 | -0.03 | 0.08 |
| Cash from operations | — | — | — | CN¥15.0m | −CN¥57.0m | −CN¥28.0m | — | CN¥35.0m |
| Capital spending | −CN¥6.0m | −CN¥16.0m | −CN¥27.0m | −CN¥9.0m | −CN¥10.0m | −CN¥44.0m | −CN¥38.0m | −CN¥31.0m |
| Free cash flow | — | — | — | CN¥6.0m | −CN¥67.0m | −CN¥72.0m | — | CN¥4.0m |
| Total assets | CN¥5.78bn | CN¥6.02bn | CN¥5.98bn | CN¥6.10bn | CN¥6.15bn | CN¥6.50bn | CN¥6.59bn | CN¥6.83bn |
| Cash and short-term investments | — | — | — | CN¥588.8m | CN¥404.4m | CN¥416.8m | CN¥558.0m | CN¥557.7m |
| Debt | CN¥5.6m | — | — | CN¥7.3m | CN¥3.0m | CN¥3.0m | CN¥3.0m | CN¥3.0m |
| Shareholders' equity | CN¥5.35bn | CN¥5.53bn | CN¥5.53bn | CN¥5.56bn | CN¥5.57bn | CN¥5.81bn | CN¥5.83bn | CN¥5.89bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -70.7% | -22.7% | 10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.5% | 43.4% | 47.3% | 46.9% |
| Net margin | 9.4% | 36.5% | 39.7% | 39.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -282.7 | 51.7 | 66.3 | 2.1 | 5.2 | 9.2 | 58.8 | 47.1 |
| Price to sales | 17.6 | 11.0 | 6.6 | 0.8 | 2.6 | 4.5 | 13.5 | 16.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 12 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.20 | 0.15 | 3.70 | 3.02 | 1.319 | 0.032 | 0.097 | 0.129 |
- 1.49-for-1 split · 6 Jun 2023
- 1.49-for-1 split · 21 Jun 2022
- 7-for-5 split · 20 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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