L 
5.44
0.00%
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¥322.5m
FY2016FY2025
Net income
−CN¥193.2m
FY2016FY2025
Free cash flow
−CN¥135.5m
FY2016FY2025
Shareholders' equity
CN¥620.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥322.5m | CN¥379.8m | CN¥196.8m | CN¥289.3m | CN¥740.3m | CN¥1.00bn | CN¥1.64bn | CN¥1.67bn | CN¥1.01bn | CN¥478.6m |
| Research and development | CN¥12.7m | CN¥30.4m | CN¥29.1m | CN¥31.6m | CN¥22.8m | CN¥20.4m | CN¥38.0m | CN¥24.3m | CN¥47.4m | CN¥29.3m |
| Operating income | −CN¥93.3m | −CN¥128.8m | −CN¥150.5m | −CN¥188.7m | CN¥71.1m | CN¥180.7m | CN¥232.1m | CN¥209.0m | CN¥181.9m | CN¥128.5m |
| Net income | −CN¥193.2m | −CN¥130.8m | −CN¥151.5m | −CN¥195.9m | CN¥65.9m | CN¥160.1m | CN¥201.6m | CN¥182.7m | CN¥161.0m | CN¥153.9m |
| Diluted earnings per share | -0.26 | -0.15 | -0.23 | -0.25 | 0.09 | 0.18 | 0.28 | 0.25 | 0.21 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.11bn | CN¥1.26bn | CN¥1.62bn | CN¥1.86bn | CN¥2.51bn | CN¥2.72bn | CN¥1.91bn | CN¥2.07bn | CN¥1.65bn | CN¥1.34bn |
| Cash and short-term investments | — | CN¥285.3m | CN¥734.0m | CN¥965.3m | CN¥1.57bn | CN¥1.75bn | CN¥866.8m | CN¥711.4m | CN¥312.8m | CN¥220.1m |
| Total liabilities | CN¥486.5m | CN¥485.6m | CN¥693.5m | CN¥720.3m | CN¥1.06bn | CN¥1.24bn | CN¥599.6m | CN¥690.0m | CN¥352.4m | CN¥174.6m |
| Debt | — | CN¥262.1m | CN¥565.6m | CN¥620.0m | CN¥949.2m | CN¥914.7m | CN¥250.2m | CN¥395.0m | CN¥70.4m | CN¥52.8m |
| Shareholders' equity | CN¥620.3m | CN¥769.8m | CN¥931.0m | CN¥1.14bn | CN¥1.46bn | CN¥1.48bn | CN¥1.31bn | CN¥1.38bn | CN¥1.30bn | CN¥1.17bn |
| Shares outstanding | 736m | 874m | 655m | 795m | 722m | 872m | 727m | 728m | 762m | 725m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥132.9m | −CN¥110.9m | −CN¥37.9m | −CN¥66.4m | CN¥128.5m | CN¥126.8m | CN¥235.6m | CN¥185.9m | CN¥189.0m | CN¥182.3m |
| Capital spending | −CN¥2.7m | −CN¥8.8m | −CN¥23.1m | −CN¥42.8m | −CN¥54.8m | −CN¥62.0m | −CN¥10.9m | −CN¥173.7m | −CN¥86.6m | −CN¥88.9m |
| Free cash flow | −CN¥135.5m | −CN¥119.7m | −CN¥61.0m | −CN¥109.2m | CN¥73.7m | CN¥64.9m | CN¥224.7m | CN¥12.2m | CN¥102.4m | CN¥93.3m |
| Dividends paid | −CN¥6.6m | −CN¥5.7m | −CN¥8.1m | −CN¥71.8m | −CN¥159.2m | −CN¥101.9m | −CN¥265.7m | −CN¥106.0m | −CN¥31.2m | −CN¥104.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥170.9m | CN¥86.5m | CN¥40.6m | CN¥110.3m | CN¥121.5m | CN¥50.1m | CN¥148.7m | CN¥89.6m |
| Operating income | CN¥35.2m | CN¥8.8m | −CN¥73.1m | −CN¥2.4m | −CN¥12.1m | −CN¥13.7m | −CN¥59.2m | −CN¥6.4m |
| Net income | CN¥18.2m | CN¥3.0m | −CN¥158.7m | CN¥1.2m | −CN¥17.1m | −CN¥18.6m | −CN¥83.9m | −CN¥6.5m |
| Diluted earnings per share | 0.02 | 0.00 | -0.22 | 0.00 | -0.02 | -0.03 | -0.10 | -0.01 |
| Cash from operations | — | — | — | −CN¥79.0m | −CN¥25.0m | −CN¥13.0m | −CN¥46.0m | −CN¥24.0m |
| Capital spending | — | −CN¥1.0m | −CN¥1.0m | — | — | — | — | −CN¥1.0m |
| Free cash flow | — | — | — | — | — | — | — | −CN¥25.0m |
| Total assets | CN¥1.12bn | CN¥1.12bn | CN¥1.11bn | CN¥1.20bn | CN¥1.21bn | CN¥1.23bn | CN¥1.26bn | CN¥1.21bn |
| Cash and short-term investments | — | — | — | CN¥191.3m | CN¥251.2m | CN¥270.6m | CN¥285.3m | CN¥332.5m |
| Debt | CN¥17.0m | CN¥18.0m | — | CN¥7.4m | CN¥268.1m | CN¥263.0m | CN¥258.0m | CN¥259.0m |
| Shareholders' equity | CN¥641.4m | CN¥623.2m | CN¥620.3m | CN¥735.3m | CN¥734.1m | CN¥751.1m | CN¥769.8m | CN¥855.7m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -53.4% | -26.4% | -74.8% | -63.2% | 11.6% | 19.1% | — |
| Net margin | -59.9% | -34.4% | -77.0% | -67.7% | 8.9% | 16.0% | — |
| Return on equity | -31.2% | -17.0% | -16.3% | -17.3% | 4.5% | 10.8% | — |
| Return on assets | -17.5% | -10.4% | -9.3% | -10.6% | 2.6% | 5.9% | — |
| Free cash flow yield | -2.6% | -1.7% | -0.3% | -0.4% | 3.8% | 3.2% | — |
| Revenue growth | -15.1% | 92.9% | -32.0% | -60.9% | -26.0% | -38.8% | — |
| Earnings growth | 47.8% | -13.7% | -22.7% | -397.2% | -58.8% | -20.6% | — |
| Current ratio | 1.10x | 2.67x | 3.63x | 3.74x | 2.76x | 2.79x | — |
| Debt to equity | — | 0.34x | 0.60x | 0.55x | 0.64x | 0.61x | 0.19x |
| Equity ratio | 56.0% | 61.3% | 57.3% | 61.2% | 58.0% | 54.5% | — |
| Interest coverage | -8.13x | -3.65x | -38.80x | -30.71x | 5.49x | 16.47x | — |
| R&D as a share of sales | 3.9% | 8.0% | 14.8% | 10.9% | 3.1% | 2.0% | — |
| Buybacks as a share of market value | 15.8% | -33.5% | 17.6% | -10.0% | 17.2% | -20.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.7% | -20.3% | -5.2% |
| Operating income | -20.9% | — | — |
| Net income | -0.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -31.6% | -47.2% | -10.6% | 7.4% |
| Net margin | -46.1% | -56.5% | -15.2% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.4 | -35.1 | -23.9 | -23.3 | 109.5 | 47.0 | 13.5 | 10.3 | 12.4 | 18.8 |
| Price to sales | 10.4 | 12.1 | 18.4 | 15.8 | 9.8 | 7.5 | 1.7 | 1.1 | 2.0 | 6.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.143 | 0.373 | 0.146 | 0.044 | 0.146 |
- 7-for-5 split · 26 May 2020
- 7-for-5 split · 6 Jun 2019
- 7-for-5 split · 10 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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