Z 
3.64
-1.09%
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¥589.1m
FY2016FY2025
Net income
−CN¥462.3m
FY2016FY2025
Free cash flow
CN¥99.9m
FY2016FY2025
Shareholders' equity
CN¥2.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥589.1m | CN¥447.5m | CN¥408.2m | CN¥219.8m | CN¥233.5m | CN¥186.4m | CN¥101.4m | CN¥808.6m | CN¥821.6m | CN¥1.74bn |
| Research and development | CN¥12.9m | CN¥11.8m | CN¥4.6m | CN¥5.6m | CN¥2.6m | CN¥9.6m | CN¥4.9m | CN¥9.3m | CN¥7.9m | CN¥7.9m |
| Operating income | CN¥8.2m | −CN¥99.2m | CN¥125.9m | CN¥21.8m | CN¥43.3m | CN¥47.0m | CN¥1.42bn | CN¥120.4m | CN¥121.3m | CN¥328.2m |
| Net income | −CN¥462.3m | −CN¥366.9m | CN¥113.3m | −CN¥200.1m | −CN¥29.6m | −CN¥46.8m | CN¥1.23bn | CN¥117.8m | CN¥188.6m | CN¥357.5m |
| Diluted earnings per share | -0.55 | -0.40 | 0.14 | -0.24 | -0.03 | -0.05 | 1.47 | 0.12 | 0.24 | 0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.62bn | CN¥2.99bn | CN¥3.47bn | CN¥3.54bn | CN¥3.64bn | CN¥3.86bn | CN¥4.13bn | CN¥6.99bn | CN¥5.28bn | CN¥4.49bn |
| Cash and short-term investments | — | CN¥685.9m | CN¥1.02bn | CN¥1.21bn | CN¥1.71bn | CN¥2.25bn | CN¥2.07bn | CN¥1.08bn | CN¥898.3m | CN¥242.7m |
| Total liabilities | CN¥424.6m | CN¥434.0m | CN¥502.3m | CN¥579.6m | CN¥237.7m | CN¥481.1m | CN¥523.8m | CN¥4.54bn | CN¥2.97bn | CN¥2.44bn |
| Debt | — | CN¥72.1m | CN¥113.5m | CN¥143.9m | CN¥84.5m | CN¥9.4m | CN¥4.0m | CN¥80.0m | CN¥917.0m | CN¥414.0m |
| Shareholders' equity | CN¥2.18bn | CN¥2.55bn | CN¥2.96bn | CN¥2.93bn | CN¥3.34bn | CN¥3.38bn | CN¥3.61bn | CN¥2.45bn | CN¥2.31bn | CN¥2.05bn |
| Shares outstanding | 834m | 922m | 813m | 818m | 852m | 874m | 832m | 996m | 780m | 907m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥165.3m | CN¥106.4m | CN¥204.8m | CN¥129.3m | −CN¥183.5m | −CN¥21.1m | CN¥893.2m | CN¥162.8m | CN¥624.2m | CN¥1.15bn |
| Capital spending | −CN¥65.4m | −CN¥157.9m | −CN¥92.2m | −CN¥56.9m | −CN¥135.9m | −CN¥2.1m | −CN¥63.4m | −CN¥3.3m | −CN¥5.9m | −CN¥9.3m |
| Free cash flow | CN¥99.9m | −CN¥51.6m | CN¥112.6m | CN¥72.4m | −CN¥319.4m | −CN¥23.2m | CN¥829.8m | CN¥159.5m | CN¥618.2m | CN¥1.14bn |
| Dividends paid | −CN¥19.0m | −CN¥40.8m | −CN¥3.6m | −CN¥1.8m | −CN¥335,369 | −CN¥82.7m | −CN¥67.1m | −CN¥48.4m | −CN¥49.7m | −CN¥127.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥117.5m | CN¥59.8m | CN¥126.2m | CN¥99.4m | CN¥231.5m | CN¥131.7m | CN¥211.9m | CN¥56.7m |
| Operating income | CN¥28.5m | −CN¥13.1m | CN¥20.5m | −CN¥21.1m | CN¥85.6m | −CN¥1.8m | −CN¥185.3m | −CN¥1.9m |
| Net income | CN¥5.8m | −CN¥19.5m | −CN¥528.4m | −CN¥469,177 | CN¥67.5m | −CN¥1.0m | −CN¥460.1m | −CN¥5.1m |
| Diluted earnings per share | 0.01 | -0.02 | -0.63 | -0.00 | 0.08 | -0.00 | -0.50 | -0.01 |
| Cash from operations | — | — | — | CN¥80.0m | CN¥25.0m | CN¥53.0m | — | −CN¥66.0m |
| Capital spending | −CN¥11.0m | −CN¥9.0m | — | −CN¥32.0m | −CN¥12.0m | −CN¥30.0m | −CN¥32.0m | −CN¥61.0m |
| Free cash flow | — | — | — | CN¥48.0m | CN¥13.0m | CN¥23.0m | — | −CN¥127.0m |
| Total assets | CN¥2.71bn | CN¥2.51bn | CN¥2.62bn | CN¥2.99bn | CN¥3.12bn | CN¥2.95bn | CN¥2.99bn | CN¥3.34bn |
| Cash and short-term investments | — | — | — | CN¥722.2m | CN¥683.1m | CN¥661.4m | CN¥685.9m | CN¥539.6m |
| Debt | — | — | — | CN¥82.2m | CN¥71.9m | CN¥71.0m | CN¥71.0m | CN¥74.7m |
| Shareholders' equity | CN¥2.17bn | CN¥2.16bn | CN¥2.18bn | CN¥2.71bn | CN¥2.72bn | CN¥2.55bn | CN¥2.55bn | CN¥3.01bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -81.1% | -73.3% | 31.6% | -50.5% | -39.3% | -14.4% | — | — |
| Net margin | -78.5% | -82.0% | 27.7% | -91.1% | -12.7% | -25.1% | — | — |
| Return on equity | -21.2% | -14.4% | 3.8% | -6.8% | -0.9% | -1.4% | — | — |
| Return on assets | -17.7% | -12.3% | 3.3% | -5.7% | -0.8% | -1.2% | — | — |
| Free cash flow yield | 6.9% | 7.1% | 9.1% | 5.7% | -1.4% | -0.5% | — | — |
| Revenue growth | 31.7% | 9.6% | 85.7% | -5.9% | 25.2% | 83.8% | — | — |
| Earnings growth | 26.0% | -423.9% | -156.6% | 576.7% | -36.9% | -103.8% | — | — |
| Current ratio | 6.40x | 3.54x | 5.74x | 5.61x | 18.01x | 6.82x | — | — |
| Debt to equity | — | 0.03x | 0.03x | 0.03x | 0.00x | — | 0.00x | 0.03x |
| Equity ratio | 83.3% | 85.0% | 85.2% | 82.7% | 91.9% | 87.5% | — | — |
| Interest coverage | -198.00x | -81.43x | 15.49x | -13.64x | -30.88x | -73.13x | — | — |
| R&D as a share of sales | 2.2% | 2.6% | 1.1% | 2.5% | 1.1% | 5.2% | — | — |
| Buybacks as a share of market value | 9.6% | -13.4% | 0.6% | 4.1% | 2.5% | -5.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.9% | 25.9% | -12.9% |
| Operating income | -27.9% | -29.5% | — |
| Net income | 32.2% | 58.1% | -3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.8% | 3.4% | 7.0% | 19.5% |
| Net margin | -80.0% | -55.0% | -47.6% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.5 | -11.4 | 35.8 | -22.3 | -149.8 | -55.3 | 3.0 | 24.3 | 15.7 | 17.9 |
| Price to sales | 6.6 | 9.3 | 9.9 | 20.3 | 19.0 | 13.9 | 36.9 | 3.5 | 3.6 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 13 Nov 2025.
| FY2025 | FY2024 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.097 | 0.077 | 0.075 | 0.04 | 0.03 | 0.05 |
- 1.062-for-1 split · 13 Apr 2007
- 9-for-5 split · 7 Jul 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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