I 
12.61
-1.10%
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¥1.16bn
FY2016FY2025
Net income
−CN¥266.8m
FY2016FY2025
Free cash flow
−CN¥102.6m
FY2016FY2025
Shareholders' equity
CN¥2.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.16bn | CN¥1.87bn | CN¥2.55bn | CN¥2.07bn | CN¥1.83bn | CN¥1.33bn | CN¥1.46bn | CN¥1.21bn | CN¥1.30bn | CN¥1.37bn |
| Gross profit | CN¥404.9m | CN¥732.0m | CN¥879.4m | CN¥650.6m | CN¥622.9m | CN¥562.9m | CN¥637.2m | CN¥642.0m | CN¥612.7m | CN¥508.8m |
| Research and development | CN¥237.0m | CN¥254.6m | CN¥295.3m | CN¥262.3m | CN¥242.3m | CN¥243.1m | CN¥270.6m | CN¥330.4m | CN¥215.3m | CN¥178.8m |
| Operating income | −CN¥240.9m | CN¥15.1m | CN¥84.8m | CN¥60.8m | CN¥32.2m | −CN¥86.0m | CN¥31.3m | CN¥314.5m | CN¥126.7m | CN¥114.7m |
| Net income | −CN¥266.8m | CN¥13.6m | CN¥91.0m | CN¥63.8m | CN¥42.1m | −CN¥86.2m | CN¥27.6m | CN¥314.0m | CN¥123.7m | CN¥115.5m |
| Diluted earnings per share | -0.81 | 0.04 | 0.29 | 0.20 | 0.14 | -0.27 | 0.10 | 0.98 | 0.38 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.37bn | CN¥4.33bn | CN¥4.45bn | CN¥4.59bn | CN¥4.16bn | CN¥3.85bn | CN¥3.55bn | CN¥3.15bn | CN¥2.89bn | CN¥3.09bn |
| Cash and short-term investments | — | CN¥713.4m | CN¥965.2m | CN¥1.24bn | CN¥2.07bn | CN¥1.96bn | CN¥942.3m | CN¥690.0m | CN¥650.7m | CN¥563.2m |
| Total liabilities | CN¥2.04bn | CN¥2.00bn | CN¥2.12bn | CN¥2.36bn | CN¥1.99bn | CN¥1.73bn | CN¥1.12bn | CN¥712.5m | CN¥742.9m | CN¥1.05bn |
| Debt | CN¥27.4m | CN¥10.0m | CN¥11.2m | CN¥13.1m | CN¥10.1m | CN¥9.0m | CN¥2.3m | CN¥2.2m | CN¥12.1m | CN¥30.2m |
| Shareholders' equity | CN¥2.32bn | CN¥2.33bn | CN¥2.32bn | CN¥2.23bn | CN¥2.17bn | CN¥2.12bn | CN¥2.44bn | CN¥2.44bn | CN¥2.15bn | CN¥2.05bn |
| Shares outstanding | 331m | 383m | 316m | 325m | 301m | 317m | 269m | 322m | 325m | 342m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥46.6m | −CN¥288.4m | CN¥27.1m | CN¥213.1m | CN¥67.8m | CN¥213.0m | CN¥84.9m | CN¥155.2m | −CN¥19.3m | CN¥105.5m |
| Capital spending | −CN¥56.0m | −CN¥58.5m | −CN¥38.5m | −CN¥939.8m | −CN¥40.5m | −CN¥47.2m | −CN¥64.3m | −CN¥93.6m | −CN¥183.9m | −CN¥108.3m |
| Free cash flow | −CN¥102.6m | −CN¥346.9m | −CN¥11.3m | −CN¥726.7m | CN¥27.3m | CN¥165.8m | CN¥20.6m | CN¥61.6m | −CN¥203.2m | −CN¥2.8m |
| Dividends paid | −CN¥450,642 | −CN¥11.3m | −CN¥9.7m | — | — | −CN¥9.7m | −CN¥37.3m | −CN¥37.3m | −CN¥35.8m | −CN¥19.3m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥133.4m | CN¥428.1m | CN¥298.0m | CN¥322.5m | CN¥106.8m | CN¥836.4m | CN¥466.9m | CN¥300.9m |
| Gross profit | CN¥59.7m | CN¥142.7m | CN¥106.7m | CN¥108.8m | CN¥46.7m | CN¥321.3m | CN¥165.4m | CN¥121.3m |
| Operating income | −CN¥81.1m | −CN¥38.1m | −CN¥63.5m | −CN¥60.6m | −CN¥88.6m | CN¥113.9m | −CN¥8.9m | −CN¥57.8m |
| Net income | −CN¥86.3m | −CN¥55.7m | −CN¥63.2m | −CN¥59.4m | −CN¥88.5m | CN¥108.4m | −CN¥6.1m | −CN¥60.0m |
| Diluted earnings per share | -0.26 | -0.17 | -0.19 | -0.18 | -0.27 | 0.28 | -0.02 | -0.16 |
| Cash from operations | — | — | −CN¥82.0m | −CN¥32.0m | −CN¥175.0m | CN¥253.0m | −CN¥75.0m | −CN¥195.0m |
| Capital spending | −CN¥1.0m | −CN¥10.0m | −CN¥17.0m | −CN¥14.0m | −CN¥14.0m | −CN¥24.0m | −CN¥13.0m | −CN¥11.0m |
| Free cash flow | — | — | −CN¥99.0m | −CN¥46.0m | −CN¥189.0m | CN¥229.0m | −CN¥88.0m | −CN¥206.0m |
| Total assets | CN¥4.16bn | CN¥4.37bn | CN¥4.14bn | CN¥4.13bn | CN¥4.18bn | CN¥4.33bn | CN¥4.14bn | CN¥4.17bn |
| Cash and short-term investments | — | — | CN¥396.2m | CN¥492.4m | CN¥522.6m | CN¥713.4m | CN¥483.5m | CN¥591.0m |
| Debt | CN¥19.7m | CN¥27.4m | CN¥54.1m | CN¥20.4m | CN¥3.8m | CN¥10.0m | — | — |
| Shareholders' equity | CN¥2.24bn | CN¥2.32bn | CN¥2.10bn | CN¥2.17bn | CN¥2.24bn | CN¥2.33bn | CN¥2.22bn | CN¥2.22bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.0% | 39.2% | 34.4% | 31.4% | 34.0% | 42.4% |
| Operating margin | -23.7% | 0.4% | 3.4% | 3.0% | 1.7% | -6.5% |
| Net margin | -23.1% | 0.7% | 3.6% | 3.1% | 2.3% | -6.5% |
| Return on equity | -11.5% | 0.6% | 3.9% | 2.9% | 1.9% | -4.1% |
| Return on assets | -6.1% | 0.3% | 2.0% | 1.4% | 1.0% | -2.2% |
| Free cash flow yield | 0.2% | -4.3% | 1.5% | 25.7% | 2.6% | 5.9% |
| Revenue growth | -38.2% | -26.8% | 23.1% | 13.3% | 37.7% | -8.7% |
| Earnings growth | -2057.6% | -85.0% | 42.7% | 51.4% | -148.9% | -412.5% |
| Current ratio | 1.20x | 1.19x | 1.17x | 1.20x | 1.65x | 1.61x |
| Debt to equity | 0.01x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 53.1% | 53.7% | 52.1% | 48.6% | 52.1% | 55.1% |
| Interest coverage | -560.69x | 14.92x | 84.56x | 89.50x | 58.37x | -111.42x |
| R&D as a share of sales | 20.5% | 13.6% | 11.6% | 12.6% | 13.2% | 18.3% |
| Buybacks as a share of market value | 13.4% | -21.1% | 2.7% | -7.8% | 5.0% | -17.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.7% | -2.8% | -0.6% |
| Operating income | — | 22.9% | — |
| Net income | — | 25.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.6% | 34.9% | 35.6% | 38.4% |
| Operating margin | -7.5% | -1.0% | -1.2% | 3.2% |
| Net margin | -8.4% | -1.3% | -1.3% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.9 | 402.4 | 48.2 | 69.1 | 93.7 | -57.3 | 201.7 | 15.7 | 46.7 | 68.3 |
| Price to sales | 5.3 | 2.9 | 1.7 | 2.1 | 2.2 | 3.7 | 3.8 | 4.1 | 4.4 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2024.
| FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.03 | 0.03 | 0.115 | 0.115 | 0.11 | 0.06 | 0.01 |
- 1-to-1 reverse split · 24 May 2006
- 3-for-2 split · 20 Apr 2001
- 8-for-5 split · 24 Feb 1997
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.