F 
29.87
-1.61%
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¥238.8m
FY2016FY2025
Net income
−CN¥16.6m
FY2016FY2025
Free cash flow
−CN¥44.1m
FY2016FY2025
Shareholders' equity
CN¥3.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥238.8m | CN¥579.2m | CN¥676.8m | CN¥320.1m | CN¥466.7m | CN¥983.9m | CN¥912.1m | CN¥572.7m | CN¥206.2m | CN¥142.0m |
| Gross profit | CN¥46.8m | CN¥182.5m | CN¥251.5m | CN¥71.2m | CN¥191.9m | CN¥377.4m | CN¥370.5m | CN¥229.0m | CN¥101.1m | CN¥61.0m |
| Research and development | CN¥30.3m | CN¥37.8m | CN¥38.7m | CN¥37.4m | CN¥29.5m | CN¥10.2m | CN¥361,193 | CN¥489,760 | CN¥378,189 | CN¥1.3m |
| Operating income | −CN¥48.1m | CN¥55.4m | CN¥167.9m | CN¥9.5m | CN¥122.2m | CN¥338.3m | CN¥343.9m | CN¥195.2m | CN¥74.2m | CN¥46.5m |
| Net income | −CN¥16.6m | CN¥41.8m | CN¥134.5m | CN¥14.7m | CN¥92.2m | CN¥260.5m | CN¥253.8m | CN¥136.0m | CN¥54.0m | CN¥35.0m |
| Diluted earnings per share | -0.12 | 0.22 | 0.74 | 0.08 | 0.46 | 1.34 | 1.78 | 1.02 | 0.40 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.42bn | CN¥3.67bn | CN¥3.71bn | CN¥3.85bn | CN¥3.88bn | CN¥3.56bn | CN¥1.27bn | CN¥871.7m | CN¥500.0m | CN¥204.0m |
| Cash and short-term investments | — | CN¥2.94bn | CN¥2.94bn | CN¥3.03bn | CN¥2.99bn | CN¥2.94bn | CN¥560.5m | CN¥400.8m | CN¥281.2m | CN¥105.4m |
| Total liabilities | CN¥271.3m | CN¥462.7m | CN¥392.6m | CN¥625.7m | CN¥643.9m | CN¥400.9m | CN¥641.3m | CN¥497.0m | CN¥264.7m | CN¥94.3m |
| Debt | — | CN¥21.7m | CN¥35.5m | CN¥58.5m | CN¥39.8m | CN¥4.5m | −CN¥442.9m | CN¥1.7m | CN¥4.7m | CN¥7.6m |
| Shareholders' equity | CN¥3.12bn | CN¥3.19bn | CN¥3.28bn | CN¥3.20bn | CN¥3.19bn | CN¥3.16bn | CN¥629.4m | CN¥374.7m | CN¥235.3m | CN¥109.8m |
| Shares outstanding | 134m | 187m | 182m | 181m | 199m | 194m | 143m | 134m | 134m | 70m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥30.5m | CN¥126.5m | CN¥32.6m | CN¥17.9m | CN¥55.5m | CN¥78.8m | CN¥175.2m | CN¥138.2m | CN¥117.5m | CN¥109.8m |
| Capital spending | −CN¥13.7m | −CN¥42.3m | −CN¥34.2m | −CN¥22.9m | −CN¥38.2m | −CN¥5.1m | −CN¥27.3m | −CN¥14.0m | −CN¥10.8m | −CN¥13.6m |
| Free cash flow | −CN¥44.1m | CN¥84.2m | −CN¥1.6m | −CN¥4.9m | CN¥17.3m | CN¥73.6m | CN¥147.9m | CN¥124.3m | CN¥106.7m | CN¥96.3m |
| Dividends paid | −CN¥39.6m | −CN¥81.1m | — | −CN¥9.6m | −CN¥72.1m | −CN¥72.1m | −CN¥29,743 | −CN¥172,913 | −CN¥30.3m | −CN¥480,563 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥19.2m | CN¥88.3m | CN¥40.7m | CN¥7.5m | CN¥97.0m | CN¥93.6m | CN¥198.5m | CN¥186.6m |
| Gross profit | CN¥9.7m | CN¥12.4m | CN¥2.5m | −CN¥3.4m | CN¥39.1m | CN¥8.6m | CN¥65.3m | CN¥49.3m |
| Operating income | −CN¥11.9m | −CN¥8.8m | −CN¥18.2m | −CN¥3.6m | CN¥17.7m | −CN¥523,634 | CN¥25.6m | CN¥1.9m |
| Net income | −CN¥8.4m | CN¥4.9m | −CN¥25.2m | −CN¥4.8m | CN¥14.8m | −CN¥1.3m | CN¥19.7m | CN¥1.8m |
| Diluted earnings per share | -0.06 | 0.04 | -0.19 | -0.04 | 0.11 | -0.01 | 0.11 | 0.01 |
| Cash from operations | — | — | — | CN¥47.0m | −CN¥23.0m | −CN¥12.0m | CN¥118.0m | CN¥20.0m |
| Capital spending | — | −CN¥2.0m | −CN¥7.0m | −CN¥2.0m | −CN¥2.0m | — | −CN¥21.0m | −CN¥6.0m |
| Free cash flow | — | — | — | CN¥45.0m | −CN¥25.0m | — | CN¥97.0m | CN¥14.0m |
| Total assets | CN¥3.35bn | CN¥3.38bn | CN¥3.42bn | CN¥3.47bn | CN¥3.47bn | CN¥3.59bn | CN¥3.67bn | CN¥3.64bn |
| Cash and short-term investments | — | — | — | CN¥2.89bn | CN¥2.85bn | CN¥2.92bn | CN¥2.94bn | CN¥2.88bn |
| Debt | — | — | — | CN¥8.7m | CN¥9.3m | CN¥10.6m | CN¥11.4m | CN¥12.9m |
| Shareholders' equity | CN¥3.08bn | CN¥3.13bn | CN¥3.12bn | CN¥3.15bn | CN¥3.15bn | CN¥3.18bn | CN¥3.19bn | CN¥3.17bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 34.1% | 31.5% | 37.2% | 22.2% | 41.1% | 38.4% | — |
| Operating margin | -6.7% | 9.6% | 25.1% | 3.7% | 27.2% | 35.0% | — |
| Net margin | -6.9% | 7.2% | 19.9% | 4.6% | 19.7% | 26.5% | — |
| Return on equity | -0.5% | 1.3% | 4.1% | 0.5% | 2.9% | 8.2% | — |
| Return on assets | -0.5% | 1.1% | 3.6% | 0.4% | 2.4% | 7.3% | — |
| Free cash flow yield | -0.4% | 3.0% | 1.2% | 0.7% | 1.5% | 1.4% | — |
| Revenue growth | -58.8% | -14.4% | 111.5% | -31.4% | -52.6% | 7.9% | — |
| Earnings growth | -139.7% | -68.9% | 813.9% | -84.0% | -64.6% | 2.6% | — |
| Current ratio | 11.80x | 7.74x | 9.85x | 6.11x | 6.13x | 8.82x | — |
| Debt to equity | — | 0.00x | 0.01x | 0.01x | 0.00x | 0.00x | -0.70x |
| Equity ratio | 91.4% | 86.8% | 88.4% | 83.1% | 82.2% | 88.7% | — |
| Interest coverage | -19.97x | 39.00x | 83.17x | 4.92x | 77.38x | 1633.09x | — |
| R&D as a share of sales | 12.7% | 6.5% | 5.7% | 11.7% | 6.3% | 1.0% | — |
| Buybacks as a share of market value | 28.4% | -2.8% | -0.5% | 9.2% | -2.6% | -35.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | -24.7% | 12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.0% | 30.4% | 34.3% | 37.1% |
| Operating margin | 0.9% | 10.2% | 19.8% | 25.6% |
| Net margin | 3.1% | 9.6% | 16.1% | 19.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -215.9 | 124.3 | 52.7 | 456.2 | 130.6 | 36.5 |
| Price to sales | 15.0 | 9.0 | 10.5 | 21.0 | 25.8 | 9.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 26 May 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.21 | 0.21 | 0.429 | 0.05 | 0.376 |
- 7-for-5 split · 17 May 2024
- 19-for-10 split · 6 Apr 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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