G 
7.16
-0.28%
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¥796.4m
FY2016FY2025
Net income
−CN¥573.2m
FY2016FY2025
Free cash flow
−CN¥215.0m
FY2016FY2025
Shareholders' equity
CN¥310.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥796.4m | CN¥2.09bn | CN¥988.0m | CN¥197.9m | CN¥176.8m | CN¥258.5m | CN¥356.0m | CN¥352.6m | CN¥542.0m | CN¥531.1m |
| Research and development | CN¥35.6m | CN¥103.2m | CN¥50.6m | CN¥11.6m | CN¥10.8m | CN¥11.5m | CN¥11.7m | CN¥7.6m | CN¥8.1m | CN¥5.8m |
| Operating income | −CN¥389.5m | −CN¥367.9m | −CN¥119.2m | −CN¥173.9m | −CN¥205.4m | −CN¥91.6m | CN¥24.0m | −CN¥21.6m | CN¥102.4m | CN¥86.3m |
| Net income | −CN¥573.2m | −CN¥105.5m | −CN¥68.9m | −CN¥162.2m | −CN¥210.7m | −CN¥80.4m | CN¥16.8m | −CN¥6.2m | CN¥89.7m | CN¥80.2m |
| Diluted earnings per share | -0.84 | -0.30 | -0.10 | -0.28 | -0.25 | -0.25 | 0.02 | -0.01 | 4.34 | 31.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.79bn | CN¥3.80bn | CN¥3.23bn | CN¥2.39bn | CN¥1.83bn | CN¥2.16bn | CN¥1.72bn | CN¥1.81bn | CN¥1.80bn | CN¥1.54bn |
| Cash and short-term investments | — | CN¥510.1m | CN¥128.6m | CN¥249.5m | CN¥144.3m | CN¥385.7m | CN¥223.1m | CN¥180.8m | CN¥427.2m | CN¥315.9m |
| Total liabilities | CN¥2.24bn | CN¥2.55bn | CN¥1.86bn | CN¥1.14bn | CN¥519.3m | CN¥626.4m | CN¥712.9m | CN¥772.4m | CN¥785.9m | CN¥597.4m |
| Debt | CN¥155.3m | CN¥257.0m | CN¥185.6m | CN¥180.0m | CN¥69.5m | CN¥80.1m | CN¥142.2m | CN¥74.6m | CN¥102.4m | — |
| Shareholders' equity | CN¥310.9m | CN¥863.9m | CN¥946.8m | CN¥1.02bn | CN¥1.22bn | CN¥1.43bn | CN¥1.00bn | CN¥1.00bn | CN¥1.02bn | CN¥943.9m |
| Shares outstanding | 686m | 353m | 710m | 582m | 850m | 320m | 867m | 1,047m | 21m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥89.2m | CN¥146.7m | CN¥10.6m | −CN¥51.6m | −CN¥149.8m | −CN¥74.4m | −CN¥30.1m | −CN¥154.7m | −CN¥76.2m | CN¥72,810 |
| Capital spending | −CN¥304.2m | −CN¥95.3m | −CN¥540.4m | −CN¥1.6m | −CN¥8.0m | −CN¥5.4m | −CN¥456,311 | −CN¥2.1m | −CN¥1.4m | −CN¥4.0m |
| Free cash flow | −CN¥215.0m | CN¥51.4m | −CN¥529.8m | −CN¥53.3m | −CN¥157.9m | −CN¥79.8m | −CN¥30.6m | −CN¥156.8m | −CN¥77.5m | −CN¥3.9m |
| Dividends paid | −CN¥25.5m | −CN¥18.1m | −CN¥13.6m | −CN¥5.9m | −CN¥5.6m | −CN¥3.5m | −CN¥3.0m | −CN¥11.7m | −CN¥17.8m | −CN¥15.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥223.7m | CN¥119.6m | CN¥346.3m | CN¥143.3m | CN¥211.0m | CN¥95.6m | CN¥1.03bn | CN¥721.5m |
| Operating income | −CN¥43.7m | −CN¥59.9m | −CN¥162.6m | −CN¥84.0m | −CN¥89.9m | −CN¥62.2m | −CN¥107.8m | −CN¥60.2m |
| Net income | −CN¥51.5m | −CN¥34.8m | −CN¥422.1m | −CN¥54.7m | −CN¥54.4m | −CN¥41.9m | CN¥46.8m | −CN¥42.9m |
| Diluted earnings per share | -0.08 | -0.05 | -0.62 | -0.08 | -0.08 | -0.06 | 0.13 | -0.12 |
| Cash from operations | — | — | — | CN¥176.0m | −CN¥37.0m | −CN¥26.0m | — | CN¥91.0m |
| Capital spending | — | −CN¥9.0m | −CN¥129.0m | −CN¥40.0m | −CN¥42.0m | −CN¥91.0m | −CN¥9.0m | −CN¥36.0m |
| Free cash flow | — | — | — | CN¥136.0m | −CN¥79.0m | −CN¥117.0m | — | CN¥55.0m |
| Total assets | CN¥2.55bn | CN¥2.68bn | CN¥2.79bn | CN¥3.60bn | CN¥3.38bn | CN¥3.49bn | CN¥3.80bn | CN¥3.47bn |
| Cash and short-term investments | — | — | — | CN¥306.9m | CN¥218.9m | CN¥369.6m | CN¥510.1m | CN¥196.8m |
| Debt | CN¥141.6m | CN¥155.2m | CN¥155.3m | CN¥380.5m | CN¥366.3m | CN¥352.5m | CN¥249.0m | CN¥235.8m |
| Shareholders' equity | CN¥233.6m | CN¥282.3m | CN¥310.9m | CN¥727.5m | CN¥778.8m | CN¥826.6m | CN¥863.9m | CN¥816.3m |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -89.6% | -17.6% | -6.7% | -88.3% | -115.1% | -33.9% |
| Net margin | -72.0% | -5.0% | -7.0% | -82.0% | -119.2% | -31.1% |
| Return on equity | -184.4% | -12.2% | -7.3% | -15.9% | -17.3% | -5.6% |
| Return on assets | -20.5% | -2.8% | -2.1% | -6.8% | -11.5% | -3.7% |
| Free cash flow yield | 7.2% | 8.6% | 9.7% | -1.1% | -2.1% | -2.7% |
| Revenue growth | -62.0% | 111.9% | 399.4% | 11.9% | -31.6% | -27.4% |
| Earnings growth | 443.2% | 53.2% | -57.5% | -23.0% | 161.9% | -579.6% |
| Current ratio | 0.45x | 0.69x | 0.59x | 1.04x | 1.98x | 2.35x |
| Debt to equity | 0.50x | 0.29x | 0.19x | 0.16x | 0.05x | 0.06x |
| Equity ratio | 11.1% | 22.7% | 29.3% | 42.7% | 66.5% | 65.9% |
| Interest coverage | -19.19x | -10.83x | -2.97x | -222.97x | -99.70x | -22.37x |
| R&D as a share of sales | 4.5% | 4.9% | 5.1% | 5.9% | 6.1% | 4.5% |
| Buybacks as a share of market value | -94.5% | 50.4% | -22.0% | 31.5% | -165.8% | 63.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 59.1% | 25.2% | 2.7% |
| Operating income | 30.8% | 33.6% | — |
| Net income | 52.3% | 48.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -26.2% | -25.8% | -29.9% | -15.2% |
| Net margin | -23.5% | -22.3% | -26.6% | -13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.1 | -10.1 | -57.3 | -24.8 | -18.8 | -16.9 | 220.8 | -707.1 | 1.6 | 0.3 |
| Price to sales | 15.2 | 0.5 | 4.0 | 20.4 | 22.4 | 5.3 | 10.4 | 12.5 | 0.3 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2020.
| FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.007 | 0.019 | 0.031 | 0.015 |
- 5-for-2 split · 8 Jun 2017
- 5-for-2 split · 17 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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