N 
15.62
+0.26%
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¥1.36bn
FY2016FY2025
Net income
−CN¥115.4m
FY2016FY2025
Free cash flow
−CN¥213.6m
FY2016FY2025
Shareholders' equity
CN¥920.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.36bn | CN¥1.17bn | CN¥1.04bn | CN¥1.20bn | CN¥1.02bn | CN¥379.7m | CN¥394.7m | CN¥602.1m | CN¥695.0m | CN¥706.1m |
| Research and development | CN¥165.6m | CN¥186.9m | CN¥284.7m | CN¥295.3m | CN¥227.3m | CN¥132.5m | CN¥131.7m | CN¥127.9m | CN¥109.8m | CN¥107.2m |
| Operating income | −CN¥79.3m | −CN¥209.6m | −CN¥539.0m | −CN¥69.3m | CN¥77.0m | −CN¥80.7m | −CN¥255.3m | −CN¥1.93bn | −CN¥485.9m | CN¥77.9m |
| Net income | −CN¥115.4m | −CN¥235.3m | −CN¥571.5m | −CN¥32.5m | CN¥219.0m | CN¥11.2m | CN¥103.9m | −CN¥1.61bn | −CN¥486.6m | CN¥101.2m |
| Diluted earnings per share | -0.20 | -0.40 | -0.98 | -0.06 | 0.39 | 0.02 | 0.20 | -3.97 | -0.97 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.57bn | CN¥3.71bn | CN¥3.80bn | CN¥3.71bn | CN¥2.67bn | CN¥2.05bn | CN¥2.01bn | CN¥2.85bn | CN¥2.98bn | CN¥3.29bn |
| Cash and short-term investments | CN¥362.1m | CN¥536.4m | CN¥881.4m | CN¥817.3m | CN¥674.3m | CN¥353.5m | CN¥277.6m | CN¥562.5m | CN¥545.2m | CN¥469.5m |
| Total liabilities | CN¥2.64bn | CN¥2.66bn | CN¥2.56bn | CN¥1.96bn | CN¥1.12bn | CN¥956.1m | CN¥926.3m | CN¥1.79bn | CN¥433.2m | CN¥330.4m |
| Debt | CN¥1.95bn | CN¥1.27bn | CN¥1.44bn | CN¥1.15bn | CN¥456.6m | CN¥437.8m | CN¥387.7m | CN¥357.4m | CN¥18.0m | CN¥3.5m |
| Shareholders' equity | CN¥920.0m | CN¥989.3m | CN¥1.17bn | CN¥1.65bn | CN¥1.54bn | CN¥1.20bn | CN¥1.18bn | CN¥1.09bn | CN¥2.53bn | CN¥2.96bn |
| Shares outstanding | 567m | 586m | 583m | 568m | 558m | 550m | 523m | 406m | 503m | 574m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥674,625 | −CN¥121.3m | −CN¥122.4m | −CN¥575.0m | CN¥212.5m | CN¥25.3m | −CN¥70.4m | CN¥372.7m | −CN¥112.6m | −CN¥57.2m |
| Capital spending | −CN¥214.2m | −CN¥185.6m | −CN¥200.4m | −CN¥165.1m | −CN¥112.2m | −CN¥48.1m | −CN¥97.1m | −CN¥227.5m | −CN¥138.8m | −CN¥142.0m |
| Free cash flow | −CN¥213.6m | −CN¥307.0m | −CN¥322.8m | −CN¥740.1m | CN¥100.3m | −CN¥22.9m | −CN¥167.5m | CN¥145.2m | −CN¥251.3m | −CN¥199.1m |
| Dividends paid | −CN¥58.8m | −CN¥65.4m | −CN¥59.1m | −CN¥32.2m | −CN¥35.5m | −CN¥27.8m | −CN¥27.7m | −CN¥10.4m | −CN¥12.3m | −CN¥28.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥511.3m | CN¥394.8m | CN¥402.0m | CN¥326.4m | CN¥327.8m | CN¥304.0m | CN¥346.6m | CN¥306.2m |
| Operating income | CN¥31.1m | −CN¥2.2m | −CN¥29.0m | −CN¥32.7m | −CN¥17.3m | −CN¥28.3m | −CN¥81.5m | −CN¥21.6m |
| Net income | CN¥20.2m | −CN¥15.7m | −CN¥41.7m | −CN¥37.0m | −CN¥15.4m | −CN¥21.4m | −CN¥86.0m | −CN¥15.4m |
| Diluted earnings per share | 0.04 | -0.03 | -0.07 | -0.07 | -0.03 | -0.04 | -0.15 | -0.03 |
| Cash from operations | — | — | — | −CN¥126.0m | CN¥31.0m | −CN¥83.0m | — | −CN¥82.0m |
| Capital spending | −CN¥111.0m | −CN¥45.0m | −CN¥94.0m | −CN¥25.0m | −CN¥55.0m | −CN¥38.0m | −CN¥55.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥151.0m | −CN¥24.0m | −CN¥121.0m | — | −CN¥105.0m |
| Total assets | CN¥4.69bn | CN¥4.52bn | CN¥3.57bn | CN¥3.57bn | CN¥3.59bn | CN¥3.66bn | CN¥3.71bn | CN¥3.72bn |
| Cash and short-term investments | — | — | CN¥362.1m | CN¥373.0m | CN¥404.7m | CN¥476.9m | CN¥536.4m | CN¥478.8m |
| Debt | CN¥763.1m | CN¥762.0m | CN¥1.93bn | CN¥1.28bn | CN¥1.31bn | CN¥1.29bn | CN¥1.24bn | CN¥1.76bn |
| Shareholders' equity | CN¥1.76bn | CN¥1.74bn | CN¥920.0m | CN¥961.8m | CN¥999.4m | CN¥968.2m | CN¥989.3m | CN¥1.08bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -5.8% | -18.0% | -52.0% | -5.8% | 7.6% | -21.3% |
| Net margin | -8.5% | -20.2% | -55.1% | -2.7% | 21.5% | 3.0% |
| Return on equity | -12.5% | -23.8% | -48.8% | -2.0% | 14.2% | 0.9% |
| Return on assets | -3.2% | -6.3% | -15.0% | -0.9% | 8.2% | 0.5% |
| Free cash flow yield | 1.8% | 0.5% | 0.6% | -3.5% | 2.8% | 0.6% |
| Revenue growth | 16.5% | 12.6% | -13.3% | 17.5% | 168.0% | -3.8% |
| Earnings growth | -51.0% | -58.8% | 1659.3% | -114.8% | 1849.1% | -89.2% |
| Current ratio | 0.93x | 1.10x | 1.57x | 1.72x | 1.84x | 1.55x |
| Debt to equity | 2.10x | 1.26x | 1.32x | 0.67x | 0.24x | 0.36x |
| Equity ratio | 25.8% | 26.6% | 30.8% | 44.5% | 57.8% | 58.6% |
| Interest coverage | -1.03x | -2.93x | -7.53x | -1.84x | 1.91x | -1.93x |
| R&D as a share of sales | 12.2% | 16.0% | 27.5% | 24.7% | 22.3% | 34.9% |
| Buybacks as a share of market value | 3.2% | -0.4% | -2.6% | -1.9% | -1.4% | -5.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | 29.1% | 9.3% |
| Operating income | 4.6% | -0.3% | — |
| Net income | 52.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.4% | -18.9% | -14.6% | -37.9% |
| Net margin | -13.9% | -20.1% | -11.8% | -27.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -99.3 | -59.3 | -11.5 | -244.0 | 63.6 | 400.8 | 30.3 | -1.9 | -10.3 | 92.1 |
| Price to sales | 8.4 | 12.0 | 6.3 | 6.6 | 13.7 | 11.9 | 8.0 | 5.0 | 7.2 | 13.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 May 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.008 | 0.008 | 0.05 | 0.15 | 0.10 |
- 2-for-1 split · 1 Apr 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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