Y 
42.75
+0.09%
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¥2.27bn
FY2017FY2025
Net income
−CN¥66.9m
FY2017FY2025
Free cash flow
−CN¥159.6m
FY2017FY2025
Shareholders' equity
CN¥2.74bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.27bn | CN¥1.71bn | CN¥1.47bn | CN¥1.56bn | CN¥1.50bn | CN¥1.18bn | CN¥1.06bn | CN¥992.1m | CN¥867.4m |
| Gross profit | CN¥365.9m | CN¥182.7m | CN¥199.9m | CN¥319.8m | CN¥411.5m | CN¥361.8m | CN¥291.4m | CN¥248.4m | CN¥238.3m |
| Research and development | CN¥156.2m | CN¥115.4m | CN¥104.4m | CN¥107.0m | CN¥103.4m | CN¥74.3m | CN¥66.6m | CN¥76.6m | CN¥60.7m |
| Operating income | CN¥12.4m | −CN¥57.2m | −CN¥16.5m | CN¥140.5m | CN¥219.2m | CN¥215.5m | CN¥124.1m | CN¥51.9m | CN¥103.7m |
| Net income | −CN¥66.9m | −CN¥40.0m | CN¥2.1m | CN¥137.5m | CN¥202.2m | CN¥184.2m | CN¥103.3m | CN¥45.5m | CN¥91.2m |
| Diluted earnings per share | -0.28 | -0.17 | 0.01 | 0.58 | 1.14 | 1.04 | 0.44 | 0.19 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.87bn | CN¥3.78bn | CN¥3.77bn | CN¥3.71bn | CN¥1.64bn | CN¥1.35bn | CN¥1.24bn | CN¥1.11bn | CN¥1.05bn |
| Cash and short-term investments | — | CN¥868.6m | CN¥1.11bn | CN¥1.49bn | CN¥98.3m | CN¥162.2m | CN¥237.4m | CN¥95.1m | CN¥36.8m |
| Total liabilities | CN¥1.11bn | CN¥920.6m | CN¥782.3m | CN¥622.6m | CN¥606.5m | CN¥514.4m | CN¥581.7m | CN¥690.4m | CN¥475.4m |
| Debt | — | CN¥28.1m | CN¥62.2m | CN¥28.8m | CN¥207.1m | CN¥189.7m | CN¥268.2m | CN¥72.8m | CN¥83.8m |
| Shareholders' equity | CN¥2.74bn | CN¥2.85bn | CN¥2.98bn | CN¥3.08bn | CN¥1.03bn | CN¥833.9m | CN¥653.2m | CN¥417.9m | CN¥575.2m |
| Shares outstanding | 237m | 233m | 252m | 235m | 178m | 177m | 237m | 237m | 237m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.1m | CN¥87.1m | CN¥74.8m | CN¥191.2m | CN¥162.6m | CN¥159.2m | CN¥162.5m | CN¥86.0m | CN¥103.4m |
| Capital spending | −CN¥162.7m | −CN¥214.9m | −CN¥331.8m | −CN¥501.8m | −CN¥219.3m | −CN¥119.9m | −CN¥80.0m | −CN¥80.3m | −CN¥76.7m |
| Free cash flow | −CN¥159.6m | −CN¥127.9m | −CN¥257.0m | −CN¥310.6m | −CN¥56.7m | CN¥39.3m | CN¥82.5m | CN¥5.7m | CN¥26.7m |
| Dividends paid | −CN¥23.3m | −CN¥23.3m | −CN¥116.9m | −CN¥70.1m | −CN¥9.3m | −CN¥10.0m | −CN¥237.1m | −CN¥102.1m | −CN¥4.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥804.4m | CN¥608.7m | CN¥607.9m | CN¥650.3m | CN¥568.4m | CN¥440.8m | CN¥481.0m | CN¥439.5m |
| Gross profit | CN¥145.8m | CN¥134.3m | CN¥98.2m | CN¥135.6m | CN¥76.2m | CN¥57.8m | −CN¥6.9m | CN¥69.8m |
| Operating income | CN¥4.2m | CN¥32.4m | −CN¥21.8m | CN¥21.9m | CN¥4.1m | −CN¥11.8m | −CN¥62.5m | −CN¥14.7m |
| Net income | −CN¥330,871 | CN¥9.5m | −CN¥78.4m | CN¥22.7m | CN¥11.2m | −CN¥5.2m | −CN¥57.0m | −CN¥6.5m |
| Diluted earnings per share | -0.00 | 0.04 | -0.33 | 0.10 | 0.05 | -0.02 | -0.24 | -0.03 |
| Cash from operations | — | — | — | −CN¥60.0m | CN¥64.0m | −CN¥22.0m | — | CN¥69.0m |
| Capital spending | −CN¥62.0m | −CN¥43.0m | −CN¥40.0m | −CN¥38.0m | −CN¥42.0m | −CN¥40.0m | −CN¥50.0m | −CN¥85.0m |
| Free cash flow | — | — | — | −CN¥98.0m | CN¥22.0m | −CN¥62.0m | — | −CN¥16.0m |
| Total assets | CN¥4.34bn | CN¥4.04bn | CN¥3.87bn | CN¥3.98bn | CN¥3.90bn | CN¥3.77bn | CN¥3.78bn | CN¥3.76bn |
| Cash and short-term investments | — | — | — | CN¥745.8m | CN¥806.1m | CN¥784.7m | CN¥868.6m | CN¥894.5m |
| Debt | — | — | — | CN¥346.3m | CN¥20.6m | CN¥3.2m | CN¥5.7m | CN¥4.3m |
| Shareholders' equity | CN¥2.82bn | CN¥2.80bn | CN¥2.74bn | CN¥2.90bn | CN¥2.86bn | CN¥2.85bn | CN¥2.85bn | CN¥2.93bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.1% | 10.7% | 13.6% | 20.5% | 27.4% | 30.8% |
| Operating margin | 0.5% | -3.3% | -1.1% | 9.0% | 14.6% | 18.3% |
| Net margin | -2.9% | -2.3% | 0.1% | 8.8% | 13.5% | 15.7% |
| Return on equity | -2.4% | -1.4% | 0.1% | 4.5% | 19.5% | 22.1% |
| Return on assets | -1.7% | -1.1% | 0.1% | 3.7% | 12.3% | 13.7% |
| Free cash flow yield | 1.0% | 1.9% | 2.4% | 4.4% | 3.2% | 2.3% |
| Revenue growth | 32.5% | 16.4% | -6.0% | 4.2% | 27.6% | 11.4% |
| Earnings growth | 67.1% | -1967.7% | -98.4% | -32.0% | 9.8% | 78.4% |
| Current ratio | 2.01x | 2.43x | 3.05x | 4.46x | 1.94x | 1.92x |
| Debt to equity | 0.00x | 0.00x | 0.01x | 0.01x | 0.22x | 0.23x |
| Equity ratio | 71.0% | 75.5% | 79.1% | 83.1% | 63.0% | 61.8% |
| Interest coverage | 6.82x | -60.14x | -7.52x | 47.50x | 22.25x | 21.76x |
| R&D as a share of sales | 6.9% | 6.7% | 7.1% | 6.8% | 6.9% | 6.3% |
| Buybacks as a share of market value | -1.5% | 7.2% | -6.8% | -32.4% | -0.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 14.0% | — |
| Operating income | -55.5% | -43.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.8% | 15.2% | 19.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -260.8 | -119.3 | — | 37.5 |
| Price to sales | 7.7 | 2.8 | 4.0 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 17 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.50 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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