O 
5.06
+0.20%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥936.9m
FY2018FY2025
Net income
−CN¥185.0m
FY2018FY2025
Free cash flow
−CN¥417.8m
FY2018FY2025
Shareholders' equity
CN¥4.29bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥936.9m | CN¥417.3m | CN¥246.4m | CN¥185.2m | CN¥65.4m | CN¥15.3m | CN¥221,314 | — |
| Research and development | CN¥87.5m | CN¥113.9m | CN¥123.8m | CN¥214.7m | CN¥196.9m | CN¥209.1m | CN¥115.9m | CN¥47.4m |
| Operating income | −CN¥186.6m | −CN¥306.4m | −CN¥402.1m | −CN¥531.0m | −CN¥448.7m | −CN¥526.2m | −CN¥1.56bn | −CN¥57.6m |
| Net income | −CN¥185.0m | −CN¥268.3m | −CN¥379.8m | −CN¥469.0m | −CN¥302.8m | −CN¥2.63bn | −CN¥1.52bn | −CN¥241.8m |
| Diluted earnings per share | -0.23 | -0.37 | -0.58 | -0.74 | -0.49 | -4.86 | -30.33 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.77bn | CN¥4.63bn | CN¥3.81bn | CN¥3.55bn | CN¥3.88bn | CN¥3.03bn | CN¥1.50bn | CN¥110.2m |
| Cash and short-term investments | CN¥469.0m | CN¥896.0m | CN¥1.22bn | CN¥1.50bn | CN¥2.06bn | CN¥2.37bn | CN¥1.45bn | CN¥107.0m |
| Total liabilities | CN¥478.0m | CN¥233.2m | CN¥408.9m | CN¥343.7m | CN¥259.6m | CN¥113.3m | CN¥3.91bn | CN¥1.02bn |
| Debt | CN¥196.2m | CN¥25.8m | CN¥138.0m | CN¥29.6m | CN¥11.2m | CN¥7.2m | CN¥3.32bn | CN¥868.5m |
| Shareholders' equity | CN¥4.29bn | CN¥4.40bn | CN¥3.40bn | CN¥3.20bn | CN¥3.62bn | CN¥2.91bn | −CN¥2.41bn | −CN¥956.4m |
| Shares outstanding | 793m | 717m | 652m | 638m | 618m | 541m | 50m | 575m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥122.6m | −CN¥178.8m | −CN¥207.3m | −CN¥233.7m | −CN¥229.3m | −CN¥247.6m | −CN¥125.9m | −CN¥50.5m |
| Capital spending | −CN¥295.1m | −CN¥230.1m | −CN¥421.5m | −CN¥361.1m | −CN¥774.4m | −CN¥354.8m | −CN¥892,246 | −CN¥323,818 |
| Free cash flow | −CN¥417.8m | −CN¥409.0m | −CN¥628.8m | −CN¥594.8m | −CN¥1.00bn | −CN¥602.4m | −CN¥126.8m | −CN¥50.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥486.7m | CN¥594.4m | CN¥342.5m | CN¥249.7m | CN¥167.6m | CN¥142.7m | CN¥120.8m | CN¥121.6m |
| Operating income | −CN¥113.2m | −CN¥29.6m | −CN¥157.0m | −CN¥145.7m | −CN¥160.7m | −CN¥177.3m | −CN¥261.9m | −CN¥276.5m |
| Net income | −CN¥113.7m | −CN¥30.9m | −CN¥154.1m | −CN¥116.9m | −CN¥151.3m | −CN¥171.4m | −CN¥242.7m | −CN¥244.6m |
| Diluted earnings per share | -0.14 | -0.04 | -0.19 | -0.16 | -0.21 | -0.26 | -0.37 | -0.38 |
| Cash from operations | — | −CN¥10.0m | −CN¥112.0m | −CN¥64.0m | −CN¥114.0m | −CN¥70.0m | −CN¥137.0m | −CN¥175.0m |
| Capital spending | — | −CN¥289.0m | −CN¥6.0m | −CN¥28.0m | −CN¥18.0m | −CN¥65.0m | −CN¥29.0m | −CN¥64.0m |
| Free cash flow | — | −CN¥299.0m | −CN¥118.0m | −CN¥92.0m | −CN¥132.0m | −CN¥135.0m | −CN¥166.0m | −CN¥239.0m |
| Total assets | CN¥4.80bn | CN¥4.77bn | CN¥4.54bn | CN¥3.97bn | CN¥3.03bn | CN¥3.27bn | CN¥3.50bn | CN¥3.55bn |
| Cash and short-term investments | CN¥312.5m | CN¥637.7m | CN¥673.6m | CN¥769.2m | CN¥972.9m | CN¥1.05bn | CN¥1.18bn | CN¥1.50bn |
| Debt | CN¥112.1m | CN¥196.2m | CN¥96.9m | CN¥25.8m | CN¥15.3m | CN¥138.0m | CN¥28.5m | CN¥34.5m |
| Shareholders' equity | CN¥4.22bn | CN¥4.29bn | CN¥4.26bn | CN¥3.77bn | CN¥2.77bn | CN¥2.92bn | CN¥3.20bn | CN¥3.20bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -19.9% | -63.5% | -153.5% | -251.9% | -462.1% | -17293.9% |
| Net margin | -19.7% | -64.3% | -154.2% | -253.3% | -463.1% | -17236.5% |
| Return on equity | -4.3% | -7.1% | -13.0% | -14.6% | -8.4% | -90.2% |
| Return on assets | -3.9% | -6.8% | -11.6% | -13.2% | -7.8% | -86.8% |
| Free cash flow yield | 3.8% | 1.4% | 5.7% | 3.5% | 15.3% | 3.4% |
| Revenue growth | 92.7% | 69.4% | 55.0% | 183.1% | 328.7% | 6792.6% |
| Earnings growth | -40.8% | -29.4% | -5.7% | 54.9% | -88.5% | 73.4% |
| Current ratio | 3.70x | 6.31x | 3.82x | 5.88x | 8.50x | 22.88x |
| Debt to equity | 0.05x | 0.01x | 0.05x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 90.0% | 95.0% | 89.3% | 90.3% | 93.3% | 96.3% |
| Interest coverage | -67.26x | -122.56x | -285.40x | -223.33x | -457.54x | -38386.56x |
| R&D as a share of sales | 9.3% | 27.3% | 50.2% | 115.9% | 301.1% | 1371.0% |
| Buybacks as a share of market value | -10.7% | -9.9% | -2.2% | -3.1% | -14.3% | -982.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 71.7% | 127.9% | — |
| Operating income | -29.4% | -18.7% | — |
| Net income | -26.7% | -41.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -36.4% | -79.9% | -128.6% | — |
| Net margin | -33.5% | -72.9% | -226.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -27.9 | -10.6 | -10.1 | -11.7 | -31.4 | -4.9 |
| Price to sales | 5.5 | 6.8 | 15.6 | 29.7 | 145.6 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.