J 
4.53
-0.88%
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¥619.1m
FY2016FY2025
Net income
−CN¥232.8m
FY2016FY2025
Free cash flow
CN¥198.6m
FY2016FY2025
Shareholders' equity
CN¥1.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥619.1m | CN¥851.1m | CN¥1.02bn | CN¥1.40bn | CN¥1.54bn | CN¥935.7m | CN¥907.8m | CN¥1.02bn | CN¥792.0m | CN¥430.4m |
| Gross profit | CN¥266.9m | CN¥293.1m | CN¥350.0m | CN¥400.8m | CN¥449.6m | CN¥416.8m | CN¥448.3m | CN¥450.1m | CN¥369.0m | CN¥213.4m |
| Research and development | CN¥41.6m | CN¥70.4m | CN¥84.3m | CN¥79.9m | CN¥75.1m | CN¥58.9m | CN¥71.6m | CN¥68.9m | CN¥64.0m | CN¥36.3m |
| Operating income | CN¥1.5m | −CN¥90.8m | −CN¥111.0m | −CN¥80.3m | −CN¥47.4m | CN¥48.4m | CN¥51.9m | CN¥69.3m | CN¥139.5m | CN¥39.4m |
| Net income | −CN¥232.8m | −CN¥97.3m | −CN¥114.4m | −CN¥87.9m | −CN¥54.3m | CN¥21.1m | CN¥21.1m | CN¥36.2m | CN¥103.7m | CN¥55.7m |
| Diluted earnings per share | -0.50 | -0.21 | -0.23 | -0.16 | -0.11 | 0.07 | 0.07 | 0.09 | 0.21 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.01bn | CN¥3.43bn | CN¥3.76bn | CN¥3.79bn | CN¥3.24bn | CN¥2.56bn | CN¥2.16bn | CN¥2.23bn | CN¥2.25bn | CN¥2.11bn |
| Cash and short-term investments | — | CN¥86.0m | CN¥239.2m | CN¥445.2m | CN¥365.9m | CN¥522.7m | CN¥366.9m | CN¥376.2m | CN¥613.1m | CN¥818.9m |
| Total liabilities | CN¥1.93bn | CN¥2.10bn | CN¥2.32bn | CN¥2.23bn | CN¥1.57bn | CN¥825.4m | CN¥465.2m | CN¥556.5m | CN¥566.2m | CN¥563.8m |
| Debt | CN¥1.05bn | CN¥1.26bn | CN¥1.49bn | CN¥1.39bn | CN¥789.7m | CN¥360.2m | CN¥113.1m | CN¥70.7m | CN¥48.5m | CN¥3.0m |
| Shareholders' equity | CN¥1.04bn | CN¥1.28bn | CN¥1.38bn | CN¥1.51bn | CN¥1.61bn | CN¥1.69bn | CN¥1.60bn | CN¥1.60bn | CN¥1.62bn | CN¥1.53bn |
| Shares outstanding | 468m | 459m | 503m | 550m | 481m | 304m | 300m | 424m | 500m | 473m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥203.6m | CN¥111.0m | −CN¥202.4m | −CN¥412.0m | −CN¥503.8m | CN¥138.9m | CN¥19.6m | −CN¥36.4m | CN¥102.0m | −CN¥30.0m |
| Capital spending | −CN¥5.0m | −CN¥16.5m | −CN¥28.8m | −CN¥25.1m | −CN¥29.3m | −CN¥200.8m | −CN¥80.0m | −CN¥34.7m | −CN¥66.2m | −CN¥15.0m |
| Free cash flow | CN¥198.6m | CN¥94.4m | −CN¥231.1m | −CN¥437.1m | −CN¥533.1m | −CN¥62.0m | −CN¥60.4m | −CN¥71.1m | CN¥35.8m | −CN¥45.0m |
| Dividends paid | −CN¥57.5m | −CN¥69.0m | −CN¥73.1m | −CN¥56.5m | −CN¥4.5m | −CN¥9.2m | −CN¥18.5m | −CN¥34.9m | −CN¥13.1m | −CN¥23.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥158.2m | CN¥135.0m | CN¥184.3m | CN¥140.0m | CN¥166.3m | CN¥128.5m | CN¥262.3m | CN¥209.1m |
| Gross profit | CN¥83.9m | CN¥67.6m | CN¥69.5m | CN¥82.8m | CN¥55.6m | CN¥58.9m | CN¥63.0m | CN¥77.1m |
| Operating income | CN¥21.9m | CN¥20.5m | −CN¥8.9m | CN¥16.4m | −CN¥17.6m | CN¥6.8m | −CN¥95.8m | CN¥13.3m |
| Net income | CN¥7.0m | CN¥12.6m | −CN¥231.6m | CN¥8.4m | −CN¥12.7m | CN¥3.2m | −CN¥90.5m | CN¥8.0m |
| Diluted earnings per share | 0.01 | 0.03 | -0.49 | 0.02 | -0.03 | 0.01 | -0.20 | 0.02 |
| Cash from operations | — | — | — | CN¥36.0m | CN¥50.0m | CN¥19.0m | — | CN¥29.0m |
| Capital spending | — | — | −CN¥2.0m | −CN¥1.0m | — | — | −CN¥8.0m | −CN¥2.0m |
| Free cash flow | — | — | — | CN¥35.0m | — | — | — | CN¥27.0m |
| Total assets | CN¥2.96bn | CN¥3.00bn | CN¥3.01bn | CN¥3.34bn | CN¥3.37bn | CN¥3.40bn | CN¥3.43bn | CN¥3.63bn |
| Cash and short-term investments | — | — | — | CN¥90.2m | CN¥103.3m | CN¥72.1m | CN¥86.0m | CN¥116.1m |
| Debt | CN¥1.04bn | CN¥1.05bn | CN¥1.05bn | CN¥148.1m | CN¥1.23bn | CN¥1.23bn | CN¥1.26bn | CN¥1.38bn |
| Shareholders' equity | CN¥1.06bn | CN¥1.06bn | CN¥1.04bn | CN¥1.28bn | CN¥1.27bn | CN¥1.28bn | CN¥1.28bn | CN¥1.38bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 43.1% | 34.4% | 34.4% | 28.6% | 29.1% | 44.5% |
| Operating margin | -27.9% | -2.8% | -4.7% | -2.2% | -1.5% | 5.6% |
| Net margin | -37.6% | -11.4% | -11.2% | -6.3% | -3.5% | 2.3% |
| Return on equity | -22.3% | -7.6% | -8.3% | -5.8% | -3.4% | 1.2% |
| Return on assets | -7.7% | -2.8% | -3.0% | -2.3% | -1.7% | 0.8% |
| Free cash flow yield | 10.0% | 6.3% | -7.8% | -15.8% | -22.2% | 25.2% |
| Revenue growth | -27.3% | -16.3% | -27.5% | -9.0% | 64.8% | 3.1% |
| Earnings growth | 139.2% | -15.0% | 30.2% | 61.8% | -357.3% | 0.2% |
| Current ratio | 3.16x | 3.10x | 2.81x | 2.68x | 2.25x | 1.94x |
| Debt to equity | 1.01x | 0.98x | 1.07x | 0.71x | 0.49x | 0.21x |
| Equity ratio | 34.6% | 37.3% | 36.9% | 39.9% | 49.7% | 66.0% |
| Interest coverage | -3.01x | -0.36x | -0.72x | -0.60x | -0.94x | 5.86x |
| R&D as a share of sales | 6.7% | 8.3% | 8.3% | 5.7% | 4.9% | 6.3% |
| Buybacks as a share of market value | -2.0% | 8.8% | 8.5% | -14.3% | -58.2% | -1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.9% | -7.9% | 6.8% |
| Operating income | — | -50.4% | -27.3% |
| Net income | 38.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.1% | 33.7% | 34.2% | 39.0% |
| Operating margin | -6.1% | -7.2% | -4.4% | 0.6% |
| Net margin | -22.5% | -13.7% | -8.9% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.7 | -14.2 | -29.3 | -30.2 | -70.5 | 71.4 | 67.7 | 45.7 | 30.6 | 84.9 |
| Price to sales | 3.6 | 1.6 | 3.3 | 1.9 | 2.5 | 1.6 | 1.6 | 1.6 | 4.0 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.009 | 0.02 | 0.04 | 0.07 | 0.025 | 0.05 | 0.067 | 0.04 |
- 2-for-1 split · 3 Jun 2016
- 3-for-2 split · 30 Apr 2015
- 13-for-10 split · 29 Jun 2012
- 8-for-5 split · 24 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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