D 
0.99
-2.94%
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¥586.6m
FY2017FY2025
Net income
CN¥151.6m
FY2017FY2025
Free cash flow
CN¥27.0m
FY2017FY2025
Shareholders' equity
CN¥1.71bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥586.6m | CN¥787.2m | CN¥815.1m | CN¥569.1m | CN¥911.3m | CN¥677.1m | CN¥142.7m | CN¥55.6m |
| Gross profit | CN¥388.7m | CN¥567.0m | CN¥605.4m | CN¥427.6m | CN¥737.0m | CN¥490.8m | −CN¥80.0m | CN¥23.5m |
| Research and development | CN¥122.1m | CN¥139.1m | CN¥121.7m | CN¥89.0m | CN¥70.1m | CN¥46.6m | CN¥24.4m | CN¥9.7m |
| Operating income | CN¥30.3m | CN¥179.4m | CN¥109.1m | CN¥37.3m | CN¥309.1m | CN¥159.5m | −CN¥1.46bn | −CN¥112.6m |
| Net income | CN¥151.6m | CN¥1.00bn | CN¥300.4m | −CN¥187.6m | CN¥2.02bn | −CN¥881.3m | −CN¥1.65bn | CN¥220.6m |
| Diluted earnings per share | 0.18 | 0.98 | 0.31 | -0.19 | 2.03 | -2.55 | -6.78 | 0.91 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.37bn | CN¥1.95bn | CN¥1.57bn | CN¥1.42bn | CN¥1.72bn | CN¥960.1m | CN¥286.9m | CN¥239.4m |
| Cash and short-term investments | CN¥2.15bn | CN¥1.30bn | CN¥1.04bn | CN¥814.0m | CN¥825.0m | CN¥595.7m | CN¥144.4m | CN¥186.8m |
| Total liabilities | CN¥661.0m | CN¥623.5m | CN¥4.88bn | CN¥5.59bn | CN¥6.80bn | CN¥4.46bn | CN¥2.80bn | CN¥831.8m |
| Debt | CN¥14.3m | CN¥10.1m | CN¥4.5m | CN¥5.1m | CN¥1.89bn | CN¥3.2m | CN¥4.0m | CN¥2.1m |
| Shareholders' equity | CN¥1.71bn | CN¥1.33bn | −CN¥3.31bn | −CN¥3.72bn | −CN¥4.16bn | −CN¥3.50bn | −CN¥2.51bn | −CN¥592.5m |
| Shares outstanding | 847m | 1,020m | 973m | 994m | 994m | 346m | 243m | 243m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥27.1m | CN¥109.0m | CN¥230.2m | CN¥107.4m | CN¥158.1m | CN¥464.5m | −CN¥1.06bn | −CN¥131.1m |
| Capital spending | −CN¥133,059 | −CN¥619,000 | −CN¥2.2m | −CN¥1.4m | −CN¥8.3m | −CN¥805,746 | −CN¥33.8m | −CN¥3.3m |
| Free cash flow | CN¥27.0m | CN¥108.4m | CN¥228.0m | CN¥106.0m | CN¥149.8m | CN¥463.7m | −CN¥1.09bn | −CN¥134.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥193.1m | CN¥252.3m | CN¥334.3m | CN¥383.1m | CN¥223.6m | CN¥404.1m | CN¥236.1m | CN¥489.1m |
| Gross profit | CN¥122.0m | CN¥164.8m | CN¥223.9m | CN¥270.9m | CN¥158.1m | CN¥296.1m | CN¥173.0m | CN¥354.0m |
| Operating income | CN¥2.5m | −CN¥18.9m | CN¥49.2m | CN¥64.9m | CN¥27.0m | CN¥114.6m | CN¥66.9m | CN¥84.1m |
| Net income | −CN¥72.8m | −CN¥5.2m | CN¥156.8m | CN¥56.5m | CN¥33.0m | CN¥947.9m | CN¥553.9m | CN¥607.7m |
| Diluted earnings per share | -0.07 | -0.01 | 0.19 | 0.06 | 0.03 | 0.93 | 0.54 | 0.62 |
| Cash from operations | −CN¥37.0m | −CN¥19.0m | CN¥65.0m | CN¥105.0m | CN¥61.0m | CN¥4.0m | CN¥2.0m | CN¥91.0m |
| Total assets | CN¥2.23bn | CN¥2.37bn | CN¥2.41bn | CN¥1.95bn | CN¥2.28bn | CN¥1.90bn | CN¥2.23bn | CN¥1.84bn |
| Cash and short-term investments | CN¥2.00bn | CN¥2.15bn | CN¥1.64bn | CN¥1.30bn | CN¥1.52bn | CN¥1.25bn | CN¥1.46bn | CN¥1.21bn |
| Debt | CN¥2.9m | CN¥14.3m | CN¥8.2m | CN¥10.1m | CN¥6.7m | CN¥12.9m | CN¥7.4m | CN¥4.97bn |
| Shareholders' equity | CN¥1.64bn | CN¥1.71bn | CN¥1.71bn | CN¥1.33bn | CN¥1.55bn | CN¥1.24bn | CN¥1.45bn | −CN¥3.86bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 66.3% | 72.0% | 74.3% | 75.1% | 80.9% | — | 72.5% |
| Operating margin | 5.2% | 22.8% | 13.4% | 6.5% | 33.9% | — | 23.6% |
| Net margin | 25.8% | 127.6% | 36.9% | -33.0% | 221.8% | — | -130.2% |
| Return on equity | 8.9% | 75.8% | -9.1% | 5.0% | -48.6% | — | 25.2% |
| Return on assets | 6.4% | 51.5% | 19.1% | -13.2% | 117.8% | — | -91.8% |
| Free cash flow yield | 2.8% | 10.9% | 24.0% | — | — | — | 116.7% |
| Revenue growth | -36.2% | -3.4% | 43.2% | -27.1% | 34.6% | — | 374.6% |
| Earnings growth | -87.1% | 234.4% | -260.1% | -110.8% | -329.3% | — | -46.6% |
| Current ratio | 3.38x | 2.83x | 0.30x | 0.23x | 0.31x | — | 1.05x |
| Debt to equity | 0.01x | 0.00x | -1.29x | -1.20x | -1.19x | — | -0.00x |
| Equity ratio | 72.1% | 68.0% | -210.3% | -262.6% | -242.1% | — | -364.1% |
| Interest coverage | 110.17x | 487.60x | 382.86x | 161.97x | 966.12x | — | 36.17x |
| R&D as a share of sales | 20.8% | 17.7% | 14.9% | 15.6% | 7.7% | — | 6.9% |
| Buybacks as a share of market value | 16.9% | -4.9% | -185.1% | — | — | 1.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.0% | -2.8% | — |
| Operating income | -6.6% | -28.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.6% | 72.1% | 74.0% | — |
| Operating margin | 15.3% | 12.9% | 19.0% | — |
| Net margin | 84.1% | 46.0% | 55.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 6.3 | 0.8 |
| Price to sales | 1.6 | 1.1 |
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.