B 
4.16
-0.24%
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¥328.2m
FY2016FY2025
Net income
−CN¥87.6m
FY2016FY2025
Free cash flow
−CN¥19.9m
FY2016FY2025
Shareholders' equity
CN¥687.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥328.2m | CN¥340.5m | CN¥369.2m | CN¥459.7m | CN¥424.7m | CN¥267.7m | CN¥251.2m | CN¥224.5m | CN¥232.1m | CN¥263.2m |
| Gross profit | CN¥73.7m | CN¥85.8m | CN¥89.7m | CN¥126.7m | CN¥108.1m | CN¥65.9m | CN¥44.8m | CN¥43.9m | CN¥41.0m | CN¥43.3m |
| Research and development | CN¥7.4m | CN¥8.5m | CN¥12.8m | CN¥8.4m | CN¥9.1m | CN¥50,133 | CN¥75,572 | CN¥250,319 | CN¥949,165 | CN¥1.9m |
| Operating income | — | −CN¥91.7m | −CN¥77.8m | CN¥42.3m | CN¥15.2m | CN¥8.8m | CN¥9.6m | −CN¥20.7m | CN¥8.3m | −CN¥13.1m |
| Net income | −CN¥87.6m | −CN¥93.9m | −CN¥82.3m | CN¥34.8m | CN¥10.5m | CN¥3.2m | CN¥5.8m | −CN¥21.6m | CN¥8.9m | −CN¥31.9m |
| Diluted earnings per share | -0.18 | -0.18 | -0.17 | 0.10 | 0.02 | 0.01 | 0.01 | -0.08 | -0.39 | 0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥896.8m | CN¥966.7m | CN¥1.06bn | CN¥1.14bn | CN¥1.08bn | CN¥1.07bn | CN¥750.0m | CN¥763.4m | CN¥776.7m | CN¥957.7m |
| Cash and short-term investments | — | CN¥144.8m | CN¥155.3m | CN¥170.9m | CN¥190.4m | CN¥227.5m | CN¥232.3m | CN¥114.2m | CN¥185.3m | CN¥71.0m |
| Total liabilities | CN¥196.0m | CN¥179.4m | CN¥176.2m | CN¥182.2m | CN¥160.2m | CN¥214.1m | CN¥104.4m | CN¥125.8m | CN¥117.6m | CN¥268.9m |
| Debt | CN¥20.0m | CN¥36.4m | CN¥15.8m | CN¥14.5m | CN¥6.5m | CN¥15.3m | CN¥11.6m | CN¥3.1m | CN¥7.6m | CN¥33.8m |
| Shareholders' equity | CN¥687.8m | CN¥775.4m | CN¥869.2m | CN¥951.6m | CN¥916.7m | CN¥844.4m | CN¥645.6m | CN¥637.6m | CN¥659.2m | CN¥650.3m |
| Shares outstanding | 482m | 519m | 485m | 348m | 524m | 238m | 509m | 280m | — | — |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥13.4m | CN¥1.9m | −CN¥18.0m | −CN¥15.7m | −CN¥6.3m | CN¥26.8m | −CN¥5.4m | −CN¥33.8m | CN¥36.1m | −CN¥18.6m |
| Capital spending | −CN¥6.5m | −CN¥10.1m | −CN¥10.0m | −CN¥7.8m | −CN¥23.3m | −CN¥1.4m | −CN¥4.5m | −CN¥26.4m | −CN¥15.3m | −CN¥11.7m |
| Free cash flow | −CN¥19.9m | −CN¥8.1m | −CN¥28.0m | −CN¥23.5m | −CN¥29.6m | CN¥25.5m | −CN¥9.9m | −CN¥60.2m | CN¥20.9m | −CN¥30.3m |
| Dividends paid | −CN¥177,911 | — | −CN¥16,274 | — | −CN¥143,458 | −CN¥143,458 | −CN¥143,458 | −CN¥143,458 | −CN¥2.8m | −CN¥2.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥76.9m | CN¥82.6m | CN¥89.2m | CN¥85.3m | CN¥75.1m | CN¥78.6m | CN¥77.0m | CN¥86.7m |
| Gross profit | CN¥18.1m | CN¥19.3m | CN¥20.8m | CN¥19.8m | CN¥17.3m | CN¥15.9m | CN¥20.1m | CN¥22.4m |
| Operating income | −CN¥3.0m | −CN¥1.8m | −CN¥11.6m | CN¥4.0m | −CN¥8.7m | CN¥4.1m | −CN¥75.6m | −CN¥2.4m |
| Net income | −CN¥3.8m | −CN¥7.5m | −CN¥83.8m | CN¥2.0m | −CN¥9.0m | CN¥3.1m | −CN¥73.0m | −CN¥4.8m |
| Diluted earnings per share | -0.01 | -0.02 | -0.17 | 0.00 | -0.02 | 0.01 | -0.14 | -0.01 |
| Cash from operations | — | — | — | −CN¥10.0m | CN¥3.0m | −CN¥22.0m | CN¥20.0m | −CN¥7.0m |
| Capital spending | −CN¥1.0m | — | −CN¥2.0m | −CN¥1.0m | — | −CN¥1.0m | −CN¥4.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥11.0m | — | −CN¥23.0m | CN¥16.0m | −CN¥8.0m |
| Total assets | CN¥878.5m | CN¥875.4m | CN¥896.8m | CN¥964.4m | CN¥949.2m | CN¥960.9m | CN¥966.7m | CN¥1.01bn |
| Cash and short-term investments | — | — | — | CN¥139.1m | CN¥133.6m | CN¥128.2m | CN¥144.8m | CN¥130.1m |
| Debt | CN¥35.0m | CN¥20.0m | CN¥20.0m | CN¥13.8m | CN¥954,570 | CN¥954,570 | CN¥954,570 | CN¥6.8m |
| Shareholders' equity | CN¥676.5m | CN¥680.2m | CN¥687.8m | CN¥771.5m | CN¥769.6m | CN¥778.5m | CN¥775.4m | CN¥848.4m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.5% | 25.2% | 24.3% | 27.6% | 25.5% | 24.6% |
| Operating margin | -25.1% | -26.3% | -20.9% | 9.3% | 3.9% | 3.7% |
| Net margin | -26.7% | -27.6% | -22.3% | 7.6% | 2.5% | 1.2% |
| Return on equity | -12.7% | -12.1% | -9.5% | 3.7% | 1.1% | 0.4% |
| Return on assets | -9.8% | -9.7% | -7.8% | 3.1% | 1.0% | 0.3% |
| Free cash flow yield | -0.3% | 0.5% | -0.4% | -0.5% | 0.8% | 2.8% |
| Revenue growth | -3.6% | -7.8% | -19.7% | 8.2% | 58.7% | 6.6% |
| Earnings growth | -6.6% | 14.0% | -336.2% | 232.3% | 227.6% | -44.6% |
| Current ratio | 3.53x | 3.46x | 3.08x | 3.05x | 3.23x | 2.35x |
| Debt to equity | 0.03x | 0.00x | 0.01x | 0.01x | 0.00x | 0.01x |
| Equity ratio | 76.7% | 80.2% | 82.4% | 83.3% | 84.7% | 79.2% |
| Interest coverage | -33.89x | -36.15x | -170.76x | 76.45x | 23.06x | 45.22x |
| R&D as a share of sales | 2.3% | 2.5% | 3.5% | 1.8% | 2.2% | 0.0% |
| Buybacks as a share of market value | 7.1% | -7.1% | -39.2% | 33.5% | -119.9% | 53.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.6% | 4.2% | -4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.9% | 25.1% | 25.1% | 22.0% |
| Net margin | -27.1% | -15.3% | -9.8% | -6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.6 | -28.6 | -27.3 | 45.2 | 301.9 | 439.5 | 446.2 | -55.8 | -14.2 | 17.4 |
| Price to sales | 9.0 | 7.9 | 6.1 | 3.4 | 7.5 | 5.3 | 10.3 | 5.4 | -0.5 | -2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Sept 2009.
| FY2009 | FY2003 | |
|---|---|---|
| Paid in the year | 0.004 | 0.04 |
- 7-for-5 split · 7 Jun 2006
- 1-to-1 reverse split · 10 Jan 2006
- 9-for-5 split · 27 May 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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