L 
5.50
0.00%
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¥884.9m
FY2016FY2025
Net income
−CN¥7.9m
FY2016FY2025
Free cash flow
−CN¥200.4m
FY2016FY2025
Shareholders' equity
CN¥1.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥884.9m | CN¥815.8m | CN¥712.8m | CN¥641.0m | CN¥755.8m | CN¥714.4m | CN¥871.5m | CN¥860.6m | CN¥641.9m | CN¥584.9m |
| Research and development | CN¥41.7m | CN¥33.7m | CN¥31.9m | CN¥33.5m | CN¥37.6m | CN¥34.5m | CN¥39.5m | CN¥38.7m | CN¥26.7m | CN¥22.9m |
| Operating income | CN¥13.0m | −CN¥8.5m | CN¥9.3m | CN¥31.6m | CN¥66.6m | CN¥85.1m | CN¥97.9m | CN¥102.0m | CN¥65.0m | CN¥65.0m |
| Net income | −CN¥7.9m | −CN¥3.8m | −CN¥7.1m | CN¥31.3m | CN¥51.4m | CN¥65.3m | CN¥86.0m | CN¥88.8m | CN¥57.3m | CN¥50.5m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | 0.09 | 0.15 | 0.18 | 0.33 | 0.22 | 0.14 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.56bn | CN¥2.26bn | CN¥2.14bn | CN¥2.05bn | CN¥2.01bn | CN¥1.78bn | CN¥1.27bn | CN¥1.17bn | CN¥994.6m | CN¥883.9m |
| Cash and short-term investments | — | CN¥577.7m | CN¥561.0m | CN¥420.6m | CN¥512.8m | CN¥658.9m | CN¥332.2m | CN¥252.9m | CN¥110.7m | CN¥61.2m |
| Total liabilities | CN¥1.14bn | CN¥831.4m | CN¥724.7m | CN¥615.0m | CN¥594.2m | CN¥407.1m | CN¥331.4m | CN¥315.6m | CN¥373.9m | CN¥325.5m |
| Debt | CN¥433.7m | CN¥650.2m | CN¥559.6m | CN¥510.4m | CN¥421.5m | CN¥269.3m | CN¥255.9m | CN¥234.3m | CN¥268.5m | CN¥240.2m |
| Shareholders' equity | CN¥1.41bn | CN¥1.42bn | CN¥1.41bn | CN¥1.43bn | CN¥1.42bn | CN¥1.37bn | CN¥943.6m | CN¥857.6m | CN¥620.7m | CN¥558.4m |
| Shares outstanding | 395m | 340m | 335m | 346m | 333m | 357m | 264m | 395m | 395m | 395m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥13.4m | CN¥128.5m | CN¥149.1m | CN¥50.8m | CN¥55.7m | CN¥67.2m | CN¥117.2m | CN¥72.8m | CN¥75.3m | CN¥1.1m |
| Capital spending | −CN¥213.8m | −CN¥154.2m | −CN¥99.4m | −CN¥180.1m | −CN¥316.9m | −CN¥30.2m | −CN¥29.2m | −CN¥30.5m | −CN¥47.1m | −CN¥137.2m |
| Free cash flow | −CN¥200.4m | −CN¥25.7m | CN¥49.6m | −CN¥129.3m | −CN¥261.3m | CN¥37.0m | CN¥88.0m | CN¥42.3m | CN¥28.2m | −CN¥136.1m |
| Dividends paid | −CN¥21.9m | −CN¥23.7m | −CN¥21.9m | −CN¥3.5m | −CN¥3.5m | −CN¥16.2m | −CN¥15.2m | −CN¥13.8m | −CN¥15.8m | −CN¥16.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥249.6m | CN¥207.9m | CN¥242.0m | CN¥214.2m | CN¥223.3m | CN¥205.5m | CN¥245.3m | CN¥215.4m |
| Operating income | CN¥9.6m | CN¥1.5m | CN¥4.1m | CN¥72,933 | CN¥3.9m | CN¥6.1m | −CN¥4.9m | CN¥354,457 |
| Net income | −CN¥493 | −CN¥3.4m | −CN¥8.2m | −CN¥836,259 | −CN¥556,640 | CN¥1.8m | −CN¥9.0m | CN¥1.3m |
| Diluted earnings per share | -0.00 | -0.01 | -0.02 | -0.00 | -0.00 | 0.00 | -0.03 | 0.00 |
| Cash from operations | — | — | — | CN¥11.0m | −CN¥46.0m | −CN¥3.0m | — | CN¥32.0m |
| Capital spending | −CN¥15.0m | −CN¥43.0m | −CN¥16.0m | −CN¥40.0m | −CN¥64.0m | −CN¥92.0m | −CN¥127.0m | −CN¥5.0m |
| Free cash flow | — | — | — | −CN¥29.0m | −CN¥110.0m | −CN¥95.0m | — | CN¥27.0m |
| Total assets | CN¥2.60bn | CN¥2.66bn | CN¥2.56bn | CN¥2.57bn | CN¥2.45bn | CN¥2.39bn | CN¥2.26bn | CN¥2.25bn |
| Cash and short-term investments | — | — | — | CN¥593.3m | CN¥543.5m | CN¥597.2m | CN¥577.7m | CN¥578.6m |
| Debt | CN¥511.0m | CN¥489.9m | CN¥433.7m | CN¥520.3m | CN¥788.2m | CN¥788.9m | CN¥650.2m | CN¥602.3m |
| Shareholders' equity | CN¥1.41bn | CN¥1.41bn | CN¥1.41bn | CN¥1.42bn | CN¥1.42bn | CN¥1.42bn | CN¥1.42bn | CN¥1.43bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.4% | 2.0% | 1.3% | 7.1% | 9.0% | 12.6% |
| Net margin | -0.9% | -0.5% | -1.0% | 4.9% | 6.8% | 9.1% |
| Return on equity | -0.6% | -0.3% | -0.5% | 2.2% | 3.6% | 4.8% |
| Return on assets | -0.3% | -0.2% | -0.3% | 1.5% | 2.6% | 3.7% |
| Free cash flow yield | 10.3% | 14.9% | 13.4% | 12.0% | 20.1% | 4.9% |
| Revenue growth | 8.5% | 14.5% | 11.2% | -15.2% | 5.8% | -18.0% |
| Earnings growth | 107.9% | -46.6% | -122.6% | -39.0% | -21.3% | -24.1% |
| Current ratio | 1.99x | 2.37x | 2.67x | 4.00x | 3.02x | 3.10x |
| Debt to equity | 0.31x | 0.46x | 0.40x | 0.36x | 0.30x | 0.20x |
| Equity ratio | 55.2% | 62.9% | 65.9% | 69.8% | 70.3% | 77.1% |
| Interest coverage | 0.58x | 0.70x | 0.45x | 3.32x | 5.42x | 5.31x |
| R&D as a share of sales | 4.7% | 4.1% | 4.5% | 5.2% | 5.0% | 4.8% |
| Buybacks as a share of market value | -16.2% | -1.7% | 3.4% | -3.9% | 6.6% | -35.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.3% | 4.4% | 5.1% |
| Operating income | -25.6% | -31.3% | -11.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.3% | 1.5% | 4.4% | 7.1% |
| Net margin | -0.7% | 0.4% | 2.9% | 5.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -338.9 | -482.4 | -347.6 | 65.6 | 55.4 | 81.5 |
| Price to sales | 3.0 | 2.2 | 3.5 | 3.2 | 3.8 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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