K 
5.45
-2.33%
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¥490.6m
FY2016FY2025
Net income
−CN¥48.0m
FY2016FY2025
Free cash flow
−CN¥58.0m
FY2016FY2025
Shareholders' equity
CN¥1.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥490.6m | CN¥437.2m | CN¥501.2m | CN¥434.7m | CN¥625.9m | CN¥429.2m | CN¥459.1m | CN¥583.2m | CN¥549.1m | CN¥527.2m |
| Gross profit | CN¥48.1m | CN¥54.9m | CN¥75.2m | CN¥46.4m | CN¥85.2m | CN¥76.4m | CN¥93.5m | CN¥50.0m | CN¥96.6m | CN¥108.9m |
| Research and development | CN¥32.5m | CN¥28.1m | CN¥32.9m | CN¥23.7m | CN¥27.2m | CN¥21.8m | CN¥31.1m | CN¥32.0m | CN¥21.5m | CN¥27.2m |
| Operating income | −CN¥42.5m | −CN¥16.9m | CN¥4.2m | CN¥3.7m | CN¥10.9m | CN¥11.1m | CN¥13.2m | −CN¥43.8m | CN¥3.2m | CN¥15.6m |
| Net income | −CN¥48.0m | −CN¥19.3m | CN¥4.1m | CN¥3.9m | CN¥10.2m | CN¥11.5m | CN¥9.2m | −CN¥44.8m | CN¥4.4m | CN¥6.2m |
| Diluted earnings per share | -0.16 | -0.06 | 0.01 | 0.01 | 0.03 | 0.06 | 0.03 | -0.19 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.24bn | CN¥1.28bn | CN¥1.35bn | CN¥1.32bn | CN¥1.42bn | CN¥1.27bn | CN¥1.19bn | CN¥1.21bn | CN¥1.28bn | CN¥1.30bn |
| Cash and short-term investments | — | CN¥565.5m | CN¥766.2m | CN¥379.9m | CN¥503.8m | CN¥723.6m | CN¥102.4m | CN¥104.4m | CN¥229.3m | CN¥240.6m |
| Total liabilities | CN¥218.5m | CN¥218.8m | CN¥255.4m | CN¥233.1m | CN¥315.6m | CN¥247.5m | CN¥213.9m | CN¥245.3m | CN¥244.7m | CN¥261.0m |
| Debt | — | CN¥64.8m | CN¥175,323 | CN¥86.5m | CN¥786,264 | CN¥75.0m | CN¥78.5m | CN¥112.0m | CN¥94.6m | CN¥138.4m |
| Shareholders' equity | CN¥1.02bn | CN¥1.06bn | CN¥1.09bn | CN¥1.09bn | CN¥1.11bn | CN¥1.02bn | CN¥975.0m | CN¥967.8m | CN¥1.04bn | CN¥1.04bn |
| Shares outstanding | 300m | 346m | 342m | 349m | 350m | 190m | 365m | 231m | 282m | 327m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥47.3m | −CN¥35.5m | CN¥36.7m | −CN¥66.8m | −CN¥8.8m | CN¥6.4m | CN¥42.9m | CN¥59.8m | CN¥57.7m | CN¥77.5m |
| Capital spending | −CN¥10.7m | −CN¥68.3m | −CN¥3.0m | −CN¥6.6m | −CN¥6.4m | −CN¥3.9m | −CN¥12.9m | −CN¥3.6m | −CN¥4.0m | −CN¥13.1m |
| Free cash flow | −CN¥58.0m | −CN¥103.8m | CN¥33.7m | −CN¥73.5m | −CN¥15.2m | CN¥2.5m | CN¥30.0m | CN¥56.2m | CN¥53.7m | CN¥64.4m |
| Dividends paid | — | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.1m | −CN¥4.6m | −CN¥6.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥143.8m | CN¥113.9m | CN¥138.6m | CN¥112.8m | CN¥106.7m | CN¥132.6m | CN¥116.8m | CN¥98.3m |
| Gross profit | CN¥16.8m | CN¥8.9m | CN¥8.6m | CN¥11.8m | CN¥11.7m | CN¥15.9m | CN¥12.0m | CN¥13.7m |
| Operating income | −CN¥11.0m | −CN¥19.1m | −CN¥26.3m | −CN¥1.6m | −CN¥15.3m | CN¥728,394 | −CN¥3.6m | −CN¥10.6m |
| Net income | −CN¥10.5m | −CN¥18.4m | −CN¥30.9m | −CN¥2.7m | −CN¥14.9m | CN¥540,919 | −CN¥3.6m | −CN¥10.6m |
| Diluted earnings per share | -0.04 | -0.06 | -0.10 | -0.01 | -0.05 | 0.00 | -0.01 | -0.03 |
| Cash from operations | — | — | — | −CN¥30.0m | CN¥8.0m | −CN¥23.0m | −CN¥3.0m | −CN¥4.0m |
| Capital spending | −CN¥3.0m | −CN¥2.0m | −CN¥2.0m | — | −CN¥3.0m | −CN¥3.0m | −CN¥38.0m | −CN¥25.0m |
| Free cash flow | — | — | — | — | CN¥5.0m | −CN¥26.0m | −CN¥41.0m | −CN¥29.0m |
| Total assets | CN¥1.24bn | CN¥1.21bn | CN¥1.24bn | CN¥1.26bn | CN¥1.27bn | CN¥1.27bn | CN¥1.28bn | CN¥1.26bn |
| Cash and short-term investments | — | — | — | CN¥501.4m | CN¥549.7m | CN¥145.5m | CN¥565.5m | CN¥144.3m |
| Debt | — | — | — | CN¥52.0m | CN¥62.4m | CN¥58.5m | CN¥59.5m | CN¥35.9m |
| Shareholders' equity | CN¥981.1m | CN¥995.0m | CN¥1.02bn | CN¥1.04bn | CN¥1.05bn | CN¥1.06bn | CN¥1.06bn | CN¥1.06bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 9.8% | 12.6% | 15.0% | 10.7% | 13.6% | 17.8% | — |
| Operating margin | -7.6% | -4.1% | 0.8% | 0.8% | 2.6% | 3.2% | — |
| Net margin | -9.8% | -4.4% | 0.8% | 0.9% | 1.6% | 2.7% | — |
| Return on equity | -4.7% | -1.8% | 0.4% | 0.4% | 0.9% | 1.1% | — |
| Return on assets | -3.9% | -1.5% | 0.3% | 0.3% | 0.7% | 0.9% | — |
| Free cash flow yield | -2.2% | 1.7% | 2.1% | -3.1% | -0.1% | 1.0% | — |
| Revenue growth | 12.2% | -12.8% | 15.3% | -30.6% | 45.8% | -6.5% | — |
| Earnings growth | 149.2% | -575.2% | 3.0% | -61.5% | -11.3% | 24.8% | — |
| Current ratio | 3.62x | 3.87x | 4.08x | 2.93x | 2.55x | 3.99x | — |
| Debt to equity | — | 0.06x | 0.13x | 0.08x | 0.00x | 0.07x | 0.08x |
| Equity ratio | 82.3% | 83.0% | 81.2% | 82.5% | 78.0% | 80.6% | — |
| Interest coverage | -108.89x | -53.42x | 237.88x | 23.97x | 2.93x | 4.25x | — |
| R&D as a share of sales | 6.6% | 6.4% | 6.6% | 5.4% | 4.4% | 5.1% | — |
| Buybacks as a share of market value | 13.3% | -1.3% | 2.0% | 0.3% | -84.6% | 48.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.1% | 2.7% | -1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.1% | 12.0% | 13.2% | 14.9% |
| Operating margin | -6.4% | -2.8% | -1.0% | -0.6% |
| Net margin | -7.3% | -3.2% | -1.3% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -53.5 | -92.2 | — | 494.6 | 243.2 | 126.2 | 234.6 | -25.7 | 436.4 | — |
| Price to sales | 5.2 | 4.1 | 4.9 | 4.5 | 4.0 | 3.4 | 4.7 | 2.0 | 3.5 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.015 | 0.02 |
- 2-for-1 split · 13 May 2014
- 9-for-5 split · 29 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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