H 
16.40
+0.55%
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¥346.5m
FY2016FY2025
Net income
−CN¥127.5m
FY2016FY2025
Free cash flow
CN¥22.1m
FY2016FY2025
Shareholders' equity
CN¥1.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥346.5m | CN¥459.0m | CN¥538.1m | CN¥407.0m | CN¥787.9m | CN¥598.1m | CN¥1.16bn | CN¥921.9m | CN¥485.8m | CN¥280.8m |
| Gross profit | CN¥82.6m | CN¥142.8m | CN¥193.0m | CN¥73.8m | CN¥243.0m | CN¥200.6m | CN¥430.9m | CN¥344.7m | CN¥187.6m | CN¥100.7m |
| Research and development | CN¥19.0m | CN¥32.2m | CN¥36.4m | CN¥42.9m | CN¥49.6m | CN¥29.5m | CN¥40.4m | CN¥10.0m | CN¥8.0m | CN¥6.7m |
| Operating income | −CN¥24.4m | −CN¥198.7m | CN¥22.3m | −CN¥185.1m | CN¥12.5m | CN¥47.1m | CN¥255.7m | CN¥206.1m | CN¥97.9m | CN¥23.4m |
| Net income | −CN¥127.5m | −CN¥179.4m | CN¥17.8m | −CN¥155.6m | CN¥13.3m | CN¥42.8m | CN¥215.8m | CN¥170.8m | CN¥82.2m | CN¥16.0m |
| Diluted earnings per share | -0.97 | -1.31 | 0.14 | -1.06 | 0.10 | 0.26 | 1.56 | 1.52 | 0.62 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.62bn | CN¥1.82bn | CN¥2.05bn | CN¥2.12bn | CN¥2.31bn | CN¥2.14bn | CN¥2.29bn | CN¥1.04bn | CN¥676.8m | CN¥394.4m |
| Cash and short-term investments | — | CN¥424.0m | CN¥528.7m | CN¥491.3m | CN¥826.0m | CN¥798.0m | CN¥1.13bn | CN¥228.3m | CN¥183.3m | CN¥61.4m |
| Total liabilities | CN¥428.7m | CN¥473.5m | CN¥521.0m | CN¥607.0m | CN¥645.5m | CN¥479.0m | CN¥646.8m | CN¥419.0m | CN¥223.9m | CN¥126.7m |
| Debt | — | CN¥106.2m | CN¥134.3m | CN¥189.5m | CN¥272.2m | CN¥196.1m | CN¥349.5m | CN¥68.5m | CN¥1.0m | CN¥2.0m |
| Shareholders' equity | CN¥1.19bn | CN¥1.35bn | CN¥1.53bn | CN¥1.51bn | CN¥1.67bn | CN¥1.66bn | CN¥1.64bn | CN¥623.6m | CN¥452.8m | CN¥267.6m |
| Shares outstanding | 132m | 137m | 124m | 147m | 134m | 166m | 139m | 112m | 132m | 132m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥102.9m | −CN¥99.3m | CN¥139.1m | −CN¥164.9m | CN¥66.4m | −CN¥122.9m | CN¥107.7m | CN¥48.6m | CN¥15.5m | −CN¥66.9m |
| Capital spending | −CN¥80.8m | −CN¥12.8m | −CN¥49.9m | −CN¥7.4m | −CN¥18.5m | −CN¥3.8m | −CN¥1.4m | −CN¥2.3m | −CN¥1.2m | −CN¥2.1m |
| Free cash flow | CN¥22.1m | −CN¥112.1m | CN¥89.2m | −CN¥172.3m | CN¥47.9m | −CN¥126.7m | CN¥106.3m | CN¥46.3m | CN¥14.3m | −CN¥68.9m |
| Dividends paid | −CN¥30.1m | — | — | — | −CN¥4.5m | −CN¥22.6m | −CN¥22.6m | −CN¥51,330 | −CN¥7.0m | −CN¥28.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥62.1m | CN¥58.8m | CN¥81.5m | CN¥106.9m | CN¥100.5m | CN¥57.5m | CN¥81.5m | CN¥81.4m |
| Gross profit | CN¥9.5m | CN¥15.3m | CN¥24.1m | CN¥21.3m | CN¥23.5m | CN¥13.6m | CN¥30.8m | CN¥25.2m |
| Operating income | −CN¥10.2m | −CN¥6.1m | CN¥9.0m | CN¥2.5m | −CN¥14.8m | −CN¥27.1m | −CN¥209.9m | −CN¥1.2m |
| Net income | −CN¥23.6m | −CN¥4.7m | −CN¥101.2m | CN¥7.4m | −CN¥11.3m | −CN¥22.4m | −CN¥185.6m | −CN¥1.5m |
| Diluted earnings per share | -0.18 | -0.04 | -0.77 | 0.06 | -0.09 | -0.17 | -1.35 | -0.01 |
| Cash from operations | — | — | — | CN¥68.0m | −CN¥16.0m | CN¥19.0m | −CN¥44.0m | −CN¥40.0m |
| Capital spending | — | — | −CN¥42.0m | — | −CN¥38.0m | — | −CN¥5.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | −CN¥54.0m | — | −CN¥49.0m | −CN¥42.0m |
| Total assets | CN¥1.57bn | CN¥1.58bn | CN¥1.62bn | CN¥1.73bn | CN¥1.74bn | CN¥1.80bn | CN¥1.82bn | CN¥1.97bn |
| Cash and short-term investments | — | — | — | CN¥463.8m | CN¥394.9m | CN¥485.2m | CN¥424.0m | CN¥460.2m |
| Debt | — | — | — | CN¥68.9m | CN¥102.0m | CN¥113.7m | CN¥69.4m | CN¥68.3m |
| Shareholders' equity | CN¥1.16bn | CN¥1.19bn | CN¥1.19bn | CN¥1.29bn | CN¥1.28bn | CN¥1.33bn | CN¥1.35bn | CN¥1.53bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 23.8% | 31.1% | 35.9% | 18.1% | 30.8% | 33.5% | — | — |
| Operating margin | -7.0% | -43.3% | 4.5% | -45.5% | 2.0% | 8.1% | — | — |
| Net margin | -36.8% | -39.1% | 3.3% | -38.2% | 1.7% | 7.1% | — | — |
| Return on equity | -10.7% | -13.3% | 1.2% | -10.3% | 0.8% | 2.6% | — | — |
| Return on assets | -7.9% | -9.8% | 0.9% | -7.4% | 0.6% | 2.0% | — | — |
| Free cash flow yield | 8.6% | -3.9% | 9.5% | -6.7% | 3.9% | -4.5% | — | — |
| Revenue growth | -24.5% | -14.7% | 32.2% | -48.3% | 31.7% | -48.3% | — | — |
| Earnings growth | -28.9% | -1107.3% | -111.4% | -1271.0% | -68.9% | -80.2% | — | — |
| Current ratio | 3.20x | 3.39x | 3.24x | 3.05x | 3.53x | 4.31x | — | — |
| Debt to equity | — | 0.05x | 0.07x | 0.10x | 0.14x | 0.11x | — | 0.00x |
| Equity ratio | 73.5% | 73.9% | 74.5% | 71.3% | 72.1% | 77.6% | — | — |
| Interest coverage | — | -87.60x | 8.13x | -47.51x | 4.33x | 25.71x | 81.85x | — |
| R&D as a share of sales | 5.5% | 7.0% | 6.8% | 10.5% | 6.3% | 4.9% | — | — |
| Buybacks as a share of market value | 3.9% | -10.7% | 15.3% | -9.2% | 19.1% | -19.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | -10.3% | 3.8% |
| Operating income | -49.1% | — | — |
| Net income | -6.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.0% | 28.1% | 29.8% | 33.5% |
| Operating margin | -27.7% | -22.0% | -10.4% | 4.5% |
| Net margin | -38.1% | -25.4% | -12.4% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -15.4 | -8.9 | 108.1 | -12.9 | 174.3 | 71.2 | 22.0 |
| Price to sales | 5.7 | 3.5 | 3.6 | 5.0 | 2.9 | 5.1 | 4.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 22 May 2025.
| FY2025 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.20 | 0.03 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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