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2.83
-0.35%
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¥671.9m
FY2016FY2025
Net income
−CN¥73.5m
FY2016FY2025
Free cash flow
−CN¥373.2m
FY2016FY2025
Shareholders' equity
CN¥1.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥671.9m | CN¥683.3m | CN¥821.2m | CN¥1.01bn | CN¥1.55bn | CN¥1.92bn | CN¥1.87bn | CN¥2.84bn | CN¥4.45bn | CN¥3.24bn |
| Gross profit | CN¥86.2m | CN¥141.0m | CN¥62.9m | CN¥32.8m | CN¥78.8m | CN¥143.9m | CN¥84.9m | CN¥313.7m | CN¥479.8m | CN¥217.8m |
| Research and development | CN¥34.2m | CN¥36.4m | CN¥39.0m | CN¥32.0m | CN¥27.3m | CN¥28.3m | CN¥47.7m | CN¥50.8m | CN¥133.1m | CN¥121.2m |
| Operating income | −CN¥54.1m | CN¥58.9m | −CN¥186.9m | CN¥281.3m | −CN¥97.3m | CN¥87.1m | −CN¥1.10bn | −CN¥94.6m | CN¥59.3m | −CN¥661.6m |
| Net income | −CN¥73.5m | CN¥6.8m | −CN¥218.2m | CN¥258.2m | −CN¥120.4m | CN¥37.6m | −CN¥1.15bn | −CN¥731.2m | CN¥124.6m | −CN¥2.69bn |
| Diluted earnings per share | -0.04 | 0.00 | -0.33 | 0.13 | -0.03 | 0.01 | -1.40 | -0.89 | -3.93 | -438.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.41bn | CN¥2.32bn | CN¥2.39bn | CN¥2.75bn | CN¥2.94bn | CN¥3.47bn | CN¥3.81bn | CN¥5.10bn | CN¥6.42bn | CN¥7.66bn |
| Cash and short-term investments | — | CN¥373.0m | CN¥531.7m | CN¥930.1m | CN¥270.6m | CN¥469.3m | CN¥519.4m | CN¥419.3m | CN¥377.3m | CN¥477.8m |
| Total liabilities | CN¥713.1m | CN¥585.1m | CN¥693.7m | CN¥1.08bn | CN¥1.52bn | CN¥1.95bn | CN¥2.34bn | CN¥5.14bn | CN¥5.70bn | CN¥7.17bn |
| Debt | — | CN¥49.0m | CN¥71.9m | CN¥207.3m | CN¥645.0m | CN¥701.7m | CN¥701.2m | CN¥2.69bn | CN¥2.98bn | CN¥4.24bn |
| Shareholders' equity | CN¥1.45bn | CN¥1.52bn | CN¥1.51bn | CN¥1.50bn | CN¥1.26bn | CN¥1.37bn | CN¥1.33bn | −CN¥185.4m | CN¥546.4m | CN¥385.0m |
| Shares outstanding | 1,847m | 1,403m | 667m | 2,019m | 3,766m | 2,521m | 822m | 819m | — | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥202.8m | CN¥108.0m | CN¥71.8m | −CN¥44.7m | −CN¥114.0m | −CN¥310.1m | −CN¥614.7m | CN¥477.6m | CN¥545.6m | CN¥146.4m |
| Capital spending | −CN¥170.4m | −CN¥82.1m | −CN¥33.2m | −CN¥67.3m | −CN¥45.0m | −CN¥19.9m | −CN¥16.1m | −CN¥20.5m | −CN¥178.4m | −CN¥23.9m |
| Free cash flow | −CN¥373.2m | CN¥25.9m | CN¥38.6m | −CN¥112.0m | −CN¥159.0m | −CN¥329.9m | −CN¥630.7m | CN¥457.0m | CN¥367.2m | CN¥122.5m |
| Dividends paid | −CN¥879,760 | −CN¥2.6m | −CN¥5.5m | −CN¥22.7m | −CN¥18.1m | −CN¥19.9m | −CN¥55.2m | −CN¥185.1m | −CN¥260.0m | −CN¥204.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥148.5m | CN¥208.9m | CN¥240.6m | CN¥119.8m | CN¥176.9m | CN¥134.6m | CN¥121.1m | CN¥162.5m |
| Gross profit | CN¥9.0m | CN¥22.1m | CN¥19.2m | CN¥23.6m | CN¥22.6m | CN¥20.7m | CN¥1.8m | CN¥58.4m |
| Operating income | −CN¥25.6m | −CN¥11.7m | −CN¥28.6m | −CN¥7.9m | CN¥14.1m | CN¥10.0m | CN¥1.7m | CN¥17.4m |
| Net income | −CN¥43.9m | −CN¥7.3m | −CN¥67.2m | −CN¥9.6m | CN¥2.3m | CN¥1.1m | −CN¥743,099 | CN¥1.5m |
| Diluted earnings per share | -0.02 | -0.00 | -0.04 | -0.01 | 0.00 | 0.00 | -0.00 | 0.00 |
| Cash from operations | — | — | — | CN¥609.0m | −CN¥20.0m | −CN¥43.0m | — | CN¥2.43bn |
| Capital spending | −CN¥10.0m | −CN¥24.0m | −CN¥103.0m | −CN¥4.0m | −CN¥55.0m | −CN¥6.0m | −CN¥58.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥605.0m | −CN¥75.0m | −CN¥49.0m | — | CN¥2.42bn |
| Total assets | CN¥2.32bn | CN¥2.38bn | CN¥2.41bn | CN¥2.26bn | CN¥2.26bn | CN¥2.31bn | CN¥2.32bn | CN¥2.38bn |
| Cash and short-term investments | — | — | — | CN¥165.5m | CN¥325.3m | CN¥283.5m | CN¥373.0m | CN¥490.3m |
| Debt | CN¥9.0m | — | — | CN¥125.2m | — | CN¥105.8m | CN¥10.1m | CN¥25.9m |
| Shareholders' equity | CN¥1.41bn | CN¥1.45bn | CN¥1.45bn | CN¥1.52bn | CN¥1.53bn | CN¥1.52bn | CN¥1.52bn | CN¥1.52bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 12.8% | 20.6% | 7.7% | 3.3% | 5.1% | 7.5% | — |
| Operating margin | -8.0% | 9.8% | -22.8% | 29.7% | -4.1% | 4.5% | — |
| Net margin | -10.9% | 1.0% | -26.6% | 25.6% | -7.7% | 2.0% | — |
| Return on equity | -5.1% | 0.4% | -14.4% | 17.2% | -9.6% | 2.7% | — |
| Return on assets | -3.1% | 0.3% | -9.1% | 9.4% | -4.1% | 1.1% | — |
| Free cash flow yield | -0.5% | 3.8% | 4.4% | 0.3% | -0.5% | -3.2% | — |
| Revenue growth | -1.7% | -16.8% | -18.5% | -35.2% | -19.1% | 2.7% | — |
| Earnings growth | -1185.3% | -103.1% | -184.5% | -314.4% | -420.3% | -103.3% | — |
| Current ratio | 2.77x | 3.73x | 3.50x | 2.84x | 2.40x | 2.30x | — |
| Debt to equity | — | 0.01x | 0.05x | 0.14x | 0.51x | 0.52x | 0.53x |
| Equity ratio | 60.3% | 65.5% | 63.2% | 54.4% | 42.8% | 39.4% | — |
| Interest coverage | -22.42x | 14.19x | -26.63x | 11.68x | -2.97x | 4.37x | — |
| R&D as a share of sales | 5.1% | 5.3% | 4.8% | 3.2% | 1.8% | 1.5% | — |
| Buybacks as a share of market value | -31.6% | -110.5% | 67.0% | 46.4% | -49.4% | -206.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.6% | -18.9% | -14.1% |
| Operating income | — | — | -26.6% |
| Net income | — | — | -23.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.8% | 10.1% | 8.2% | 7.7% |
| Operating margin | 0.4% | 3.1% | 1.3% | -13.1% |
| Net margin | -4.9% | -0.8% | -1.6% | -25.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -86.8 | — | -8.2 | 20.8 | -101.0 | 154.9 | -2.1 | -3.4 | -1.1 | -0.0 |
| Price to sales | 9.5 | 5.4 | 2.2 | 5.3 | 7.8 | 3.0 | 1.3 | 0.9 | -0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2013.
| FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2006 | FY2004 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.048 | 0.097 | 0.097 | 0.048 | 0.044 | 0.024 | 0.017 | 0.067 |
- 1.035-for-1 split · 23 Dec 2019
- 6-for-5 split · 2 Jul 2008
- 6-for-5 split · 21 Aug 2006
- 1-to-1 reverse split · 15 Mar 2006
- 3-for-2 split · 4 Jun 2002
- 57-for-50 split · 17 Jul 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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