M 
17.31
+6.59%
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¥1.48bn
FY2016FY2025
Net income
CN¥14.8m
FY2016FY2025
Free cash flow
−CN¥64.8m
FY2016FY2025
Shareholders' equity
CN¥1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.48bn | CN¥1.18bn | CN¥905.7m | CN¥855.6m | CN¥820.8m | CN¥808.2m | CN¥658.1m | CN¥570.4m | CN¥551.1m | CN¥469.2m |
| Gross profit | CN¥179.6m | CN¥196.7m | CN¥231.2m | CN¥272.3m | CN¥317.9m | CN¥382.5m | CN¥295.7m | CN¥214.3m | CN¥189.4m | CN¥147.5m |
| Research and development | CN¥90.0m | CN¥102.9m | CN¥88.3m | CN¥99.4m | CN¥86.1m | CN¥70.0m | CN¥41.8m | CN¥41.2m | CN¥32.6m | CN¥27.1m |
| Operating income | CN¥73.5m | −CN¥150.3m | CN¥49.0m | CN¥111.1m | CN¥187.6m | CN¥255.7m | CN¥208.3m | CN¥122.5m | CN¥110.2m | CN¥63.1m |
| Net income | CN¥14.8m | −CN¥172.2m | CN¥55.1m | CN¥100.5m | CN¥163.4m | CN¥220.5m | CN¥179.3m | CN¥108.1m | CN¥95.4m | CN¥55.4m |
| Diluted earnings per share | 0.09 | -0.88 | 0.28 | 0.61 | 0.97 | 1.58 | 1.45 | 0.65 | 0.57 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.94bn | CN¥3.53bn | CN¥3.44bn | CN¥3.31bn | CN¥2.67bn | CN¥2.13bn | CN¥943.4m | CN¥705.5m | CN¥717.2m | CN¥546.2m |
| Cash and short-term investments | — | CN¥521.8m | CN¥778.6m | CN¥1.16bn | CN¥831.3m | CN¥770.0m | CN¥33.7m | CN¥22.8m | CN¥23.5m | CN¥65.4m |
| Total liabilities | CN¥2.23bn | CN¥1.87bn | CN¥1.56bn | CN¥1.39bn | CN¥906.4m | CN¥426.6m | CN¥329.8m | CN¥271.2m | CN¥353.7m | CN¥342.8m |
| Debt | CN¥654.6m | CN¥1.01bn | CN¥1.02bn | CN¥921.6m | CN¥455.8m | CN¥29.3m | CN¥79.5m | CN¥108.9m | CN¥155.2m | CN¥186.1m |
| Shareholders' equity | CN¥1.70bn | CN¥1.67bn | CN¥1.88bn | CN¥1.92bn | CN¥1.75bn | CN¥1.71bn | CN¥613.6m | CN¥434.3m | CN¥363.6m | CN¥203.4m |
| Shares outstanding | 167m | 196m | 198m | 165m | 168m | 139m | 123m | 167m | 167m | 167m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥32.1m | CN¥14.4m | CN¥63.4m | CN¥81.7m | CN¥64.6m | CN¥100.2m | CN¥145.3m | CN¥153.3m | CN¥17.2m | CN¥17.9m |
| Capital spending | −CN¥96.8m | −CN¥240.2m | −CN¥414.9m | −CN¥279.4m | −CN¥188.5m | −CN¥189.3m | −CN¥97.5m | −CN¥44.5m | −CN¥34.6m | −CN¥14.2m |
| Free cash flow | −CN¥64.8m | −CN¥225.8m | −CN¥351.5m | −CN¥197.7m | −CN¥123.9m | −CN¥89.1m | CN¥47.9m | CN¥108.8m | −CN¥17.4m | CN¥3.8m |
| Dividends paid | −CN¥15.0m | −CN¥10.2m | −CN¥16.1m | −CN¥50.0m | −CN¥124.5m | −CN¥2.0m | −CN¥3.5m | −CN¥43.8m | −CN¥5.6m | −CN¥10.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥340.8m | CN¥302.4m | CN¥439.2m | CN¥441.2m | CN¥321.3m | CN¥281.5m | CN¥401.5m | CN¥311.5m |
| Gross profit | CN¥71.8m | CN¥41.7m | CN¥25.6m | CN¥76.1m | CN¥11.0m | CN¥66.9m | −CN¥8.8m | CN¥81.2m |
| Operating income | CN¥9.8m | −CN¥5.1m | −CN¥42.8m | −CN¥10.3m | −CN¥33.0m | CN¥13.4m | −CN¥213.1m | CN¥15.4m |
| Net income | −CN¥32.4m | −CN¥15.4m | CN¥54.3m | −CN¥10.1m | −CN¥39.9m | CN¥10.5m | −CN¥184.2m | CN¥2.1m |
| Diluted earnings per share | -0.19 | -0.09 | 0.32 | -0.06 | -0.24 | 0.06 | -0.94 | 0.01 |
| Cash from operations | — | — | — | CN¥28.0m | CN¥67.0m | −CN¥1.0m | — | CN¥80.0m |
| Capital spending | −CN¥32.0m | −CN¥34.0m | −CN¥36.0m | −CN¥23.0m | −CN¥9.0m | −CN¥27.0m | −CN¥37.0m | −CN¥50.0m |
| Free cash flow | — | — | — | CN¥5.0m | CN¥58.0m | −CN¥28.0m | — | CN¥30.0m |
| Total assets | CN¥3.56bn | CN¥3.67bn | CN¥3.94bn | CN¥3.79bn | CN¥3.62bn | CN¥3.54bn | CN¥3.53bn | CN¥3.66bn |
| Cash and short-term investments | — | — | — | CN¥510.9m | CN¥536.1m | CN¥484.4m | CN¥521.8m | CN¥549.1m |
| Debt | CN¥661.8m | CN¥650.9m | CN¥654.6m | CN¥680.7m | CN¥947.7m | CN¥878.0m | CN¥895.7m | CN¥1.01bn |
| Shareholders' equity | CN¥1.65bn | CN¥1.69bn | CN¥1.70bn | CN¥1.65bn | CN¥1.65bn | CN¥1.68bn | CN¥1.67bn | CN¥1.85bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.1% | 16.7% | 25.5% | 31.8% | 38.7% | 47.3% |
| Operating margin | 5.0% | -12.7% | 11.1% | 16.5% | 24.1% | 31.9% |
| Net margin | 1.0% | -14.6% | 6.1% | 11.8% | 19.9% | 27.3% |
| Return on equity | 0.9% | -10.3% | 2.9% | 5.2% | 9.4% | 12.9% |
| Return on assets | 0.4% | -4.9% | 1.6% | 3.0% | 6.1% | 10.3% |
| Free cash flow yield | 4.2% | 7.1% | 13.2% | 11.9% | 8.2% | 11.4% |
| Revenue growth | 25.8% | 30.2% | 5.9% | 4.2% | 1.6% | 22.8% |
| Earnings growth | -108.6% | -412.5% | -45.2% | -38.5% | -25.9% | 23.0% |
| Current ratio | 1.69x | 1.96x | 3.19x | 3.77x | 2.78x | 5.21x |
| Debt to equity | 0.38x | 0.54x | 0.48x | 0.43x | 0.20x | -0.02x |
| Equity ratio | 43.3% | 47.2% | 54.5% | 57.9% | 65.4% | 80.0% |
| Interest coverage | 1.34x | -2.69x | 1.93x | 4.45x | 12.76x | 81.94x |
| R&D as a share of sales | 6.1% | 8.7% | 9.7% | 11.6% | 10.5% | 8.7% |
| Buybacks as a share of market value | 14.8% | 1.0% | -19.9% | 1.5% | -20.6% | -13.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.1% | 12.9% | — |
| Operating income | -12.9% | -22.1% | — |
| Net income | -47.2% | -41.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.1% | 19.9% | 26.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 288.7 | -15.3 | 80.8 | 48.8 | 37.2 | 20.8 |
| Price to sales | 2.9 | 2.2 | 4.9 | 5.7 | 7.4 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jul 2023.
| FY2023 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.30 | 0.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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