B 
6.09
-0.49%
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¥162.6m
FY2016FY2025
Net income
−CN¥78.6m
FY2016FY2025
Free cash flow
−CN¥64.2m
FY2016FY2025
Shareholders' equity
CN¥285.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥162.6m | CN¥147.8m | CN¥133.0m | CN¥124.1m | CN¥292.4m | CN¥423.9m | CN¥515.4m | CN¥526.1m | CN¥690.6m | CN¥553.4m |
| Research and development | CN¥30.3m | CN¥7.6m | CN¥13.5m | CN¥16.1m | CN¥41.4m | CN¥20.3m | CN¥34.5m | CN¥33.1m | CN¥24.4m | CN¥35.1m |
| Operating income | −CN¥78.9m | −CN¥51.7m | −CN¥157.4m | −CN¥109.3m | −CN¥758.6m | CN¥55.1m | −CN¥504.6m | CN¥16.0m | CN¥69.3m | CN¥21.7m |
| Net income | −CN¥78.6m | −CN¥62.2m | −CN¥127.3m | −CN¥122.1m | −CN¥754.1m | CN¥47.7m | −CN¥519.2m | CN¥11.0m | CN¥47.5m | CN¥31.9m |
| Diluted earnings per share | -0.20 | -0.16 | -0.44 | -0.41 | -2.54 | 0.17 | -1.73 | 0.05 | 0.16 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥439.0m | CN¥548.3m | CN¥858.6m | CN¥482.1m | CN¥629.0m | CN¥1.40bn | CN¥1.74bn | CN¥2.29bn | CN¥1.78bn | CN¥937.0m |
| Cash and short-term investments | — | CN¥262.2m | CN¥512.1m | CN¥7.3m | CN¥45.3m | CN¥15.1m | CN¥77.8m | CN¥210.9m | CN¥191.1m | CN¥234.8m |
| Total liabilities | CN¥153.8m | CN¥184.1m | CN¥436.3m | CN¥441.8m | CN¥467.3m | CN¥486.7m | CN¥814.4m | CN¥825.2m | CN¥580.2m | CN¥274.3m |
| Debt | — | CN¥60.8m | CN¥95.9m | CN¥213.2m | CN¥261.1m | CN¥250.6m | CN¥316.2m | CN¥278.5m | CN¥361.2m | CN¥103.2m |
| Shareholders' equity | CN¥285.6m | CN¥364.3m | CN¥422.3m | CN¥40.3m | CN¥161.8m | CN¥915.9m | CN¥927.1m | CN¥1.46bn | CN¥1.20bn | CN¥662.6m |
| Shares outstanding | 386m | 391m | 290m | 296m | 297m | 288m | 300m | 204m | 297m | 228m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥59.0m | −CN¥94.9m | −CN¥3.3m | −CN¥252,527 | CN¥20.3m | CN¥154.3m | −CN¥9.2m | CN¥79.0m | −CN¥203.3m | −CN¥152.0m |
| Capital spending | −CN¥5.1m | −CN¥13.6m | −CN¥3,786 | −CN¥2.1m | −CN¥185,881 | −CN¥41.2m | −CN¥25.7m | −CN¥22.5m | −CN¥7.5m | −CN¥4.8m |
| Free cash flow | −CN¥64.2m | −CN¥108.5m | −CN¥3.3m | −CN¥2.4m | CN¥20.1m | CN¥113.2m | −CN¥34.9m | CN¥56.4m | −CN¥210.9m | −CN¥156.9m |
| Dividends paid | −CN¥1.3m | −CN¥5.3m | −CN¥3.1m | −CN¥9.6m | −CN¥14.6m | −CN¥15.3m | −CN¥11.7m | −CN¥12.0m | −CN¥9.2m | −CN¥11.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥32.7m | CN¥42.2m | CN¥49.0m | CN¥31.8m | CN¥29.5m | CN¥52.2m | CN¥68.0m | CN¥26.2m |
| Operating income | −CN¥10.5m | −CN¥6.9m | −CN¥14.6m | −CN¥28.0m | −CN¥18.9m | −CN¥7.5m | −CN¥31.5m | −CN¥25.3m |
| Net income | −CN¥10.1m | −CN¥7.4m | −CN¥24.8m | −CN¥25.3m | −CN¥20.1m | −CN¥8.4m | −CN¥36.6m | −CN¥22.7m |
| Diluted earnings per share | -0.03 | -0.02 | -0.06 | -0.07 | -0.05 | -0.02 | -0.09 | -0.06 |
| Cash from operations | — | — | — | −CN¥36.0m | −CN¥36.0m | −CN¥78.0m | CN¥8.0m | −CN¥47.0m |
| Capital spending | — | — | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | — | −CN¥12.0m | — |
| Free cash flow | — | — | — | −CN¥37.0m | −CN¥37.0m | — | −CN¥4.0m | — |
| Total assets | CN¥487.6m | CN¥444.5m | CN¥439.0m | CN¥468.1m | CN¥512.7m | CN¥537.1m | CN¥548.3m | CN¥531.4m |
| Cash and short-term investments | — | — | — | CN¥75.9m | CN¥108.0m | CN¥150.3m | CN¥262.2m | CN¥184.3m |
| Debt | — | — | — | CN¥56.0m | CN¥50.1m | CN¥50.0m | CN¥50.0m | CN¥10.0m |
| Shareholders' equity | CN¥268.1m | CN¥278.2m | CN¥285.6m | CN¥310.5m | CN¥335.8m | CN¥355.9m | CN¥364.3m | CN¥396.8m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -48.3% | -34.9% | -118.3% | -88.1% | -259.4% | 14.6% | — |
| Net margin | -48.4% | -42.0% | -95.7% | -98.4% | -257.9% | 11.3% | — |
| Return on equity | -27.5% | -17.1% | -30.2% | -302.6% | -466.1% | 5.2% | — |
| Return on assets | -17.9% | -11.3% | -14.8% | -25.3% | -119.9% | 3.4% | — |
| Free cash flow yield | -2.2% | -3.3% | -0.2% | 0.1% | 1.1% | 10.6% | — |
| Revenue growth | 10.0% | 11.1% | 7.2% | -57.6% | -31.0% | -17.8% | — |
| Earnings growth | 26.5% | -51.2% | 4.3% | -83.8% | -1680.8% | -109.2% | — |
| Current ratio | 1.98x | 2.29x | 1.52x | 0.64x | 0.90x | 1.23x | — |
| Debt to equity | — | 0.14x | 0.22x | 5.25x | 1.47x | 0.24x | 0.28x |
| Equity ratio | 65.1% | 66.4% | 49.2% | 8.4% | 25.7% | 65.3% | — |
| Interest coverage | -28.69x | -8.37x | -10.41x | -5.51x | -43.24x | 4.04x | — |
| R&D as a share of sales | 18.6% | 5.1% | 10.1% | 13.0% | 14.1% | 4.8% | — |
| Buybacks as a share of market value | 1.2% | -34.9% | 2.2% | 0.3% | -3.4% | 4.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.4% | -17.4% | -10.2% |
| Operating income | -10.3% | — | — |
| Net income | -13.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -42.1% | -70.0% | -85.7% | -36.0% |
| Net margin | -45.4% | -68.8% | -85.4% | -36.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -37.5 | -49.4 | -15.3 | -11.4 | -3.2 | 79.9 | -6.0 | 158.8 | 68.3 | 192.7 |
| Price to sales | 18.1 | 20.8 | 14.6 | 11.2 | 8.2 | 9.0 | 6.0 | 3.3 | 4.7 | 11.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jul 2019.
| FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|
| Paid in the year | 0.039 | 0.012 | 0.028 | 0.028 |
- 9-for-5 split · 23 Jul 2019
- 2-for-1 split · 17 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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