N 
11.85
+1.20%
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¥816.3m
FY2016FY2025
Net income
−CN¥62.9m
FY2016FY2025
Free cash flow
CN¥99.4m
FY2016FY2025
Shareholders' equity
CN¥836.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥816.3m | CN¥905.6m | CN¥940.4m | CN¥1.09bn | CN¥1.18bn | CN¥1.16bn | CN¥1.15bn | CN¥1.03bn | CN¥1.07bn | CN¥992.4m |
| Gross profit | CN¥143.4m | CN¥157.8m | CN¥129.6m | CN¥170.6m | CN¥208.6m | CN¥245.2m | CN¥262.0m | CN¥242.5m | — | — |
| Research and development | CN¥49.2m | CN¥45.6m | CN¥55.8m | CN¥60.6m | CN¥56.9m | CN¥61.3m | CN¥52.2m | CN¥56.1m | CN¥44.0m | CN¥36.9m |
| Operating income | — | CN¥30.6m | −CN¥90.2m | −CN¥105.4m | −CN¥9.5m | CN¥8.9m | CN¥45.9m | −CN¥119.9m | CN¥82.6m | CN¥89.9m |
| Net income | −CN¥62.9m | CN¥14.6m | −CN¥84.2m | −CN¥95.5m | CN¥8.4m | CN¥31.8m | CN¥23.7m | −CN¥110.3m | — | — |
| Diluted earnings per share | -0.39 | 0.09 | -0.52 | -0.59 | 0.05 | 0.23 | 0.18 | -0.75 | 0.60 | 0.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.66bn | CN¥1.57bn | CN¥1.63bn | CN¥1.77bn | CN¥2.13bn | CN¥1.94bn | CN¥2.24bn | CN¥2.13bn | CN¥1.51bn | CN¥1.26bn |
| Cash and short-term investments | — | CN¥448.2m | CN¥380.1m | CN¥374.5m | CN¥438.4m | CN¥253.1m | CN¥266.6m | CN¥221.9m | — | — |
| Total liabilities | CN¥739.3m | CN¥595.8m | CN¥672.0m | CN¥727.0m | CN¥1.05bn | CN¥1.10bn | CN¥1.32bn | CN¥1.24bn | CN¥632.7m | CN¥799.7m |
| Debt | CN¥84.2m | CN¥159.8m | CN¥161.7m | CN¥297.5m | CN¥451.6m | CN¥511.1m | CN¥599.9m | CN¥451.0m | — | — |
| Shareholders' equity | CN¥836.1m | CN¥899.2m | CN¥884.8m | CN¥972.9m | CN¥1.07bn | CN¥819.7m | CN¥807.5m | CN¥783.7m | CN¥875.9m | CN¥459.7m |
| Shares outstanding | 161m | 160m | 161m | 160m | 170m | 136m | 134m | 146m | 137m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥105.7m | CN¥35.9m | CN¥77.3m | CN¥75.7m | −CN¥58.2m | CN¥70.1m | CN¥43.1m | −CN¥53.3m | — | CN¥115.4m |
| Capital spending | −CN¥6.4m | −CN¥11.3m | −CN¥16.6m | −CN¥17.2m | −CN¥46.7m | −CN¥49.3m | −CN¥182.3m | −CN¥327.7m | −CN¥33.8m | −CN¥38.7m |
| Free cash flow | CN¥99.4m | CN¥24.7m | CN¥60.7m | CN¥58.5m | −CN¥104.9m | CN¥20.8m | −CN¥139.2m | −CN¥381.0m | — | CN¥76.7m |
| Dividends paid | −CN¥5.1m | −CN¥5.6m | −CN¥11.0m | −CN¥1.9m | −CN¥7.2m | −CN¥7.2m | −CN¥26.0m | −CN¥35.3m | −CN¥2.5m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥227.2m | CN¥166.9m | CN¥239.0m | CN¥202.2m | CN¥220.5m | CN¥154.7m | CN¥297.4m | CN¥194.6m |
| Gross profit | CN¥93.8m | CN¥47.2m | CN¥34.9m | CN¥40.8m | CN¥34.8m | CN¥33.0m | CN¥42.6m | CN¥42.7m |
| Operating income | CN¥52.4m | CN¥8.6m | −CN¥2.9m | −CN¥13.7m | −CN¥11.9m | −CN¥5.6m | CN¥37.6m | −CN¥2.9m |
| Net income | CN¥20.7m | −CN¥2.2m | −CN¥26.6m | −CN¥14.6m | −CN¥12.5m | −CN¥9.3m | CN¥22.8m | −CN¥4.1m |
| Diluted earnings per share | 0.13 | -0.01 | -0.17 | -0.09 | -0.08 | -0.06 | 0.14 | -0.03 |
| Cash from operations | — | — | — | −CN¥3.0m | −CN¥5.0m | −CN¥22.0m | CN¥19.0m | −CN¥58.0m |
| Capital spending | −CN¥3.0m | −CN¥3.0m | — | −CN¥3.0m | −CN¥1.0m | — | −CN¥4.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥6.0m | −CN¥6.0m | — | CN¥15.0m | −CN¥60.0m |
| Total assets | CN¥1.64bn | CN¥1.70bn | CN¥1.66bn | CN¥1.57bn | CN¥1.58bn | CN¥1.55bn | CN¥1.57bn | CN¥1.58bn |
| Cash and short-term investments | — | — | — | CN¥456.1m | CN¥448.5m | CN¥443.6m | CN¥448.2m | CN¥408.0m |
| Debt | CN¥68.5m | CN¥74.2m | CN¥84.2m | CN¥274.9m | CN¥172.0m | CN¥171.1m | CN¥158.1m | CN¥184.8m |
| Shareholders' equity | CN¥852.2m | CN¥834.0m | CN¥836.1m | CN¥862.7m | CN¥877.4m | CN¥889.8m | CN¥899.2m | CN¥876.5m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.6% | 17.4% | 13.8% | 15.6% | 17.6% | 21.1% |
| Operating margin | -3.9% | 3.4% | -7.5% | -9.5% | 0.7% | 3.2% |
| Net margin | -7.7% | 1.6% | -9.0% | -8.7% | 0.7% | 2.7% |
| Return on equity | -7.5% | 1.6% | -9.5% | -9.8% | 0.8% | 3.9% |
| Return on assets | -3.8% | 0.9% | -5.2% | -5.4% | 0.4% | 1.6% |
| Free cash flow yield | 5.0% | 2.1% | 4.2% | 4.2% | -0.5% | 6.4% |
| Revenue growth | -9.9% | -3.7% | -14.1% | -7.6% | 2.0% | 0.7% |
| Earnings growth | -532.0% | -117.3% | -11.8% | -1234.7% | -73.5% | 34.3% |
| Current ratio | 1.86x | 2.07x | 1.69x | 1.64x | 1.59x | 1.43x |
| Debt to equity | 0.10x | 0.18x | 0.18x | 0.21x | 0.42x | 0.62x |
| Equity ratio | 50.4% | 57.4% | 54.2% | 54.9% | 50.0% | 42.3% |
| Interest coverage | -6.11x | 3.57x | -5.75x | -6.64x | 0.40x | 1.22x |
| R&D as a share of sales | 6.0% | 5.0% | 5.9% | 5.5% | 4.8% | 5.3% |
| Buybacks as a share of market value | -0.2% | 0.2% | -0.1% | 5.4% | -25.1% | -1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | -6.8% | -0.7% |
| Net income | -13.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.5% | 16.0% | 17.3% | — |
| Net margin | -2.8% | -6.1% | -3.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.3 | 127.4 | -22.1 | -11.9 | 203.2 | 45.8 | 66.5 | -15.7 | — |
| Price to sales | 2.6 | 2.0 | 2.0 | 1.0 | 1.4 | 1.3 | 1.4 | 1.7 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|
| Paid in the year | 0.009 | 0.041 | 0.041 | 0.123 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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