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9.23
+0.54%
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¥499.8m
FY2016FY2025
Net income
−CN¥100.3m
FY2016FY2025
Free cash flow
−CN¥129.3m
FY2016FY2025
Shareholders' equity
CN¥1.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥499.8m | CN¥402.4m | CN¥350.7m | CN¥501.8m | CN¥558.6m | CN¥1.22bn | CN¥867.8m | CN¥264.0m | CN¥354.1m | CN¥218.1m |
| Gross profit | CN¥141.1m | CN¥107.8m | CN¥56.6m | CN¥131.2m | CN¥146.9m | CN¥464.8m | CN¥374.9m | CN¥85.1m | CN¥158.6m | CN¥73.9m |
| Research and development | CN¥80.3m | CN¥86.4m | CN¥121.6m | CN¥111.7m | CN¥94.9m | CN¥82.7m | CN¥72.9m | CN¥70.1m | CN¥41.4m | CN¥44.7m |
| Operating income | −CN¥65.2m | −CN¥110.2m | −CN¥200.2m | −CN¥143.6m | −CN¥85.6m | CN¥237.3m | CN¥168.2m | −CN¥198.8m | CN¥112.7m | −CN¥71.9m |
| Net income | −CN¥100.3m | −CN¥105.4m | −CN¥195.8m | −CN¥151.2m | −CN¥72.1m | CN¥102.9m | CN¥86.8m | −CN¥170.2m | CN¥70.1m | −CN¥70.7m |
| Diluted earnings per share | -0.20 | -0.21 | -0.41 | -0.28 | -0.18 | 0.25 | 0.20 | -0.40 | 0.16 | -0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.60bn | CN¥2.46bn | CN¥2.55bn | CN¥2.56bn | CN¥2.54bn | CN¥1.88bn | CN¥1.79bn | CN¥1.40bn | CN¥1.60bn | CN¥1.64bn |
| Cash and short-term investments | — | CN¥92.9m | CN¥339.7m | CN¥545.6m | CN¥751.8m | CN¥325.4m | CN¥142.2m | CN¥195.9m | CN¥297.4m | CN¥196.0m |
| Total liabilities | CN¥1.23bn | CN¥980.3m | CN¥937.2m | CN¥726.8m | CN¥558.9m | CN¥398.8m | CN¥529.1m | CN¥281.6m | CN¥303.6m | CN¥424.8m |
| Debt | CN¥253.4m | CN¥272.1m | CN¥295.4m | CN¥278.3m | CN¥148.9m | CN¥39.1m | CN¥31.0m | CN¥23.0m | CN¥1.0m | CN¥132.4m |
| Shareholders' equity | CN¥1.42bn | CN¥1.52bn | CN¥1.64bn | CN¥1.84bn | CN¥1.98bn | CN¥1.24bn | CN¥1.14bn | CN¥1.05bn | CN¥1.22bn | CN¥1.15bn |
| Shares outstanding | 504m | 513m | 481m | 534m | 391m | 419m | 439m | 430m | 444m | 459m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥90.0m | −CN¥102.3m | −CN¥65.0m | −CN¥75.3m | CN¥30.6m | CN¥334.0m | CN¥81.1m | −CN¥213.7m | CN¥103.3m | −CN¥33.1m |
| Capital spending | −CN¥39.3m | −CN¥133.3m | −CN¥248.2m | −CN¥308.2m | −CN¥266.0m | −CN¥78.0m | −CN¥158.3m | −CN¥97.4m | −CN¥74.9m | −CN¥137.5m |
| Free cash flow | −CN¥129.3m | −CN¥235.6m | −CN¥313.1m | −CN¥383.5m | −CN¥235.5m | CN¥256.0m | −CN¥77.1m | −CN¥311.1m | CN¥28.5m | −CN¥170.6m |
| Dividends paid | −CN¥18.3m | −CN¥16.5m | −CN¥18.5m | −CN¥13.5m | −CN¥2.2m | −CN¥17.5m | −CN¥900,990 | −CN¥779,139 | −CN¥5.0m | −CN¥7.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥112.4m | CN¥207.9m | CN¥233.0m | CN¥90.5m | CN¥88.2m | CN¥88.0m | CN¥126.4m | CN¥69.4m |
| Gross profit | CN¥32.4m | CN¥66.7m | CN¥69.9m | CN¥26.2m | CN¥24.3m | CN¥20.7m | CN¥28.6m | CN¥15.9m |
| Operating income | −CN¥19.4m | CN¥15.9m | CN¥12.5m | −CN¥27.3m | −CN¥28.8m | −CN¥32.5m | −CN¥41.3m | −CN¥40.6m |
| Net income | −CN¥24.5m | CN¥10.6m | −CN¥17.4m | −CN¥25.1m | −CN¥27.4m | −CN¥30.4m | −CN¥41.6m | −CN¥36.1m |
| Diluted earnings per share | -0.05 | 0.02 | -0.03 | -0.05 | -0.05 | -0.06 | -0.08 | -0.07 |
| Cash from operations | — | — | — | −CN¥16.0m | −CN¥58.0m | −CN¥23.0m | — | −CN¥42.0m |
| Capital spending | −CN¥6.0m | −CN¥14.0m | −CN¥6.0m | −CN¥6.0m | −CN¥4.0m | −CN¥21.0m | −CN¥25.0m | −CN¥42.0m |
| Free cash flow | — | — | — | −CN¥22.0m | −CN¥62.0m | −CN¥44.0m | — | −CN¥84.0m |
| Total assets | CN¥2.67bn | CN¥2.66bn | CN¥2.60bn | CN¥2.57bn | CN¥2.55bn | CN¥2.51bn | CN¥2.46bn | CN¥2.49bn |
| Cash and short-term investments | — | — | — | CN¥144.8m | CN¥128.7m | CN¥157.2m | CN¥92.9m | CN¥163.8m |
| Debt | CN¥245.2m | CN¥248.9m | CN¥253.4m | CN¥336.3m | CN¥440.1m | CN¥374.5m | CN¥272.1m | CN¥311.7m |
| Shareholders' equity | CN¥1.41bn | CN¥1.43bn | CN¥1.42bn | CN¥1.44bn | CN¥1.46bn | CN¥1.49bn | CN¥1.52bn | CN¥1.58bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.2% | 26.8% | 16.1% | 26.1% | 26.3% | 38.0% |
| Operating margin | -20.2% | -27.0% | -56.2% | -27.5% | -15.1% | 19.8% |
| Net margin | -20.1% | -26.2% | -55.8% | -30.1% | -12.9% | 8.4% |
| Return on equity | -7.1% | -6.9% | -11.9% | -8.2% | -3.6% | 8.3% |
| Return on assets | -3.9% | -4.3% | -7.7% | -5.9% | -2.8% | 5.5% |
| Free cash flow yield | -1.0% | 0.6% | 3.8% | 4.4% | 7.6% | 9.9% |
| Revenue growth | 24.2% | 14.7% | -30.1% | -10.2% | -54.3% | 40.9% |
| Earnings growth | -4.8% | -46.2% | 29.5% | 109.6% | -170.1% | 18.6% |
| Current ratio | 0.88x | 0.84x | 1.58x | 2.66x | 2.68x | 2.63x |
| Debt to equity | 0.18x | 0.18x | 0.17x | 0.12x | 0.04x | 0.03x |
| Equity ratio | 54.8% | 61.9% | 64.4% | 71.7% | 77.8% | 65.9% |
| Interest coverage | -8.19x | -14.39x | -43.25x | -46.97x | -20.59x | 69.30x |
| R&D as a share of sales | 16.1% | 21.5% | 34.7% | 22.3% | 17.0% | 6.8% |
| Buybacks as a share of market value | 1.8% | -6.6% | 9.8% | -36.3% | 6.5% | 4.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | -16.4% | 20.4% |
| Operating income | -23.1% | — | -1.5% |
| Net income | -12.8% | — | 6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.6% | 24.9% | 29.6% | 33.2% |
| Operating margin | -19.4% | -29.6% | -10.4% | -8.1% |
| Net margin | -22.8% | -31.5% | -14.8% | -12.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -74.4 | -53.5 | -25.4 | -32.7 | -83.0 | 79.0 | 83.0 | -13.2 | 68.0 | -93.0 |
| Price to sales | 14.9 | 14.0 | 14.2 | 9.8 | 10.7 | 6.7 | 8.3 | 8.5 | 13.5 | 30.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jun 2020.
| FY2020 | FY2015 | |
|---|---|---|
| Paid in the year | 0.041 | 0.036 |
- 9-for-5 split · 17 Jun 2020
- 2-for-1 split · 16 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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