B 
35.90
+0.93%
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¥917.8m
FY2016FY2025
Net income
CN¥22.2m
FY2016FY2025
Free cash flow
CN¥90.5m
FY2016FY2025
Shareholders' equity
CN¥1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥917.8m | CN¥827.8m | CN¥704.6m | CN¥713.2m | CN¥1.09bn | CN¥808.7m | CN¥1.17bn | CN¥546.1m | CN¥565.3m | CN¥523.6m |
| Gross profit | CN¥325.2m | CN¥259.8m | CN¥186.6m | CN¥34.7m | CN¥288.9m | CN¥174.2m | CN¥408.5m | CN¥208.2m | CN¥192.4m | CN¥191.3m |
| Research and development | CN¥244.6m | CN¥273.1m | CN¥298.9m | CN¥287.7m | CN¥217.6m | CN¥122.3m | CN¥99.0m | CN¥77.7m | CN¥69.1m | CN¥64.9m |
| Operating income | −CN¥14.9m | −CN¥24.4m | −CN¥95.8m | −CN¥245.0m | CN¥52.3m | CN¥29.9m | CN¥276.7m | CN¥133.6m | CN¥91.8m | CN¥105.2m |
| Net income | CN¥22.2m | −CN¥24.7m | −CN¥94.0m | −CN¥238.1m | CN¥58.5m | CN¥33.2m | CN¥252.4m | CN¥123.9m | CN¥87.4m | CN¥104.1m |
| Diluted earnings per share | 0.13 | -0.14 | -0.65 | -0.40 | 0.39 | 0.24 | 1.80 | 1.21 | 0.84 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.96bn | CN¥1.92bn | CN¥1.92bn | CN¥2.02bn | CN¥2.33bn | CN¥2.18bn | CN¥1.60bn | CN¥537.0m | CN¥386.1m | CN¥549.2m |
| Cash and short-term investments | — | CN¥945.0m | CN¥1.06bn | CN¥1.08bn | CN¥1.48bn | CN¥1.35bn | CN¥842.8m | CN¥163.7m | CN¥98.9m | CN¥224.2m |
| Total liabilities | CN¥280.9m | CN¥258.4m | CN¥221.2m | CN¥222.1m | CN¥306.2m | CN¥189.6m | CN¥336.1m | CN¥102.6m | CN¥76.0m | CN¥326.1m |
| Debt | — | CN¥111.0m | CN¥43.5m | CN¥30.6m | CN¥69.7m | — | CN¥56.7m | — | — | — |
| Shareholders' equity | CN¥1.70bn | CN¥1.67bn | CN¥1.71bn | CN¥1.80bn | CN¥2.03bn | CN¥1.99bn | CN¥1.26bn | CN¥434.4m | CN¥310.1m | CN¥223.1m |
| Shares outstanding | 170m | 174m | 145m | 600m | 150m | 140m | 140m | 102m | 104m | 170m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥114.3m | −CN¥105.6m | CN¥41.0m | −CN¥201.8m | CN¥166.8m | CN¥63.1m | CN¥25.2m | CN¥84.4m | CN¥53.8m | CN¥60.5m |
| Capital spending | −CN¥23.8m | −CN¥46.3m | −CN¥44.1m | −CN¥35.9m | −CN¥46.7m | −CN¥150.2m | −CN¥26.7m | −CN¥4.0m | −CN¥8.3m | −CN¥5.3m |
| Free cash flow | CN¥90.5m | −CN¥151.9m | −CN¥3.1m | −CN¥237.7m | CN¥120.1m | −CN¥87.1m | −CN¥1.5m | CN¥80.4m | CN¥45.5m | CN¥55.2m |
| Dividends paid | −CN¥1.9m | −CN¥10.5m | −CN¥942,427 | −CN¥30.3m | −CN¥30.1m | −CN¥51.3m | −CN¥23.2m | −CN¥23.7m | −CN¥173.8m | −CN¥173.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥328.1m | CN¥310.5m | CN¥293.7m | CN¥248.9m | CN¥209.8m | CN¥165.4m | CN¥252.1m | CN¥237.2m |
| Gross profit | CN¥99.0m | CN¥89.6m | CN¥79.4m | CN¥75.7m | CN¥60.7m | CN¥47.1m | CN¥71.7m | CN¥82.0m |
| Operating income | CN¥40.5m | CN¥10.3m | CN¥6.3m | −CN¥15.2m | CN¥2.5m | CN¥16.6m | CN¥8.8m | CN¥3.2m |
| Net income | CN¥34.3m | CN¥16.2m | CN¥12.9m | −CN¥9.9m | CN¥2.7m | CN¥16.5m | CN¥9.3m | CN¥4.9m |
| Diluted earnings per share | 0.20 | 0.10 | 0.08 | -0.06 | 0.02 | 0.10 | 0.05 | 0.03 |
| Cash from operations | — | — | — | CN¥23.0m | CN¥53.0m | CN¥102.0m | — | −CN¥94.0m |
| Capital spending | −CN¥8.0m | −CN¥12.0m | −CN¥3.0m | −CN¥6.0m | −CN¥8.0m | −CN¥5.0m | −CN¥15.0m | −CN¥7.0m |
| Free cash flow | — | — | — | CN¥17.0m | CN¥45.0m | CN¥97.0m | — | −CN¥101.0m |
| Total assets | CN¥2.17bn | CN¥2.12bn | CN¥1.96bn | CN¥2.00bn | CN¥1.98bn | CN¥1.83bn | CN¥1.92bn | CN¥2.13bn |
| Cash and short-term investments | — | — | — | CN¥1.12bn | CN¥1.10bn | CN¥958.9m | CN¥945.0m | CN¥1.05bn |
| Debt | — | — | — | CN¥100.0m | CN¥100.0m | — | CN¥111.0m | CN¥211.0m |
| Shareholders' equity | CN¥1.79bn | CN¥1.76bn | CN¥1.70bn | CN¥1.68bn | CN¥1.69bn | CN¥1.69bn | CN¥1.67bn | CN¥1.67bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 28.6% | 31.4% | 26.5% | 4.9% | 26.4% | 21.5% | — |
| Operating margin | 2.1% | -2.5% | -13.5% | -34.2% | 4.8% | 3.7% | — |
| Net margin | 2.4% | -3.0% | -13.3% | -33.4% | 5.3% | 4.1% | — |
| Return on equity | 1.3% | -1.5% | -5.5% | -13.2% | 2.9% | 1.7% | — |
| Return on assets | 1.1% | -1.3% | -4.9% | -11.8% | 2.5% | 1.5% | — |
| Free cash flow yield | 2.0% | -0.8% | 1.5% | -0.7% | 3.5% | 3.8% | — |
| Revenue growth | 10.9% | 17.5% | -1.2% | -34.9% | 35.4% | -31.2% | — |
| Earnings growth | -189.9% | -73.7% | -60.5% | -507.2% | 76.0% | -86.8% | — |
| Current ratio | 6.28x | 6.48x | 7.83x | 7.80x | 6.90x | 10.97x | — |
| Debt to equity | — | 0.07x | 0.02x | 0.01x | 0.03x | — | 0.04x |
| Equity ratio | 86.5% | 87.1% | 88.8% | 89.1% | 86.9% | 91.3% | — |
| Interest coverage | 21.51x | -6.72x | -75.06x | -163.90x | 91.81x | 30.51x | — |
| R&D as a share of sales | 26.6% | 33.0% | 42.4% | 40.3% | 19.9% | 15.1% | — |
| Buybacks as a share of market value | 2.2% | -19.7% | 75.8% | -300.1% | -7.3% | 0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.8% | 2.6% | 7.5% |
| Operating income | -60.6% | — | — |
| Net income | — | -7.7% | -13.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.5% | 25.5% | 25.1% | 29.5% |
| Operating margin | -2.3% | -12.0% | -5.9% | 4.9% |
| Net margin | -0.1% | -10.6% | -4.8% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 286.9 | -194.5 | -45.0 | -71.7 | 137.3 | 358.6 | 50.1 |
| Price to sales | 7.0 | 5.8 | 6.0 | 23.9 | 7.3 | 14.7 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Aug 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.20 | 0.20 | 0.37 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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