J 
24.26
+8.35%
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¥220.3m
FY2016FY2025
Net income
−CN¥5.3m
FY2016FY2025
Free cash flow
−CN¥127.1m
FY2016FY2025
Shareholders' equity
CN¥269.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥220.3m | CN¥272.8m | CN¥183.2m | CN¥118.4m | CN¥229.6m | CN¥128.5m | CN¥198.0m | CN¥184.3m | CN¥260.1m | CN¥336.7m |
| Research and development | CN¥7.9m | CN¥8.3m | CN¥5.2m | CN¥5.8m | CN¥8.3m | CN¥5.9m | CN¥8.3m | CN¥10.8m | CN¥12.1m | CN¥13.4m |
| Operating income | CN¥15.9m | CN¥30.1m | CN¥11.4m | −CN¥33.8m | −CN¥34.2m | −CN¥55.9m | CN¥28.9m | −CN¥160.2m | CN¥26.8m | CN¥31.4m |
| Net income | −CN¥5.3m | CN¥32.1m | CN¥7.7m | −CN¥27.8m | −CN¥40.1m | −CN¥60.3m | CN¥17.3m | −CN¥178.5m | CN¥17.9m | CN¥23.9m |
| Diluted earnings per share | -0.05 | 0.26 | 0.09 | -0.25 | -0.33 | -0.54 | 0.16 | -1.55 | 0.14 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥687.8m | CN¥583.1m | CN¥386.7m | CN¥387.3m | CN¥483.6m | CN¥538.9m | CN¥588.6m | CN¥588.7m | CN¥903.2m | CN¥821.0m |
| Cash and short-term investments | — | CN¥109.2m | CN¥84.1m | CN¥115.1m | CN¥98.4m | CN¥93.8m | CN¥118.4m | CN¥54.1m | CN¥151.6m | CN¥83.2m |
| Total liabilities | CN¥415.5m | CN¥296.4m | CN¥127.9m | CN¥137.2m | CN¥204.1m | CN¥218.9m | CN¥206.7m | CN¥227.5m | CN¥366.9m | CN¥313.9m |
| Debt | CN¥100.5m | CN¥121.0m | CN¥50.1m | CN¥83.6m | CN¥116.4m | CN¥114.0m | CN¥119.0m | CN¥122.0m | CN¥201.9m | CN¥139.9m |
| Shareholders' equity | CN¥269.8m | CN¥275.1m | CN¥243.1m | CN¥235.0m | CN¥262.4m | CN¥302.5m | CN¥362.7m | CN¥346.6m | CN¥525.0m | CN¥507.1m |
| Shares outstanding | 117m | 124m | 86m | 112m | 121m | 113m | 111m | 115m | 127m | 130m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥42.1m | CN¥25.5m | CN¥69.1m | −CN¥32.7m | CN¥6.3m | CN¥4.3m | CN¥55.9m | CN¥29.6m | CN¥72.9m | CN¥3.8m |
| Capital spending | −CN¥169.2m | −CN¥109.4m | −CN¥57.4m | −CN¥13.1m | −CN¥14.7m | −CN¥18.7m | −CN¥4.1m | −CN¥997,545 | −CN¥2.1m | −CN¥47.7m |
| Free cash flow | −CN¥127.1m | −CN¥83.9m | CN¥11.7m | −CN¥45.7m | −CN¥8.4m | −CN¥14.3m | CN¥51.8m | CN¥28.6m | CN¥70.8m | −CN¥43.9m |
| Dividends paid | −CN¥5.8m | −CN¥2.9m | −CN¥2.3m | −CN¥4.8m | −CN¥5.6m | −CN¥5.8m | −CN¥6.5m | −CN¥6.9m | −CN¥7.9m | −CN¥10.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥75.7m | CN¥50.9m | CN¥78.9m | CN¥47.7m | CN¥60.8m | CN¥32.9m | CN¥109.1m | CN¥77.4m |
| Operating income | CN¥16.9m | CN¥6.5m | CN¥5.5m | CN¥844,652 | CN¥9.1m | −CN¥1.2m | CN¥15.4m | CN¥9.4m |
| Net income | CN¥5.4m | CN¥3.0m | −CN¥12.6m | CN¥1.0m | CN¥7.0m | −CN¥783,897 | CN¥16.0m | CN¥10.5m |
| Diluted earnings per share | 0.05 | 0.03 | -0.11 | 0.01 | 0.06 | -0.01 | 0.13 | 0.08 |
| Cash from operations | — | — | — | −CN¥5.0m | −CN¥1.0m | CN¥1.0m | — | CN¥9.0m |
| Capital spending | −CN¥37.0m | −CN¥72.0m | −CN¥82.0m | −CN¥34.0m | −CN¥22.0m | −CN¥28.0m | −CN¥31.0m | −CN¥50.0m |
| Free cash flow | — | — | — | −CN¥39.0m | −CN¥23.0m | −CN¥27.0m | — | −CN¥41.0m |
| Total assets | CN¥852.5m | CN¥770.4m | CN¥687.8m | CN¥640.0m | CN¥599.4m | CN¥586.2m | CN¥583.1m | CN¥520.0m |
| Cash and short-term investments | — | — | — | CN¥55.9m | CN¥66.2m | CN¥101.4m | CN¥109.2m | CN¥84.5m |
| Debt | CN¥142.2m | CN¥172.3m | CN¥100.5m | CN¥156.9m | CN¥155.2m | CN¥138.0m | CN¥119.3m | CN¥108.1m |
| Shareholders' equity | CN¥278.3m | CN¥272.8m | CN¥269.8m | CN¥282.4m | CN¥281.4m | CN¥274.3m | CN¥275.1m | CN¥259.2m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -8.0% | 12.0% | 6.2% | -21.6% | -14.9% | -43.5% |
| Net margin | -2.4% | 11.8% | 4.2% | -23.5% | -17.5% | -46.9% |
| Return on equity | -2.0% | 11.7% | 3.2% | -11.8% | -15.3% | -19.9% |
| Return on assets | -0.8% | 5.5% | 2.0% | -7.2% | -8.3% | -11.2% |
| Free cash flow yield | 8.1% | 4.9% | 6.6% | -0.8% | 0.8% | 0.9% |
| Revenue growth | -19.2% | 48.9% | 54.8% | -48.4% | 78.6% | -35.1% |
| Earnings growth | -116.6% | 318.6% | -127.6% | -30.7% | -33.4% | -447.7% |
| Current ratio | 0.77x | 1.49x | 2.66x | 1.95x | 1.32x | 1.30x |
| Debt to equity | 0.37x | 0.43x | 0.20x | 0.26x | 0.45x | 0.38x |
| Equity ratio | 39.2% | 47.2% | 62.9% | 60.7% | 54.3% | 56.1% |
| Interest coverage | -2.89x | 10.05x | 4.86x | -5.17x | -5.87x | -8.88x |
| R&D as a share of sales | 3.6% | 3.0% | 2.9% | 4.9% | 3.6% | 4.6% |
| Buybacks as a share of market value | 5.6% | -45.1% | 23.5% | 7.7% | -7.6% | -1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.0% | 11.4% | 0.3% |
| Operating income | — | — | 7.9% |
| Net income | -42.3% | -38.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.3% | 3.0% | -5.8% | -5.6% |
| Net margin | 5.4% | 0.8% | -8.1% | -8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -378.6 | 51.0 | 179.7 | -50.4 | -69.7 | -28.6 | 102.1 | -6.2 | 238.9 | 257.2 |
| Price to sales | 9.2 | 6.0 | 7.5 | 11.8 | 12.2 | 13.4 | 8.9 | 6.0 | 16.5 | 18.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.133 | 0.103 |
- 3-for-2 split · 5 Jul 2013
- 13-for-10 split · 16 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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