H 
2.19
-1.35%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥559.1m
FY2016FY2025
Net income
CN¥1.25bn
FY2016FY2025
Free cash flow
−CN¥69.5m
FY2016FY2025
Shareholders' equity
CN¥1.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥559.1m | CN¥255.9m | CN¥76.6m | CN¥20.5m | — | CN¥8.7m | CN¥22.3m | CN¥9.1m | CN¥10.5m | CN¥595,000 |
| Research and development | CN¥164.8m | CN¥215.1m | CN¥171.5m | CN¥150.8m | CN¥217.5m | CN¥221.0m | CN¥321.9m | CN¥269.1m | CN¥125.3m | CN¥75.3m |
| Operating income | −CN¥164.3m | −CN¥352.6m | −CN¥289.1m | −CN¥311.0m | −CN¥374.7m | −CN¥352.4m | −CN¥422.6m | −CN¥399.3m | −CN¥145.9m | −CN¥94.2m |
| Net income | CN¥1.25bn | −CN¥250.1m | −CN¥211.2m | −CN¥237.3m | −CN¥379.3m | −CN¥396.4m | −CN¥427.9m | −CN¥3.60bn | −CN¥272.7m | −CN¥361.3m |
| Diluted earnings per share | 1.19 | -0.25 | -0.22 | -0.24 | -0.40 | -0.42 | -0.45 | -5.11 | -0.26 | -0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.71bn | CN¥1.53bn | CN¥2.01bn | CN¥1.31bn | CN¥1.05bn | CN¥1.20bn | CN¥1.25bn | CN¥1.49bn | CN¥245.8m | CN¥226.7m |
| Cash and short-term investments | CN¥1.27bn | CN¥1.14bn | CN¥1.70bn | CN¥571.3m | CN¥786.2m | CN¥1.03bn | CN¥1.11bn | CN¥1.44bn | CN¥188.8m | CN¥222.9m |
| Total liabilities | CN¥539.6m | CN¥1.66bn | CN¥1.89bn | CN¥980.3m | CN¥527.7m | CN¥466.0m | CN¥194.0m | CN¥86.8m | CN¥1.19bn | CN¥892.9m |
| Debt | CN¥351.2m | CN¥300.2m | CN¥167.8m | CN¥97.6m | CN¥71.5m | CN¥80.7m | CN¥90.0m | — | CN¥1.14bn | CN¥855.5m |
| Shareholders' equity | CN¥1.17bn | −CN¥135.5m | CN¥117.8m | CN¥325.5m | CN¥524.3m | CN¥732.5m | CN¥1.06bn | CN¥1.40bn | −CN¥953.9m | −CN¥670.1m |
| Shares outstanding | 1,057m | 982m | 980m | 975m | 960m | 952m | 945m | 705m | 1,052m | 1,052m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥60.7m | −CN¥418.0m | CN¥889.4m | −CN¥267.9m | −CN¥317.8m | −CN¥20.9m | −CN¥342.1m | −CN¥269.4m | −CN¥198.7m | −CN¥76.1m |
| Capital spending | −CN¥8.8m | −CN¥3.9m | −CN¥9.8m | −CN¥32.0m | −CN¥77.9m | −CN¥25.7m | −CN¥10.3m | −CN¥5.1m | −CN¥2.4m | −CN¥647,000 |
| Free cash flow | −CN¥69.5m | −CN¥421.8m | CN¥879.5m | −CN¥299.9m | −CN¥395.7m | −CN¥46.6m | −CN¥352.4m | −CN¥274.5m | −CN¥201.1m | −CN¥76.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥435.1m | CN¥315.4m | CN¥253.2m | CN¥153.2m | CN¥89.2m | CN¥102.7m | CN¥59.8m | CN¥6.3m |
| Operating income | −CN¥30.6m | −CN¥91.1m | −CN¥76.0m | −CN¥166.1m | −CN¥96.7m | −CN¥194.2m | −CN¥113.1m | −CN¥204.2m |
| Net income | −CN¥34.7m | −CN¥88.8m | CN¥1.38bn | −CN¥107.9m | −CN¥62.8m | −CN¥142.2m | −CN¥82.8m | −CN¥121.1m |
| Diluted earnings per share | -0.03 | -0.08 | 1.30 | -0.11 | -0.06 | -0.14 | -0.08 | -0.12 |
| Cash from operations | — | CN¥36.0m | −CN¥98.0m | −CN¥191.0m | −CN¥111.0m | −CN¥226.0m | −CN¥132.0m | CN¥734.0m |
| Capital spending | — | −CN¥1.0m | −CN¥7.0m | — | — | — | — | −CN¥3.0m |
| Free cash flow | — | CN¥35.0m | −CN¥105.0m | — | — | — | — | CN¥731.0m |
| Total assets | CN¥1.76bn | CN¥1.71bn | CN¥1.65bn | CN¥1.53bn | CN¥1.78bn | CN¥1.65bn | CN¥1.93bn | CN¥1.73bn |
| Cash and short-term investments | CN¥1.25bn | CN¥1.27bn | CN¥1.19bn | CN¥1.14bn | CN¥1.33bn | CN¥1.34bn | CN¥1.56bn | CN¥1.46bn |
| Debt | CN¥273.7m | CN¥351.2m | CN¥315.6m | CN¥300.2m | CN¥134.5m | CN¥272.4m | CN¥107.4m | CN¥167.8m |
| Shareholders' equity | CN¥1.16bn | CN¥1.17bn | CN¥1.23bn | −CN¥135.5m | −CN¥157.7m | −CN¥33.2m | −CN¥38.6m | CN¥101.2m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -29.4% | -140.8% | -265.4% | -1135.5% | — | -4067.2% | -2004.9% | — |
| Net margin | 224.4% | -97.8% | -275.7% | -1157.8% | — | -4575.6% | -1922.5% | — |
| Return on equity | 107.0% | 184.7% | -208.8% | -72.9% | -72.3% | -54.1% | — | — |
| Return on assets | 73.3% | -16.4% | -12.2% | -18.2% | -36.1% | -33.1% | — | — |
| Free cash flow yield | -1.9% | -19.2% | 41.7% | -9.4% | -9.8% | 0.2% | — | — |
| Revenue growth | 87.6% | 234.0% | 335.3% | — | — | -61.1% | 143.8% | -13.2% |
| Earnings growth | -530.8% | 18.4% | 3.7% | -37.4% | -17.8% | -7.4% | — | — |
| Current ratio | 6.17x | 4.05x | 6.24x | 4.99x | 6.59x | 9.81x | — | — |
| Debt to equity | 0.27x | -1.88x | 1.47x | 0.20x | 0.07x | 0.02x | — | — |
| Equity ratio | 68.5% | -8.9% | 5.9% | 24.9% | 49.8% | 61.1% | — | — |
| Interest coverage | -17.79x | -41.85x | -25.71x | -54.50x | -81.46x | -80.16x | — | — |
| R&D as a share of sales | 29.5% | 84.1% | 223.9% | 736.0% | — | 2550.3% | 1446.3% | — |
| Buybacks as a share of market value | -7.6% | -0.2% | -0.5% | -1.6% | -0.8% | -0.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 201.0% | 130.1% | — |
| Operating income | -19.2% | -14.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.3 | -5.0 | -8.0 | -13.5 | -8.4 | -12.2 | -9.7 | -1.4 |
| Price to sales | 5.1 | 4.9 | 22.2 | 156.6 | — | — | 187.1 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.