A 
6.90
-0.72%
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¥170.6m
FY2016FY2025
Net income
−CN¥18.2m
FY2016FY2025
Free cash flow
−CN¥90.2m
FY2016FY2025
Shareholders' equity
CN¥1.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥170.6m | CN¥458.0m | CN¥662.5m | CN¥827.9m | CN¥703.7m | CN¥464.2m | CN¥671.5m | CN¥458.4m | CN¥233.9m | CN¥187.2m |
| Gross profit | CN¥1.6m | CN¥156.3m | CN¥259.7m | CN¥299.5m | CN¥257.7m | CN¥173.2m | CN¥293.9m | CN¥216.6m | CN¥129.9m | CN¥96.8m |
| Research and development | CN¥13.6m | CN¥23.8m | CN¥35.2m | CN¥38.4m | CN¥39.4m | CN¥38.1m | CN¥36.3m | CN¥29.2m | CN¥16.0m | CN¥10.1m |
| Operating income | −CN¥38.0m | CN¥93.6m | CN¥143.9m | CN¥196.7m | CN¥162.5m | CN¥78.1m | CN¥235.5m | CN¥136.4m | CN¥108.6m | CN¥60.3m |
| Net income | −CN¥18.2m | −CN¥72.5m | CN¥116.7m | CN¥166.9m | CN¥136.9m | CN¥71.8m | CN¥201.7m | CN¥115.4m | CN¥99.2m | CN¥52.8m |
| Diluted earnings per share | -0.04 | -0.12 | 0.22 | 0.33 | 0.24 | 0.14 | 0.36 | 0.25 | 0.20 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.36bn | CN¥1.40bn | CN¥1.88bn | CN¥1.88bn | CN¥1.84bn | CN¥1.62bn | CN¥1.60bn | CN¥1.03bn | CN¥755.6m | CN¥322.8m |
| Cash and short-term investments | CN¥801.7m | CN¥757.9m | CN¥1.01bn | CN¥868.5m | CN¥792.4m | CN¥637.7m | CN¥512.0m | CN¥114.7m | CN¥48.5m | CN¥81.6m |
| Total liabilities | CN¥80.2m | CN¥151.3m | CN¥325.9m | CN¥436.4m | CN¥508.5m | CN¥378.8m | CN¥404.1m | CN¥394.8m | CN¥223.8m | CN¥119.5m |
| Debt | CN¥33.7m | CN¥69.4m | CN¥155.4m | CN¥167.2m | CN¥635,716 | CN¥182.6m | CN¥6.2m | CN¥28.4m | CN¥125.2m | CN¥23.0m |
| Shareholders' equity | CN¥1.27bn | CN¥1.24bn | CN¥1.54bn | CN¥1.42bn | CN¥1.30bn | CN¥1.21bn | CN¥1.17bn | CN¥620.1m | CN¥531.9m | CN¥203.3m |
| Shares outstanding | 493m | 599m | 523m | 507m | 576m | 520m | 560m | 470m | 484m | 365m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥86.0m | −CN¥58.6m | CN¥230.9m | CN¥226.6m | CN¥263.8m | CN¥173.6m | CN¥217.3m | CN¥115.5m | CN¥99.5m | CN¥73.1m |
| Capital spending | −CN¥4.2m | −CN¥4.2m | −CN¥22.8m | −CN¥17.7m | −CN¥53.4m | −CN¥83.1m | −CN¥166.2m | −CN¥195.0m | −CN¥55.3m | −CN¥16.7m |
| Free cash flow | −CN¥90.2m | −CN¥62.8m | CN¥208.2m | CN¥208.9m | CN¥210.3m | CN¥90.5m | CN¥51.1m | −CN¥79.5m | CN¥44.2m | CN¥56.4m |
| Dividends paid | — | −CN¥75.4m | — | −CN¥75.4m | −CN¥37.3m | −CN¥70.2m | −CN¥38.1m | −CN¥27.4m | −CN¥27.4m | −CN¥6.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.8m | CN¥28.1m | CN¥42.9m | CN¥24.3m | CN¥24.8m | CN¥79.2m | CN¥51.4m | CN¥122.7m |
| Gross profit | −CN¥5.6m | CN¥2.7m | −CN¥2.4m | CN¥1.2m | CN¥2.8m | CN¥8.1m | CN¥7.5m | CN¥28.7m |
| Operating income | −CN¥14.2m | −CN¥7.8m | −CN¥20.7m | −CN¥5.0m | −CN¥828,004 | CN¥2.1m | −CN¥7.9m | CN¥15.8m |
| Net income | −CN¥13.2m | −CN¥4.4m | −CN¥12.2m | −CN¥4.6m | −CN¥2.6m | CN¥1.2m | −CN¥18.5m | CN¥15.2m |
| Diluted earnings per share | -0.03 | -0.01 | -0.02 | -0.01 | -0.01 | 0.00 | -0.03 | 0.03 |
| Cash from operations | — | — | −CN¥51.0m | −CN¥12.0m | CN¥5.0m | −CN¥27.0m | CN¥20.0m | CN¥26.0m |
| Capital spending | — | — | −CN¥4.0m | −CN¥1.0m | −CN¥3.0m | −CN¥4.0m | — | −CN¥1.0m |
| Free cash flow | — | — | −CN¥55.0m | −CN¥13.0m | CN¥2.0m | −CN¥31.0m | — | CN¥25.0m |
| Total assets | CN¥1.31bn | CN¥1.35bn | CN¥1.36bn | CN¥1.34bn | CN¥1.36bn | CN¥1.39bn | CN¥1.40bn | CN¥1.49bn |
| Cash and short-term investments | — | — | CN¥801.7m | CN¥767.6m | CN¥758.1m | CN¥726.3m | CN¥757.9m | CN¥767.8m |
| Debt | — | — | CN¥32.1m | CN¥41.5m | CN¥68.4m | CN¥60.0m | CN¥67.4m | CN¥107.6m |
| Shareholders' equity | CN¥1.25bn | CN¥1.26bn | CN¥1.27bn | CN¥1.23bn | CN¥1.24bn | CN¥1.24bn | CN¥1.24bn | CN¥1.28bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.9% | 34.1% | 39.2% | 36.2% | 36.6% | 37.3% |
| Operating margin | -22.3% | -10.4% | 21.7% | 23.3% | 23.3% | 16.9% |
| Net margin | -10.7% | -15.8% | 17.6% | 20.2% | 19.5% | 15.5% |
| Return on equity | -1.4% | -5.8% | 7.6% | 11.7% | 10.5% | 6.0% |
| Return on assets | -1.3% | -5.2% | 6.2% | 8.9% | 7.4% | 4.4% |
| Free cash flow yield | -2.1% | -1.1% | 6.0% | 6.0% | 6.8% | 6.1% |
| Revenue growth | -62.8% | -30.9% | -20.0% | 17.7% | 51.6% | -30.9% |
| Earnings growth | -74.9% | -162.1% | -30.1% | 21.9% | 90.7% | -64.4% |
| Current ratio | 13.13x | 7.59x | 4.19x | 3.11x | 2.39x | 2.60x |
| Debt to equity | 0.03x | 0.05x | 0.10x | 0.12x | 0.22x | 0.15x |
| Equity ratio | 92.8% | 88.6% | 81.8% | 75.8% | 70.6% | 74.6% |
| Interest coverage | -297.54x | -568.44x | 1354.77x | 91.02x | 87.88x | 78.07x |
| R&D as a share of sales | 8.0% | 5.2% | 5.3% | 4.6% | 5.6% | 8.2% |
| Buybacks as a share of market value | 17.8% | -14.6% | -3.2% | 12.0% | -10.8% | 7.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -40.9% | -18.1% | -0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.1% | 33.8% | 34.9% | 39.4% |
| Operating margin | 8.9% | 18.7% | 19.4% | 24.5% |
| Net margin | -14.4% | 9.1% | 12.2% | 18.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -268.3 | -51.8 | 37.3 | 33.0 | 78.5 | 153.7 | 35.7 | 20.1 | 22.5 |
| Price to sales | 28.6 | 8.2 | 6.6 | 6.7 | 15.3 | 23.8 | 10.7 | 5.1 | 9.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.20 | 0.071 | 0.133 | 0.079 | 0.056 |
- 7-for-5 split · 25 May 2022
- 7-for-5 split · 2 Jun 2020
- 13-for-10 split · 17 Apr 2019
- 7-for-5 split · 5 Jun 2018
- 2-for-1 split · 20 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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