Y 
4.15
-0.72%
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¥329.7m
FY2016FY2025
Net income
−CN¥53.1m
FY2016FY2025
Free cash flow
−CN¥30.7m
FY2016FY2025
Shareholders' equity
CN¥232.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥329.7m | CN¥370.4m | CN¥337.7m | CN¥296.3m | CN¥396.2m | CN¥406.4m | CN¥428.7m | CN¥608.2m | CN¥559.1m | CN¥536.1m |
| Gross profit | CN¥23.1m | CN¥10.6m | CN¥16.9m | CN¥18.3m | CN¥43.5m | CN¥47.0m | CN¥73.3m | CN¥96.7m | CN¥101.3m | CN¥98.4m |
| Research and development | CN¥8.8m | CN¥12.7m | CN¥16.9m | CN¥8.8m | CN¥13.7m | CN¥13.9m | CN¥13.4m | CN¥21.9m | CN¥20.4m | CN¥18.9m |
| Operating income | — | −CN¥155.5m | −CN¥81.6m | −CN¥55.4m | CN¥4.5m | CN¥7.8m | CN¥27.7m | CN¥41.9m | CN¥47.5m | CN¥50.1m |
| Net income | −CN¥53.1m | −CN¥165.5m | −CN¥70.1m | −CN¥39.1m | CN¥6.4m | CN¥6.3m | CN¥24.4m | CN¥37.4m | CN¥43.9m | CN¥47.3m |
| Diluted earnings per share | -0.15 | -0.46 | -0.19 | -0.11 | 0.02 | 0.01 | 0.07 | 0.11 | 0.14 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥266.2m | CN¥335.2m | CN¥529.4m | CN¥551.7m | CN¥546.7m | CN¥585.3m | CN¥581.4m | CN¥600.3m | CN¥573.9m | CN¥337.7m |
| Cash and short-term investments | — | CN¥33.9m | CN¥68.3m | CN¥163.4m | CN¥225.9m | CN¥230.8m | CN¥233.1m | CN¥115.0m | CN¥104.8m | CN¥41.6m |
| Total liabilities | CN¥33.6m | CN¥71.0m | CN¥99.3m | CN¥42.6m | CN¥10.3m | CN¥51.5m | CN¥44.8m | CN¥63.3m | CN¥54.4m | CN¥77.1m |
| Debt | — | CN¥10.6m | CN¥41.9m | CN¥4.6m | CN¥7.5m | CN¥10.0m | CN¥14.2m | CN¥58.2m | CN¥10.0m | CN¥29.9m |
| Shareholders' equity | CN¥232.5m | CN¥264.0m | CN¥429.9m | CN¥501.9m | CN¥528.1m | CN¥524.4m | CN¥526.3m | CN¥536.6m | CN¥519.6m | CN¥260.6m |
| Shares outstanding | 358m | 357m | 363m | 341m | 365m | 750m | 372m | 338m | 313m | 280m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥29.6m | −CN¥35.8m | −CN¥43.9m | CN¥17.2m | CN¥11.6m | CN¥2.9m | CN¥16.9m | CN¥27.6m | CN¥25.8m | CN¥37.1m |
| Capital spending | −CN¥1.2m | −CN¥102,543 | −CN¥70.7m | −CN¥90.2m | −CN¥2.1m | −CN¥3.1m | −CN¥27.7m | −CN¥4.7m | −CN¥5.3m | −CN¥5.2m |
| Free cash flow | −CN¥30.7m | −CN¥35.9m | −CN¥114.6m | −CN¥72.9m | CN¥9.6m | −CN¥225,996 | −CN¥10.8m | CN¥22.8m | CN¥20.5m | CN¥31.9m |
| Dividends paid | −CN¥47,856 | −CN¥1.3m | −CN¥1.5m | −CN¥2.2m | −CN¥2.2m | −CN¥11.2m | −CN¥9.9m | −CN¥22.4m | −CN¥506,704 | −CN¥28.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥102.5m | CN¥67.6m | CN¥99.0m | CN¥81.8m | CN¥88.1m | CN¥60.8m | CN¥107.7m | CN¥103.9m |
| Gross profit | CN¥4.7m | CN¥1.5m | CN¥1.7m | CN¥7.6m | CN¥12.7m | CN¥1.0m | −CN¥7.3m | CN¥7.8m |
| Operating income | −CN¥8.8m | −CN¥8.3m | −CN¥18.4m | −CN¥3.5m | −CN¥1.2m | −CN¥7.2m | −CN¥98.7m | −CN¥11.0m |
| Net income | −CN¥6.6m | −CN¥6.3m | −CN¥43.9m | −CN¥3.1m | −CN¥337,877 | −CN¥5.8m | −CN¥131.7m | −CN¥8.9m |
| Diluted earnings per share | -0.02 | -0.02 | -0.12 | -0.01 | -0.00 | -0.02 | -0.37 | -0.02 |
| Cash from operations | — | — | — | — | −CN¥11.0m | −CN¥2.0m | CN¥20.0m | −CN¥31.0m |
| Total assets | CN¥280.3m | CN¥267.2m | CN¥266.2m | CN¥291.1m | CN¥300.6m | CN¥306.4m | CN¥335.2m | CN¥450.1m |
| Cash and short-term investments | — | — | — | CN¥13.5m | CN¥12.1m | CN¥23.3m | CN¥33.9m | CN¥8.4m |
| Debt | — | — | — | CN¥3.1m | CN¥1.5m | CN¥1.9m | CN¥10.5m | CN¥21.9m |
| Shareholders' equity | CN¥237.7m | CN¥231.7m | CN¥232.5m | CN¥256.4m | CN¥258.9m | CN¥258.6m | CN¥264.0m | CN¥377.1m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 7.0% | 2.9% | 5.0% | 6.2% | 11.0% | 11.6% | — |
| Operating margin | -15.9% | -42.0% | -23.4% | -18.9% | 1.2% | 1.2% | — |
| Net margin | -16.1% | -44.7% | -20.8% | -13.2% | 1.6% | 1.5% | — |
| Return on equity | -22.9% | -62.7% | -16.3% | -7.8% | 1.2% | 1.2% | — |
| Return on assets | -20.0% | -49.4% | -13.2% | -7.1% | 1.2% | 1.1% | — |
| Free cash flow yield | -1.8% | -2.3% | 1.7% | 7.3% | 0.9% | 0.2% | — |
| Revenue growth | -11.0% | 9.7% | 14.0% | -25.2% | -2.5% | -5.2% | — |
| Earnings growth | -67.9% | 136.2% | 79.2% | -708.4% | 2.8% | -74.4% | — |
| Current ratio | 5.44x | 4.25x | 3.17x | 9.18x | 78.51x | 9.50x | — |
| Debt to equity | — | 0.04x | 0.10x | 0.01x | 0.01x | 0.02x | 0.03x |
| Equity ratio | 87.3% | 78.8% | 81.2% | 91.0% | 96.6% | 89.6% | — |
| Interest coverage | -962.18x | -25.45x | -33.09x | -102.88x | 12.00x | 2.39x | — |
| R&D as a share of sales | 2.7% | 3.4% | 5.0% | 3.0% | 3.4% | 3.4% | — |
| Buybacks as a share of market value | -0.3% | 1.6% | -6.5% | 6.8% | 51.3% | -101.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | -4.1% | -5.0% |
| Net income | 10.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.8% | 5.2% | 7.5% | 13.0% |
| Net margin | -31.2% | -24.6% | -14.8% | -2.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -47.7 | -8.3 | -33.1 | -52.9 | 452.0 | — | 102.3 | 34.5 | 50.0 |
| Price to sales | 7.7 | 3.7 | 6.9 | 7.0 | 7.3 | 10.8 | 5.8 | 2.1 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.006 | 0.006 | 0.038 | 0.028 | 0.059 |
- 13-for-10 split · 29 Jun 2021
- 7-for-5 split · 10 Jul 2020
- 7-for-5 split · 6 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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