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2.54
+3.25%
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¥638.3m
FY2016FY2025
Net income
CN¥43.1m
FY2016FY2025
Free cash flow
−CN¥132.9m
FY2016FY2025
Shareholders' equity
CN¥2.68bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥638.3m | CN¥664.9m | CN¥1.19bn | CN¥2.14bn | CN¥1.36bn | CN¥926.3m | CN¥1.25bn | CN¥1.88bn | CN¥1.85bn | CN¥1.79bn |
| Research and development | CN¥63.4m | CN¥45.7m | CN¥49.7m | CN¥92.1m | CN¥68.1m | CN¥84.2m | CN¥112.4m | CN¥87.6m | CN¥71.2m | CN¥92.7m |
| Operating income | CN¥162.3m | −CN¥184.1m | CN¥26.1m | CN¥91.6m | −CN¥265.8m | −CN¥601.0m | −CN¥1.93bn | CN¥347.5m | CN¥478.1m | CN¥297.3m |
| Net income | CN¥43.1m | −CN¥318.6m | −CN¥133.2m | CN¥76.6m | −CN¥257.9m | −CN¥703.4m | −CN¥1.98bn | CN¥297.3m | CN¥405.4m | CN¥250.9m |
| Diluted earnings per share | 0.03 | -0.24 | -0.09 | 0.05 | -0.17 | -0.47 | -1.34 | 0.20 | 0.26 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.08bn | CN¥2.50bn | CN¥2.97bn | CN¥3.30bn | CN¥3.26bn | CN¥3.84bn | CN¥4.15bn | CN¥4.50bn | CN¥4.07bn | CN¥4.01bn |
| Cash and short-term investments | — | CN¥481.9m | CN¥486.7m | CN¥413.3m | CN¥171.1m | CN¥264.6m | CN¥237.6m | CN¥371.0m | CN¥375.5m | CN¥924.6m |
| Total liabilities | CN¥1.31bn | CN¥2.80bn | CN¥2.94bn | CN¥3.14bn | CN¥3.06bn | CN¥3.31bn | CN¥3.21bn | CN¥3.15bn | CN¥2.66bn | CN¥2.24bn |
| Debt | — | CN¥1.24bn | CN¥1.77bn | CN¥1.77bn | CN¥1.85bn | CN¥1.94bn | CN¥1.99bn | CN¥2.43bn | CN¥1.95bn | CN¥1.30bn |
| Shareholders' equity | CN¥2.68bn | −CN¥271.2m | CN¥34.0m | CN¥155.2m | CN¥229.3m | CN¥530.8m | CN¥877.2m | CN¥6.15bn | CN¥6.21bn | CN¥5.82bn |
| Shares outstanding | 1,496m | 1,347m | 1,496m | 1,500m | 1,489m | 1,491m | 1,477m | 1,474m | 1,535m | 1,431m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥116.4m | CN¥188.2m | −CN¥58.9m | CN¥286.1m | CN¥72.4m | CN¥278.5m | −CN¥71.7m | CN¥143.4m | −CN¥114.0m | CN¥191.3m |
| Capital spending | −CN¥16.5m | −CN¥41.0m | −CN¥31.3m | −CN¥24.8m | −CN¥59.0m | −CN¥105.5m | −CN¥158.1m | −CN¥208.3m | −CN¥1.01bn | −CN¥601.8m |
| Free cash flow | −CN¥132.9m | CN¥147.2m | −CN¥90.2m | CN¥261.2m | CN¥13.4m | CN¥173.0m | −CN¥229.8m | −CN¥65.0m | −CN¥1.12bn | −CN¥410.5m |
| Dividends paid | −CN¥25.3m | −CN¥37.2m | −CN¥51.6m | −CN¥79.9m | −CN¥123.5m | −CN¥104.5m | −CN¥30.9m | −CN¥164.8m | −CN¥91.7m | −CN¥76.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥143.2m | CN¥57.9m | CN¥228.6m | CN¥277.6m | CN¥99.6m | CN¥32.5m | CN¥202.8m | CN¥357.1m |
| Operating income | −CN¥25.1m | −CN¥25.4m | −CN¥47.6m | −CN¥77.9m | −CN¥69.4m | −CN¥20.9m | −CN¥88.1m | −CN¥14.4m |
| Net income | −CN¥24.6m | CN¥50.8m | CN¥284.4m | −CN¥72.8m | −CN¥120.6m | −CN¥47.8m | −CN¥140.5m | −CN¥40.9m |
| Diluted earnings per share | -0.02 | 0.03 | 0.19 | -0.05 | -0.08 | -0.03 | -0.10 | -0.03 |
| Cash from operations | — | — | — | CN¥29.0m | −CN¥33.0m | −CN¥29.0m | CN¥35.0m | CN¥75.0m |
| Capital spending | −CN¥5.0m | −CN¥5.0m | −CN¥4.0m | −CN¥4.0m | −CN¥3.0m | −CN¥4.0m | −CN¥2.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥25.0m | −CN¥36.0m | −CN¥33.0m | CN¥33.0m | CN¥69.0m |
| Total assets | CN¥3.44bn | CN¥3.43bn | CN¥4.08bn | CN¥2.45bn | CN¥2.45bn | CN¥2.46bn | CN¥2.50bn | CN¥2.74bn |
| Cash and short-term investments | — | — | — | CN¥397.0m | CN¥373.9m | CN¥432.3m | CN¥481.9m | CN¥412.5m |
| Debt | — | — | — | CN¥1.25bn | CN¥1.06bn | CN¥1.22bn | CN¥1.23bn | CN¥1.24bn |
| Shareholders' equity | CN¥2.78bn | CN¥2.79bn | CN¥2.68bn | −CN¥505.7m | −CN¥434.3m | −CN¥319.4m | −CN¥271.2m | −CN¥139.3m |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 26.3% | -26.8% | 2.2% | 10.6% | -19.5% | -64.9% | — |
| Net margin | 6.8% | -47.9% | -11.2% | 3.6% | -18.9% | -75.9% | — |
| Return on equity | 1.6% | 117.5% | -391.2% | 49.3% | -112.5% | -132.5% | — |
| Return on assets | 1.1% | -12.7% | -4.5% | 2.3% | -7.9% | -18.3% | — |
| Free cash flow yield | -2.5% | 6.3% | -0.7% | 7.6% | 3.2% | 9.5% | — |
| Revenue growth | -4.0% | -44.2% | -44.5% | 57.3% | 47.1% | -25.9% | — |
| Earnings growth | -113.5% | 139.2% | -274.0% | -129.7% | -63.3% | -64.5% | — |
| Current ratio | 2.40x | 0.53x | 0.58x | 0.57x | 0.51x | 0.55x | — |
| Debt to equity | — | -4.52x | 50.31x | 11.37x | 8.19x | 2.87x | 2.55x |
| Equity ratio | 65.7% | -10.8% | 1.1% | 4.7% | 7.0% | 13.8% | — |
| Interest coverage | 1.39x | -1.26x | 0.19x | 1.63x | -2.05x | -4.12x | — |
| R&D as a share of sales | 9.9% | 6.9% | 4.2% | 4.3% | 5.0% | 9.1% | — |
| Buybacks as a share of market value | -11.0% | 10.0% | 0.3% | -0.8% | 0.1% | -0.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.2% | -7.2% | -7.6% |
| Operating income | 21.0% | — | -7.0% |
| Net income | -17.4% | — | -17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.7% | 2.1% | -11.1% | -8.2% |
| Net margin | -21.1% | -7.2% | -18.7% | -13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 110.3 | -11.7 | -29.2 | 44.1 | -26.3 | -9.8 | -2.9 | 22.9 | 39.4 | 77.4 |
| Price to sales | 7.5 | 5.6 | 3.3 | 1.6 | 5.0 | 7.4 | 4.6 | 3.6 | 8.6 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.021 | 0.028 | 0.017 | 0.022 | 0.025 | 0.05 | 0.038 | 0.025 |
- 2-for-1 split · 10 Jun 2015
- 2-for-1 split · 23 Apr 2014
- 2-for-1 split · 15 May 2012
- 11-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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