G 
20.23
-1.41%
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¥342.1m
FY2016FY2025
Net income
−CN¥70.0m
FY2016FY2025
Free cash flow
−CN¥77.6m
FY2016FY2025
Shareholders' equity
CN¥516.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥342.1m | CN¥298.0m | CN¥456.1m | CN¥519.4m | CN¥490.2m | CN¥460.1m | CN¥1.03bn | CN¥814.1m | CN¥392.5m | CN¥337.6m |
| Research and development | CN¥5.2m | CN¥7.7m | CN¥18.3m | CN¥18.3m | CN¥14.4m | CN¥14.4m | CN¥18.2m | CN¥14.7m | CN¥12.8m | CN¥10.9m |
| Operating income | −CN¥48.6m | −CN¥21.4m | CN¥15.2m | CN¥57.8m | CN¥42.5m | −CN¥160.8m | CN¥81.7m | CN¥63.3m | CN¥55.4m | CN¥51.5m |
| Net income | −CN¥70.0m | −CN¥53.4m | −CN¥7.9m | CN¥37.7m | CN¥30.8m | −CN¥163.7m | CN¥69.1m | CN¥55.6m | CN¥51.9m | CN¥41.0m |
| Diluted earnings per share | -0.69 | -0.52 | -0.10 | 0.38 | 0.36 | -1.84 | 0.74 | 0.64 | 0.59 | 0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.53bn | CN¥1.32bn | CN¥1.25bn | CN¥1.33bn | CN¥1.16bn | CN¥672.4m | CN¥844.9m | CN¥795.5m | CN¥670.8m | CN¥477.1m |
| Cash and short-term investments | — | CN¥103.6m | CN¥150.9m | CN¥159.4m | CN¥72.6m | CN¥68.4m | CN¥84.2m | CN¥70.9m | CN¥66.8m | CN¥26.2m |
| Total liabilities | CN¥1.02bn | CN¥730.9m | CN¥576.2m | CN¥634.1m | CN¥637.0m | CN¥182.1m | CN¥172.7m | CN¥184.1m | CN¥104.2m | CN¥154.2m |
| Debt | CN¥40.3m | CN¥601.2m | CN¥437.0m | CN¥475.7m | CN¥515.4m | CN¥94.0m | CN¥85.4m | CN¥92.1m | CN¥27.4m | CN¥72.3m |
| Shareholders' equity | CN¥516.0m | CN¥586.7m | CN¥676.0m | CN¥694.0m | CN¥520.6m | CN¥490.4m | CN¥672.2m | CN¥609.2m | CN¥565.5m | CN¥322.9m |
| Shares outstanding | 102m | 103m | 82m | 100m | 86m | 89m | 94m | 87m | 89m | 68m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥54.2m | CN¥18.9m | CN¥58.3m | CN¥139.3m | CN¥171.2m | CN¥86.7m | CN¥63.2m | −CN¥92.3m | CN¥76.4m | CN¥52.6m |
| Capital spending | −CN¥131.8m | −CN¥41.3m | −CN¥15.9m | −CN¥134.5m | −CN¥83.9m | −CN¥62.4m | −CN¥34.1m | −CN¥77.8m | −CN¥54.1m | −CN¥64.5m |
| Free cash flow | −CN¥77.6m | −CN¥22.5m | CN¥42.4m | CN¥4.8m | CN¥87.3m | CN¥24.4m | CN¥29.1m | −CN¥170.1m | CN¥22.3m | −CN¥12.0m |
| Dividends paid | −CN¥2.1m | −CN¥26.5m | −CN¥29.8m | −CN¥9.3m | −CN¥2.8m | −CN¥20.8m | −CN¥16.7m | −CN¥17.6m | −CN¥3.7m | −CN¥3.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥94.8m | CN¥83.6m | CN¥97.7m | CN¥146.6m | CN¥107.5m | CN¥81.1m | CN¥76.5m | CN¥78.0m |
| Operating income | −CN¥11.8m | −CN¥11.9m | −CN¥10.4m | −CN¥14.3m | −CN¥6.5m | −CN¥9.8m | −CN¥8.0m | −CN¥9.5m |
| Net income | −CN¥21.0m | −CN¥19.9m | −CN¥29.4m | −CN¥13.2m | −CN¥12.6m | −CN¥14.7m | −CN¥22.9m | −CN¥10.9m |
| Diluted earnings per share | -0.21 | -0.20 | -0.29 | -0.13 | -0.12 | -0.14 | -0.22 | -0.11 |
| Cash from operations | — | — | — | −CN¥16.0m | CN¥32.0m | CN¥4.0m | — | CN¥13.0m |
| Capital spending | −CN¥32.0m | −CN¥56.0m | −CN¥65.0m | −CN¥29.0m | −CN¥4.0m | −CN¥32.0m | −CN¥29.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥45.0m | CN¥28.0m | −CN¥28.0m | — | CN¥7.0m |
| Total assets | CN¥1.47bn | CN¥1.52bn | CN¥1.53bn | CN¥1.35bn | CN¥1.38bn | CN¥1.32bn | CN¥1.32bn | CN¥1.34bn |
| Cash and short-term investments | — | — | — | CN¥72.3m | CN¥116.1m | CN¥104.3m | CN¥103.6m | CN¥164.4m |
| Debt | CN¥116.5m | CN¥96.3m | CN¥40.3m | CN¥115.2m | CN¥85.6m | CN¥54.5m | CN¥20.0m | CN¥20.0m |
| Shareholders' equity | CN¥475.2m | CN¥496.2m | CN¥516.0m | CN¥545.5m | CN¥558.7m | CN¥572.0m | CN¥586.7m | CN¥609.5m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -13.9% | -6.3% | 3.6% | 12.5% | 11.8% | -34.1% | — |
| Net margin | -20.5% | -17.9% | -1.7% | 7.2% | 6.3% | -35.6% | — |
| Return on equity | -13.6% | -9.1% | -1.2% | 5.4% | 5.9% | -33.4% | — |
| Return on assets | -4.6% | -4.1% | -0.6% | 2.8% | 2.7% | -24.3% | — |
| Free cash flow yield | 8.2% | 2.6% | 4.0% | 12.3% | 13.3% | 7.5% | — |
| Revenue growth | 14.8% | -34.7% | -12.2% | 6.0% | 6.5% | -55.4% | — |
| Earnings growth | 31.1% | 574.3% | -121.0% | 22.2% | -118.8% | -337.0% | — |
| Current ratio | 0.87x | 1.65x | 1.98x | 1.61x | 1.00x | 1.19x | — |
| Debt to equity | 0.08x | 0.03x | — | 0.01x | 0.08x | 0.19x | 0.11x |
| Equity ratio | 33.8% | 44.5% | 53.9% | 52.2% | 45.0% | 72.9% | — |
| Interest coverage | -1.60x | -0.72x | 0.73x | 2.60x | 2.69x | -41.48x | — |
| R&D as a share of sales | 1.5% | 2.6% | 4.0% | 3.5% | 2.9% | 3.1% | — |
| Buybacks as a share of market value | 1.3% | -25.4% | 17.6% | -15.7% | 3.1% | 4.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.0% | -5.8% | 1.6% |
| Operating income | — | -21.3% | — |
| Net income | — | -15.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.9% | 0.2% | -4.5% | 3.3% |
| Net margin | -19.3% | -5.8% | -8.8% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -55.5 | -22.4 | -167.9 | 38.5 | 47.2 | -8.0 | 25.7 | 28.9 | 52.2 |
| Price to sales | 11.3 | 4.0 | 2.9 | 2.8 | 3.0 | 2.9 | 1.7 | 2.0 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 May 2024.
| FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.28 | 0.104 | 0.232 | 0.187 | 0.18 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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