X 
10.65
+0.76%
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¥473.7m
FY2016FY2025
Net income
−CN¥8.6m
FY2016FY2025
Free cash flow
−CN¥39.5m
FY2016FY2025
Shareholders' equity
CN¥505.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥473.7m | CN¥277.2m | CN¥616.1m | CN¥516.6m | CN¥276.7m | CN¥224.8m | CN¥229.4m | CN¥236.9m | CN¥232.7m | CN¥240.8m |
| Gross profit | CN¥106.7m | CN¥57.7m | CN¥172.4m | CN¥146.0m | CN¥60.8m | CN¥54.4m | CN¥62.5m | CN¥70.8m | CN¥83.7m | CN¥114.4m |
| Research and development | CN¥23.7m | CN¥25.8m | CN¥30.4m | CN¥26.9m | CN¥16.8m | CN¥16.0m | CN¥23.2m | CN¥21.3m | CN¥20.3m | CN¥17.8m |
| Operating income | CN¥30.1m | −CN¥19.9m | CN¥88.4m | CN¥67.8m | CN¥6.4m | CN¥5.2m | CN¥15.0m | CN¥12.5m | CN¥33.1m | CN¥65.4m |
| Net income | −CN¥8.6m | −CN¥18.3m | CN¥60.3m | CN¥46.5m | CN¥6.9m | CN¥5.5m | CN¥17.2m | CN¥15.6m | CN¥31.5m | CN¥57.4m |
| Diluted earnings per share | -0.04 | -0.12 | 0.33 | 0.26 | 0.05 | 0.03 | 0.09 | 0.07 | 0.21 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥882.6m | CN¥655.2m | CN¥698.0m | CN¥893.5m | CN¥584.9m | CN¥560.3m | CN¥543.6m | CN¥546.9m | CN¥522.3m | CN¥323.6m |
| Cash and short-term investments | — | CN¥172.4m | CN¥247.5m | CN¥247.3m | CN¥231.3m | CN¥234.6m | CN¥232.8m | CN¥161.7m | CN¥239.5m | CN¥71.3m |
| Total liabilities | CN¥399.6m | CN¥128.0m | CN¥157.6m | CN¥334.1m | CN¥97.6m | CN¥80.3m | CN¥67.4m | CN¥78.9m | CN¥69.7m | CN¥113.2m |
| Debt | CN¥3.3m | CN¥28.9m | CN¥39.1m | CN¥55.2m | CN¥3.0m | CN¥10.0m | CN¥16.8m | CN¥35.6m | CN¥20.6m | CN¥40.2m |
| Shareholders' equity | CN¥505.4m | CN¥527.2m | CN¥540.4m | CN¥548.2m | CN¥485.2m | CN¥478.3m | CN¥476.4m | CN¥468.1m | CN¥452.6m | CN¥209.8m |
| Shares outstanding | 193m | 158m | 183m | 177m | 130m | 174m | 197m | 217m | 150m | 138m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥19.7m | −CN¥941,224 | CN¥138.7m | CN¥30.3m | CN¥26.1m | CN¥39.2m | CN¥29.9m | −CN¥6.9m | CN¥43.4m | CN¥33.6m |
| Capital spending | −CN¥59.2m | −CN¥29.1m | −CN¥22.1m | −CN¥15.9m | −CN¥13.6m | −CN¥23.1m | −CN¥19.1m | −CN¥25.3m | −CN¥44.7m | −CN¥21.8m |
| Free cash flow | −CN¥39.5m | −CN¥30.1m | CN¥116.5m | CN¥14.4m | CN¥12.5m | CN¥16.2m | CN¥10.8m | −CN¥32.2m | −CN¥1.4m | CN¥11.8m |
| Dividends paid | −CN¥11.1m | −CN¥19.5m | −CN¥19.7m | −CN¥9.4m | −CN¥9.1m | −CN¥9.5m | −CN¥7.3m | −CN¥8.0m | −CN¥40.0m | −CN¥26.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥169.5m | CN¥142.6m | CN¥123.2m | CN¥155.5m | CN¥115.4m | CN¥79.5m | CN¥98.6m | CN¥83.5m |
| Gross profit | CN¥37.0m | CN¥28.4m | CN¥30.9m | CN¥31.7m | CN¥30.2m | CN¥13.8m | CN¥21.4m | CN¥23.5m |
| Operating income | CN¥16.4m | CN¥9.6m | CN¥14.5m | CN¥882,906 | CN¥23.2m | −CN¥4.5m | −CN¥2.1m | CN¥6.5m |
| Net income | −CN¥12.2m | −CN¥33.6m | −CN¥23.1m | CN¥3.2m | CN¥15.1m | −CN¥3.8m | −CN¥663,183 | CN¥5.5m |
| Diluted earnings per share | -0.06 | -0.17 | -0.12 | 0.02 | 0.08 | -0.02 | -0.00 | 0.03 |
| Cash from operations | — | — | — | CN¥3.0m | −CN¥3.0m | −CN¥2.0m | — | CN¥17.0m |
| Capital spending | −CN¥27.0m | −CN¥26.0m | −CN¥8.0m | −CN¥28.0m | −CN¥15.0m | −CN¥7.0m | −CN¥16.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥25.0m | −CN¥18.0m | −CN¥9.0m | — | CN¥13.0m |
| Total assets | CN¥832.4m | CN¥860.5m | CN¥882.6m | CN¥759.4m | CN¥709.8m | CN¥653.0m | CN¥655.2m | CN¥647.2m |
| Cash and short-term investments | — | — | — | CN¥87.1m | CN¥106.3m | CN¥144.5m | CN¥172.4m | CN¥203.6m |
| Debt | CN¥76.0m | CN¥52.5m | CN¥3.3m | CN¥42.5m | CN¥20.5m | CN¥12.5m | CN¥2.6m | CN¥20.0m |
| Shareholders' equity | CN¥450.0m | CN¥471.2m | CN¥505.4m | CN¥532.7m | CN¥529.1m | CN¥524.5m | CN¥527.2m | CN¥519.9m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.5% | 20.8% | 28.0% | 28.3% | 22.0% | 24.2% |
| Operating margin | -4.7% | -6.0% | 14.8% | 13.4% | 3.3% | 3.1% |
| Net margin | -1.8% | -6.6% | 9.8% | 9.0% | 2.5% | 2.5% |
| Return on equity | -1.7% | -3.5% | 11.2% | 8.5% | 1.4% | 1.2% |
| Return on assets | -1.0% | -2.8% | 8.6% | 5.2% | 1.2% | 1.0% |
| Free cash flow yield | 3.7% | 1.6% | 7.9% | 2.3% | 2.8% | 3.2% |
| Revenue growth | 70.9% | -55.0% | 19.3% | 86.7% | 23.1% | -2.0% |
| Earnings growth | -52.8% | -130.4% | 29.8% | 571.0% | 25.5% | -67.9% |
| Current ratio | 1.56x | 4.29x | 4.22x | 2.38x | 4.57x | 5.51x |
| Debt to equity | 0.01x | 0.00x | 0.04x | 0.02x | 0.03x | 0.02x |
| Equity ratio | 57.3% | 80.5% | 77.4% | 61.4% | 83.0% | 85.4% |
| Interest coverage | -12.94x | -7.33x | 31.26x | 34.33x | 16.25x | 9.41x |
| R&D as a share of sales | 5.0% | 9.3% | 4.9% | 5.2% | 6.1% | 7.1% |
| Buybacks as a share of market value | -22.5% | 14.0% | -3.5% | -36.9% | 25.7% | 11.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.8% | 16.1% | 8.6% |
| Operating income | -23.7% | 42.3% | -6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.9% | 25.6% | 25.1% | 29.0% |
| Operating margin | 1.4% | 8.8% | 7.5% | 10.3% |
| Net margin | -3.6% | 4.2% | 3.9% | 7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -297.0 | -98.9 | 48.1 | 42.9 | 227.7 | 421.1 | 231.4 | 186.2 | 64.9 |
| Price to sales | 5.4 | 6.5 | 4.7 | 3.9 | 5.7 | 10.3 | 17.3 | 12.2 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 | 0.10 | 0.05 | 0.05 | 0.05 | 0.038 |
- 13-for-10 split · 14 Jun 2019
- 9-for-5 split · 6 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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