T 
8.04
-0.62%
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
—
FY2019FY2025
Net income
−CN¥296.0m
FY2019FY2025
Free cash flow
−CN¥253.7m
FY2019FY2025
Shareholders' equity
CN¥416.4m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | CN¥1.2m | CN¥124,000 | CN¥61.8m | — |
| Gross profit | — | — | CN¥1.2m | CN¥124,000 | — | −CN¥3.4m |
| Research and development | CN¥246.8m | CN¥244.0m | CN¥379,047 | CN¥297,321 | CN¥76.5m | CN¥72.2m |
| Operating income | −CN¥300.2m | −CN¥286.7m | −CN¥390.5m | −CN¥312.3m | −CN¥43.9m | −CN¥98.4m |
| Net income | −CN¥296.0m | −CN¥274.6m | −CN¥344.1m | −CN¥250.0m | −CN¥80.7m | −CN¥110.9m |
| Diluted earnings per share | -0.75 | -719.63 | -901.79 | -0.62 | -0.20 | -0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥545.9m | CN¥629.6m | CN¥887.1m | CN¥1.35bn | CN¥344.9m | CN¥50.1m |
| Cash and short-term investments | CN¥489.1m | CN¥572.5m | CN¥838.2m | CN¥1.11bn | CN¥279.3m | CN¥27.8m |
| Total liabilities | CN¥129.5m | CN¥104.6m | CN¥103.9m | CN¥111.0m | CN¥578.9m | CN¥200.4m |
| Debt | CN¥1.6m | CN¥4.4m | CN¥4.8m | CN¥3.0m | CN¥490.7m | CN¥160.0m |
| Shareholders' equity | CN¥416.4m | CN¥525.0m | CN¥783.2m | CN¥1.24bn | −CN¥233.9m | −CN¥154.2m |
| Shares outstanding | 397m | 0m | 0m | 402m | 402m | 402m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥253.5m | −CN¥271.2m | −CN¥319.3m | −CN¥241.9m | −CN¥66.7m | −CN¥60.8m |
| Capital spending | −CN¥164,000 | −CN¥773,000 | −CN¥11.8m | −CN¥2.1m | −CN¥9.9m | −CN¥328,620 |
| Free cash flow | −CN¥253.7m | −CN¥272.0m | −CN¥331.1m | −CN¥244.0m | −CN¥76.6m | −CN¥61.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥35.0m | — | — | — | — | — | — | — |
| Gross profit | CN¥33.0m | −CN¥2.3m | — | −CN¥2.6m | — | −CN¥3.0m | — | −CN¥3.5m |
| Operating income | −CN¥96.2m | −CN¥299.9m | −CN¥95,984 | −CN¥123.4m | −CN¥67,468 | −CN¥64,441 | −CN¥67,104 | −CN¥286.5m |
| Net income | −CN¥94.1m | −CN¥174.0m | −CN¥94,603 | −CN¥121.8m | −CN¥65,837 | −CN¥60,747 | −CN¥63,259 | −CN¥274.6m |
| Diluted earnings per share | -0.23 | -0.44 | -0.00 | -0.31 | -0.00 | -0.16 | -0.17 | -719.55 |
| Cash from operations | — | −CN¥144.0m | — | −CN¥106.0m | — | −CN¥149.0m | — | −CN¥124.0m |
| Total assets | CN¥987.2m | CN¥545.9m | CN¥596.7m | CN¥692.9m | CN¥742.6m | CN¥629.6m | CN¥697.4m | CN¥770.8m |
| Cash and short-term investments | CN¥925.2m | CN¥489.1m | CN¥534.9m | CN¥635.9m | CN¥637.5m | CN¥572.5m | CN¥573.9m | CN¥718.6m |
| Debt | CN¥2.7m | CN¥1.6m | CN¥1.8m | CN¥3.1m | CN¥2.8m | CN¥3.2m | CN¥3.2m | CN¥4.1m |
| Shareholders' equity | CN¥878.0m | CN¥416.4m | CN¥455.1m | CN¥582.2m | CN¥624.0m | CN¥525.0m | CN¥581.6m | CN¥630.9m |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Gross margin | — | — | 99.9% | 100.0% | — | — |
| Operating margin | — | — | -33045.2% | -285.3% | -71.0% | — |
| Net margin | — | — | -29119.3% | -201642.0% | -130.7% | — |
| Return on equity | -71.1% | -52.3% | -43.9% | -20.2% | 34.5% | 71.9% |
| Return on assets | -54.2% | -43.6% | -38.8% | -18.6% | -23.4% | -221.2% |
| Free cash flow yield | -6.3% | -7016.0% | -7979.3% | — | — | — |
| Revenue growth | — | — | 853.0% | -99.8% | — | — |
| Earnings growth | 7.8% | -20.2% | 37.6% | 209.8% | -27.2% | — |
| Current ratio | 3.87x | 5.66x | 8.24x | 11.97x | 3.09x | 2.72x |
| Debt to equity | 0.00x | 0.01x | 0.00x | 0.00x | -0.37x | -0.01x |
| Equity ratio | 76.3% | 83.4% | 88.3% | 91.8% | -67.8% | -307.6% |
| Interest coverage | -2480.84x | -1426.27x | -1571.36x | -1.91x | -1.16x | -5.99x |
| R&D as a share of sales | — | — | 32.1% | 239.8% | 123.9% | — |
| Buybacks as a share of market value | -103908.8% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -1.3% | 25.0% | — |
| Net income | 5.8% | 21.7% | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -54.9 |
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.