M 
0.25
+1.22%
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¥323.0m
FY2020FY2025
Net income
−CN¥68.9m
FY2020FY2025
Free cash flow
−CN¥98.3m
FY2020FY2025
Shareholders' equity
CN¥233.9m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥323.0m | CN¥390.3m | CN¥507.1m | CN¥500.2m | CN¥397.9m | CN¥264.5m |
| Gross profit | CN¥161.7m | CN¥203.4m | CN¥326.1m | CN¥336.2m | CN¥149.2m | CN¥79.7m |
| Research and development | CN¥77.7m | CN¥136.9m | CN¥154.7m | CN¥118.7m | CN¥91.5m | CN¥97.1m |
| Operating income | −CN¥67.8m | −CN¥207.1m | −CN¥47.5m | CN¥71.6m | −CN¥61.8m | −CN¥135.3m |
| Net income | −CN¥68.9m | −CN¥721.5m | −CN¥802.6m | −CN¥669.8m | −CN¥276.3m | CN¥90.5m |
| Diluted earnings per share | -0.04 | -0.52 | -1.09 | -0.91 | -0.18 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥364.9m | CN¥525.2m | CN¥407.1m | CN¥419.5m | CN¥606.5m | CN¥707.9m |
| Cash and short-term investments | CN¥257.0m | CN¥344.3m | CN¥226.2m | CN¥218.4m | CN¥144.6m | CN¥222.1m |
| Total liabilities | CN¥131.0m | CN¥220.9m | CN¥4.54bn | CN¥3.72bn | CN¥3.53bn | CN¥3.44bn |
| Debt | CN¥55.5m | CN¥29.2m | CN¥3.5m | CN¥29.6m | CN¥35.9m | CN¥44.5m |
| Shareholders' equity | CN¥233.9m | CN¥304.3m | −CN¥4.13bn | −CN¥3.30bn | −CN¥2.92bn | −CN¥2.73bn |
| Shares outstanding | 1,540m | 1,400m | 737m | 737m | 1,549m | 1,549m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥67.3m | −CN¥168.7m | CN¥28.4m | CN¥72.4m | −CN¥37.2m | −CN¥24.1m |
| Capital spending | −CN¥31.0m | −CN¥8.7m | −CN¥6.5m | −CN¥5.2m | −CN¥2.9m | −CN¥3.7m |
| Free cash flow | −CN¥98.3m | −CN¥177.4m | CN¥21.9m | CN¥67.3m | −CN¥40.1m | −CN¥27.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥78.7m | CN¥144.1m | CN¥178.9m | CN¥227.7m | CN¥162.7m | CN¥245.3m | CN¥261.8m | CN¥157.1m |
| Gross profit | CN¥36.7m | CN¥55.4m | CN¥106.3m | CN¥98.1m | CN¥105.3m | CN¥129.0m | CN¥197.1m | CN¥67.7m |
| Operating income | −CN¥49.2m | −CN¥65.9m | −CN¥1.8m | −CN¥108.9m | −CN¥98.1m | −CN¥85.0m | CN¥35.0m | −CN¥79.4m |
| Net income | −CN¥49.7m | −CN¥66.0m | −CN¥2.9m | −CN¥142.7m | −CN¥578.8m | −CN¥584.3m | −CN¥218.3m | −CN¥468.9m |
| Diluted earnings per share | -0.03 | -0.04 | -0.00 | -0.10 | -0.41 | -0.79 | -0.30 | -0.64 |
| Cash from operations | −CN¥35.0m | −CN¥18.0m | −CN¥54.0m | −CN¥119.0m | −CN¥49.0m | −CN¥106.0m | CN¥134.0m | −CN¥5.0m |
| Capital spending | — | −CN¥1.0m | −CN¥33.0m | −CN¥5.0m | −CN¥3.0m | −CN¥4.0m | −CN¥1.0m | −CN¥3.0m |
| Free cash flow | — | −CN¥19.0m | −CN¥87.0m | −CN¥124.0m | −CN¥52.0m | −CN¥110.0m | CN¥133.0m | −CN¥8.0m |
| Total assets | CN¥252.6m | CN¥364.9m | CN¥473.2m | CN¥525.2m | CN¥684.5m | CN¥407.1m | CN¥501.8m | CN¥419.5m |
| Cash and short-term investments | CN¥174.3m | CN¥257.0m | CN¥287.3m | CN¥344.3m | CN¥465.1m | CN¥226.2m | CN¥337.5m | CN¥218.4m |
| Debt | CN¥24.3m | CN¥54.5m | CN¥47.5m | CN¥29.2m | CN¥31.2m | CN¥3.1m | CN¥12.2m | CN¥26.8m |
| Shareholders' equity | CN¥185.1m | CN¥233.9m | CN¥301.2m | CN¥304.3m | CN¥455.7m | −CN¥4.13bn | −CN¥3.65bn | −CN¥3.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.6% | 4.1% | — |
| Operating income | — | -12.9% | — |
| Net income | -53.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.2% | 59.7% | 52.7% | — |
| Operating margin | -38.5% | -14.6% | -18.8% | — |
| Net margin | -110.8% | -131.5% | -102.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -10.8 | -1.1 |
| Price to sales | 2.3 | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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