H 
9.51
-1.04%
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¥1.08bn
FY2016FY2025
Net income
CN¥7.0m
FY2016FY2025
Free cash flow
CN¥158.0m
FY2016FY2025
Shareholders' equity
CN¥1.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.08bn | CN¥630.3m | CN¥936.2m | CN¥713.7m | CN¥874.8m | CN¥478.4m | CN¥542.8m | CN¥370.4m | CN¥738.9m | CN¥1.30bn |
| Research and development | CN¥38.9m | CN¥38.0m | CN¥40.6m | CN¥52.9m | CN¥42.1m | CN¥32.1m | CN¥27.5m | CN¥47.9m | CN¥27.2m | CN¥33.1m |
| Operating income | CN¥11.8m | −CN¥91.1m | −CN¥33.6m | −CN¥123.5m | CN¥27.9m | −CN¥187.1m | CN¥27.5m | −CN¥456.4m | CN¥33.2m | CN¥142.2m |
| Net income | CN¥7.0m | −CN¥82.4m | −CN¥70.2m | −CN¥135.6m | CN¥10.9m | −CN¥167.7m | CN¥20.8m | −CN¥479.3m | CN¥32.5m | CN¥167.3m |
| Diluted earnings per share | 0.01 | -0.20 | -0.17 | -0.32 | 0.03 | -0.46 | 0.06 | -1.30 | 0.08 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.84bn | CN¥2.23bn | CN¥2.39bn | CN¥2.31bn | CN¥2.18bn | CN¥1.91bn | CN¥1.80bn | CN¥2.04bn | CN¥2.87bn | CN¥2.41bn |
| Cash and short-term investments | — | CN¥188.5m | CN¥348.9m | CN¥134.2m | CN¥142.5m | CN¥136.1m | CN¥103.5m | CN¥83.6m | CN¥519.2m | CN¥618.3m |
| Total liabilities | CN¥1.22bn | CN¥1.05bn | CN¥1.11bn | CN¥1.19bn | CN¥1.09bn | CN¥834.3m | CN¥544.6m | CN¥802.7m | CN¥1.14bn | CN¥697.0m |
| Debt | — | CN¥93.7m | CN¥198.1m | CN¥354.7m | CN¥313.4m | CN¥181.0m | CN¥120.0m | CN¥211.0m | CN¥244.4m | CN¥160.4m |
| Shareholders' equity | CN¥1.57bn | CN¥1.15bn | CN¥1.22bn | CN¥1.07bn | CN¥1.06bn | CN¥1.05bn | CN¥1.22bn | CN¥1.20bn | CN¥1.69bn | CN¥1.68bn |
| Shares outstanding | 477m | 403m | 405m | 421m | 367m | 365m | 367m | 368m | 385m | 373m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥211.5m | CN¥116.1m | CN¥117.1m | −CN¥44.1m | −CN¥27.7m | −CN¥31.6m | CN¥189.8m | −CN¥264.4m | −CN¥138.0m | −CN¥96.4m |
| Capital spending | −CN¥53.5m | −CN¥89.8m | −CN¥92.9m | −CN¥94.8m | −CN¥51.8m | −CN¥56.6m | −CN¥43.1m | −CN¥87.5m | −CN¥161.8m | −CN¥241.2m |
| Free cash flow | CN¥158.0m | CN¥26.2m | CN¥24.3m | −CN¥138.9m | −CN¥79.5m | −CN¥88.2m | CN¥146.7m | −CN¥351.9m | −CN¥299.8m | −CN¥337.6m |
| Dividends paid | −CN¥8.1m | −CN¥10.0m | −CN¥16.5m | −CN¥15.9m | −CN¥14.5m | −CN¥4.4m | −CN¥11.3m | −CN¥15.1m | −CN¥55.3m | −CN¥89.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥256.7m | CN¥168.3m | CN¥404.8m | CN¥281.9m | CN¥251.3m | CN¥140.9m | CN¥304.7m | CN¥127.2m |
| Operating income | CN¥21.7m | −CN¥5.6m | −CN¥358,413 | CN¥16.0m | CN¥35.4m | CN¥7.8m | −CN¥61.4m | −CN¥8.2m |
| Net income | CN¥85.3m | −CN¥2.3m | CN¥9.6m | CN¥17.3m | −CN¥26.2m | CN¥6.3m | −CN¥54.8m | −CN¥7.6m |
| Diluted earnings per share | 0.18 | -0.00 | 0.02 | 0.04 | -0.05 | 0.01 | -0.14 | -0.02 |
| Cash from operations | — | — | — | CN¥28.0m | CN¥57.0m | −CN¥9.0m | — | CN¥37.0m |
| Capital spending | −CN¥3.0m | −CN¥4.0m | −CN¥1.0m | −CN¥13.0m | −CN¥13.0m | −CN¥25.0m | −CN¥23.0m | −CN¥16.0m |
| Free cash flow | — | — | — | CN¥15.0m | CN¥44.0m | −CN¥34.0m | — | CN¥21.0m |
| Total assets | CN¥2.69bn | CN¥2.73bn | CN¥2.84bn | CN¥2.86bn | CN¥2.38bn | CN¥2.25bn | CN¥2.23bn | CN¥2.34bn |
| Cash and short-term investments | — | — | — | CN¥668.4m | CN¥237.0m | CN¥155.8m | CN¥188.5m | CN¥232.6m |
| Debt | — | — | — | CN¥345.9m | CN¥300.2m | CN¥127.1m | CN¥86.1m | CN¥179.2m |
| Shareholders' equity | CN¥1.65bn | CN¥1.57bn | CN¥1.57bn | CN¥1.56bn | CN¥1.13bn | CN¥1.15bn | CN¥1.15bn | CN¥1.20bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.8% | -13.9% | -3.5% | -17.3% | 3.5% | -39.1% | — |
| Net margin | 0.7% | -13.1% | -7.5% | -19.0% | 1.2% | -35.1% | — |
| Return on equity | 0.4% | -7.2% | -5.7% | -12.7% | 1.0% | -16.0% | — |
| Return on assets | 0.2% | -3.7% | -2.9% | -5.9% | 0.5% | -8.8% | — |
| Free cash flow yield | 5.4% | 5.0% | 5.1% | 1.2% | 0.6% | 0.7% | — |
| Revenue growth | 71.2% | -32.7% | 31.2% | -18.4% | 82.9% | -11.9% | — |
| Earnings growth | -108.5% | 17.4% | -48.2% | -1342.2% | -106.5% | -905.3% | — |
| Current ratio | 1.51x | 1.00x | 1.17x | 1.02x | 1.06x | 1.12x | — |
| Debt to equity | — | 0.08x | 0.15x | 0.25x | 0.27x | 0.21x | 0.10x |
| Equity ratio | 55.3% | 51.3% | 51.0% | 46.5% | 48.6% | 54.9% | — |
| Interest coverage | 1.06x | -9.36x | -1.90x | -6.58x | 1.93x | -17.22x | — |
| R&D as a share of sales | 3.6% | 6.0% | 4.3% | 7.4% | 4.8% | 6.7% | — |
| Buybacks as a share of market value | -18.3% | 0.4% | 3.8% | -14.7% | -0.6% | 0.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.8% | 17.7% | -0.3% |
| Operating income | — | — | -23.9% |
| Net income | — | — | -27.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.6% | -7.0% | -8.4% | -5.3% |
| Net margin | -4.4% | -8.4% | -9.3% | -5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -46.3 | -79.5 | -37.1 | — | -23.7 | 160.3 | -4.2 | 147.7 | 15.4 |
| Price to sales | 5.6 | 6.0 | 6.0 | 7.0 | 10.7 | 8.3 | 6.2 | 5.4 | 6.5 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2020.
| FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.012 | 0.018 | 0.132 | 0.24 |
- 5-for-2 split · 5 Jun 2017
- 2-for-1 split · 13 Oct 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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