J 
4.19
+2.20%
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¥1.02bn
FY2021FY2025
Net income
CN¥4.4m
FY2021FY2025
Free cash flow
CN¥67.2m
FY2021FY2025
Shareholders' equity
CN¥2.32bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.02bn | CN¥760.6m | CN¥928.9m | CN¥784.4m | CN¥689.4m |
| Gross profit | CN¥343.8m | CN¥277.3m | CN¥332.6m | CN¥236.9m | CN¥204.0m |
| Research and development | CN¥18.3m | CN¥11.5m | CN¥12.8m | CN¥11.5m | CN¥13.8m |
| Operating income | CN¥58.0m | −CN¥32.8m | CN¥72.2m | CN¥31.4m | −CN¥349.9m |
| Net income | CN¥4.4m | −CN¥45.9m | CN¥44.4m | CN¥364,000 | −CN¥420.1m |
| Diluted earnings per share | 0.01 | -0.13 | 0.13 | 0.00 | -1.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥3.33bn | CN¥2.64bn | CN¥1.88bn | CN¥1.99bn | CN¥2.06bn |
| Cash and short-term investments | CN¥729.2m | CN¥306.0m | CN¥215.8m | CN¥355.6m | CN¥509.7m |
| Total liabilities | CN¥994.2m | CN¥908.1m | CN¥543.5m | CN¥673.2m | CN¥752.5m |
| Debt | CN¥499.2m | CN¥396.2m | CN¥386.0m | CN¥483.1m | CN¥569.3m |
| Shareholders' equity | CN¥2.32bn | CN¥1.70bn | CN¥1.29bn | CN¥1.27bn | CN¥1.27bn |
| Shares outstanding | 358m | 356m | 338m | 338m | 308m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥206.6m | CN¥12.7m | CN¥201.4m | CN¥198.2m | CN¥21.0m |
| Capital spending | −CN¥139.4m | −CN¥311.5m | −CN¥96.5m | −CN¥271.6m | −CN¥166.2m |
| Free cash flow | CN¥67.2m | −CN¥298.8m | CN¥104.9m | −CN¥73.5m | −CN¥145.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥589.2m | CN¥472.9m | CN¥543.9m | CN¥346.9m | CN¥413.7m | CN¥240.9m | CN¥399.1m | CN¥617.0m |
| Gross profit | CN¥141.2m | CN¥184.0m | CN¥159.8m | CN¥117.7m | CN¥159.7m | CN¥93.0m | CN¥144.0m | CN¥219.7m |
| Operating income | −CN¥108.4m | CN¥14.5m | CN¥43.5m | −CN¥42.5m | CN¥15.4m | CN¥9.0m | −CN¥835,000 | CN¥85.1m |
| Net income | −CN¥16.0m | −CN¥14.8m | CN¥19.1m | −CN¥49.8m | CN¥3.8m | CN¥2.2m | CN¥1.4m | CN¥50.1m |
| Diluted earnings per share | -0.04 | -0.04 | 0.05 | -0.14 | 0.01 | 0.01 | 0.00 | 0.15 |
| Cash from operations | — | CN¥77.0m | CN¥108.0m | −CN¥21.0m | CN¥34.0m | CN¥19.0m | CN¥104.0m | CN¥113.0m |
| Capital spending | — | −CN¥111.0m | −CN¥21.0m | −CN¥124.0m | −CN¥179.0m | −CN¥104.0m | −CN¥45.0m | −CN¥54.0m |
| Free cash flow | — | −CN¥34.0m | CN¥87.0m | −CN¥145.0m | −CN¥145.0m | −CN¥85.0m | CN¥59.0m | CN¥59.0m |
| Total assets | CN¥3.47bn | CN¥3.33bn | CN¥2.82bn | CN¥2.26bn | CN¥2.18bn | CN¥2.54bn | CN¥2.19bn | — |
| Cash and short-term investments | CN¥682.2m | CN¥729.2m | CN¥444.5m | CN¥262.8m | CN¥322.5m | CN¥375.6m | CN¥224.0m | CN¥414.1m |
| Debt | CN¥420.7m | CN¥499.2m | CN¥615.3m | CN¥578.6m | CN¥432.3m | CN¥226.8m | CN¥191.9m | — |
| Shareholders' equity | CN¥2.29bn | CN¥2.32bn | CN¥1.86bn | CN¥1.46bn | CN¥1.52bn | CN¥1.78bn | CN¥1.51bn | CN¥1.53bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 33.8% | 36.5% | 35.8% | 30.2% | 29.6% |
| Operating margin | 2.8% | -3.4% | 7.3% | 4.9% | -50.8% |
| Net margin | 0.4% | -6.0% | 4.8% | 0.0% | -60.9% |
| Return on equity | 0.2% | -3.2% | 3.4% | 0.0% | -28.4% |
| Return on assets | 0.1% | -2.0% | 2.4% | 0.0% | -17.5% |
| Free cash flow yield | 11.0% | 0.8% | 13.2% | — | — |
| Revenue growth | 14.8% | -18.1% | 18.4% | 32.5% | — |
| Earnings growth | -108.2% | -203.4% | 12101.9% | -100.1% | — |
| Current ratio | 2.79x | 2.24x | 1.96x | 1.85x | 2.31x |
| Debt to equity | 0.22x | 0.23x | 0.19x | 0.30x | 0.32x |
| Equity ratio | 69.7% | 64.3% | 68.8% | 64.0% | 61.7% |
| Interest coverage | 0.85x | -1.03x | 2.75x | 1.03x | -4.83x |
| R&D as a share of sales | 1.8% | 1.5% | 1.4% | 1.5% | 2.0% |
| Buybacks as a share of market value | -0.4% | -5.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.2% | — | — |
| Operating income | 22.7% | — | — |
| Net income | 128.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.9% | 34.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | — | -476.1 |
| Price to sales | 2.6 | 30.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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