Y 
25.92
+4.01%
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¥550.6m
FY2016FY2025
Net income
−CN¥41.6m
FY2016FY2025
Free cash flow
CN¥217.2m
FY2016FY2025
Shareholders' equity
CN¥2.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥550.6m | CN¥585.2m | CN¥748.3m | CN¥668.7m | CN¥1.28bn | CN¥1.01bn | CN¥723.7m | CN¥505.1m | CN¥373.9m | CN¥262.0m |
| Gross profit | CN¥197.2m | CN¥173.0m | CN¥272.7m | CN¥216.7m | CN¥765.0m | CN¥603.0m | CN¥460.4m | CN¥310.8m | CN¥248.3m | CN¥149.4m |
| Research and development | CN¥85.3m | CN¥149.7m | CN¥101.6m | CN¥149.1m | CN¥179.0m | CN¥114.0m | CN¥56.3m | CN¥46.3m | CN¥35.0m | CN¥20.5m |
| Operating income | −CN¥61.3m | −CN¥223.9m | −CN¥20.6m | −CN¥173.1m | CN¥469.1m | CN¥343.2m | CN¥271.7m | CN¥194.8m | CN¥146.8m | CN¥54.6m |
| Net income | −CN¥41.6m | −CN¥218.1m | −CN¥10.1m | −CN¥98.0m | CN¥483.1m | CN¥336.4m | CN¥256.1m | CN¥184.0m | CN¥139.0m | CN¥54.9m |
| Diluted earnings per share | -0.22 | -1.02 | -0.05 | -0.51 | 2.38 | 1.81 | 1.33 | 0.84 | 0.96 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.13bn | CN¥3.38bn | CN¥3.85bn | CN¥3.72bn | CN¥3.37bn | CN¥1.99bn | CN¥1.55bn | CN¥1.13bn | CN¥510.9m | CN¥299.7m |
| Cash and short-term investments | — | CN¥561.9m | CN¥832.4m | CN¥974.8m | CN¥912.6m | CN¥502.7m | CN¥637.8m | CN¥240.6m | CN¥204.4m | CN¥136.2m |
| Total liabilities | CN¥976.8m | CN¥1.21bn | CN¥1.47bn | CN¥1.31bn | CN¥721.2m | CN¥448.2m | CN¥352.2m | CN¥148.7m | CN¥201.0m | CN¥98.8m |
| Debt | — | CN¥349.6m | CN¥791.8m | CN¥652.8m | CN¥207.7m | CN¥50.1m | CN¥20.6m | — | CN¥61.1m | CN¥298,473 |
| Shareholders' equity | CN¥2.15bn | CN¥2.16bn | CN¥2.38bn | CN¥2.41bn | CN¥2.65bn | CN¥1.52bn | CN¥1.20bn | CN¥984.7m | CN¥309.9m | CN¥200.9m |
| Shares outstanding | 191m | 214m | 201m | 193m | 203m | 185m | 192m | 220m | 144m | 191m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥320.1m | CN¥3.6m | CN¥25.4m | CN¥118.8m | −CN¥10.7m | CN¥66.9m | CN¥7.8m | CN¥153.8m | CN¥23.7m | CN¥87.9m |
| Capital spending | −CN¥102.9m | −CN¥36.6m | −CN¥319.6m | −CN¥270.2m | −CN¥207.0m | −CN¥254.8m | −CN¥90.6m | −CN¥31.9m | −CN¥19.0m | −CN¥70.4m |
| Free cash flow | CN¥217.2m | −CN¥33.0m | −CN¥294.2m | −CN¥151.3m | −CN¥217.7m | −CN¥187.8m | −CN¥82.8m | CN¥121.9m | CN¥4.6m | CN¥17.5m |
| Dividends paid | −CN¥9.6m | −CN¥13.8m | −CN¥20.1m | −CN¥33.1m | −CN¥54.6m | −CN¥25.7m | −CN¥45.4m | −CN¥11.5m | −CN¥26.9m | −CN¥30.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥41.4m | CN¥69.3m | CN¥194.6m | CN¥88.2m | CN¥140.0m | CN¥127.7m | CN¥184.1m | CN¥259.2m |
| Gross profit | CN¥6.0m | CN¥12.8m | CN¥63.4m | CN¥25.6m | CN¥52.5m | CN¥55.7m | CN¥11.4m | CN¥98.0m |
| Operating income | −CN¥69.5m | −CN¥48.0m | −CN¥13.4m | −CN¥19.1m | −CN¥33.0m | CN¥14.3m | −CN¥120.6m | CN¥4.1m |
| Net income | −CN¥76.2m | −CN¥50.8m | CN¥755,922 | −CN¥22.5m | −CN¥27.3m | CN¥7.5m | −CN¥137.9m | CN¥4.8m |
| Diluted earnings per share | -0.40 | -0.27 | 0.00 | -0.12 | -0.14 | 0.04 | -0.65 | 0.02 |
| Cash from operations | — | — | — | −CN¥62.0m | CN¥18.0m | −CN¥37.0m | — | CN¥68.0m |
| Capital spending | −CN¥11.0m | −CN¥38.0m | −CN¥37.0m | −CN¥17.0m | −CN¥6.0m | −CN¥40.0m | −CN¥25.0m | −CN¥26.0m |
| Free cash flow | — | — | — | −CN¥79.0m | CN¥12.0m | −CN¥77.0m | — | CN¥42.0m |
| Total assets | CN¥2.58bn | CN¥2.87bn | CN¥3.13bn | CN¥3.18bn | CN¥3.15bn | CN¥3.31bn | CN¥3.38bn | CN¥3.54bn |
| Cash and short-term investments | — | — | — | CN¥602.9m | CN¥567.9m | CN¥467.6m | CN¥561.9m | CN¥547.2m |
| Debt | — | — | — | CN¥499.8m | CN¥394.3m | CN¥460.8m | CN¥343.8m | CN¥378.1m |
| Shareholders' equity | CN¥2.05bn | CN¥2.12bn | CN¥2.15bn | CN¥2.12bn | CN¥2.14bn | CN¥2.17bn | CN¥2.16bn | CN¥2.30bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 35.8% | 29.6% | 36.4% | 32.4% | 59.5% | 60.0% | — |
| Operating margin | -4.3% | -35.5% | 0.0% | -16.4% | 42.7% | 39.9% | — |
| Net margin | -7.5% | -37.3% | -1.3% | -14.7% | 37.6% | 33.5% | — |
| Return on equity | -1.9% | -10.1% | -0.4% | -4.1% | 18.2% | 22.1% | — |
| Return on assets | -1.3% | -6.5% | -0.3% | -2.6% | 14.3% | 16.9% | — |
| Free cash flow yield | 9.2% | 0.8% | 7.2% | 8.4% | 4.0% | 7.2% | — |
| Revenue growth | -5.9% | -21.8% | 11.9% | -48.0% | 27.8% | 38.9% | — |
| Earnings growth | -80.9% | 2069.0% | -89.7% | -120.3% | 43.6% | 31.3% | — |
| Current ratio | 2.00x | 1.47x | 1.57x | 1.94x | 3.60x | 3.66x | — |
| Debt to equity | — | 0.16x | 0.26x | 0.26x | 0.07x | 0.03x | 0.20x |
| Equity ratio | 68.8% | 64.0% | 61.7% | 64.7% | 78.6% | 76.7% | — |
| Interest coverage | -2.22x | -12.09x | 0.00x | -5.10x | 37.30x | 91.74x | — |
| R&D as a share of sales | 15.5% | 25.6% | 13.6% | 22.3% | 13.9% | 11.3% | — |
| Buybacks as a share of market value | 10.4% | -6.3% | -4.2% | 5.0% | -9.5% | 3.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.3% | -11.3% | 11.2% |
| Operating income | -29.3% | — | — |
| Net income | -24.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.6% | 33.7% | 46.0% | 50.7% |
| Operating margin | -25.1% | -18.8% | 6.9% | 14.8% |
| Net margin | -22.9% | -14.4% | 9.3% | 15.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -136.8 | -23.9 | -627.4 | -62.6 | 31.6 | 37.8 | 27.1 | 27.9 |
| Price to sales | 10.3 | 8.9 | 8.4 | 9.2 | 11.9 | 12.6 | 9.6 | 10.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.16 | 0.264 | 0.186 | 0.236 | 0.051 |
- 7-for-5 split · 16 Jul 2021
- 7-for-5 split · 24 Jun 2020
- 7-for-5 split · 2 Nov 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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