J 
2.04
-1.45%
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¥748.0m
FY2016FY2025
Net income
−CN¥1.36bn
FY2016FY2025
Free cash flow
−CN¥424.7m
FY2016FY2025
Shareholders' equity
−CN¥679.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥748.0m | CN¥1.41bn | CN¥1.45bn | CN¥1.55bn | CN¥1.69bn | CN¥1.44bn | CN¥1.88bn | CN¥1.95bn | CN¥1.46bn | CN¥946.1m |
| Gross profit | CN¥65.8m | CN¥15.9m | CN¥20.6m | CN¥159.9m | CN¥259.2m | CN¥338.2m | CN¥471.6m | CN¥421.6m | CN¥380.4m | CN¥265.2m |
| Research and development | CN¥57.5m | CN¥81.3m | CN¥82.0m | CN¥68.5m | CN¥69.7m | CN¥58.0m | CN¥79.3m | CN¥41.2m | CN¥31.9m | CN¥21.0m |
| Operating income | −CN¥245.4m | −CN¥884.7m | −CN¥590.6m | −CN¥354.8m | −CN¥49.1m | CN¥134.7m | CN¥130.2m | CN¥112.0m | CN¥142.5m | CN¥89.3m |
| Net income | −CN¥1.36bn | −CN¥1.31bn | −CN¥505.5m | −CN¥361.6m | −CN¥60.0m | CN¥58.6m | CN¥111.1m | CN¥98.4m | CN¥124.9m | CN¥46.4m |
| Diluted earnings per share | -0.92 | -0.88 | -0.34 | -0.24 | -0.04 | 0.06 | 0.09 | 0.08 | 0.12 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.12bn | CN¥4.34bn | CN¥5.44bn | CN¥6.10bn | CN¥6.72bn | CN¥6.11bn | CN¥6.19bn | CN¥5.93bn | CN¥3.50bn | CN¥2.54bn |
| Cash and short-term investments | — | CN¥113.9m | CN¥241.5m | CN¥433.3m | CN¥523.9m | CN¥427.8m | CN¥544.7m | CN¥610.9m | CN¥311.5m | CN¥214.1m |
| Total liabilities | CN¥4.93bn | CN¥3.80bn | CN¥3.51bn | CN¥3.69bn | CN¥3.43bn | CN¥3.63bn | CN¥3.59bn | CN¥3.43bn | CN¥2.06bn | CN¥1.64bn |
| Debt | CN¥217.6m | CN¥956.5m | CN¥2.17bn | CN¥1.70bn | CN¥1.18bn | CN¥1.77bn | CN¥1.58bn | CN¥1.34bn | CN¥980.3m | CN¥896.6m |
| Shareholders' equity | −CN¥679.5m | CN¥681.6m | CN¥1.99bn | CN¥2.41bn | CN¥3.27bn | CN¥2.47bn | CN¥2.59bn | CN¥2.49bn | CN¥1.43bn | CN¥886.3m |
| Shares outstanding | 1,490m | 1,490m | 1,487m | 1,491m | 1,499m | 1,003m | 1,250m | 1,224m | 1,057m | 934m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥399.1m | −CN¥132.1m | −CN¥35.9m | −CN¥81.2m | −CN¥133.9m | −CN¥46.0m | CN¥10.7m | −CN¥35.6m | −CN¥277.1m | CN¥15.1m |
| Capital spending | −CN¥25.7m | −CN¥43.9m | −CN¥51.3m | −CN¥155.8m | −CN¥132.5m | −CN¥97.7m | −CN¥160.1m | −CN¥55.8m | −CN¥138.1m | −CN¥51.5m |
| Free cash flow | −CN¥424.7m | −CN¥176.0m | −CN¥87.2m | −CN¥237.0m | −CN¥266.3m | −CN¥143.7m | −CN¥149.5m | −CN¥91.4m | −CN¥415.3m | −CN¥36.4m |
| Dividends paid | −CN¥48.2m | −CN¥71.8m | −CN¥69.6m | −CN¥6.0m | −CN¥17.7m | −CN¥12.3m | −CN¥9.8m | −CN¥91.7m | −CN¥52.0m | −CN¥40.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥133.9m | CN¥122.0m | CN¥200.5m | CN¥177.5m | CN¥249.3m | CN¥120.6m | CN¥355.5m | CN¥330.6m |
| Gross profit | CN¥18.7m | CN¥14.1m | CN¥6.3m | CN¥21.7m | CN¥32.6m | CN¥5.2m | −CN¥135.7m | CN¥41.5m |
| Operating income | −CN¥7.8m | −CN¥862.0m | −CN¥108.0m | −CN¥50.1m | −CN¥72.6m | −CN¥63.4m | −CN¥715.2m | −CN¥57.4m |
| Net income | CN¥1.4m | −CN¥862.7m | −CN¥1.10bn | −CN¥65.9m | −CN¥129.5m | −CN¥72.9m | −CN¥1.17bn | −CN¥64.8m |
| Diluted earnings per share | 0.00 | -0.58 | -0.74 | -0.04 | -0.09 | -0.05 | -0.79 | -0.04 |
| Cash from operations | — | — | — | −CN¥56.0m | −CN¥82.0m | −CN¥80.0m | — | −CN¥25.0m |
| Capital spending | — | — | −CN¥22.0m | — | −CN¥1.0m | −CN¥1.0m | −CN¥9.0m | −CN¥15.0m |
| Free cash flow | — | — | — | — | −CN¥83.0m | −CN¥81.0m | — | −CN¥40.0m |
| Total assets | CN¥1.79bn | CN¥1.84bn | CN¥4.12bn | CN¥3.97bn | CN¥4.12bn | CN¥4.26bn | CN¥4.34bn | CN¥5.21bn |
| Cash and short-term investments | — | — | — | CN¥93.7m | CN¥106.1m | CN¥86.8m | CN¥113.9m | CN¥127.6m |
| Debt | — | — | CN¥217.6m | CN¥1.15bn | CN¥793.6m | CN¥995.9m | CN¥946.8m | CN¥862.4m |
| Shareholders' equity | CN¥1.30bn | CN¥1.30bn | −CN¥679.5m | CN¥414.6m | CN¥480.4m | CN¥608.8m | CN¥681.6m | CN¥1.86bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.6% | -12.2% | -1.9% |
| Operating income | -11.6% | — | — |
| Net income | 55.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.8% | 5.1% | 10.4% | 17.1% |
| Operating margin | -52.4% | -40.2% | -24.0% | -9.6% |
| Net margin | -124.3% | -68.7% | -42.8% | -20.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -2.3 | -7.9 | -14.6 | -157.6 | 71.5 | 46.3 | 41.9 | 76.1 | 147.7 |
| Price to sales | 6.3 | 2.2 | 2.7 | 3.4 | 5.6 | 2.9 | 2.7 | 2.1 | 6.5 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.004 | 0.012 | 0.01 | 0.008 | 0.012 | 0.005 | 0.004 | 0.002 |
- 19-for-10 split · 8 Oct 2018
- 5-for-2 split · 30 May 2016
- 5-for-2 split · 8 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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