C 
0.08
+5.00%
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¥3.41bn
FY2016FY2025
Net income
−CN¥341.7m
FY2016FY2025
Free cash flow
−CN¥161.2m
FY2016FY2025
Shareholders' equity
−CN¥2.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.41bn | CN¥1.87bn | CN¥1.83bn | CN¥1.03bn | CN¥936.3m | CN¥1.03bn | CN¥1.44bn | CN¥1.81bn | CN¥1.87bn | CN¥1.47bn |
| Gross profit | CN¥649.8m | CN¥293.3m | CN¥401.1m | CN¥173.0m | CN¥145.8m | CN¥175.5m | CN¥370.6m | CN¥425.7m | CN¥469.9m | CN¥361.6m |
| Research and development | CN¥122.6m | CN¥99.1m | CN¥104.3m | CN¥55.2m | CN¥51.3m | CN¥54.0m | CN¥51.3m | CN¥48.9m | CN¥46.2m | CN¥43.4m |
| Operating income | −CN¥86.8m | −CN¥143.4m | −CN¥205.2m | −CN¥189.7m | −CN¥189.9m | −CN¥246.2m | −CN¥290.6m | −CN¥95.1m | −CN¥221.5m | −CN¥62.9m |
| Net income | −CN¥341.7m | −CN¥336.6m | −CN¥347.2m | −CN¥360.2m | −CN¥828.8m | −CN¥373.7m | −CN¥2.19bn | −CN¥1.38bn | −CN¥302.2m | CN¥178.7m |
| Diluted earnings per share | -0.18 | -0.18 | -0.19 | -0.21 | -0.76 | -0.07 | -0.44 | -0.27 | -0.06 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.97bn | CN¥2.64bn | CN¥2.40bn | CN¥2.36bn | CN¥2.62bn | CN¥4.46bn | CN¥5.81bn | CN¥9.80bn | CN¥9.36bn | CN¥7.27bn |
| Cash and short-term investments | CN¥753.4m | CN¥274.5m | CN¥353.9m | CN¥389.7m | CN¥523.6m | CN¥918.4m | CN¥1.12bn | CN¥2.57bn | CN¥3.56bn | CN¥2.83bn |
| Total liabilities | CN¥6.09bn | CN¥4.27bn | CN¥3.62bn | CN¥3.23bn | CN¥3.29bn | CN¥3.93bn | CN¥4.75bn | CN¥6.46bn | CN¥5.89bn | CN¥4.23bn |
| Debt | CN¥3.99bn | CN¥2.69bn | CN¥2.28bn | CN¥1.96bn | CN¥2.05bn | CN¥2.34bn | CN¥2.59bn | CN¥3.76bn | CN¥3.62bn | CN¥1.54bn |
| Shareholders' equity | −CN¥2.13bn | −CN¥1.61bn | −CN¥1.26bn | −CN¥939.3m | −CN¥735.1m | CN¥193.3m | CN¥662.7m | CN¥2.76bn | CN¥3.17bn | CN¥2.82bn |
| Shares outstanding | 1,848m | 1,848m | 1,849m | 1,702m | 1,097m | 5,027m | 5,027m | 5,027m | 4,920m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥53.7m | −CN¥153.7m | −CN¥129.5m | CN¥47.5m | −CN¥49.2m | CN¥268.9m | CN¥4.1m | −CN¥57.7m | −CN¥576.0m | −CN¥801.8m |
| Capital spending | −CN¥107.6m | −CN¥88.1m | −CN¥40.7m | −CN¥42.5m | −CN¥13.9m | −CN¥89.8m | −CN¥160.5m | −CN¥115.5m | −CN¥129.6m | −CN¥71.4m |
| Free cash flow | −CN¥161.2m | −CN¥241.8m | −CN¥170.2m | CN¥5.1m | −CN¥63.1m | CN¥179.1m | −CN¥156.4m | −CN¥173.2m | −CN¥705.6m | −CN¥873.2m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −CN¥30.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.87bn | CN¥2.17bn | CN¥1.27bn | CN¥1.12bn | CN¥751.2m | CN¥945.8m | CN¥623.9m | CN¥569.2m |
| Gross profit | CN¥340.1m | CN¥354.5m | CN¥295.3m | CN¥206.1m | CN¥87.2m | CN¥261.7m | CN¥81.6m | CN¥113.7m |
| Operating income | CN¥30.2m | −CN¥253.6m | CN¥94.3m | −CN¥70.7m | −CN¥116.8m | CN¥23.7m | −CN¥51.1m | CN¥14.8m |
| Net income | −CN¥26.0m | −CN¥267.0m | −CN¥74.7m | −CN¥146.5m | −CN¥190.1m | −CN¥130.9m | −CN¥166.3m | −CN¥106.3m |
| Diluted earnings per share | -0.01 | -0.14 | -0.04 | -0.08 | -0.10 | -0.07 | -0.09 | -0.06 |
| Cash from operations | CN¥93.0m | −CN¥81.0m | CN¥28.0m | −CN¥102.0m | −CN¥65.0m | −CN¥52.0m | −CN¥58.0m | CN¥32.0m |
| Capital spending | −CN¥68.0m | −CN¥35.0m | −CN¥76.0m | −CN¥49.0m | −CN¥34.0m | −CN¥12.0m | −CN¥20.0m | −CN¥22.0m |
| Free cash flow | CN¥25.0m | −CN¥116.0m | −CN¥48.0m | −CN¥151.0m | −CN¥99.0m | −CN¥64.0m | −CN¥78.0m | CN¥10.0m |
| Total assets | CN¥4.03bn | CN¥3.97bn | CN¥3.70bn | CN¥2.64bn | CN¥2.31bn | CN¥2.81bn | CN¥2.36bn | CN¥2.36bn |
| Cash and short-term investments | CN¥780.1m | CN¥753.4m | CN¥366.2m | CN¥274.5m | CN¥160.1m | CN¥413.5m | CN¥314.0m | CN¥389.7m |
| Debt | CN¥3.90bn | CN¥3.99bn | CN¥3.31bn | CN¥2.69bn | CN¥2.41bn | CN¥2.67bn | CN¥2.07bn | CN¥1.96bn |
| Shareholders' equity | −CN¥2.11bn | −CN¥2.13bn | −CN¥1.92bn | −CN¥1.61bn | −CN¥1.43bn | −CN¥1.47bn | −CN¥1.10bn | −CN¥939.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 49.2% | 27.1% | 12.1% |
| Operating income | -22.9% | -18.8% | — |
| Net income | -1.7% | -1.8% | 31.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.8% | 18.6% | 18.2% | 20.8% |
| Operating margin | -4.4% | -7.7% | -10.5% | -9.7% |
| Net margin | -12.8% | -17.0% | -25.6% | -35.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.3 | -0.2 | -0.3 | -0.1 | -4.2 | -1.7 | -10.8 | -20.1 | 3.9 |
| Price to sales | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 1.5 | 2.5 | 8.2 | 3.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 20 Aug 2021
- 5-for-1 split · 28 Feb 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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