F 
0.25
+0.82%
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¥5.07bn
FY2016FY2025
Net income
CN¥48.3m
FY2016FY2025
Free cash flow
−CN¥281.7m
FY2016FY2025
Shareholders' equity
CN¥626.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.07bn | CN¥2.92bn | CN¥2.82bn | CN¥1.45bn | CN¥2.00bn | CN¥2.55bn | CN¥3.64bn | CN¥3.43bn | CN¥3.37bn | CN¥2.53bn |
| Gross profit | CN¥422.1m | CN¥257.8m | CN¥299.6m | CN¥203.6m | CN¥172.2m | CN¥225.6m | CN¥265.0m | CN¥307.0m | CN¥280.7m | CN¥193.2m |
| Research and development | CN¥212.1m | CN¥141.9m | CN¥139.7m | CN¥124.1m | CN¥119.0m | CN¥131.6m | CN¥130.6m | CN¥122.9m | CN¥119.9m | CN¥91.9m |
| Operating income | CN¥34.1m | −CN¥17.5m | CN¥62.2m | −CN¥24.1m | −CN¥9.4m | CN¥40.7m | CN¥17.9m | CN¥80.3m | CN¥69.6m | CN¥54.6m |
| Net income | CN¥48.3m | CN¥16.3m | CN¥32.4m | CN¥6.5m | −CN¥17.8m | CN¥36.0m | CN¥45.5m | CN¥51.3m | CN¥37.4m | CN¥49.8m |
| Diluted earnings per share | 0.03 | 0.02 | 0.03 | 0.01 | -0.02 | 0.04 | 0.06 | 0.07 | 0.04 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.77bn | CN¥3.40bn | CN¥3.82bn | CN¥1.46bn | CN¥1.10bn | CN¥1.41bn | CN¥1.90bn | CN¥1.39bn | CN¥1.10bn | CN¥789.7m |
| Cash and short-term investments | CN¥2.71bn | CN¥79.4m | CN¥68.0m | CN¥36.6m | CN¥82.9m | CN¥30.7m | CN¥481.0m | CN¥410.1m | CN¥172.9m | CN¥163.1m |
| Total liabilities | CN¥4.14bn | CN¥3.03bn | CN¥3.47bn | CN¥1.14bn | CN¥786.9m | CN¥1.02bn | CN¥1.54bn | CN¥1.20bn | CN¥967.7m | CN¥712.0m |
| Debt | CN¥3.03bn | CN¥187.1m | CN¥162.8m | CN¥57.7m | CN¥78.5m | CN¥60.2m | CN¥223.9m | CN¥120.7m | CN¥222.6m | CN¥245.8m |
| Shareholders' equity | CN¥626.2m | CN¥368.1m | CN¥352.1m | CN¥320.2m | CN¥315.9m | CN¥388.8m | CN¥351.1m | CN¥187.0m | CN¥125.9m | CN¥77.8m |
| Shares outstanding | 1,606m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 817m | 784m | 1,000m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥262.3m | −CN¥27.1m | CN¥1.57bn | CN¥555.9m | CN¥21.4m | −CN¥46.8m | −CN¥94.3m | CN¥400.6m | CN¥81.1m | −CN¥152.8m |
| Capital spending | −CN¥19.4m | −CN¥18.6m | −CN¥7.9m | −CN¥8.5m | −CN¥3.1m | −CN¥35.6m | −CN¥15.5m | −CN¥77.9m | −CN¥78.8m | −CN¥24.0m |
| Free cash flow | −CN¥281.7m | −CN¥45.7m | CN¥1.57bn | CN¥547.4m | CN¥18.2m | −CN¥82.4m | −CN¥109.8m | CN¥322.7m | CN¥2.3m | −CN¥176.8m |
| Dividends paid | — | — | — | — | — | — | — | — | −CN¥23.3m | −CN¥23.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.00bn | CN¥3.21bn | CN¥1.87bn | CN¥1.66bn | CN¥1.26bn | CN¥2.02bn | CN¥806.9m | CN¥541.1m |
| Gross profit | CN¥233.0m | CN¥263.7m | CN¥158.4m | CN¥147.8m | CN¥109.9m | CN¥195.1m | CN¥104.5m | CN¥89.8m |
| Operating income | CN¥30.4m | CN¥34.9m | −CN¥779,225 | −CN¥10.5m | −CN¥7.0m | CN¥45.8m | −CN¥8.4m | −CN¥26.2m |
| Net income | CN¥38.2m | CN¥35.2m | CN¥13.1m | CN¥6.5m | CN¥9.9m | CN¥22.9m | CN¥9.5m | −CN¥1.4m |
| Diluted earnings per share | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | -0.00 |
| Cash from operations | — | −CN¥161.0m | −CN¥108.0m | CN¥580.0m | −CN¥608.0m | CN¥2.06bn | −CN¥484.0m | CN¥124.0m |
| Capital spending | — | −CN¥14.0m | −CN¥4.0m | −CN¥8.0m | −CN¥9.0m | −CN¥2.0m | −CN¥4.0m | −CN¥4.0m |
| Free cash flow | — | −CN¥175.0m | −CN¥112.0m | CN¥572.0m | −CN¥617.0m | CN¥2.06bn | −CN¥488.0m | CN¥120.0m |
| Total assets | CN¥4.92bn | CN¥4.77bn | CN¥3.99bn | CN¥3.40bn | CN¥2.94bn | CN¥3.82bn | CN¥1.39bn | CN¥1.46bn |
| Cash and short-term investments | CN¥2.33bn | CN¥2.71bn | CN¥132.0m | CN¥79.4m | CN¥29.7m | CN¥68.0m | CN¥61.6m | CN¥36.6m |
| Debt | CN¥2.78bn | CN¥3.03bn | CN¥222.4m | CN¥187.1m | CN¥173.8m | CN¥162.8m | CN¥119.1m | CN¥57.7m |
| Shareholders' equity | CN¥663.8m | CN¥626.2m | CN¥442.7m | CN¥368.1m | CN¥362.0m | CN¥352.1m | CN¥328.8m | CN¥320.2m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.3% | 8.8% | 10.6% | 14.0% | 8.6% | 8.9% |
| Operating margin | 0.7% | -0.6% | 2.7% | -1.7% | -0.5% | -0.9% |
| Net margin | 1.0% | 0.6% | 1.1% | 0.4% | -0.9% | 1.4% |
| Return on equity | 7.7% | 4.4% | 9.2% | 2.0% | -5.6% | 9.3% |
| Return on assets | 1.0% | 0.5% | 0.8% | 0.4% | -1.6% | 2.6% |
| Free cash flow yield | -53.1% | -3.5% | 647.9% | 231.3% | 10.0% | -3.9% |
| Revenue growth | 49.1% | 3.3% | 94.6% | -27.5% | -8.3% | -30.0% |
| Earnings growth | 153.5% | -49.5% | 397.5% | -136.6% | -157.5% | -20.8% |
| Current ratio | 1.13x | 1.10x | 1.08x | 1.21x | 1.30x | 1.28x |
| Debt to equity | 4.78x | 0.42x | 0.46x | 0.18x | 0.22x | 0.16x |
| Equity ratio | 13.1% | 10.8% | 9.2% | 21.9% | 28.7% | 27.6% |
| Interest coverage | 1.06x | -0.48x | 2.12x | -1.32x | -1.45x | -3.56x |
| R&D as a share of sales | 4.2% | 4.9% | 4.9% | 8.6% | 5.9% | 5.2% |
| Buybacks as a share of market value | -60.6% | 0.0% | 0.0% | 0.0% | 0.0% | -22.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 52.4% | 14.7% | — |
| Operating income | — | -3.5% | — |
| Net income | 95.1% | 6.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.5% | 9.6% | 9.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 18.1 | 84.3 | 67.2 | 82.5 | -35.1 | 15.6 | 13.2 |
| Price to sales | 0.2 | 0.5 | 0.8 | 0.4 | 0.3 | 0.2 | 0.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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