C 
2.59
-0.38%
Close of 4 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¥1.10bn
FY2021FY2025
Net income
CN¥13.5m
FY2021FY2025
Free cash flow
CN¥7.5m
FY2021FY2025
Shareholders' equity
CN¥571.5m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥707.6m | CN¥695.9m | CN¥548.8m | CN¥540.9m |
| Gross profit | CN¥111.9m | CN¥89.6m | CN¥87.6m | CN¥68.9m | CN¥65.8m |
| Research and development | CN¥38.6m | CN¥23.8m | CN¥22.2m | CN¥23.6m | CN¥19.8m |
| Operating income | CN¥19.7m | CN¥17.6m | CN¥21.5m | CN¥12.7m | CN¥19.8m |
| Net income | CN¥13.5m | CN¥12.1m | CN¥13.9m | CN¥8.0m | CN¥14.8m |
| Diluted earnings per share | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥1.61bn | CN¥911.4m | CN¥501.7m | CN¥313.3m | CN¥294.7m |
| Cash and short-term investments | CN¥703.8m | CN¥371.9m | CN¥162.3m | CN¥78.0m | CN¥54.8m |
| Total liabilities | CN¥1.01bn | CN¥505.5m | CN¥446.8m | CN¥267.6m | CN¥250.8m |
| Debt | CN¥480.3m | CN¥263.3m | CN¥168.0m | CN¥67.2m | CN¥42.1m |
| Shareholders' equity | CN¥571.5m | CN¥402.4m | CN¥54.1m | CN¥45.7m | CN¥43.9m |
| Shares outstanding | 482m | 461m | 375m | 464m | 464m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥49.8m | −CN¥238.0m | CN¥33.9m | CN¥16.6m | CN¥79.6m |
| Capital spending | −CN¥42.3m | −CN¥17.3m | −CN¥12.9m | −CN¥8.5m | −CN¥6.7m |
| Free cash flow | CN¥7.5m | −CN¥255.3m | CN¥21.0m | CN¥8.1m | CN¥72.9m |
| Dividends paid | — | — | −CN¥30.0m | — | −CN¥2.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥836.0m | CN¥625.4m | CN¥473.9m | CN¥337.9m | CN¥196.9m | CN¥369.7m | CN¥215.4m | CN¥394.1m |
| Gross profit | CN¥77.0m | CN¥56.3m | CN¥55.6m | CN¥42.5m | CN¥24.8m | CN¥47.1m | CN¥27.4m | CN¥39.9m |
| Operating income | CN¥32.6m | CN¥673,441 | CN¥19.0m | −CN¥263,000 | −CN¥153,214 | CN¥13.5m | CN¥7.9m | CN¥1.2m |
| Net income | CN¥29.7m | −CN¥3.7m | CN¥17.1m | −CN¥229,000 | −CN¥133,407 | CN¥12.3m | CN¥7.2m | CN¥1.0m |
| Diluted earnings per share | 0.06 | -0.01 | 0.04 | -0.00 | -0.00 | 0.03 | 0.02 | 0.00 |
| Cash from operations | — | CN¥103.0m | −CN¥63.0m | CN¥159.0m | — | −CN¥397.0m | −CN¥231.0m | CN¥149.0m |
| Capital spending | — | −CN¥31.0m | −CN¥10.0m | −CN¥6.0m | — | −CN¥10.0m | −CN¥5.0m | −CN¥4.0m |
| Free cash flow | — | CN¥72.0m | −CN¥73.0m | CN¥153.0m | — | −CN¥407.0m | −CN¥236.0m | CN¥145.0m |
| Total assets | CN¥2.05bn | CN¥1.61bn | CN¥1.12bn | CN¥911.4m | CN¥1.06bn | CN¥878.3m | CN¥1.02bn | CN¥584.6m |
| Cash and short-term investments | CN¥570.5m | CN¥703.8m | CN¥406.9m | CN¥371.9m | CN¥433.3m | CN¥165.1m | CN¥192.4m | CN¥189.7m |
| Debt | CN¥538.3m | CN¥480.3m | CN¥343.5m | CN¥263.3m | CN¥306.8m | CN¥247.9m | CN¥288.4m | CN¥195.0m |
| Shareholders' equity | CN¥594.6m | CN¥571.5m | CN¥483.8m | CN¥402.4m | CN¥468.9m | CN¥405.4m | CN¥472.3m | CN¥63.1m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 10.2% | 12.7% | 12.6% | 12.6% | 12.2% |
| Operating margin | 1.7% | 1.9% | 2.7% | 1.8% | 3.7% |
| Net margin | 1.2% | 1.7% | 2.0% | 1.5% | 2.7% |
| Return on equity | 2.4% | 3.0% | 25.7% | 17.6% | 33.7% |
| Return on assets | 0.8% | 1.3% | 2.8% | 2.6% | 5.0% |
| Free cash flow yield | 3.4% | -19.9% | 3.5% | — | — |
| Revenue growth | 33.3% | 1.7% | 26.8% | 18.2% | — |
| Earnings growth | -4.5% | -13.2% | 73.3% | -36.7% | — |
| Current ratio | 1.51x | 1.63x | 0.89x | 1.11x | 1.11x |
| Debt to equity | 0.82x | 0.65x | 3.09x | 1.47x | 1.12x |
| Equity ratio | 35.5% | 44.2% | 10.8% | 14.6% | 14.9% |
| Interest coverage | 1.61x | 1.55x | 4.68x | 4.21x | 7.43x |
| R&D as a share of sales | 3.5% | 3.4% | 3.2% | 4.3% | 3.7% |
| Buybacks as a share of market value | -4.5% | -23.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.8% | — | — |
| Operating income | 15.7% | — | — |
| Net income | 18.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.2% | 11.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 124.1 | 95.8 |
| Price to sales | 1.5 | 1.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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