F 
27.60
+0.25%
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¥954.9m
FY2016FY2025
Net income
−CN¥220.0m
FY2016FY2025
Free cash flow
CN¥56.3m
FY2016FY2025
Shareholders' equity
CN¥1.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥954.9m | CN¥1.09bn | CN¥906.7m | CN¥1.28bn | CN¥810.7m | CN¥574.9m | CN¥365.6m | CN¥302.8m | CN¥308.6m | CN¥226.6m |
| Gross profit | CN¥317.2m | CN¥324.0m | CN¥207.7m | CN¥332.4m | CN¥346.0m | CN¥251.4m | CN¥151.5m | CN¥135.3m | CN¥154.7m | CN¥109.3m |
| Research and development | CN¥156.8m | CN¥157.6m | CN¥189.2m | CN¥172.6m | CN¥138.4m | CN¥82.0m | CN¥58.2m | CN¥52.6m | CN¥41.2m | CN¥24.6m |
| Operating income | −CN¥44.8m | −CN¥46.9m | −CN¥203.1m | −CN¥25.1m | CN¥94.4m | CN¥62.2m | −CN¥454,309 | CN¥19.2m | CN¥69.2m | CN¥42.7m |
| Net income | −CN¥220.0m | −CN¥82.4m | −CN¥192.9m | CN¥9.1m | CN¥76.0m | CN¥57.0m | CN¥3.5m | CN¥20.5m | CN¥62.6m | CN¥50.8m |
| Diluted earnings per share | -1.26 | -0.56 | -1.30 | 0.06 | 0.51 | 0.42 | 0.03 | 0.15 | 0.39 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.72bn | CN¥2.10bn | CN¥2.45bn | CN¥2.54bn | CN¥1.99bn | CN¥1.21bn | CN¥921.1m | CN¥704.0m | CN¥648.7m | CN¥391.0m |
| Cash and short-term investments | — | CN¥133.1m | CN¥229.6m | CN¥317.9m | CN¥415.9m | CN¥197.5m | CN¥75.1m | CN¥140.6m | CN¥149.5m | CN¥53.3m |
| Total liabilities | CN¥1.54bn | CN¥1.33bn | CN¥1.59bn | CN¥1.48bn | CN¥918.6m | CN¥618.2m | CN¥384.7m | CN¥171.9m | CN¥131.8m | CN¥167.8m |
| Debt | CN¥145.3m | CN¥725.1m | CN¥877.6m | CN¥603.4m | CN¥287.6m | CN¥259.7m | CN¥131.8m | CN¥78.5m | CN¥36.9m | CN¥7.9m |
| Shareholders' equity | CN¥1.18bn | CN¥769.3m | CN¥860.5m | CN¥1.06bn | CN¥1.05bn | CN¥587.5m | CN¥531.9m | CN¥530.4m | CN¥516.6m | CN¥222.5m |
| Shares outstanding | 174m | 148m | 148m | 158m | 148m | 135m | 135m | 135m | 160m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥155.4m | CN¥139.8m | −CN¥37.8m | −CN¥236.7m | −CN¥28.0m | CN¥57.9m | −CN¥83.1m | −CN¥19.8m | −CN¥20.9m | CN¥36.9m |
| Capital spending | −CN¥99.1m | −CN¥34.6m | −CN¥287.7m | −CN¥105.2m | −CN¥93.9m | −CN¥95.1m | −CN¥107.2m | −CN¥18.7m | −CN¥62.9m | −CN¥31.6m |
| Free cash flow | CN¥56.3m | CN¥105.2m | −CN¥325.5m | −CN¥341.9m | −CN¥122.0m | −CN¥37.2m | −CN¥190.3m | −CN¥38.5m | −CN¥83.7m | CN¥5.3m |
| Dividends paid | −CN¥21.8m | −CN¥27.4m | −CN¥25.6m | −CN¥8.1m | −CN¥5.9m | −CN¥1.4m | −CN¥2.0m | −CN¥6.8m | −CN¥5.1m | −CN¥5.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥450.5m | CN¥239.6m | CN¥103.6m | CN¥292.7m | CN¥328.4m | CN¥228.5m | CN¥289.6m | CN¥240.1m |
| Gross profit | CN¥138.4m | CN¥82.0m | CN¥39.6m | CN¥89.9m | CN¥80.2m | CN¥86.2m | CN¥46.8m | CN¥119.2m |
| Operating income | CN¥26.2m | CN¥5.0m | −CN¥78.8m | −CN¥16.2m | −CN¥4.4m | −CN¥3.4m | −CN¥63.2m | CN¥1.8m |
| Net income | CN¥34.3m | −CN¥16.0m | −CN¥185.0m | −CN¥26.1m | −CN¥4.8m | −CN¥4.0m | −CN¥35.1m | −CN¥6.8m |
| Diluted earnings per share | 0.20 | -0.09 | -1.06 | -0.15 | -0.03 | -0.02 | -0.24 | -0.05 |
| Cash from operations | — | — | — | CN¥6.0m | CN¥38.0m | CN¥48.0m | — | CN¥38.0m |
| Capital spending | −CN¥3.0m | −CN¥47.0m | −CN¥42.0m | −CN¥16.0m | −CN¥28.0m | −CN¥11.0m | −CN¥22.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥10.0m | CN¥10.0m | CN¥37.0m | — | CN¥33.0m |
| Total assets | CN¥2.93bn | CN¥2.76bn | CN¥2.72bn | CN¥2.70bn | CN¥2.73bn | CN¥2.11bn | CN¥2.10bn | CN¥2.19bn |
| Cash and short-term investments | — | — | — | CN¥587.2m | CN¥664.6m | CN¥159.3m | CN¥133.1m | CN¥158.3m |
| Debt | CN¥225.8m | CN¥228.7m | CN¥145.3m | CN¥670.0m | CN¥696.9m | CN¥744.5m | CN¥681.7m | CN¥737.6m |
| Shareholders' equity | CN¥1.19bn | CN¥1.16bn | CN¥1.18bn | CN¥1.36bn | CN¥1.39bn | CN¥765.4m | CN¥769.3m | CN¥816.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | 10.7% | 21.1% |
| Operating income | 21.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.3% | 27.9% | 31.7% | 34.5% |
| Operating margin | -4.5% | -7.6% | -2.9% | -0.1% |
| Net margin | -14.8% | -11.5% | -6.3% | -2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -40.9 | -41.2 | -20.4 | — | 117.0 | 105.5 | — | 108.2 | 86.4 |
| Price to sales | 9.4 | 3.1 | 4.3 | 4.6 | 11.0 | 10.5 | 5.9 | 7.3 | 17.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.055 | 0.04 | 0.01 | 0.015 | 0.05 |
- 2-for-1 split · 23 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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