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0.96
+0.52%
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¥316.2m
FY2021FY2025
Net income
CN¥9.6m
FY2021FY2025
Free cash flow
CN¥36.0m
FY2021FY2025
Shareholders' equity
CN¥1.08bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥316.2m | CN¥408.6m | CN¥492.0m | CN¥467.6m | CN¥790.5m |
| Gross profit | CN¥198.0m | CN¥255.1m | CN¥312.5m | CN¥284.8m | CN¥496.4m |
| Research and development | CN¥12.9m | CN¥10.8m | CN¥11.4m | — | — |
| Operating income | CN¥14.9m | CN¥41.4m | CN¥85.8m | CN¥72.5m | CN¥267.1m |
| Net income | CN¥9.6m | −CN¥123.0m | −CN¥15.5m | CN¥45.2m | CN¥56.0m |
| Diluted earnings per share | 0.01 | -0.15 | -0.02 | 0.14 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥1.44bn | CN¥1.25bn | CN¥1.15bn | CN¥1.03bn | CN¥980.5m |
| Cash and short-term investments | CN¥972.8m | CN¥1.05bn | CN¥938.9m | CN¥466.5m | CN¥436.0m |
| Total liabilities | CN¥325.5m | CN¥312.7m | CN¥752.0m | CN¥856.0m | CN¥660.1m |
| Debt | CN¥165.5m | CN¥199.6m | CN¥510.3m | CN¥408.2m | CN¥286.1m |
| Shareholders' equity | CN¥1.08bn | CN¥926.3m | CN¥394.9m | CN¥132.7m | CN¥90.4m |
| Shares outstanding | 833m | 833m | 770m | 331m | 305m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥37.0m | CN¥9.4m | CN¥123.4m | CN¥95.3m | CN¥220.1m |
| Capital spending | −CN¥985,183 | −CN¥2.2m | −CN¥7.2m | −CN¥4.6m | −CN¥7.3m |
| Free cash flow | CN¥36.0m | CN¥7.2m | CN¥116.2m | CN¥90.7m | CN¥212.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥88.3m | CN¥150.7m | CN¥165.5m | CN¥217.3m | CN¥191.3m | CN¥111.6m | CN¥265.7m | CN¥264.0m |
| Gross profit | CN¥49.6m | CN¥93.9m | CN¥104.1m | CN¥131.4m | CN¥123.7m | CN¥72.1m | CN¥167.3m | CN¥169.4m |
| Operating income | −CN¥14.7m | CN¥2.8m | CN¥19.4m | CN¥23.0m | CN¥6.9m | CN¥4.0m | CN¥41.1m | CN¥36.5m |
| Net income | −CN¥19.3m | CN¥3.3m | CN¥6.4m | CN¥24.6m | −CN¥147.6m | −CN¥86.1m | CN¥34.4m | −CN¥58.2m |
| Diluted earnings per share | -0.02 | 0.00 | 0.01 | 0.03 | -0.18 | -0.10 | 0.04 | -0.08 |
| Cash from operations | — | CN¥23.0m | CN¥15.0m | CN¥73.0m | −CN¥63.0m | −CN¥37.0m | CN¥92.0m | CN¥36.0m |
| Capital spending | — | — | — | −CN¥1.0m | — | — | −CN¥5.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥72.0m | — | — | CN¥87.0m | CN¥35.0m |
| Total assets | CN¥1.42bn | CN¥1.44bn | CN¥1.45bn | CN¥1.25bn | CN¥1.18bn | CN¥1.37bn | CN¥1.34bn | — |
| Cash and short-term investments | CN¥103.4m | CN¥972.8m | CN¥1.23bn | CN¥1.05bn | CN¥968.0m | CN¥1.13bn | CN¥1.10bn | CN¥544.2m |
| Debt | CN¥205.0m | CN¥165.5m | CN¥220.5m | CN¥199.6m | CN¥146.7m | CN¥116.8m | CN¥98.3m | — |
| Shareholders' equity | CN¥1.06bn | CN¥1.08bn | CN¥1.08bn | CN¥926.3m | CN¥893.9m | CN¥1.04bn | CN¥460.6m | CN¥198.3m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 62.6% | 62.4% | 63.5% | 60.9% | 62.8% |
| Operating margin | 9.9% | -23.3% | 4.8% | 22.7% | 34.4% |
| Net margin | 3.0% | -30.1% | -3.2% | 9.7% | 7.1% |
| Return on equity | 0.9% | -13.3% | -3.9% | 34.1% | 61.9% |
| Return on assets | 0.7% | -9.8% | -1.4% | 4.4% | 5.7% |
| Free cash flow yield | — | 1.3% | 19.0% | — | — |
| Revenue growth | -33.7% | -16.9% | 5.2% | -31.0% | — |
| Earnings growth | -106.7% | 693.1% | -134.3% | -5.7% | — |
| Current ratio | 4.89x | 4.42x | 3.21x | 1.83x | 2.33x |
| Debt to equity | 0.15x | 0.16x | 1.16x | 2.68x | 0.43x |
| Equity ratio | 75.3% | 74.1% | 34.4% | 12.9% | 9.2% |
| Interest coverage | 3.94x | -15.05x | 4.13x | 18.54x | 47.30x |
| R&D as a share of sales | 4.1% | 2.6% | 2.3% | — | — |
| Buybacks as a share of market value | 0.1% | -8.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.4% | — | — |
| Operating income | -41.0% | — | — |
| Net income | -40.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.5% | 62.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 201.2 | -29.2 |
| Price to sales | 6.3 | 8.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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