B 
15.32
+3.30%
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¥512.0m
FY2016FY2025
Net income
−CN¥47.2m
FY2016FY2025
Free cash flow
−CN¥60.6m
FY2016FY2025
Shareholders' equity
CN¥845.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥512.0m | CN¥372.5m | CN¥261.8m | CN¥302.9m | CN¥420.6m | CN¥396.7m | CN¥551.3m | CN¥536.8m | CN¥518.1m | CN¥470.3m |
| Gross profit | CN¥234.1m | CN¥139.6m | CN¥103.0m | CN¥108.8m | CN¥148.7m | CN¥122.5m | CN¥164.2m | CN¥142.4m | CN¥109.9m | CN¥96.4m |
| Research and development | CN¥108.0m | CN¥67.3m | CN¥134.9m | CN¥98.1m | CN¥73.6m | CN¥47.7m | CN¥47.4m | CN¥39.9m | CN¥25.2m | CN¥19.3m |
| Operating income | −CN¥57.3m | −CN¥57.7m | −CN¥106.6m | −CN¥78.4m | CN¥7.5m | CN¥38.5m | CN¥69.4m | CN¥65.0m | CN¥66.6m | CN¥48.2m |
| Net income | −CN¥47.2m | −CN¥63.3m | −CN¥81.2m | −CN¥63.8m | CN¥11.3m | CN¥34.7m | CN¥58.8m | CN¥54.2m | CN¥56.9m | CN¥43.6m |
| Diluted earnings per share | -0.16 | -0.21 | -0.30 | -0.21 | 0.03 | 0.15 | 0.22 | 0.22 | 0.20 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.25bn | CN¥1.06bn | CN¥909.8m | CN¥1.02bn | CN¥1.09bn | CN¥720.1m | CN¥690.0m | CN¥659.1m | CN¥608.3m | CN¥401.7m |
| Cash and short-term investments | — | CN¥636.1m | CN¥645.2m | CN¥748.0m | CN¥859.5m | CN¥460.9m | CN¥382.0m | CN¥368.4m | CN¥299.0m | CN¥105.1m |
| Total liabilities | CN¥400.7m | CN¥253.3m | CN¥114.0m | CN¥156.0m | CN¥170.0m | CN¥210.2m | CN¥202.4m | CN¥225.5m | CN¥227.6m | CN¥236.9m |
| Debt | — | CN¥108.1m | CN¥594,376 | CN¥10.8m | CN¥9.6m | CN¥13.7m | CN¥54.0m | CN¥60.7m | CN¥55.7m | CN¥47.9m |
| Shareholders' equity | CN¥845.8m | CN¥816.1m | CN¥820.9m | CN¥887.1m | CN¥939.1m | CN¥516.1m | CN¥489.4m | CN¥435.4m | CN¥382.1m | CN¥165.9m |
| Shares outstanding | 296m | 302m | 269m | 308m | 356m | 232m | 261m | 242m | 285m | 246m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥43.5m | CN¥27.7m | −CN¥58.0m | −CN¥40.3m | −CN¥17.9m | CN¥85.4m | CN¥31.2m | CN¥77.1m | CN¥19.5m | CN¥43.8m |
| Capital spending | −CN¥104.1m | −CN¥124.4m | −CN¥22.0m | −CN¥47.2m | −CN¥4.6m | −CN¥1.8m | −CN¥4.2m | −CN¥6.6m | −CN¥8.6m | −CN¥9.8m |
| Free cash flow | −CN¥60.6m | −CN¥96.7m | −CN¥80.0m | −CN¥87.5m | −CN¥22.5m | CN¥83.6m | CN¥26.9m | CN¥70.5m | CN¥10.9m | CN¥34.0m |
| Dividends paid | — | −CN¥77,159 | −CN¥58,676 | −CN¥7.3m | −CN¥5.1m | −CN¥8.4m | −CN¥16.5m | −CN¥17.1m | −CN¥9.9m | −CN¥8.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥92.8m | CN¥99.3m | CN¥198.0m | CN¥81.6m | CN¥151.1m | CN¥81.3m | CN¥105.6m | CN¥62.9m |
| Gross profit | CN¥37.0m | CN¥34.0m | CN¥106.4m | CN¥40.9m | CN¥46.7m | CN¥40.1m | CN¥36.8m | CN¥35.9m |
| Operating income | −CN¥53.2m | −CN¥47.8m | CN¥29.2m | −CN¥33.3m | −CN¥30.3m | −CN¥17.6m | −CN¥8.3m | −CN¥19.2m |
| Net income | −CN¥53.1m | −CN¥41.8m | CN¥28.2m | −CN¥30.7m | −CN¥27.0m | −CN¥17.7m | −CN¥19.7m | −CN¥19.5m |
| Diluted earnings per share | -0.18 | -0.14 | 0.10 | -0.10 | -0.09 | -0.06 | -0.07 | -0.06 |
| Cash from operations | — | — | — | −CN¥12.0m | CN¥37.0m | −CN¥14.0m | — | −CN¥16.0m |
| Capital spending | −CN¥21.0m | −CN¥21.0m | −CN¥31.0m | −CN¥23.0m | −CN¥25.0m | −CN¥23.0m | −CN¥42.0m | −CN¥30.0m |
| Free cash flow | — | — | — | −CN¥35.0m | CN¥12.0m | −CN¥37.0m | — | −CN¥46.0m |
| Total assets | CN¥1.01bn | CN¥1.06bn | CN¥1.25bn | CN¥1.03bn | CN¥1.08bn | CN¥1.11bn | CN¥1.06bn | CN¥1.05bn |
| Cash and short-term investments | — | — | — | CN¥570.9m | CN¥608.4m | CN¥595.9m | CN¥636.1m | CN¥639.4m |
| Debt | — | — | — | CN¥4.6m | CN¥102.8m | CN¥6.6m | — | — |
| Shareholders' equity | CN¥762.4m | CN¥808.9m | CN¥845.8m | CN¥767.1m | CN¥790.3m | CN¥808.2m | CN¥816.1m | CN¥826.2m |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 45.7% | 37.5% | 39.3% | 35.9% | 35.4% | 30.9% | — | — | — | — | — |
| Operating margin | -10.1% | -15.5% | -40.7% | -25.7% | 1.9% | 9.7% | — | — | — | — | — |
| Net margin | -9.2% | -17.0% | -31.0% | -21.1% | 2.7% | 8.7% | — | — | — | — | — |
| Return on equity | -5.6% | -7.8% | -9.9% | -7.2% | 1.2% | 6.7% | — | — | — | — | — |
| Return on assets | -3.8% | -6.0% | -8.9% | -6.2% | 1.0% | 4.8% | — | — | — | — | — |
| Free cash flow yield | 3.6% | 3.6% | -1.0% | 0.2% | -0.3% | 2.7% | — | — | — | — | — |
| Revenue growth | 37.5% | 42.3% | -13.6% | -28.0% | 6.0% | -28.0% | — | — | — | — | — |
| Earnings growth | -25.4% | -22.0% | 27.3% | -665.7% | -67.5% | -41.0% | — | — | — | — | — |
| Current ratio | 2.45x | 3.32x | 7.06x | 6.53x | 7.42x | 3.84x | — | — | — | — | — |
| Debt to equity | — | 0.13x | — | — | — | — | -0.10x | -0.12x | 0.01x | 0.26x | 0.12x |
| Equity ratio | 67.8% | 77.3% | 90.2% | 86.6% | 85.8% | 71.7% | — | — | — | — | — |
| Interest coverage | -194.10x | -143.60x | -277.43x | -129.87x | 28.30x | 332.48x | — | — | — | — | — |
| R&D as a share of sales | 21.1% | 18.1% | 51.5% | 32.4% | 17.5% | 12.0% | — | — | — | — | — |
| Buybacks as a share of market value | 2.2% | -12.3% | 12.7% | 13.5% | -53.6% | 11.2% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.1% | 5.2% | 2.7% |
| Operating income | -9.9% | — | — |
| Net income | -9.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.2% | 40.4% | 37.8% | 30.7% |
| Operating margin | -13.0% | -20.7% | -11.2% | 0.8% |
| Net margin | -12.5% | -17.6% | -9.2% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -89.0 | -68.6 | -59.0 | -99.3 | — | 95.5 | 49.8 | 29.4 | 40.1 |
| Price to sales | 8.2 | 11.7 | 18.3 | 20.9 | 13.5 | 8.3 | 5.3 | 3.0 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.026 | 0.02 | 0.033 | 0.066 | 0.068 | 0.071 |
- 6-for-5 split · 30 Jun 2020
- 7-for-5 split · 11 Jul 2019
- 7-for-5 split · 4 Jul 2018
- 13-for-10 split · 28 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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