T 
15.15
+0.60%
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¥1.08bn
FY2016FY2025
Net income
−CN¥207.3m
FY2016FY2025
Free cash flow
−CN¥43.5m
FY2016FY2025
Shareholders' equity
CN¥944.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.08bn | CN¥1.81bn | CN¥2.01bn | CN¥2.31bn | CN¥2.60bn | CN¥2.13bn | CN¥1.83bn | CN¥1.32bn | CN¥920.5m | CN¥627.3m |
| Gross profit | CN¥240.3m | CN¥328.5m | CN¥389.7m | CN¥449.0m | CN¥542.7m | CN¥486.8m | CN¥519.8m | CN¥416.1m | CN¥310.1m | CN¥218.5m |
| Research and development | CN¥41.8m | CN¥47.1m | CN¥43.2m | CN¥29.4m | CN¥35.5m | CN¥19.5m | CN¥10.5m | CN¥7.5m | CN¥5.1m | CN¥7.9m |
| Operating income | −CN¥58.0m | −CN¥89.9m | −CN¥116.3m | −CN¥91.6m | CN¥60.9m | CN¥116.9m | CN¥187.5m | CN¥158.6m | CN¥149.0m | CN¥102.5m |
| Net income | −CN¥207.3m | −CN¥209.2m | −CN¥158.6m | −CN¥153.7m | −CN¥49.5m | CN¥57.6m | CN¥110.4m | CN¥94.2m | CN¥93.8m | CN¥68.9m |
| Diluted earnings per share | -0.97 | -1.25 | -0.79 | -5.86 | -0.25 | 0.26 | 0.56 | 0.45 | 0.46 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.80bn | CN¥2.83bn | CN¥3.34bn | CN¥3.95bn | CN¥4.29bn | CN¥3.91bn | CN¥3.01bn | CN¥2.58bn | CN¥1.57bn | CN¥1.09bn |
| Cash and short-term investments | — | CN¥209.4m | CN¥278.6m | CN¥394.5m | CN¥485.5m | CN¥661.8m | CN¥510.1m | CN¥702.9m | CN¥196.5m | CN¥353.8m |
| Total liabilities | CN¥898.0m | CN¥1.87bn | CN¥2.03bn | CN¥2.45bn | CN¥2.55bn | CN¥2.10bn | CN¥1.39bn | CN¥957.2m | CN¥565.6m | CN¥233.2m |
| Debt | CN¥3.0m | CN¥900.4m | CN¥1.04bn | CN¥1.44bn | CN¥1.62bn | CN¥1.40bn | CN¥881.5m | CN¥690.4m | CN¥338.5m | CN¥167.8m |
| Shareholders' equity | CN¥944.7m | CN¥934.3m | CN¥1.21bn | CN¥1.40bn | CN¥1.56bn | CN¥1.65bn | CN¥1.49bn | CN¥1.52bn | CN¥933.4m | CN¥843.6m |
| Shares outstanding | 213m | 168m | 201m | 26m | 198m | 221m | 197m | 207m | 205m | 308m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥37.8m | CN¥99.6m | CN¥125.9m | CN¥28.1m | −CN¥133.5m | CN¥9.9m | CN¥93.9m | −CN¥63.8m | −CN¥63.3m | −CN¥17.0m |
| Capital spending | −CN¥5.7m | −CN¥23.2m | −CN¥40.8m | −CN¥54.6m | −CN¥60.2m | −CN¥127.7m | −CN¥96.5m | −CN¥118.5m | −CN¥116.0m | −CN¥69.0m |
| Free cash flow | −CN¥43.5m | CN¥76.4m | CN¥85.1m | −CN¥26.5m | −CN¥193.7m | −CN¥117.8m | −CN¥2.6m | −CN¥182.4m | −CN¥179.3m | −CN¥86.1m |
| Dividends paid | −CN¥18.6m | −CN¥59.9m | −CN¥38.8m | −CN¥52.3m | −CN¥49.5m | −CN¥15.9m | −CN¥50.1m | −CN¥37.2m | −CN¥14.7m | −CN¥7.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥161.0m | CN¥181.8m | CN¥219.8m | CN¥273.7m | CN¥296.1m | CN¥287.4m | CN¥390.6m | CN¥444.4m |
| Gross profit | CN¥27.0m | CN¥45.7m | CN¥54.0m | CN¥57.7m | CN¥60.8m | CN¥67.8m | CN¥46.1m | CN¥97.7m |
| Operating income | −CN¥34.0m | −CN¥11.2m | −CN¥25.8m | −CN¥29.2m | −CN¥25.1m | −CN¥11.4m | −CN¥90.3m | −CN¥64.6m |
| Net income | −CN¥30.3m | −CN¥17.5m | −CN¥120.0m | −CN¥31.1m | −CN¥41.8m | −CN¥14.3m | −CN¥153.2m | −CN¥51.3m |
| Diluted earnings per share | -0.14 | -0.08 | -0.56 | -0.15 | -0.20 | -0.07 | -0.91 | -0.31 |
| Cash from operations | — | — | — | CN¥54.0m | −CN¥28.0m | −CN¥50.0m | — | CN¥49.0m |
| Capital spending | — | — | — | −CN¥1.0m | −CN¥2.0m | −CN¥1.0m | −CN¥9.0m | −CN¥8.0m |
| Free cash flow | — | — | — | CN¥53.0m | −CN¥30.0m | −CN¥51.0m | — | CN¥41.0m |
| Total assets | CN¥1.59bn | CN¥1.74bn | CN¥1.80bn | CN¥2.09bn | CN¥2.20bn | CN¥2.27bn | CN¥2.83bn | CN¥3.13bn |
| Cash and short-term investments | — | — | — | CN¥140.9m | CN¥123.2m | CN¥167.0m | CN¥209.4m | CN¥253.6m |
| Debt | CN¥3.0m | CN¥3.0m | CN¥3.0m | CN¥562.9m | CN¥791.0m | CN¥797.6m | CN¥874.6m | CN¥1.08bn |
| Shareholders' equity | CN¥1.09bn | CN¥1.03bn | CN¥944.7m | CN¥1.09bn | CN¥876.7m | CN¥920.0m | CN¥934.3m | CN¥1.07bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.3% | 18.1% | 19.4% | 19.4% | 20.9% | 22.9% |
| Operating margin | -11.0% | -5.0% | -5.8% | -4.0% | 2.3% | 7.8% |
| Net margin | -19.2% | -11.6% | -7.9% | -6.7% | -1.9% | 2.7% |
| Return on equity | -21.9% | -22.4% | -13.1% | -11.0% | -3.2% | 3.5% |
| Return on assets | -11.5% | -7.4% | -4.7% | -3.9% | -1.2% | 1.5% |
| Free cash flow yield | -1.0% | 5.1% | 5.8% | 21.9% | -2.6% | 4.3% |
| Revenue growth | -40.5% | -9.7% | -13.1% | -11.2% | 22.3% | 16.1% |
| Earnings growth | -0.9% | 32.0% | 3.2% | 210.5% | -186.0% | -47.9% |
| Current ratio | 1.42x | 1.52x | 1.72x | 1.61x | 1.87x | 2.11x |
| Debt to equity | 0.00x | 0.94x | 0.83x | 0.93x | 0.98x | 0.85x |
| Equity ratio | 52.4% | 33.0% | 36.2% | 35.5% | 36.4% | 42.2% |
| Interest coverage | -3.54x | -1.54x | -1.53x | -0.92x | 0.72x | 2.85x |
| R&D as a share of sales | 3.9% | 2.6% | 2.2% | 1.3% | 1.4% | 0.9% |
| Buybacks as a share of market value | -27.0% | 16.8% | -668.1% | 86.8% | 10.6% | -12.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.4% | -12.7% | 7.4% |
| Operating income | -14.1% | — | — |
| Net income | 10.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.7% | 19.5% | 20.4% | 23.8% |
| Operating margin | -5.1% | -4.9% | -1.5% | 2.9% |
| Net margin | -14.4% | -10.1% | -6.0% | -1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.1 | -5.8 | -14.1 | -1.9 | -57.6 | 63.4 | 30.1 | 41.9 | 43.2 | 161.0 |
| Price to sales | 4.1 | 0.7 | 1.1 | 0.1 | 1.1 | 1.7 | 1.8 | 3.0 | 4.4 | 17.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2020.
| FY2020 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.08 | 0.04 | 0.023 |
- 5-for-2 split · 25 Apr 2018
- 7-for-5 split · 23 Oct 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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