I 
12.42
+15.43%
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¥975.2m
FY2016FY2025
Net income
−CN¥250.3m
FY2016FY2025
Free cash flow
−CN¥175.7m
FY2016FY2025
Shareholders' equity
CN¥2.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥975.2m | CN¥971.0m | CN¥858.0m | CN¥947.1m | CN¥1.27bn | CN¥821.0m | CN¥885.4m | CN¥794.6m | CN¥540.6m | CN¥386.9m |
| Gross profit | CN¥60.2m | CN¥167.2m | CN¥283.8m | CN¥298.7m | CN¥474.8m | CN¥276.5m | CN¥293.3m | CN¥271.4m | CN¥215.8m | CN¥162.2m |
| Research and development | CN¥53.1m | CN¥184.6m | CN¥44.2m | CN¥48.3m | CN¥122.7m | CN¥32.0m | CN¥58.9m | CN¥73.3m | CN¥90.3m | CN¥76.0m |
| Operating income | −CN¥294.9m | −CN¥175.1m | CN¥62.7m | CN¥98.3m | CN¥215.2m | CN¥125.9m | CN¥139.7m | CN¥115.6m | CN¥42.7m | CN¥11.8m |
| Net income | −CN¥250.3m | −CN¥132.8m | CN¥36.0m | CN¥82.4m | CN¥205.4m | CN¥110.9m | CN¥130.3m | CN¥122.7m | CN¥46.2m | CN¥10.2m |
| Diluted earnings per share | -0.51 | -0.28 | 0.07 | 0.17 | 0.42 | 0.24 | 0.38 | 0.36 | 0.13 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.15bn | CN¥3.28bn | CN¥3.39bn | CN¥3.34bn | CN¥3.42bn | CN¥2.11bn | CN¥1.59bn | CN¥1.51bn | CN¥1.46bn | CN¥1.09bn |
| Cash and short-term investments | — | CN¥578.9m | CN¥542.4m | CN¥1.01bn | CN¥1.55bn | CN¥874.4m | CN¥562.7m | CN¥331.0m | CN¥575.0m | CN¥431.7m |
| Total liabilities | CN¥1.06bn | CN¥950.0m | CN¥869.2m | CN¥818.7m | CN¥676.9m | CN¥403.8m | CN¥462.1m | CN¥502.8m | CN¥554.8m | CN¥328.5m |
| Debt | CN¥51.9m | CN¥492.6m | CN¥470.1m | CN¥395.5m | CN¥420.9m | CN¥112.0m | CN¥64.9m | CN¥59.8m | CN¥31.9m | CN¥96.5m |
| Shareholders' equity | CN¥2.03bn | CN¥2.29bn | CN¥2.45bn | CN¥2.43bn | CN¥2.52bn | CN¥1.47bn | CN¥951.7m | CN¥820.8m | CN¥699.1m | CN¥654.1m |
| Shares outstanding | 488m | 478m | 521m | 488m | 484m | 458m | 344m | 338m | 345m | 319m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥98.7m | CN¥239.1m | CN¥49.7m | CN¥47.7m | CN¥182.1m | CN¥60.8m | CN¥60.1m | CN¥81.3m | CN¥43.2m | CN¥6.5m |
| Capital spending | −CN¥76.9m | −CN¥218.9m | −CN¥469.1m | −CN¥156.6m | −CN¥155.5m | −CN¥124.4m | −CN¥84.8m | −CN¥64.3m | −CN¥28.7m | −CN¥24.4m |
| Free cash flow | −CN¥175.7m | CN¥20.3m | −CN¥419.4m | −CN¥108.9m | CN¥26.5m | −CN¥63.6m | −CN¥24.7m | CN¥16.9m | CN¥14.5m | −CN¥18.0m |
| Dividends paid | −CN¥6.7m | −CN¥4.5m | −CN¥1.7m | −CN¥268,060 | −CN¥4.8m | −CN¥3.9m | −CN¥4.0m | −CN¥805,162 | −CN¥3.1m | −CN¥4.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥375.3m | CN¥249.7m | CN¥239.4m | CN¥213.3m | CN¥254.0m | CN¥268.5m | CN¥354.2m | CN¥224.3m |
| Gross profit | CN¥73.3m | CN¥84.7m | −CN¥36.9m | CN¥47.7m | −CN¥17.9m | CN¥67.3m | −CN¥35.8m | CN¥78.1m |
| Operating income | CN¥21.3m | CN¥33.6m | −CN¥127.7m | −CN¥108.1m | −CN¥89.1m | CN¥17.2m | −CN¥178.4m | CN¥16.6m |
| Net income | CN¥11.2m | CN¥15.0m | −CN¥99.5m | −CN¥92.6m | −CN¥70.6m | CN¥12.4m | −CN¥134.1m | CN¥17.0m |
| Diluted earnings per share | 0.02 | 0.03 | -0.20 | -0.19 | -0.14 | 0.03 | -0.28 | 0.04 |
| Cash from operations | — | — | — | CN¥40.0m | −CN¥127.0m | CN¥25.0m | — | CN¥55.0m |
| Capital spending | −CN¥33.0m | −CN¥12.0m | −CN¥12.0m | −CN¥25.0m | −CN¥29.0m | −CN¥9.0m | −CN¥29.0m | −CN¥26.0m |
| Free cash flow | — | — | — | CN¥15.0m | −CN¥156.0m | CN¥16.0m | — | CN¥29.0m |
| Total assets | CN¥2.97bn | CN¥3.03bn | CN¥3.15bn | CN¥3.04bn | CN¥3.07bn | CN¥3.19bn | CN¥3.28bn | CN¥3.33bn |
| Cash and short-term investments | — | — | — | CN¥456.1m | CN¥402.1m | CN¥515.8m | CN¥578.9m | CN¥484.8m |
| Debt | CN¥38.5m | CN¥37.7m | CN¥51.9m | CN¥323.5m | CN¥214.8m | CN¥164.0m | CN¥168.2m | CN¥192.3m |
| Shareholders' equity | CN¥2.06bn | CN¥2.03bn | CN¥2.03bn | CN¥2.11bn | CN¥2.20bn | CN¥2.24bn | CN¥2.29bn | CN¥2.43bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.2% | 17.2% | 33.1% | 31.5% | 37.3% | 33.7% |
| Operating margin | -30.2% | -17.8% | 8.2% | 11.3% | 18.1% | 15.3% |
| Net margin | -25.7% | -13.7% | 4.2% | 8.7% | 16.1% | 13.5% |
| Return on equity | -12.3% | -5.8% | 1.5% | 3.4% | 8.2% | 7.5% |
| Return on assets | -7.9% | -4.1% | 1.1% | 2.5% | 6.0% | 5.3% |
| Free cash flow yield | -0.5% | 9.9% | 10.3% | 4.3% | 7.2% | 4.2% |
| Revenue growth | 0.4% | 13.2% | -9.4% | -25.6% | 55.0% | -7.3% |
| Earnings growth | 88.4% | -469.4% | -56.4% | -59.9% | 85.1% | -14.9% |
| Current ratio | 1.76x | 2.49x | 2.92x | 4.49x | 8.01x | 4.13x |
| Debt to equity | 0.03x | 0.07x | 0.05x | 0.01x | 0.01x | 0.03x |
| Equity ratio | 64.5% | 69.7% | 72.2% | 72.8% | 73.7% | 69.9% |
| Interest coverage | -13.30x | -8.03x | 3.72x | 5.38x | 12.17x | 21.04x |
| R&D as a share of sales | 5.4% | 19.0% | 5.2% | 5.1% | 9.6% | 3.9% |
| Buybacks as a share of market value | -2.2% | 8.2% | -6.7% | -0.8% | -5.6% | -33.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.0% | 3.5% | 10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.7% | 21.6% | 26.7% | 29.9% |
| Operating margin | -24.1% | -8.2% | 0.6% | 4.5% |
| Net margin | -19.7% | -7.1% | 0.9% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -18.9 | -40.7 | 199.1 | 65.3 | 44.0 | 76.0 |
| Price to sales | 4.8 | 5.6 | 8.3 | 5.7 | 7.1 | 10.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-2 split · 25 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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