H 
30.00
-2.88%
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¥834.6m
FY2016FY2025
Net income
CN¥13.2m
FY2016FY2025
Free cash flow
CN¥148.7m
FY2016FY2025
Shareholders' equity
CN¥882.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥834.6m | CN¥1.04bn | CN¥1.30bn | CN¥803.8m | CN¥456.9m | CN¥365.3m | CN¥301.6m | CN¥405.1m | CN¥352.8m | CN¥158.3m |
| Gross profit | CN¥288.3m | CN¥76.8m | CN¥336.3m | CN¥227.6m | CN¥101.8m | CN¥75.2m | CN¥87.0m | CN¥173.8m | CN¥144.9m | CN¥69.5m |
| Research and development | CN¥59.3m | CN¥65.1m | CN¥79.9m | CN¥36.7m | CN¥26.2m | CN¥22.0m | CN¥23.4m | CN¥19.7m | CN¥14.6m | CN¥8.0m |
| Operating income | CN¥69.0m | −CN¥139.6m | CN¥110.2m | CN¥117.6m | −CN¥3.4m | −CN¥17.3m | CN¥20.0m | CN¥86.3m | CN¥87.3m | CN¥32.7m |
| Net income | CN¥13.2m | −CN¥374.9m | CN¥113.1m | CN¥97.3m | −CN¥6.8m | −CN¥6.0m | CN¥13.7m | CN¥99.0m | CN¥78.2m | CN¥33.1m |
| Diluted earnings per share | 0.06 | -1.91 | 0.72 | 0.58 | -0.08 | -0.06 | 0.13 | 1.31 | 1.04 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.73bn | CN¥2.97bn | CN¥3.35bn | CN¥2.24bn | CN¥1.34bn | CN¥1.10bn | CN¥1.07bn | CN¥1.03bn | CN¥521.2m | CN¥328.3m |
| Cash and short-term investments | — | CN¥213.2m | CN¥138.0m | CN¥443.6m | CN¥85.0m | CN¥122.2m | CN¥282.1m | CN¥431.8m | CN¥77.2m | CN¥30.2m |
| Total liabilities | CN¥1.85bn | CN¥2.10bn | CN¥1.96bn | CN¥978.3m | CN¥564.5m | CN¥310.0m | CN¥283.8m | CN¥247.6m | CN¥242.6m | CN¥104.2m |
| Debt | CN¥326.5m | CN¥660.4m | CN¥953.7m | CN¥264.1m | CN¥100.9m | CN¥8.0m | CN¥15.0m | CN¥15.2m | CN¥783,893 | CN¥18.0m |
| Shareholders' equity | CN¥882.7m | CN¥861.7m | CN¥1.32bn | CN¥1.21bn | CN¥761.5m | CN¥768.3m | CN¥779.3m | CN¥775.6m | CN¥278.3m | CN¥220.4m |
| Shares outstanding | 204m | 196m | 157m | 169m | 81m | 100m | 103m | 76m | 75m | 130m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥218.4m | −CN¥59.2m | −CN¥85.8m | −CN¥69.4m | −CN¥46.3m | −CN¥27.8m | −CN¥23.1m | CN¥71.3m | CN¥106.0m | CN¥9.3m |
| Capital spending | −CN¥69.8m | −CN¥245.1m | −CN¥303.5m | −CN¥150.4m | −CN¥91.1m | −CN¥103.6m | −CN¥132.8m | −CN¥135.6m | −CN¥24.8m | −CN¥11.1m |
| Free cash flow | CN¥148.7m | −CN¥304.4m | −CN¥389.3m | −CN¥219.9m | −CN¥137.4m | −CN¥131.4m | −CN¥155.8m | −CN¥64.3m | CN¥81.2m | −CN¥1.8m |
| Dividends paid | −CN¥23.7m | −CN¥81.7m | −CN¥8.0m | −CN¥7.2m | −CN¥3.1m | −CN¥5.0m | −CN¥10.0m | −CN¥394,575 | −CN¥21.3m | −CN¥573,922 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥86.7m | CN¥70.7m | CN¥117.2m | CN¥232.1m | CN¥361.6m | CN¥121.9m | CN¥93.2m | CN¥212.6m |
| Gross profit | CN¥13.1m | CN¥11.2m | CN¥37.3m | CN¥40.5m | CN¥111.3m | CN¥11.5m | −CN¥145.2m | CN¥59.5m |
| Operating income | −CN¥24.4m | −CN¥16.2m | CN¥2.1m | CN¥3.8m | CN¥56.3m | −CN¥45.1m | −CN¥438.8m | −CN¥7.6m |
| Net income | −CN¥52.8m | −CN¥19.5m | −CN¥9.4m | CN¥10.8m | CN¥51.4m | −CN¥39.6m | −CN¥406.7m | −CN¥14.8m |
| Diluted earnings per share | -0.26 | -0.10 | -0.05 | 0.05 | 0.25 | -0.19 | -2.08 | -0.08 |
| Cash from operations | — | — | — | CN¥90.0m | CN¥74.0m | CN¥7.0m | — | −CN¥27.0m |
| Capital spending | −CN¥30.0m | −CN¥9.0m | −CN¥14.0m | −CN¥10.0m | −CN¥8.0m | −CN¥35.0m | −CN¥49.0m | −CN¥19.0m |
| Free cash flow | — | — | — | CN¥80.0m | CN¥66.0m | −CN¥28.0m | — | −CN¥46.0m |
| Total assets | CN¥2.67bn | CN¥2.73bn | CN¥2.73bn | CN¥2.80bn | CN¥2.84bn | CN¥3.02bn | CN¥2.97bn | CN¥3.50bn |
| Cash and short-term investments | — | — | — | CN¥259.1m | CN¥238.2m | CN¥291.7m | CN¥213.2m | CN¥213.5m |
| Debt | CN¥295.1m | CN¥278.4m | CN¥326.5m | CN¥404.7m | CN¥601.6m | CN¥843.1m | CN¥657.2m | CN¥803.9m |
| Shareholders' equity | CN¥812.6m | CN¥865.5m | CN¥882.7m | CN¥893.1m | CN¥881.6m | CN¥823.2m | CN¥861.7m | CN¥1.27bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 7.4% | 25.8% | 28.3% | 22.3% | 20.6% |
| Operating margin | 8.3% | -13.5% | 8.5% | 14.6% | -0.8% | -4.7% |
| Net margin | 1.6% | -36.1% | 8.7% | 12.1% | -1.5% | -1.6% |
| Return on equity | 1.5% | -43.5% | 8.6% | 8.0% | -0.9% | -0.8% |
| Return on assets | 0.5% | -12.6% | 3.4% | 4.4% | -0.5% | -0.5% |
| Free cash flow yield | 5.0% | 3.4% | 4.9% | 1.7% | 2.0% | 2.7% |
| Revenue growth | -19.6% | -20.4% | 62.2% | 75.9% | 25.1% | 21.1% |
| Earnings growth | -103.5% | -431.6% | 16.2% | -1538.1% | 13.2% | -143.6% |
| Current ratio | 1.28x | 1.30x | 1.25x | 2.00x | 1.86x | 2.60x |
| Debt to equity | 0.37x | 0.76x | 0.25x | 0.21x | 0.12x | 0.00x |
| Equity ratio | 32.3% | 29.0% | 39.3% | 54.1% | 56.6% | 70.1% |
| Interest coverage | 2.78x | -4.43x | 5.43x | 13.75x | -0.63x | -5.20x |
| R&D as a share of sales | 7.1% | 6.3% | 6.1% | 4.6% | 5.7% | 6.0% |
| Buybacks as a share of market value | -4.1% | -24.8% | 7.2% | -110.0% | 19.5% | 3.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.3% | 18.0% | 20.9% |
| Operating income | -16.3% | — | 17.9% |
| Net income | -48.7% | — | -1.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.5% | 23.3% | 23.0% | 26.5% |
| Operating margin | -3.8% | 4.0% | 2.8% | 6.1% |
| Net margin | -19.3% | -3.8% | -3.4% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -10.4 | 29.9 | 57.6 | -394.0 | -178.8 | 83.3 | 12.1 |
| Price to sales | 9.7 | 3.7 | 2.6 | 7.0 | 5.8 | 2.9 | 3.8 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 May 2024.
| FY2024 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.308 | 0.023 | 0.046 |
- 13-for-10 split · 15 May 2024
- 13-for-10 split · 4 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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