W 
23.56
-1.55%
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¥486.4m
FY2016FY2025
Net income
−CN¥35.2m
FY2016FY2025
Free cash flow
−CN¥194.3m
FY2016FY2025
Shareholders' equity
CN¥896.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥486.4m | CN¥466.3m | CN¥536.8m | CN¥713.1m | CN¥880.2m | CN¥538.0m | CN¥505.0m | CN¥422.4m | CN¥290.9m | CN¥225.5m |
| Gross profit | CN¥59.1m | CN¥26.4m | CN¥76.4m | CN¥211.8m | CN¥199.3m | CN¥130.0m | CN¥93.0m | CN¥77.3m | CN¥87.4m | CN¥82.6m |
| Research and development | CN¥26.1m | CN¥18.4m | CN¥18.1m | CN¥29.0m | CN¥35.7m | CN¥21.7m | CN¥17.4m | CN¥14.3m | CN¥10.5m | CN¥7.7m |
| Operating income | −CN¥47.2m | −CN¥24.7m | CN¥25.7m | CN¥139.9m | CN¥113.1m | CN¥60.3m | CN¥44.1m | CN¥38.5m | CN¥57.5m | CN¥49.9m |
| Net income | −CN¥35.2m | −CN¥19.7m | CN¥23.9m | CN¥120.2m | CN¥100.4m | CN¥51.8m | CN¥39.2m | CN¥33.4m | CN¥50.0m | CN¥46.0m |
| Diluted earnings per share | -0.31 | -0.19 | 0.28 | 1.40 | 1.18 | 0.55 | 0.46 | 0.40 | 0.65 | 0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.26bn | CN¥1.26bn | CN¥932.5m | CN¥947.4m | CN¥884.5m | CN¥754.2m | CN¥686.7m | CN¥675.4m | CN¥661.9m | CN¥375.6m |
| Cash and short-term investments | — | CN¥516.1m | CN¥377.7m | CN¥409.9m | CN¥284.2m | CN¥203.2m | CN¥181.0m | CN¥109.0m | CN¥209.6m | CN¥81.9m |
| Total liabilities | CN¥364.3m | CN¥324.4m | CN¥169.2m | CN¥185.2m | CN¥220.1m | CN¥170.1m | CN¥145.3m | CN¥156.5m | CN¥141.7m | CN¥118.0m |
| Debt | — | CN¥174.5m | CN¥168,780 | CN¥119.8m | CN¥138.2m | CN¥112.3m | CN¥96.3m | CN¥101.7m | CN¥69.7m | CN¥47.9m |
| Shareholders' equity | CN¥896.2m | CN¥931.1m | CN¥761.3m | CN¥759.5m | CN¥661.0m | CN¥580.5m | CN¥541.5m | CN¥518.9m | CN¥520.2m | CN¥257.6m |
| Shares outstanding | 112m | 103m | 87m | 86m | 85m | 94m | 85m | 84m | 77m | 65m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥64.7m | CN¥84.3m | CN¥43.1m | CN¥144.8m | CN¥150.1m | CN¥49.8m | CN¥42.5m | CN¥39.9m | CN¥58.5m | CN¥41.6m |
| Capital spending | −CN¥129.7m | −CN¥154.3m | −CN¥49.3m | −CN¥12.5m | −CN¥18.8m | −CN¥7.9m | −CN¥40.4m | −CN¥57.0m | −CN¥68.1m | −CN¥38.6m |
| Free cash flow | −CN¥194.3m | −CN¥70.0m | −CN¥6.2m | CN¥132.3m | CN¥131.3m | CN¥41.9m | CN¥2.1m | −CN¥17.1m | −CN¥9.6m | CN¥3.0m |
| Dividends paid | −CN¥9.6m | −CN¥17.6m | −CN¥26.4m | −CN¥31.0m | −CN¥35.2m | −CN¥26.3m | −CN¥17.3m | −CN¥34.7m | −CN¥2.2m | −CN¥820,793 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥151.0m | CN¥148.4m | CN¥149.1m | CN¥123.4m | CN¥108.1m | CN¥105.9m | CN¥101.7m | CN¥122.4m |
| Gross profit | CN¥12.7m | CN¥227,320 | CN¥8.6m | CN¥1.7m | CN¥8.0m | CN¥6.6m | −CN¥5.6m | CN¥9.3m |
| Operating income | −CN¥7.9m | −CN¥15.1m | −CN¥21.1m | −CN¥13.2m | −CN¥660,113 | −CN¥5.7m | −CN¥16.9m | −CN¥9.3m |
| Net income | −CN¥8.2m | −CN¥13.0m | −CN¥18.8m | −CN¥11.1m | −CN¥485,188 | −CN¥4.8m | −CN¥12.9m | −CN¥8.8m |
| Diluted earnings per share | -0.07 | -0.12 | -0.17 | -0.10 | -0.00 | -0.04 | -0.13 | -0.09 |
| Cash from operations | — | — | — | CN¥5.0m | −CN¥13.0m | −CN¥62.0m | CN¥45.0m | CN¥24.0m |
| Capital spending | −CN¥22.0m | −CN¥31.0m | −CN¥25.0m | −CN¥35.0m | −CN¥27.0m | −CN¥42.0m | −CN¥61.0m | −CN¥11.0m |
| Free cash flow | — | — | — | −CN¥30.0m | −CN¥40.0m | −CN¥104.0m | −CN¥16.0m | CN¥13.0m |
| Total assets | CN¥1.25bn | CN¥1.26bn | CN¥1.26bn | CN¥1.22bn | CN¥1.16bn | CN¥1.18bn | CN¥1.26bn | CN¥976.5m |
| Cash and short-term investments | — | — | — | CN¥371.5m | CN¥354.9m | CN¥405.2m | CN¥516.1m | CN¥326.1m |
| Debt | — | — | — | CN¥128.5m | CN¥130.4m | CN¥134.1m | CN¥174.5m | CN¥197.0m |
| Shareholders' equity | CN¥882.6m | CN¥887.0m | CN¥896.2m | CN¥955.1m | CN¥916.2m | CN¥926.2m | CN¥931.1m | CN¥736.9m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 12.2% | 5.7% | 14.2% | 29.7% | 22.6% | 24.2% | — | — |
| Operating margin | -9.7% | -5.3% | 4.8% | 19.5% | 12.9% | 11.1% | — | — |
| Net margin | -7.2% | -4.2% | 4.5% | 16.9% | 11.4% | 9.6% | — | — |
| Return on equity | -3.9% | -2.1% | 3.1% | 15.8% | 15.2% | 8.9% | — | — |
| Return on assets | -2.8% | -1.6% | 2.6% | 12.7% | 11.4% | 6.9% | — | — |
| Free cash flow yield | — | 3.2% | 1.9% | 6.5% | 6.8% | 2.0% | 1.9% | — |
| Revenue growth | 4.3% | -13.1% | -24.7% | -19.0% | 63.6% | 6.5% | — | — |
| Earnings growth | 79.1% | -182.2% | -80.1% | 19.7% | 94.0% | 32.1% | — | — |
| Current ratio | 2.21x | 2.57x | 3.16x | 3.24x | 2.30x | 2.35x | — | — |
| Debt to equity | — | 0.19x | 0.00x | 0.16x | 0.21x | 0.19x | — | 0.18x |
| Equity ratio | 71.0% | 74.1% | 81.6% | 80.2% | 74.7% | 77.0% | — | — |
| Interest coverage | — | -111.67x | 134.40x | 305.74x | 497.63x | 431.22x | 244.58x | — |
| R&D as a share of sales | 5.4% | 3.9% | 3.4% | 4.1% | 4.1% | 4.0% | — | — |
| Buybacks as a share of market value | -9.1% | -18.6% | -1.3% | -0.2% | 9.6% | -11.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.0% | -2.0% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.0% | 17.0% | 19.4% | 21.6% |
| Operating margin | -7.5% | 4.3% | 7.4% | 9.7% |
| Net margin | -5.8% | 4.1% | 6.7% | 8.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -125.8 | -219.8 | 195.5 | 27.5 | 45.9 | 50.0 | 68.0 | 54.2 | 61.3 |
| Price to sales | 9.1 | 9.3 | 8.7 | 4.6 | 5.2 | 4.8 | 5.3 | 4.3 | 10.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 4 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.30 | 0.35 | 0.40 | 0.30 | 0.20 | 0.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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