W 
9.26
-3.04%
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¥251.5m
FY2016FY2025
Net income
CN¥1.5m
FY2016FY2025
Free cash flow
−CN¥18.1m
FY2016FY2025
Shareholders' equity
CN¥63.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥251.5m | CN¥275.1m | CN¥275.0m | CN¥263.1m | CN¥346.9m | CN¥196.8m | CN¥221.9m | CN¥212.8m | CN¥184.9m | CN¥187.3m |
| Gross profit | CN¥69.8m | CN¥79.1m | CN¥73.7m | CN¥68.9m | CN¥102.6m | CN¥44.2m | CN¥78.8m | CN¥69.2m | CN¥32.4m | CN¥68.3m |
| Research and development | CN¥15.0m | CN¥15.4m | CN¥17.6m | CN¥15.4m | CN¥13.9m | CN¥11.8m | CN¥14.7m | CN¥12.8m | CN¥17.8m | CN¥8.5m |
| Operating income | CN¥5.8m | CN¥5.0m | −CN¥26.6m | −CN¥39.2m | −CN¥69.6m | −CN¥63.1m | CN¥3.4m | CN¥10.2m | −CN¥49.3m | CN¥7.8m |
| Net income | CN¥1.5m | CN¥2.1m | −CN¥31.5m | −CN¥55.7m | −CN¥63.8m | −CN¥55.5m | CN¥4.3m | CN¥7.1m | −CN¥42.3m | CN¥6.7m |
| Diluted earnings per share | 0.01 | 0.01 | -0.21 | -0.37 | -0.42 | -0.37 | 0.03 | 0.06 | -0.29 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥285.0m | CN¥300.2m | CN¥299.7m | CN¥355.8m | CN¥394.9m | CN¥452.6m | CN¥382.7m | CN¥355.3m | CN¥351.2m | CN¥465.6m |
| Cash and short-term investments | — | CN¥65.7m | CN¥45.2m | CN¥21.7m | CN¥12.9m | CN¥85.4m | CN¥92.2m | CN¥80.0m | CN¥59.0m | CN¥126.6m |
| Total liabilities | CN¥210.5m | CN¥227.9m | CN¥227.8m | CN¥252.9m | CN¥237.8m | CN¥231.1m | CN¥110.0m | CN¥97.7m | CN¥100.9m | CN¥123.1m |
| Debt | — | CN¥14.5m | CN¥15.3m | CN¥36.4m | CN¥18.4m | CN¥72.0m | CN¥22.0m | CN¥17.0m | CN¥20.0m | CN¥30.0m |
| Shareholders' equity | CN¥63.3m | CN¥61.9m | CN¥59.9m | CN¥93.1m | CN¥148.7m | CN¥212.6m | CN¥265.0m | CN¥250.6m | CN¥243.5m | CN¥285.0m |
| Shares outstanding | 155m | 153m | 151m | 151m | 151m | 151m | 152m | 118m | 144m | 152m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥17.3m | CN¥16.4m | CN¥21.2m | −CN¥10.1m | −CN¥61.1m | −CN¥39.4m | CN¥25.1m | CN¥29.7m | CN¥385,421 | CN¥20.1m |
| Capital spending | −CN¥791,740 | −CN¥1.7m | −CN¥1.6m | −CN¥3.0m | −CN¥13.4m | −CN¥6.8m | −CN¥21.1m | −CN¥7.3m | −CN¥1.9m | −CN¥11.5m |
| Free cash flow | −CN¥18.1m | CN¥14.6m | CN¥19.6m | −CN¥13.1m | −CN¥74.6m | −CN¥46.2m | CN¥4.0m | CN¥22.4m | −CN¥1.5m | CN¥8.6m |
| Dividends paid | — | −CN¥362,500 | −CN¥5.8m | −CN¥659,661 | −CN¥1.7m | −CN¥1.6m | −CN¥756,000 | −CN¥1.2m | −CN¥2.3m | −CN¥3.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥61.7m | CN¥53.1m | CN¥73.2m | CN¥62.5m | CN¥56.6m | CN¥59.3m | CN¥75.5m | CN¥63.6m |
| Gross profit | CN¥17.6m | CN¥14.2m | CN¥20.2m | CN¥17.6m | CN¥14.8m | CN¥17.3m | CN¥18.4m | CN¥17.4m |
| Operating income | −CN¥688,019 | −CN¥1.1m | CN¥2.5m | CN¥268,257 | −CN¥1.5m | CN¥4.3m | CN¥2.0m | CN¥1.1m |
| Net income | −CN¥2.1m | −CN¥2.7m | CN¥502,718 | −CN¥259,874 | −CN¥1.5m | CN¥2.8m | CN¥1.1m | −CN¥281,553 |
| Diluted earnings per share | -0.01 | -0.02 | 0.00 | -0.00 | -0.01 | 0.02 | 0.01 | -0.00 |
| Cash from operations | — | — | — | CN¥9.0m | −CN¥8.0m | −CN¥21.0m | CN¥17.0m | CN¥9.0m |
| Capital spending | — | — | — | — | — | — | −CN¥1.0m | — |
| Free cash flow | — | — | — | — | — | — | CN¥16.0m | — |
| Total assets | CN¥278.3m | CN¥277.1m | CN¥285.0m | CN¥295.1m | CN¥283.2m | CN¥288.9m | CN¥300.2m | CN¥301.3m |
| Cash and short-term investments | — | — | — | CN¥47.1m | CN¥38.0m | CN¥46.5m | CN¥65.7m | CN¥48.8m |
| Debt | — | — | — | CN¥19.1m | CN¥15.1m | CN¥13.5m | — | — |
| Shareholders' equity | CN¥58.7m | CN¥60.6m | CN¥63.3m | CN¥63.0m | CN¥63.3m | CN¥64.7m | CN¥61.9m | CN¥60.9m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 27.7% | 28.7% | 26.8% | 26.2% | 29.6% | 22.5% | — | — | — |
| Operating margin | 2.7% | 2.8% | -7.9% | -12.5% | -19.0% | -30.8% | — | — | — |
| Net margin | 0.6% | 0.8% | -11.5% | -21.2% | -18.4% | -28.2% | — | — | — |
| Return on equity | 2.4% | 3.4% | -52.6% | -59.8% | -42.9% | -26.1% | — | — | — |
| Return on assets | 0.5% | 0.7% | -10.5% | -15.6% | -16.2% | -12.3% | — | — | — |
| Free cash flow yield | -1.1% | 1.2% | 1.5% | -0.5% | -3.1% | -2.1% | — | — | — |
| Revenue growth | -8.6% | 0.0% | 4.5% | -24.2% | 76.3% | -11.3% | — | — | — |
| Earnings growth | -28.7% | -106.7% | -43.4% | -12.8% | 15.0% | -1404.6% | — | — | — |
| Current ratio | 1.17x | 1.08x | 1.01x | 0.93x | 0.90x | 1.19x | — | — | — |
| Debt to equity | — | — | — | 0.23x | 0.02x | 0.21x | 0.08x | 0.07x | 0.08x |
| Equity ratio | 22.2% | 20.6% | 20.0% | 26.1% | 37.7% | 47.0% | — | — | — |
| Interest coverage | 3.09x | 2.80x | -4.49x | -6.16x | -14.40x | -26.42x | — | — | — |
| R&D as a share of sales | 5.9% | 5.6% | 6.4% | 5.8% | 4.0% | 6.0% | — | — | — |
| Buybacks as a share of market value | -1.8% | -0.8% | -0.2% | 0.0% | -0.2% | 0.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.5% | 5.0% | 3.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.3% | 27.4% | 27.2% | 28.7% |
| Operating margin | 2.1% | -5.2% | -11.7% | -9.1% |
| Net margin | 0.7% | -7.8% | -12.6% | -9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | — | -37.4 | -28.4 | -44.9 | -50.3 | — | 134.4 | -57.1 | — |
| Price to sales | 8.9 | 7.6 | 4.3 | 6.0 | 8.3 | 14.2 | 22.3 | 4.5 | 13.1 | 19.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2020.
| FY2020 | FY2019 | FY2017 | FY2015 | FY2014 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.005 | 0.005 | 0.008 | 0.009 | 0.023 |
- 6-for-5 split · 2 Jul 2020
- 9-for-5 split · 15 Sept 2014
- 2-for-1 split · 7 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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