R 
8.19
+0.74%
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¥1.23bn
FY2016FY2025
Net income
−CN¥44.6m
FY2016FY2025
Free cash flow
−CN¥124.2m
FY2016FY2025
Shareholders' equity
CN¥1.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.23bn | CN¥1.38bn | CN¥1.63bn | CN¥2.16bn | CN¥1.85bn | CN¥1.72bn | CN¥2.66bn | CN¥2.41bn | CN¥2.12bn | CN¥2.00bn |
| Research and development | CN¥279.7m | CN¥323.5m | CN¥342.4m | CN¥305.9m | CN¥271.1m | CN¥262.2m | CN¥274.0m | CN¥291.3m | CN¥283.2m | CN¥240.6m |
| Operating income | −CN¥76.3m | −CN¥126.5m | −CN¥187.6m | CN¥86.3m | −CN¥829.4m | CN¥151.4m | CN¥196.9m | CN¥142.0m | CN¥243.9m | CN¥258.8m |
| Net income | −CN¥44.6m | −CN¥122.5m | −CN¥202.3m | CN¥80.1m | −CN¥809.9m | CN¥138.1m | CN¥177.3m | CN¥125.1m | CN¥199.2m | CN¥253.4m |
| Diluted earnings per share | -0.10 | -0.27 | -0.49 | 0.18 | -1.90 | 0.31 | 0.40 | 0.31 | 0.51 | 0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.30bn | CN¥2.68bn | CN¥2.97bn | CN¥3.47bn | CN¥3.14bn | CN¥3.68bn | CN¥3.90bn | CN¥3.89bn | CN¥3.57bn | CN¥2.76bn |
| Cash and short-term investments | — | CN¥669.1m | CN¥789.1m | CN¥995.9m | CN¥803.1m | CN¥846.2m | CN¥939.3m | CN¥1.10bn | CN¥992.4m | CN¥529.3m |
| Total liabilities | CN¥770.8m | CN¥1.06bn | CN¥1.23bn | CN¥1.52bn | CN¥1.29bn | CN¥1.00bn | CN¥1.28bn | CN¥1.41bn | CN¥1.09bn | CN¥1.20bn |
| Debt | — | CN¥235.4m | CN¥346.9m | CN¥647.5m | CN¥422.9m | CN¥361.0m | CN¥357.4m | CN¥623.3m | CN¥394.2m | CN¥479.0m |
| Shareholders' equity | CN¥1.53bn | CN¥1.62bn | CN¥1.75bn | CN¥1.95bn | CN¥1.84bn | CN¥2.69bn | CN¥2.62bn | CN¥2.48bn | CN¥2.47bn | CN¥1.56bn |
| Shares outstanding | 440m | 449m | 416m | 435m | 426m | 447m | 446m | 399m | 392m | 351m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥101.6m | CN¥21.9m | CN¥314.0m | CN¥113.3m | −CN¥74.1m | CN¥3.6m | CN¥181.4m | CN¥63.4m | −CN¥66.9m | CN¥124.6m |
| Capital spending | −CN¥22.6m | −CN¥13.1m | −CN¥122.2m | −CN¥73.0m | −CN¥48.4m | −CN¥32.3m | −CN¥12.0m | −CN¥19.4m | −CN¥62.6m | −CN¥31.1m |
| Free cash flow | −CN¥124.2m | CN¥8.8m | CN¥191.8m | CN¥40.4m | −CN¥122.5m | −CN¥28.7m | CN¥169.3m | CN¥44.0m | −CN¥129.5m | CN¥93.5m |
| Dividends paid | −CN¥6.0m | −CN¥7.9m | −CN¥24.3m | −CN¥18.8m | −CN¥46.3m | −CN¥63.2m | −CN¥50.5m | −CN¥144.8m | −CN¥17.3m | −CN¥112.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥362.4m | CN¥293.5m | CN¥385.6m | CN¥307.1m | CN¥288.6m | CN¥250.3m | CN¥352.1m | CN¥302.0m |
| Operating income | CN¥10.1m | CN¥9.0m | −CN¥11.5m | −CN¥4.8m | −CN¥21.2m | −CN¥19.2m | −CN¥61.8m | −CN¥27.8m |
| Net income | −CN¥11.4m | CN¥6.8m | CN¥2.5m | −CN¥4.9m | −CN¥22.8m | −CN¥19.4m | −CN¥57.4m | −CN¥27.7m |
| Diluted earnings per share | -0.03 | 0.02 | 0.01 | -0.01 | -0.05 | -0.04 | -0.13 | -0.06 |
| Cash from operations | — | — | — | −CN¥6.0m | −CN¥29.0m | −CN¥105.0m | — | −CN¥47.0m |
| Capital spending | −CN¥4.0m | −CN¥4.0m | −CN¥10.0m | −CN¥7.0m | −CN¥2.0m | −CN¥1.0m | −CN¥4.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥13.0m | −CN¥31.0m | −CN¥106.0m | — | −CN¥50.0m |
| Total assets | CN¥2.27bn | CN¥2.24bn | CN¥2.30bn | CN¥2.47bn | CN¥2.49bn | CN¥2.57bn | CN¥2.68bn | CN¥2.74bn |
| Cash and short-term investments | — | — | — | CN¥483.9m | CN¥514.2m | CN¥586.3m | CN¥669.1m | CN¥660.9m |
| Debt | — | — | — | CN¥353.8m | CN¥278.4m | CN¥269.1m | CN¥231.6m | CN¥282.2m |
| Shareholders' equity | CN¥1.53bn | CN¥1.54bn | CN¥1.53bn | CN¥1.57bn | CN¥1.58bn | CN¥1.60bn | CN¥1.62bn | CN¥1.68bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.8% | -8.1% | -10.9% | 4.0% | -43.7% | 9.3% | — |
| Net margin | -3.6% | -8.9% | -12.4% | 3.7% | -43.7% | 8.0% | — |
| Return on equity | -2.9% | -7.6% | -11.6% | 4.1% | -44.0% | 5.1% | — |
| Return on assets | -1.9% | -4.6% | -6.8% | 2.3% | -25.8% | 3.7% | — |
| Free cash flow yield | -1.9% | 0.8% | 11.2% | 4.6% | -0.6% | 0.9% | — |
| Revenue growth | -10.9% | -15.0% | -24.6% | 16.3% | 7.5% | -35.2% | — |
| Earnings growth | -63.6% | -39.5% | -352.7% | -109.9% | -686.3% | -22.1% | — |
| Current ratio | 2.26x | 2.00x | 2.00x | 1.88x | 2.01x | 3.18x | — |
| Debt to equity | — | 0.14x | 0.20x | 0.33x | 0.22x | 0.13x | 0.14x |
| Equity ratio | 66.5% | 60.4% | 58.7% | 56.2% | 58.7% | 72.9% | — |
| Interest coverage | -5.09x | -12.04x | -9.41x | 4.18x | -43.35x | 9.68x | — |
| R&D as a share of sales | 22.7% | 23.4% | 21.1% | 14.2% | 14.6% | 15.2% | — |
| Buybacks as a share of market value | 1.9% | -7.8% | 4.2% | -2.0% | 4.7% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.0% | -6.5% | -3.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.8% | -4.8% | -9.8% | 0.3% |
| Net margin | -6.4% | -4.5% | -9.6% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -109.5 | -35.0 | -16.8 | 32.7 | -4.2 | 35.8 | 32.5 | 32.3 | 36.5 |
| Price to sales | 4.0 | 3.1 | 2.1 | 1.2 | 1.8 | 2.9 | 2.2 | 1.7 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2023.
| FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.056 | 0.11 | 0.15 | 0.12 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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