3 
2.58
-1.15%
Close of 9 Nov 2026, in HKD
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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¥356.1m
FY2020FY2025
Net income
−CN¥177.5m
FY2020FY2025
Free cash flow
−CN¥149.9m
FY2020FY2025
Shareholders' equity
CN¥597.0m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥356.1m | CN¥381.2m | CN¥543.1m | CN¥485.3m | CN¥60.3m | — |
| Gross profit | CN¥299.0m | CN¥318.0m | CN¥448.2m | CN¥449.2m | CN¥56.0m | — |
| Research and development | CN¥156.1m | CN¥154.6m | CN¥364.0m | CN¥300.1m | CN¥371.2m | CN¥264.0m |
| Operating income | −CN¥112.7m | −CN¥105.6m | −CN¥474.5m | −CN¥330.3m | −CN¥516.3m | −CN¥304.5m |
| Net income | −CN¥177.5m | −CN¥156.2m | −CN¥448.8m | −CN¥876.2m | −CN¥1.43bn | −CN¥635.4m |
| Diluted earnings per share | -0.72 | -0.64 | -1.93 | -16.14 | -5.83 | -2.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥936.6m | CN¥1.04bn | CN¥1.22bn | CN¥1.14bn | CN¥1.06bn | CN¥496.2m |
| Cash and short-term investments | CN¥438.1m | CN¥719.4m | CN¥852.5m | CN¥805.8m | CN¥824.5m | CN¥414.3m |
| Total liabilities | CN¥391.5m | CN¥438.4m | CN¥477.5m | CN¥373.5m | CN¥3.33bn | CN¥1.77bn |
| Debt | CN¥152.8m | CN¥203.3m | CN¥241.6m | CN¥150.3m | CN¥3.15bn | CN¥1.67bn |
| Shareholders' equity | CN¥597.0m | CN¥671.5m | CN¥801.3m | CN¥806.6m | −CN¥2.24bn | −CN¥1.27bn |
| Shares outstanding | 246m | 245m | 232m | 54m | 246m | 246m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥149.9m | −CN¥180.1m | −CN¥123.5m | −CN¥238.5m | −CN¥377.1m | −CN¥278.3m |
| Capital spending | −CN¥23,381 | −CN¥39.5m | −CN¥5.4m | −CN¥46.2m | −CN¥56.4m | −CN¥11.1m |
| Free cash flow | −CN¥149.9m | −CN¥219.6m | −CN¥128.9m | −CN¥284.6m | −CN¥433.5m | −CN¥289.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥210.8m | CN¥146.9m | CN¥209.2m | CN¥204.6m | CN¥119.6m | CN¥176.6m | CN¥103.2m | CN¥241.6m |
| Gross profit | CN¥193.0m | CN¥123.7m | CN¥175.3m | CN¥169.7m | CN¥99.2m | CN¥148.3m | CN¥86.7m | CN¥200.0m |
| Operating income | −CN¥22.9m | −CN¥63.5m | −CN¥49.1m | −CN¥49.5m | −CN¥28.9m | −CN¥60.1m | −CN¥35.2m | −CN¥287.8m |
| Net income | −CN¥85.3m | −CN¥88.2m | −CN¥89.3m | −CN¥67.7m | −CN¥39.6m | −CN¥88.5m | −CN¥51.8m | −CN¥296.1m |
| Diluted earnings per share | -0.35 | -0.36 | -0.36 | -0.28 | -0.16 | -0.36 | -0.21 | -1.27 |
| Cash from operations | — | −CN¥118.0m | −CN¥33.0m | −CN¥13.0m | — | −CN¥153.0m | −CN¥89.0m | CN¥10.0m |
| Capital spending | — | — | — | — | — | −CN¥39.0m | −CN¥22.0m | — |
| Free cash flow | — | — | — | — | — | −CN¥192.0m | −CN¥111.0m | — |
| Total assets | CN¥937.5m | CN¥936.6m | CN¥1.14bn | CN¥1.04bn | CN¥1.22bn | CN¥1.08bn | CN¥1.26bn | CN¥1.22bn |
| Cash and short-term investments | CN¥394.6m | CN¥438.1m | CN¥447.1m | CN¥719.4m | CN¥841.0m | CN¥558.4m | CN¥652.8m | CN¥852.5m |
| Debt | CN¥157.2m | CN¥146.3m | CN¥163.0m | CN¥203.3m | CN¥212.9m | CN¥222.4m | CN¥171.2m | CN¥241.6m |
| Shareholders' equity | CN¥524.9m | CN¥597.0m | CN¥716.1m | CN¥671.5m | CN¥785.1m | CN¥725.3m | CN¥847.9m | CN¥801.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.8% | — | — |
| Operating income | -30.1% | -18.0% | — |
| Net income | -41.3% | -22.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 83.7% | 85.8% | — | — |
| Operating margin | -29.6% | -57.9% | — | — |
| Net margin | -45.3% | -93.9% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -6.4 | -4.1 | -3.4 | -0.5 |
| Price to sales | 3.2 | 1.7 | 2.8 | 1.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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