T 
14.54
-1.56%
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¥1.78bn
FY2016FY2025
Net income
−CN¥138.1m
FY2016FY2025
Free cash flow
−CN¥95.1m
FY2016FY2025
Shareholders' equity
CN¥3.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.78bn | CN¥1.77bn | CN¥1.94bn | CN¥1.98bn | CN¥1.78bn | CN¥1.32bn | CN¥1.06bn | CN¥781.8m | CN¥606.1m | CN¥380.0m |
| Gross profit | CN¥316.3m | CN¥499.5m | CN¥542.6m | CN¥547.6m | CN¥561.2m | CN¥470.6m | CN¥383.0m | CN¥308.3m | CN¥234.6m | CN¥162.2m |
| Research and development | CN¥207.2m | CN¥176.9m | CN¥207.0m | CN¥249.6m | CN¥236.6m | CN¥143.7m | CN¥111.3m | CN¥89.4m | CN¥64.2m | CN¥54.5m |
| Operating income | — | CN¥61.5m | CN¥113.0m | CN¥48.7m | CN¥102.2m | CN¥139.0m | CN¥117.7m | CN¥108.2m | CN¥61.2m | CN¥45.8m |
| Net income | −CN¥138.1m | CN¥77.5m | CN¥116.7m | CN¥60.8m | CN¥99.0m | CN¥133.8m | CN¥108.3m | CN¥88.2m | CN¥55.1m | CN¥41.1m |
| Diluted earnings per share | -0.27 | 0.30 | 0.31 | 0.16 | 0.22 | 0.32 | 0.36 | 0.17 | 0.11 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.78bn | CN¥4.20bn | CN¥4.04bn | CN¥3.16bn | CN¥2.98bn | CN¥2.74bn | CN¥1.34bn | CN¥1.09bn | CN¥942.6m | CN¥687.7m |
| Cash and short-term investments | — | CN¥1.35bn | CN¥1.44bn | CN¥603.7m | CN¥866.3m | CN¥1.16bn | CN¥186.2m | CN¥103.3m | CN¥253.7m | CN¥344.0m |
| Total liabilities | CN¥1.20bn | CN¥977.2m | CN¥1.44bn | CN¥878.6m | CN¥661.4m | CN¥522.4m | CN¥392.8m | CN¥247.8m | CN¥199.5m | CN¥451.6m |
| Debt | — | CN¥571.5m | CN¥981.3m | CN¥499.2m | CN¥344.9m | CN¥262.4m | CN¥210.0m | CN¥70.0m | CN¥80.4m | CN¥116.7m |
| Shareholders' equity | CN¥3.58bn | CN¥3.22bn | CN¥2.59bn | CN¥2.28bn | CN¥2.30bn | CN¥2.21bn | CN¥944.3m | CN¥836.0m | CN¥737.5m | CN¥233.7m |
| Shares outstanding | 516m | 258m | 380m | 390m | 448m | 422m | 298m | 516m | 516m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥133.6m | CN¥127.5m | CN¥406.3m | −CN¥217.4m | −CN¥231.4m | −CN¥194.2m | −CN¥20.8m | −CN¥44.9m | −CN¥152.5m | −CN¥47.8m |
| Capital spending | −CN¥228.8m | −CN¥212.1m | −CN¥280.0m | −CN¥5.1m | −CN¥30.5m | −CN¥1.2m | −CN¥4.8m | −CN¥111.0m | −CN¥2.7m | −CN¥3.0m |
| Free cash flow | −CN¥95.1m | −CN¥84.6m | CN¥126.3m | −CN¥222.6m | −CN¥261.9m | −CN¥195.4m | −CN¥25.6m | −CN¥155.9m | −CN¥155.1m | −CN¥50.7m |
| Dividends paid | −CN¥31.6m | −CN¥36.5m | −CN¥10.6m | −CN¥40.9m | −CN¥52.9m | −CN¥17.8m | −CN¥9.3m | −CN¥4.6m | −CN¥3.4m | −CN¥3.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥518.1m | CN¥445.8m | CN¥260.6m | CN¥519.6m | CN¥509.8m | CN¥486.8m | CN¥363.7m | CN¥473.9m |
| Gross profit | CN¥122.2m | CN¥115.7m | −CN¥23.5m | CN¥91.2m | CN¥125.7m | CN¥122.9m | CN¥132.2m | CN¥114.7m |
| Operating income | CN¥36.2m | CN¥9.9m | −CN¥174.8m | CN¥5.3m | CN¥17.7m | CN¥30.9m | −CN¥14.1m | CN¥7.9m |
| Net income | CN¥52.5m | CN¥7.5m | −CN¥195.9m | CN¥6.7m | CN¥25.4m | CN¥25.6m | −CN¥7.8m | −CN¥5.9m |
| Diluted earnings per share | 0.10 | 0.01 | -0.38 | 0.01 | 0.05 | 0.05 | -0.03 | -0.02 |
| Cash from operations | — | — | — | CN¥71.0m | CN¥3.0m | −CN¥115.0m | CN¥318.0m | CN¥45.0m |
| Capital spending | −CN¥121.0m | −CN¥36.0m | −CN¥107.0m | — | −CN¥63.0m | −CN¥57.0m | −CN¥37.0m | −CN¥15.0m |
| Free cash flow | — | — | — | — | −CN¥60.0m | −CN¥172.0m | CN¥281.0m | CN¥30.0m |
| Total assets | CN¥4.71bn | CN¥5.02bn | CN¥4.78bn | CN¥4.38bn | CN¥4.13bn | CN¥4.35bn | CN¥4.20bn | CN¥4.38bn |
| Cash and short-term investments | — | — | — | CN¥972.2m | CN¥840.8m | CN¥1.19bn | CN¥1.35bn | CN¥1.26bn |
| Debt | — | — | — | CN¥298.9m | CN¥216.5m | CN¥544.1m | CN¥570.2m | CN¥1.37bn |
| Shareholders' equity | CN¥3.58bn | CN¥3.71bn | CN¥3.58bn | CN¥3.64bn | CN¥3.48bn | CN¥3.33bn | CN¥3.22bn | CN¥2.67bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.8% | 28.3% | 28.0% | 27.7% | 31.6% | 35.8% | — |
| Operating margin | -7.6% | 6.9% | 8.4% | 3.5% | 6.2% | 12.0% | — |
| Net margin | -7.8% | 4.4% | 6.0% | 3.1% | 5.6% | 10.2% | — |
| Return on equity | -3.9% | 2.4% | 4.5% | 2.7% | 4.3% | 6.1% | — |
| Return on assets | -2.9% | 1.8% | 2.9% | 1.9% | 3.3% | 4.9% | — |
| Free cash flow yield | 4.7% | 8.8% | 12.1% | -3.7% | -3.0% | -3.1% | — |
| Revenue growth | 0.6% | -8.8% | -2.0% | 11.2% | 35.0% | 23.8% | — |
| Earnings growth | -278.2% | -33.6% | 91.9% | -38.6% | -26.0% | 23.5% | — |
| Current ratio | 2.43x | 4.93x | 6.00x | 3.03x | 3.95x | 4.84x | — |
| Debt to equity | — | 0.18x | 0.38x | 0.22x | 0.15x | 0.11x | 0.22x |
| Equity ratio | 74.9% | 76.7% | 64.2% | 72.1% | 77.3% | 80.7% | — |
| Interest coverage | -7.18x | 1.99x | 3.25x | 3.41x | 12.64x | 8.18x | — |
| R&D as a share of sales | 11.7% | 10.0% | 10.7% | 12.6% | 13.3% | 10.9% | — |
| Buybacks as a share of market value | -100.0% | 32.0% | 2.6% | 12.8% | -6.1% | -41.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.5% | 6.2% | 19.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.0% | 25.6% | 27.9% | 30.5% |
| Net margin | -1.7% | 1.6% | 3.3% | 5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -76.8 | 52.5 | 44.5 | 83.0 | 83.8 | 68.8 |
| Price to sales | 6.0 | 2.3 | 2.7 | 2.5 | 4.7 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 May 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 | 0.111 |
- 9-for-5 split · 31 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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