Z 
17.25
-1.60%
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¥306.7m
FY2016FY2025
Net income
−CN¥53.6m
FY2016FY2025
Free cash flow
−CN¥1.2m
FY2016FY2025
Shareholders' equity
CN¥545.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥306.7m | CN¥333.0m | CN¥259.9m | CN¥242.8m | CN¥293.2m | CN¥259.6m | CN¥342.9m | CN¥360.6m | CN¥300.6m | CN¥289.4m |
| Gross profit | CN¥55.5m | CN¥48.1m | CN¥30.4m | CN¥16.0m | CN¥66.7m | CN¥91.4m | CN¥126.3m | CN¥114.8m | CN¥99.2m | CN¥103.5m |
| Research and development | CN¥13.8m | CN¥13.4m | CN¥12.8m | CN¥12.7m | CN¥14.5m | CN¥11.1m | CN¥12.9m | CN¥13.9m | CN¥10.7m | CN¥9.1m |
| Operating income | −CN¥21.9m | −CN¥28.1m | −CN¥25.2m | −CN¥30.3m | CN¥8.2m | CN¥40.2m | CN¥71.3m | CN¥59.7m | CN¥49.6m | CN¥66.0m |
| Net income | −CN¥53.6m | −CN¥22.6m | −CN¥23.9m | −CN¥22.5m | CN¥10.6m | CN¥34.5m | CN¥65.6m | CN¥53.5m | CN¥42.9m | CN¥52.7m |
| Diluted earnings per share | -0.36 | -0.15 | -0.16 | -0.15 | 0.07 | 0.57 | 0.60 | 0.36 | 0.29 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥690.3m | CN¥732.4m | CN¥852.4m | CN¥799.4m | CN¥776.9m | CN¥741.0m | CN¥417.6m | CN¥358.5m | CN¥327.5m | CN¥293.4m |
| Cash and short-term investments | — | CN¥138.2m | CN¥231.6m | CN¥210.7m | CN¥257.2m | CN¥337.0m | CN¥109.6m | CN¥70.4m | CN¥68.9m | CN¥50.4m |
| Total liabilities | CN¥145.1m | CN¥133.6m | CN¥231.0m | CN¥154.1m | CN¥94.1m | CN¥43.8m | CN¥47.8m | CN¥54.3m | CN¥76.8m | CN¥85.6m |
| Debt | — | CN¥40.8m | CN¥149.0m | CN¥90.8m | CN¥45.3m | — | CN¥6.0m | CN¥6.0m | CN¥26.0m | CN¥29.0m |
| Shareholders' equity | CN¥545.2m | CN¥598.8m | CN¥621.4m | CN¥645.3m | CN¥682.8m | CN¥697.2m | CN¥369.9m | CN¥304.2m | CN¥250.7m | CN¥207.8m |
| Shares outstanding | 150m | 152m | 147m | 150m | 155m | 61m | 110m | 150m | 150m | 150m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥27.4m | CN¥42.7m | CN¥20.1m | CN¥45.0m | CN¥28.8m | CN¥58.3m | CN¥90.8m | CN¥49.6m | CN¥65.0m | CN¥55.0m |
| Capital spending | −CN¥28.7m | −CN¥29.9m | −CN¥62.2m | −CN¥135.1m | −CN¥128.7m | −CN¥113.7m | −CN¥50.6m | −CN¥26.9m | −CN¥37.4m | −CN¥26.0m |
| Free cash flow | −CN¥1.2m | CN¥12.8m | −CN¥42.0m | −CN¥90.0m | −CN¥100.0m | −CN¥55.4m | CN¥40.3m | CN¥22.6m | CN¥27.6m | CN¥29.1m |
| Dividends paid | −CN¥1.4m | −CN¥3.0m | −CN¥5.2m | −CN¥15.0m | −CN¥25.0m | −CN¥165,667 | −CN¥264,990 | −CN¥800,536 | −CN¥2.6m | −CN¥13.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥85.5m | CN¥71.9m | CN¥69.2m | CN¥86.5m | CN¥76.5m | CN¥74.4m | CN¥73.7m | CN¥92.8m |
| Gross profit | CN¥16.0m | CN¥12.8m | CN¥8.6m | CN¥20.6m | CN¥12.0m | CN¥14.3m | −CN¥682,964 | CN¥23.2m |
| Operating income | −CN¥3.0m | −CN¥4.0m | −CN¥14.8m | −CN¥455,716 | −CN¥5.0m | −CN¥4.0m | −CN¥27.9m | −CN¥138,517 |
| Net income | −CN¥5.9m | −CN¥6.2m | −CN¥44.1m | −CN¥675,342 | −CN¥5.0m | −CN¥3.8m | −CN¥23.5m | CN¥311,554 |
| Diluted earnings per share | -0.04 | -0.04 | -0.29 | -0.00 | -0.03 | -0.03 | -0.15 | 0.00 |
| Cash from operations | — | — | — | CN¥23.0m | CN¥21.0m | −CN¥26.0m | — | CN¥16.0m |
| Capital spending | −CN¥8.0m | −CN¥17.0m | −CN¥8.0m | −CN¥12.0m | — | −CN¥7.0m | — | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥11.0m | — | −CN¥33.0m | — | CN¥12.0m |
| Total assets | CN¥724.9m | CN¥694.7m | CN¥690.3m | CN¥701.4m | CN¥713.4m | CN¥702.4m | CN¥732.4m | CN¥762.8m |
| Cash and short-term investments | — | — | — | CN¥138.6m | CN¥123.1m | CN¥103.4m | CN¥138.2m | CN¥145.7m |
| Debt | — | — | — | CN¥40.6m | CN¥40.0m | CN¥40.0m | CN¥40.0m | CN¥70.0m |
| Shareholders' equity | CN¥533.1m | CN¥539.0m | CN¥545.2m | CN¥589.3m | CN¥590.0m | CN¥594.9m | CN¥598.8m | CN¥622.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 18.1% | 14.5% | 11.7% | 6.6% | 22.7% | 35.2% | — | — |
| Operating margin | -15.1% | -7.5% | -8.7% | -10.6% | 3.6% | 15.2% | — | — |
| Net margin | -17.5% | -6.8% | -9.2% | -9.3% | 3.6% | 13.3% | — | — |
| Return on equity | -9.8% | -3.8% | -3.8% | -3.5% | 1.6% | 4.9% | — | — |
| Return on assets | -7.8% | -3.1% | -2.8% | -2.8% | 1.4% | 4.7% | — | — |
| Free cash flow yield | 1.9% | 2.5% | 2.9% | 6.2% | 5.2% | 14.6% | — | — |
| Revenue growth | -7.9% | 28.1% | 7.0% | -17.2% | 12.9% | -24.3% | — | — |
| Earnings growth | 136.5% | -5.1% | 6.1% | -312.6% | -69.3% | -47.5% | — | — |
| Current ratio | 2.31x | 2.40x | 1.88x | 2.41x | 4.60x | 11.39x | — | — |
| Debt to equity | — | 0.07x | 0.24x | 0.14x | 0.06x | — | 0.02x | 0.02x |
| Equity ratio | 79.0% | 81.8% | 72.9% | 80.7% | 87.9% | 94.1% | — | — |
| Interest coverage | -32.51x | -8.36x | -4.19x | -14.10x | 59.00x | 157.70x | — | — |
| R&D as a share of sales | 4.5% | 4.0% | 4.9% | 5.2% | 5.0% | 4.3% | — | — |
| Buybacks as a share of market value | 1.2% | -3.5% | 2.1% | 3.2% | -154.3% | 44.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 3.4% | 1.7% |
| Operating income | -10.3% | — | — |
| Net income | 33.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 13.1% | 18.2% | 25.5% |
| Operating margin | -7.8% | -9.2% | -3.4% | 6.8% |
| Net margin | -11.9% | -10.7% | -4.6% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -43.8 | -94.2 | -81.4 | -79.9 | 179.3 | 28.7 |
| Price to sales | 7.7 | 6.4 | 7.5 | 7.4 | 6.5 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.10 | 0.167 |
- 3-for-2 split · 9 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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