A 
30.02
+2.14%
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¥399.0m
FY2016FY2025
Net income
−CN¥88.8m
FY2016FY2025
Free cash flow
CN¥25.1m
FY2016FY2025
Shareholders' equity
CN¥1.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥399.0m | CN¥609.4m | CN¥643.0m | CN¥764.0m | CN¥866.5m | CN¥714.6m | CN¥778.2m | CN¥639.6m | CN¥494.0m | CN¥442.9m |
| Gross profit | CN¥99.1m | CN¥146.1m | CN¥151.2m | CN¥195.8m | CN¥309.2m | CN¥260.2m | CN¥294.7m | CN¥237.2m | CN¥182.0m | CN¥145.0m |
| Research and development | CN¥46.4m | CN¥38.9m | CN¥42.2m | CN¥45.3m | CN¥41.8m | CN¥41.7m | CN¥34.5m | CN¥32.5m | CN¥29.4m | CN¥28.1m |
| Operating income | −CN¥43.9m | CN¥5.3m | CN¥48.2m | CN¥71.8m | CN¥185.0m | CN¥133.9m | CN¥164.6m | CN¥88.2m | CN¥43.9m | CN¥23.5m |
| Net income | −CN¥88.8m | CN¥6.5m | CN¥42.0m | CN¥69.5m | CN¥160.1m | CN¥130.0m | CN¥152.8m | CN¥71.8m | CN¥32.0m | CN¥28.2m |
| Diluted earnings per share | -0.48 | 0.04 | 0.23 | 0.37 | 0.84 | 0.69 | 1.08 | 0.39 | 0.17 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.42bn | CN¥2.57bn | CN¥2.55bn | CN¥2.71bn | CN¥2.48bn | CN¥2.30bn | CN¥1.21bn | CN¥971.0m | CN¥845.8m | CN¥665.8m |
| Cash and short-term investments | — | CN¥362.9m | CN¥412.0m | CN¥547.0m | CN¥744.4m | CN¥702.9m | CN¥320.9m | CN¥210.6m | CN¥226.7m | CN¥139.0m |
| Total liabilities | CN¥427.8m | CN¥538.7m | CN¥511.7m | CN¥720.7m | CN¥516.5m | CN¥487.3m | CN¥610.4m | CN¥531.6m | CN¥489.3m | CN¥411.5m |
| Debt | CN¥48.9m | CN¥114.0m | CN¥76.9m | CN¥125.2m | CN¥18.8m | CN¥12.0m | CN¥118.5m | CN¥73.5m | CN¥107.0m | CN¥85.6m |
| Shareholders' equity | CN¥1.97bn | CN¥2.01bn | CN¥2.01bn | CN¥1.97bn | CN¥1.95bn | CN¥1.80bn | CN¥589.5m | CN¥436.8m | CN¥353.1m | CN¥254.3m |
| Shares outstanding | 185m | 185m | 185m | 186m | 191m | 190m | 141m | 185m | 185m | 185m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥30.8m | CN¥81.6m | CN¥8.3m | −CN¥57.7m | −CN¥20.3m | CN¥71.1m | CN¥98.9m | CN¥77.1m | CN¥64.8m | CN¥49.6m |
| Capital spending | −CN¥5.6m | −CN¥62.6m | −CN¥139.6m | −CN¥70.3m | −CN¥27.4m | −CN¥39.4m | −CN¥35.7m | −CN¥45.4m | −CN¥28.8m | −CN¥10.9m |
| Free cash flow | CN¥25.1m | CN¥19.0m | −CN¥131.3m | −CN¥128.1m | −CN¥47.7m | CN¥31.7m | CN¥63.2m | CN¥31.7m | CN¥36.0m | CN¥38.7m |
| Dividends paid | −CN¥6.5m | −CN¥15.5m | −CN¥4.1m | −CN¥52.7m | −CN¥735,247 | −CN¥3.3m | −CN¥4.7m | −CN¥2.6m | −CN¥4.6m | −CN¥15.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥91.1m | CN¥88.1m | CN¥126.7m | CN¥86.2m | CN¥84.5m | CN¥101.5m | CN¥263.4m | CN¥90.4m |
| Gross profit | CN¥15.5m | CN¥24.5m | CN¥31.2m | CN¥23.5m | CN¥18.2m | CN¥26.2m | CN¥45.8m | CN¥20.9m |
| Operating income | −CN¥19.2m | −CN¥10.0m | −CN¥8.6m | −CN¥14.4m | −CN¥37.7m | −CN¥3.1m | CN¥15.0m | −CN¥9.0m |
| Net income | CN¥1.2m | −CN¥8.7m | −CN¥29.7m | −CN¥24.0m | −CN¥32.7m | −CN¥2.3m | CN¥12.8m | −CN¥8.3m |
| Diluted earnings per share | 0.01 | -0.05 | -0.16 | -0.13 | -0.18 | -0.01 | 0.07 | -0.05 |
| Cash from operations | — | — | — | CN¥14.0m | CN¥16.0m | −CN¥50.0m | — | CN¥6.0m |
| Capital spending | — | −CN¥6.0m | — | — | −CN¥2.0m | −CN¥4.0m | −CN¥7.0m | −CN¥28.0m |
| Free cash flow | — | — | — | — | CN¥14.0m | −CN¥54.0m | — | −CN¥22.0m |
| Total assets | CN¥2.34bn | CN¥2.36bn | CN¥2.42bn | CN¥2.41bn | CN¥2.46bn | CN¥2.54bn | CN¥2.57bn | CN¥2.60bn |
| Cash and short-term investments | — | — | — | CN¥141.3m | CN¥142.0m | CN¥270.9m | CN¥362.9m | CN¥314.3m |
| Debt | CN¥48.9m | CN¥48.9m | CN¥48.9m | CN¥41.7m | CN¥124.7m | CN¥148.6m | CN¥113.6m | CN¥205.5m |
| Shareholders' equity | CN¥1.96bn | CN¥1.96bn | CN¥1.97bn | CN¥1.99bn | CN¥1.97bn | CN¥2.00bn | CN¥2.01bn | CN¥1.99bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.8% | 24.0% | 23.5% | 25.6% | 35.7% | 36.4% |
| Operating margin | -23.3% | 3.0% | 8.3% | 10.6% | 21.8% | 21.6% |
| Net margin | -22.2% | 1.1% | 6.5% | 9.1% | 18.5% | 18.2% |
| Return on equity | -4.5% | 0.3% | 2.1% | 3.5% | 8.2% | 7.2% |
| Return on assets | -3.7% | 0.3% | 1.6% | 2.6% | 6.4% | 5.7% |
| Free cash flow yield | 0.6% | 2.2% | 2.3% | 0.2% | 0.1% | 1.6% |
| Revenue growth | -34.5% | -5.2% | -15.8% | -11.8% | 21.3% | -8.2% |
| Earnings growth | -1468.7% | -84.6% | -39.6% | -56.6% | 23.2% | -14.9% |
| Current ratio | 4.36x | 4.08x | 4.31x | 3.17x | 4.03x | 4.89x |
| Debt to equity | 0.02x | 0.06x | 0.04x | 0.06x | 0.01x | 0.01x |
| Equity ratio | 81.4% | 78.0% | 79.0% | 72.6% | 78.6% | 78.3% |
| Interest coverage | -25.30x | 2.95x | 10.47x | 19.47x | 145.96x | 40.08x |
| R&D as a share of sales | 11.6% | 6.4% | 6.6% | 5.9% | 4.8% | 5.8% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.8% | 2.7% | -0.8% | -34.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.6% | -11.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.3% | 24.5% | 29.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -47.6 | — | 132.7 | 44.8 | 29.4 | 41.5 |
| Price to sales | 10.7 | 8.3 | 8.7 | 4.1 | 5.4 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 12 Dec 2025.
| FY2025 | FY2024 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.015 | 0.076 | 0.286 |
- 7-for-5 split · 14 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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