D 
30.08
-1.99%
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¥141.1m
FY2016FY2025
Net income
−CN¥49.1m
FY2016FY2025
Free cash flow
−CN¥56.9m
FY2016FY2025
Shareholders' equity
CN¥370.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥141.1m | CN¥221.9m | CN¥271.0m | CN¥347.1m | CN¥339.9m | CN¥163.5m | CN¥212.8m | CN¥335.0m | CN¥184.5m | CN¥184.2m |
| Research and development | CN¥7.2m | CN¥18.9m | CN¥13.6m | CN¥13.9m | CN¥11.6m | CN¥7.9m | CN¥8.9m | CN¥8.6m | CN¥9.1m | CN¥8.8m |
| Operating income | −CN¥43.6m | −CN¥115.2m | CN¥10.9m | −CN¥110.4m | −CN¥5.3m | CN¥10.9m | CN¥18.0m | CN¥2.0m | CN¥63.3m | CN¥45.2m |
| Net income | −CN¥49.1m | −CN¥105.5m | CN¥9.7m | −CN¥83.3m | CN¥11.4m | CN¥7.3m | CN¥16.3m | CN¥13.4m | CN¥47.2m | CN¥40.5m |
| Diluted earnings per share | -0.24 | -0.70 | 0.07 | -0.49 | 0.06 | 0.06 | 0.12 | 0.09 | 0.32 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥497.5m | CN¥636.3m | CN¥761.3m | CN¥800.6m | CN¥765.9m | CN¥481.2m | CN¥466.3m | CN¥469.1m | CN¥460.1m | CN¥261.1m |
| Cash and short-term investments | — | CN¥340.9m | CN¥406.0m | CN¥443.1m | CN¥494.9m | CN¥293.8m | CN¥235.7m | CN¥148.5m | CN¥267.1m | CN¥227.0m |
| Total liabilities | CN¥147.7m | CN¥210.7m | CN¥204.4m | CN¥234.9m | CN¥193.9m | CN¥108.4m | CN¥90.6m | CN¥90.4m | CN¥80.5m | CN¥81.7m |
| Debt | — | CN¥7.2m | CN¥5.8m | CN¥31.2m | CN¥15.3m | CN¥20.1m | — | — | — | — |
| Shareholders' equity | CN¥370.2m | CN¥423.7m | CN¥544.7m | CN¥569.1m | CN¥594.6m | CN¥375.2m | CN¥376.2m | CN¥382.9m | CN¥376.3m | CN¥176.2m |
| Shares outstanding | 207m | 151m | 147m | 171m | 184m | 122m | 142m | 147m | 145m | 110m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥56.6m | −CN¥29.4m | −CN¥10.0m | CN¥4.5m | CN¥41.1m | CN¥29.5m | CN¥34.5m | −CN¥32.2m | CN¥14.0m | CN¥42.7m |
| Capital spending | −CN¥321,532 | −CN¥7.9m | −CN¥19.9m | −CN¥26.4m | −CN¥25.5m | −CN¥5.6m | −CN¥12.6m | −CN¥9.9m | −CN¥4.0m | −CN¥2.7m |
| Free cash flow | −CN¥56.9m | −CN¥37.3m | −CN¥29.8m | −CN¥21.9m | CN¥15.6m | CN¥23.9m | CN¥21.9m | −CN¥42.1m | CN¥9.9m | CN¥40.0m |
| Dividends paid | — | −CN¥836,023 | −CN¥2.5m | −CN¥6.6m | −CN¥10.9m | −CN¥8.1m | −CN¥6.8m | −CN¥6.8m | −CN¥6.8m | −CN¥6.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.2m | CN¥21.7m | CN¥38.9m | CN¥31.6m | CN¥35.0m | CN¥35.5m | CN¥63.1m | CN¥57.9m |
| Operating income | −CN¥5.1m | −CN¥2.2m | −CN¥6.7m | −CN¥16.2m | −CN¥20.7m | −CN¥1.5m | −CN¥72.8m | −CN¥9.0m |
| Net income | −CN¥6.1m | −CN¥4.5m | −CN¥24.2m | −CN¥13.3m | −CN¥12.7m | CN¥1.1m | −CN¥62.4m | −CN¥9.6m |
| Diluted earnings per share | -0.03 | -0.02 | -0.12 | -0.06 | -0.06 | 0.01 | -0.41 | -0.06 |
| Cash from operations | — | — | — | −CN¥13.0m | −CN¥17.0m | −CN¥24.0m | — | — |
| Capital spending | — | — | — | — | — | — | −CN¥4.0m | — |
| Total assets | CN¥453.1m | CN¥478.2m | CN¥497.5m | CN¥545.1m | CN¥570.0m | CN¥600.6m | CN¥636.3m | CN¥707.8m |
| Cash and short-term investments | — | — | — | CN¥253.0m | CN¥265.3m | CN¥315.8m | CN¥340.9m | CN¥267.4m |
| Debt | — | — | — | CN¥4.0m | CN¥4.9m | CN¥3.7m | — | — |
| Shareholders' equity | CN¥352.5m | CN¥366.6m | CN¥370.2m | CN¥400.0m | CN¥411.9m | CN¥427.8m | CN¥423.7m | CN¥485.7m |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -41.7% | -52.6% | 4.5% | -31.4% | -1.1% | 5.9% |
| Net margin | -34.8% | -47.6% | 3.6% | -24.0% | 3.4% | 4.5% |
| Return on equity | -13.3% | -24.9% | 1.8% | -14.6% | 1.9% | 2.0% |
| Return on assets | -9.9% | -16.6% | 1.3% | -10.4% | 1.5% | 1.5% |
| Free cash flow yield | -0.9% | -0.5% | 0.2% | 0.6% | 1.2% | 1.0% |
| Revenue growth | -36.4% | -18.1% | -21.9% | 2.1% | 107.9% | -23.2% |
| Earnings growth | -53.5% | -1192.1% | -111.6% | -829.2% | 55.9% | -55.2% |
| Current ratio | 2.20x | 1.98x | 2.51x | 2.52x | 3.43x | 3.52x |
| Debt to equity | — | 0.03x | — | — | — | — |
| Equity ratio | 74.4% | 66.6% | 71.5% | 71.1% | 77.6% | 78.0% |
| Interest coverage | -161.09x | -96.13x | 9.58x | -50.26x | -3.24x | 90.11x |
| R&D as a share of sales | 5.1% | 8.5% | 5.0% | 4.0% | 3.4% | 4.8% |
| Buybacks as a share of market value | -36.8% | -3.1% | 14.2% | 7.0% | -51.1% | 14.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.9% | -2.9% | -1.7% |
| Operating income | -26.6% | — | — |
| Net income | -16.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -43.7% | -26.3% | -17.0% | -4.3% |
| Net margin | -42.6% | -23.3% | -14.1% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -123.2 | -45.9 | 436.3 | -34.3 | 350.5 | 233.1 | 132.4 | 208.0 | 82.0 |
| Price to sales | 42.9 | 21.9 | 15.6 | 8.2 | 11.8 | 10.4 | 10.2 | 8.3 | 20.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.06 | 0.067 | 0.057 | 0.048 | 0.048 |
- 3-for-2 split · 20 Apr 2022
- 7-for-5 split · 2 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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