13.39
+0.60%
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¥781.4m
FY2016FY2025
Net income
−CN¥15.1m
FY2016FY2025
Free cash flow
CN¥140.9m
FY2016FY2025
Shareholders' equity
CN¥774.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥781.4m | CN¥881.0m | CN¥902.2m | CN¥770.7m | CN¥675.8m | CN¥583.8m | CN¥525.7m | CN¥473.6m | CN¥412.0m | CN¥302.3m |
| Gross profit | CN¥212.0m | CN¥172.4m | CN¥206.4m | CN¥154.0m | CN¥175.6m | CN¥216.5m | CN¥190.4m | CN¥178.4m | CN¥166.7m | CN¥117.6m |
| Research and development | CN¥52.0m | CN¥61.2m | CN¥58.0m | CN¥59.9m | CN¥57.9m | CN¥46.7m | CN¥31.5m | CN¥30.0m | CN¥28.1m | CN¥21.0m |
| Operating income | CN¥37.8m | −CN¥93.4m | −CN¥18.8m | −CN¥76.6m | CN¥3.6m | CN¥94.6m | CN¥88.5m | CN¥93.6m | CN¥74.2m | CN¥53.1m |
| Net income | −CN¥15.1m | −CN¥76.4m | −CN¥3.2m | −CN¥58.0m | CN¥5.5m | CN¥86.9m | CN¥81.7m | CN¥76.3m | CN¥62.1m | CN¥43.6m |
| Diluted earnings per share | -0.12 | -0.83 | -0.03 | -0.63 | 0.06 | 0.97 | 0.91 | 1.14 | 0.94 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.76bn | CN¥2.03bn | CN¥1.83bn | CN¥1.74bn | CN¥1.42bn | CN¥1.25bn | CN¥1.13bn | CN¥620.5m | CN¥545.9m | CN¥368.0m |
| Cash and short-term investments | — | CN¥172.6m | CN¥137.8m | CN¥185.7m | CN¥356.6m | CN¥341.4m | CN¥412.9m | CN¥123.8m | CN¥65.1m | CN¥15.1m |
| Total liabilities | CN¥995.0m | CN¥1.19bn | CN¥907.4m | CN¥837.3m | CN¥488.5m | CN¥358.4m | CN¥310.0m | CN¥263.1m | CN¥264.6m | CN¥207.5m |
| Debt | CN¥13.3m | CN¥380.3m | CN¥352.7m | CN¥338.8m | CN¥131.3m | CN¥79.1m | CN¥78.0m | CN¥48.0m | CN¥47.0m | CN¥46.7m |
| Shareholders' equity | CN¥774.7m | CN¥839.8m | CN¥924.8m | CN¥898.3m | CN¥935.7m | CN¥895.2m | CN¥815.6m | CN¥357.4m | CN¥281.1m | CN¥160.5m |
| Shares outstanding | 122m | 92m | 103m | 92m | 90m | 90m | 90m | 67m | 66m | 60m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥170.2m | −CN¥101.7m | −CN¥76.5m | −CN¥299.1m | CN¥43.9m | CN¥25.1m | −CN¥101.9m | CN¥67.1m | CN¥11.2m | −CN¥34.0m |
| Capital spending | −CN¥29.3m | −CN¥5.8m | −CN¥19.6m | −CN¥62.9m | −CN¥75.7m | −CN¥96.7m | −CN¥21.6m | −CN¥11.2m | −CN¥8.2m | −CN¥7.6m |
| Free cash flow | CN¥140.9m | −CN¥107.5m | −CN¥96.1m | −CN¥362.0m | −CN¥31.8m | −CN¥71.6m | −CN¥123.5m | CN¥55.8m | CN¥3.0m | −CN¥41.6m |
| Dividends paid | −CN¥13.3m | −CN¥22.3m | −CN¥12.5m | −CN¥9.6m | −CN¥18.0m | −CN¥13.3m | −CN¥13.3m | −CN¥3.1m | −CN¥1.5m | −CN¥3.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥197.4m | CN¥123.5m | CN¥245.6m | CN¥195.7m | CN¥237.4m | CN¥102.8m | CN¥297.7m | CN¥201.5m |
| Gross profit | CN¥35.6m | CN¥33.2m | CN¥79.9m | CN¥45.3m | CN¥54.6m | CN¥32.2m | CN¥34.7m | CN¥46.7m |
| Operating income | −CN¥8.9m | −CN¥5.2m | CN¥28.1m | −CN¥15.6m | CN¥14.4m | −CN¥12.1m | −CN¥37.8m | −CN¥28.0m |
| Net income | −CN¥32.4m | −CN¥12.1m | −CN¥1.6m | −CN¥15.0m | CN¥14.8m | −CN¥13.3m | −CN¥33.1m | −CN¥21.5m |
| Diluted earnings per share | -0.27 | -0.10 | -0.01 | -0.12 | 0.12 | -0.11 | -0.36 | -0.23 |
| Cash from operations | — | — | — | CN¥65.0m | CN¥14.0m | −CN¥56.0m | — | −CN¥140.0m |
| Capital spending | — | −CN¥2.0m | −CN¥3.0m | −CN¥1.0m | −CN¥16.0m | −CN¥7.0m | −CN¥1.0m | −CN¥2.0m |
| Free cash flow | — | — | — | CN¥64.0m | −CN¥2.0m | −CN¥63.0m | — | −CN¥142.0m |
| Total assets | CN¥1.59bn | CN¥1.69bn | CN¥1.76bn | CN¥1.92bn | CN¥1.98bn | CN¥2.00bn | CN¥2.03bn | CN¥1.94bn |
| Cash and short-term investments | — | — | — | CN¥152.2m | CN¥172.1m | CN¥55.8m | CN¥172.6m | CN¥41.4m |
| Debt | CN¥12.1m | CN¥10.8m | CN¥13.3m | CN¥417.3m | CN¥444.7m | CN¥412.4m | CN¥375.2m | CN¥356.2m |
| Shareholders' equity | CN¥731.5m | CN¥763.7m | CN¥774.7m | CN¥826.2m | CN¥841.1m | CN¥827.1m | CN¥839.8m | CN¥870.0m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.1% | 19.6% | 22.9% | 20.0% | 26.0% | 37.1% |
| Operating margin | 0.2% | -8.4% | -0.7% | -8.1% | 1.3% | 17.5% |
| Net margin | -1.9% | -8.7% | -0.4% | -7.5% | 0.8% | 14.9% |
| Return on equity | -1.9% | -9.1% | -0.3% | -6.5% | 0.6% | 9.7% |
| Return on assets | -0.9% | -3.8% | -0.2% | -3.3% | 0.4% | 6.9% |
| Free cash flow yield | 12.2% | -7.8% | -4.2% | -19.3% | 10.0% | 10.2% |
| Revenue growth | -11.3% | -2.4% | 17.1% | 14.0% | 15.8% | 11.1% |
| Earnings growth | -80.3% | 2309.3% | -94.5% | -1150.4% | -93.6% | 6.3% |
| Current ratio | 1.49x | 1.49x | 1.70x | 1.72x | 2.48x | 3.13x |
| Debt to equity | 0.02x | 0.45x | 0.38x | 0.37x | 0.14x | 0.07x |
| Equity ratio | 43.9% | 41.4% | 50.5% | 51.7% | 65.7% | 71.4% |
| Interest coverage | 0.07x | -3.76x | -0.56x | -5.22x | 1.74x | 21.73x |
| R&D as a share of sales | 6.7% | 7.0% | 6.4% | 7.8% | 8.6% | 8.0% |
| Buybacks as a share of market value | -33.1% | 10.7% | -12.0% | -2.6% | -0.0% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.5% | 6.0% | 16.9% |
| Operating income | — | -16.8% | 9.2% |
| Net income | -36.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.1% | 22.3% | 24.7% | 28.6% |
| Operating margin | -3.3% | -4.5% | -1.1% | 4.2% |
| Net margin | -5.5% | -4.6% | -1.3% | 3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -159.3 | -20.6 | -677.8 | -27.3 | 307.7 | 24.4 | 39.3 |
| Price to sales | 3.1 | 1.8 | 2.4 | 2.0 | 2.5 | 3.6 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jul 2024.
| FY2024 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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