B 
12.19
+0.66%
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¥1.25bn
FY2016FY2025
Net income
−CN¥171.6m
FY2016FY2025
Free cash flow
−CN¥41.8m
FY2016FY2025
Shareholders' equity
CN¥1.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.25bn | CN¥1.16bn | CN¥1.38bn | CN¥1.80bn | CN¥2.79bn | CN¥2.76bn | CN¥2.59bn | CN¥2.36bn | CN¥1.50bn | CN¥1.13bn |
| Gross profit | CN¥249.0m | CN¥184.6m | CN¥233.9m | CN¥464.1m | CN¥685.5m | CN¥667.9m | CN¥568.7m | CN¥541.1m | CN¥279.4m | CN¥249.2m |
| Research and development | CN¥66.0m | CN¥91.4m | CN¥110.8m | CN¥112.8m | CN¥150.7m | CN¥103.9m | CN¥87.8m | CN¥47.6m | CN¥30.2m | CN¥36.9m |
| Operating income | −CN¥102.7m | −CN¥283.0m | −CN¥271.5m | CN¥52.3m | CN¥129.3m | CN¥121.2m | CN¥112.7m | CN¥190.6m | CN¥40.7m | CN¥70.7m |
| Net income | −CN¥171.6m | −CN¥245.9m | −CN¥235.2m | CN¥5.5m | CN¥117.4m | CN¥146.7m | CN¥42.7m | CN¥101.7m | CN¥10.3m | CN¥57.7m |
| Diluted earnings per share | -0.37 | -0.55 | -0.50 | 0.01 | 0.26 | 0.33 | 0.16 | 0.19 | 0.02 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.30bn | CN¥3.72bn | CN¥3.98bn | CN¥4.02bn | CN¥4.39bn | CN¥4.60bn | CN¥3.44bn | CN¥2.48bn | CN¥1.93bn | CN¥1.72bn |
| Cash and short-term investments | — | CN¥871.4m | CN¥977.0m | CN¥765.4m | CN¥1.03bn | CN¥1.16bn | CN¥984.8m | CN¥657.6m | CN¥628.8m | CN¥707.1m |
| Total liabilities | CN¥1.76bn | CN¥1.99bn | CN¥1.99bn | CN¥2.13bn | CN¥2.51bn | CN¥2.79bn | CN¥1.55bn | CN¥1.13bn | CN¥959.9m | CN¥748.3m |
| Debt | — | CN¥184.0m | CN¥217.3m | CN¥181.1m | CN¥146.7m | CN¥30.0m | CN¥127.0m | CN¥110.3m | CN¥281.5m | CN¥103.1m |
| Shareholders' equity | CN¥1.44bn | CN¥1.61bn | CN¥1.85bn | CN¥1.76bn | CN¥1.78bn | CN¥1.69bn | CN¥1.69bn | CN¥1.18bn | CN¥875.2m | CN¥882.4m |
| Shares outstanding | 468m | 450m | 474m | 437m | 448m | 439m | 267m | 539m | 417m | 332m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥14.6m | −CN¥12.2m | −CN¥3.5m | −CN¥76.2m | −CN¥154.1m | CN¥326.3m | CN¥250.2m | CN¥7.6m | −CN¥83.5m | CN¥88.9m |
| Capital spending | −CN¥27.2m | −CN¥67.8m | −CN¥89.7m | −CN¥80.6m | −CN¥41.6m | −CN¥35.3m | −CN¥39.4m | −CN¥53.7m | −CN¥8.2m | −CN¥13.0m |
| Free cash flow | −CN¥41.8m | −CN¥80.0m | −CN¥93.2m | −CN¥156.8m | −CN¥195.8m | CN¥291.0m | CN¥210.8m | −CN¥46.1m | −CN¥91.7m | CN¥75.9m |
| Dividends paid | −CN¥1.8m | −CN¥2.5m | −CN¥2.7m | −CN¥35.6m | −CN¥43.8m | −CN¥13.2m | −CN¥22.8m | −CN¥13.1m | −CN¥13.2m | −CN¥11.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥178.9m | CN¥77.8m | CN¥603.0m | CN¥288.6m | CN¥258.0m | CN¥99.8m | CN¥501.9m | CN¥170.1m |
| Gross profit | CN¥40.8m | CN¥22.8m | CN¥92.1m | CN¥65.3m | CN¥65.6m | CN¥26.1m | CN¥10.2m | CN¥46.8m |
| Operating income | −CN¥28.6m | −CN¥39.6m | −CN¥17.4m | −CN¥21.8m | −CN¥11.9m | −CN¥47.5m | −CN¥174.4m | −CN¥56.1m |
| Net income | −CN¥14.9m | −CN¥37.3m | −CN¥94.2m | −CN¥21.7m | −CN¥12.8m | −CN¥42.8m | −CN¥146.5m | −CN¥47.4m |
| Diluted earnings per share | -0.03 | -0.08 | -0.20 | -0.05 | -0.03 | -0.09 | -0.33 | -0.11 |
| Cash from operations | — | — | — | −CN¥27.0m | −CN¥3.0m | −CN¥130.0m | — | CN¥4.0m |
| Capital spending | −CN¥2.0m | −CN¥2.0m | −CN¥13.0m | −CN¥6.0m | −CN¥6.0m | — | −CN¥14.0m | −CN¥12.0m |
| Free cash flow | — | — | — | −CN¥33.0m | −CN¥9.0m | — | — | −CN¥8.0m |
| Total assets | CN¥3.12bn | CN¥3.16bn | CN¥3.30bn | CN¥3.56bn | CN¥3.67bn | CN¥3.59bn | CN¥3.72bn | CN¥3.89bn |
| Cash and short-term investments | — | — | — | CN¥649.4m | CN¥707.1m | CN¥713.0m | CN¥871.4m | CN¥820.4m |
| Debt | — | — | — | CN¥148.3m | CN¥60.0m | CN¥60.0m | CN¥60.1m | CN¥60.0m |
| Shareholders' equity | CN¥1.38bn | CN¥1.40bn | CN¥1.44bn | CN¥1.53bn | CN¥1.55bn | CN¥1.57bn | CN¥1.61bn | CN¥1.76bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.5% | -14.7% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 20.2% | 22.3% | 22.0% |
| Operating margin | -16.0% | -10.8% | -3.2% | 0.5% |
| Net margin | -17.3% | -11.6% | -3.4% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -57.4 | -23.6 | -21.6 | — | 66.4 | 45.7 | 77.0 | 47.9 | — | 165.9 |
| Price to sales | 7.9 | 5.0 | 3.7 | 3.0 | 2.8 | 2.4 | 1.3 | 2.1 | 4.1 | 8.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Dec 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.004 | 0.079 | 0.098 | 0.03 | 0.065 | 0.009 | 0.053 | 0.027 |
- 13-for-10 split · 18 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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