B 
50.89
+10.01%
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¥375.9m
FY2016FY2025
Net income
−CN¥11.6m
FY2016FY2025
Free cash flow
−CN¥65.3m
FY2016FY2025
Shareholders' equity
CN¥705.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥375.9m | CN¥301.7m | CN¥279.8m | CN¥317.3m | CN¥308.3m | CN¥308.0m | CN¥364.6m | CN¥317.5m | CN¥376.4m | CN¥192.7m |
| Gross profit | CN¥113.5m | CN¥75.0m | CN¥118.2m | CN¥130.1m | CN¥122.2m | CN¥135.3m | CN¥178.7m | CN¥148.8m | CN¥172.7m | CN¥85.7m |
| Research and development | CN¥23.7m | CN¥33.8m | CN¥29.6m | CN¥38.6m | CN¥26.0m | CN¥24.0m | CN¥24.0m | CN¥16.4m | CN¥18.6m | CN¥14.7m |
| Operating income | CN¥12.2m | −CN¥54.4m | CN¥23.1m | CN¥36.2m | CN¥42.7m | CN¥80.2m | CN¥93.2m | CN¥86.1m | CN¥87.5m | CN¥21.5m |
| Net income | −CN¥11.6m | −CN¥51.2m | CN¥25.1m | CN¥36.5m | CN¥40.0m | CN¥66.2m | CN¥73.3m | CN¥72.5m | CN¥69.9m | CN¥20.3m |
| Diluted earnings per share | -0.14 | -0.63 | 0.32 | 0.46 | 0.49 | 0.97 | 1.19 | 0.89 | 1.14 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.33bn | CN¥1.20bn | CN¥1.17bn | CN¥903.9m | CN¥869.0m | CN¥892.6m | CN¥500.8m | CN¥395.3m | CN¥398.4m | CN¥246.3m |
| Cash and short-term investments | — | CN¥271.0m | CN¥398.4m | CN¥193.1m | CN¥259.9m | CN¥325.2m | CN¥111.2m | CN¥96.1m | CN¥45.8m | CN¥77.3m |
| Total liabilities | CN¥638.7m | CN¥469.9m | CN¥355.6m | CN¥172.2m | CN¥158.2m | CN¥180.3m | CN¥216.8m | CN¥167.6m | CN¥226.5m | CN¥139.9m |
| Debt | CN¥254.4m | CN¥267.5m | CN¥233.0m | CN¥29.8m | CN¥30.3m | CN¥56.0m | CN¥79.5m | CN¥70.0m | CN¥50.0m | CN¥55.0m |
| Shareholders' equity | CN¥705.0m | CN¥732.6m | CN¥812.4m | CN¥731.8m | CN¥710.8m | CN¥700.0m | CN¥274.0m | CN¥219.7m | CN¥165.5m | CN¥104.0m |
| Shares outstanding | 82m | 81m | 78m | 79m | 81m | 68m | 61m | 82m | 61m | 82m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥28.3m | −CN¥55.7m | −CN¥1.2m | CN¥81.7m | CN¥3.8m | CN¥114.0m | CN¥43.0m | CN¥51.6m | −CN¥14.8m | CN¥3.3m |
| Capital spending | −CN¥37.1m | −CN¥51.6m | −CN¥32.9m | −CN¥69.0m | −CN¥22.2m | −CN¥240.1m | −CN¥909,038 | −CN¥2.5m | −CN¥1.7m | −CN¥13.9m |
| Free cash flow | −CN¥65.3m | −CN¥107.3m | −CN¥34.1m | CN¥12.7m | −CN¥18.4m | −CN¥126.2m | CN¥42.1m | CN¥49.1m | −CN¥16.4m | −CN¥10.6m |
| Dividends paid | −CN¥12.7m | −CN¥18.3m | −CN¥17.0m | −CN¥16.4m | −CN¥24.6m | −CN¥18.4m | −CN¥41.8m | −CN¥14.9m | −CN¥15.3m | −CN¥1.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥55.2m | CN¥43.8m | CN¥237.4m | CN¥65.8m | CN¥53.4m | CN¥19.3m | CN¥196.2m | CN¥48.5m |
| Gross profit | CN¥20.5m | CN¥9.5m | CN¥68.7m | CN¥23.5m | CN¥10.5m | CN¥10.8m | CN¥32.6m | CN¥21.1m |
| Operating income | −CN¥6.9m | −CN¥20.6m | CN¥37.6m | CN¥7.2m | CN¥3.1m | −CN¥14.2m | −CN¥26.2m | −CN¥3.9m |
| Net income | −CN¥11.3m | −CN¥3.4m | −CN¥7.8m | CN¥6.4m | CN¥3.8m | −CN¥14.1m | −CN¥22.9m | −CN¥3.6m |
| Diluted earnings per share | -0.14 | -0.04 | -0.10 | 0.08 | 0.05 | -0.17 | -0.28 | -0.04 |
| Cash from operations | — | — | — | CN¥10.0m | −CN¥18.0m | −CN¥21.0m | −CN¥1.0m | −CN¥9.0m |
| Capital spending | — | −CN¥1.0m | — | — | −CN¥17.0m | −CN¥19.0m | −CN¥16.0m | −CN¥16.0m |
| Free cash flow | — | — | — | — | −CN¥35.0m | −CN¥40.0m | −CN¥17.0m | −CN¥25.0m |
| Total assets | CN¥1.26bn | CN¥1.27bn | CN¥1.33bn | CN¥1.27bn | CN¥1.25bn | CN¥1.14bn | CN¥1.20bn | CN¥1.10bn |
| Cash and short-term investments | — | — | — | CN¥176.3m | CN¥148.2m | CN¥210.9m | CN¥271.0m | CN¥272.4m |
| Debt | CN¥264.4m | CN¥259.4m | CN¥254.4m | CN¥129.7m | CN¥351.7m | CN¥267.1m | CN¥267.5m | CN¥245.9m |
| Shareholders' equity | CN¥690.4m | CN¥701.6m | CN¥705.0m | CN¥642.3m | CN¥710.1m | CN¥706.2m | CN¥732.6m | CN¥681.2m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.2% | 24.9% | 42.3% | 41.0% | 39.6% | 43.9% |
| Operating margin | 2.5% | -14.7% | 11.6% | 12.3% | 15.5% | 27.2% |
| Net margin | -3.1% | -17.0% | 9.0% | 11.5% | 13.0% | 21.5% |
| Return on equity | -1.6% | -7.0% | 3.1% | 5.0% | 5.6% | 9.5% |
| Return on assets | -0.9% | -4.3% | 2.1% | 4.0% | 4.6% | 7.4% |
| Free cash flow yield | 0.2% | -0.1% | 0.8% | 3.5% | 0.6% | 9.7% |
| Revenue growth | 24.6% | 7.8% | -11.8% | 2.9% | 0.1% | -15.5% |
| Earnings growth | -77.3% | -304.2% | -31.3% | -8.8% | -39.5% | -9.8% |
| Current ratio | 1.95x | 3.13x | 5.70x | 3.21x | 3.73x | 3.59x |
| Debt to equity | 0.36x | 0.37x | 0.29x | 0.04x | 0.04x | 0.08x |
| Equity ratio | 53.1% | 61.0% | 69.6% | 81.0% | 81.8% | 78.4% |
| Interest coverage | 0.73x | -4.60x | 3.51x | 43.18x | 36.80x | 22.79x |
| R&D as a share of sales | 6.3% | 11.2% | 10.6% | 12.2% | 8.4% | 7.8% |
| Buybacks as a share of market value | -1.0% | -3.8% | 1.5% | 2.6% | -19.6% | -10.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 4.1% | 7.3% |
| Operating income | -30.4% | -31.4% | -6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.8% | 34.3% | 36.7% | 40.8% |
| Operating margin | -6.2% | 1.4% | 7.4% | 13.6% |
| Net margin | -9.3% | -0.1% | 5.5% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -157.4 | -40.1 | 94.7 | 56.8 | 55.0 | 33.5 |
| Price to sales | 4.9 | 6.8 | 8.5 | 6.5 | 7.1 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.20 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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