E 
3.03
-0.33%
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¥174.5m
FY2016FY2025
Net income
−CN¥1.79bn
FY2016FY2025
Free cash flow
−CN¥12.1m
FY2016FY2025
Shareholders' equity
CN¥1.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥174.5m | CN¥547.9m | CN¥1.17bn | CN¥1.61bn | CN¥2.00bn | CN¥2.14bn | CN¥2.08bn | CN¥2.41bn | CN¥1.94bn | CN¥1.66bn |
| Research and development | CN¥19.1m | CN¥28.1m | CN¥81.1m | CN¥81.1m | CN¥112.4m | CN¥71.7m | CN¥90.2m | CN¥85.9m | CN¥95.5m | CN¥42.3m |
| Operating income | −CN¥262.6m | −CN¥888.7m | −CN¥285.5m | CN¥76.3m | CN¥85.0m | CN¥174.8m | CN¥229.6m | CN¥108.2m | CN¥179.2m | CN¥171.7m |
| Net income | −CN¥1.79bn | −CN¥941.5m | −CN¥236.4m | CN¥69.4m | CN¥99.0m | CN¥157.7m | CN¥150.0m | CN¥26.4m | CN¥138.7m | CN¥153.4m |
| Diluted earnings per share | -2.26 | -1.17 | -0.63 | 0.13 | 0.15 | 0.24 | 0.22 | 0.03 | 0.20 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.88bn | CN¥5.92bn | CN¥6.97bn | CN¥6.56bn | CN¥6.59bn | CN¥6.71bn | CN¥6.47bn | CN¥6.14bn | CN¥5.82bn | CN¥5.47bn |
| Cash and short-term investments | — | CN¥431.8m | CN¥756.3m | CN¥324.9m | CN¥426.0m | CN¥699.7m | CN¥634.2m | CN¥679.0m | CN¥1.45bn | CN¥1.31bn |
| Total liabilities | CN¥2.48bn | CN¥2.68bn | CN¥2.73bn | CN¥3.04bn | CN¥3.11bn | CN¥3.21bn | CN¥3.14bn | CN¥2.86bn | CN¥2.70bn | CN¥2.45bn |
| Debt | CN¥55.0m | CN¥1.62bn | CN¥1.53bn | CN¥1.54bn | CN¥1.68bn | CN¥1.74bn | CN¥1.63bn | CN¥1.15bn | CN¥847.0m | CN¥475.5m |
| Shareholders' equity | CN¥1.41bn | CN¥3.22bn | CN¥4.21bn | CN¥3.50bn | CN¥3.45bn | CN¥3.47bn | CN¥3.29bn | CN¥3.24bn | CN¥3.07bn | CN¥2.98bn |
| Shares outstanding | 793m | 803m | 377m | 524m | 650m | 658m | 670m | 790m | 701m | 693m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥979,575 | −CN¥346.9m | −CN¥251.5m | CN¥90.0m | −CN¥260.4m | −CN¥91.5m | CN¥13.1m | CN¥13.3m | −CN¥215.4m | −CN¥137.1m |
| Capital spending | −CN¥13.1m | −CN¥186.5m | −CN¥179.0m | −CN¥59.2m | −CN¥170.7m | −CN¥75.1m | −CN¥456.1m | −CN¥403.0m | −CN¥28.9m | −CN¥138.0m |
| Free cash flow | −CN¥12.1m | −CN¥533.4m | −CN¥430.5m | CN¥30.9m | −CN¥431.1m | −CN¥166.5m | −CN¥442.9m | −CN¥389.7m | −CN¥244.3m | −CN¥275.1m |
| Dividends paid | −CN¥79.4m | −CN¥102.1m | −CN¥70.9m | −CN¥23.0m | −CN¥88.6m | −CN¥19.7m | −CN¥19.7m | −CN¥101.1m | −CN¥78.4m | −CN¥38.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.7m | CN¥51.3m | CN¥43.9m | CN¥9.2m | CN¥61.2m | CN¥60.3m | CN¥3.3m | CN¥29.8m |
| Operating income | −CN¥32.5m | −CN¥32.2m | −CN¥161.8m | −CN¥232.1m | −CN¥258.9m | −CN¥59.2m | −CN¥745.1m | −CN¥116.6m |
| Net income | −CN¥479.6m | −CN¥71.1m | −CN¥1.25bn | −CN¥222.6m | −CN¥250.6m | −CN¥70.4m | −CN¥774.3m | −CN¥98.8m |
| Diluted earnings per share | -0.60 | -0.09 | -1.57 | -0.28 | -0.32 | -0.09 | -0.96 | -0.12 |
| Cash from operations | — | — | — | CN¥35.0m | CN¥3.0m | −CN¥59.0m | — | CN¥47.0m |
| Capital spending | — | — | — | −CN¥9.0m | −CN¥3.0m | — | −CN¥73.0m | −CN¥30.0m |
| Free cash flow | — | — | — | CN¥26.0m | CN¥0 | — | — | CN¥17.0m |
| Total assets | CN¥3.36bn | CN¥3.81bn | CN¥3.88bn | CN¥5.12bn | CN¥5.60bn | CN¥5.81bn | CN¥5.92bn | CN¥6.84bn |
| Cash and short-term investments | — | — | — | CN¥217.9m | CN¥236.1m | CN¥324.6m | CN¥431.8m | CN¥349.2m |
| Debt | CN¥55.0m | CN¥55.0m | CN¥55.0m | CN¥1.46bn | CN¥1.56bn | CN¥1.58bn | CN¥1.61bn | CN¥1.59bn |
| Shareholders' equity | CN¥854.0m | CN¥1.33bn | CN¥1.41bn | CN¥2.68bn | CN¥2.90bn | CN¥3.15bn | CN¥3.22bn | CN¥4.04bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -888.1% | -162.2% | -17.7% | 9.5% | 9.7% | 12.7% |
| Net margin | -1025.1% | -171.8% | -20.2% | 4.3% | 4.9% | 7.4% |
| Return on equity | -127.3% | -29.2% | -5.6% | 2.0% | 2.9% | 4.5% |
| Return on assets | -46.1% | -15.9% | -3.4% | 1.1% | 1.5% | 2.3% |
| Free cash flow yield | 0.5% | -6.1% | -5.9% | 8.7% | -4.2% | -0.8% |
| Revenue growth | -68.1% | -53.1% | -27.5% | -19.4% | -6.5% | 2.8% |
| Earnings growth | 90.1% | 298.3% | -440.6% | -29.9% | -37.2% | 5.1% |
| Current ratio | 1.00x | 1.61x | 1.97x | 1.60x | 1.56x | 1.40x |
| Debt to equity | 0.04x | 0.50x | 0.36x | 0.44x | 0.48x | 0.51x |
| Equity ratio | 36.2% | 54.4% | 60.4% | 53.3% | 52.4% | 51.7% |
| Interest coverage | -19.23x | -8.01x | -2.64x | 1.95x | 2.22x | 2.78x |
| R&D as a share of sales | 11.0% | 5.1% | 6.9% | 5.0% | 5.6% | 3.4% |
| Buybacks as a share of market value | 1.3% | -113.1% | 28.1% | 19.3% | 1.1% | 1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -52.3% | -39.4% | -21.4% |
| Operating income | — | — | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -159.4% | -38.8% | -14.4% | -3.5% |
| Net margin | -378.0% | -82.7% | -34.6% | -11.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -3.1 | -13.2 | 47.7 | 58.1 | 34.4 | 37.5 | 193.6 | 59.1 | 71.3 |
| Price to sales | 15.9 | 5.4 | 2.7 | 2.0 | 2.9 | 2.5 | 2.7 | 2.1 | 4.2 | 6.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2022.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.03 | 0.03 | 0.05 | 0.05 | 0.02 | 0.045 | 0.02 |
- 11-for-5 split · 2 Jun 2015
- 3-for-2 split · 9 May 2011
- 2-for-1 split · 18 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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