C 
11.16
+14.34%
Close of 9 Nov 2026, in CNY
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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¥769.0m
FY2016FY2025
Net income
−CN¥134.7m
FY2016FY2025
Free cash flow
CN¥23.2m
FY2016FY2025
Shareholders' equity
CN¥1.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥769.0m | CN¥795.6m | CN¥895.6m | CN¥884.6m | CN¥1.23bn | CN¥1.58bn | CN¥1.86bn | CN¥1.56bn | CN¥1.28bn | CN¥990.2m |
| Research and development | CN¥61.2m | CN¥76.5m | CN¥99.8m | CN¥80.6m | CN¥100.2m | CN¥107.4m | CN¥164.0m | CN¥42.7m | CN¥33.7m | CN¥26.7m |
| Operating income | −CN¥101.6m | −CN¥105.8m | CN¥56.2m | −CN¥96.0m | −CN¥70.1m | −CN¥346.1m | −CN¥168.9m | CN¥109.5m | CN¥48.3m | −CN¥6.7m |
| Net income | −CN¥134.7m | −CN¥87.8m | −CN¥8.9m | −CN¥68.7m | −CN¥100.5m | −CN¥326.8m | −CN¥155.2m | CN¥98.0m | CN¥55.6m | CN¥7.0m |
| Diluted earnings per share | -0.13 | -0.08 | -0.01 | -0.07 | -0.09 | -0.36 | -0.19 | 0.12 | 0.07 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.57bn | CN¥2.86bn | CN¥2.89bn | CN¥3.05bn | CN¥2.93bn | CN¥3.15bn | CN¥3.50bn | CN¥3.14bn | CN¥2.74bn | CN¥2.48bn |
| Cash and short-term investments | CN¥926.1m | CN¥1.07bn | CN¥836.4m | CN¥846.3m | CN¥559.4m | CN¥544.9m | CN¥436.7m | CN¥314.6m | CN¥213.8m | CN¥183.1m |
| Total liabilities | CN¥806.2m | CN¥972.5m | CN¥768.7m | CN¥870.0m | CN¥714.6m | CN¥1.92bn | CN¥1.85bn | CN¥1.42bn | CN¥1.02bn | CN¥809.9m |
| Debt | CN¥378.9m | CN¥388.2m | CN¥242.5m | CN¥365.3m | CN¥194.7m | CN¥1.16bn | CN¥1.25bn | CN¥881.5m | CN¥555.8m | CN¥530.9m |
| Shareholders' equity | CN¥1.76bn | CN¥1.88bn | CN¥2.08bn | CN¥2.12bn | CN¥2.16bn | CN¥1.17bn | CN¥1.56bn | CN¥1.70bn | CN¥1.69bn | CN¥1.63bn |
| Shares outstanding | 1,056m | 1,051m | 1,032m | 1,054m | 1,059m | 914m | 811m | 810m | 832m | 668m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥61.3m | CN¥185.0m | CN¥81.5m | CN¥57.1m | CN¥108.3m | CN¥224.5m | CN¥231.3m | CN¥225.9m | CN¥61.4m | CN¥125.7m |
| Capital spending | −CN¥38.2m | −CN¥75.5m | −CN¥59.3m | −CN¥68.2m | −CN¥38.7m | −CN¥43.6m | −CN¥63.1m | −CN¥125.9m | −CN¥21.2m | −CN¥77.0m |
| Free cash flow | CN¥23.2m | CN¥109.5m | CN¥22.2m | −CN¥11.1m | CN¥69.6m | CN¥181.0m | CN¥168.2m | CN¥100.0m | CN¥40.2m | CN¥48.7m |
| Dividends paid | −CN¥12.3m | −CN¥10.8m | −CN¥11.8m | −CN¥17.5m | −CN¥29.1m | −CN¥40.6m | −CN¥40.6m | −CN¥93.9m | −CN¥74.7m | −CN¥55.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥168.2m | CN¥182.2m | CN¥194.6m | CN¥200.4m | CN¥178.8m | CN¥198.4m | CN¥190.0m | CN¥223.9m |
| Operating income | CN¥1.1m | −CN¥4.9m | −CN¥100.8m | −CN¥25.3m | −CN¥13.7m | −CN¥15.2m | −CN¥65.0m | −CN¥27.4m |
| Net income | −CN¥8.4m | −CN¥15.0m | −CN¥88.8m | −CN¥14.5m | −CN¥17.6m | −CN¥13.8m | −CN¥61.4m | −CN¥27.7m |
| Diluted earnings per share | -0.01 | -0.01 | -0.08 | -0.01 | -0.02 | -0.01 | -0.06 | -0.03 |
| Cash from operations | — | — | CN¥56.0m | −CN¥14.0m | CN¥41.0m | −CN¥41.0m | — | CN¥42.0m |
| Capital spending | −CN¥4.0m | −CN¥7.0m | −CN¥8.0m | −CN¥10.0m | −CN¥7.0m | −CN¥12.0m | −CN¥18.0m | −CN¥18.0m |
| Free cash flow | — | — | CN¥48.0m | −CN¥24.0m | CN¥34.0m | −CN¥53.0m | — | CN¥24.0m |
| Total assets | CN¥2.73bn | CN¥2.61bn | CN¥2.57bn | CN¥2.76bn | CN¥2.69bn | CN¥2.64bn | CN¥2.86bn | CN¥3.04bn |
| Cash and short-term investments | — | — | CN¥926.1m | CN¥1.05bn | CN¥980.0m | CN¥850.0m | CN¥1.07bn | CN¥1.09bn |
| Debt | CN¥105.8m | CN¥47.5m | CN¥377.4m | CN¥436.6m | CN¥296.0m | CN¥253.5m | CN¥384.4m | CN¥293.1m |
| Shareholders' equity | CN¥1.73bn | CN¥1.74bn | CN¥1.76bn | CN¥1.84bn | CN¥1.85bn | CN¥1.86bn | CN¥1.88bn | CN¥2.06bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -13.2% | -8.1% | 1.8% | -6.2% | -6.0% | -16.3% |
| Net margin | -17.5% | -11.0% | -1.0% | -7.8% | -8.2% | -20.6% |
| Return on equity | -7.7% | -4.7% | -0.4% | -3.2% | -4.7% | -27.9% |
| Return on assets | -5.2% | -3.1% | -0.3% | -2.2% | -3.4% | -10.4% |
| Free cash flow yield | 1.7% | 4.5% | 2.5% | 2.2% | 2.5% | 5.4% |
| Revenue growth | -3.3% | -11.2% | 1.2% | -27.8% | -22.6% | -14.8% |
| Earnings growth | 53.4% | 883.5% | -87.0% | -31.7% | -69.2% | 110.5% |
| Current ratio | 2.09x | 2.21x | 2.93x | 2.49x | 2.59x | 1.00x |
| Debt to equity | 0.21x | 0.20x | 0.12x | 0.13x | 0.06x | 0.81x |
| Equity ratio | 68.2% | 65.7% | 72.0% | 69.5% | 73.7% | 37.2% |
| Interest coverage | -7.32x | -5.73x | 1.29x | -2.67x | -2.29x | -2.99x |
| R&D as a share of sales | 8.0% | 9.6% | 11.1% | 9.1% | 8.2% | 6.8% |
| Buybacks as a share of market value | -0.4% | -1.9% | 2.1% | 0.4% | -15.9% | -12.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | -13.5% | -2.2% |
| Operating income | 1.9% | -21.7% | — |
| Net income | 25.2% | -16.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.3% | -7.4% | -10.8% | -5.2% |
| Net margin | -14.2% | -9.0% | -11.8% | -5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -40.3 | -43.8 | -429.9 | -58.5 | -71.8 | -20.8 | -29.5 | 29.8 | 95.3 | — |
| Price to sales | 7.1 | 4.8 | 4.3 | 4.5 | 5.9 | 4.3 | 2.5 | 1.9 | 4.1 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.05 | 0.028 | 0.028 | 0.028 | 0.028 |
- 18-for-5 split · 24 May 2016
- 2-for-1 split · 12 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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