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5.96
-0.17%
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¥337.2m
FY2016FY2025
Net income
−CN¥143.9m
FY2016FY2025
Free cash flow
−CN¥32.5m
FY2016FY2025
Shareholders' equity
CN¥498.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥337.2m | CN¥446.4m | CN¥506.9m | CN¥1.05bn | CN¥1.68bn | CN¥1.26bn | CN¥541.7m | CN¥747.2m | CN¥704.1m | CN¥571.3m |
| Gross profit | CN¥57.5m | CN¥27.0m | CN¥63.1m | CN¥102.4m | CN¥172.9m | CN¥280.2m | CN¥42.3m | CN¥200.8m | CN¥147.8m | CN¥81.3m |
| Research and development | CN¥19.5m | CN¥23.3m | CN¥34.0m | CN¥32.2m | CN¥33.3m | CN¥30.8m | CN¥39.4m | CN¥35.5m | CN¥24.8m | CN¥29.5m |
| Operating income | −CN¥89.3m | −CN¥161.3m | −CN¥196.4m | −CN¥113.3m | −CN¥94.6m | CN¥135.2m | −CN¥148.9m | CN¥20.0m | −CN¥21.2m | CN¥55.3m |
| Net income | −CN¥143.9m | −CN¥153.4m | −CN¥196.1m | −CN¥113.5m | −CN¥94.7m | CN¥141.4m | −CN¥164.6m | CN¥28.4m | −CN¥6.3m | CN¥59.0m |
| Diluted earnings per share | -0.42 | -0.44 | -0.57 | -0.34 | -0.26 | 0.41 | -0.49 | 0.07 | -0.02 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥886.9m | CN¥1.11bn | CN¥1.31bn | CN¥1.54bn | CN¥2.14bn | CN¥2.11bn | CN¥1.45bn | CN¥1.70bn | CN¥1.66bn | CN¥1.64bn |
| Cash and short-term investments | — | CN¥291.3m | CN¥274.2m | CN¥282.2m | CN¥607.8m | CN¥459.5m | CN¥379.2m | CN¥312.5m | CN¥301.1m | CN¥418.0m |
| Total liabilities | CN¥376.0m | CN¥422.9m | CN¥461.8m | CN¥473.5m | CN¥951.2m | CN¥815.4m | CN¥308.7m | CN¥382.4m | CN¥373.6m | CN¥357.8m |
| Debt | — | CN¥43.1m | CN¥25.1m | CN¥65.2m | CN¥389.0m | CN¥285.3m | CN¥26.7m | CN¥24.8m | CN¥27.7m | CN¥25.7m |
| Shareholders' equity | CN¥498.0m | CN¥652.8m | CN¥798.5m | CN¥1.00bn | CN¥1.10bn | CN¥1.21bn | CN¥1.07bn | CN¥1.24bn | CN¥1.21bn | CN¥1.22bn |
| Shares outstanding | 345m | 346m | 346m | 338m | 364m | 349m | 333m | 380m | 346m | 334m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥32.3m | CN¥1.6m | −CN¥20.5m | CN¥24.3m | CN¥94.2m | −CN¥320.4m | −CN¥65.6m | −CN¥84.6m | −CN¥27.9m | −CN¥51.9m |
| Capital spending | −CN¥221,193 | −CN¥5.7m | −CN¥1.9m | −CN¥1.9m | −CN¥2.6m | −CN¥3.8m | −CN¥5.4m | −CN¥40.3m | −CN¥29.6m | −CN¥33.7m |
| Free cash flow | −CN¥32.5m | −CN¥4.1m | −CN¥22.4m | CN¥22.4m | CN¥91.6m | −CN¥324.2m | −CN¥71.1m | −CN¥125.0m | −CN¥57.5m | −CN¥85.5m |
| Dividends paid | −CN¥1.4m | −CN¥8.5m | −CN¥1.0m | −CN¥7.4m | −CN¥17.3m | −CN¥10.6m | −CN¥1.3m | −CN¥856,950 | −CN¥1.1m | −CN¥1.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥70.6m | CN¥85.7m | CN¥78.4m | CN¥74.0m | CN¥87.0m | CN¥97.9m | CN¥101.8m | CN¥109.5m |
| Gross profit | CN¥12.5m | CN¥15.8m | CN¥7.9m | CN¥20.0m | CN¥10.4m | CN¥19.2m | −CN¥29.9m | CN¥20.8m |
| Operating income | −CN¥14.9m | −CN¥15.7m | −CN¥33.4m | −CN¥38.9m | −CN¥5.5m | −CN¥5.9m | −CN¥107.5m | −CN¥22.2m |
| Net income | −CN¥19.6m | −CN¥20.6m | −CN¥97.9m | −CN¥37.5m | −CN¥3.9m | −CN¥4.6m | −CN¥105.7m | −CN¥20.4m |
| Diluted earnings per share | -0.06 | -0.06 | -0.28 | -0.11 | -0.01 | -0.01 | -0.31 | -0.06 |
| Cash from operations | — | — | — | −CN¥18.0m | −CN¥8.0m | −CN¥33.0m | CN¥24.0m | −CN¥1.0m |
| Capital spending | — | — | — | — | — | — | −CN¥3.0m | — |
| Free cash flow | — | — | — | — | — | — | CN¥21.0m | — |
| Total assets | CN¥817.8m | CN¥835.1m | CN¥886.9m | CN¥989.1m | CN¥1.03bn | CN¥1.09bn | CN¥1.11bn | CN¥1.27bn |
| Cash and short-term investments | — | — | — | CN¥237.9m | CN¥250.0m | CN¥264.4m | CN¥291.3m | CN¥272.4m |
| Debt | CN¥11.5m | CN¥11.8m | — | CN¥50.2m | CN¥42.4m | CN¥42.3m | CN¥41.5m | CN¥42.3m |
| Shareholders' equity | CN¥467.9m | CN¥484.6m | CN¥498.0m | CN¥593.4m | CN¥629.1m | CN¥643.9m | CN¥652.8m | CN¥752.8m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.0% | 6.1% | 12.4% | 9.7% | 10.3% | 22.3% | — |
| Operating margin | -48.1% | -36.1% | -39.3% | -10.8% | -4.5% | 12.4% | — |
| Net margin | -42.7% | -34.4% | -38.7% | -10.8% | -5.6% | 11.3% | — |
| Return on equity | -28.9% | -23.5% | -24.6% | -11.3% | -8.6% | 11.7% | — |
| Return on assets | -16.2% | -13.8% | -15.0% | -7.4% | -4.4% | 6.7% | — |
| Free cash flow yield | -1.5% | 0.3% | -0.9% | 1.3% | 4.3% | -14.7% | — |
| Revenue growth | -24.4% | -11.9% | -51.8% | -37.6% | 34.1% | 131.8% | — |
| Earnings growth | -6.2% | -21.8% | 72.7% | 19.9% | -167.0% | -185.9% | — |
| Current ratio | 1.97x | 2.37x | 2.56x | 2.94x | 1.97x | 2.28x | — |
| Debt to equity | — | 0.06x | 0.03x | 0.06x | 0.35x | 0.24x | 0.02x |
| Equity ratio | 56.2% | 58.6% | 60.9% | 64.9% | 51.6% | 57.3% | — |
| Interest coverage | -107.32x | -74.97x | -113.40x | -13.40x | -4.01x | 21.88x | — |
| R&D as a share of sales | 5.8% | 5.2% | 6.7% | 3.1% | 2.0% | 2.5% | — |
| Buybacks as a share of market value | 0.1% | 0.0% | -2.2% | 7.1% | -4.4% | -4.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.5% | -23.1% | -6.2% |
| Operating income | -7.6% | — | 0.2% |
| Net income | 8.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.8% | 10.7% | 13.3% | 14.7% |
| Operating margin | -32.0% | -23.9% | -9.8% | -8.3% |
| Net margin | -37.9% | -25.9% | -10.6% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.2 | -10.8 | -10.1 | -17.5 | -19.3 | 11.3 | -10.2 | 58.7 | -331.0 | 61.3 |
| Price to sales | 10.7 | 3.7 | 3.9 | 1.9 | 1.1 | 1.3 | 3.1 | 2.2 | 2.9 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2021.
| FY2021 | FY2012 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 | 0.10 | 0.10 | 0.20 | 0.15 | 0.025 |
- 1-to-1 reverse split · 8 Mar 2006
- 2-for-1 split · 29 Oct 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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