H 
1.20
+3.45%
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¥222.8m
FY2016FY2025
Net income
−CN¥214.9m
FY2016FY2025
Free cash flow
−CN¥26.3m
FY2016FY2025
Shareholders' equity
CN¥2.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥222.8m | CN¥179.2m | CN¥226.0m | CN¥289.5m | CN¥384.5m | CN¥379.1m | CN¥537.8m | CN¥470.7m | CN¥439.8m | CN¥357.8m |
| Research and development | CN¥5.9m | CN¥4.0m | CN¥3.6m | CN¥4.5m | CN¥5.1m | CN¥5.4m | CN¥5.8m | CN¥7.4m | CN¥2.0m | CN¥4.5m |
| Operating income | CN¥22.7m | CN¥72.8m | CN¥48.1m | −CN¥37.8m | −CN¥109.8m | CN¥26.6m | CN¥25.8m | CN¥56.9m | CN¥57.8m | CN¥74.2m |
| Net income | −CN¥214.9m | CN¥43.6m | CN¥30.4m | −CN¥115.7m | −CN¥90.6m | CN¥30.5m | CN¥19.7m | CN¥10.4m | CN¥17.8m | CN¥16.2m |
| Diluted earnings per share | -0.13 | 0.03 | 0.02 | -0.07 | -0.06 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.28bn | CN¥3.60bn | CN¥3.63bn | CN¥4.02bn | CN¥4.84bn | CN¥4.70bn | CN¥4.78bn | CN¥5.08bn | CN¥4.59bn | CN¥4.16bn |
| Cash and short-term investments | — | CN¥352.1m | CN¥486.3m | CN¥772.8m | CN¥843.7m | CN¥585.0m | CN¥781.3m | CN¥1.10bn | CN¥811.0m | CN¥144.4m |
| Total liabilities | CN¥290.2m | CN¥380.6m | CN¥450.7m | CN¥840.3m | CN¥1.51bn | CN¥1.25bn | CN¥1.33bn | CN¥1.58bn | CN¥933.2m | CN¥1.44bn |
| Debt | CN¥15.5m | CN¥43.8m | CN¥141.7m | CN¥177.0m | CN¥215.8m | CN¥214.7m | CN¥179.0m | CN¥440.6m | CN¥653.0m | CN¥860.3m |
| Shareholders' equity | CN¥2.96bn | CN¥3.21bn | CN¥3.17bn | CN¥3.17bn | CN¥3.31bn | CN¥3.42bn | CN¥3.42bn | CN¥3.42bn | CN¥3.51bn | CN¥2.56bn |
| Shares outstanding | 1,628m | 1,636m | 1,615m | 1,616m | 1,631m | 1,615m | 1,498m | 1,601m | 1,579m | 1,479m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥9.4m | −CN¥4.4m | CN¥52.6m | CN¥67.5m | CN¥261.1m | −CN¥217.5m | CN¥101.2m | CN¥174.0m | CN¥19.1m | CN¥94.6m |
| Capital spending | −CN¥16.9m | −CN¥55.6m | −CN¥23.8m | −CN¥28.9m | −CN¥85.4m | −CN¥128.8m | −CN¥223.0m | −CN¥140.5m | −CN¥160.4m | −CN¥125.4m |
| Free cash flow | −CN¥26.3m | −CN¥60.0m | CN¥28.8m | CN¥38.6m | CN¥175.7m | −CN¥346.3m | −CN¥121.8m | CN¥33.4m | −CN¥141.3m | −CN¥30.8m |
| Dividends paid | −CN¥2.6m | −CN¥5.6m | −CN¥7.8m | −CN¥9.8m | −CN¥12.4m | −CN¥11.0m | −CN¥16.1m | −CN¥30.0m | −CN¥40.5m | −CN¥66.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥96.6m | CN¥50.5m | CN¥90.4m | CN¥55.3m | CN¥25.1m | CN¥51.9m | CN¥53.7m | CN¥40.0m |
| Operating income | −CN¥4.2m | −CN¥10.2m | CN¥60.3m | CN¥5.2m | −CN¥16.5m | −CN¥192,178 | CN¥47.5m | CN¥17.8m |
| Net income | −CN¥14.6m | CN¥17.5m | −CN¥198.8m | CN¥2.2m | −CN¥17.3m | −CN¥1.0m | CN¥34.6m | CN¥3.8m |
| Diluted earnings per share | -0.01 | 0.01 | -0.12 | 0.00 | -0.01 | -0.00 | 0.02 | 0.00 |
| Cash from operations | — | — | — | CN¥15.0m | CN¥21.0m | −CN¥46.0m | — | −CN¥19.0m |
| Capital spending | −CN¥1.0m | −CN¥4.0m | −CN¥4.0m | −CN¥1.0m | −CN¥5.0m | −CN¥5.0m | −CN¥3.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥14.0m | CN¥16.0m | −CN¥51.0m | — | −CN¥26.0m |
| Total assets | CN¥3.22bn | CN¥3.31bn | CN¥3.28bn | CN¥3.48bn | CN¥3.42bn | CN¥3.45bn | CN¥3.60bn | CN¥3.57bn |
| Cash and short-term investments | — | — | — | CN¥370.7m | CN¥294.4m | CN¥298.7m | CN¥352.1m | CN¥327.8m |
| Debt | CN¥15.5m | CN¥15.5m | CN¥15.5m | CN¥14.1m | CN¥43.5m | CN¥70.7m | CN¥43.5m | CN¥102.2m |
| Shareholders' equity | CN¥2.94bn | CN¥2.97bn | CN¥2.96bn | CN¥3.18bn | CN¥3.19bn | CN¥3.20bn | CN¥3.21bn | CN¥3.17bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -86.4% | 36.7% | 21.3% | -34.0% | -26.8% | 18.5% |
| Net margin | -96.5% | 24.3% | 13.4% | -40.0% | -23.6% | 8.1% |
| Return on equity | -7.3% | 1.4% | 1.0% | -3.7% | -2.7% | 0.9% |
| Return on assets | -6.5% | 1.2% | 0.8% | -2.9% | -1.9% | 0.7% |
| Free cash flow yield | 0.4% | 3.0% | 4.5% | 5.7% | 20.2% | -5.2% |
| Revenue growth | 24.4% | -20.7% | -21.9% | -24.7% | 1.4% | -29.5% |
| Earnings growth | -593.1% | 43.6% | -126.2% | 27.8% | -396.5% | 54.7% |
| Current ratio | 4.57x | 3.95x | 4.21x | 2.49x | 2.45x | 2.50x |
| Debt to equity | 0.01x | 0.01x | 0.03x | 0.04x | 0.05x | 0.05x |
| Equity ratio | 90.2% | 89.0% | 87.3% | 78.7% | 68.4% | 72.9% |
| Interest coverage | -49.40x | 8.68x | 4.93x | -8.42x | -7.69x | 6.78x |
| R&D as a share of sales | 2.7% | 2.2% | 1.6% | 1.6% | 1.3% | 1.4% |
| Buybacks as a share of market value | 0.5% | -1.3% | 0.1% | 0.9% | -1.0% | -7.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | -10.1% | -7.3% |
| Operating income | — | -3.2% | — |
| Net income | 22.9% | — | 6.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.8% | 11.5% | 1.3% | 2.4% |
| Net margin | -42.6% | -28.0% | -18.8% | -9.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -18.9 | 126.1 | 140.5 | -49.4 | -46.5 | 132.2 | 194.2 | 380.2 | 414.5 | 492.3 |
| Price to sales | 18.2 | 30.7 | 18.9 | 19.8 | 10.9 | 10.7 | 7.1 | 8.4 | 16.8 | 22.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Apr 2009.
| FY2007 | FY2002 | FY2001 | FY2000 | |
|---|---|---|---|---|
| Paid in the year | 0.08 | 0.04 | 0.04 | 0.027 |
- 5-for-2 split · 9 Oct 2013
- 3-for-2 split · 15 May 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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