K 
13.75
+0.07%
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¥357.6m
FY2016FY2025
Net income
−CN¥84.8m
FY2016FY2025
Free cash flow
−CN¥29.4m
FY2016FY2025
Shareholders' equity
CN¥1.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥357.6m | CN¥529.3m | CN¥561.3m | CN¥659.5m | CN¥611.1m | CN¥444.8m | CN¥370.5m | CN¥308.6m | CN¥271.7m | CN¥232.1m |
| Gross profit | CN¥175.9m | CN¥274.1m | CN¥264.4m | CN¥257.6m | CN¥316.0m | CN¥244.8m | CN¥217.0m | CN¥183.8m | CN¥163.2m | CN¥130.9m |
| Research and development | CN¥86.5m | CN¥86.4m | CN¥85.1m | CN¥91.4m | CN¥106.2m | CN¥76.9m | CN¥61.1m | CN¥55.9m | CN¥40.6m | CN¥24.0m |
| Operating income | — | CN¥28.1m | CN¥44.7m | −CN¥9.7m | CN¥90.3m | CN¥61.4m | CN¥66.0m | CN¥65.8m | CN¥67.7m | CN¥55.0m |
| Net income | −CN¥84.8m | CN¥36.8m | CN¥37.0m | −CN¥8.7m | CN¥79.7m | CN¥57.1m | CN¥70.1m | CN¥71.8m | CN¥70.2m | CN¥56.4m |
| Diluted earnings per share | -0.37 | 0.18 | 0.17 | -0.05 | 0.32 | 0.24 | 0.44 | 0.36 | 0.33 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.56bn | CN¥1.67bn | CN¥1.66bn | CN¥1.75bn | CN¥1.90bn | CN¥1.62bn | CN¥855.2m | CN¥724.8m | CN¥661.1m | CN¥352.9m |
| Cash and short-term investments | — | CN¥462.7m | CN¥418.3m | CN¥493.8m | CN¥506.0m | CN¥1.06bn | CN¥335.4m | CN¥57.0m | CN¥83.2m | CN¥115.7m |
| Total liabilities | CN¥231.5m | CN¥250.5m | CN¥259.5m | CN¥371.9m | CN¥507.8m | CN¥294.3m | CN¥190.5m | CN¥102.0m | CN¥86.3m | CN¥55.3m |
| Debt | CN¥40.1m | CN¥56.0m | CN¥10.1m | CN¥5.5m | CN¥771,939 | — | — | CN¥783,055 | — | CN¥5.9m |
| Shareholders' equity | CN¥1.33bn | CN¥1.42bn | CN¥1.40bn | CN¥1.37bn | CN¥1.40bn | CN¥1.33bn | CN¥663.7m | CN¥621.8m | CN¥574.4m | CN¥296.9m |
| Shares outstanding | 232m | 207m | 223m | 181m | 252m | 238m | 159m | 202m | 212m | 179m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥25.8m | −CN¥12.0m | −CN¥61.1m | −CN¥33.6m | −CN¥12.6m | CN¥146.0m | CN¥82.3m | −CN¥1.8m | CN¥19.2m | CN¥41.9m |
| Capital spending | −CN¥3.6m | −CN¥114.4m | −CN¥51.1m | −CN¥12.8m | −CN¥100.8m | −CN¥48.5m | −CN¥28.8m | −CN¥25.1m | −CN¥21.2m | −CN¥8.9m |
| Free cash flow | −CN¥29.4m | −CN¥126.5m | −CN¥112.2m | −CN¥46.4m | −CN¥113.5m | CN¥97.4m | CN¥53.6m | −CN¥26.9m | −CN¥2.0m | CN¥33.0m |
| Dividends paid | −CN¥13.4m | −CN¥14.1m | −CN¥70,833 | −CN¥30.1m | −CN¥23.2m | −CN¥21.8m | −CN¥23.9m | −CN¥24.4m | −CN¥5.5m | −CN¥5.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥61.4m | CN¥65.9m | CN¥122.1m | CN¥119.7m | CN¥70.0m | CN¥45.7m | CN¥196.5m | CN¥139.5m |
| Gross profit | CN¥26.3m | CN¥30.8m | CN¥55.3m | CN¥61.0m | CN¥43.7m | CN¥15.9m | CN¥120.1m | CN¥75.3m |
| Operating income | −CN¥32.8m | −CN¥35.2m | −CN¥2.3m | CN¥6.7m | −CN¥22.9m | −CN¥49.2m | CN¥67.3m | CN¥10.4m |
| Net income | −CN¥32.6m | −CN¥28.6m | −CN¥19.4m | CN¥7.3m | −CN¥22.5m | −CN¥50.2m | CN¥74.8m | CN¥12.4m |
| Diluted earnings per share | -0.14 | -0.12 | -0.08 | 0.03 | -0.10 | -0.22 | 0.36 | 0.06 |
| Cash from operations | — | — | — | — | −CN¥23.0m | −CN¥67.0m | — | −CN¥11.0m |
| Capital spending | — | — | — | — | −CN¥5.0m | −CN¥1.0m | −CN¥60.0m | −CN¥47.0m |
| Free cash flow | — | — | — | — | −CN¥28.0m | −CN¥68.0m | — | −CN¥58.0m |
| Total assets | CN¥1.55bn | CN¥1.60bn | CN¥1.56bn | CN¥1.58bn | CN¥1.55bn | CN¥1.60bn | CN¥1.67bn | CN¥1.61bn |
| Cash and short-term investments | — | — | — | CN¥270.6m | CN¥283.4m | CN¥338.1m | CN¥462.7m | CN¥299.9m |
| Debt | CN¥37.9m | CN¥39.0m | CN¥40.1m | CN¥9.2m | CN¥42.3m | CN¥43.4m | CN¥54.5m | — |
| Shareholders' equity | CN¥1.27bn | CN¥1.30bn | CN¥1.33bn | CN¥1.35bn | CN¥1.34bn | CN¥1.37bn | CN¥1.42bn | CN¥1.34bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 49.2% | 51.8% | 47.1% | 39.1% | 51.7% | 55.0% | — | — | — |
| Operating margin | -27.1% | 5.4% | 7.7% | -2.1% | 14.9% | 14.4% | — | — | — |
| Net margin | -23.7% | 7.0% | 6.6% | -1.3% | 13.0% | 12.8% | — | — | — |
| Return on equity | -6.4% | 2.6% | 2.6% | -0.6% | 5.7% | 4.3% | — | — | — |
| Return on assets | -5.4% | 2.2% | 2.2% | -0.5% | 4.2% | 3.5% | — | — | — |
| Free cash flow yield | -0.6% | 2.9% | -0.3% | -0.7% | 2.0% | 4.7% | — | — | — |
| Revenue growth | -32.4% | -5.7% | -14.9% | 7.9% | 37.4% | 20.0% | — | — | — |
| Earnings growth | -330.3% | -0.4% | -524.3% | -110.9% | 39.6% | -18.5% | — | — | — |
| Current ratio | 5.66x | 6.12x | 5.24x | 3.99x | 3.21x | 5.05x | — | — | — |
| Debt to equity | 0.03x | 0.04x | 0.01x | — | — | — | 0.02x | 0.04x | 0.06x |
| Equity ratio | 85.2% | 85.0% | 84.4% | 78.7% | 73.3% | 81.8% | — | — | — |
| Interest coverage | -50.32x | 36.75x | 115.30x | -40.17x | 461.45x | 504.10x | — | — | — |
| R&D as a share of sales | 24.2% | 16.3% | 15.2% | 13.9% | 17.4% | 17.3% | — | — | — |
| Buybacks as a share of market value | -11.9% | 7.0% | -23.2% | 28.3% | -5.8% | -49.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.5% | -4.3% | 6.8% |
| Net income | 113.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.7% | 46.1% | 48.4% | 51.6% |
| Net margin | -5.4% | -0.9% | 3.7% | 9.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -62.8 | 72.5 | 82.5 | -315.5 | 51.0 | 93.2 | 30.5 | 13.2 | 15.4 |
| Price to sales | 14.9 | 5.0 | 5.4 | 4.2 | 6.7 | 11.9 | 5.8 | 3.1 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 25 Jun 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.06 | 0.13 | 0.10 | 0.106 | 0.116 | 0.118 |
- 6-for-5 split · 1 Jun 2021
- 1.42-for-1 split · 1 Jun 2020
- 1.42-for-1 split · 30 May 2019
- 7-for-5 split · 15 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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