M 
53.28
+1.82%
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¥3.73bn
FY2016FY2025
Net income
−CN¥268.0m
FY2016FY2025
Free cash flow
−CN¥701.9m
FY2016FY2025
Shareholders' equity
CN¥9.87bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.73bn | CN¥4.49bn | CN¥4.38bn | CN¥3.68bn | CN¥4.63bn | CN¥2.79bn | CN¥1.51bn | CN¥560.2m | CN¥591.6m | CN¥385.2m |
| Research and development | CN¥866.9m | CN¥997.1m | CN¥628.9m | CN¥449.3m | CN¥304.3m | CN¥182.3m | CN¥137.6m | CN¥67.7m | CN¥47.8m | CN¥59.0m |
| Operating income | −CN¥318.4m | CN¥384.5m | CN¥1.18bn | CN¥1.10bn | CN¥2.22bn | CN¥1.22bn | CN¥562.6m | CN¥176.2m | CN¥193.4m | CN¥94.9m |
| Net income | −CN¥268.0m | CN¥401.8m | CN¥1.12bn | CN¥1.07bn | CN¥2.13bn | CN¥1.07bn | CN¥497.2m | CN¥162.3m | CN¥169.9m | CN¥84.2m |
| Diluted earnings per share | -0.50 | 0.75 | 2.10 | 2.00 | 4.00 | 2.07 | 0.96 | 0.42 | 0.44 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.47bn | CN¥14.23bn | CN¥10.96bn | CN¥9.50bn | CN¥8.45bn | CN¥3.09bn | CN¥1.92bn | CN¥541.5m | CN¥363.0m | CN¥208.1m |
| Cash and short-term investments | — | CN¥1.41bn | CN¥1.01bn | CN¥1.28bn | CN¥2.66bn | CN¥1.57bn | CN¥982.1m | CN¥279.2m | CN¥167.1m | CN¥93.6m |
| Total liabilities | CN¥5.60bn | CN¥4.03bn | CN¥1.15bn | CN¥818.6m | CN¥813.4m | CN¥442.4m | CN¥225.6m | CN¥69.0m | CN¥52.9m | CN¥64.0m |
| Debt | — | CN¥2.61bn | CN¥68.5m | CN¥15.0m | CN¥2.5m | — | — | CN¥2.6m | CN¥1.1m | CN¥7.9m |
| Shareholders' equity | CN¥9.87bn | CN¥10.20bn | CN¥9.80bn | CN¥8.68bn | CN¥7.64bn | CN¥2.66bn | CN¥1.70bn | CN¥475.3m | CN¥310.5m | CN¥144.0m |
| Shares outstanding | 535m | 535m | 535m | 534m | 534m | 518m | 518m | 389m | 389m | 535m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥103.8m | CN¥80.3m | CN¥1.89bn | CN¥942.2m | CN¥1.15bn | CN¥1.01bn | CN¥55.6m | CN¥134.3m | CN¥128.6m | CN¥94.5m |
| Capital spending | −CN¥805.7m | −CN¥1.87bn | −CN¥2.12bn | −CN¥1.71bn | −CN¥2.86bn | −CN¥153.4m | −CN¥96.2m | −CN¥28.8m | −CN¥15.7m | −CN¥4.5m |
| Free cash flow | −CN¥701.9m | −CN¥1.79bn | −CN¥227.7m | −CN¥768.5m | −CN¥1.71bn | CN¥852.0m | −CN¥40.6m | CN¥105.5m | CN¥112.8m | CN¥90.0m |
| Dividends paid | −CN¥112.0m | −CN¥152.0m | −CN¥90.7m | −CN¥233.5m | −CN¥185.3m | −CN¥100.0m | −CN¥100.0m | −CN¥100.0m | −CN¥111,504 | −CN¥5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥982.0m | CN¥827.6m | CN¥957.1m | CN¥1.07bn | CN¥948.0m | CN¥755.8m | CN¥1.12bn | CN¥1.08bn |
| Operating income | −CN¥133.3m | −CN¥46.2m | −CN¥124.4m | −CN¥40.1m | −CN¥101.1m | −CN¥32.8m | CN¥1.9m | CN¥24.3m |
| Net income | −CN¥226.4m | −CN¥144.3m | −CN¥97.3m | −CN¥23.3m | −CN¥100.8m | −CN¥46.6m | −CN¥23.6m | CN¥71.1m |
| Diluted earnings per share | -0.42 | -0.27 | -0.18 | -0.04 | -0.19 | -0.09 | -0.04 | 0.13 |
| Cash from operations | — | — | — | −CN¥201.0m | CN¥180.0m | CN¥77.0m | CN¥446.0m | −CN¥77.0m |
| Capital spending | −CN¥232.0m | −CN¥181.0m | −CN¥349.0m | −CN¥108.0m | −CN¥211.0m | −CN¥136.0m | −CN¥90.0m | −CN¥407.0m |
| Free cash flow | — | — | — | −CN¥309.0m | −CN¥31.0m | −CN¥59.0m | CN¥356.0m | −CN¥484.0m |
| Total assets | CN¥18.50bn | CN¥15.14bn | CN¥15.47bn | CN¥14.73bn | CN¥14.33bn | CN¥14.10bn | CN¥14.23bn | CN¥13.67bn |
| Cash and short-term investments | — | — | — | CN¥1.22bn | CN¥1.23bn | CN¥1.40bn | CN¥1.41bn | CN¥895.9m |
| Debt | CN¥1.94bn | CN¥1.76bn | CN¥1.75bn | CN¥1.47bn | CN¥1.62bn | CN¥2.40bn | CN¥2.53bn | CN¥2.11bn |
| Shareholders' equity | CN¥12.95bn | CN¥9.72bn | CN¥9.87bn | CN¥10.02bn | CN¥10.02bn | CN¥10.15bn | CN¥10.20bn | CN¥10.21bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -8.5% | 8.6% | 26.8% | 29.8% | 47.9% | 43.6% | — | — | — |
| Net margin | -7.2% | 9.0% | 25.6% | 29.1% | 46.1% | 38.4% | — | — | — |
| Return on equity | -2.7% | 3.9% | 11.4% | 12.3% | 27.9% | 40.3% | — | — | — |
| Return on assets | -1.7% | 2.8% | 10.2% | 11.3% | 25.3% | 34.7% | — | — | — |
| Free cash flow yield | 2.4% | 5.1% | 10.5% | 6.9% | 10.5% | 3.1% | — | — | — |
| Revenue growth | -17.0% | 2.5% | 19.1% | -20.6% | 66.0% | 84.6% | — | — | — |
| Earnings growth | -166.7% | -64.2% | 5.0% | -49.9% | 99.0% | 115.8% | — | — | — |
| Current ratio | 2.01x | 1.69x | 3.71x | 4.98x | 6.62x | 6.53x | — | — | — |
| Debt to equity | 0.18x | 0.25x | — | — | — | — | 0.05x | 0.38x | 7.56x |
| Equity ratio | 63.8% | 71.7% | 89.5% | 91.4% | 90.5% | 86.0% | — | — | — |
| Interest coverage | -4.20x | 10.18x | 421.16x | 848.68x | 2278.94x | 3558.18x | — | — | — |
| R&D as a share of sales | 23.3% | 22.2% | 14.4% | 12.2% | 6.6% | 6.5% | — | — | — |
| Buybacks as a share of market value | -0.1% | 0.1% | -0.2% | 0.1% | -3.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 5.9% | 42.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.8% | 14.4% | 24.4% | 25.4% |
| Net margin | 1.6% | 14.3% | 23.4% | 24.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -162.6 | 119.3 | 67.2 | 57.0 | 51.1 | 95.7 | 82.5 |
| Price to sales | 11.7 | 10.7 | 17.2 | 16.6 | 23.6 | 36.8 | 27.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 6 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.102 | 0.224 | 0.17 | 0.70 | 0.347 | 0.347 | 0.193 |
- 8-for-5 split · 30 Jun 2022
- 9-for-5 split · 30 Apr 2021
- 9-for-5 split · 30 Jun 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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