T 
44.63
+3.45%
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¥316.3m
FY2016FY2025
Net income
CN¥15.7m
FY2016FY2025
Free cash flow
CN¥43.7m
FY2016FY2025
Shareholders' equity
CN¥555.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥316.3m | CN¥226.1m | CN¥259.9m | CN¥190.5m | CN¥343.9m | CN¥363.8m | CN¥503.1m | CN¥499.6m | CN¥504.3m | CN¥212.7m |
| Gross profit | CN¥94.0m | CN¥3.2m | CN¥76.1m | CN¥16.7m | CN¥135.5m | CN¥141.3m | CN¥179.0m | CN¥200.3m | CN¥209.1m | CN¥84.4m |
| Research and development | CN¥19.8m | CN¥22.4m | CN¥28.8m | CN¥18.7m | CN¥14.2m | CN¥14.1m | CN¥34.1m | CN¥48.3m | CN¥26.2m | CN¥13.0m |
| Operating income | CN¥281,593 | −CN¥152.3m | −CN¥14.5m | −CN¥81.6m | CN¥35.8m | CN¥53.9m | −CN¥286.9m | −CN¥56.2m | CN¥66.6m | CN¥27.0m |
| Net income | CN¥15.7m | −CN¥153.6m | CN¥9.9m | −CN¥63.5m | CN¥31.9m | CN¥104.8m | −CN¥196.5m | −CN¥88.8m | CN¥21.2m | CN¥13.4m |
| Diluted earnings per share | 0.10 | -0.98 | 0.24 | -0.50 | 0.27 | 0.91 | -1.65 | -61.64 | 0.18 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥808.7m | CN¥884.5m | CN¥921.6m | CN¥930.5m | CN¥531.4m | CN¥567.7m | CN¥464.5m | CN¥1.39bn | CN¥1.26bn | CN¥944.7m |
| Cash and short-term investments | — | CN¥72.2m | CN¥66.1m | CN¥412.6m | CN¥115.8m | CN¥147.7m | CN¥72.9m | CN¥228.0m | CN¥109.9m | CN¥45.2m |
| Total liabilities | CN¥253.7m | CN¥376.7m | CN¥254.0m | CN¥263.8m | CN¥285.9m | CN¥420.4m | CN¥453.5m | CN¥1.05bn | CN¥818.9m | CN¥581.6m |
| Debt | CN¥10.0m | CN¥92.6m | CN¥88.1m | CN¥56.7m | CN¥81.7m | CN¥132.1m | CN¥198.2m | CN¥317.8m | CN¥348.8m | CN¥157.9m |
| Shareholders' equity | CN¥555.0m | CN¥522.5m | CN¥676.2m | CN¥664.1m | CN¥245.5m | CN¥146.3m | CN¥9.6m | CN¥244.6m | CN¥346.7m | CN¥300.5m |
| Shares outstanding | 162m | 156m | 41m | 126m | 117m | 116m | 119m | 1m | 120m | 111m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥45.9m | −CN¥39.6m | −CN¥92.0m | −CN¥11.8m | CN¥70.5m | CN¥14.3m | CN¥25.9m | CN¥140.3m | −CN¥41.9m | −CN¥22.6m |
| Capital spending | −CN¥2.2m | −CN¥6.6m | −CN¥72.8m | −CN¥50.2m | −CN¥23.5m | −CN¥2.2m | −CN¥5.0m | −CN¥42.7m | −CN¥48.4m | −CN¥29.3m |
| Free cash flow | CN¥43.7m | −CN¥46.2m | −CN¥164.8m | −CN¥62.0m | CN¥47.0m | CN¥12.0m | CN¥20.9m | CN¥97.6m | −CN¥90.3m | −CN¥51.9m |
| Dividends paid | −CN¥2.5m | −CN¥2.9m | −CN¥1.5m | −CN¥4.1m | −CN¥5.1m | −CN¥12.3m | −CN¥15.6m | −CN¥22.5m | −CN¥16.3m | −CN¥10.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥100.2m | CN¥39.0m | CN¥170.8m | CN¥53.4m | CN¥51.8m | CN¥40.3m | CN¥33.5m | CN¥85.0m |
| Gross profit | CN¥28.2m | CN¥9.6m | CN¥50.5m | CN¥13.6m | CN¥17.8m | CN¥12.1m | −CN¥71.9m | CN¥47.9m |
| Operating income | CN¥8.9m | −CN¥12.4m | CN¥22.7m | CN¥21.9m | −CN¥9.7m | −CN¥15.7m | −CN¥114.0m | −CN¥1.7m |
| Net income | CN¥2.4m | −CN¥19.2m | CN¥11.0m | CN¥23.3m | −CN¥10.6m | −CN¥8.0m | −CN¥119.5m | −CN¥14.1m |
| Diluted earnings per share | 0.01 | -0.12 | 0.07 | 0.14 | -0.07 | -0.05 | -0.77 | -0.09 |
| Cash from operations | — | — | — | −CN¥20.0m | −CN¥25.0m | CN¥69.0m | — | CN¥3.0m |
| Capital spending | −CN¥1.0m | −CN¥3.0m | — | −CN¥2.0m | — | −CN¥1.0m | — | — |
| Free cash flow | — | — | — | −CN¥22.0m | — | CN¥68.0m | — | — |
| Total assets | CN¥813.2m | CN¥785.9m | CN¥808.7m | CN¥804.6m | CN¥898.3m | CN¥862.5m | CN¥884.5m | CN¥978.5m |
| Cash and short-term investments | — | — | — | CN¥110.5m | CN¥115.6m | CN¥114.9m | CN¥72.2m | CN¥53.5m |
| Debt | CN¥9.7m | CN¥9.9m | CN¥10.0m | CN¥72.6m | CN¥48.0m | CN¥62.3m | CN¥92.3m | CN¥87.6m |
| Shareholders' equity | CN¥561.3m | CN¥542.4m | CN¥555.0m | CN¥531.8m | CN¥506.4m | CN¥515.0m | CN¥522.5m | CN¥643.6m |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.7% | 1.4% | 29.3% | 8.7% | 39.4% | 38.8% |
| Operating margin | 5.3% | -64.5% | -3.6% | -39.9% | 11.7% | 17.5% |
| Net margin | 5.0% | -67.9% | 3.8% | -33.3% | 9.3% | 28.8% |
| Return on equity | 2.8% | -29.4% | 1.5% | -9.6% | 13.0% | 71.7% |
| Return on assets | 1.9% | -17.4% | 1.1% | -6.8% | 6.0% | 18.5% |
| Free cash flow yield | 0.8% | -0.6% | -1.3% | 0.8% | 2.2% | 0.4% |
| Revenue growth | 39.9% | -13.0% | 36.4% | -44.6% | -5.5% | -27.7% |
| Earnings growth | -110.2% | -1654.9% | -115.6% | -298.9% | -69.6% | -153.3% |
| Current ratio | 1.77x | 1.37x | 2.38x | 3.23x | 1.37x | 1.13x |
| Debt to equity | 0.02x | 0.18x | 0.09x | 0.04x | 0.22x | 0.66x |
| Equity ratio | 68.6% | 59.1% | 73.4% | 71.4% | 46.2% | 25.8% |
| Interest coverage | 3.24x | -23.56x | -4.51x | -20.85x | 7.61x | 5.86x |
| R&D as a share of sales | 6.2% | 9.9% | 11.1% | 9.8% | 4.1% | 3.9% |
| Buybacks as a share of market value | -3.6% | -279.6% | 67.4% | -7.4% | -1.5% | 2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.4% | -2.8% | 11.3% |
| Operating income | — | -65.0% | -36.1% |
| Net income | — | -31.6% | -3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.9% | 19.1% | 27.5% | 33.9% |
| Operating margin | -28.0% | -25.0% | -9.3% | -10.9% |
| Net margin | -25.4% | -19.3% | -3.2% | -8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 196.6 | -19.0 | 107.8 | -27.3 | 72.2 | 23.3 | -11.8 | -0.3 | 181.9 | 294.6 |
| Price to sales | 9.8 | 12.9 | 4.1 | 9.1 | 6.7 | 6.7 | 4.6 | 0.1 | 7.7 | 18.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|
| Paid in the year | 0.036 | 0.029 | 0.083 | 0.139 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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