C 
10.90
-0.37%
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¥503.6m
FY2016FY2025
Net income
−CN¥119.6m
FY2016FY2025
Free cash flow
CN¥105.4m
FY2016FY2025
Shareholders' equity
CN¥529.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥503.6m | CN¥347.9m | CN¥448.4m | CN¥799.7m | CN¥1.31bn | CN¥1.15bn | CN¥906.9m | CN¥771.4m | CN¥742.5m | CN¥630.9m |
| Gross profit | CN¥25.7m | CN¥14.2m | CN¥17.3m | CN¥74.8m | CN¥184.6m | CN¥195.9m | CN¥189.3m | CN¥182.8m | CN¥181.8m | CN¥144.3m |
| Research and development | CN¥12.4m | CN¥6.7m | CN¥14.3m | CN¥25.7m | CN¥45.8m | CN¥40.8m | CN¥35.0m | CN¥24.5m | CN¥23.6m | CN¥20.2m |
| Operating income | −CN¥84.7m | −CN¥89.3m | −CN¥122.3m | −CN¥53.2m | CN¥20.3m | CN¥42.3m | CN¥34.2m | CN¥74.5m | CN¥88.3m | CN¥75.4m |
| Net income | −CN¥119.6m | −CN¥99.5m | −CN¥108.1m | −CN¥55.4m | CN¥21.9m | CN¥41.4m | CN¥31.5m | CN¥56.1m | CN¥68.5m | CN¥60.7m |
| Diluted earnings per share | -0.35 | -0.47 | -0.37 | -0.32 | 0.05 | 0.19 | 0.15 | 0.22 | 0.21 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.57bn | CN¥2.73bn | CN¥2.87bn | CN¥3.01bn | CN¥2.97bn | CN¥2.42bn | CN¥2.06bn | CN¥1.65bn | CN¥1.30bn | CN¥890.0m |
| Cash and short-term investments | CN¥86.1m | CN¥43.3m | CN¥105.6m | CN¥181.9m | CN¥303.9m | CN¥258.5m | CN¥348.4m | CN¥113.8m | CN¥110.2m | CN¥89.5m |
| Total liabilities | CN¥1.96bn | CN¥2.04bn | CN¥2.09bn | CN¥2.13bn | CN¥2.03bn | CN¥1.49bn | CN¥1.18bn | CN¥805.3m | CN¥496.5m | CN¥465.3m |
| Debt | CN¥1.07bn | CN¥1.01bn | CN¥1.17bn | CN¥1.30bn | CN¥1.14bn | CN¥846.4m | CN¥591.3m | CN¥355.1m | CN¥115.0m | CN¥109.1m |
| Shareholders' equity | CN¥529.2m | CN¥649.0m | CN¥748.5m | CN¥856.6m | CN¥913.4m | CN¥910.6m | CN¥862.6m | CN¥842.4m | CN¥800.0m | CN¥424.8m |
| Shares outstanding | 338m | 211m | 295m | 175m | 422m | 223m | 208m | 259m | 321m | 205m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥138.9m | CN¥67.2m | CN¥83.2m | −CN¥298.2m | −CN¥147.0m | −CN¥320.2m | −CN¥123.4m | −CN¥50.5m | −CN¥135.5m | CN¥46.6m |
| Capital spending | −CN¥33.5m | −CN¥6.0m | −CN¥2.1m | −CN¥4.0m | −CN¥32.5m | −CN¥3.1m | −CN¥4.8m | −CN¥17.0m | −CN¥4.0m | −CN¥1.3m |
| Free cash flow | CN¥105.4m | CN¥61.3m | CN¥81.1m | −CN¥302.2m | −CN¥179.6m | −CN¥323.3m | −CN¥128.2m | −CN¥67.5m | −CN¥139.6m | CN¥45.3m |
| Dividends paid | −CN¥43.9m | −CN¥53.0m | −CN¥59.7m | −CN¥4.0m | −CN¥20.3m | −CN¥6.5m | −CN¥11.4m | −CN¥30.8m | −CN¥7.6m | −CN¥5.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥147.1m | CN¥194.5m | CN¥197.8m | CN¥98.9m | CN¥109.8m | CN¥97.0m | CN¥210.4m | CN¥40.0m |
| Gross profit | CN¥11.5m | CN¥20.0m | −CN¥5.2m | CN¥14.6m | CN¥12.4m | CN¥3.9m | CN¥8.4m | CN¥368,147 |
| Operating income | −CN¥2.9m | CN¥8.4m | −CN¥94.1m | CN¥4.4m | CN¥151,995 | CN¥4.8m | −CN¥74.5m | −CN¥11.9m |
| Net income | −CN¥1.1m | CN¥23.5m | −CN¥112.3m | CN¥3.2m | −CN¥13.4m | CN¥3.0m | −CN¥82.8m | −CN¥11.4m |
| Diluted earnings per share | -0.00 | 0.07 | -0.33 | 0.01 | -0.04 | 0.01 | -0.39 | -0.05 |
| Cash from operations | — | — | CN¥70.0m | CN¥1.0m | CN¥55.0m | CN¥11.0m | — | CN¥67.0m |
| Capital spending | −CN¥6.0m | — | −CN¥4.0m | −CN¥8.0m | −CN¥20.0m | — | −CN¥5.0m | — |
| Free cash flow | — | — | CN¥66.0m | −CN¥7.0m | CN¥35.0m | — | — | — |
| Total assets | CN¥2.66bn | CN¥2.58bn | CN¥2.57bn | CN¥2.63bn | CN¥2.60bn | CN¥2.66bn | CN¥2.73bn | CN¥2.66bn |
| Cash and short-term investments | — | — | CN¥86.1m | CN¥62.5m | CN¥61.9m | CN¥46.3m | CN¥43.3m | CN¥58.4m |
| Debt | CN¥780.5m | CN¥804.2m | CN¥1.06bn | CN¥258.7m | CN¥978.6m | CN¥1.01bn | CN¥1.00bn | CN¥1.10bn |
| Shareholders' equity | CN¥551.6m | CN¥552.6m | CN¥529.2m | CN¥641.5m | CN¥638.6m | CN¥652.0m | CN¥649.0m | CN¥731.8m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.1% | 4.1% | 3.9% | 9.4% | 14.0% | 17.1% |
| Operating margin | -7.4% | -9.2% | -13.8% | 1.2% | 3.1% | 5.1% |
| Net margin | -23.8% | -28.6% | -24.1% | -6.9% | 1.7% | 3.6% |
| Return on equity | -22.6% | -15.3% | -14.4% | -6.5% | 2.4% | 4.5% |
| Return on assets | -4.7% | -3.6% | -3.8% | -1.8% | 0.7% | 1.7% |
| Free cash flow yield | 4.1% | 2.8% | 2.3% | -13.4% | -2.2% | -11.4% |
| Revenue growth | 44.7% | -22.4% | -43.9% | -39.1% | 14.5% | 26.5% |
| Earnings growth | 20.2% | -8.0% | 95.1% | -352.6% | -47.1% | 31.4% |
| Current ratio | 1.13x | 1.21x | 1.28x | 1.30x | 1.50x | 1.84x |
| Debt to equity | 2.01x | 1.54x | 1.56x | 1.41x | 1.23x | 0.89x |
| Equity ratio | 20.6% | 23.8% | 26.1% | 28.4% | 30.8% | 37.6% |
| Interest coverage | -0.82x | -0.60x | -1.04x | 0.17x | 1.98x | 3.62x |
| R&D as a share of sales | 2.5% | 1.9% | 3.2% | 3.2% | 3.5% | 3.6% |
| Buybacks as a share of market value | -59.8% | 28.4% | -68.5% | 58.5% | -89.8% | -6.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.3% | -15.2% | 2.4% |
| Operating income | 16.8% | — | — |
| Net income | 29.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.7% | 6.3% | 11.2% | 16.4% |
| Operating margin | -20.4% | -16.7% | -6.3% | 0.3% |
| Net margin | -25.7% | -18.2% | -7.0% | -0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -41.0 | -10.0 | -18.4 | -18.0 | 106.3 | 30.3 | 47.2 | 27.5 | 51.8 |
| Price to sales | 9.7 | 2.9 | 4.4 | 1.3 | 1.8 | 1.1 | 1.6 | 2.0 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.077 | 0.025 | 0.043 | 0.052 |
- 13-for-10 split · 24 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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