Y 
2.66
-7.64%
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¥790.5m
FY2018FY2026
Net income
CN¥70.2m
FY2018FY2026
Free cash flow
−CN¥51.6m
FY2018FY2026
Shareholders' equity
CN¥3.63bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥790.5m | CN¥607.5m | CN¥685.8m | CN¥683.8m | CN¥1.24bn | CN¥867.0m | CN¥558.1m | CN¥102.0m | CN¥22.7m |
| Gross profit | CN¥288.0m | CN¥203.2m | CN¥288.4m | CN¥233.2m | CN¥396.9m | CN¥327.3m | CN¥146.5m | CN¥5.7m | −CN¥934,000 |
| Research and development | CN¥159.1m | CN¥158.5m | CN¥197.9m | CN¥291.0m | CN¥368.7m | CN¥221.9m | CN¥263.7m | CN¥257.6m | CN¥153.6m |
| Operating income | −CN¥90.3m | −CN¥114.0m | −CN¥186.9m | −CN¥524.8m | −CN¥759.8m | −CN¥453.3m | −CN¥597.4m | −CN¥432.2m | −CN¥252.3m |
| Net income | CN¥70.2m | −CN¥100.1m | −CN¥165.6m | −CN¥533.6m | −CN¥762.3m | −CN¥3.70bn | −CN¥1.51bn | −CN¥933.6m | −CN¥978.4m |
| Diluted earnings per share | 0.07 | -0.09 | -0.16 | -0.51 | -0.77 | -3.96 | -1.64 | -1.04 | -1.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.30bn | CN¥4.69bn | CN¥4.82bn | CN¥4.91bn | CN¥4.72bn | CN¥5.25bn | CN¥1.30bn | CN¥766.6m | CN¥652.8m |
| Cash and short-term investments | CN¥2.22bn | CN¥3.30bn | CN¥3.70bn | CN¥3.75bn | CN¥3.77bn | CN¥4.63bn | CN¥743.8m | CN¥508.3m | CN¥560.4m |
| Total liabilities | CN¥612.0m | CN¥711.4m | CN¥732.2m | CN¥755.4m | CN¥715.3m | CN¥497.7m | CN¥5.03bn | CN¥3.04bn | CN¥1.90bn |
| Debt | CN¥71.1m | CN¥129.5m | CN¥95.2m | CN¥14.1m | CN¥52.2m | CN¥26.4m | CN¥4.51bn | CN¥390.0m | CN¥282.5m |
| Shareholders' equity | CN¥3.63bn | CN¥3.92bn | CN¥4.02bn | CN¥4.08bn | CN¥3.99bn | CN¥4.73bn | −CN¥3.73bn | −CN¥2.28bn | −CN¥1.25bn |
| Shares outstanding | 1,079m | 1,060m | 1,057m | 1,050m | 989m | 935m | 918m | 902m | 902m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥22.0m | −CN¥211.4m | −CN¥326.4m | −CN¥357.0m | −CN¥614.7m | −CN¥331.7m | −CN¥360.6m | −CN¥372.7m | −CN¥167.7m |
| Capital spending | −CN¥29.6m | −CN¥86.6m | −CN¥40.8m | −CN¥17.6m | −CN¥57.5m | −CN¥19.0m | −CN¥31.5m | −CN¥47.5m | −CN¥20.4m |
| Free cash flow | −CN¥51.6m | −CN¥298.1m | −CN¥367.2m | −CN¥374.6m | −CN¥672.1m | −CN¥350.7m | −CN¥392.1m | −CN¥420.2m | −CN¥188.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥450.5m | CN¥358.1m | CN¥327.6m | CN¥279.9m | CN¥382.9m | CN¥356.5m | CN¥330.3m | CN¥474.4m |
| Gross profit | CN¥160.6m | CN¥134.0m | CN¥103.5m | CN¥99.7m | CN¥172.0m | CN¥136.2m | CN¥150.8m | CN¥123.7m |
| Operating income | CN¥27.8m | −CN¥15.7m | −CN¥67.9m | −CN¥46.1m | −CN¥120.3m | −CN¥144.2m | −CN¥314.2m | −CN¥291.5m |
| Net income | CN¥85.3m | −CN¥14.6m | −CN¥63.2m | −CN¥36.9m | −CN¥101.3m | −CN¥75.8m | −CN¥274.4m | −CN¥353.5m |
| Diluted earnings per share | 0.08 | -0.01 | -0.06 | -0.03 | -0.10 | -0.07 | -0.26 | -0.36 |
| Cash from operations | CN¥50.0m | CN¥21.0m | −CN¥112.0m | −CN¥116.0m | −CN¥35.0m | −CN¥290.0m | −CN¥119.0m | −CN¥237.0m |
| Capital spending | −CN¥9.0m | −CN¥2.0m | −CN¥85.0m | — | −CN¥1.0m | −CN¥39.0m | −CN¥11.0m | −CN¥28.0m |
| Free cash flow | CN¥41.0m | CN¥19.0m | −CN¥197.0m | — | −CN¥36.0m | −CN¥329.0m | −CN¥130.0m | −CN¥265.0m |
| Total assets | CN¥4.30bn | CN¥4.66bn | CN¥3.98bn | CN¥3.97bn | CN¥4.10bn | CN¥4.86bn | CN¥4.91bn | CN¥4.66bn |
| Cash and short-term investments | CN¥2.22bn | CN¥2.26bn | CN¥2.80bn | CN¥2.88bn | CN¥3.15bn | CN¥3.93bn | CN¥3.77bn | CN¥3.42bn |
| Debt | CN¥66.4m | CN¥125.7m | CN¥110.1m | CN¥47.5m | CN¥80.9m | CN¥15.6m | CN¥9.5m | CN¥26.9m |
| Shareholders' equity | CN¥3.63bn | CN¥3.88bn | CN¥3.33bn | CN¥3.34bn | CN¥3.42bn | CN¥4.15bn | CN¥4.08bn | CN¥4.05bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.4% | 33.5% | 42.1% | 34.1% | 32.1% | 37.8% |
| Operating margin | -11.4% | -18.6% | -27.0% | -77.8% | -61.6% | -425.6% |
| Net margin | 8.9% | -16.5% | -24.2% | -78.0% | -61.6% | -426.8% |
| Return on equity | 1.9% | -3.0% | -4.8% | -15.4% | -19.1% | -78.2% |
| Return on assets | 1.6% | -2.5% | -4.0% | -12.8% | -16.1% | -70.5% |
| Free cash flow yield | 0.2% | -4.8% | -9.3% | -11.2% | -19.5% | -11.5% |
| Revenue growth | 10.6% | -11.4% | 0.3% | -35.0% | 42.7% | 55.4% |
| Earnings growth | -159.6% | -39.6% | -69.0% | -17.6% | -79.4% | 145.1% |
| Current ratio | 4.81x | 6.24x | 6.77x | 6.72x | 7.44x | 12.42x |
| Debt to equity | 0.02x | 0.03x | 0.02x | 0.00x | 0.01x | 0.00x |
| Equity ratio | 84.5% | 83.6% | 83.4% | 83.1% | 84.5% | 90.1% |
| Interest coverage | -48.30x | -66.06x | -65.81x | -239.88x | -181.02x | -1120.59x |
| R&D as a share of sales | 20.1% | 26.1% | 28.9% | 42.6% | 29.8% | 25.6% |
| Buybacks as a share of market value | -1.8% | -0.3% | -0.7% | -6.2% | -5.7% | -1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.0% | -1.8% | — |
| Operating income | -44.4% | -27.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.1% | 36.6% | 35.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 45.8 | -50.0 | -28.7 | -9.1 | -7.2 | -4.9 |
| Price to sales | 4.1 | 8.2 | 6.9 | 7.1 | 4.5 | 20.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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