G 
12.25
-2.47%
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¥517.5m
FY2016FY2025
Net income
−CN¥61.9m
FY2016FY2025
Free cash flow
−CN¥244.9m
FY2016FY2025
Shareholders' equity
CN¥1.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥517.5m | CN¥492.5m | CN¥454.6m | CN¥394.4m | CN¥396.7m | CN¥369.7m | CN¥378.8m | CN¥340.8m | CN¥316.0m | CN¥283.3m |
| Gross profit | CN¥71.4m | CN¥33.4m | CN¥84.1m | CN¥84.7m | CN¥91.5m | CN¥113.9m | CN¥106.8m | CN¥91.5m | CN¥89.3m | CN¥69.9m |
| Research and development | CN¥19.5m | CN¥18.9m | CN¥19.8m | CN¥14.7m | CN¥16.6m | CN¥14.4m | CN¥13.2m | CN¥11.3m | CN¥10.6m | CN¥8.9m |
| Operating income | −CN¥39.7m | −CN¥47.1m | CN¥22.4m | CN¥60.9m | CN¥78.8m | CN¥92.9m | CN¥79.8m | CN¥68.1m | CN¥61.4m | CN¥49.0m |
| Net income | −CN¥61.9m | −CN¥64.5m | CN¥21.5m | CN¥49.6m | CN¥69.2m | CN¥80.1m | CN¥68.8m | CN¥58.7m | CN¥51.5m | CN¥41.5m |
| Diluted earnings per share | -0.64 | -0.68 | 0.22 | 0.51 | 0.72 | 0.77 | 0.97 | 0.61 | 0.54 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.89bn | CN¥1.67bn | CN¥1.47bn | CN¥1.24bn | CN¥940.5m | CN¥784.9m | CN¥321.1m | CN¥234.3m | CN¥197.4m | CN¥149.1m |
| Cash and short-term investments | — | CN¥79.4m | CN¥186.0m | CN¥460.7m | CN¥422.9m | CN¥401.3m | CN¥110.4m | CN¥53.0m | CN¥34.1m | CN¥30.4m |
| Total liabilities | CN¥769.5m | CN¥790.4m | CN¥498.8m | CN¥346.5m | CN¥132.4m | CN¥26.8m | CN¥74.8m | CN¥20.8m | CN¥42.7m | CN¥71.5m |
| Debt | CN¥390.3m | CN¥652.5m | CN¥400.8m | CN¥294.2m | CN¥93.2m | CN¥1.2m | CN¥53.2m | — | CN¥15.0m | CN¥24.0m |
| Shareholders' equity | CN¥1.02bn | CN¥799.9m | CN¥896.2m | CN¥890.3m | CN¥808.1m | CN¥758.1m | CN¥246.3m | CN¥213.5m | CN¥154.8m | CN¥77.6m |
| Shares outstanding | 96m | 94m | 96m | 97m | 96m | 104m | 71m | 96m | 96m | 96m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥78.9m | −CN¥39.9m | CN¥49.7m | CN¥43.6m | CN¥55.1m | CN¥38.3m | CN¥85.6m | CN¥41.6m | CN¥51.3m | CN¥10.6m |
| Capital spending | −CN¥323.8m | −CN¥350.2m | −CN¥364.3m | −CN¥285.7m | −CN¥136.0m | −CN¥22.5m | −CN¥40.7m | −CN¥7.7m | −CN¥22.3m | −CN¥10.3m |
| Free cash flow | −CN¥244.9m | −CN¥390.1m | −CN¥314.6m | −CN¥242.1m | −CN¥80.9m | CN¥15.7m | CN¥44.9m | CN¥33.9m | CN¥29.1m | CN¥255,592 |
| Dividends paid | −CN¥20.8m | −CN¥35.6m | −CN¥19.2m | −CN¥28.8m | −CN¥21.1m | −CN¥1.6m | −CN¥3.6m | −CN¥182,413 | −CN¥1.2m | −CN¥1.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥137.3m | CN¥119.6m | CN¥137.3m | CN¥136.5m | CN¥127.1m | CN¥116.5m | CN¥149.8m | CN¥119.0m |
| Gross profit | CN¥13.1m | CN¥2.1m | CN¥4.2m | CN¥5.6m | CN¥54,485 | CN¥5.8m | CN¥2.1m | CN¥7.7m |
| Operating income | −CN¥4.4m | −CN¥12.9m | −CN¥11.5m | −CN¥17.6m | −CN¥14.9m | −CN¥11.9m | −CN¥28.3m | −CN¥6.1m |
| Net income | −CN¥8.2m | −CN¥8.5m | −CN¥10.8m | −CN¥17.3m | −CN¥22.7m | −CN¥11.1m | −CN¥35.0m | −CN¥12.1m |
| Diluted earnings per share | -0.08 | -0.09 | -0.11 | -0.18 | -0.24 | -0.12 | -0.37 | -0.13 |
| Cash from operations | — | — | — | CN¥33.0m | — | −CN¥20.0m | CN¥10.0m | CN¥1.0m |
| Capital spending | −CN¥52.0m | −CN¥31.0m | −CN¥109.0m | −CN¥176.0m | — | −CN¥38.0m | −CN¥27.0m | −CN¥33.0m |
| Free cash flow | — | — | — | −CN¥143.0m | — | −CN¥58.0m | −CN¥17.0m | −CN¥32.0m |
| Total assets | CN¥1.89bn | CN¥1.86bn | CN¥1.89bn | CN¥1.78bn | CN¥1.68bn | CN¥1.66bn | CN¥1.67bn | CN¥1.70bn |
| Cash and short-term investments | — | — | — | CN¥44.1m | CN¥63.6m | CN¥58.0m | CN¥79.4m | CN¥126.4m |
| Debt | CN¥390.1m | CN¥380.5m | CN¥390.3m | CN¥189.5m | CN¥715.3m | CN¥697.7m | CN¥652.5m | CN¥702.0m |
| Shareholders' equity | CN¥1.01bn | CN¥1.02bn | CN¥1.02bn | CN¥826.7m | CN¥766.1m | CN¥788.9m | CN¥799.9m | CN¥838.7m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.8% | 6.8% | 18.5% | 21.5% | 23.1% | 30.8% |
| Operating margin | -7.6% | -9.3% | 7.0% | 15.5% | 20.3% | 25.5% |
| Net margin | -12.0% | -13.1% | 4.7% | 12.6% | 17.4% | 21.7% |
| Return on equity | -6.1% | -8.1% | 2.4% | 5.6% | 8.6% | 10.6% |
| Return on assets | -3.3% | -3.9% | 1.5% | 4.0% | 7.4% | 10.2% |
| Free cash flow yield | 30.5% | 23.9% | 31.3% | 24.6% | 14.5% | 4.2% |
| Revenue growth | 5.1% | 8.3% | 15.3% | -0.6% | 7.3% | -2.4% |
| Earnings growth | -4.0% | -400.5% | -56.7% | -28.2% | -13.6% | 16.4% |
| Current ratio | 1.10x | 0.89x | 2.86x | 9.21x | 6.21x | 28.24x |
| Debt to equity | 0.38x | 0.82x | 0.45x | 0.33x | 0.12x | 0.00x |
| Equity ratio | 54.0% | 47.9% | 61.1% | 72.0% | 85.9% | 96.6% |
| Interest coverage | -1.58x | -1.94x | 3.18x | 11.09x | 40.37x | 57.67x |
| R&D as a share of sales | 3.8% | 3.8% | 4.4% | 3.7% | 4.2% | 3.9% |
| Buybacks as a share of market value | -1.9% | 1.9% | 1.4% | -1.5% | 8.0% | -47.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.2% | 6.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.4% | 14.7% | 18.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -54.7 | -40.0 | 111.9 | 60.3 | 42.0 | 49.9 |
| Price to sales | 6.9 | 5.5 | 5.4 | 7.7 | 7.4 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.30 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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