C 
40.58
+3.34%
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¥1.33bn
FY2017FY2025
Net income
CN¥7.2m
FY2017FY2025
Free cash flow
−CN¥198.8m
FY2017FY2025
Shareholders' equity
CN¥1.65bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.33bn | CN¥1.14bn | CN¥972.2m | CN¥922.2m | CN¥799.0m | CN¥638.6m | CN¥421.4m | CN¥235.9m | CN¥143.0m |
| Gross profit | CN¥369.5m | CN¥280.6m | CN¥171.2m | CN¥181.0m | CN¥247.0m | CN¥235.7m | CN¥125.5m | CN¥84.3m | CN¥45.6m |
| Research and development | CN¥159.4m | CN¥114.7m | CN¥96.3m | CN¥76.4m | CN¥75.3m | CN¥49.6m | CN¥33.0m | CN¥14.6m | CN¥10.4m |
| Operating income | CN¥18.1m | CN¥81.4m | CN¥12.0m | CN¥35.2m | CN¥106.7m | CN¥134.5m | CN¥72.5m | CN¥46.8m | CN¥15.8m |
| Net income | CN¥7.2m | CN¥80.2m | CN¥23.6m | CN¥42.8m | CN¥100.7m | CN¥117.8m | CN¥63.8m | CN¥40.3m | CN¥14.4m |
| Diluted earnings per share | 0.07 | 0.78 | 0.19 | 0.44 | 1.37 | 2.26 | 0.65 | 0.41 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.14bn | CN¥2.62bn | CN¥2.50bn | CN¥2.24bn | CN¥1.14bn | CN¥741.2m | CN¥456.9m | CN¥256.8m | CN¥131.3m |
| Cash and short-term investments | — | CN¥831.7m | CN¥855.2m | CN¥773.9m | CN¥109.6m | CN¥119.2m | CN¥15.6m | CN¥21.3m | CN¥13.3m |
| Total liabilities | CN¥1.39bn | CN¥952.7m | CN¥856.7m | CN¥610.2m | CN¥518.4m | CN¥223.8m | CN¥150.4m | CN¥87.5m | CN¥84.0m |
| Debt | — | CN¥511.4m | CN¥401.9m | CN¥232.9m | CN¥179.6m | CN¥47.3m | CN¥200,000 | CN¥6.6m | CN¥3.6m |
| Shareholders' equity | CN¥1.65bn | CN¥1.66bn | CN¥1.65bn | CN¥1.63bn | CN¥618.1m | CN¥517.3m | CN¥306.5m | CN¥169.3m | CN¥47.3m |
| Shares outstanding | 98m | 103m | 124m | 97m | 74m | 52m | 98m | 98m | 98m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥54.2m | CN¥142.0m | CN¥75.1m | CN¥4.7m | CN¥45.2m | CN¥52.9m | CN¥53.1m | CN¥81,132 | −CN¥5.2m |
| Capital spending | −CN¥253.0m | −CN¥221.6m | −CN¥105.4m | −CN¥113.8m | −CN¥168.4m | −CN¥80.4m | −CN¥113.9m | −CN¥38.0m | −CN¥12.4m |
| Free cash flow | −CN¥198.8m | −CN¥79.6m | −CN¥30.3m | −CN¥109.1m | −CN¥123.2m | −CN¥27.5m | −CN¥60.8m | −CN¥37.9m | −CN¥17.6m |
| Dividends paid | −CN¥24.3m | −CN¥36.5m | −CN¥13.3m | −CN¥6.2m | −CN¥3.1m | −CN¥484,974 | −CN¥5.0m | −CN¥446,353 | −CN¥130,545 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥496.9m | CN¥333.0m | CN¥380.4m | CN¥396.7m | CN¥314.5m | CN¥233.5m | CN¥330.8m | CN¥326.7m |
| Gross profit | CN¥124.7m | CN¥84.8m | CN¥75.7m | CN¥93.1m | CN¥50.0m | CN¥57.7m | CN¥48.9m | CN¥116.8m |
| Operating income | CN¥35.8m | CN¥9.9m | CN¥1.7m | CN¥3.3m | CN¥3.9m | −CN¥1.3m | CN¥31.2m | CN¥32.9m |
| Net income | CN¥6.6m | −CN¥4.4m | −CN¥4.9m | CN¥660,435 | CN¥9.0m | CN¥2.4m | CN¥26.2m | CN¥32.5m |
| Diluted earnings per share | 0.07 | -0.04 | -0.05 | 0.01 | 0.09 | 0.02 | 0.25 | 0.32 |
| Cash from operations | — | — | — | −CN¥32.0m | CN¥1.0m | CN¥53.0m | CN¥99.0m | −CN¥2.0m |
| Capital spending | −CN¥150.0m | −CN¥21.0m | −CN¥39.0m | −CN¥90.0m | −CN¥65.0m | −CN¥57.0m | −CN¥44.0m | −CN¥56.0m |
| Free cash flow | — | — | — | −CN¥122.0m | −CN¥64.0m | −CN¥4.0m | CN¥55.0m | −CN¥58.0m |
| Total assets | CN¥3.57bn | CN¥3.35bn | CN¥3.14bn | CN¥3.19bn | CN¥2.58bn | CN¥2.70bn | CN¥2.62bn | CN¥2.65bn |
| Cash and short-term investments | — | — | — | CN¥715.3m | CN¥694.3m | CN¥939.8m | CN¥831.7m | CN¥852.2m |
| Debt | CN¥107.8m | CN¥20.0m | — | CN¥905.5m | CN¥419.0m | CN¥555.0m | CN¥446.0m | CN¥506.0m |
| Shareholders' equity | CN¥1.66bn | CN¥1.65bn | CN¥1.65bn | CN¥1.66bn | CN¥1.67bn | CN¥1.67bn | CN¥1.66bn | CN¥1.67bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.9% | 24.5% | 17.6% | 19.6% | 30.9% | 36.9% | — |
| Operating margin | 0.4% | 8.2% | 2.6% | 4.8% | 14.1% | 21.3% | — |
| Net margin | 0.5% | 7.0% | 2.4% | 4.6% | 12.6% | 18.4% | — |
| Return on equity | 0.4% | 4.8% | 1.4% | 2.6% | 16.3% | 22.8% | — |
| Return on assets | 0.2% | 3.1% | 0.9% | 1.9% | 8.9% | 15.9% | — |
| Free cash flow yield | 9.6% | 10.8% | 4.5% | 3.7% | 8.9% | 7.9% | — |
| Revenue growth | 15.7% | 17.8% | 5.4% | 15.4% | 25.1% | 51.5% | — |
| Earnings growth | -91.0% | 239.4% | -44.8% | -57.5% | -14.5% | 84.7% | — |
| Current ratio | 1.10x | 1.71x | 2.08x | 2.83x | 1.16x | 2.15x | — |
| Debt to equity | — | 0.27x | 0.20x | 0.11x | 0.28x | 0.09x | 0.02x |
| Equity ratio | 52.6% | 63.6% | 65.8% | 72.7% | 54.4% | 69.8% | — |
| Interest coverage | 0.34x | 5.89x | 1.88x | 4.74x | 34.84x | 121.94x | — |
| R&D as a share of sales | 12.0% | 10.0% | 9.9% | 8.3% | 9.4% | 7.8% | — |
| Buybacks as a share of market value | 4.9% | 16.9% | -28.3% | -31.6% | -41.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 15.7% | — |
| Operating income | -19.9% | -33.0% | — |
| Net income | -44.7% | -42.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.3% | 23.0% | 25.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | — | 68.3 | 218.5 | 116.6 |
| Price to sales | 3.0 | 4.8 | 5.3 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 9 May 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 0.143 | 0.214 | 0.071 |
- 1-to-1 reverse split · 9 May 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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