T 
29.64
-1.69%
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¥293.2m
FY2015FY2023
Net income
−CN¥67.9m
FY2015FY2023
Free cash flow
−CN¥39.5m
FY2015FY2023
Shareholders' equity
CN¥1.27bn
FY2015FY2023
Income statement
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥293.2m | CN¥239.9m | CN¥198.2m | CN¥537.0m | CN¥490.1m | CN¥340.6m | CN¥134.6m | CN¥37.8m | CN¥36.8m |
| Research and development | CN¥41.3m | CN¥28.9m | CN¥37.0m | CN¥27.7m | CN¥20.8m | CN¥11.2m | CN¥5.3m | CN¥3.7m | CN¥3.2m |
| Operating income | −CN¥65.1m | −CN¥16.4m | CN¥14.3m | CN¥217.3m | CN¥215.6m | CN¥146.5m | CN¥54.1m | CN¥2.4m | CN¥4.7m |
| Net income | −CN¥67.9m | −CN¥17.4m | CN¥31.0m | CN¥200.2m | CN¥190.3m | CN¥123.8m | CN¥47.0m | CN¥5.6m | CN¥3.9m |
| Diluted earnings per share | -0.68 | -0.17 | 0.30 | 3.12 | 3.30 | 2.15 | 9.39 | 1.11 | 0.78 |
Balance sheet
At each fiscal year end
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.55bn | CN¥1.68bn | CN¥1.63bn | CN¥1.46bn | CN¥449.2m | CN¥286.9m | CN¥68.2m | CN¥27.9m | CN¥19.1m |
| Cash and short-term investments | CN¥433.0m | CN¥490.6m | CN¥644.4m | CN¥637.6m | CN¥128.7m | CN¥35.6m | CN¥14.6m | CN¥10.1m | CN¥9.6m |
| Total liabilities | CN¥284.6m | CN¥348.5m | CN¥263.1m | CN¥94.8m | CN¥112.6m | CN¥45.4m | CN¥37.0m | CN¥19.6m | CN¥13.8m |
| Debt | CN¥18.5m | CN¥32.0m | CN¥15.9m | CN¥6.5m | CN¥41.1m | CN¥7.2m | CN¥15.2m | CN¥13.0m | CN¥9.0m |
| Shareholders' equity | CN¥1.27bn | CN¥1.33bn | CN¥1.37bn | CN¥1.36bn | CN¥336.6m | CN¥241.5m | CN¥31.2m | CN¥8.3m | CN¥5.3m |
| Shares outstanding | 100m | 100m | 103m | 64m | 58m | 58m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥492,100 | −CN¥123.2m | CN¥140.3m | −CN¥109.8m | CN¥370.4m | −CN¥126.2m | CN¥13.2m | −CN¥4.6m | CN¥15.6m |
| Capital spending | −CN¥40.0m | −CN¥116.0m | −CN¥96.3m | −CN¥83.2m | −CN¥108.3m | −CN¥23.3m | −CN¥2.2m | −CN¥600,000 | −CN¥600,000 |
| Free cash flow | −CN¥39.5m | −CN¥239.2m | CN¥44.0m | −CN¥193.0m | CN¥262.1m | −CN¥149.5m | CN¥11.0m | −CN¥5.2m | CN¥15.0m |
| Dividends paid | −CN¥62,600 | −CN¥25.3m | −CN¥23.0m | −CN¥800,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥62.2m | CN¥73.7m | CN¥32.9m | CN¥138.4m | CN¥51.1m | CN¥83.7m | CN¥21.4m | CN¥89.3m |
| Operating income | −CN¥17.9m | −CN¥1.5m | −CN¥4.9m | −CN¥293.3m | −CN¥13.6m | CN¥7.0m | −CN¥9.9m | −CN¥82.8m |
| Net income | −CN¥14.5m | −CN¥3.5m | −CN¥5.2m | −CN¥278.3m | −CN¥10.7m | CN¥6.9m | −CN¥5.7m | −CN¥50.6m |
| Diluted earnings per share | -0.15 | -0.04 | -0.05 | -2.79 | -0.11 | 0.07 | -0.06 | -0.51 |
| Cash from operations | −CN¥7.0m | −CN¥39.0m | −CN¥52.0m | CN¥1.0m | CN¥2.0m | −CN¥24.0m | −CN¥14.0m | CN¥98.0m |
| Capital spending | −CN¥2.0m | −CN¥1.0m | −CN¥1.0m | −CN¥3.0m | −CN¥3.0m | −CN¥5.0m | −CN¥8.0m | −CN¥14.0m |
| Free cash flow | −CN¥9.0m | −CN¥40.0m | −CN¥53.0m | −CN¥2.0m | −CN¥1.0m | −CN¥29.0m | −CN¥22.0m | CN¥84.0m |
| Total assets | — | CN¥1.26bn | CN¥1.37bn | CN¥1.31bn | CN¥1.51bn | CN¥1.50bn | CN¥1.52bn | CN¥1.55bn |
| Cash and short-term investments | — | CN¥185.9m | CN¥259.6m | CN¥291.1m | CN¥335.8m | CN¥335.1m | CN¥411.9m | CN¥433.0m |
| Debt | — | CN¥6.2m | CN¥22.2m | CN¥13.8m | CN¥24.6m | CN¥19.7m | CN¥13.2m | CN¥13.7m |
| Shareholders' equity | — | CN¥957.7m | CN¥961.0m | CN¥965.5m | CN¥1.24bn | CN¥1.25bn | CN¥1.26bn | CN¥1.27bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -32.2% | -204.0% | -23.6% | -2.9% | 17.2% | 43.0% | — |
| Net margin | -35.4% | -201.1% | -23.2% | -7.3% | 15.6% | 37.3% | — |
| Return on equity | -13.1% | -28.8% | -5.4% | -1.3% | 2.3% | 7.3% | — |
| Return on assets | -8.4% | -21.3% | -4.4% | -1.0% | 1.9% | 6.9% | — |
| Free cash flow yield | -1.0% | -0.6% | 1.3% | -0.2% | 6.3% | 0.9% | — |
| Revenue growth | 129.6% | -52.8% | 22.2% | 21.1% | -26.2% | 9.6% | — |
| Earnings growth | -59.6% | 309.8% | 289.7% | -156.2% | -69.0% | 5.2% | — |
| Current ratio | 1.97x | 2.84x | 4.47x | 3.71x | 5.04x | 13.13x | — |
| Debt to equity | 0.00x | 0.01x | 0.01x | 0.00x | 0.00x | — | 0.09x |
| Equity ratio | 63.7% | 73.8% | 81.7% | 79.3% | 83.9% | 93.5% | — |
| Interest coverage | -78.17x | -253.69x | -72.08x | -6.21x | 56.02x | 630.19x | — |
| R&D as a share of sales | 6.4% | 20.1% | 15.6% | 13.8% | 20.4% | 10.5% | — |
| Buybacks as a share of market value | -31.0% | 11.3% | 20.3% | -0.9% | -15.3% | -26.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.3% | -22.3% | 10.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -58.5% | -29.3% | 9.4% | 16.3% |
| Net margin | -80.2% | -38.2% | 3.1% | 10.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Price to earnings | -10.1 | -42.9 | -173.3 | 160.8 | 22.7 |
| Price to sales | 20.3 | 9.9 | 12.6 | 25.1 | 8.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 May 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.30 | 0.231 |
- 13-for-10 split · 27 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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