Q 
11.25
-0.27%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥558.4m
FY2016FY2025
Net income
−CN¥19.4m
FY2016FY2025
Free cash flow
CN¥24.8m
FY2016FY2025
Shareholders' equity
CN¥1.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥558.4m | CN¥493.0m | CN¥399.8m | CN¥292.6m | CN¥495.6m | CN¥401.6m | CN¥372.7m | CN¥334.8m | CN¥212.8m | CN¥168.8m |
| Gross profit | CN¥108.8m | CN¥65.7m | CN¥74.9m | CN¥108.2m | CN¥175.6m | CN¥162.0m | CN¥152.2m | CN¥134.9m | CN¥90.2m | CN¥76.6m |
| Research and development | CN¥25.9m | CN¥20.3m | CN¥20.7m | CN¥17.8m | CN¥19.5m | CN¥15.6m | CN¥15.3m | CN¥13.1m | CN¥11.3m | CN¥20.9m |
| Operating income | CN¥14.7m | −CN¥55.5m | −CN¥35.4m | CN¥18.2m | CN¥86.2m | CN¥90.3m | CN¥84.8m | CN¥73.7m | CN¥53.6m | CN¥34.1m |
| Net income | −CN¥19.4m | −CN¥50.0m | −CN¥29.1m | CN¥17.9m | CN¥76.0m | CN¥80.0m | CN¥71.8m | CN¥60.9m | CN¥45.0m | CN¥33.5m |
| Diluted earnings per share | -0.14 | -0.27 | -0.70 | 0.09 | 0.42 | 0.32 | 0.39 | 0.53 | 0.39 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.72bn | CN¥1.75bn | CN¥1.76bn | CN¥1.71bn | CN¥1.54bn | CN¥1.13bn | CN¥976.8m | CN¥612.7m | CN¥520.3m | CN¥420.9m |
| Cash and short-term investments | — | CN¥172.4m | CN¥243.1m | CN¥259.4m | CN¥259.6m | CN¥330.2m | CN¥239.4m | CN¥75.2m | CN¥75.2m | CN¥48.7m |
| Total liabilities | CN¥586.3m | CN¥574.7m | CN¥497.8m | CN¥452.5m | CN¥297.5m | CN¥297.3m | CN¥206.3m | CN¥211.1m | CN¥176.2m | CN¥120.1m |
| Debt | CN¥63.9m | CN¥156.0m | CN¥73.6m | CN¥124.0m | CN¥20.1m | CN¥36.4m | CN¥23.0m | CN¥55.0m | CN¥50.0m | CN¥50.0m |
| Shareholders' equity | CN¥1.11bn | CN¥1.16bn | CN¥1.24bn | CN¥1.25bn | CN¥1.24bn | CN¥833.4m | CN¥767.8m | CN¥399.5m | CN¥342.6m | CN¥300.8m |
| Shares outstanding | 137m | 182m | 42m | 198m | 180m | 247m | 186m | 114m | 115m | 115m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥29.2m | −CN¥30.2m | −CN¥16.9m | CN¥57.7m | −CN¥19.1m | CN¥69.8m | CN¥63.0m | CN¥15.0m | CN¥40.3m | −CN¥5.1m |
| Capital spending | −CN¥4.4m | −CN¥33.2m | −CN¥63.6m | −CN¥167.1m | −CN¥326.2m | −CN¥93.7m | −CN¥50.3m | −CN¥17.3m | −CN¥8.4m | −CN¥3.5m |
| Free cash flow | CN¥24.8m | −CN¥63.5m | −CN¥80.5m | −CN¥109.3m | −CN¥345.3m | −CN¥23.9m | CN¥12.6m | −CN¥2.3m | CN¥31.9m | −CN¥8.6m |
| Dividends paid | −CN¥3.9m | −CN¥4.4m | −CN¥7.6m | −CN¥15.3m | −CN¥16.2m | −CN¥14.4m | −CN¥12.0m | −CN¥6.4m | −CN¥5.7m | −CN¥5.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥224.4m | CN¥134.2m | CN¥172.3m | CN¥127.3m | CN¥143.9m | CN¥114.9m | CN¥147.7m | CN¥134.9m |
| Gross profit | CN¥20.5m | CN¥23.8m | CN¥39.7m | CN¥27.8m | CN¥20.4m | CN¥21.0m | −CN¥3.0m | CN¥46.0m |
| Operating income | −CN¥9.7m | CN¥1.4m | CN¥7.6m | −CN¥9.8m | −CN¥3.3m | −CN¥5.6m | −CN¥13.3m | −CN¥12.6m |
| Net income | −CN¥14.1m | CN¥4.8m | −CN¥1.7m | −CN¥7.8m | −CN¥3.8m | −CN¥6.1m | −CN¥14.6m | −CN¥10.6m |
| Diluted earnings per share | -0.10 | 0.04 | -0.01 | -0.06 | -0.03 | -0.04 | -0.08 | -0.06 |
| Cash from operations | — | — | — | CN¥1.0m | −CN¥20.0m | CN¥10.0m | — | −CN¥2.0m |
| Capital spending | −CN¥17.0m | −CN¥3.0m | −CN¥1.0m | −CN¥1.0m | — | — | −CN¥4.0m | −CN¥10.0m |
| Free cash flow | — | — | — | CN¥0 | — | — | — | −CN¥12.0m |
| Total assets | CN¥1.80bn | CN¥1.80bn | CN¥1.72bn | CN¥1.69bn | CN¥1.74bn | CN¥1.75bn | CN¥1.75bn | CN¥1.75bn |
| Cash and short-term investments | — | — | — | CN¥126.7m | CN¥137.3m | CN¥174.2m | CN¥172.4m | CN¥174.5m |
| Debt | CN¥111.2m | CN¥74.2m | CN¥63.9m | CN¥88.1m | CN¥134.1m | CN¥154.5m | CN¥104.0m | CN¥106.0m |
| Shareholders' equity | CN¥1.10bn | CN¥1.12bn | CN¥1.11bn | CN¥1.11bn | CN¥1.12bn | CN¥1.13bn | CN¥1.16bn | CN¥1.17bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.5% | 13.3% | 18.7% | 37.0% | 35.4% | 40.3% |
| Operating margin | -2.9% | -11.0% | -7.1% | 7.3% | 18.2% | 23.1% |
| Net margin | -3.5% | -10.1% | -7.3% | 6.1% | 15.3% | 19.9% |
| Return on equity | -1.8% | -4.3% | -2.4% | 1.4% | 6.1% | 9.6% |
| Return on assets | -1.1% | -2.8% | -1.7% | 1.0% | 4.9% | 7.1% |
| Free cash flow yield | 2.0% | 0.1% | 8.9% | 9.1% | 13.6% | 5.3% |
| Revenue growth | 13.3% | 23.3% | 36.6% | -41.0% | 23.4% | 7.7% |
| Earnings growth | -61.1% | 71.5% | -262.7% | -76.5% | -4.9% | 11.4% |
| Current ratio | 1.96x | 2.07x | 2.12x | 2.69x | 2.95x | 2.88x |
| Debt to equity | 0.06x | 0.09x | 0.01x | 0.09x | 0.02x | 0.04x |
| Equity ratio | 64.6% | 66.1% | 70.2% | 73.2% | 80.6% | 73.6% |
| Interest coverage | -2.46x | -7.22x | -4.11x | 7.14x | 33.74x | 233.43x |
| R&D as a share of sales | 4.6% | 4.1% | 5.2% | 6.1% | 3.9% | 3.9% |
| Buybacks as a share of market value | 25.1% | -336.2% | 78.9% | -10.0% | 27.3% | -33.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.0% | 6.8% | 13.3% |
| Operating income | -6.9% | -30.5% | -7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.6% | 20.5% | 26.3% | 31.4% |
| Operating margin | -3.9% | -3.3% | 4.5% | 10.2% |
| Net margin | -6.6% | -4.6% | 2.9% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -114.5 | -50.7 | -25.9 | 170.1 | 56.4 | 39.5 | 48.0 |
| Price to sales | 4.0 | 5.1 | 1.9 | 10.4 | 8.6 | 7.9 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.15 | 0.106 | 0.094 |
- 9-for-5 split · 26 Apr 2022
- 8-for-5 split · 22 May 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.