R 
5.14
+0.19%
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¥738.2m
FY2016FY2025
Net income
−CN¥17.9m
FY2016FY2025
Free cash flow
CN¥50.0m
FY2016FY2025
Shareholders' equity
CN¥1.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥738.2m | CN¥634.9m | CN¥1.15bn | CN¥1.62bn | CN¥1.38bn | CN¥1.52bn | CN¥1.34bn | CN¥1.31bn | CN¥743.9m | CN¥410.6m |
| Gross profit | CN¥738.2m | CN¥159.6m | CN¥184.8m | CN¥475.3m | CN¥479.2m | CN¥631.8m | CN¥580.2m | CN¥580.7m | CN¥319.6m | CN¥213.4m |
| Research and development | CN¥45.0m | CN¥53.0m | CN¥75.1m | CN¥87.4m | CN¥99.7m | CN¥98.0m | CN¥69.3m | CN¥61.8m | CN¥43.9m | CN¥26.8m |
| Operating income | CN¥907,800 | −CN¥352.5m | −CN¥370.3m | CN¥89.4m | −CN¥493.4m | CN¥253.2m | CN¥293.2m | CN¥322.2m | CN¥157.5m | CN¥90.0m |
| Net income | −CN¥17.9m | −CN¥353.1m | −CN¥458.9m | CN¥75.8m | −CN¥611.8m | CN¥231.7m | CN¥234.7m | CN¥229.4m | CN¥117.9m | CN¥73.8m |
| Diluted earnings per share | -0.07 | -0.94 | -1.27 | 0.20 | -1.70 | 0.66 | 0.67 | 0.65 | 0.30 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.62bn | CN¥1.71bn | CN¥2.76bn | CN¥4.22bn | CN¥3.89bn | CN¥4.93bn | CN¥4.79bn | CN¥3.66bn | CN¥3.19bn | CN¥894.1m |
| Cash and short-term investments | — | CN¥279.3m | CN¥584.2m | CN¥503.9m | CN¥735.8m | CN¥498.8m | CN¥495.5m | CN¥311.1m | CN¥539.5m | CN¥439.7m |
| Total liabilities | CN¥423.2m | CN¥496.1m | CN¥1.80bn | CN¥2.55bn | CN¥2.20bn | CN¥2.55bn | CN¥2.45bn | CN¥1.42bn | CN¥1.17bn | CN¥204.1m |
| Debt | — | CN¥40.1m | CN¥1.02bn | CN¥1.55bn | CN¥1.34bn | CN¥1.95bn | CN¥1.65bn | CN¥785.6m | CN¥200.8m | CN¥6.4m |
| Shareholders' equity | CN¥1.20bn | CN¥1.21bn | CN¥957.3m | CN¥1.66bn | CN¥1.69bn | CN¥2.38bn | CN¥2.23bn | CN¥2.08bn | CN¥1.87bn | CN¥620.9m |
| Shares outstanding | 266m | 375m | 362m | 379m | 360m | 351m | 351m | 354m | 391m | 285m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥107.7m | −CN¥65.2m | CN¥276.8m | −CN¥302.8m | CN¥231.2m | CN¥333.2m | CN¥239.1m | CN¥37.3m | CN¥293.3m | CN¥130.5m |
| Capital spending | −CN¥57.7m | −CN¥7.0m | −CN¥66.3m | −CN¥141.9m | −CN¥132.1m | −CN¥166.8m | −CN¥725.7m | −CN¥346.3m | −CN¥27.2m | −CN¥25.0m |
| Free cash flow | CN¥50.0m | −CN¥72.1m | CN¥210.5m | −CN¥444.6m | CN¥99.1m | CN¥166.4m | −CN¥486.6m | −CN¥309.0m | CN¥266.1m | CN¥105.6m |
| Dividends paid | −CN¥854,413 | −CN¥20.2m | −CN¥49.2m | −CN¥51.6m | −CN¥46.8m | −CN¥47.3m | −CN¥46.2m | −CN¥56.2m | −CN¥18.7m | −CN¥17.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥123.1m | CN¥115.4m | CN¥250.5m | CN¥191.5m | CN¥182.5m | CN¥113.8m | CN¥189.9m | CN¥107.3m |
| Gross profit | CN¥37.0m | CN¥36.4m | CN¥567.7m | CN¥69.9m | CN¥49.9m | CN¥50.7m | −CN¥20.2m | CN¥43.1m |
| Operating income | −CN¥5.2m | −CN¥4.7m | −CN¥70.0m | CN¥45.7m | CN¥5.1m | CN¥20.2m | −CN¥299.3m | −CN¥65.4m |
| Net income | −CN¥19.9m | CN¥3.6m | −CN¥80.2m | CN¥43.2m | CN¥3.6m | CN¥15.5m | −CN¥301.0m | −CN¥60.8m |
| Diluted earnings per share | -0.07 | 0.01 | -0.30 | 0.16 | 0.01 | 0.06 | -0.80 | -0.16 |
| Cash from operations | — | — | — | CN¥32.0m | CN¥3.0m | −CN¥36.0m | CN¥34.0m | −CN¥11.0m |
| Capital spending | −CN¥4.0m | −CN¥4.0m | −CN¥46.0m | −CN¥2.0m | −CN¥8.0m | — | −CN¥2.0m | — |
| Free cash flow | — | — | — | CN¥30.0m | −CN¥5.0m | — | CN¥32.0m | — |
| Total assets | CN¥1.62bn | CN¥1.61bn | CN¥1.62bn | CN¥1.75bn | CN¥1.66bn | CN¥1.68bn | CN¥1.71bn | CN¥2.20bn |
| Cash and short-term investments | — | — | — | CN¥302.3m | CN¥226.8m | CN¥227.2m | CN¥279.3m | CN¥372.9m |
| Debt | — | — | — | CN¥22.7m | CN¥20.0m | CN¥22.7m | CN¥40.0m | CN¥523.5m |
| Shareholders' equity | CN¥1.19bn | CN¥1.20bn | CN¥1.20bn | CN¥1.28bn | CN¥1.24bn | CN¥1.23bn | CN¥1.21bn | CN¥1.09bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 25.1% | 16.0% | 29.4% | 34.8% | 41.7% |
| Operating margin | -0.6% | -49.3% | -32.1% | 10.1% | -35.8% | 24.6% |
| Net margin | -2.4% | -55.6% | -39.8% | 4.7% | -44.4% | 15.3% |
| Return on equity | -1.5% | -29.1% | -47.9% | 4.6% | -36.1% | 9.7% |
| Return on assets | -1.1% | -20.6% | -16.6% | 1.8% | -15.7% | 4.7% |
| Free cash flow yield | 10.3% | -2.6% | 15.6% | -7.0% | 16.6% | 23.5% |
| Revenue growth | 16.3% | -45.0% | -28.7% | 17.5% | -9.1% | 13.1% |
| Earnings growth | -94.9% | -23.1% | -705.5% | -112.4% | -364.1% | -1.3% |
| Current ratio | 2.89x | 2.39x | 1.74x | 1.59x | 1.64x | 1.57x |
| Debt to equity | 0.00x | 0.03x | 1.07x | 0.95x | 0.66x | 0.82x |
| Equity ratio | 73.8% | 70.9% | 34.6% | 39.3% | 43.6% | 48.4% |
| Interest coverage | -5.01x | -8.01x | -4.14x | 2.18x | -4.41x | 3.09x |
| R&D as a share of sales | 6.1% | 8.3% | 6.5% | 5.4% | 7.2% | 6.5% |
| Buybacks as a share of market value | 29.2% | -3.8% | 4.6% | -5.2% | -2.7% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.0% | -13.4% | 9.2% |
| Operating income | -78.3% | -67.6% | -35.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 65.4% | 37.6% | 37.9% | 40.5% |
| Operating margin | -25.6% | -15.3% | -12.4% | 0.6% |
| Net margin | -27.0% | -18.2% | -16.1% | -3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -181.8 | -6.3 | -5.3 | 84.1 | -7.8 | 36.9 | 21.1 | 17.0 | 48.4 | 71.4 |
| Price to sales | 4.4 | 3.5 | 2.1 | 3.9 | 3.5 | 5.6 | 3.7 | 3.0 | 7.7 | 12.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.132 | 0.129 | 0.073 | 0.045 | 0.059 | 0.056 |
- 16-for-5 split · 18 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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