F 
8.54
-1.04%
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¥552.9m
FY2016FY2025
Net income
−CN¥63.3m
FY2016FY2025
Free cash flow
−CN¥134.8m
FY2016FY2025
Shareholders' equity
CN¥395.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥552.9m | CN¥243.8m | CN¥302.5m | CN¥510.6m | CN¥495.1m | CN¥502.8m | CN¥433.3m | CN¥528.5m | CN¥553.2m | CN¥433.7m |
| Research and development | CN¥33.4m | CN¥30.5m | CN¥37.1m | CN¥40.3m | CN¥49.5m | CN¥49.1m | CN¥14.4m | CN¥15.8m | CN¥15.6m | CN¥13.3m |
| Operating income | −CN¥56.0m | −CN¥11.0m | CN¥36.3m | CN¥73.4m | CN¥83.7m | CN¥142.6m | CN¥6.1m | CN¥27.7m | CN¥23.9m | −CN¥35.6m |
| Net income | −CN¥63.3m | −CN¥11.7m | CN¥25.4m | CN¥68.0m | CN¥85.5m | CN¥136.7m | CN¥1.9m | CN¥8.0m | CN¥26.1m | −CN¥37.1m |
| Diluted earnings per share | -0.15 | -0.03 | 0.04 | 0.09 | 0.11 | 0.42 | 0.01 | 0.04 | 0.08 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥570.8m | CN¥595.1m | CN¥1.64bn | CN¥1.37bn | CN¥1.56bn | CN¥248.6m | CN¥252.4m | CN¥287.0m | CN¥317.4m | CN¥457.6m |
| Cash and short-term investments | — | CN¥406.6m | CN¥387.7m | CN¥419.5m | CN¥854.3m | CN¥888.1m | CN¥54.4m | CN¥61.8m | CN¥65.7m | CN¥29.5m |
| Total liabilities | CN¥175.2m | CN¥137.9m | CN¥173.2m | CN¥226.7m | CN¥681.9m | CN¥148.9m | CN¥124.7m | CN¥152.4m | CN¥197.7m | CN¥353.9m |
| Debt | — | CN¥6.6m | CN¥18.5m | CN¥22.1m | CN¥24.0m | CN¥10.0m | CN¥20.0m | CN¥30.0m | CN¥58.0m | CN¥58.0m |
| Shareholders' equity | CN¥395.6m | CN¥457.2m | CN¥1.46bn | CN¥1.15bn | CN¥878.0m | CN¥824.8m | CN¥55.2m | CN¥61.2m | CN¥52.4m | CN¥25.0m |
| Shares outstanding | 418m | 432m | 613m | 797m | 760m | 325m | 136m | 223m | 310m | 267m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥132.8m | −CN¥2.2m | CN¥13.5m | CN¥124.2m | CN¥31.3m | CN¥33.8m | CN¥16.7m | CN¥42.7m | −CN¥5.8m | CN¥9.2m |
| Capital spending | −CN¥2.0m | −CN¥1.7m | −CN¥798,997 | −CN¥86,976 | −CN¥936,636 | −CN¥4.4m | −CN¥6.8m | −CN¥11.7m | −CN¥9.3m | −CN¥2.1m |
| Free cash flow | −CN¥134.8m | −CN¥3.9m | CN¥12.7m | CN¥124.2m | CN¥30.4m | CN¥29.5m | CN¥9.9m | CN¥31.0m | −CN¥15.2m | CN¥7.1m |
| Dividends paid | — | — | — | — | — | −CN¥290.0m | −CN¥1.1m | −CN¥2.2m | −CN¥8.0m | −CN¥3.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥194.9m | CN¥142.0m | CN¥237.5m | CN¥129.4m | CN¥132.5m | CN¥53.6m | CN¥51.1m | CN¥55.9m |
| Operating income | −CN¥14.6m | −CN¥15.2m | −CN¥6.7m | −CN¥12.5m | −CN¥22.1m | −CN¥14.0m | −CN¥7.5m | −CN¥7.8m |
| Net income | −CN¥14.3m | −CN¥14.0m | −CN¥18.5m | −CN¥11.5m | −CN¥19.3m | −CN¥14.0m | −CN¥8.4m | −CN¥6.6m |
| Diluted earnings per share | -0.03 | -0.03 | -0.04 | -0.03 | -0.05 | -0.03 | -0.02 | -0.02 |
| Cash from operations | — | — | — | −CN¥33.0m | −CN¥49.0m | −CN¥16.0m | CN¥3.0m | — |
| Capital spending | — | — | −CN¥1.0m | — | — | — | — | −CN¥1.0m |
| Total assets | CN¥558.9m | CN¥552.0m | CN¥570.8m | CN¥575.1m | CN¥606.0m | CN¥581.7m | CN¥595.1m | CN¥634.2m |
| Cash and short-term investments | — | — | — | CN¥302.5m | CN¥338.0m | CN¥387.9m | CN¥406.6m | CN¥377.0m |
| Debt | — | — | — | CN¥3.8m | CN¥6.0m | CN¥3.6m | CN¥5.9m | CN¥3.5m |
| Shareholders' equity | CN¥367.9m | CN¥381.9m | CN¥395.6m | CN¥413.7m | CN¥424.8m | CN¥443.8m | CN¥457.2m | CN¥508.8m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -12.1% | -4.2% | 10.9% | 14.7% | 17.1% | 28.3% | — | — |
| Net margin | -11.5% | -4.8% | 8.4% | 13.3% | 17.3% | 27.2% | — | — |
| Return on equity | -16.0% | -2.6% | 1.7% | 5.9% | 9.7% | 16.6% | — | — |
| Return on assets | -11.1% | -2.0% | 1.6% | 5.0% | 5.5% | 55.0% | — | — |
| Free cash flow yield | -3.5% | -0.0% | 0.3% | 1.8% | 0.5% | 1.3% | — | — |
| Revenue growth | 126.8% | -19.4% | -40.8% | 3.1% | -1.5% | 16.0% | — | — |
| Earnings growth | 442.7% | -145.9% | -62.6% | -20.4% | -37.5% | 7143.5% | — | — |
| Current ratio | 2.91x | 4.09x | 9.85x | 6.24x | 2.33x | 4.49x | — | — |
| Debt to equity | — | — | 0.00x | 0.00x | 0.00x | 0.00x | 0.42x | 0.54x |
| Equity ratio | 69.3% | 76.8% | 89.4% | 83.5% | 56.3% | 331.8% | — | — |
| Interest coverage | -186.23x | -14.25x | 26.61x | 47.29x | 90.13x | 330.25x | — | — |
| R&D as a share of sales | 6.0% | 12.5% | 12.3% | 7.9% | 10.0% | 9.8% | — | — |
| Buybacks as a share of market value | 3.2% | 29.4% | 23.1% | -4.8% | -133.6% | -138.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 1.9% | 0.2% |
| Operating income | — | — | 24.7% |
| Net income | — | — | 9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.4% | 2.7% | 10.3% | 5.6% |
| Net margin | -9.4% | 1.1% | 9.2% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -37.1 | -228.6 | 187.8 | 83.8 | 61.5 | 26.2 | 452.2 | 234.8 | 134.5 | -141.4 |
| Price to sales | 4.3 | 10.9 | 15.8 | 11.2 | 10.6 | 7.1 | 2.0 | 3.6 | 6.3 | 12.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2002.
| FY2002 | FY2001 | |
|---|---|---|
| Paid in the year | 0.03 | 0.05 |
- 1-to-1 reverse split · 6 Jun 2006
- 8-for-5 split · 22 May 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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