J 
2.38
-0.83%
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¥351.7m
FY2016FY2025
Net income
−CN¥208.3m
FY2016FY2025
Free cash flow
CN¥30.4m
FY2016FY2025
Shareholders' equity
CN¥300.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥351.7m | CN¥372.2m | CN¥716.0m | CN¥1.72bn | CN¥1.29bn | CN¥1.09bn | CN¥1.78bn | CN¥1.50bn | CN¥2.04bn | CN¥2.30bn |
| Research and development | CN¥21.3m | CN¥10.2m | CN¥11.2m | CN¥19.1m | CN¥17.1m | CN¥11.8m | — | — | — | — |
| Operating income | −CN¥51.6m | −CN¥832.3m | −CN¥95.0m | CN¥422.4m | CN¥136.7m | CN¥157.0m | CN¥401.8m | CN¥1.18bn | CN¥355.7m | CN¥403.7m |
| Net income | −CN¥208.3m | −CN¥805.8m | −CN¥95.1m | CN¥80.7m | CN¥40.9m | −CN¥810.0m | CN¥63.1m | CN¥35.9m | −CN¥227.5m | CN¥135.4m |
| Diluted earnings per share | -0.24 | -0.92 | -0.12 | 0.09 | 0.05 | -0.87 | 0.07 | 0.04 | -0.25 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.35bn | CN¥2.59bn | CN¥2.24bn | CN¥4.00bn | CN¥6.18bn | CN¥4.71bn | CN¥4.24bn | CN¥7.26bn | CN¥9.82bn | CN¥9.41bn |
| Cash and short-term investments | — | CN¥195.7m | CN¥209.3m | CN¥781.1m | CN¥347.5m | CN¥385.1m | CN¥330.5m | CN¥564.1m | CN¥184.8m | CN¥1.83bn |
| Total liabilities | CN¥1.80bn | CN¥2.22bn | CN¥1.66bn | CN¥3.17bn | CN¥5.54bn | CN¥4.06bn | CN¥2.93bn | CN¥6.02bn | CN¥8.07bn | CN¥7.49bn |
| Debt | CN¥19.0m | CN¥93.1m | CN¥354.5m | CN¥686.7m | CN¥1.04bn | CN¥160.1m | CN¥707.4m | CN¥1.28bn | CN¥3.86bn | CN¥4.25bn |
| Shareholders' equity | CN¥300.8m | CN¥78.7m | CN¥213.7m | CN¥350.5m | CN¥442.1m | CN¥486.8m | CN¥1.30bn | CN¥1.23bn | CN¥1.74bn | CN¥1.92bn |
| Shares outstanding | 865m | 873m | 790m | 865m | 885m | 927m | 954m | 860m | 923m | 930m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥33.9m | CN¥14.1m | −CN¥333.0m | −CN¥521.5m | −CN¥557.6m | CN¥920.2m | CN¥722.5m | CN¥1.65bn | −CN¥1.89bn | −CN¥1.37bn |
| Capital spending | −CN¥3.5m | −CN¥8.2m | −CN¥25.4m | −CN¥304.3m | −CN¥431.4m | −CN¥344.1m | −CN¥229.1m | −CN¥226.9m | −CN¥84.1m | −CN¥120.2m |
| Free cash flow | CN¥30.4m | CN¥5.9m | −CN¥358.4m | −CN¥825.8m | −CN¥988.9m | CN¥576.1m | CN¥493.3m | CN¥1.42bn | −CN¥1.97bn | −CN¥1.49bn |
| Dividends paid | −CN¥8.8m | −CN¥22.5m | −CN¥35.0m | −CN¥150.7m | −CN¥50.1m | −CN¥84.5m | −CN¥165.3m | −CN¥49.0m | −CN¥356.8m | −CN¥296.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥83.9m | CN¥52.8m | CN¥129.5m | CN¥62.7m | CN¥71.3m | CN¥87.7m | CN¥102.5m | CN¥62.2m |
| Operating income | −CN¥7.3m | −CN¥17.1m | −CN¥26.5m | −CN¥16.2m | CN¥1.1m | −CN¥13.0m | −CN¥116.1m | −CN¥26.2m |
| Net income | −CN¥33.0m | −CN¥22.9m | −CN¥126.2m | −CN¥35.4m | −CN¥20.3m | −CN¥26.4m | −CN¥759.8m | −CN¥16.3m |
| Diluted earnings per share | -0.04 | -0.03 | -0.15 | -0.04 | -0.02 | -0.03 | -0.87 | -0.02 |
| Cash from operations | — | — | — | −CN¥4.0m | −CN¥58.0m | −CN¥3.0m | — | CN¥13.0m |
| Capital spending | — | −CN¥8.0m | — | — | — | −CN¥3.0m | −CN¥1.0m | −CN¥3.0m |
| Free cash flow | — | — | — | — | — | −CN¥6.0m | — | CN¥10.0m |
| Total assets | CN¥2.31bn | CN¥2.31bn | CN¥2.35bn | CN¥2.48bn | CN¥2.53bn | CN¥2.52bn | CN¥2.59bn | CN¥2.09bn |
| Cash and short-term investments | — | — | — | CN¥748.4m | CN¥819.7m | CN¥168.5m | CN¥195.7m | CN¥90.5m |
| Debt | CN¥17.3m | CN¥18.1m | CN¥19.0m | CN¥105.0m | CN¥73.8m | CN¥81.1m | CN¥88.4m | CN¥115.7m |
| Shareholders' equity | CN¥272.8m | CN¥295.7m | CN¥300.8m | CN¥43.9m | CN¥67.2m | CN¥68.0m | CN¥78.7m | CN¥175.8m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -65.2% | -223.6% | -4.5% | 19.9% | 6.6% | -71.1% |
| Net margin | -59.2% | -216.5% | -13.3% | 4.7% | 3.2% | -74.2% |
| Return on equity | -69.2% | -1023.6% | -44.5% | 23.0% | 9.3% | -166.4% |
| Return on assets | -8.9% | -31.1% | -4.3% | 2.0% | 0.7% | -17.2% |
| Free cash flow yield | 1.8% | 1.0% | -15.9% | -10.2% | -5.8% | 55.7% |
| Revenue growth | -5.5% | -48.0% | -58.3% | 33.6% | 17.7% | -38.8% |
| Earnings growth | -74.2% | 747.3% | -217.9% | 97.2% | -105.1% | -1383.1% |
| Current ratio | 1.78x | 1.36x | 1.05x | 1.12x | 0.84x | 0.89x |
| Debt to equity | 0.06x | 1.12x | 0.53x | 1.38x | 7.38x | 0.09x |
| Equity ratio | 12.8% | 3.0% | 9.6% | 8.8% | 7.2% | 10.3% |
| Interest coverage | -9.15x | -27.94x | -0.92x | 2.56x | 0.97x | -16.12x |
| R&D as a share of sales | 6.1% | 2.7% | 1.6% | 1.1% | 1.3% | 1.1% |
| Buybacks as a share of market value | 0.9% | -10.5% | 8.6% | 2.2% | 4.6% | 2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -41.0% | -20.3% | -11.6% |
| Net income | — | -23.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -122.1% | -17.6% | -4.7% | 15.5% |
| Net margin | -140.1% | -32.6% | -32.5% | -11.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.8 | -3.8 | -29.2 | 36.5 | 88.6 | -4.1 | 54.5 | 90.6 | -40.6 | 94.3 |
| Price to sales | 7.6 | 8.2 | 3.9 | 1.7 | 2.8 | 3.0 | 1.9 | 2.2 | 4.5 | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2014.
| FY2014 | FY2013 | FY1994 | |
|---|---|---|---|
| Paid in the year | 0.015 | 0.011 | 0.037 |
- 13-for-10 split · 7 May 2015
- 2-for-1 split · 25 May 2011
- 1-to-1 reverse split · 15 Jan 2007
- 13-for-10 split · 15 Jun 1999
- 6-for-5 split · 24 Jul 1996
- 3-for-2 split · 4 Apr 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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