J 
5.11
-1.73%
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¥890.4m
FY2016FY2025
Net income
−CN¥255.6m
FY2016FY2025
Free cash flow
−CN¥117.1m
FY2016FY2025
Shareholders' equity
CN¥2.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥890.4m | CN¥1.10bn | CN¥1.69bn | CN¥1.87bn | CN¥1.37bn | CN¥1.00bn | CN¥874.6m | CN¥738.5m | CN¥590.5m | CN¥520.3m |
| Research and development | CN¥45.1m | CN¥53.5m | CN¥58.8m | CN¥84.5m | CN¥64.0m | CN¥45.1m | CN¥38.7m | CN¥29.0m | CN¥25.2m | CN¥26.5m |
| Operating income | −CN¥257.9m | −CN¥400.9m | CN¥5.8m | CN¥154.2m | CN¥273.2m | CN¥180.6m | CN¥107.7m | CN¥86.0m | CN¥76.4m | CN¥79.1m |
| Net income | −CN¥255.6m | −CN¥357.4m | CN¥8.7m | CN¥138.7m | CN¥241.2m | CN¥156.2m | CN¥94.4m | CN¥76.2m | CN¥69.0m | CN¥72.2m |
| Diluted earnings per share | -0.68 | -0.95 | 0.03 | 0.49 | 0.85 | 0.54 | 0.32 | 0.26 | 0.24 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.32bn | CN¥3.63bn | CN¥3.46bn | CN¥3.07bn | CN¥2.12bn | CN¥1.94bn | CN¥1.75bn | CN¥1.64bn | CN¥1.58bn | CN¥1.46bn |
| Cash and short-term investments | — | CN¥739.3m | CN¥411.4m | CN¥386.5m | CN¥476.6m | CN¥424.8m | CN¥380.3m | CN¥413.0m | CN¥494.1m | CN¥419.8m |
| Total liabilities | CN¥1.27bn | CN¥1.35bn | CN¥1.50bn | CN¥1.10bn | CN¥303.9m | CN¥267.8m | CN¥238.3m | CN¥156.5m | CN¥137.1m | CN¥64.6m |
| Debt | CN¥675.2m | CN¥964.2m | CN¥1.05bn | CN¥712.8m | CN¥86.1m | CN¥90.0m | CN¥90.0m | CN¥40.0m | CN¥10.0m | CN¥21.7m |
| Shareholders' equity | CN¥2.06bn | CN¥2.28bn | CN¥1.96bn | CN¥1.97bn | CN¥1.82bn | CN¥1.67bn | CN¥1.51bn | CN¥1.48bn | CN¥1.44bn | CN¥1.40bn |
| Shares outstanding | 375m | 375m | 286m | 284m | 282m | 289m | 292m | 289m | 287m | 291m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥102.0m | −CN¥109.0m | −CN¥158.5m | −CN¥131.1m | CN¥168.5m | CN¥122.1m | CN¥144.0m | −CN¥7.7m | CN¥53.7m | CN¥85.1m |
| Capital spending | −CN¥15.1m | −CN¥207.6m | −CN¥236.1m | −CN¥583.3m | −CN¥280.7m | −CN¥131.0m | −CN¥208.9m | −CN¥51.1m | −CN¥24.8m | −CN¥10.8m |
| Free cash flow | −CN¥117.1m | −CN¥316.6m | −CN¥394.5m | −CN¥714.4m | −CN¥112.2m | −CN¥8.9m | −CN¥64.9m | −CN¥58.8m | CN¥28.9m | CN¥74.3m |
| Dividends paid | −CN¥15.6m | −CN¥18.0m | −CN¥45.7m | −CN¥76.8m | −CN¥47.1m | −CN¥30.0m | −CN¥18.2m | −CN¥18.2m | −CN¥17.5m | −CN¥19.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥254.1m | CN¥192.1m | CN¥177.6m | CN¥237.3m | CN¥244.6m | CN¥230.8m | CN¥247.8m | CN¥236.1m |
| Operating income | −CN¥29.7m | −CN¥32.3m | −CN¥62.1m | −CN¥74.4m | −CN¥80.8m | −CN¥55.4m | −CN¥223.1m | −CN¥72.3m |
| Net income | −CN¥38.5m | −CN¥48.6m | −CN¥66.4m | −CN¥65.2m | −CN¥67.5m | −CN¥56.5m | −CN¥193.6m | −CN¥59.8m |
| Diluted earnings per share | -0.10 | -0.13 | -0.18 | -0.17 | -0.18 | -0.15 | -0.52 | -0.16 |
| Cash from operations | — | — | — | −CN¥31.0m | −CN¥60.0m | CN¥6.0m | — | −CN¥137.0m |
| Capital spending | — | −CN¥1.0m | −CN¥3.0m | −CN¥5.0m | −CN¥2.0m | −CN¥4.0m | −CN¥5.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥36.0m | −CN¥62.0m | CN¥2.0m | — | −CN¥160.0m |
| Total assets | CN¥3.28bn | CN¥3.29bn | CN¥3.32bn | CN¥3.46bn | CN¥3.54bn | CN¥3.67bn | CN¥3.63bn | CN¥3.79bn |
| Cash and short-term investments | — | — | — | CN¥488.6m | CN¥499.1m | CN¥610.2m | CN¥739.3m | CN¥415.4m |
| Debt | CN¥707.5m | CN¥671.4m | CN¥675.2m | CN¥382.1m | CN¥998.2m | CN¥1.00bn | CN¥964.2m | CN¥952.1m |
| Shareholders' equity | CN¥1.98bn | CN¥2.01bn | CN¥2.06bn | CN¥2.12bn | CN¥2.16bn | CN¥2.22bn | CN¥2.28bn | CN¥2.48bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -27.7% | -35.0% | 2.6% | 9.1% | 20.2% | 18.4% |
| Net margin | -28.7% | -32.5% | 0.5% | 7.4% | 17.7% | 15.6% |
| Return on equity | -12.4% | -15.7% | 0.4% | 7.0% | 13.3% | 9.3% |
| Return on assets | -7.7% | -9.8% | 0.3% | 4.5% | 11.4% | 8.0% |
| Free cash flow yield | -4.3% | 4.9% | 5.1% | 29.6% | 29.6% | 16.3% |
| Revenue growth | -19.0% | -34.8% | -9.7% | 36.7% | 36.5% | 14.4% |
| Earnings growth | -28.5% | -4205.4% | -93.7% | -42.5% | 54.4% | 65.5% |
| Current ratio | 2.51x | 2.75x | 1.95x | 2.68x | 4.45x | 5.78x |
| Debt to equity | 0.33x | 0.42x | 0.54x | 0.35x | 0.05x | 0.05x |
| Equity ratio | 61.8% | 62.8% | 56.5% | 64.2% | 85.7% | 86.2% |
| Interest coverage | -5.44x | -8.71x | 1.13x | 9.46x | 76.81x | 48.39x |
| R&D as a share of sales | 5.1% | 4.9% | 3.5% | 4.5% | 4.7% | 4.5% |
| Buybacks as a share of market value | -0.0% | -31.5% | -0.5% | -0.7% | 2.3% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.9% | -2.3% | 5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -33.1% | -9.0% | -0.6% | 3.6% |
| Net margin | -30.8% | -8.4% | -0.9% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.7 | -5.7 | 324.0 | 30.3 | 21.9 | 16.2 | 25.9 | 30.0 | 31.8 | 51.9 |
| Price to sales | 2.5 | 1.9 | 1.7 | 2.3 | 3.9 | 2.5 | 2.8 | 3.1 | 3.7 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.014 | 0.118 | 0.27 | 0.163 | 0.104 | 0.065 | 0.057 | 0.06 |
- 2-for-1 split · 3 Jun 2016
- 9-for-5 split · 6 Jun 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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