W 
6.57
-0.76%
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¥363.4m
FY2016FY2025
Net income
−CN¥63.1m
FY2016FY2025
Free cash flow
CN¥10.2m
FY2016FY2025
Shareholders' equity
CN¥497.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥363.4m | CN¥445.1m | CN¥384.8m | CN¥498.8m | CN¥474.0m | CN¥392.5m | CN¥667.3m | CN¥788.0m | CN¥830.6m | CN¥781.6m |
| Gross profit | CN¥183.8m | CN¥241.8m | CN¥105.7m | CN¥227.5m | CN¥88.2m | CN¥106.3m | CN¥362.5m | CN¥420.9m | CN¥440.0m | CN¥445.3m |
| Research and development | CN¥2.1m | CN¥2.1m | CN¥1.9m | CN¥1.4m | CN¥1.3m | CN¥3.6m | CN¥4.4m | CN¥3.0m | CN¥3.2m | CN¥3.0m |
| Operating income | CN¥15.5m | CN¥28.5m | −CN¥136.6m | CN¥38.6m | −CN¥383.2m | −CN¥227.1m | CN¥12.9m | CN¥74.5m | CN¥93.3m | CN¥117.9m |
| Net income | −CN¥63.1m | CN¥10.3m | −CN¥155.1m | CN¥11.8m | −CN¥414.0m | −CN¥219.8m | −CN¥25.9m | CN¥51.6m | CN¥63.5m | CN¥58.8m |
| Diluted earnings per share | -0.09 | 0.14 | -0.32 | 0.95 | -0.95 | -0.67 | -0.08 | 0.15 | 0.20 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥986.3m | CN¥1.08bn | CN¥1.15bn | CN¥1.44bn | CN¥1.43bn | CN¥1.89bn | CN¥2.06bn | CN¥2.11bn | CN¥1.88bn | CN¥1.51bn |
| Cash and short-term investments | — | CN¥16.1m | CN¥13.4m | CN¥48.8m | CN¥37.3m | CN¥70.1m | CN¥64.1m | CN¥164.4m | CN¥233.1m | CN¥79.3m |
| Total liabilities | CN¥489.1m | CN¥527.2m | CN¥588.1m | CN¥728.6m | CN¥738.3m | CN¥738.8m | CN¥697.0m | CN¥699.4m | CN¥494.6m | CN¥725.6m |
| Debt | CN¥13.2m | CN¥180.9m | CN¥227.9m | CN¥354.6m | CN¥371.0m | CN¥379.1m | CN¥377.0m | CN¥439.1m | CN¥249.2m | CN¥503.5m |
| Shareholders' equity | CN¥497.0m | CN¥553.5m | CN¥559.9m | CN¥707.6m | CN¥690.3m | CN¥1.15bn | CN¥1.36bn | CN¥1.41bn | CN¥1.39bn | CN¥782.4m |
| Shares outstanding | 675m | 73m | 482m | 12m | 438m | 327m | 316m | 354m | 310m | 290m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥10.7m | CN¥27.4m | CN¥11.3m | CN¥53.4m | CN¥59.8m | CN¥49.1m | CN¥151.0m | CN¥50.1m | CN¥63.7m | CN¥60.9m |
| Capital spending | −CN¥459,791 | −CN¥2.3m | −CN¥3.1m | −CN¥11.9m | −CN¥11.0m | −CN¥24.4m | −CN¥169.5m | −CN¥272.2m | −CN¥118.7m | −CN¥103.5m |
| Free cash flow | CN¥10.2m | CN¥25.1m | CN¥8.1m | CN¥41.6m | CN¥48.8m | CN¥24.8m | −CN¥18.5m | −CN¥222.1m | −CN¥55.0m | −CN¥42.6m |
| Dividends paid | −CN¥9.8m | −CN¥14.6m | −CN¥13.9m | −CN¥18.1m | −CN¥20.4m | −CN¥20.8m | −CN¥20.6m | −CN¥36.4m | −CN¥41.1m | −CN¥26.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥89.4m | CN¥75.0m | CN¥112.4m | CN¥64.0m | CN¥85.6m | CN¥101.5m | CN¥141.2m | CN¥83.2m |
| Gross profit | CN¥42.7m | CN¥37.9m | CN¥56.2m | CN¥39.8m | CN¥33.8m | CN¥54.0m | CN¥84.1m | CN¥42.4m |
| Operating income | −CN¥659,434 | CN¥1.5m | CN¥6.8m | −CN¥5.2m | −CN¥9.9m | CN¥14.4m | CN¥20.5m | −CN¥4.1m |
| Net income | −CN¥4.5m | −CN¥7.5m | −CN¥51.5m | −CN¥9.1m | −CN¥11.1m | CN¥8.7m | CN¥5.9m | −CN¥5.1m |
| Diluted earnings per share | -0.01 | -0.01 | -0.08 | -0.01 | -0.02 | 0.01 | 0.08 | -0.07 |
| Cash from operations | — | — | — | −CN¥24.0m | −CN¥1.0m | −CN¥4.0m | — | CN¥12.0m |
| Total assets | CN¥954.7m | CN¥953.1m | CN¥986.3m | CN¥1.05bn | CN¥1.06bn | CN¥1.08bn | CN¥1.08bn | CN¥1.14bn |
| Cash and short-term investments | — | — | — | CN¥16.2m | CN¥22.1m | CN¥24.1m | CN¥16.1m | CN¥40.3m |
| Debt | CN¥13.2m | CN¥13.2m | CN¥13.2m | CN¥148.0m | CN¥136.0m | CN¥136.9m | CN¥130.9m | CN¥228.9m |
| Shareholders' equity | CN¥482.5m | CN¥489.9m | CN¥497.0m | CN¥547.0m | CN¥557.7m | CN¥563.6m | CN¥553.5m | CN¥564.6m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.6% | 54.3% | 27.5% | 45.6% | 18.6% | 27.1% |
| Operating margin | -12.5% | 8.7% | -35.5% | 8.0% | -80.8% | -57.9% |
| Net margin | -17.4% | 2.3% | -40.3% | 2.4% | -87.4% | -56.0% |
| Return on equity | -12.7% | 1.9% | -27.7% | 1.7% | -60.0% | -19.1% |
| Return on assets | -6.4% | 0.9% | -13.5% | 0.8% | -29.0% | -11.6% |
| Free cash flow yield | 0.2% | 5.9% | 0.4% | 75.8% | 2.3% | 3.2% |
| Revenue growth | -18.4% | 15.7% | -22.9% | 5.2% | 20.8% | -41.2% |
| Earnings growth | -714.5% | -106.6% | -1415.8% | -102.8% | 88.4% | 749.6% |
| Current ratio | 1.29x | 1.37x | 1.14x | 1.25x | 1.15x | 1.48x |
| Debt to equity | 0.03x | 0.24x | 0.43x | 0.43x | 0.48x | 0.33x |
| Equity ratio | 50.4% | 51.2% | 48.8% | 49.3% | 48.3% | 60.9% |
| Interest coverage | -3.96x | 2.01x | -7.30x | 1.85x | -15.29x | -9.18x |
| R&D as a share of sales | 0.6% | 0.5% | 0.5% | 0.3% | 0.3% | 0.9% |
| Buybacks as a share of market value | -825.1% | 84.9% | -3775.5% | 97.2% | -33.8% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | -1.5% | -6.8% |
| Operating income | -26.2% | — | -12.5% |
| Net income | — | -22.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.6% | 44.8% | 37.3% | 47.8% |
| Operating margin | 5.4% | -3.2% | -26.0% | -4.8% |
| Net margin | -6.5% | -11.6% | -32.4% | -10.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -69.0 | 54.7 | -34.0 | 7.0 | -8.6 | -8.8 | -73.5 | 62.6 | 56.6 | 147.0 |
| Price to sales | 12.0 | 1.3 | 13.7 | 0.2 | 7.5 | 4.9 | 2.9 | 4.1 | 4.3 | 11.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 25 Jun 2025.
| FY2025 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.009 | 0.062 | 0.062 | 0.062 |
- 1.45-for-1 split · 14 Oct 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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