Z 
0.39
+2.63%
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¥448.4m
FY2020FY2025
Net income
CN¥7.4m
FY2020FY2025
Free cash flow
−CN¥259.0m
FY2020FY2025
Shareholders' equity
CN¥431.7m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥448.4m | CN¥551.1m | CN¥609.3m | CN¥413.1m | CN¥479.1m | CN¥318.2m |
| Gross profit | CN¥66.8m | CN¥106.2m | CN¥149.3m | CN¥103.6m | CN¥108.1m | CN¥78.9m |
| Research and development | CN¥15.7m | CN¥25.7m | CN¥25.9m | CN¥17.7m | CN¥19.2m | CN¥15.8m |
| Operating income | CN¥23.1m | CN¥38.8m | CN¥86.7m | CN¥54.3m | CN¥52.4m | CN¥45.4m |
| Net income | CN¥7.4m | CN¥9.7m | CN¥68.6m | CN¥34.5m | CN¥36.2m | CN¥30.5m |
| Diluted earnings per share | 0.01 | 0.02 | 0.14 | 34.47 | 36.17 | 30.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥1.51bn | CN¥1.40bn | CN¥1.16bn | CN¥1.03bn | CN¥897.0m | CN¥692.7m |
| Cash and short-term investments | CN¥63.8m | CN¥135.0m | CN¥81.6m | CN¥68.7m | CN¥39.9m | CN¥16.8m |
| Total liabilities | CN¥1.08bn | CN¥977.7m | CN¥1.03bn | CN¥847.2m | CN¥772.5m | CN¥561.0m |
| Debt | CN¥565.3m | CN¥373.6m | CN¥347.7m | CN¥375.3m | CN¥311.6m | CN¥207.6m |
| Shareholders' equity | CN¥431.7m | CN¥423.9m | CN¥128.2m | CN¥185.3m | CN¥124.5m | CN¥129.7m |
| Shares outstanding | 640m | 639m | 480m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥258.1m | −CN¥103.1m | CN¥48.4m | −CN¥36.7m | −CN¥12.2m | CN¥45.0m |
| Capital spending | −CN¥917,616 | −CN¥5.6m | −CN¥863,000 | −CN¥9.9m | −CN¥9.2m | −CN¥506,744 |
| Free cash flow | −CN¥259.0m | −CN¥108.8m | CN¥47.6m | −CN¥46.6m | −CN¥21.4m | CN¥44.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥179.5m | CN¥295.6m | CN¥159.7m | CN¥313.8m | CN¥239.2m | CN¥366.0m | CN¥243.3m | CN¥240.2m |
| Gross profit | CN¥26.4m | CN¥41.6m | CN¥26.2m | CN¥54.9m | CN¥51.7m | CN¥89.7m | CN¥59.6m | CN¥59.4m |
| Operating income | CN¥8.2m | CN¥8.9m | CN¥13.4m | CN¥12.9m | CN¥25.9m | CN¥56.2m | CN¥30.5m | CN¥28.8m |
| Net income | −CN¥3.3m | CN¥3.4m | CN¥4.2m | −CN¥8.9m | CN¥18.7m | CN¥46.9m | CN¥21.7m | CN¥17.2m |
| Diluted earnings per share | -0.01 | 0.01 | 0.01 | -0.01 | 0.03 | 0.10 | 0.05 | 17.24 |
| Cash from operations | — | −CN¥32.0m | −CN¥237.0m | −CN¥65.0m | −CN¥43.0m | CN¥16.0m | CN¥31.0m | −CN¥29.0m |
| Capital spending | — | — | — | −CN¥4.0m | — | — | — | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥69.0m | — | — | — | −CN¥33.0m |
| Total assets | CN¥1.55bn | CN¥1.51bn | CN¥1.42bn | CN¥1.40bn | CN¥1.19bn | CN¥1.16bn | — | CN¥1.16bn |
| Cash and short-term investments | CN¥59.7m | CN¥63.8m | CN¥47.4m | CN¥135.0m | CN¥9.8m | CN¥81.6m | — | CN¥83.1m |
| Debt | CN¥603.2m | CN¥565.3m | CN¥545.0m | CN¥373.6m | CN¥339.6m | CN¥347.6m | — | CN¥375.2m |
| Shareholders' equity | CN¥428.1m | CN¥431.7m | CN¥428.1m | CN¥423.9m | CN¥274.4m | CN¥141.2m | — | CN¥208.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.8% | 7.1% | — |
| Operating income | -24.8% | -12.6% | — |
| Net income | -40.0% | -24.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.3% | 21.1% | 21.7% | — |
| Operating margin | 6.2% | 10.0% | 10.7% | — |
| Net margin | 1.7% | 5.9% | 6.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 29.8 | 18.5 |
| Price to sales | 0.5 | 0.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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