H 
14.29
+5.07%
Close of 9 Nov 2026, in CNY
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¥781.6m
FY2016FY2025
Net income
−CN¥69.2m
FY2016FY2025
Free cash flow
−CN¥8.4m
FY2016FY2025
Shareholders' equity
CN¥1.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥781.6m | CN¥546.9m | CN¥709.6m | CN¥385.1m | CN¥665.0m | CN¥645.1m | CN¥640.9m | CN¥679.1m | CN¥570.9m | CN¥418.5m |
| Gross profit | CN¥232.2m | CN¥152.8m | CN¥239.4m | CN¥135.4m | CN¥260.9m | CN¥232.8m | CN¥256.3m | CN¥299.3m | CN¥281.4m | CN¥202.6m |
| Research and development | CN¥70.4m | CN¥164.2m | CN¥74.5m | CN¥73.2m | CN¥35.6m | CN¥53.0m | CN¥37.2m | CN¥35.7m | CN¥31.5m | CN¥41.3m |
| Operating income | — | −CN¥157.6m | CN¥29.7m | −CN¥129.6m | −CN¥220.9m | CN¥42.3m | −CN¥141.8m | CN¥136.0m | CN¥86.6m | CN¥17.5m |
| Net income | −CN¥69.2m | −CN¥143.0m | CN¥17.6m | −CN¥110.3m | −CN¥228.0m | CN¥27.8m | −CN¥147.5m | CN¥118.1m | CN¥81.3m | CN¥51.0m |
| Diluted earnings per share | -0.10 | -0.23 | 0.05 | -0.18 | -0.37 | 0.05 | -0.24 | 0.21 | 0.16 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.40bn | CN¥2.45bn | CN¥2.39bn | CN¥2.28bn | CN¥2.21bn | CN¥2.39bn | CN¥2.31bn | CN¥2.35bn | CN¥1.87bn | CN¥1.26bn |
| Cash and short-term investments | — | CN¥246.0m | CN¥291.2m | CN¥387.2m | CN¥212.8m | CN¥248.3m | CN¥203.6m | CN¥239.3m | CN¥98.5m | CN¥164.6m |
| Total liabilities | CN¥863.7m | CN¥838.8m | CN¥639.4m | CN¥550.9m | CN¥690.0m | CN¥645.6m | CN¥601.4m | CN¥462.3m | CN¥506.5m | CN¥262.8m |
| Debt | — | CN¥26.9m | CN¥88.7m | CN¥56.0m | CN¥168.6m | CN¥147.6m | CN¥106.9m | CN¥40.9m | CN¥186.9m | CN¥13.5m |
| Shareholders' equity | CN¥1.53bn | CN¥1.60bn | CN¥1.74bn | CN¥1.72bn | CN¥1.51bn | CN¥1.74bn | CN¥1.70bn | CN¥1.88bn | CN¥1.36bn | CN¥997.4m |
| Shares outstanding | 665m | 614m | 355m | 606m | 615m | 614m | 615m | 572m | 509m | 603m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥188.4m | CN¥274.5m | CN¥108.8m | CN¥80.6m | CN¥108.1m | CN¥109.6m | CN¥30.4m | CN¥7.4m | −CN¥90.5m | CN¥27.3m |
| Capital spending | −CN¥196.9m | −CN¥264.7m | −CN¥143.8m | −CN¥115.5m | −CN¥129.4m | −CN¥95.2m | −CN¥144.8m | −CN¥95.0m | −CN¥22.2m | −CN¥83.5m |
| Free cash flow | −CN¥8.4m | CN¥9.9m | −CN¥35.0m | −CN¥34.9m | −CN¥21.3m | CN¥14.4m | −CN¥114.4m | −CN¥87.6m | −CN¥112.7m | −CN¥56.2m |
| Dividends paid | −CN¥2.1m | −CN¥1.5m | −CN¥1.9m | −CN¥4.2m | −CN¥13.5m | −CN¥7.6m | −CN¥15.1m | −CN¥12.4m | −CN¥7.8m | −CN¥1.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥92.0m | CN¥146.8m | CN¥217.6m | CN¥231.7m | CN¥195.0m | CN¥137.3m | CN¥100.4m | CN¥79.1m |
| Gross profit | CN¥35.4m | CN¥45.6m | CN¥61.5m | CN¥58.9m | CN¥69.3m | CN¥42.4m | −CN¥7.5m | CN¥24.5m |
| Operating income | −CN¥35.2m | −CN¥17.0m | −CN¥20.6m | CN¥7.5m | CN¥23.6m | −CN¥18.9m | −CN¥124.5m | −CN¥35.9m |
| Net income | −CN¥24.1m | −CN¥12.0m | −CN¥78.6m | CN¥6.4m | CN¥20.3m | −CN¥17.4m | −CN¥114.2m | −CN¥31.6m |
| Diluted earnings per share | -0.04 | -0.02 | -0.12 | 0.01 | 0.03 | -0.03 | -0.19 | -0.05 |
| Cash from operations | — | — | — | — | CN¥43.0m | −CN¥18.0m | CN¥209.0m | −CN¥12.0m |
| Capital spending | −CN¥30.0m | −CN¥6.0m | −CN¥114.0m | −CN¥26.0m | −CN¥46.0m | −CN¥9.0m | −CN¥180.0m | −CN¥30.0m |
| Free cash flow | — | — | — | — | −CN¥3.0m | −CN¥27.0m | CN¥29.0m | −CN¥42.0m |
| Total assets | CN¥2.38bn | CN¥2.35bn | CN¥2.40bn | CN¥2.40bn | CN¥2.40bn | CN¥2.43bn | CN¥2.45bn | CN¥2.44bn |
| Cash and short-term investments | — | — | — | CN¥183.5m | CN¥209.5m | CN¥218.2m | CN¥246.0m | CN¥224.8m |
| Debt | — | — | — | CN¥34.9m | CN¥18.2m | CN¥21.2m | CN¥21.0m | CN¥23.2m |
| Shareholders' equity | CN¥1.49bn | CN¥1.52bn | CN¥1.53bn | CN¥1.61bn | CN¥1.60bn | CN¥1.58bn | CN¥1.60bn | CN¥1.71bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 29.7% | 27.9% | 33.7% | 35.2% | 39.2% | 36.1% | — |
| Operating margin | — | -28.8% | 4.2% | -33.6% | -33.2% | 6.6% | -22.1% |
| Net margin | -8.9% | -26.1% | 2.5% | -28.6% | -34.3% | 4.3% | — |
| Return on equity | -4.5% | -9.0% | 1.0% | -6.4% | -15.1% | 1.6% | — |
| Return on assets | -2.9% | -5.8% | 0.7% | -4.8% | -10.3% | 1.2% | — |
| Free cash flow yield | 5.2% | 7.9% | 6.4% | 2.9% | 3.5% | 3.0% | — |
| Revenue growth | 42.9% | -22.9% | 84.3% | -42.1% | 3.1% | 0.6% | — |
| Earnings growth | -51.6% | -911.6% | -116.0% | -51.6% | -918.6% | -118.9% | — |
| Current ratio | 1.70x | 1.88x | 2.66x | 3.16x | 2.41x | 2.66x | — |
| Debt to equity | — | 0.01x | 0.06x | 0.03x | 0.10x | 0.08x | 0.06x |
| Equity ratio | 63.6% | 65.3% | 72.8% | 75.5% | 68.3% | 72.7% | — |
| Interest coverage | — | -73.48x | 11.31x | -27.18x | -27.40x | 4.96x | -43.11x |
| R&D as a share of sales | 9.0% | 30.0% | 10.5% | 19.0% | 5.3% | 8.2% | — |
| Buybacks as a share of market value | -8.4% | -72.7% | 41.4% | 1.5% | -0.3% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.6% | 3.9% | 6.5% |
| Net income | -14.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.0% | 31.4% | 33.6% | 38.7% |
| Net margin | -16.0% | -12.6% | -13.5% | -5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -277.8 | -89.7 | 490.5 | -35.9 | -31.4 | 217.1 | -38.8 | 36.7 | 70.3 | 156.9 |
| Price to sales | 24.6 | 23.4 | 12.2 | 10.3 | 10.8 | 9.4 | 8.9 | 6.4 | 10.0 | 19.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jul 2021.
| FY2021 | FY2019 | FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.02 | 0.015 | 0.01 | 0.015 | 0.005 | 0.013 | 0.038 |
- 2-for-1 split · 26 May 2015
- 2-for-1 split · 21 May 2012
- 2-for-1 split · 15 Jun 2011
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.