B 
26.52
+0.11%
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¥422.8m
FY2016FY2025
Net income
−CN¥29.1m
FY2016FY2025
Free cash flow
−CN¥27.6m
FY2016FY2025
Shareholders' equity
CN¥70.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥422.8m | CN¥475.6m | CN¥681.5m | CN¥292.6m | CN¥312.0m | CN¥488.9m | CN¥353.4m | CN¥630.6m | CN¥675.1m | CN¥648.1m |
| Research and development | CN¥6.4m | CN¥6.9m | CN¥11.4m | CN¥5.5m | CN¥6.3m | CN¥7.0m | CN¥13.4m | CN¥8.6m | CN¥12.3m | CN¥5.1m |
| Operating income | — | −CN¥16.4m | −CN¥28.4m | −CN¥42.8m | CN¥6.2m | −CN¥83.2m | −CN¥89.0m | CN¥25.4m | CN¥54.1m | CN¥69.6m |
| Net income | −CN¥29.1m | −CN¥15.5m | −CN¥28.6m | −CN¥32.5m | CN¥6.5m | −CN¥87.5m | −CN¥93.0m | CN¥27.0m | CN¥39.6m | CN¥47.3m |
| Diluted earnings per share | -0.22 | -0.10 | -0.32 | -0.28 | 0.05 | -0.71 | -0.70 | 0.20 | 0.42 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥121.7m | CN¥153.3m | CN¥161.8m | CN¥194.0m | CN¥239.8m | CN¥271.7m | CN¥347.0m | CN¥471.4m | CN¥274.5m | CN¥281.7m |
| Cash and short-term investments | — | CN¥77.8m | CN¥86.3m | CN¥91.7m | CN¥125.0m | CN¥125.3m | CN¥194.5m | CN¥291.3m | CN¥94.8m | CN¥56.9m |
| Total liabilities | CN¥51.3m | CN¥58.6m | CN¥57.2m | CN¥69.3m | CN¥79.3m | CN¥88.0m | CN¥76.0m | CN¥68.3m | CN¥71.7m | CN¥86.0m |
| Debt | — | CN¥3.2m | CN¥4.9m | CN¥30.3m | CN¥33.3m | CN¥50.9m | CN¥2.6m | CN¥500,000 | — | — |
| Shareholders' equity | CN¥70.5m | CN¥94.7m | CN¥104.5m | CN¥124.7m | CN¥160.5m | CN¥183.8m | CN¥271.0m | CN¥403.1m | CN¥202.8m | CN¥195.7m |
| Shares outstanding | 130m | 150m | 90m | 117m | 143m | 124m | 134m | 134m | 95m | 98m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥26.9m | −CN¥6.8m | CN¥17.1m | −CN¥2.0m | CN¥47.1m | −CN¥88.8m | −CN¥52.8m | CN¥50.4m | CN¥45.9m | CN¥78.1m |
| Capital spending | −CN¥662,513 | −CN¥613,441 | −CN¥1.3m | −CN¥1.6m | −CN¥4.9m | −CN¥14.0m | −CN¥10.7m | −CN¥20.2m | −CN¥21.6m | −CN¥17.6m |
| Free cash flow | −CN¥27.6m | −CN¥7.4m | CN¥15.8m | −CN¥3.5m | CN¥42.1m | −CN¥102.8m | −CN¥63.4m | CN¥30.2m | CN¥24.4m | CN¥60.4m |
| Dividends paid | — | — | −CN¥64,843 | −CN¥2.2m | −CN¥735,150 | −CN¥735,150 | −CN¥24.5m | −CN¥37.0m | −CN¥32.6m | −CN¥24.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥53.8m | CN¥91.2m | CN¥80.6m | CN¥108.4m | CN¥123.8m | CN¥110.0m | CN¥81.7m | CN¥137.4m |
| Operating income | −CN¥1.5m | −CN¥3.3m | −CN¥9.9m | −CN¥9.0m | −CN¥5.8m | −CN¥4.5m | CN¥3.6m | CN¥228,464 |
| Net income | −CN¥2.1m | −CN¥4.7m | −CN¥11.9m | −CN¥7.6m | −CN¥4.6m | −CN¥4.9m | CN¥371,285 | CN¥125,806 |
| Diluted earnings per share | -0.02 | -0.04 | -0.09 | -0.06 | -0.04 | -0.04 | 0.00 | 0.00 |
| Cash from operations | — | — | — | −CN¥34.0m | — | −CN¥19.0m | CN¥14.0m | −CN¥14.0m |
| Total assets | CN¥105.5m | CN¥117.4m | CN¥121.7m | CN¥127.4m | CN¥139.9m | CN¥148.4m | CN¥153.3m | CN¥158.1m |
| Cash and short-term investments | — | — | — | CN¥24.6m | CN¥57.1m | CN¥57.1m | CN¥77.8m | CN¥69.7m |
| Debt | — | — | — | CN¥1.7m | CN¥1.8m | CN¥1.8m | CN¥1.8m | CN¥1.5m |
| Shareholders' equity | CN¥63.7m | CN¥65.8m | CN¥70.5m | CN¥82.0m | CN¥85.8m | CN¥90.3m | CN¥94.7m | CN¥97.4m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -7.3% | -2.9% | -4.2% | -12.1% | 2.7% | -17.0% | — |
| Net margin | -6.9% | -3.3% | -4.2% | -11.1% | 2.1% | -17.9% | — |
| Return on equity | -41.2% | -16.3% | -27.3% | -26.1% | 4.1% | -47.6% | — |
| Return on assets | -23.9% | -10.1% | -17.7% | -16.8% | 2.7% | -32.2% | — |
| Free cash flow yield | -0.7% | -0.1% | 0.7% | -0.0% | 1.3% | -2.1% | — |
| Revenue growth | -11.1% | -30.2% | 132.9% | -6.2% | -36.2% | 38.4% | — |
| Earnings growth | 87.7% | -45.8% | -12.2% | -600.1% | -107.4% | -5.9% | — |
| Current ratio | 1.79x | 2.13x | 2.21x | 2.12x | 2.84x | 2.71x | — |
| Debt to equity | — | 0.02x | 0.02x | 0.23x | 0.18x | 0.20x | 0.01x |
| Equity ratio | 57.9% | 61.8% | 64.6% | 64.3% | 66.9% | 67.6% | — |
| Interest coverage | -188.65x | -7.62x | -8.99x | -9.46x | 2.86x | -50.78x | — |
| R&D as a share of sales | 1.5% | 1.5% | 1.7% | 1.9% | 2.0% | 1.4% | — |
| Buybacks as a share of market value | 13.7% | -66.7% | 23.0% | 18.1% | -15.1% | 7.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.0% | -2.9% | -3.8% |
| Net income | -3.7% | -19.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -5.0% | -5.6% | -7.0% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -69.2 | -93.4 | -40.3 | -56.8 | 255.2 | -13.1 | -15.6 | 68.9 |
| Price to sales | 4.8 | 3.0 | 1.7 | 6.3 | 5.3 | 2.4 | 4.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2019.
| FY2019 | FY2018 | |
|---|---|---|
| Paid in the year | 0.188 | 0.283 |
- 8-for-5 split · 3 Jul 2019
- 3-for-2 split · 22 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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