G 
37.80
+1.34%
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¥1.72bn
FY2018FY2025
Net income
−CN¥58.6m
FY2018FY2025
Free cash flow
−CN¥174.1m
FY2018FY2025
Shareholders' equity
CN¥1.48bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.72bn | CN¥1.44bn | CN¥1.28bn | CN¥1.33bn | CN¥1.27bn | CN¥838.5m | CN¥756.1m | CN¥588.3m |
| Gross profit | CN¥136.7m | CN¥26.6m | CN¥26.8m | CN¥142.0m | CN¥297.7m | CN¥138.5m | CN¥115.9m | CN¥98.7m |
| Research and development | CN¥49.0m | CN¥38.0m | CN¥36.0m | CN¥40.7m | CN¥40.1m | CN¥26.0m | CN¥22.5m | CN¥17.6m |
| Operating income | −CN¥59.8m | −CN¥41.2m | −CN¥46.0m | CN¥91.6m | CN¥187.4m | CN¥67.1m | CN¥29.8m | CN¥25.0m |
| Net income | −CN¥58.6m | −CN¥38.9m | −CN¥33.0m | CN¥70.3m | CN¥162.8m | CN¥57.6m | CN¥26.2m | CN¥22.9m |
| Diluted earnings per share | -0.35 | -0.19 | -0.17 | 0.41 | 1.27 | 0.34 | 0.16 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.74bn | CN¥2.31bn | CN¥2.07bn | CN¥2.20bn | CN¥1.52bn | CN¥1.14bn | CN¥994.5m | CN¥836.8m |
| Cash and short-term investments | — | CN¥104.8m | CN¥278.5m | CN¥436.6m | CN¥90.6m | CN¥72.1m | CN¥38.8m | CN¥54.3m |
| Total liabilities | CN¥1.26bn | CN¥764.1m | CN¥458.6m | CN¥535.0m | CN¥826.9m | CN¥611.2m | CN¥521.4m | CN¥491.2m |
| Debt | — | CN¥215.8m | CN¥91.1m | CN¥91.9m | CN¥581.8m | CN¥466.1m | CN¥317.6m | CN¥231.6m |
| Shareholders' equity | CN¥1.48bn | CN¥1.54bn | CN¥1.62bn | CN¥1.67bn | CN¥693.6m | CN¥530.8m | CN¥473.1m | CN¥345.6m |
| Shares outstanding | 169m | 203m | 191m | 170m | 128m | 169m | 169m | 169m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥80.7m | −CN¥183.3m | −CN¥30.7m | CN¥13.3m | CN¥22.4m | CN¥104,835 | −CN¥133.0m | −CN¥2.7m |
| Capital spending | −CN¥93.4m | −CN¥163.7m | −CN¥139.7m | −CN¥74.0m | −CN¥89.7m | −CN¥87.9m | −CN¥19.2m | −CN¥9.6m |
| Free cash flow | −CN¥174.1m | −CN¥347.0m | −CN¥170.3m | −CN¥60.6m | −CN¥67.3m | −CN¥87.8m | −CN¥152.1m | −CN¥12.3m |
| Dividends paid | −CN¥13.4m | −CN¥6.9m | −CN¥18.6m | −CN¥25.6m | −CN¥29.6m | −CN¥22.4m | −CN¥16.4m | −CN¥17.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥680.5m | CN¥583.9m | CN¥502.2m | CN¥470.0m | CN¥387.7m | CN¥360.2m | CN¥407.2m | CN¥347.9m |
| Gross profit | CN¥43.3m | CN¥40.4m | CN¥9.5m | CN¥23.5m | −CN¥61,274 | CN¥22.3m | −CN¥3.2m | CN¥4.3m |
| Operating income | CN¥22.7m | CN¥23.1m | −CN¥18.2m | −CN¥9.8m | −CN¥14.1m | CN¥208,410 | −CN¥27.3m | −CN¥21.8m |
| Net income | CN¥12.1m | CN¥9.4m | −CN¥39.3m | −CN¥4.2m | −CN¥13.6m | −CN¥1.5m | −CN¥24.7m | −CN¥17.2m |
| Diluted earnings per share | 0.07 | 0.06 | -0.23 | -0.03 | -0.08 | -0.01 | -0.12 | -0.08 |
| Cash from operations | — | — | — | −CN¥82.0m | CN¥13.0m | −CN¥57.0m | −CN¥11.0m | −CN¥142.0m |
| Capital spending | −CN¥29.0m | −CN¥41.0m | −CN¥6.0m | −CN¥13.0m | −CN¥24.0m | −CN¥49.0m | −CN¥35.0m | −CN¥75.0m |
| Free cash flow | — | — | — | −CN¥95.0m | −CN¥11.0m | −CN¥106.0m | −CN¥46.0m | −CN¥217.0m |
| Total assets | CN¥3.15bn | CN¥2.96bn | CN¥2.74bn | CN¥2.88bn | CN¥2.63bn | CN¥2.45bn | CN¥2.31bn | CN¥2.54bn |
| Cash and short-term investments | — | — | — | CN¥397.5m | CN¥201.3m | CN¥154.8m | CN¥104.8m | CN¥451.3m |
| Debt | — | — | — | CN¥1.06bn | CN¥295.6m | CN¥208.4m | CN¥215.1m | CN¥437.8m |
| Shareholders' equity | CN¥1.50bn | CN¥1.49bn | CN¥1.48bn | CN¥1.52bn | CN¥1.52bn | CN¥1.53bn | CN¥1.54bn | CN¥1.57bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 7.9% | 1.9% | 2.1% | 10.6% | 23.4% | 16.5% | — |
| Operating margin | -3.4% | -2.6% | -2.5% | 7.0% | 17.4% | 11.1% | — |
| Net margin | -3.4% | -2.7% | -2.6% | 5.3% | 12.8% | 6.9% | — |
| Return on equity | -4.0% | -2.5% | -2.0% | 4.2% | 23.5% | 10.9% | — |
| Return on assets | -2.1% | -1.7% | -1.6% | 3.2% | 10.7% | 5.0% | — |
| Free cash flow yield | 0.2% | -0.2% | 1.2% | 1.1% | 1.8% | — | — |
| Revenue growth | 19.7% | 12.6% | -4.3% | 5.0% | 51.6% | 10.9% | — |
| Earnings growth | 50.8% | 17.9% | -146.9% | -56.8% | 182.5% | 120.1% | — |
| Current ratio | 1.22x | 1.54x | 2.61x | 2.77x | 1.43x | 1.54x | — |
| Debt to equity | — | 0.14x | 0.06x | 0.07x | 0.84x | 0.88x | 0.67x |
| Equity ratio | 53.9% | 66.9% | 77.9% | 75.7% | 45.6% | 46.5% | — |
| Interest coverage | -3.09x | -2.55x | -2.30x | 2.93x | 6.55x | 3.41x | — |
| R&D as a share of sales | 2.8% | 2.6% | 2.8% | 3.0% | 3.2% | 3.1% | — |
| Buybacks as a share of market value | 16.7% | -6.3% | -12.5% | -32.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.8% | 15.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.2% | 5.8% | 9.8% | — |
| Operating margin | -3.2% | -1.0% | 2.5% | — |
| Net margin | -3.1% | -1.0% | 2.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -72.5 | -86.3 | -97.0 | 42.2 |
| Price to sales | 2.5 | 2.3 | 2.5 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2023.
| FY2023 | |
|---|---|
| Paid in the year | 0.11 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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