B 
10.43
-0.57%
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¥679.6m
FY2016FY2025
Net income
−CN¥5.7m
FY2016FY2025
Free cash flow
−CN¥37.5m
FY2016FY2025
Shareholders' equity
CN¥1.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥679.6m | CN¥632.8m | CN¥850.9m | CN¥412.5m | CN¥475.5m | CN¥609.7m | CN¥552.4m | CN¥499.4m | CN¥439.8m | CN¥397.7m |
| Gross profit | CN¥260.4m | CN¥258.1m | CN¥379.6m | CN¥159.6m | CN¥218.6m | CN¥304.0m | CN¥296.0m | CN¥250.9m | CN¥231.2m | CN¥222.8m |
| Research and development | CN¥82.0m | CN¥82.2m | CN¥66.7m | CN¥69.5m | CN¥70.2m | CN¥83.7m | CN¥69.5m | CN¥58.0m | CN¥39.3m | CN¥25.1m |
| Operating income | CN¥3.0m | CN¥5.7m | CN¥125.3m | −CN¥60.6m | CN¥4.7m | CN¥104.8m | CN¥83.0m | CN¥57.6m | CN¥102.8m | CN¥83.9m |
| Net income | −CN¥5.7m | CN¥13.8m | CN¥113.5m | −CN¥45.8m | CN¥10.4m | CN¥95.5m | CN¥73.1m | CN¥55.4m | CN¥89.8m | CN¥91.2m |
| Diluted earnings per share | -0.02 | 0.05 | 0.44 | -0.18 | 0.04 | 0.38 | 0.29 | 0.22 | 0.43 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.83bn | CN¥1.71bn | CN¥1.59bn | CN¥1.24bn | CN¥1.27bn | CN¥1.44bn | CN¥1.29bn | CN¥1.16bn | CN¥1.11bn | CN¥634.3m |
| Cash and short-term investments | — | CN¥180.5m | CN¥297.5m | CN¥207.8m | CN¥249.2m | CN¥300.1m | CN¥305.2m | CN¥215.4m | CN¥264.8m | CN¥237.6m |
| Total liabilities | CN¥803.2m | CN¥665.9m | CN¥499.2m | CN¥270.1m | CN¥256.2m | CN¥392.2m | CN¥309.7m | CN¥217.1m | CN¥151.5m | CN¥234.9m |
| Debt | CN¥112.1m | CN¥386.1m | CN¥185.0m | CN¥108.6m | CN¥91.2m | CN¥188.4m | CN¥120.2m | CN¥6.1m | CN¥200,000 | CN¥104.0m |
| Shareholders' equity | CN¥1.02bn | CN¥1.04bn | CN¥1.09bn | CN¥970.8m | CN¥1.01bn | CN¥1.05bn | CN¥979.5m | CN¥946.3m | CN¥961.8m | CN¥399.3m |
| Shares outstanding | 264m | 254m | 255m | 255m | 255m | 255m | 255m | 253m | 210m | 207m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥56.6m | −CN¥181.0m | CN¥30.6m | −CN¥25.7m | CN¥133.9m | −CN¥16.3m | −CN¥4.8m | −CN¥100.5m | −CN¥143.9m | CN¥114.4m |
| Capital spending | −CN¥94.0m | −CN¥90.0m | −CN¥18.6m | −CN¥10.9m | −CN¥14.4m | −CN¥15.5m | −CN¥28.9m | −CN¥22.1m | −CN¥9.3m | −CN¥7.6m |
| Free cash flow | −CN¥37.5m | −CN¥270.9m | CN¥12.0m | −CN¥36.6m | CN¥119.5m | −CN¥31.8m | −CN¥33.7m | −CN¥122.6m | −CN¥153.2m | CN¥106.8m |
| Dividends paid | −CN¥22.1m | −CN¥57.6m | −CN¥4.1m | −CN¥5.1m | −CN¥50.8m | −CN¥25.4m | −CN¥50.7m | −CN¥84.0m | −CN¥4.2m | −CN¥6.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥121.5m | CN¥97.1m | CN¥232.9m | CN¥182.8m | CN¥140.6m | CN¥123.3m | CN¥267.3m | CN¥123.9m |
| Gross profit | CN¥50.6m | CN¥36.6m | CN¥77.9m | CN¥76.7m | CN¥58.5m | CN¥47.2m | CN¥98.8m | CN¥50.2m |
| Operating income | −CN¥5.6m | −CN¥16.4m | CN¥3.1m | CN¥12.7m | −CN¥6.7m | −CN¥11.3m | CN¥5.6m | −CN¥10.9m |
| Net income | −CN¥11.1m | −CN¥13.7m | −CN¥6.3m | CN¥12.5m | −CN¥3.8m | −CN¥8.1m | CN¥8.5m | −CN¥9.0m |
| Diluted earnings per share | -0.04 | -0.05 | -0.02 | 0.05 | -0.01 | -0.03 | 0.03 | -0.04 |
| Cash from operations | — | — | — | CN¥7.0m | −CN¥4.0m | −CN¥14.0m | — | −CN¥36.0m |
| Capital spending | −CN¥9.0m | −CN¥21.0m | −CN¥31.0m | −CN¥25.0m | −CN¥23.0m | −CN¥13.0m | −CN¥24.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥18.0m | −CN¥27.0m | −CN¥27.0m | — | −CN¥51.0m |
| Total assets | CN¥1.76bn | CN¥1.74bn | CN¥1.83bn | CN¥1.77bn | CN¥1.73bn | CN¥1.69bn | CN¥1.71bn | CN¥1.62bn |
| Cash and short-term investments | — | — | — | CN¥168.3m | CN¥164.4m | CN¥171.2m | CN¥180.5m | CN¥134.0m |
| Debt | CN¥148.0m | CN¥126.1m | CN¥112.1m | CN¥358.1m | CN¥436.0m | CN¥397.9m | CN¥375.1m | CN¥296.1m |
| Shareholders' equity | CN¥999.0m | CN¥1.01bn | CN¥1.02bn | CN¥1.04bn | CN¥1.02bn | CN¥1.04bn | CN¥1.04bn | CN¥1.04bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.3% | 40.8% | 44.6% | 38.7% | 46.0% | 49.9% |
| Operating margin | -0.9% | 2.1% | 15.3% | -14.3% | 2.0% | 17.9% |
| Net margin | -0.8% | 2.2% | 13.3% | -11.1% | 2.2% | 15.7% |
| Return on equity | -0.6% | 1.3% | 10.5% | -4.7% | 1.0% | 9.1% |
| Return on assets | -0.3% | 0.8% | 7.1% | -3.7% | 0.8% | 6.6% |
| Free cash flow yield | 5.1% | -3.2% | 1.7% | -0.5% | 5.2% | -0.0% |
| Revenue growth | 7.4% | -25.6% | 106.2% | -13.2% | -22.0% | 10.4% |
| Earnings growth | -141.2% | -87.8% | -347.7% | -539.4% | -89.1% | 30.5% |
| Current ratio | 2.17x | 2.38x | 2.93x | 4.27x | 4.45x | 3.35x |
| Debt to equity | 0.11x | 0.36x | 0.16x | 0.09x | 0.08x | 0.18x |
| Equity ratio | 56.0% | 60.9% | 68.3% | 78.2% | 79.8% | 72.8% |
| Interest coverage | -0.58x | 1.63x | 24.20x | -16.29x | 1.87x | 17.51x |
| R&D as a share of sales | 12.1% | 13.0% | 7.8% | 16.8% | 14.8% | 13.7% |
| Buybacks as a share of market value | -4.0% | 0.5% | -0.0% | 0.1% | -0.4% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.1% | 2.2% | 8.1% |
| Operating income | — | -51.0% | -24.9% |
| Net income | -50.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.5% | 41.1% | 43.2% | 46.9% |
| Operating margin | 0.7% | 2.9% | 5.0% | 9.6% |
| Net margin | 0.6% | 2.9% | 5.0% | 9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -840.7 | 328.9 | 30.0 | -63.0 | 326.1 | 49.3 | 40.8 | 47.0 | 40.9 |
| Price to sales | 7.0 | 7.2 | 4.0 | 7.0 | 7.2 | 7.7 | 5.4 | 5.2 | 8.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 25 Jun 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.20 | 0.02 | 0.20 | 0.10 | 0.20 | 0.333 |
- 3-for-2 split · 9 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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