V 
6.51
-1.21%
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¥1.42bn
FY2016FY2025
Net income
−CN¥96.7m
FY2016FY2025
Free cash flow
−CN¥154.0m
FY2016FY2025
Shareholders' equity
CN¥1.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.42bn | CN¥1.53bn | CN¥1.67bn | CN¥2.33bn | CN¥2.08bn | CN¥1.74bn | CN¥1.65bn | CN¥1.60bn | CN¥1.60bn | CN¥1.85bn |
| Research and development | CN¥118.2m | CN¥124.6m | CN¥87.3m | CN¥77.8m | CN¥101.5m | CN¥84.5m | CN¥68.5m | CN¥64.0m | CN¥51.1m | CN¥23.2m |
| Operating income | −CN¥22.7m | −CN¥37.4m | −CN¥166.3m | −CN¥81.9m | −CN¥95.0m | CN¥55.0m | −CN¥59.1m | CN¥86.1m | CN¥27.9m | −CN¥80.2m |
| Net income | −CN¥96.7m | −CN¥28.7m | −CN¥120.3m | −CN¥104.9m | −CN¥127.2m | CN¥49.1m | −CN¥64.1m | CN¥54.6m | CN¥16.0m | −CN¥51.0m |
| Diluted earnings per share | -0.18 | -0.04 | -0.23 | -0.20 | -0.27 | 0.12 | -0.16 | 0.13 | 0.03 | -0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.87bn | CN¥2.92bn | CN¥3.24bn | CN¥3.49bn | CN¥4.03bn | CN¥3.17bn | CN¥2.72bn | CN¥2.47bn | CN¥2.72bn | CN¥1.05bn |
| Cash and short-term investments | — | CN¥531.8m | CN¥584.6m | CN¥726.5m | CN¥845.1m | CN¥521.7m | CN¥422.4m | CN¥214.9m | CN¥248.2m | CN¥165.0m |
| Total liabilities | CN¥1.24bn | CN¥1.18bn | CN¥1.45bn | CN¥1.59bn | CN¥2.05bn | CN¥1.74bn | CN¥1.39bn | CN¥1.10bn | CN¥1.32bn | CN¥489.1m |
| Debt | — | CN¥119.9m | CN¥115.4m | CN¥261.0m | CN¥502.0m | CN¥529.6m | CN¥320.4m | CN¥229.0m | CN¥354.0m | CN¥227.0m |
| Shareholders' equity | CN¥1.66bn | CN¥1.76bn | CN¥1.80bn | CN¥1.89bn | CN¥1.99bn | CN¥1.42bn | CN¥1.36bn | CN¥1.40bn | CN¥1.41bn | CN¥550.5m |
| Shares outstanding | 529m | 714m | 517m | 523m | 478m | 421m | 404m | 411m | 478m | 336m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥33.3m | CN¥25.1m | CN¥360.4m | CN¥281.0m | −CN¥235.8m | CN¥29.6m | −CN¥60.4m | −CN¥17.2m | −CN¥55.4m | CN¥22.6m |
| Capital spending | −CN¥120.7m | −CN¥153.8m | −CN¥202.8m | −CN¥163.8m | −CN¥316.9m | −CN¥344.0m | −CN¥136.7m | −CN¥346.0m | −CN¥62.3m | −CN¥11.0m |
| Free cash flow | −CN¥154.0m | −CN¥128.7m | CN¥157.6m | CN¥117.2m | −CN¥552.7m | −CN¥314.4m | −CN¥197.1m | −CN¥363.3m | −CN¥117.7m | CN¥11.6m |
| Dividends paid | −CN¥2.6m | −CN¥3.6m | −CN¥7.6m | −CN¥24.7m | −CN¥26.1m | −CN¥10.9m | −CN¥15.1m | −CN¥17.5m | −CN¥16.1m | −CN¥22.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥472.9m | CN¥364.8m | CN¥388.1m | CN¥390.6m | CN¥364.1m | CN¥273.8m | CN¥427.3m | CN¥418.4m |
| Operating income | CN¥5.9m | −CN¥17.8m | CN¥11.9m | −CN¥18.2m | −CN¥24.2m | −CN¥19.0m | −CN¥33.8m | CN¥6.6m |
| Net income | −CN¥12.1m | −CN¥25.2m | −CN¥37.3m | −CN¥20.2m | −CN¥22.6m | −CN¥16.5m | −CN¥29.2m | CN¥7.8m |
| Diluted earnings per share | -0.02 | -0.05 | -0.07 | -0.04 | -0.04 | -0.03 | -0.04 | 0.01 |
| Cash from operations | — | — | — | CN¥71.0m | −CN¥9.0m | CN¥5.0m | CN¥15.0m | −CN¥16.0m |
| Capital spending | −CN¥11.0m | −CN¥15.0m | — | −CN¥57.0m | −CN¥34.0m | −CN¥33.0m | — | −CN¥68.0m |
| Free cash flow | — | — | — | CN¥14.0m | −CN¥43.0m | −CN¥28.0m | — | −CN¥84.0m |
| Total assets | CN¥2.85bn | CN¥2.91bn | CN¥2.87bn | CN¥2.78bn | CN¥2.82bn | CN¥2.77bn | CN¥2.92bn | CN¥3.07bn |
| Cash and short-term investments | — | — | — | CN¥397.4m | CN¥475.1m | CN¥563.9m | CN¥531.8m | CN¥601.0m |
| Debt | — | — | — | CN¥403.8m | CN¥100.1m | CN¥126.1m | CN¥116.1m | CN¥140.1m |
| Shareholders' equity | CN¥1.63bn | CN¥1.64bn | CN¥1.66bn | CN¥1.70bn | CN¥1.72bn | CN¥1.75bn | CN¥1.76bn | CN¥1.80bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -7.1% | -1.7% | -8.4% | -3.1% | -4.3% | 3.4% | — |
| Net margin | -6.8% | -1.9% | -7.2% | -4.5% | -6.1% | 2.8% | — |
| Return on equity | -5.8% | -1.6% | -6.7% | -5.6% | -6.4% | 3.5% | — |
| Return on assets | -3.4% | -1.0% | -3.7% | -3.0% | -3.2% | 1.5% | — |
| Free cash flow yield | 2.1% | 3.2% | 13.9% | 10.9% | 2.2% | 11.4% | — |
| Revenue growth | -7.3% | -8.6% | -28.1% | 12.0% | 18.9% | 6.1% | — |
| Earnings growth | 236.9% | -76.1% | 14.7% | -17.5% | -358.8% | -176.7% | — |
| Current ratio | 1.27x | 1.25x | 1.19x | 1.35x | 1.30x | 1.15x | — |
| Debt to equity | — | 0.07x | 0.07x | 0.16x | 0.24x | 0.15x | 0.26x |
| Equity ratio | 58.0% | 60.4% | 55.5% | 54.1% | 49.2% | 44.9% | — |
| Interest coverage | -18.38x | -5.48x | -14.09x | -2.83x | -3.13x | 5.26x | — |
| R&D as a share of sales | 8.3% | 8.2% | 5.2% | 3.3% | 4.9% | 4.8% | — |
| Buybacks as a share of market value | 25.9% | -38.1% | 1.2% | -9.6% | -13.6% | -4.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.2% | -4.1% | 6.5% |
| Operating income | -34.7% | — | -3.2% |
| Net income | -2.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.0% | -4.4% | -3.2% | -2.2% |
| Net margin | -4.3% | -5.1% | -4.0% | -2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.9 | -149.5 | -31.3 | -73.7 | -30.9 | 62.7 | -42.6 | 43.4 | 231.3 | -82.3 |
| Price to sales | 2.7 | 2.8 | 2.3 | 3.3 | 1.9 | 1.8 | 1.7 | 1.5 | 2.3 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2016.
| FY2016 | FY2014 | FY2012 | FY2011 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.03 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
- 1-to-1 reverse split · 21 Jun 2006
- 2-for-1 split · 30 Mar 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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