N 
3.89
+0.26%
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¥470.4m
FY2016FY2025
Net income
CN¥5.3m
FY2016FY2025
Free cash flow
−CN¥29.7m
FY2016FY2025
Shareholders' equity
CN¥961.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥470.4m | CN¥360.6m | CN¥417.5m | CN¥534.6m | CN¥787.4m | CN¥715.0m | CN¥537.2m | CN¥607.4m | CN¥1.62bn | CN¥3.19bn |
| Gross profit | CN¥73.3m | CN¥41.3m | CN¥44.4m | CN¥56.3m | CN¥75.2m | CN¥24.8m | CN¥37.0m | CN¥36.0m | −CN¥3.5m | CN¥161.7m |
| Research and development | CN¥34.3m | CN¥23.4m | CN¥17.6m | CN¥20.4m | CN¥19.1m | CN¥8.4m | CN¥8.8m | CN¥16.5m | CN¥81.8m | CN¥81.2m |
| Operating income | CN¥3.4m | CN¥7.5m | CN¥21.7m | CN¥34.0m | CN¥57.1m | CN¥47.6m | CN¥28.6m | CN¥31.5m | −CN¥153.9m | CN¥37.3m |
| Net income | CN¥5.3m | CN¥5.1m | CN¥14.0m | CN¥18.2m | CN¥42.9m | CN¥34.3m | CN¥27.9m | CN¥33.1m | −CN¥152.7m | CN¥30.8m |
| Diluted earnings per share | 0.01 | 0.01 | 0.03 | 0.01 | 0.08 | 0.03 | 0.04 | 0.03 | -0.24 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.21bn | CN¥1.20bn | CN¥1.20bn | CN¥1.20bn | CN¥1.23bn | CN¥1.25bn | CN¥1.04bn | CN¥1.05bn | CN¥1.06bn | CN¥1.43bn |
| Cash and short-term investments | — | CN¥762.6m | CN¥827.6m | CN¥744.9m | CN¥574.0m | CN¥494.8m | CN¥529.5m | CN¥264.1m | CN¥106.2m | CN¥220.3m |
| Total liabilities | CN¥182.5m | CN¥170.7m | CN¥135.8m | CN¥153.1m | CN¥213.1m | CN¥297.3m | CN¥134.7m | CN¥172.7m | CN¥216.9m | CN¥436.5m |
| Debt | — | CN¥4.1m | CN¥3.5m | CN¥1.5m | CN¥15.0m | CN¥23.0m | CN¥239,693 | CN¥472,724 | CN¥709,088 | CN¥35.7m |
| Shareholders' equity | CN¥961.7m | CN¥962.3m | CN¥1.01bn | CN¥998.9m | CN¥981.0m | CN¥938.0m | CN¥903.5m | CN¥875.7m | CN¥842.8m | CN¥995.2m |
| Shares outstanding | 609m | 577m | 483m | 1,568m | 555m | 1,118m | 702m | 1,210m | 634m | 908m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥19.6m | −CN¥2.5m | CN¥77.3m | CN¥171.3m | CN¥74.3m | −CN¥137.5m | CN¥18.5m | CN¥76.0m | CN¥46.1m | −CN¥199.0m |
| Capital spending | −CN¥10.2m | −CN¥7.2m | −CN¥6.2m | −CN¥1.3m | −CN¥11.9m | −CN¥5.0m | −CN¥6.9m | −CN¥2.3m | −CN¥2.6m | −CN¥34.0m |
| Free cash flow | −CN¥29.7m | −CN¥9.7m | CN¥71.1m | CN¥170.0m | CN¥62.4m | −CN¥142.5m | CN¥11.6m | CN¥73.8m | CN¥43.5m | −CN¥232.9m |
| Dividends paid | −CN¥39,743 | −CN¥46,325 | −CN¥82,133 | −CN¥446,778 | −CN¥961,130 | −CN¥18,971 | −CN¥8,509 | −CN¥12,764 | −CN¥785,272 | −CN¥714,255 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥143.3m | CN¥121.9m | CN¥141.8m | CN¥102.4m | CN¥130.8m | CN¥95.4m | CN¥149.9m | CN¥70.4m |
| Gross profit | CN¥17.0m | CN¥15.7m | CN¥28.9m | CN¥16.3m | CN¥13.4m | CN¥14.6m | CN¥13.1m | CN¥9.8m |
| Operating income | −CN¥211,126 | CN¥125,676 | CN¥7.2m | −CN¥909,907 | CN¥3.9m | CN¥1.4m | CN¥2.1m | −CN¥2.2m |
| Net income | CN¥1.1m | CN¥2.6m | CN¥1.7m | −CN¥431,771 | CN¥1.9m | CN¥2.1m | CN¥1.0m | −CN¥1.8m |
| Diluted earnings per share | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 |
| Cash from operations | — | — | — | — | −CN¥3.0m | −CN¥11.0m | — | CN¥16.0m |
| Capital spending | −CN¥1.0m | −CN¥3.0m | −CN¥4.0m | −CN¥2.0m | −CN¥1.0m | −CN¥2.0m | — | −CN¥1.0m |
| Free cash flow | — | — | — | — | −CN¥4.0m | −CN¥13.0m | — | CN¥15.0m |
| Total assets | CN¥1.20bn | CN¥1.17bn | CN¥1.21bn | CN¥1.18bn | CN¥1.18bn | CN¥1.17bn | CN¥1.20bn | CN¥1.12bn |
| Cash and short-term investments | — | — | — | CN¥733.9m | CN¥745.5m | CN¥748.4m | CN¥762.6m | CN¥764.3m |
| Debt | — | — | — | CN¥1.0m | — | CN¥4.0m | CN¥3.0m | — |
| Shareholders' equity | CN¥907.6m | CN¥909.3m | CN¥961.7m | CN¥960.0m | CN¥966.4m | CN¥964.4m | CN¥962.3m | CN¥961.4m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 15.6% | 11.5% | 10.6% | 10.5% | 9.6% | 3.5% | — |
| Operating margin | 2.0% | 2.4% | 5.6% | 7.0% | 7.7% | 7.0% | — |
| Net margin | 1.1% | 1.4% | 3.3% | 3.4% | 5.4% | 4.8% | — |
| Return on equity | 0.5% | 0.5% | 1.4% | 1.8% | 4.4% | 3.7% | — |
| Return on assets | 0.4% | 0.4% | 1.2% | 1.5% | 3.5% | 2.7% | — |
| Free cash flow yield | -0.4% | 0.2% | 4.1% | 2.6% | 3.7% | -2.8% | — |
| Revenue growth | 30.4% | -13.6% | -21.9% | -32.1% | 10.1% | 33.1% | — |
| Earnings growth | 2.7% | -63.4% | -23.4% | -57.5% | 25.0% | 22.9% | — |
| Current ratio | 5.47x | 5.77x | 7.43x | 6.40x | 4.62x | 3.35x | — |
| Debt to equity | — | 0.00x | 0.00x | 0.00x | 0.02x | 0.02x | 0.00x |
| Equity ratio | 79.3% | 80.3% | 84.3% | 83.2% | 79.6% | 75.0% | — |
| Interest coverage | 82.58x | 40.36x | 111.81x | 65.52x | 52.60x | 99.41x | — |
| R&D as a share of sales | 7.3% | 6.5% | 4.2% | 3.8% | 2.4% | 1.2% | — |
| Buybacks as a share of market value | -5.6% | -19.3% | 69.2% | -182.7% | 50.4% | -59.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.2% | -8.0% | -13.1% |
| Operating income | -53.7% | -41.1% | -21.8% |
| Net income | -34.0% | -31.3% | -21.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.8% | 12.1% | 9.6% | 6.1% |
| Operating margin | 1.3% | 3.7% | 5.2% | 1.4% |
| Net margin | 1.2% | 2.4% | 3.6% | 1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 485.9 | — | 166.6 | 382.8 | 53.0 | 122.2 | 92.1 | 129.0 | -30.4 | 284.9 |
| Price to sales | 5.4 | 7.5 | 5.6 | 13.1 | 2.9 | 5.9 | 4.8 | 7.0 | 2.9 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2005.
| FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | |
|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.10 | 0.088 | 0.05 | 0.025 |
- 2-for-1 split · 8 Aug 2006
- 1-to-1 reverse split · 6 Apr 2006
- 2-for-1 split · 3 Jun 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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