B 
5.65
-9.02%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥310.7m
FY2016FY2025
Net income
−CN¥467.6m
FY2016FY2025
Free cash flow
CN¥87.7m
FY2016FY2025
Shareholders' equity
CN¥949.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥310.7m | CN¥320.3m | CN¥195.2m | CN¥261.3m | CN¥392.8m | CN¥563.5m | CN¥734.0m | CN¥1.25bn | CN¥1.35bn | CN¥1.33bn |
| Research and development | CN¥61.6m | CN¥60.3m | CN¥88.3m | CN¥124.5m | CN¥110.6m | CN¥191.1m | CN¥277.6m | CN¥296.9m | CN¥239.6m | CN¥75.3m |
| Operating income | −CN¥181.8m | −CN¥58.0m | −CN¥1.03bn | −CN¥249.4m | −CN¥164.1m | −CN¥320.2m | CN¥1.50bn | −CN¥64.7m | −CN¥774.4m | CN¥127.2m |
| Net income | −CN¥467.6m | −CN¥96.7m | −CN¥1.05bn | −CN¥350.0m | −CN¥200.7m | −CN¥329.7m | CN¥1.50bn | −CN¥1.47bn | −CN¥2.48bn | CN¥129.8m |
| Diluted earnings per share | -0.74 | -0.15 | -1.67 | -0.55 | -0.32 | -0.44 | 2.38 | -2.34 | -3.94 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.75bn | CN¥1.38bn | CN¥1.25bn | CN¥2.14bn | CN¥2.42bn | CN¥2.73bn | CN¥2.41bn | CN¥2.71bn | CN¥2.98bn | CN¥4.15bn |
| Cash and short-term investments | — | CN¥835.8m | CN¥686.1m | CN¥1.45bn | CN¥1.55bn | CN¥1.77bn | CN¥1.24bn | CN¥1.31bn | CN¥1.30bn | CN¥2.01bn |
| Total liabilities | CN¥802.5m | CN¥760.1m | CN¥831.0m | CN¥741.6m | CN¥739.7m | CN¥997.5m | CN¥1.69bn | CN¥3.48bn | CN¥2.28bn | CN¥919.1m |
| Debt | — | CN¥9.5m | CN¥16.2m | CN¥29.1m | CN¥33.8m | CN¥2.8m | — | — | CN¥20.0m | CN¥210.0m |
| Shareholders' equity | CN¥949.0m | CN¥625.7m | CN¥423.7m | CN¥1.40bn | CN¥1.69bn | CN¥1.74bn | CN¥723.2m | −CN¥770.3m | CN¥708.6m | CN¥3.23bn |
| Shares outstanding | 631m | 633m | 631m | 631m | 631m | 756m | 631m | 631m | 630m | 630m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥127.2m | CN¥133.5m | −CN¥214.6m | −CN¥15.4m | −CN¥121.4m | CN¥597.0m | −CN¥129.7m | −CN¥18.6m | −CN¥1.34bn | CN¥111.2m |
| Capital spending | −CN¥39.6m | −CN¥682,385 | −CN¥5.3m | −CN¥7.5m | −CN¥3.2m | −CN¥8.7m | −CN¥7.8m | −CN¥14.4m | −CN¥51.7m | −CN¥126.9m |
| Free cash flow | CN¥87.7m | CN¥132.8m | −CN¥219.8m | −CN¥22.9m | −CN¥124.6m | CN¥588.3m | −CN¥137.5m | −CN¥33.1m | −CN¥1.39bn | −CN¥15.7m |
| Dividends paid | — | — | — | — | — | — | — | −CN¥50,508 | −CN¥48.2m | −CN¥22.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥106.0m | CN¥458.5m | CN¥118.0m | CN¥127.2m | CN¥24.0m | CN¥41.5m | CN¥127.6m | CN¥67.6m |
| Operating income | −CN¥30.4m | −CN¥42.3m | −CN¥64.1m | −CN¥41.3m | −CN¥66.5m | −CN¥28.7m | −CN¥85.6m | CN¥19.4m |
| Net income | −CN¥64.5m | −CN¥49.8m | −CN¥330.8m | −CN¥41.7m | −CN¥66.6m | −CN¥28.6m | −CN¥125.5m | CN¥20.6m |
| Diluted earnings per share | -0.10 | -0.08 | -0.52 | -0.07 | -0.11 | -0.05 | -0.20 | 0.03 |
| Cash from operations | — | — | — | — | −CN¥217.0m | CN¥637.0m | −CN¥54.0m | −CN¥112.0m |
| Capital spending | −CN¥1.0m | — | −CN¥7.0m | — | — | −CN¥30.0m | — | — |
| Free cash flow | — | — | — | — | — | CN¥607.0m | — | — |
| Total assets | CN¥1.43bn | CN¥1.51bn | CN¥1.75bn | CN¥1.73bn | CN¥1.77bn | CN¥1.88bn | CN¥1.38bn | CN¥1.38bn |
| Cash and short-term investments | — | — | — | CN¥1.11bn | CN¥1.15bn | CN¥1.22bn | CN¥835.8m | CN¥882.0m |
| Debt | — | — | — | CN¥4.6m | CN¥4.8m | CN¥5.6m | CN¥6.5m | CN¥6.5m |
| Shareholders' equity | CN¥842.7m | CN¥899.2m | CN¥949.0m | CN¥1.12bn | CN¥1.16bn | CN¥1.23bn | CN¥625.7m | CN¥722.2m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -150.9% | -29.8% | -536.8% | -133.5% | -50.9% | -57.8% | — |
| Net margin | -150.5% | -30.2% | -538.4% | -133.9% | -51.1% | -58.5% | — |
| Return on equity | -49.3% | -15.5% | -248.1% | -25.0% | -11.9% | -18.9% | — |
| Return on assets | -26.8% | -7.0% | -84.2% | -16.4% | -8.3% | -12.1% | — |
| Free cash flow yield | 5.9% | 4.7% | -7.4% | -0.3% | -4.2% | 17.8% | — |
| Revenue growth | -3.0% | 64.0% | -25.3% | -33.5% | -30.3% | -23.2% | — |
| Earnings growth | 383.5% | -90.8% | 200.3% | 74.4% | -39.1% | -121.9% | — |
| Current ratio | 3.74x | 3.60x | 2.34x | 2.90x | 2.71x | 2.32x | — |
| Debt to equity | — | 0.01x | 0.02x | 0.01x | 0.01x | 0.00x | 0.03x |
| Equity ratio | 54.3% | 45.3% | 33.9% | 65.6% | 69.7% | 63.8% | — |
| Interest coverage | -849.55x | -163.81x | -808.16x | -219.93x | -217.39x | -153.75x | — |
| R&D as a share of sales | 19.8% | 18.8% | 45.2% | 47.7% | 28.2% | 33.9% | — |
| Buybacks as a share of market value | 0.3% | -0.3% | 0.0% | -0.0% | 16.6% | -19.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.9% | -11.2% | -12.6% |
| Operating income | -10.0% | -10.7% | — |
| Net income | 10.1% | 7.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -38.0% | -139.5% | -97.9% | -14.3% |
| Net margin | -89.4% | -180.7% | -122.1% | -59.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.0 | -11.7 | -1.5 | -5.0 | -12.9 | -10.4 | 1.5 | -1.1 | -2.5 | 62.9 |
| Price to sales | 13.5 | 3.5 | 8.2 | 6.7 | 6.6 | 6.1 | 3.0 | 1.3 | 4.6 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2017.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.065 | 0.025 | 0.055 | 0.045 | 0.06 | 0.06 | 0.05 | 0.204 |
- 8-for-5 split · 16 Apr 2010
- 6-for-5 split · 22 Jul 2008
- 6-for-5 split · 8 Jun 2007
- 1.154-for-1 split · 26 Jun 2006
- 2-for-1 split · 18 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.