Q 
16.82
+0.78%
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¥531.0m
FY2016FY2025
Net income
−CN¥117.4m
FY2016FY2025
Free cash flow
CN¥178.5m
FY2016FY2025
Shareholders' equity
CN¥1.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥531.0m | CN¥417.1m | CN¥694.1m | CN¥897.2m | CN¥670.3m | CN¥580.5m | CN¥389.2m | CN¥459.3m | CN¥269.5m | CN¥298.2m |
| Gross profit | CN¥159.8m | CN¥129.3m | CN¥237.8m | CN¥377.6m | CN¥279.3m | CN¥305.6m | CN¥206.5m | CN¥256.6m | CN¥151.3m | CN¥183.7m |
| Research and development | CN¥30.8m | CN¥33.0m | CN¥42.0m | CN¥28.6m | CN¥23.9m | CN¥15.8m | CN¥13.2m | CN¥11.4m | CN¥5.7m | CN¥12.7m |
| Operating income | −CN¥9.7m | −CN¥131.9m | −CN¥46.9m | CN¥143.8m | CN¥98.6m | CN¥173.0m | CN¥105.2m | CN¥133.0m | CN¥75.5m | CN¥80.1m |
| Net income | −CN¥117.4m | −CN¥141.0m | −CN¥41.1m | CN¥100.2m | CN¥87.5m | CN¥160.7m | CN¥90.7m | CN¥114.4m | CN¥65.4m | CN¥68.7m |
| Diluted earnings per share | -0.42 | -0.56 | -0.17 | 0.43 | 0.36 | 0.66 | 0.38 | 0.63 | 0.36 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.18bn | CN¥2.47bn | CN¥2.64bn | CN¥2.56bn | CN¥2.06bn | CN¥1.48bn | CN¥1.11bn | CN¥750.6m | CN¥561.7m | CN¥461.9m |
| Cash and short-term investments | — | CN¥600.8m | CN¥609.5m | CN¥569.1m | CN¥401.7m | CN¥534.8m | CN¥484.9m | CN¥251.5m | CN¥211.9m | CN¥189.6m |
| Total liabilities | CN¥649.0m | CN¥827.5m | CN¥1.07bn | CN¥939.3m | CN¥756.7m | CN¥372.2m | CN¥139.6m | CN¥190.3m | CN¥115.9m | CN¥81.5m |
| Debt | CN¥28.9m | CN¥216.6m | CN¥589.9m | CN¥503.6m | CN¥294.7m | CN¥47.6m | — | — | — | — |
| Shareholders' equity | CN¥1.52bn | CN¥1.64bn | CN¥1.56bn | CN¥1.62bn | CN¥1.28bn | CN¥1.11bn | CN¥967.1m | CN¥560.3m | CN¥445.8m | CN¥380.4m |
| Shares outstanding | 276m | 252m | 247m | 234m | 242m | 242m | 242m | 181m | 181m | 276m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥198.9m | CN¥96.1m | CN¥77.9m | −CN¥38.0m | −CN¥182.9m | CN¥120.6m | −CN¥53.6m | CN¥116.6m | CN¥22.3m | CN¥48.8m |
| Capital spending | −CN¥20.3m | −CN¥46.3m | −CN¥81.4m | −CN¥149.5m | −CN¥212.4m | −CN¥156.5m | −CN¥39.8m | −CN¥82.1m | −CN¥4.5m | −CN¥17.4m |
| Free cash flow | CN¥178.5m | CN¥49.9m | −CN¥3.6m | −CN¥187.5m | −CN¥395.2m | −CN¥35.9m | −CN¥93.4m | CN¥34.5m | CN¥17.8m | CN¥31.4m |
| Dividends paid | −CN¥7.0m | −CN¥14.1m | −CN¥34.5m | −CN¥18.2m | −CN¥32.3m | −CN¥18.4m | −CN¥19.3m | −CN¥19.3m | −CN¥19.3m | −CN¥20,750 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥119.8m | CN¥52.4m | CN¥105.3m | CN¥162.6m | CN¥170.0m | CN¥93.0m | CN¥98.6m | CN¥92.3m |
| Gross profit | CN¥46.1m | CN¥13.8m | CN¥19.3m | CN¥57.6m | CN¥54.1m | CN¥28.8m | CN¥18.2m | CN¥30.6m |
| Operating income | CN¥7.3m | −CN¥13.2m | −CN¥42.6m | −CN¥3.8m | −CN¥10.0m | −CN¥6.9m | −CN¥97.3m | −CN¥32.6m |
| Net income | CN¥6.8m | −CN¥1.9m | −CN¥95.1m | −CN¥5.6m | −CN¥9.6m | −CN¥7.1m | −CN¥84.2m | −CN¥27.6m |
| Diluted earnings per share | 0.02 | -0.01 | -0.34 | -0.02 | -0.03 | -0.03 | -0.33 | -0.11 |
| Cash from operations | — | — | — | CN¥49.0m | CN¥27.0m | CN¥72.0m | — | CN¥24.0m |
| Capital spending | −CN¥23.0m | −CN¥7.0m | −CN¥6.0m | −CN¥5.0m | −CN¥4.0m | −CN¥3.0m | −CN¥12.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥44.0m | CN¥23.0m | CN¥69.0m | — | CN¥18.0m |
| Total assets | CN¥2.16bn | CN¥2.10bn | CN¥2.18bn | CN¥2.32bn | CN¥2.38bn | CN¥2.41bn | CN¥2.47bn | CN¥2.50bn |
| Cash and short-term investments | — | — | — | CN¥596.5m | CN¥600.7m | CN¥593.6m | CN¥600.8m | CN¥565.9m |
| Debt | — | CN¥5.0m | CN¥28.9m | CN¥192.3m | CN¥177.5m | CN¥183.2m | CN¥215.9m | CN¥422.5m |
| Shareholders' equity | CN¥1.53bn | CN¥1.52bn | CN¥1.52bn | CN¥1.62bn | CN¥1.62bn | CN¥1.63bn | CN¥1.64bn | CN¥1.51bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.1% | 31.0% | 34.3% | 42.1% | 41.7% | 52.7% |
| Operating margin | -22.1% | -31.6% | -2.1% | 16.0% | 16.0% | 33.2% |
| Net margin | -22.1% | -33.8% | -5.9% | 11.2% | 13.0% | 27.7% |
| Return on equity | -7.7% | -8.6% | -2.6% | 6.2% | 6.8% | 14.5% |
| Return on assets | -5.4% | -5.7% | -1.6% | 3.9% | 4.2% | 10.8% |
| Free cash flow yield | 4.3% | 3.1% | 3.5% | 2.6% | 0.7% | 6.3% |
| Revenue growth | 27.3% | -39.9% | -22.6% | 33.9% | 15.5% | 49.2% |
| Earnings growth | -16.8% | 242.9% | -141.0% | 14.6% | -45.6% | 77.1% |
| Current ratio | 2.65x | 2.57x | 2.71x | 2.81x | 2.54x | 3.24x |
| Debt to equity | 0.02x | 0.13x | 0.37x | 0.31x | 0.23x | 0.04x |
| Equity ratio | 69.7% | 66.2% | 59.1% | 63.0% | 62.2% | 74.9% |
| Interest coverage | -15.39x | -5.05x | -0.47x | 6.12x | 10.85x | 81.34x |
| R&D as a share of sales | 5.8% | 7.9% | 6.0% | 3.2% | 3.6% | 2.7% |
| Buybacks as a share of market value | -9.8% | -2.0% | -5.7% | 3.6% | -0.2% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.0% | -1.8% | 10.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.5% | 35.6% | 39.3% | 44.5% |
| Operating margin | -14.9% | -1.8% | 6.0% | 12.6% |
| Net margin | -27.3% | -7.8% | 1.3% | 8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -49.0 | -16.1 | -104.4 | 109.0 | 240.9 | 65.4 | 53.3 |
| Price to sales | 10.8 | 5.5 | 6.2 | 12.2 | 31.4 | 18.1 | 12.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.081 | 0.09 | 0.133 | 0.137 |
- 6-for-5 split · 26 May 2022
- 7-for-5 split · 11 Jun 2021
- 9-for-5 split · 15 Jun 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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