H 
9.65
-2.82%
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¥868.8m
FY2016FY2025
Net income
−CN¥40.6m
FY2016FY2025
Free cash flow
CN¥93.0m
FY2016FY2025
Shareholders' equity
CN¥1.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥868.8m | CN¥1.09bn | CN¥1.13bn | CN¥1.80bn | CN¥1.64bn | CN¥1.24bn | CN¥1.71bn | CN¥1.71bn | CN¥841.1m | CN¥478.8m |
| Research and development | CN¥8.9m | CN¥11.9m | CN¥12.6m | CN¥22.2m | CN¥27.7m | CN¥25.5m | CN¥20.2m | CN¥17.8m | CN¥21.4m | CN¥8.9m |
| Operating income | CN¥1.3m | −CN¥50.4m | −CN¥43.6m | −CN¥30.1m | CN¥117.8m | −CN¥305.8m | CN¥224.9m | CN¥373.5m | CN¥151.3m | CN¥54.2m |
| Net income | −CN¥40.6m | −CN¥58.6m | −CN¥55.8m | −CN¥43.9m | CN¥90.1m | −CN¥373.1m | CN¥115.3m | CN¥247.0m | CN¥113.3m | CN¥45.2m |
| Diluted earnings per share | -0.16 | -0.23 | -0.22 | -0.17 | 0.25 | -1.71 | 0.38 | 1.13 | 0.52 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.36bn | CN¥2.56bn | CN¥2.76bn | CN¥3.13bn | CN¥3.58bn | CN¥4.39bn | CN¥4.67bn | CN¥3.91bn | CN¥3.09bn | CN¥1.49bn |
| Cash and short-term investments | — | CN¥402.7m | CN¥397.2m | CN¥534.0m | CN¥568.3m | CN¥529.1m | CN¥437.4m | CN¥289.4m | CN¥217.8m | CN¥332.1m |
| Total liabilities | CN¥965.2m | CN¥1.12bn | CN¥1.23bn | CN¥1.52bn | CN¥1.94bn | CN¥2.90bn | CN¥2.76bn | CN¥2.24bn | CN¥1.69bn | CN¥314.4m |
| Debt | CN¥192.5m | CN¥367.3m | CN¥522.9m | CN¥700.5m | CN¥732.2m | CN¥1.55bn | CN¥1.53bn | CN¥968.8m | CN¥547.4m | CN¥100.1m |
| Shareholders' equity | CN¥1.38bn | CN¥1.43bn | CN¥1.57bn | CN¥1.60bn | CN¥1.63bn | CN¥1.22bn | CN¥1.61bn | CN¥1.43bn | CN¥1.20bn | CN¥1.18bn |
| Shares outstanding | 252m | 255m | 258m | 259m | 358m | 218m | 303m | 218m | 218m | 219m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥102.9m | CN¥114.7m | CN¥67.6m | CN¥177.7m | CN¥326.5m | CN¥197.5m | CN¥112.0m | CN¥84.7m | CN¥26.4m | CN¥27.4m |
| Capital spending | −CN¥10.0m | −CN¥21.4m | −CN¥26.5m | −CN¥114.4m | −CN¥62.2m | −CN¥288.6m | −CN¥302.2m | −CN¥340.8m | −CN¥208.4m | −CN¥100.5m |
| Free cash flow | CN¥93.0m | CN¥93.3m | CN¥41.1m | CN¥63.3m | CN¥264.3m | −CN¥91.1m | −CN¥190.2m | −CN¥256.1m | −CN¥182.0m | −CN¥73.1m |
| Dividends paid | −CN¥13.1m | −CN¥19.0m | −CN¥21.2m | −CN¥43.6m | −CN¥53.2m | −CN¥24.0m | −CN¥121.2m | −CN¥76.2m | −CN¥29.2m | −CN¥11.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥231.5m | CN¥261.6m | CN¥240.5m | CN¥211.8m | CN¥212.1m | CN¥204.5m | CN¥256.0m | CN¥271.0m |
| Operating income | CN¥13.2m | CN¥12.6m | CN¥10.9m | −CN¥10.5m | −CN¥17.2m | −CN¥2.1m | −CN¥898,193 | −CN¥8.2m |
| Net income | −CN¥725,878 | −CN¥1.0m | −CN¥4.2m | −CN¥10.6m | −CN¥20.6m | −CN¥5.2m | −CN¥3.3m | −CN¥10.7m |
| Diluted earnings per share | -0.00 | -0.00 | -0.02 | -0.04 | -0.08 | -0.02 | -0.01 | -0.04 |
| Cash from operations | — | — | — | CN¥18.0m | −CN¥25.0m | −CN¥14.0m | — | −CN¥5.0m |
| Capital spending | — | −CN¥2.0m | −CN¥7.0m | — | −CN¥1.0m | — | −CN¥19.0m | — |
| Free cash flow | — | — | — | — | −CN¥26.0m | — | — | — |
| Total assets | CN¥2.37bn | CN¥2.41bn | CN¥2.36bn | CN¥2.38bn | CN¥2.39bn | CN¥2.42bn | CN¥2.56bn | CN¥2.60bn |
| Cash and short-term investments | — | — | — | CN¥315.0m | CN¥317.9m | CN¥356.3m | CN¥402.7m | CN¥381.8m |
| Debt | CN¥226.9m | CN¥232.6m | CN¥192.5m | CN¥373.0m | CN¥339.9m | CN¥301.9m | CN¥365.2m | CN¥484.1m |
| Shareholders' equity | CN¥1.38bn | CN¥1.38bn | CN¥1.38bn | CN¥1.39bn | CN¥1.40bn | CN¥1.42bn | CN¥1.43bn | CN¥1.42bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -3.1% | -3.9% | -2.9% | -0.7% | 10.8% | -24.7% |
| Net margin | -4.7% | -5.4% | -4.9% | -2.4% | 5.5% | -30.1% |
| Return on equity | -2.9% | -4.1% | -3.6% | -2.7% | 5.5% | -30.5% |
| Return on assets | -1.7% | -2.3% | -2.0% | -1.4% | 2.5% | -8.5% |
| Free cash flow yield | 4.3% | 5.2% | 3.5% | 10.9% | 10.5% | 21.5% |
| Revenue growth | -20.4% | -3.8% | -37.1% | 10.2% | 32.4% | -27.5% |
| Earnings growth | -30.8% | 5.0% | 27.1% | -148.8% | -124.1% | -423.6% |
| Current ratio | 1.46x | 1.31x | 1.38x | 1.09x | 1.05x | 1.13x |
| Debt to equity | 0.14x | 0.26x | 0.33x | 0.41x | 0.37x | 1.10x |
| Equity ratio | 58.6% | 55.7% | 56.8% | 51.1% | 45.3% | 27.9% |
| Interest coverage | -1.70x | -2.10x | -1.62x | -0.49x | 2.87x | -3.66x |
| R&D as a share of sales | 1.0% | 1.1% | 1.1% | 1.2% | 1.7% | 2.1% |
| Buybacks as a share of market value | 1.0% | 1.2% | 0.4% | 27.6% | -64.0% | 28.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.6% | -6.8% | 8.1% |
| Operating income | — | — | -28.8% |
| Net income | -2.6% | -35.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.5% | -2.5% | -4.0% | 4.1% |
| Net margin | -5.1% | -4.1% | -6.2% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -99.3 | -39.1 | -58.1 | -101.4 | 105.6 | -5.8 | 27.5 | 10.3 | 30.4 | 114.6 |
| Price to sales | 4.6 | 2.1 | 2.9 | 2.5 | 5.8 | 1.8 | 1.9 | 1.5 | 4.1 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Apr 2022.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.11 | 0.23 | 0.11 | 0.08 | 0.054 |
- 14-for-5 split · 1 Apr 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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