D 
6.82
+1.94%
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¥399.8m
FY2016FY2025
Net income
−CN¥29.7m
FY2016FY2025
Free cash flow
−CN¥2.5m
FY2016FY2025
Shareholders' equity
CN¥1.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥399.8m | CN¥522.6m | CN¥531.4m | CN¥739.8m | CN¥714.7m | CN¥635.6m | CN¥697.9m | CN¥550.1m | CN¥508.8m | CN¥832.2m |
| Gross profit | CN¥125.4m | CN¥172.0m | CN¥128.2m | CN¥324.9m | CN¥271.7m | CN¥292.0m | CN¥346.1m | CN¥319.7m | CN¥270.7m | CN¥499.8m |
| Research and development | CN¥51.3m | CN¥54.1m | CN¥53.8m | CN¥50.5m | CN¥54.9m | CN¥40.9m | CN¥44.4m | CN¥45.3m | CN¥62.2m | CN¥43.8m |
| Operating income | −CN¥69.4m | −CN¥36.8m | −CN¥206.7m | CN¥77.8m | −CN¥183.0m | CN¥92.8m | CN¥178.4m | CN¥155.5m | CN¥115.4m | CN¥329.1m |
| Net income | −CN¥29.7m | CN¥6.3m | −CN¥231.9m | CN¥51.0m | −CN¥171.5m | CN¥79.5m | CN¥153.4m | CN¥135.0m | CN¥101.9m | CN¥308.8m |
| Diluted earnings per share | -0.04 | 0.01 | -0.37 | 0.08 | -0.28 | 0.13 | 0.25 | 0.22 | 0.16 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.32bn | CN¥2.43bn | CN¥2.58bn | CN¥2.96bn | CN¥2.94bn | CN¥2.85bn | CN¥2.16bn | CN¥2.10bn | CN¥2.04bn | CN¥1.91bn |
| Cash and short-term investments | — | CN¥1.15bn | CN¥1.11bn | CN¥1.13bn | CN¥1.03bn | CN¥1.24bn | CN¥975.9m | CN¥646.8m | CN¥909.5m | CN¥887.4m |
| Total liabilities | CN¥369.6m | CN¥396.8m | CN¥516.1m | CN¥1.22bn | CN¥1.24bn | CN¥977.2m | CN¥522.8m | CN¥603.4m | CN¥669.8m | CN¥544.4m |
| Debt | — | CN¥43.3m | CN¥70.1m | CN¥722.7m | CN¥724.6m | CN¥507.4m | CN¥25.3m | CN¥41.1m | CN¥20.8m | CN¥7.4m |
| Shareholders' equity | CN¥1.90bn | CN¥1.96bn | CN¥1.98bn | CN¥1.64bn | CN¥1.59bn | CN¥1.77bn | CN¥1.60bn | CN¥1.47bn | CN¥1.36bn | CN¥1.36bn |
| Shares outstanding | 692m | 693m | 621m | 627m | 623m | 625m | 625m | 620m | 620m | 620m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥29.3m | CN¥50.9m | CN¥64.3m | CN¥195.8m | CN¥124.4m | CN¥59.5m | CN¥102.5m | CN¥125.6m | CN¥112.4m | CN¥98.6m |
| Capital spending | −CN¥31.7m | −CN¥46.9m | −CN¥25.8m | −CN¥51.3m | −CN¥116.9m | −CN¥124.3m | −CN¥59.0m | −CN¥116.8m | −CN¥43.3m | −CN¥57.7m |
| Free cash flow | −CN¥2.5m | CN¥4.0m | CN¥38.5m | CN¥144.5m | CN¥7.5m | −CN¥64.8m | CN¥43.5m | CN¥8.9m | CN¥69.1m | CN¥40.9m |
| Dividends paid | −CN¥35.0m | — | −CN¥43.7m | — | −CN¥25.1m | −CN¥50.1m | −CN¥41.4m | −CN¥31.0m | −CN¥103.3m | −CN¥103.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥145.7m | CN¥78.5m | CN¥87.6m | CN¥111.9m | CN¥95.3m | CN¥105.0m | CN¥99.7m | CN¥110.0m |
| Gross profit | CN¥48.9m | CN¥23.1m | CN¥14.4m | CN¥39.5m | CN¥27.3m | CN¥44.3m | CN¥15.6m | CN¥45.1m |
| Operating income | CN¥299,988 | −CN¥23.7m | −CN¥33.4m | −CN¥15.5m | −CN¥10.8m | CN¥510,316 | −CN¥74.8m | CN¥17.1m |
| Net income | −CN¥16.1m | −CN¥20.2m | −CN¥9.9m | −CN¥14.5m | −CN¥8.2m | CN¥2.9m | −CN¥35.7m | CN¥22.1m |
| Diluted earnings per share | -0.02 | -0.03 | -0.01 | -0.02 | -0.01 | 0.00 | -0.05 | 0.03 |
| Cash from operations | — | — | — | CN¥5.0m | CN¥16.0m | CN¥22.0m | — | CN¥24.0m |
| Capital spending | −CN¥23.0m | −CN¥1.0m | −CN¥12.0m | −CN¥9.0m | −CN¥3.0m | −CN¥5.0m | −CN¥28.0m | — |
| Free cash flow | — | — | — | −CN¥4.0m | CN¥13.0m | CN¥17.0m | — | — |
| Total assets | CN¥2.28bn | CN¥2.30bn | CN¥2.32bn | CN¥2.32bn | CN¥2.35bn | CN¥2.41bn | CN¥2.43bn | CN¥2.49bn |
| Cash and short-term investments | — | — | — | CN¥1.08bn | CN¥1.10bn | CN¥1.14bn | CN¥1.15bn | CN¥1.13bn |
| Debt | — | — | — | CN¥12.8m | CN¥28.7m | CN¥17.4m | — | — |
| Shareholders' equity | CN¥1.86bn | CN¥1.88bn | CN¥1.90bn | CN¥1.90bn | CN¥1.92bn | CN¥1.96bn | CN¥1.96bn | CN¥1.99bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 31.4% | 32.9% | 24.1% | 43.9% | 38.0% | 45.9% | — | — |
| Operating margin | -13.5% | -6.5% | -38.9% | 12.7% | -19.3% | 15.7% | — | — |
| Net margin | -7.4% | 1.2% | -43.6% | 6.9% | -24.0% | 12.5% | — | — |
| Return on equity | -1.6% | 0.3% | -11.7% | 3.1% | -10.8% | 4.5% | — | — |
| Return on assets | -1.3% | 0.3% | -9.0% | 1.7% | -5.8% | 2.8% | — | — |
| Free cash flow yield | 1.4% | 2.2% | 2.3% | 6.1% | 6.0% | 4.6% | — | — |
| Revenue growth | -23.5% | -1.7% | -28.2% | 3.5% | 12.4% | -8.9% | — | — |
| Earnings growth | -570.2% | -102.7% | -555.0% | -129.7% | -315.6% | -48.1% | — | — |
| Current ratio | 4.59x | 4.75x | 3.96x | 3.52x | 3.20x | 4.24x | — | — |
| Debt to equity | — | — | — | 0.35x | 0.36x | 0.30x | 0.00x | 0.39x |
| Equity ratio | 81.8% | 80.5% | 76.5% | 55.3% | 53.9% | 62.2% | — | — |
| Interest coverage | -18.33x | -6.78x | -5.05x | 2.03x | -3.07x | 12.14x | — | — |
| R&D as a share of sales | 12.8% | 10.4% | 10.1% | 6.8% | 7.7% | 6.4% | — | — |
| Buybacks as a share of market value | 0.1% | -11.5% | 1.0% | -0.8% | 0.3% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.5% | -8.9% | -5.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.2% | 34.2% | 37.1% | 46.9% |
| Operating margin | -11.5% | -10.7% | -9.2% | 11.3% |
| Net margin | -2.5% | -9.3% | -8.4% | 10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -225.1 | — | -24.3 | 79.4 | -25.4 | 71.3 | 28.0 | 28.3 | 53.7 | 43.7 |
| Price to sales | 16.7 | 10.4 | 10.6 | 5.5 | 6.1 | 8.9 | 6.2 | 7.0 | 10.8 | 16.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 24 Jun 2025.
| FY2025 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.07 | 0.04 | 0.08 | 0.066 | 0.05 | 0.167 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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