B 
34.39
-0.12%
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¥424.5m
FY2016FY2025
Net income
CN¥17.7m
FY2016FY2025
Free cash flow
−CN¥1.06bn
FY2016FY2025
Shareholders' equity
CN¥896.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥424.5m | CN¥417.8m | CN¥436.0m | CN¥491.3m | CN¥334.4m | CN¥443.6m | CN¥409.0m | CN¥366.3m | CN¥376.5m | CN¥219.9m |
| Research and development | CN¥115.6m | CN¥142.1m | CN¥151.4m | CN¥145.0m | CN¥135.5m | CN¥95.8m | CN¥78.4m | CN¥65.1m | CN¥59.1m | CN¥47.7m |
| Operating income | — | CN¥27.7m | CN¥71.6m | CN¥28.5m | −CN¥74.3m | CN¥70.2m | CN¥91.3m | CN¥74.3m | CN¥73.3m | CN¥34.4m |
| Net income | CN¥17.7m | CN¥33.0m | CN¥77.9m | CN¥38.6m | −CN¥70.3m | CN¥66.4m | CN¥85.0m | CN¥69.2m | CN¥66.9m | CN¥41.4m |
| Diluted earnings per share | 0.18 | 0.31 | 0.76 | 0.36 | -0.69 | 0.63 | 1.07 | 0.70 | 0.68 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.28bn | CN¥1.06bn | CN¥1.02bn | CN¥1.01bn | CN¥1.01bn | CN¥1.08bn | CN¥577.5m | CN¥491.8m | CN¥494.0m | CN¥393.1m |
| Cash and short-term investments | — | CN¥324.7m | CN¥238.3m | CN¥330.6m | CN¥392.1m | CN¥607.8m | CN¥215.7m | CN¥111.5m | CN¥33.1m | CN¥28.0m |
| Total liabilities | CN¥1.38bn | CN¥165.4m | CN¥144.5m | CN¥184.0m | CN¥196.5m | CN¥169.2m | CN¥135.7m | CN¥104.5m | CN¥146.2m | CN¥95.2m |
| Debt | — | CN¥23.4m | CN¥5.7m | CN¥6.4m | CN¥13.5m | CN¥6.7m | CN¥2.0m | — | CN¥1.9m | CN¥30.0m |
| Shareholders' equity | CN¥896.1m | CN¥893.3m | CN¥879.3m | CN¥811.2m | CN¥811.7m | CN¥916.2m | CN¥442.1m | CN¥386.9m | CN¥346.8m | CN¥297.9m |
| Shares outstanding | 99m | 107m | 102m | 107m | 102m | 105m | 79m | 99m | 99m | 99m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥10.1m | CN¥18.2m | CN¥22.2m | CN¥1.9m | −CN¥41.2m | CN¥60.3m | CN¥74.8m | CN¥9.8m | CN¥91.7m | CN¥72.3m |
| Capital spending | −CN¥1.05bn | −CN¥33.6m | −CN¥14.5m | −CN¥22.1m | −CN¥65.8m | −CN¥39.1m | −CN¥114,000 | −CN¥6,997 | −CN¥2.9m | −CN¥1.8m |
| Free cash flow | −CN¥1.06bn | −CN¥15.5m | CN¥7.7m | −CN¥20.2m | −CN¥107.0m | CN¥21.2m | CN¥74.7m | CN¥9.8m | CN¥88.8m | CN¥70.5m |
| Dividends paid | −CN¥10.7m | −CN¥20.4m | −CN¥1.0m | −CN¥9,436 | −CN¥32.0m | −CN¥22,958 | −CN¥30.0m | −CN¥30.1m | −CN¥30.7m | −CN¥24.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥146.8m | CN¥118.4m | CN¥241.0m | CN¥77.5m | CN¥70.0m | CN¥36.0m | CN¥230.5m | CN¥56.1m |
| Operating income | CN¥17.2m | −CN¥4.3m | CN¥95.0m | −CN¥5.7m | −CN¥14.9m | −CN¥29.4m | CN¥68.8m | −CN¥17.5m |
| Net income | −CN¥2.0m | −CN¥23.6m | CN¥65.3m | −CN¥4.6m | −CN¥13.6m | −CN¥29.4m | CN¥73.7m | −CN¥17.5m |
| Diluted earnings per share | -0.02 | -0.24 | 0.66 | -0.05 | -0.14 | -0.30 | 0.69 | -0.16 |
| Cash from operations | — | — | — | CN¥207.0m | −CN¥188.0m | −CN¥25.0m | −CN¥2.0m | CN¥12.0m |
| Capital spending | −CN¥201.0m | −CN¥87.0m | −CN¥138.0m | −CN¥862.0m | −CN¥4.0m | −CN¥47.0m | −CN¥23.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥655.0m | −CN¥192.0m | −CN¥72.0m | −CN¥25.0m | CN¥8.0m |
| Total assets | CN¥2.81bn | CN¥2.17bn | CN¥2.28bn | CN¥2.34bn | CN¥1.22bn | CN¥1.02bn | CN¥1.06bn | CN¥945.6m |
| Cash and short-term investments | — | — | — | CN¥157.6m | CN¥242.3m | CN¥316.8m | CN¥324.7m | CN¥237.3m |
| Debt | — | — | — | CN¥392.6m | CN¥185.0m | CN¥39.4m | CN¥16.6m | CN¥6.1m |
| Shareholders' equity | CN¥1.52bn | CN¥872.4m | CN¥896.1m | CN¥839.4m | CN¥844.0m | CN¥863.9m | CN¥893.3m | CN¥818.9m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.7% | 6.7% | 17.2% | 7.0% | -20.9% | 15.9% |
| Net margin | 4.2% | 7.9% | 17.9% | 7.9% | -21.0% | 15.0% |
| Return on equity | 2.0% | 3.7% | 8.9% | 4.8% | -8.7% | 7.2% |
| Return on assets | 0.8% | 3.1% | 7.6% | 3.8% | -6.9% | 6.1% |
| Free cash flow yield | 28.7% | 1.3% | 1.0% | 0.6% | 0.7% | 2.6% |
| Revenue growth | 1.6% | -4.2% | -11.2% | 46.9% | -24.6% | 8.5% |
| Earnings growth | -46.3% | -57.6% | 101.8% | -154.9% | -205.8% | -21.9% |
| Current ratio | 1.44x | 4.50x | 4.61x | 3.99x | 3.68x | 5.45x |
| Debt to equity | 0.00x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 39.3% | 84.6% | 85.8% | 80.1% | 80.2% | 84.5% |
| Interest coverage | 1.27x | 55.40x | 191.71x | 64.49x | -227.21x | 665.30x |
| R&D as a share of sales | 27.2% | 34.0% | 34.7% | 29.5% | 40.5% | 21.6% |
| Buybacks as a share of market value | 7.9% | -5.2% | 4.5% | -5.2% | 3.0% | -32.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | -0.9% | — |
| Net income | -22.8% | -23.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 208.2 | 99.3 | 42.9 | 77.5 | -26.0 | 36.7 |
| Price to sales | 8.7 | 7.8 | 7.7 | 6.1 | 5.5 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.065 | 0.20 | 0.10 | 0.308 |
- 13-for-10 split · 18 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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