C 
10.61
-0.75%
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¥1.03bn
FY2016FY2025
Net income
−CN¥311.2m
FY2016FY2025
Free cash flow
CN¥200.4m
FY2016FY2025
Shareholders' equity
CN¥1.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.03bn | CN¥1.41bn | CN¥1.99bn | CN¥1.65bn | CN¥1.35bn | CN¥1.18bn | CN¥1.53bn | CN¥1.45bn | CN¥928.3m | CN¥707.3m |
| Gross profit | CN¥140.0m | CN¥192.0m | CN¥274.7m | CN¥230.1m | CN¥290.1m | CN¥382.0m | CN¥424.4m | CN¥274.7m | CN¥144.1m | CN¥131.3m |
| Research and development | CN¥6.3m | CN¥7.7m | CN¥9.3m | CN¥10.3m | CN¥6.3m | CN¥2.4m | CN¥2.3m | CN¥2.0m | CN¥1.5m | CN¥1.3m |
| Operating income | −CN¥56.9m | −CN¥128.8m | CN¥18.9m | −CN¥109.3m | CN¥171.6m | CN¥304.5m | CN¥302.9m | CN¥168.4m | CN¥78.8m | CN¥60.5m |
| Net income | −CN¥311.2m | −CN¥164.1m | CN¥13.0m | −CN¥97.5m | CN¥133.9m | CN¥243.7m | CN¥233.0m | CN¥143.9m | CN¥65.9m | CN¥52.9m |
| Diluted earnings per share | -1.95 | -1.12 | 0.09 | -0.61 | 0.76 | 0.84 | 1.46 | 0.90 | 0.41 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.15bn | CN¥3.96bn | CN¥4.50bn | CN¥4.35bn | CN¥3.53bn | CN¥2.12bn | CN¥2.05bn | CN¥1.74bn | CN¥1.33bn | CN¥1.24bn |
| Cash and short-term investments | — | CN¥257.5m | CN¥427.3m | CN¥512.2m | CN¥750.3m | CN¥124.4m | CN¥87.5m | CN¥67.0m | CN¥74.2m | CN¥90.2m |
| Total liabilities | CN¥1.42bn | CN¥1.91bn | CN¥2.28bn | CN¥2.14bn | CN¥1.20bn | CN¥1.10bn | CN¥1.28bn | CN¥1.20bn | CN¥942.2m | CN¥969.2m |
| Debt | CN¥85.0m | CN¥636.7m | CN¥760.2m | CN¥920.5m | CN¥477.4m | CN¥425.0m | CN¥395.7m | CN¥236.4m | CN¥212.0m | CN¥256.0m |
| Shareholders' equity | CN¥1.73bn | CN¥2.05bn | CN¥2.22bn | CN¥2.20bn | CN¥2.31bn | CN¥1.02bn | CN¥774.5m | CN¥536.3m | CN¥387.4m | CN¥269.9m |
| Shares outstanding | 160m | 147m | 141m | 160m | 176m | 290m | 160m | 160m | 160m | 160m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥213.8m | CN¥11.8m | CN¥94.4m | −CN¥206.9m | −CN¥222.4m | CN¥56.6m | CN¥134.1m | −CN¥43.8m | −CN¥19.1m | CN¥46.3m |
| Capital spending | −CN¥13.4m | −CN¥21.2m | −CN¥152.3m | −CN¥75.5m | −CN¥51.8m | −CN¥23.3m | −CN¥26.0m | −CN¥28.8m | −CN¥11.9m | −CN¥9.1m |
| Free cash flow | CN¥200.4m | −CN¥9.3m | −CN¥57.9m | −CN¥282.4m | −CN¥274.2m | CN¥33.3m | CN¥108.1m | −CN¥72.7m | −CN¥31.0m | CN¥37.2m |
| Dividends paid | −CN¥19.1m | −CN¥31.7m | −CN¥31.3m | −CN¥13.8m | −CN¥73.9m | −CN¥16.8m | −CN¥24.1m | −CN¥13.1m | −CN¥65.7m | −CN¥29.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥240.2m | CN¥187.6m | CN¥256.6m | CN¥237.6m | CN¥292.7m | CN¥247.5m | CN¥386.5m | CN¥328.0m |
| Gross profit | CN¥40.7m | CN¥9.5m | CN¥1.1m | CN¥12.5m | CN¥20.6m | CN¥8.3m | CN¥45.0m | CN¥42.3m |
| Operating income | CN¥17.3m | −CN¥8.1m | −CN¥29.5m | −CN¥16.7m | −CN¥26.5m | CN¥1.2m | −CN¥169.9m | CN¥5.5m |
| Net income | CN¥663,313 | CN¥6.7m | −CN¥275.4m | −CN¥9.4m | −CN¥25.5m | −CN¥858,856 | −CN¥175.0m | −CN¥427,816 |
| Diluted earnings per share | 0.00 | 0.04 | -1.72 | -0.06 | -0.16 | -0.01 | -1.19 | -0.00 |
| Cash from operations | — | — | — | CN¥18.0m | CN¥39.0m | CN¥103.0m | — | CN¥6.0m |
| Capital spending | −CN¥2.0m | −CN¥8.0m | −CN¥5.0m | −CN¥3.0m | −CN¥2.0m | −CN¥1.0m | −CN¥3.0m | — |
| Free cash flow | — | — | — | CN¥15.0m | CN¥37.0m | CN¥102.0m | — | — |
| Total assets | CN¥2.94bn | CN¥3.03bn | CN¥3.15bn | CN¥3.51bn | CN¥3.73bn | CN¥3.75bn | CN¥3.96bn | CN¥4.15bn |
| Cash and short-term investments | — | — | — | CN¥295.8m | CN¥344.7m | CN¥316.4m | CN¥257.5m | CN¥323.3m |
| Debt | CN¥288.5m | CN¥84.5m | CN¥85.0m | CN¥391.0m | CN¥539.4m | CN¥496.8m | CN¥526.6m | CN¥572.0m |
| Shareholders' equity | CN¥1.74bn | CN¥1.74bn | CN¥1.73bn | CN¥2.01bn | CN¥2.02bn | CN¥2.04bn | CN¥2.05bn | CN¥2.22bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.1% | 13.6% | 13.8% | 13.9% | 21.5% | 32.4% |
| Operating margin | -22.0% | -9.1% | 3.3% | -5.2% | 12.7% | 26.8% |
| Net margin | -30.1% | -11.6% | 0.7% | -5.9% | 9.9% | 20.7% |
| Return on equity | -18.0% | -8.0% | 0.6% | -4.4% | 5.8% | 23.9% |
| Return on assets | -9.9% | -4.1% | 0.3% | -2.2% | 3.8% | 11.5% |
| Free cash flow yield | 13.0% | 2.0% | 16.0% | -7.5% | -8.9% | 2.5% |
| Revenue growth | -26.8% | -28.9% | 20.2% | 22.5% | 14.5% | -22.7% |
| Earnings growth | 89.6% | -1365.9% | -113.3% | -172.8% | -45.1% | 4.6% |
| Current ratio | 1.79x | 1.68x | 1.67x | 1.82x | 3.07x | 1.80x |
| Debt to equity | 0.05x | 0.26x | 0.29x | 0.28x | 0.12x | 0.40x |
| Equity ratio | 55.0% | 51.7% | 49.2% | 50.6% | 65.6% | 48.2% |
| Interest coverage | -7.72x | -2.74x | 1.35x | -2.66x | 12.50x | 11.53x |
| R&D as a share of sales | 0.6% | 0.5% | 0.5% | 0.6% | 0.5% | 0.2% |
| Buybacks as a share of market value | -8.6% | -4.4% | 11.9% | 8.9% | 39.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.5% | -2.6% | — |
| Operating income | -19.6% | — | — |
| Net income | 47.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.6% | 13.7% | 17.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -6.8 | -9.5 | 175.4 | -24.1 | 29.7 |
| Price to sales | 2.0 | 1.1 | 1.1 | 1.4 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2024.
| FY2024 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.023 | 0.08 | 0.429 |
- 7-for-5 split · 2 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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