B 
9.07
+0.44%
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¥202.0m
FY2019FY2025
Net income
−CN¥29.1m
FY2019FY2025
Free cash flow
−CN¥24.6m
FY2019FY2025
Shareholders' equity
CN¥1.43bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥202.0m | CN¥156.4m | CN¥204.0m | CN¥132.5m | CN¥134.3m | CN¥55.6m | CN¥35.5m |
| Gross profit | CN¥148.5m | CN¥86.7m | CN¥125.1m | CN¥65.1m | CN¥81.9m | CN¥33.9m | CN¥18.8m |
| Research and development | CN¥67.7m | CN¥101.7m | CN¥111.6m | CN¥146.5m | CN¥74.9m | CN¥49.3m | CN¥48.1m |
| Operating income | −CN¥42.4m | −CN¥201.8m | −CN¥186.1m | −CN¥281.5m | −CN¥165.9m | −CN¥60.5m | −CN¥60.7m |
| Net income | −CN¥29.1m | −CN¥255.5m | −CN¥132.5m | −CN¥209.9m | −CN¥166.3m | −CN¥93.4m | −CN¥101.6m |
| Diluted earnings per share | -0.28 | -2.50 | -1.28 | -2.00 | -1.93 | -2.10 | -0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.53bn | CN¥1.65bn | CN¥1.96bn | CN¥2.03bn | CN¥2.21bn | CN¥508.1m | CN¥279.1m |
| Cash and short-term investments | CN¥758.8m | CN¥903.5m | CN¥1.33bn | CN¥1.65bn | CN¥2.08bn | CN¥436.9m | CN¥204.9m |
| Total liabilities | CN¥102.7m | CN¥157.3m | CN¥148.2m | CN¥80.0m | CN¥86.5m | CN¥31.8m | CN¥464.9m |
| Debt | CN¥31.4m | CN¥31.9m | CN¥9.4m | CN¥8.0m | CN¥8.2m | CN¥519,000 | CN¥519,000 |
| Shareholders' equity | CN¥1.43bn | CN¥1.48bn | CN¥1.80bn | CN¥1.94bn | CN¥2.12bn | CN¥476.0m | −CN¥185.8m |
| Shares outstanding | 103m | 102m | 103m | 105m | 86m | 44m | 104m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥23.4m | −CN¥165.4m | CN¥27.3m | −CN¥443.6m | −CN¥130.7m | −CN¥50.0m | −CN¥68.4m |
| Capital spending | −CN¥1.2m | −CN¥2.1m | −CN¥17.9m | −CN¥14.1m | −CN¥32.7m | −CN¥25.6m | −CN¥2.3m |
| Free cash flow | −CN¥24.6m | −CN¥167.5m | CN¥9.4m | −CN¥457.8m | −CN¥163.4m | −CN¥75.5m | −CN¥70.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥77.4m | CN¥104.4m | CN¥97.6m | CN¥62.7m | CN¥36.5m | CN¥93.7m | CN¥54.6m | CN¥121.5m |
| Gross profit | CN¥48.0m | CN¥73.8m | CN¥74.8m | CN¥32.9m | CN¥19.2m | CN¥53.8m | CN¥31.3m | CN¥73.8m |
| Operating income | −CN¥33.6m | −CN¥23.7m | −CN¥18.7m | −CN¥62.5m | −CN¥82.2m | −CN¥21.7m | −CN¥58.4m | −CN¥112.2m |
| Net income | −CN¥56.2m | −CN¥27.2m | −CN¥2.0m | −CN¥175.0m | −CN¥102.0m | −CN¥80.5m | −CN¥46.9m | −CN¥95.6m |
| Diluted earnings per share | -0.56 | -0.26 | -0.02 | -1.71 | -1.00 | -0.79 | -0.46 | -0.92 |
| Cash from operations | — | −CN¥3.0m | −CN¥22.0m | −CN¥97.0m | — | −CN¥68.0m | −CN¥39.0m | CN¥139.0m |
| Capital spending | — | — | −CN¥2.0m | −CN¥6.0m | — | −CN¥7.0m | −CN¥4.0m | −CN¥15.0m |
| Free cash flow | — | — | −CN¥24.0m | −CN¥103.0m | — | −CN¥75.0m | −CN¥43.0m | CN¥124.0m |
| Total assets | CN¥1.47bn | CN¥1.53bn | CN¥1.60bn | CN¥1.41bn | CN¥1.65bn | CN¥1.55bn | CN¥1.80bn | CN¥1.68bn |
| Cash and short-term investments | CN¥793.3m | CN¥758.8m | CN¥721.4m | CN¥774.8m | CN¥903.5m | CN¥909.7m | CN¥1.06bn | CN¥1.14bn |
| Debt | CN¥27.0m | CN¥31.4m | CN¥9.5m | CN¥31.9m | CN¥36.7m | CN¥4.1m | CN¥4.1m | CN¥18.0m |
| Shareholders' equity | CN¥1.35bn | CN¥1.43bn | CN¥1.48bn | CN¥1.27bn | CN¥1.48bn | CN¥1.46bn | CN¥1.70bn | CN¥1.54bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.1% | 29.4% | — |
| Operating income | -46.8% | -6.9% | — |
| Net income | -48.2% | -20.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 65.6% | 61.2% | 61.2% | — |
| Operating margin | -68.1% | -102.4% | -106.0% | — |
| Net margin | -79.4% | -90.2% | -100.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -36.3 | -4.6 | -8.6 | -6.5 | -18.1 |
| Price to sales | 5.2 | 7.6 | 5.6 | 10.2 | 22.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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