H 
7.04
+1.00%
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¥516.0m
FY2016FY2025
Net income
−CN¥31.3m
FY2016FY2025
Free cash flow
−CN¥44.3m
FY2016FY2025
Shareholders' equity
CN¥737.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥516.0m | CN¥432.5m | CN¥487.7m | CN¥330.6m | CN¥568.5m | CN¥642.1m | CN¥503.3m | CN¥469.2m | CN¥582.6m | CN¥561.8m |
| Gross profit | CN¥45.8m | CN¥25.6m | CN¥42.7m | CN¥26.9m | CN¥91.0m | CN¥95.3m | CN¥103.8m | CN¥41.9m | CN¥66.4m | CN¥122.5m |
| Research and development | CN¥17.0m | CN¥11.4m | CN¥9.2m | CN¥11.4m | CN¥23.2m | CN¥32.8m | CN¥26.6m | CN¥33.8m | CN¥47.3m | CN¥29.9m |
| Operating income | −CN¥22.9m | CN¥1.4m | CN¥2.0m | −CN¥30.7m | CN¥6.9m | CN¥11.2m | CN¥12.2m | −CN¥93.9m | −CN¥88.3m | CN¥2.3m |
| Net income | −CN¥31.3m | CN¥4.1m | CN¥2.9m | −CN¥27.8m | CN¥8.8m | CN¥10.2m | CN¥11.8m | −CN¥88.9m | −CN¥84.0m | CN¥10.0m |
| Diluted earnings per share | -0.02 | 0.01 | 0.00 | -0.03 | 0.01 | 0.01 | 0.01 | -0.09 | -0.09 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.18bn | CN¥1.15bn | CN¥1.23bn | CN¥1.06bn | CN¥1.11bn | CN¥1.27bn | CN¥1.23bn | CN¥1.16bn | CN¥1.33bn | CN¥1.37bn |
| Cash and short-term investments | — | CN¥254.0m | CN¥297.4m | CN¥351.9m | CN¥371.0m | CN¥363.3m | CN¥385.3m | CN¥358.2m | CN¥393.4m | CN¥428.5m |
| Total liabilities | CN¥444.8m | CN¥376.9m | CN¥471.5m | CN¥300.3m | CN¥321.7m | CN¥493.0m | CN¥468.4m | CN¥670.8m | CN¥757.2m | CN¥711.7m |
| Debt | — | CN¥34.2m | CN¥1.6m | CN¥57.7m | CN¥65.6m | CN¥154.1m | CN¥49.0m | CN¥304.1m | CN¥291.3m | CN¥296.5m |
| Shareholders' equity | CN¥737.7m | CN¥768.9m | CN¥763.4m | CN¥760.5m | CN¥788.6m | CN¥779.4m | CN¥762.9m | CN¥488.3m | CN¥577.3m | CN¥661.3m |
| Shares outstanding | 1,749m | 524m | 997m | 1,064m | 1,069m | 1,052m | 1,007m | 1,000m | 960m | 962m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥47.0m | −CN¥14.7m | −CN¥38.6m | CN¥33.6m | CN¥44.1m | CN¥21.2m | CN¥8.6m | −CN¥12.0m | −CN¥8.2m | CN¥3.3m |
| Capital spending | −CN¥91.2m | −CN¥51.1m | −CN¥52.0m | −CN¥33.7m | −CN¥22.7m | −CN¥20.9m | −CN¥10.6m | −CN¥16.2m | −CN¥16.2m | −CN¥22.4m |
| Free cash flow | −CN¥44.3m | −CN¥65.8m | −CN¥90.6m | −CN¥84,767 | CN¥21.5m | CN¥326,719 | −CN¥1.9m | −CN¥28.2m | −CN¥24.4m | −CN¥19.1m |
| Dividends paid | — | — | — | — | −CN¥598,915 | −CN¥3.6m | −CN¥7.5m | −CN¥10.8m | −CN¥8.2m | −CN¥9.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥145.2m | CN¥162.1m | CN¥157.0m | CN¥121.8m | CN¥126.5m | CN¥110.7m | CN¥134.0m | CN¥98.2m |
| Gross profit | CN¥13.4m | CN¥18.2m | CN¥5.8m | CN¥15.8m | CN¥14.5m | CN¥9.7m | −CN¥8.5m | CN¥11.0m |
| Operating income | CN¥132,444 | CN¥1.8m | −CN¥22.4m | CN¥111,327 | CN¥267,406 | CN¥882,621 | CN¥2.0m | −CN¥51,200 |
| Net income | CN¥200,986 | CN¥1.8m | −CN¥32.6m | CN¥122,384 | CN¥286,410 | CN¥882,623 | CN¥2.9m | CN¥103,218 |
| Diluted earnings per share | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Cash from operations | — | — | — | −CN¥32.0m | CN¥15.0m | −CN¥17.0m | CN¥12.0m | −CN¥26.0m |
| Capital spending | −CN¥9.0m | −CN¥13.0m | −CN¥49.0m | −CN¥18.0m | −CN¥13.0m | −CN¥9.0m | −CN¥10.0m | −CN¥11.0m |
| Free cash flow | — | — | — | −CN¥50.0m | CN¥2.0m | −CN¥26.0m | CN¥2.0m | −CN¥37.0m |
| Total assets | CN¥1.25bn | CN¥1.23bn | CN¥1.18bn | CN¥1.21bn | CN¥1.19bn | CN¥1.18bn | CN¥1.15bn | CN¥1.08bn |
| Cash and short-term investments | — | — | — | CN¥200.4m | CN¥222.6m | CN¥227.7m | CN¥254.0m | CN¥211.8m |
| Debt | — | — | — | CN¥46.2m | CN¥56.4m | CN¥862,103 | CN¥31.6m | CN¥288,753 |
| Shareholders' equity | CN¥740.6m | CN¥738.9m | CN¥737.7m | CN¥770.6m | CN¥770.2m | CN¥770.1m | CN¥768.9m | CN¥765.6m |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 8.9% | 5.9% | 8.7% | 8.1% | 16.0% | 14.8% | — |
| Operating margin | -6.2% | 0.8% | 1.0% | -9.1% | 1.9% | 1.8% | — |
| Net margin | -6.1% | 1.0% | 0.6% | -8.4% | 1.5% | 1.6% | — |
| Return on equity | -4.2% | 0.5% | 0.4% | -3.7% | 1.1% | 1.3% | — |
| Return on assets | -2.6% | 0.4% | 0.2% | -2.6% | 0.8% | 0.8% | — |
| Free cash flow yield | 1.2% | 1.0% | 0.2% | 1.0% | 0.9% | 0.6% | — |
| Revenue growth | 19.3% | -11.3% | 47.5% | -41.9% | -11.5% | 27.6% | — |
| Earnings growth | -860.5% | 44.4% | -110.3% | -417.2% | -14.1% | -13.2% | — |
| Current ratio | 1.60x | 1.99x | 1.92x | 2.68x | 2.79x | 2.17x | — |
| Debt to equity | — | 0.04x | 0.18x | 0.07x | 0.08x | 0.19x | 0.04x |
| Equity ratio | 62.4% | 67.1% | 61.8% | 71.7% | 71.0% | 61.3% | — |
| Interest coverage | -148.76x | 8.13x | 49.95x | -284.11x | 18.99x | 13.00x | — |
| R&D as a share of sales | 3.3% | 2.6% | 1.9% | 3.4% | 4.1% | 5.1% | — |
| Buybacks as a share of market value | -233.8% | 47.4% | 6.4% | 0.4% | -1.6% | -4.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.0% | -4.3% | 1.5% |
| Operating income | -9.3% | — | -8.3% |
| Net income | 4.0% | — | -4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.5% | 8.0% | 11.0% | 13.2% |
| Operating margin | -2.3% | -2.8% | -1.1% | -4.6% |
| Net margin | -2.9% | -3.0% | -1.1% | -4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -504.9 | — | — | -178.1 | — | 255.7 | 250.3 | -46.7 | -91.3 | — |
| Price to sales | 30.6 | 5.5 | 11.5 | 15.0 | 9.8 | 4.1 | 5.8 | 8.8 | 13.2 | 11.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 1995.
| FY1995 | FY1994 | |
|---|---|---|
| Paid in the year | 0.015 | 0.073 |
- 1-to-1 reverse split · 7 Nov 2008
- 3-for-2 split · 10 Apr 1997
- 13-for-10 split · 30 Jul 1996
- 7-for-5 split · 19 Jun 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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