H 
15.59
+0.45%
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¥1.46bn
FY2016FY2025
Net income
−CN¥50.4m
FY2016FY2025
Free cash flow
−CN¥55.0m
FY2016FY2025
Shareholders' equity
CN¥645.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.46bn | CN¥821.0m | CN¥811.9m | CN¥765.6m | CN¥989.7m | CN¥892.2m | CN¥1.24bn | CN¥1.35bn | CN¥1.50bn | CN¥1.68bn |
| Research and development | CN¥32.4m | CN¥4.2m | CN¥799,328 | CN¥2.6m | CN¥588,540 | CN¥4.4m | CN¥12.8m | CN¥13.9m | CN¥19.7m | CN¥25.4m |
| Operating income | CN¥43.3m | −CN¥53.5m | CN¥8.7m | −CN¥159.0m | −CN¥4.8m | −CN¥61.1m | CN¥11.4m | −CN¥29.9m | CN¥15.8m | CN¥53.4m |
| Net income | −CN¥50.4m | −CN¥96.4m | −CN¥5.3m | −CN¥156.1m | −CN¥20.1m | −CN¥43.5m | CN¥9.5m | −CN¥62.4m | CN¥18.2m | CN¥80.5m |
| Diluted earnings per share | -0.16 | -0.43 | -0.03 | -0.70 | -0.09 | -0.20 | 0.06 | -0.28 | 0.09 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.81bn | CN¥1.78bn | CN¥972.0m | CN¥1.04bn | CN¥1.16bn | CN¥1.16bn | CN¥1.27bn | CN¥1.32bn | CN¥1.44bn | CN¥1.49bn |
| Cash and short-term investments | — | CN¥254.5m | CN¥361.6m | CN¥368.6m | CN¥416.7m | CN¥410.1m | CN¥421.5m | CN¥371.3m | CN¥107.2m | CN¥216.1m |
| Total liabilities | CN¥1.04bn | CN¥952.0m | CN¥158.4m | CN¥226.3m | CN¥207.0m | CN¥184.8m | CN¥241.9m | CN¥297.8m | CN¥293.9m | CN¥303.5m |
| Debt | CN¥96.6m | CN¥268.7m | CN¥844,401 | CN¥53.0m | CN¥4.4m | CN¥3.2m | — | CN¥17.4m | — | CN¥2.1m |
| Shareholders' equity | CN¥645.1m | CN¥707.0m | CN¥803.4m | CN¥811.3m | CN¥954.2m | CN¥973.4m | CN¥1.02bn | CN¥1.01bn | CN¥1.13bn | CN¥1.17bn |
| Shares outstanding | 318m | 227m | 158m | 222m | 226m | 220m | 155m | 222m | 211m | 232m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥47.3m | −CN¥23.5m | CN¥75.1m | −CN¥95.4m | CN¥13.3m | −CN¥10.9m | CN¥49.4m | CN¥53.9m | CN¥84.7m | −CN¥3.9m |
| Capital spending | −CN¥102.3m | −CN¥40.8m | −CN¥12.3m | −CN¥7.3m | −CN¥7.6m | −CN¥6.4m | −CN¥11.0m | −CN¥29.4m | −CN¥8.1m | −CN¥27.1m |
| Free cash flow | −CN¥55.0m | −CN¥64.4m | CN¥62.8m | −CN¥102.7m | CN¥5.7m | −CN¥17.2m | CN¥38.4m | CN¥24.5m | CN¥76.6m | −CN¥31.0m |
| Dividends paid | −CN¥6.9m | −CN¥2.1m | −CN¥1.6m | −CN¥444,889 | −CN¥246,375 | −CN¥6.5m | −CN¥789,312 | −CN¥56.5m | −CN¥56.5m | −CN¥6.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥404.6m | CN¥385.3m | CN¥403.1m | CN¥358.4m | CN¥341.9m | CN¥357.4m | CN¥253.4m | CN¥148.9m |
| Operating income | CN¥31.6m | CN¥42.2m | CN¥4.9m | −CN¥12.7m | −CN¥7.6m | CN¥25.9m | −CN¥32.8m | −CN¥22.7m |
| Net income | CN¥7.9m | CN¥17.2m | −CN¥31.9m | −CN¥16.8m | −CN¥7.3m | CN¥5.6m | −CN¥55.0m | −CN¥29.6m |
| Diluted earnings per share | 0.02 | 0.05 | -0.10 | -0.05 | -0.02 | 0.02 | -0.24 | -0.13 |
| Cash from operations | — | — | — | CN¥32.0m | −CN¥2.0m | CN¥3.0m | — | −CN¥18.0m |
| Capital spending | −CN¥19.0m | −CN¥34.0m | −CN¥17.0m | −CN¥34.0m | −CN¥35.0m | −CN¥14.0m | −CN¥24.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥2.0m | −CN¥37.0m | −CN¥11.0m | — | −CN¥24.0m |
| Total assets | CN¥1.78bn | CN¥1.89bn | CN¥1.81bn | CN¥1.93bn | CN¥1.78bn | CN¥1.81bn | CN¥1.78bn | CN¥902.6m |
| Cash and short-term investments | — | — | — | CN¥220.3m | CN¥162.1m | CN¥261.6m | CN¥254.5m | CN¥322.6m |
| Debt | CN¥109.4m | CN¥89.5m | CN¥96.6m | CN¥327.8m | CN¥218.6m | CN¥278.3m | CN¥249.7m | — |
| Shareholders' equity | CN¥658.0m | CN¥651.1m | CN¥645.1m | CN¥688.5m | CN¥705.3m | CN¥712.6m | CN¥707.0m | CN¥762.0m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.4% | -6.3% | 1.2% | -20.7% | -0.6% | -6.8% | — | — | — |
| Net margin | -3.4% | -11.7% | -0.7% | -20.4% | -2.0% | -4.9% | — | — | — |
| Return on equity | -7.8% | -13.6% | -0.7% | -19.2% | -2.1% | -4.5% | — | — | — |
| Return on assets | -2.8% | -5.4% | -0.5% | -15.0% | -1.7% | -3.8% | — | — | — |
| Free cash flow yield | 2.9% | 0.5% | 3.4% | -2.4% | 0.6% | -0.1% | — | — | — |
| Revenue growth | 77.9% | 1.1% | 6.0% | -22.6% | 10.9% | -27.8% | — | — | — |
| Earnings growth | -47.8% | 1708.5% | -96.6% | 676.6% | -53.8% | -560.1% | — | — | — |
| Current ratio | 1.44x | 1.43x | 5.10x | 3.84x | 4.71x | 5.14x | — | — | — |
| Debt to equity | 0.15x | 0.35x | — | 0.06x | — | — | 0.00x | 0.28x | 0.39x |
| Equity ratio | 35.6% | 39.7% | 82.7% | 78.0% | 82.2% | 84.0% | — | — | — |
| Interest coverage | -1.32x | -30.76x | 6.15x | -209.21x | -8.91x | -220.14x | — | — | — |
| R&D as a share of sales | 2.2% | 0.5% | 0.1% | 0.3% | 0.1% | 0.5% | — | — | — |
| Buybacks as a share of market value | -40.1% | -43.7% | 28.9% | 1.6% | -2.3% | -41.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.0% | 10.4% | -2.8% |
| Operating income | — | — | -7.2% |
| Net income | -31.4% | 3.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.4% | -4.2% | -3.9% | -0.6% |
| Net margin | -6.4% | -8.0% | -6.5% | -1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -83.9 | -41.9 | -268.5 | -9.2 | -76.0 | -31.2 | 121.5 | -28.2 | 163.7 | 85.7 |
| Price to sales | 2.9 | 4.9 | 1.8 | 1.9 | 1.5 | 1.5 | 0.9 | 1.3 | 2.0 | 4.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2020.
| FY2020 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.03 | 0.26 | 0.26 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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