B 
10.91
-1.71%
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¥1.07bn
FY2016FY2025
Net income
−CN¥13.3m
FY2016FY2025
Free cash flow
−CN¥268.2m
FY2016FY2025
Shareholders' equity
CN¥550.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.07bn | CN¥1.35bn | CN¥1.73bn | CN¥1.45bn | CN¥1.06bn | CN¥1.15bn | CN¥1.08bn | CN¥819.2m | CN¥606.5m | CN¥431.4m |
| Gross profit | CN¥193.0m | CN¥194.6m | CN¥303.6m | CN¥284.7m | CN¥275.2m | CN¥268.0m | CN¥243.5m | CN¥184.6m | CN¥143.4m | CN¥118.8m |
| Research and development | CN¥58.1m | CN¥102.6m | CN¥125.6m | CN¥157.0m | CN¥152.6m | CN¥147.8m | CN¥142.7m | CN¥132.3m | CN¥127.4m | CN¥117.9m |
| Operating income | CN¥18.0m | −CN¥84.9m | CN¥40.4m | CN¥58.7m | CN¥79.5m | CN¥99.0m | CN¥79.4m | CN¥53.0m | CN¥38.4m | CN¥35.3m |
| Net income | −CN¥13.3m | −CN¥81.5m | CN¥36.4m | CN¥52.1m | CN¥63.6m | CN¥68.3m | CN¥55.3m | CN¥38.4m | CN¥36.2m | CN¥34.4m |
| Diluted earnings per share | -0.07 | -0.25 | 0.15 | 0.20 | 0.15 | 0.19 | 0.27 | 0.09 | 0.11 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.36bn | CN¥1.38bn | CN¥1.63bn | CN¥1.35bn | CN¥1.11bn | CN¥1.09bn | CN¥1.06bn | CN¥1.22bn | CN¥789.5m | CN¥726.5m |
| Cash and short-term investments | — | CN¥517.9m | CN¥524.3m | CN¥337.5m | CN¥269.4m | CN¥279.4m | CN¥286.2m | CN¥410.8m | CN¥291.8m | CN¥315.5m |
| Total liabilities | CN¥801.4m | CN¥808.4m | CN¥973.2m | CN¥711.9m | CN¥508.7m | CN¥367.0m | CN¥384.0m | CN¥561.7m | CN¥194.4m | CN¥163.5m |
| Debt | — | CN¥222.7m | CN¥293.8m | CN¥275.8m | CN¥89.2m | CN¥33.0m | CN¥120.7m | CN¥206.5m | CN¥316,901 | CN¥35.9m |
| Shareholders' equity | CN¥550.7m | CN¥564.0m | CN¥649.6m | CN¥628.0m | CN¥592.2m | CN¥678.2m | CN¥655.7m | CN¥637.5m | CN¥595.1m | CN¥563.0m |
| Shares outstanding | 201m | 320m | 242m | 263m | 423m | 353m | 203m | 419m | 329m | 296m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥266.5m | CN¥104.9m | CN¥197.4m | −CN¥27.5m | CN¥59.5m | CN¥170.9m | CN¥83.7m | CN¥23.9m | −CN¥491,617 | −CN¥10.0m |
| Capital spending | −CN¥1.7m | −CN¥2.1m | −CN¥5.7m | −CN¥1.7m | −CN¥5.3m | −CN¥3.6m | −CN¥15.5m | −CN¥24.3m | −CN¥4.2m | −CN¥6.2m |
| Free cash flow | −CN¥268.2m | CN¥102.7m | CN¥191.7m | −CN¥29.1m | CN¥54.2m | CN¥167.3m | CN¥68.2m | −CN¥428,683 | −CN¥4.7m | −CN¥16.2m |
| Dividends paid | −CN¥9.8m | −CN¥18.2m | −CN¥19.4m | −CN¥30.0m | −CN¥27.0m | −CN¥10.3m | −CN¥7.8m | −CN¥13.2m | −CN¥6.5m | −CN¥2.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥310.5m | CN¥157.3m | CN¥420.8m | CN¥192.9m | CN¥335.9m | CN¥124.3m | CN¥676.7m | CN¥251.6m |
| Gross profit | CN¥47.1m | CN¥25.3m | CN¥77.3m | CN¥33.9m | CN¥56.6m | CN¥25.2m | CN¥81.7m | CN¥43.7m |
| Operating income | CN¥9.0m | −CN¥14.1m | CN¥31.3m | −CN¥9.6m | CN¥2.8m | −CN¥5.1m | −CN¥71.0m | −CN¥2.8m |
| Net income | CN¥7.8m | −CN¥17.4m | CN¥9.3m | −CN¥9.7m | −CN¥6.7m | −CN¥6.3m | −CN¥63.7m | −CN¥3.4m |
| Diluted earnings per share | 0.04 | -0.09 | 0.05 | -0.05 | -0.03 | -0.03 | -0.20 | -0.01 |
| Cash from operations | — | — | — | −CN¥88.0m | −CN¥105.0m | −CN¥140.0m | — | −CN¥28.0m |
| Capital spending | — | — | — | −CN¥1.0m | — | — | — | — |
| Free cash flow | — | — | — | −CN¥89.0m | — | — | — | — |
| Total assets | CN¥1.59bn | CN¥1.31bn | CN¥1.36bn | CN¥1.25bn | CN¥1.17bn | CN¥1.25bn | CN¥1.38bn | CN¥1.44bn |
| Cash and short-term investments | — | — | — | CN¥260.2m | CN¥314.2m | CN¥361.1m | CN¥517.9m | CN¥233.7m |
| Debt | — | — | — | CN¥405.7m | CN¥282.6m | CN¥222.7m | CN¥220.3m | CN¥393.4m |
| Shareholders' equity | CN¥541.1m | CN¥533.3m | CN¥550.7m | CN¥541.3m | CN¥551.0m | CN¥557.7m | CN¥564.0m | CN¥627.7m |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 18.0% | 14.4% | 17.5% | 19.6% | 25.9% | 23.3% | — |
| Operating margin | 0.5% | -5.2% | 3.2% | 4.8% | 7.7% | 9.0% | — |
| Net margin | -1.2% | -6.0% | 2.1% | 3.6% | 6.0% | 5.9% | — |
| Return on equity | -2.4% | -14.4% | 5.6% | 8.3% | 10.7% | 10.1% | — |
| Return on assets | -1.0% | -5.9% | 2.2% | 3.9% | 5.7% | 6.3% | — |
| Free cash flow yield | -10.9% | 2.8% | 7.0% | -0.8% | 1.3% | 4.1% | — |
| Revenue growth | -20.4% | -22.2% | 19.2% | 37.1% | -7.7% | 6.0% | — |
| Earnings growth | -83.6% | -324.0% | -30.2% | -18.0% | -6.9% | 23.5% | — |
| Current ratio | 1.41x | 1.40x | 1.34x | 1.52x | 1.85x | 2.00x | — |
| Debt to equity | — | 0.39x | 0.45x | 0.36x | 0.15x | 0.05x | 0.16x |
| Equity ratio | 40.5% | 40.9% | 39.8% | 46.6% | 53.3% | 62.4% | — |
| Interest coverage | 0.53x | -4.73x | 3.67x | 6.48x | 28.66x | 22.17x | — |
| R&D as a share of sales | 5.4% | 7.6% | 7.2% | 10.8% | 14.4% | 12.9% | — |
| Buybacks as a share of market value | 37.2% | -32.3% | 8.1% | 37.8% | -19.8% | -74.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.6% | -1.3% | 10.0% |
| Operating income | -32.6% | -28.9% | -6.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 17.4% | 19.4% | 20.7% |
| Operating margin | -2.8% | 0.6% | 2.7% | 4.0% |
| Net margin | -3.9% | -0.1% | 1.6% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -308.6 | -80.7 | 87.2 | 58.8 | 101.6 | 75.0 | 41.7 | 77.5 | 79.0 | 133.6 |
| Price to sales | 3.8 | 4.9 | 1.8 | 2.1 | 6.1 | 4.5 | 2.1 | 3.6 | 4.7 | 10.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.014 | 0.02 | 0.10 | 0.09 | 0.035 | 0.026 | 0.024 | 0.021 |
- 13-for-10 split · 2 Jun 2020
- 3-for-2 split · 9 May 2019
- 17-for-10 split · 28 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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