L 
4.60
-1.50%
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¥291.7m
FY2016FY2025
Net income
−CN¥15.0m
FY2016FY2025
Free cash flow
−CN¥63.8m
FY2016FY2025
Shareholders' equity
CN¥503.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥291.7m | CN¥245.4m | CN¥220.2m | CN¥215.6m | CN¥246.9m | CN¥297.1m | CN¥567.1m | CN¥349.0m | CN¥379.9m | CN¥589.4m |
| Gross profit | CN¥24.0m | CN¥26.3m | CN¥34.1m | CN¥21.7m | CN¥36.9m | CN¥37.4m | CN¥125.5m | CN¥48.3m | CN¥37.3m | CN¥71.4m |
| Research and development | — | — | — | — | — | CN¥5.4m | CN¥11.6m | — | CN¥70,162 | CN¥418,743 |
| Operating income | −CN¥8.6m | −CN¥32.7m | −CN¥63.8m | −CN¥27.1m | −CN¥71.6m | −CN¥433.0m | CN¥50.0m | CN¥79.9m | CN¥59.7m | CN¥57.6m |
| Net income | −CN¥15.0m | −CN¥36.4m | −CN¥53.6m | −CN¥27.8m | −CN¥52.2m | −CN¥188.9m | CN¥38.4m | CN¥58.5m | CN¥39.6m | CN¥28.3m |
| Diluted earnings per share | -0.03 | -0.09 | -0.10 | -0.06 | -0.11 | -0.39 | 0.08 | 0.11 | 0.08 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥560.7m | CN¥727.5m | CN¥662.5m | CN¥712.1m | CN¥792.6m | CN¥1.00bn | CN¥1.51bn | CN¥1.41bn | CN¥898.6m | CN¥1.20bn |
| Cash and short-term investments | — | CN¥67.9m | CN¥21.9m | CN¥10.1m | CN¥8.5m | CN¥30.5m | CN¥70.9m | CN¥11.4m | CN¥86.9m | CN¥188.8m |
| Total liabilities | CN¥56.8m | CN¥207.2m | CN¥195.9m | CN¥176.9m | CN¥269.4m | CN¥317.4m | CN¥511.7m | CN¥422.5m | CN¥70.0m | CN¥402.4m |
| Debt | — | CN¥15.3m | CN¥62.0m | CN¥39.1m | CN¥91.4m | CN¥130.6m | CN¥221.4m | CN¥169.0m | — | CN¥320.4m |
| Shareholders' equity | CN¥503.9m | CN¥520.3m | CN¥499.5m | CN¥552.7m | CN¥541.9m | CN¥650.0m | CN¥839.2m | CN¥813.3m | CN¥828.6m | CN¥798.5m |
| Shares outstanding | 466m | 410m | 539m | 437m | 486m | 482m | 510m | 537m | 473m | 468m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥56.6m | −CN¥34.7m | −CN¥5.8m | CN¥39.7m | CN¥30.3m | CN¥31.0m | CN¥24.1m | −CN¥20.1m | CN¥119.8m | CN¥392.2m |
| Capital spending | −CN¥7.2m | −CN¥3.9m | −CN¥2.4m | −CN¥662,840 | −CN¥1.0m | −CN¥17.5m | −CN¥78.9m | −CN¥19.2m | −CN¥34.3m | −CN¥81.2m |
| Free cash flow | −CN¥63.8m | −CN¥38.6m | −CN¥8.3m | CN¥39.0m | CN¥29.3m | CN¥13.5m | −CN¥54.9m | −CN¥39.3m | CN¥85.5m | CN¥311.0m |
| Dividends paid | −CN¥1.1m | −CN¥737,549 | −CN¥2,813 | −CN¥585,027 | −CN¥4.3m | −CN¥4.7m | −CN¥4.7m | −CN¥7.0m | −CN¥6.7m | −CN¥20.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥84.2m | CN¥88.7m | CN¥107.4m | CN¥81.3m | CN¥49.3m | CN¥53.8m | CN¥83.6m | CN¥53.6m |
| Gross profit | CN¥858,822 | CN¥3.3m | CN¥3.9m | CN¥8.1m | CN¥5.7m | CN¥6.4m | CN¥6.1m | CN¥4.1m |
| Operating income | −CN¥7.4m | −CN¥4.3m | CN¥954,927 | −CN¥2.3m | CN¥2.7m | −CN¥3.7m | −CN¥6.7m | −CN¥8.3m |
| Net income | −CN¥7.9m | −CN¥5.6m | −CN¥7.3m | −CN¥2.4m | −CN¥1.3m | −CN¥3.9m | −CN¥6.7m | −CN¥7.9m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.01 | -0.00 | -0.01 | -0.02 | -0.02 |
| Cash from operations | — | — | — | −CN¥55.0m | −CN¥8.0m | CN¥22.0m | — | CN¥6.0m |
| Capital spending | −CN¥1.0m | — | −CN¥4.0m | −CN¥1.0m | — | — | −CN¥1.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥56.0m | — | — | — | CN¥5.0m |
| Total assets | CN¥537.8m | CN¥554.5m | CN¥560.7m | CN¥590.2m | CN¥549.1m | CN¥727.2m | CN¥727.5m | CN¥602.6m |
| Cash and short-term investments | — | — | — | CN¥83.7m | CN¥103.3m | CN¥105.3m | CN¥67.9m | CN¥143.1m |
| Debt | CN¥24.9m | — | — | CN¥30.1m | CN¥19.9m | CN¥19.9m | CN¥14.9m | CN¥14.9m |
| Shareholders' equity | CN¥490.4m | CN¥498.3m | CN¥503.9m | CN¥516.1m | CN¥515.1m | CN¥518.3m | CN¥520.3m | CN¥565.9m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 8.2% | 10.7% | 15.5% | 10.1% | 14.9% | 12.6% | — | — | — | — | — |
| Operating margin | -4.9% | -12.5% | -29.0% | -12.7% | -29.1% | -84.1% | — | — | — | — | — |
| Net margin | -5.1% | -14.9% | -24.3% | -12.9% | -21.1% | -63.6% | — | — | — | — | — |
| Return on equity | -3.0% | -7.0% | -10.7% | -5.0% | -9.6% | -29.1% | — | — | — | — | — |
| Return on assets | -2.7% | -5.0% | -8.1% | -3.9% | -6.6% | -18.9% | — | — | — | — | — |
| Free cash flow yield | -2.2% | -1.5% | -0.1% | 1.9% | 1.3% | 2.1% | — | — | — | — | — |
| Revenue growth | 18.9% | 11.4% | 2.1% | -12.7% | -16.9% | -47.6% | — | — | — | — | — |
| Earnings growth | -58.9% | -32.0% | 93.2% | -46.8% | -72.4% | -591.3% | — | — | — | — | — |
| Current ratio | 5.60x | 2.58x | 2.00x | 2.14x | 1.54x | 1.79x | — | — | — | — | — |
| Debt to equity | — | 0.03x | 0.11x | 0.06x | 0.15x | 0.20x | 0.25x | — | — | — | — |
| Equity ratio | 89.9% | 71.5% | 75.4% | 77.6% | 68.4% | 64.9% | — | — | — | — | — |
| Interest coverage | -12.73x | -15.16x | -26.89x | -9.41x | -10.64x | -17.77x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | 1.8% | 2.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | -13.6% | 23.9% | -23.4% | 10.1% | -0.7% | 5.4% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.6% | -0.4% | -10.1% |
| Operating income | -31.9% | -54.4% | — |
| Net income | -18.6% | -39.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 10.9% | 11.9% | 13.8% |
| Operating margin | -7.7% | -13.6% | -42.0% | -8.3% |
| Net margin | -9.6% | -13.6% | -24.6% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -176.0 | -62.2 | -60.3 | -62.6 | -45.3 | -11.6 | 80.2 | 38.1 | 89.1 | 219.7 |
| Price to sales | 9.0 | 9.2 | 14.7 | 8.1 | 9.6 | 7.3 | 5.4 | 6.4 | 9.3 | 10.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
- 2-for-1 split · 23 Aug 2012
- 11-for-5 split · 31 Aug 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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