H 
5.87
-0.51%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥1.00bn
FY2016FY2025
Net income
−CN¥166.7m
FY2016FY2025
Free cash flow
−CN¥86.0m
FY2016FY2025
Shareholders' equity
CN¥459.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.00bn | CN¥1.03bn | CN¥1.18bn | CN¥251.3m | CN¥157.9m | CN¥149.2m | CN¥123.3m | CN¥104.6m | CN¥151.1m | CN¥198.7m |
| Research and development | CN¥53.5m | CN¥43.2m | CN¥53.1m | CN¥7.7m | CN¥5.6m | CN¥4.6m | CN¥10.3m | CN¥38.4m | CN¥21.6m | CN¥10.4m |
| Operating income | −CN¥119.7m | −CN¥400.8m | −CN¥264.8m | −CN¥44.2m | CN¥5.4m | CN¥5.4m | CN¥54.0m | −CN¥293.8m | −CN¥51.7m | CN¥9.3m |
| Net income | −CN¥166.7m | −CN¥297.6m | −CN¥198.2m | −CN¥35.2m | CN¥4.7m | CN¥5.2m | CN¥48.0m | −CN¥285.2m | −CN¥49.9m | CN¥10.3m |
| Diluted earnings per share | -0.29 | -0.52 | -0.34 | -0.08 | 0.01 | 0.01 | 0.11 | -0.66 | -0.10 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.50bn | CN¥3.65bn | CN¥2.45bn | CN¥1.33bn | CN¥573.2m | CN¥558.7m | CN¥582.6m | CN¥628.3m | CN¥1.02bn | CN¥1.10bn |
| Cash and short-term investments | — | CN¥350.7m | CN¥325.9m | CN¥580.2m | CN¥148.4m | CN¥129.5m | CN¥134.0m | CN¥50.8m | CN¥80.8m | CN¥145.6m |
| Total liabilities | CN¥3.12bn | CN¥3.10bn | CN¥1.59bn | CN¥329.7m | CN¥60.6m | CN¥51.1m | CN¥81.1m | CN¥174.5m | CN¥240.3m | CN¥255.2m |
| Debt | CN¥44.4m | CN¥467.3m | CN¥134.6m | CN¥8.5m | CN¥8.7m | CN¥19.3m | CN¥41.0m | CN¥118.0m | CN¥185.8m | CN¥195.0m |
| Shareholders' equity | CN¥459.9m | CN¥594.3m | CN¥874.5m | CN¥992.6m | CN¥504.4m | CN¥499.7m | CN¥494.5m | CN¥446.5m | CN¥731.8m | CN¥795.0m |
| Shares outstanding | 583m | 577m | 577m | 442m | 439m | 471m | 420m | 431m | 494m | 723m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥22.1m | −CN¥78.4m | −CN¥544.1m | −CN¥72.8m | CN¥21.4m | CN¥27.2m | CN¥55.8m | CN¥28.9m | CN¥15.8m | −CN¥91.1m |
| Capital spending | −CN¥63.8m | −CN¥86.1m | −CN¥154.2m | −CN¥50.7m | −CN¥3.4m | −CN¥7.8m | −CN¥5.9m | −CN¥15.0m | −CN¥40.0m | −CN¥34.7m |
| Free cash flow | −CN¥86.0m | −CN¥164.5m | −CN¥698.3m | −CN¥123.5m | CN¥18.0m | CN¥19.4m | CN¥49.9m | CN¥13.9m | −CN¥24.2m | −CN¥125.7m |
| Dividends paid | −CN¥15.5m | −CN¥8.4m | −CN¥5.5m | — | — | −CN¥396,272 | −CN¥4.7m | −CN¥7.4m | −CN¥20.6m | −CN¥18.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥130.4m | CN¥163.6m | CN¥286.8m | CN¥260.2m | CN¥215.7m | CN¥240.4m | CN¥272.6m | CN¥289.2m |
| Operating income | −CN¥63.7m | −CN¥49.6m | −CN¥30.6m | −CN¥33.1m | −CN¥60.3m | −CN¥45.6m | −CN¥146.9m | −CN¥49.6m |
| Net income | −CN¥64.2m | −CN¥60.6m | −CN¥64.0m | −CN¥21.8m | −CN¥47.8m | −CN¥33.1m | −CN¥110.1m | −CN¥50.9m |
| Diluted earnings per share | -0.11 | -0.10 | -0.11 | -0.04 | -0.08 | -0.06 | -0.19 | -0.09 |
| Cash from operations | — | — | — | −CN¥14.0m | CN¥6.0m | −CN¥88.0m | — | −CN¥55.0m |
| Capital spending | −CN¥1.0m | −CN¥6.0m | −CN¥31.0m | — | −CN¥2.0m | −CN¥29.0m | −CN¥55.0m | −CN¥5.0m |
| Free cash flow | — | — | — | — | CN¥4.0m | −CN¥117.0m | — | −CN¥60.0m |
| Total assets | CN¥3.34bn | CN¥3.34bn | CN¥3.50bn | CN¥3.54bn | CN¥3.44bn | CN¥3.48bn | CN¥3.65bn | CN¥3.63bn |
| Cash and short-term investments | — | — | — | CN¥241.1m | CN¥215.2m | CN¥207.6m | CN¥350.7m | CN¥239.1m |
| Debt | CN¥44.0m | CN¥48.9m | CN¥44.4m | CN¥702.8m | CN¥441.6m | CN¥448.4m | CN¥461.5m | CN¥160.5m |
| Shareholders' equity | CN¥342.3m | CN¥402.6m | CN¥459.9m | CN¥521.1m | CN¥525.1m | CN¥564.4m | CN¥594.3m | CN¥703.6m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -12.2% | -33.2% | -20.8% | -17.2% | 4.3% | 4.0% | — | — | — |
| Net margin | -16.6% | -28.8% | -16.9% | -14.0% | 3.0% | 3.5% | — | — | — |
| Return on equity | -36.2% | -50.1% | -22.7% | -3.5% | 0.9% | 1.0% | — | — | — |
| Return on assets | -4.8% | -8.2% | -8.1% | -2.6% | 0.8% | 0.9% | — | — | — |
| Free cash flow yield | 1.2% | 0.2% | -11.6% | -0.9% | 1.0% | 1.3% | — | — | — |
| Revenue growth | -2.8% | -12.2% | 367.7% | 59.2% | 5.8% | 21.0% | — | — | — |
| Earnings growth | -44.0% | 50.1% | 462.6% | -846.7% | -8.6% | -89.2% | — | — | — |
| Current ratio | 0.66x | 0.67x | 0.94x | 2.91x | 6.47x | 6.96x | — | — | — |
| Debt to equity | 0.10x | 0.78x | 0.15x | — | — | — | 0.08x | 0.26x | 0.25x |
| Equity ratio | 13.1% | 16.3% | 35.8% | 74.6% | 88.0% | 89.4% | — | — | — |
| Interest coverage | -1.45x | -5.90x | -12.67x | -53.30x | 13.02x | 11.10x | — | — | — |
| R&D as a share of sales | 5.3% | 4.2% | 4.5% | 3.1% | 3.6% | 3.1% | — | — | — |
| Buybacks as a share of market value | -1.0% | -0.0% | -30.5% | -0.8% | 6.9% | -12.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.6% | 46.4% | 14.9% |
| Operating income | 39.5% | — | — |
| Net income | 67.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -25.6% | -24.0% | -21.7% | -23.3% |
| Net margin | -22.8% | -20.2% | -18.3% | -20.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.0 | -10.9 | -22.4 | -129.0 | 478.8 | 357.4 | 67.8 | -5.3 | -65.7 | — |
| Price to sales | 3.6 | 3.1 | 3.8 | 18.1 | 14.3 | 12.4 | 26.4 | 14.3 | 21.7 | 39.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jun 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.026 | 0.025 | 0.024 | 0.072 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.