B 
14.01
-1.06%
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¥759.2m
FY2016FY2025
Net income
−CN¥109.9m
FY2016FY2025
Free cash flow
CN¥33.5m
FY2016FY2025
Shareholders' equity
CN¥1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥759.2m | CN¥768.0m | CN¥893.8m | CN¥718.3m | CN¥845.5m | CN¥770.6m | CN¥365.3m | CN¥210.4m | CN¥173.3m | CN¥131.2m |
| Gross profit | CN¥255.0m | CN¥234.5m | CN¥299.4m | CN¥239.6m | CN¥306.7m | CN¥260.8m | CN¥111.3m | CN¥105.5m | CN¥94.9m | CN¥68.3m |
| Research and development | CN¥71.1m | CN¥86.6m | CN¥85.8m | CN¥83.0m | CN¥74.4m | CN¥70.3m | CN¥30.1m | CN¥22.5m | CN¥21.2m | CN¥15.0m |
| Operating income | CN¥12.9m | −CN¥128.8m | CN¥43.6m | CN¥8.8m | CN¥85.0m | CN¥55.6m | CN¥29.7m | CN¥52.2m | CN¥47.8m | CN¥37.4m |
| Net income | −CN¥109.9m | −CN¥142.0m | CN¥36.3m | CN¥4.1m | CN¥75.6m | CN¥50.6m | CN¥33.3m | CN¥47.3m | CN¥42.9m | CN¥32.3m |
| Diluted earnings per share | -0.51 | -0.71 | 0.15 | 0.02 | 0.41 | 0.15 | 0.31 | 0.31 | 0.29 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.36bn | CN¥1.47bn | CN¥1.61bn | CN¥1.67bn | CN¥1.67bn | CN¥1.56bn | CN¥1.43bn | CN¥506.8m | CN¥459.2m | CN¥229.6m |
| Cash and short-term investments | — | CN¥386.2m | CN¥400.8m | CN¥398.4m | CN¥352.6m | CN¥351.1m | CN¥261.9m | CN¥118.9m | CN¥73.5m | CN¥51.4m |
| Total liabilities | CN¥323.3m | CN¥325.8m | CN¥323.1m | CN¥429.9m | CN¥416.6m | CN¥411.4m | CN¥571.4m | CN¥106.3m | CN¥99.9m | CN¥68.0m |
| Debt | — | CN¥17.2m | CN¥32.3m | CN¥74.7m | CN¥78.2m | CN¥112.9m | CN¥92.4m | CN¥59.7m | CN¥56.0m | CN¥28.8m |
| Shareholders' equity | CN¥1.03bn | CN¥1.14bn | CN¥1.28bn | CN¥1.23bn | CN¥1.24bn | CN¥1.14bn | CN¥846.3m | CN¥400.5m | CN¥359.3m | CN¥161.6m |
| Shares outstanding | 214m | 201m | 249m | 232m | 186m | 327m | 106m | 151m | 150m | 129m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥72.1m | CN¥74.8m | CN¥96.3m | CN¥101.9m | CN¥99.9m | CN¥73.1m | CN¥58.2m | CN¥9.2m | CN¥9.9m | CN¥24.9m |
| Capital spending | −CN¥38.6m | −CN¥21.2m | −CN¥15.9m | −CN¥9.2m | −CN¥41.0m | −CN¥32.6m | −CN¥58.3m | −CN¥51.9m | −CN¥23.0m | −CN¥9.0m |
| Free cash flow | CN¥33.5m | CN¥53.7m | CN¥80.4m | CN¥92.7m | CN¥58.9m | CN¥40.5m | −CN¥135,841 | −CN¥42.7m | −CN¥13.2m | CN¥15.8m |
| Dividends paid | — | −CN¥20.4m | −CN¥20.1m | −CN¥43.1m | −CN¥21.6m | −CN¥18.4m | −CN¥6.1m | −CN¥7.8m | −CN¥1.2m | −CN¥1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥218.6m | CN¥118.6m | CN¥288.4m | CN¥159.5m | CN¥197.5m | CN¥113.9m | CN¥249.4m | CN¥164.9m |
| Gross profit | CN¥74.8m | CN¥41.4m | CN¥94.7m | CN¥55.0m | CN¥66.5m | CN¥38.8m | CN¥61.3m | CN¥53.3m |
| Operating income | CN¥13.4m | −CN¥8.2m | CN¥17.9m | −CN¥638,997 | CN¥6.3m | −CN¥14.9m | −CN¥128.0m | −CN¥7.4m |
| Net income | CN¥8.2m | −CN¥1.2m | −CN¥97.9m | −CN¥2.0m | CN¥4.7m | −CN¥14.7m | −CN¥138.2m | −CN¥6.3m |
| Diluted earnings per share | 0.04 | -0.01 | -0.46 | -0.01 | 0.02 | -0.07 | -0.69 | -0.03 |
| Cash from operations | — | — | — | — | CN¥25.0m | −CN¥55.0m | CN¥93.0m | −CN¥24.0m |
| Capital spending | −CN¥18.0m | −CN¥2.0m | −CN¥8.0m | −CN¥3.0m | −CN¥3.0m | −CN¥22.0m | −CN¥10.0m | −CN¥3.0m |
| Free cash flow | — | — | — | — | CN¥22.0m | −CN¥77.0m | CN¥83.0m | −CN¥27.0m |
| Total assets | CN¥1.39bn | CN¥1.38bn | CN¥1.36bn | CN¥1.44bn | CN¥1.43bn | CN¥1.43bn | CN¥1.47bn | CN¥1.57bn |
| Cash and short-term investments | — | — | — | CN¥342.7m | CN¥350.3m | CN¥311.2m | CN¥386.2m | CN¥311.2m |
| Debt | — | — | — | CN¥4.8m | — | — | — | — |
| Shareholders' equity | CN¥1.04bn | CN¥1.03bn | CN¥1.03bn | CN¥1.13bn | CN¥1.13bn | CN¥1.12bn | CN¥1.14bn | CN¥1.27bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 33.6% | 30.5% | 33.5% | 33.4% | 36.3% | 33.8% | — |
| Operating margin | -14.0% | -17.2% | 5.1% | 1.6% | 10.9% | 7.8% | — |
| Net margin | -14.5% | -18.5% | 4.1% | 0.6% | 8.9% | 6.6% | — |
| Return on equity | -10.6% | -12.5% | 2.8% | 0.3% | 6.1% | 4.4% | — |
| Return on assets | -8.1% | -9.7% | 2.3% | 0.2% | 4.5% | 3.2% | — |
| Free cash flow yield | 3.8% | 3.5% | 3.3% | 3.5% | 5.6% | 2.4% | — |
| Revenue growth | -1.1% | -14.1% | 24.4% | -15.0% | 9.7% | 111.0% | — |
| Earnings growth | -22.6% | -491.2% | 774.5% | -94.5% | 49.4% | 51.8% | — |
| Current ratio | 2.97x | 2.93x | 3.21x | 2.45x | 2.47x | 2.46x | — |
| Debt to equity | — | 0.01x | 0.02x | 0.05x | 0.05x | 0.09x | 0.11x |
| Equity ratio | 75.8% | 77.3% | 79.4% | 73.6% | 74.5% | 73.3% | — |
| Interest coverage | -214.30x | -118.51x | 13.75x | 3.47x | 19.08x | 9.70x | — |
| R&D as a share of sales | 9.4% | 11.3% | 9.6% | 11.6% | 8.8% | 9.1% | — |
| Buybacks as a share of market value | -6.5% | 19.4% | -7.5% | -24.8% | 43.2% | -208.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | -0.3% | 23.2% |
| Operating income | 13.4% | -25.4% | -6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.1% | 32.8% | 33.6% | 35.4% |
| Operating margin | -7.6% | -2.0% | 1.6% | 4.7% |
| Net margin | -16.5% | -6.7% | -1.8% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.4 | -22.9 | 117.8 | — | 56.1 | 164.9 | 63.8 | 56.6 | 61.5 |
| Price to sales | 5.0 | 4.2 | 4.8 | 4.9 | 5.0 | 10.8 | 5.8 | 12.7 | 15.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.20 | 0.10 | 0.067 | 0.04 | 0.044 |
- 3-for-2 split · 8 Jul 2020
- 3-for-2 split · 27 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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