J 
12.35
+0.08%
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¥702.7m
FY2016FY2025
Net income
−CN¥131.3m
FY2016FY2025
Free cash flow
−CN¥189.1m
FY2016FY2025
Shareholders' equity
CN¥691.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥702.7m | CN¥1.73bn | CN¥1.19bn | CN¥680.5m | CN¥690.7m | CN¥613.0m | CN¥550.7m | CN¥469.4m | CN¥423.0m | CN¥415.5m |
| Gross profit | CN¥72.8m | CN¥137.9m | CN¥154.7m | CN¥112.4m | CN¥138.7m | CN¥105.8m | CN¥104.0m | CN¥93.9m | CN¥97.3m | CN¥88.2m |
| Research and development | CN¥49.0m | CN¥54.7m | CN¥59.6m | CN¥45.0m | CN¥40.8m | CN¥32.4m | CN¥20.7m | CN¥30.1m | CN¥8.1m | CN¥23.7m |
| Operating income | −CN¥97.3m | CN¥12.3m | CN¥40.0m | CN¥8.3m | CN¥42.2m | CN¥40.4m | CN¥39.7m | CN¥37.3m | CN¥43.0m | CN¥37.2m |
| Net income | −CN¥131.3m | CN¥11.2m | CN¥44.1m | CN¥13.1m | CN¥41.2m | CN¥34.9m | CN¥34.0m | CN¥31.1m | CN¥35.0m | CN¥36.8m |
| Diluted earnings per share | -0.35 | 0.03 | 0.12 | 0.34 | 0.12 | 0.10 | 0.10 | 0.09 | 0.09 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.01bn | CN¥2.12bn | CN¥2.39bn | CN¥1.55bn | CN¥1.45bn | CN¥986.9m | CN¥812.9m | CN¥921.7m | CN¥691.3m | CN¥511.1m |
| Cash and short-term investments | — | CN¥311.3m | CN¥727.7m | CN¥437.6m | CN¥588.7m | CN¥230.5m | CN¥196.5m | CN¥252.3m | CN¥121.2m | CN¥126.1m |
| Total liabilities | CN¥1.32bn | CN¥1.30bn | CN¥1.51bn | CN¥760.8m | CN¥669.6m | CN¥615.8m | CN¥449.3m | CN¥583.6m | CN¥381.0m | CN¥341.5m |
| Debt | CN¥82.0m | CN¥78.4m | CN¥31.0m | CN¥2.6m | CN¥135.5m | CN¥147.6m | CN¥111.9m | CN¥115.7m | CN¥102.3m | CN¥87.9m |
| Shareholders' equity | CN¥691.8m | CN¥825.0m | CN¥818.6m | CN¥766.1m | CN¥778.8m | CN¥371.1m | CN¥363.6m | CN¥338.1m | CN¥310.3m | CN¥169.6m |
| Shares outstanding | 378m | 376m | 379m | 39m | 356m | 344m | 343m | 346m | 388m | 258m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥176.8m | −CN¥340.8m | CN¥452.2m | CN¥143.2m | CN¥100.9m | CN¥30.3m | −CN¥17.8m | CN¥174.3m | −CN¥56.3m | CN¥18.2m |
| Capital spending | −CN¥12.3m | −CN¥61.3m | −CN¥185.8m | −CN¥113.1m | −CN¥52.4m | −CN¥39.7m | −CN¥41.4m | −CN¥48.9m | −CN¥56.6m | −CN¥4.7m |
| Free cash flow | −CN¥189.1m | −CN¥402.1m | CN¥266.4m | CN¥30.1m | CN¥48.5m | −CN¥9.4m | −CN¥59.2m | CN¥125.5m | −CN¥112.8m | CN¥13.6m |
| Dividends paid | −CN¥8.9m | −CN¥11.8m | −CN¥435,226 | −CN¥6.7m | −CN¥5.1m | −CN¥5.6m | −CN¥7.1m | −CN¥8.2m | −CN¥7.3m | −CN¥4.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥347.9m | CN¥157.3m | CN¥193.8m | CN¥160.9m | CN¥198.2m | CN¥149.8m | CN¥487.5m | CN¥475.1m |
| Gross profit | CN¥19.0m | CN¥28.9m | −CN¥26.2m | CN¥9.1m | CN¥21.1m | CN¥17.2m | CN¥20.3m | CN¥31.9m |
| Operating income | −CN¥9.4m | CN¥5.3m | −CN¥62.3m | −CN¥27.3m | −CN¥9.1m | −CN¥4.5m | −CN¥12.2m | CN¥2.4m |
| Net income | −CN¥18.9m | CN¥3.2m | −CN¥94.5m | −CN¥23.1m | −CN¥11.1m | −CN¥2.6m | −CN¥13.0m | CN¥3.6m |
| Diluted earnings per share | -0.05 | 0.01 | -0.25 | -0.06 | -0.03 | -0.01 | -0.03 | 0.01 |
| Cash from operations | — | — | — | CN¥197.0m | −CN¥219.0m | −CN¥161.0m | — | −CN¥83.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | −CN¥3.0m | −CN¥3.0m | — | −CN¥4.0m | −CN¥24.0m | −CN¥13.0m |
| Free cash flow | — | — | — | CN¥194.0m | — | −CN¥165.0m | — | −CN¥96.0m |
| Total assets | CN¥1.92bn | CN¥1.92bn | CN¥2.01bn | CN¥2.11bn | CN¥2.19bn | CN¥2.13bn | CN¥2.12bn | CN¥2.02bn |
| Cash and short-term investments | — | — | — | CN¥308.2m | CN¥158.7m | CN¥191.4m | CN¥311.3m | CN¥117.1m |
| Debt | CN¥95.5m | CN¥100.5m | CN¥82.0m | CN¥385.2m | CN¥293.4m | CN¥156.2m | CN¥78.4m | CN¥84.1m |
| Shareholders' equity | CN¥676.0m | CN¥694.8m | CN¥691.8m | CN¥786.3m | CN¥809.4m | CN¥823.5m | CN¥825.0m | CN¥836.9m |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.0% | 8.0% | 13.0% | 16.5% | 20.1% | 17.3% |
| Operating margin | -21.5% | 0.4% | 3.9% | 1.2% | 6.7% | 7.0% |
| Net margin | -18.7% | 0.7% | 3.7% | 1.9% | 6.0% | 5.7% |
| Return on equity | -19.0% | 1.4% | 5.4% | 1.7% | 5.3% | 9.4% |
| Return on assets | -6.5% | 0.5% | 1.8% | 0.8% | 2.8% | 3.5% |
| Free cash flow yield | -3.2% | -5.5% | 12.4% | 48.9% | 3.2% | 1.5% |
| Revenue growth | -59.4% | 45.7% | 74.4% | -1.5% | 12.7% | 11.3% |
| Earnings growth | -1267.6% | -74.5% | 236.4% | -68.2% | 18.1% | 2.4% |
| Current ratio | 1.05x | 1.07x | 1.04x | 1.29x | 1.56x | 1.02x |
| Debt to equity | 0.12x | 0.09x | 0.04x | 0.00x | 0.17x | 0.40x |
| Equity ratio | 34.4% | 38.9% | 34.2% | 49.4% | 53.8% | 37.6% |
| Interest coverage | -32.44x | 7.95x | 31.12x | 4.56x | 9.05x | 5.79x |
| R&D as a share of sales | 7.0% | 3.2% | 5.0% | 6.6% | 5.9% | 5.3% |
| Buybacks as a share of market value | -0.4% | 0.6% | -879.7% | 89.1% | -3.4% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.1% | 2.8% | 6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.7% | 11.1% | 12.9% | 15.2% |
| Operating margin | -3.5% | -0.9% | 0.8% | 2.9% |
| Net margin | -4.9% | -1.5% | 0.2% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -51.9 | 416.4 | 119.2 | 30.6 | 120.3 | 190.7 | 76.2 | 72.0 | 89.4 |
| Price to sales | 9.7 | 2.7 | 4.4 | 0.6 | 7.2 | 10.8 | 4.7 | 4.8 | 7.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 3 Jul 2025.
| FY2025 | FY2024 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.03 | 0.03 | 0.021 | 0.01 | 0.008 |
- 17-for-10 split · 5 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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