H 
2.59
-1.52%
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¥684.3m
FY2016FY2025
Net income
−CN¥67.2m
FY2016FY2025
Free cash flow
CN¥28.8m
FY2016FY2025
Shareholders' equity
CN¥515.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥684.3m | CN¥690.8m | CN¥1.01bn | CN¥1.12bn | CN¥963.1m | CN¥1.37bn | CN¥1.54bn | CN¥1.29bn | CN¥1.11bn | CN¥1.09bn |
| Gross profit | CN¥91.2m | CN¥72.9m | CN¥179.2m | CN¥158.0m | CN¥163.0m | CN¥519.2m | CN¥601.9m | CN¥552.9m | CN¥473.6m | CN¥506.5m |
| Research and development | CN¥45.0m | CN¥101.7m | CN¥155.3m | CN¥179.0m | CN¥173.5m | CN¥162.3m | CN¥138.6m | CN¥106.2m | CN¥96.2m | CN¥87.9m |
| Operating income | −CN¥86.1m | −CN¥436.2m | −CN¥717.7m | −CN¥874.4m | −CN¥626.6m | CN¥36.0m | CN¥163.4m | CN¥162.9m | CN¥165.4m | CN¥220.4m |
| Net income | −CN¥67.2m | −CN¥501.5m | −CN¥874.3m | −CN¥877.9m | −CN¥685.2m | CN¥15.1m | CN¥114.1m | CN¥143.5m | CN¥130.3m | CN¥188.0m |
| Diluted earnings per share | -0.06 | -0.48 | -0.96 | -1.23 | -0.88 | 0.02 | 0.13 | 0.19 | 0.16 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥968.5m | CN¥2.19bn | CN¥2.59bn | CN¥3.65bn | CN¥4.86bn | CN¥4.71bn | CN¥4.22bn | CN¥3.42bn | CN¥2.90bn | CN¥2.96bn |
| Cash and short-term investments | — | CN¥620.9m | CN¥561.6m | CN¥671.8m | CN¥790.0m | CN¥613.3m | CN¥550.8m | CN¥482.8m | CN¥429.6m | CN¥690.9m |
| Total liabilities | CN¥439.5m | CN¥1.60bn | CN¥2.08bn | CN¥2.32bn | CN¥2.66bn | CN¥1.72bn | CN¥1.28bn | CN¥1.18bn | CN¥789.6m | CN¥895.7m |
| Debt | — | CN¥266.4m | CN¥1.44bn | CN¥1.78bn | CN¥2.04bn | CN¥1.24bn | CN¥883.4m | CN¥855.9m | CN¥492.8m | CN¥643.5m |
| Shareholders' equity | CN¥515.0m | CN¥579.8m | CN¥495.0m | CN¥1.31bn | CN¥2.18bn | CN¥2.94bn | CN¥2.89bn | CN¥2.19bn | CN¥2.06bn | CN¥2.04bn |
| Shares outstanding | 1,118m | 1,040m | 907m | 711m | 781m | 828m | 857m | 765m | 833m | 747m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥35.1m | −CN¥35.7m | CN¥11.8m | −CN¥105.2m | CN¥134.0m | −CN¥10.1m | CN¥4.0m | −CN¥2.3m | CN¥183.7m | CN¥134.6m |
| Capital spending | −CN¥6.3m | −CN¥12.7m | −CN¥23.1m | −CN¥115.8m | −CN¥218.6m | −CN¥481.3m | −CN¥243.3m | −CN¥76.5m | −CN¥73.9m | −CN¥99.4m |
| Free cash flow | CN¥28.8m | −CN¥48.4m | −CN¥11.3m | −CN¥220.9m | −CN¥84.5m | −CN¥491.4m | −CN¥239.2m | −CN¥78.7m | CN¥109.8m | CN¥35.2m |
| Dividends paid | −CN¥1.4m | −CN¥28.4m | −CN¥46.1m | −CN¥62.0m | −CN¥10.9m | −CN¥15.6m | −CN¥14.5m | −CN¥37.1m | −CN¥129.0m | −CN¥53.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥98.8m | CN¥91.1m | CN¥80.4m | CN¥58.8m | CN¥135.8m | CN¥409.3m | CN¥126.2m | CN¥167.7m |
| Gross profit | CN¥26.9m | CN¥20.3m | CN¥27.2m | CN¥18.3m | CN¥23.0m | CN¥22.7m | −CN¥20.2m | CN¥32.1m |
| Operating income | −CN¥1.6m | −CN¥1.9m | −CN¥5.4m | CN¥48.3m | −CN¥24.1m | −CN¥19.7m | −CN¥204.7m | −CN¥60.4m |
| Net income | −CN¥14.0m | −CN¥9.1m | −CN¥62.5m | CN¥47.1m | −CN¥32.3m | −CN¥19.6m | −CN¥217.9m | −CN¥60.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.06 | 0.04 | -0.03 | -0.02 | -0.21 | -0.06 |
| Cash from operations | — | — | — | CN¥10.0m | −CN¥1.0m | CN¥25.0m | — | −CN¥30.0m |
| Capital spending | −CN¥26.0m | −CN¥3.0m | — | −CN¥1.0m | −CN¥1.0m | −CN¥4.0m | −CN¥6.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥9.0m | −CN¥2.0m | CN¥21.0m | — | −CN¥33.0m |
| Total assets | CN¥927.0m | CN¥961.1m | CN¥968.5m | CN¥1.01bn | CN¥2.12bn | CN¥1.51bn | CN¥2.19bn | CN¥2.40bn |
| Cash and short-term investments | — | — | — | CN¥546.3m | CN¥1.05bn | CN¥443.8m | CN¥620.9m | CN¥640.7m |
| Debt | — | — | — | CN¥1.4m | CN¥90.1m | CN¥1.4m | — | CN¥607.7m |
| Shareholders' equity | CN¥491.5m | CN¥504.4m | CN¥515.0m | CN¥577.8m | CN¥531.8m | CN¥555.0m | CN¥579.8m | CN¥592.1m |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.3% | 10.6% | 17.8% | 14.2% | 16.9% | 37.8% |
| Operating margin | -8.4% | -63.2% | -71.4% | -69.2% | -65.1% | 4.9% |
| Net margin | -9.8% | -72.6% | -86.9% | -78.7% | -71.1% | 1.1% |
| Return on equity | -13.1% | -86.5% | -176.6% | -66.9% | -31.4% | 0.5% |
| Return on assets | -6.9% | -22.9% | -33.7% | -24.1% | -14.1% | 0.3% |
| Free cash flow yield | 1.4% | -0.8% | 1.5% | 0.6% | 17.2% | 21.7% |
| Revenue growth | -0.9% | -31.3% | -9.9% | 15.9% | -29.9% | -10.7% |
| Earnings growth | -86.6% | -42.6% | -0.4% | 28.1% | -4634.6% | -86.8% |
| Current ratio | 4.72x | 0.92x | 1.18x | 1.62x | 1.81x | 2.08x |
| Debt to equity | 0.00x | 0.46x | 2.90x | 1.35x | 0.77x | 0.38x |
| Equity ratio | 53.2% | 26.5% | 19.1% | 35.9% | 44.8% | 62.3% |
| Interest coverage | -12.84x | -6.69x | -8.01x | -7.55x | -6.80x | 2.00x |
| R&D as a share of sales | 6.6% | 14.7% | 15.4% | 16.0% | 18.0% | 11.8% |
| Buybacks as a share of market value | -7.5% | -14.6% | -27.6% | 8.9% | 5.7% | 3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.0% | -13.0% | -2.2% |
| Operating income | -53.8% | — | — |
| Net income | -57.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.9% | 14.3% | 20.3% | 31.4% |
| Operating margin | -38.0% | -60.5% | -46.4% | -15.7% |
| Net margin | -41.4% | -66.4% | -51.3% | -19.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -73.7 | -6.3 | -4.5 | -3.7 | -8.4 | 495.8 | 92.2 | 53.0 | 69.0 | 57.2 |
| Price to sales | 7.2 | 4.6 | 4.0 | 2.9 | 6.0 | 5.5 | 6.8 | 5.9 | 8.1 | 9.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.018 | 0.018 | 0.018 | 0.139 | 0.028 | 0.011 | 0.111 |
- 9-for-5 split · 26 May 2017
- 5-for-2 split · 19 Oct 2015
- 5-for-2 split · 21 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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