B 
20.30
+0.25%
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¥315.7m
FY2016FY2025
Net income
−CN¥44.1m
FY2016FY2025
Free cash flow
−CN¥83.6m
FY2016FY2025
Shareholders' equity
CN¥780.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥315.7m | CN¥239.7m | CN¥164.6m | CN¥218.0m | CN¥202.2m | CN¥125.2m | CN¥241.4m | CN¥298.3m | CN¥212.7m | CN¥132.5m |
| Gross profit | CN¥73.3m | CN¥48.8m | −CN¥22.3m | CN¥135.6m | CN¥123.6m | CN¥83.6m | CN¥161.7m | CN¥169.8m | CN¥152.0m | CN¥96.1m |
| Research and development | CN¥22.2m | CN¥28.8m | CN¥37.3m | CN¥46.4m | CN¥49.8m | CN¥46.5m | CN¥41.5m | CN¥34.8m | CN¥26.6m | CN¥15.3m |
| Operating income | −CN¥7.8m | −CN¥30.2m | −CN¥185.8m | CN¥14.7m | CN¥10.9m | CN¥23.1m | CN¥92.3m | CN¥96.0m | CN¥91.3m | CN¥17.4m |
| Net income | −CN¥44.1m | −CN¥26.1m | −CN¥156.9m | CN¥12.7m | CN¥11.4m | CN¥21.2m | CN¥81.8m | CN¥85.8m | CN¥80.0m | CN¥8.3m |
| Diluted earnings per share | -0.38 | -0.22 | -1.33 | 0.11 | 0.09 | 0.18 | 0.83 | 0.97 | 0.91 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.28bn | CN¥1.19bn | CN¥1.17bn | CN¥1.16bn | CN¥1.11bn | CN¥1.13bn | CN¥1.09bn | CN¥578.0m | CN¥501.5m | CN¥394.9m |
| Cash and short-term investments | — | CN¥235.2m | CN¥249.5m | CN¥276.3m | CN¥367.7m | CN¥475.6m | CN¥577.5m | CN¥131.3m | CN¥102.7m | CN¥68.0m |
| Total liabilities | CN¥495.2m | CN¥372.3m | CN¥304.8m | CN¥132.1m | CN¥92.2m | CN¥119.2m | CN¥99.7m | CN¥106.5m | CN¥116.4m | CN¥89.6m |
| Debt | CN¥9.9m | CN¥73.7m | CN¥79.2m | CN¥21.3m | CN¥5.7m | CN¥9.9m | — | — | — | CN¥2.1m |
| Shareholders' equity | CN¥780.7m | CN¥818.1m | CN¥866.5m | CN¥1.03bn | CN¥1.02bn | CN¥1.01bn | CN¥994.7m | CN¥470.9m | CN¥385.1m | CN¥305.3m |
| Shares outstanding | 117m | 117m | 118m | 118m | 122m | 118m | 98m | 89m | 88m | 117m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥80.4m | CN¥25.0m | −CN¥70.4m | −CN¥37.4m | −CN¥93.5m | −CN¥59.5m | CN¥10.0m | CN¥45.9m | CN¥57.0m | −CN¥30.8m |
| Capital spending | −CN¥3.1m | −CN¥7.0m | −CN¥19.3m | −CN¥69.0m | −CN¥10.3m | −CN¥43.5m | −CN¥7.8m | −CN¥16.6m | −CN¥16.3m | −CN¥13.2m |
| Free cash flow | −CN¥83.6m | CN¥17.9m | −CN¥89.7m | −CN¥106.4m | −CN¥103.9m | −CN¥103.0m | CN¥2.1m | CN¥29.3m | CN¥40.7m | −CN¥44.0m |
| Dividends paid | −CN¥4.6m | −CN¥5.5m | −CN¥3.3m | −CN¥2.4m | −CN¥3.9m | −CN¥7.4m | −CN¥7.4m | −CN¥7.4m | −CN¥90,305 | −CN¥3.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥41.1m | CN¥63.6m | CN¥170.6m | CN¥49.1m | CN¥49.1m | CN¥46.8m | CN¥94.1m | CN¥39.5m |
| Gross profit | CN¥5.1m | CN¥20.4m | CN¥35.8m | CN¥17.1m | CN¥15.3m | CN¥5.1m | −CN¥7.6m | CN¥15.1m |
| Operating income | −CN¥14.3m | CN¥34,193 | CN¥12.8m | −CN¥14.9m | −CN¥46.5m | −CN¥29.1m | CN¥75.1m | −CN¥39.8m |
| Net income | −CN¥30.9m | −CN¥14.0m | CN¥32.8m | −CN¥12.2m | −CN¥39.4m | −CN¥25.2m | CN¥65.7m | −CN¥34.2m |
| Diluted earnings per share | -0.27 | -0.12 | 0.28 | -0.11 | -0.34 | -0.22 | 0.56 | -0.29 |
| Cash from operations | — | — | — | −CN¥78.0m | −CN¥15.0m | −CN¥57.0m | CN¥114.0m | −CN¥26.0m |
| Capital spending | — | −CN¥1.0m | −CN¥1.0m | — | — | — | −CN¥3.0m | −CN¥1.0m |
| Free cash flow | — | — | — | — | — | — | CN¥111.0m | −CN¥27.0m |
| Total assets | CN¥1.29bn | CN¥1.27bn | CN¥1.28bn | CN¥1.22bn | CN¥1.13bn | CN¥1.14bn | CN¥1.19bn | CN¥1.17bn |
| Cash and short-term investments | — | — | — | CN¥122.5m | CN¥171.0m | CN¥175.1m | CN¥235.2m | CN¥185.9m |
| Debt | — | CN¥9.9m | CN¥9.9m | CN¥113.0m | CN¥83.0m | CN¥70.4m | CN¥72.5m | CN¥131.6m |
| Shareholders' equity | CN¥733.7m | CN¥770.5m | CN¥780.7m | CN¥744.1m | CN¥752.5m | CN¥792.8m | CN¥818.1m | CN¥752.3m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 23.2% | 20.4% | -13.5% | 62.2% | 61.1% | 66.8% | — |
| Operating margin | -13.9% | -12.2% | -112.9% | 7.0% | 6.5% | 17.6% | — |
| Net margin | -14.0% | -10.9% | -95.3% | 5.8% | 5.7% | 16.9% | — |
| Return on equity | -5.7% | -3.2% | -18.1% | 1.2% | 1.1% | 2.1% | — |
| Return on assets | -3.4% | -2.2% | -13.4% | 1.1% | 1.0% | 1.9% | — |
| Free cash flow yield | -2.7% | 1.1% | -1.8% | 1.1% | -2.8% | -0.6% | — |
| Revenue growth | 31.7% | 45.7% | -24.5% | 7.8% | 61.6% | -48.1% | — |
| Earnings growth | 68.8% | -83.3% | -1338.1% | 10.7% | -46.0% | -74.1% | — |
| Current ratio | 2.20x | 2.61x | 3.21x | 7.85x | 11.64x | 9.76x | — |
| Debt to equity | 0.01x | 0.09x | 0.09x | 0.02x | 0.01x | — | 0.01x |
| Equity ratio | 61.0% | 68.5% | 73.8% | 88.4% | 91.5% | 89.5% | — |
| Interest coverage | -16.86x | -8.62x | -128.87x | 24.44x | 24.64x | 568.49x | — |
| R&D as a share of sales | 7.0% | 12.0% | 22.7% | 21.3% | 24.6% | 37.2% | — |
| Buybacks as a share of market value | -0.1% | 1.3% | -0.3% | 3.6% | -3.5% | -20.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 20.3% | 12.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.0% | 25.1% | 35.0% | 48.6% |
| Operating margin | -6.8% | -22.3% | -13.8% | 6.8% |
| Net margin | -12.6% | -22.9% | -14.4% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -101.2 | -85.7 | -15.3 | 160.8 | 281.9 | 138.9 | 58.4 |
| Price to sales | 14.1 | 9.3 | 14.6 | 9.3 | 15.9 | 23.5 | 19.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.033 | 0.063 |
- 3-for-2 split · 1 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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