W 
20.09
-0.69%
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¥307.2m
FY2016FY2025
Net income
−CN¥83.5m
FY2016FY2025
Free cash flow
−CN¥18.6m
FY2016FY2025
Shareholders' equity
CN¥938.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥307.2m | CN¥363.3m | CN¥376.2m | CN¥361.1m | CN¥388.5m | CN¥218.8m | CN¥324.8m | CN¥249.2m | CN¥203.1m | CN¥173.0m |
| Research and development | CN¥52.0m | CN¥43.7m | CN¥61.6m | CN¥59.1m | CN¥47.1m | CN¥42.3m | CN¥47.6m | CN¥36.9m | CN¥26.7m | CN¥21.2m |
| Operating income | −CN¥50.9m | −CN¥25.7m | −CN¥26.9m | −CN¥47.8m | CN¥42.5m | −CN¥18.9m | CN¥66.2m | CN¥68.5m | CN¥66.0m | CN¥41.5m |
| Net income | −CN¥83.5m | −CN¥23.9m | −CN¥34.0m | −CN¥37.7m | CN¥35.5m | −CN¥8.1m | CN¥68.5m | CN¥65.5m | CN¥59.1m | CN¥48.3m |
| Diluted earnings per share | -0.70 | -0.20 | -0.28 | -0.31 | 0.29 | -0.06 | 0.68 | 0.63 | 0.73 | 0.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.30bn | CN¥1.30bn | CN¥1.39bn | CN¥1.26bn | CN¥1.35bn | CN¥1.24bn | CN¥738.2m | CN¥610.5m | CN¥547.3m | CN¥296.0m |
| Cash and short-term investments | — | CN¥275.3m | CN¥336.9m | CN¥396.3m | CN¥489.1m | CN¥523.1m | CN¥132.9m | CN¥227.9m | CN¥206.2m | CN¥139.1m |
| Total liabilities | CN¥318.1m | CN¥214.6m | CN¥240.9m | CN¥173.3m | CN¥204.2m | CN¥113.3m | CN¥129.6m | CN¥83.0m | CN¥75.2m | CN¥40.5m |
| Debt | — | CN¥32.8m | CN¥47.8m | CN¥32.0m | CN¥31.8m | CN¥5.0m | CN¥9.9m | CN¥19.9m | CN¥20.6m | — |
| Shareholders' equity | CN¥938.0m | CN¥1.03bn | CN¥1.09bn | CN¥1.05bn | CN¥1.11bn | CN¥1.12bn | CN¥589.5m | CN¥526.5m | CN¥472.2m | CN¥255.6m |
| Shares outstanding | 120m | 120m | 122m | 122m | 124m | 127m | 101m | 105m | 81m | 75m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥20.6m | CN¥40.7m | CN¥56.8m | −CN¥1.3m | CN¥56.1m | CN¥10.5m | CN¥67.9m | CN¥21.5m | CN¥50.2m | CN¥49.2m |
| Capital spending | −CN¥39.1m | −CN¥35.3m | −CN¥145.3m | −CN¥49.2m | −CN¥51.2m | −CN¥238.0m | −CN¥94.7m | −CN¥77.9m | −CN¥2.4m | −CN¥1.8m |
| Free cash flow | −CN¥18.6m | CN¥5.4m | −CN¥88.6m | −CN¥50.4m | CN¥4.9m | −CN¥227.6m | −CN¥26.8m | −CN¥56.5m | CN¥47.8m | CN¥47.4m |
| Dividends paid | −CN¥1.1m | −CN¥24.9m | −CN¥8.4m | −CN¥29.3m | −CN¥319,228 | −CN¥30.4m | −CN¥24.9m | −CN¥25.2m | −CN¥20.0m | −CN¥20.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥70.8m | CN¥67.6m | CN¥118.2m | CN¥80.8m | CN¥74.0m | CN¥52.4m | CN¥173.6m | CN¥66.1m |
| Operating income | −CN¥28.4m | −CN¥27.6m | −CN¥7.2m | −CN¥20.4m | −CN¥16.3m | −CN¥5.8m | CN¥40.0m | −CN¥14.9m |
| Net income | −CN¥57.3m | −CN¥20.2m | −CN¥47.7m | −CN¥18.3m | −CN¥14.8m | −CN¥2.6m | CN¥14.9m | −CN¥6.1m |
| Diluted earnings per share | -0.48 | -0.17 | -0.40 | -0.15 | -0.12 | -0.02 | 0.12 | -0.05 |
| Cash from operations | — | — | — | −CN¥10.0m | −CN¥5.0m | −CN¥20.0m | — | CN¥18.0m |
| Capital spending | −CN¥13.0m | −CN¥6.0m | −CN¥29.0m | −CN¥1.0m | −CN¥2.0m | −CN¥6.0m | −CN¥6.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥11.0m | −CN¥7.0m | −CN¥26.0m | — | CN¥14.0m |
| Total assets | CN¥1.15bn | CN¥1.25bn | CN¥1.30bn | CN¥1.27bn | CN¥1.29bn | CN¥1.32bn | CN¥1.30bn | CN¥1.27bn |
| Cash and short-term investments | — | — | — | CN¥226.6m | CN¥246.3m | CN¥253.3m | CN¥275.3m | CN¥229.2m |
| Debt | CN¥10.1m | CN¥5.0m | — | CN¥45.8m | CN¥49.2m | CN¥55.2m | CN¥10.4m | CN¥10.4m |
| Shareholders' equity | CN¥859.7m | CN¥917.6m | CN¥938.0m | CN¥996.6m | CN¥1.01bn | CN¥1.03bn | CN¥1.03bn | CN¥1.04bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -33.3% | -6.2% | -6.6% | -12.7% | 11.7% | -5.2% | — |
| Net margin | -27.2% | -6.6% | -9.0% | -10.4% | 9.1% | -3.7% | — |
| Return on equity | -8.9% | -2.3% | -3.1% | -3.6% | 3.2% | -0.7% | — |
| Return on assets | -6.4% | -1.8% | -2.4% | -3.0% | 2.6% | -0.7% | — |
| Free cash flow yield | 2.3% | 3.0% | 7.8% | 1.8% | 4.1% | 9.2% | — |
| Revenue growth | -15.5% | -3.4% | 4.2% | -7.0% | 77.6% | -32.7% | — |
| Earnings growth | 249.8% | -29.9% | -9.7% | -206.0% | -537.2% | -111.9% | — |
| Current ratio | 2.07x | 3.22x | 2.76x | 4.30x | 4.19x | 6.95x | — |
| Debt to equity | — | 0.01x | 0.03x | 0.02x | 0.01x | 0.00x | 0.02x |
| Equity ratio | 71.9% | 78.9% | 78.3% | 83.3% | 82.2% | 90.5% | — |
| Interest coverage | -52.31x | -9.46x | -11.03x | -38.59x | 26.89x | -11.35x | — |
| R&D as a share of sales | 16.9% | 12.0% | 16.4% | 16.4% | 12.1% | 19.3% | — |
| Buybacks as a share of market value | 0.0% | 1.5% | 0.3% | 1.5% | 2.1% | -25.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.3% | 7.0% | 8.6% |
| Operating income | 2.1% | 21.9% | — |
| Net income | 30.4% | 59.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.4% | -10.7% | -6.3% | 4.7% |
| Net margin | -16.0% | -12.7% | -7.5% | 4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -55.5 | -124.0 | -97.8 | -50.3 | 60.9 | -271.6 | 54.7 | 43.3 | 49.6 |
| Price to sales | 15.1 | 8.1 | 8.8 | 5.2 | 5.6 | 10.1 | 11.5 | 11.4 | 14.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jun 2024.
| FY2024 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.25 | 0.25 | 0.25 | 0.25 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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