B 
57.51
+2.42%
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¥347.3m
FY2016FY2025
Net income
−CN¥244.4m
FY2016FY2025
Free cash flow
CN¥134.3m
FY2016FY2025
Shareholders' equity
CN¥1.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥347.3m | CN¥341.0m | CN¥202.8m | CN¥329.9m | CN¥745.8m | CN¥896.5m | CN¥1.04bn | CN¥1.16bn | CN¥886.9m | CN¥601.1m |
| Gross profit | CN¥61.1m | CN¥33.3m | CN¥15.1m | CN¥37.7m | CN¥212.0m | CN¥343.7m | CN¥426.0m | CN¥448.3m | CN¥280.8m | CN¥154.9m |
| Research and development | CN¥13.0m | CN¥11.6m | CN¥16.6m | CN¥29.5m | CN¥42.7m | CN¥35.3m | CN¥41.2m | CN¥47.3m | CN¥29.3m | CN¥4.2m |
| Operating income | — | −CN¥265.7m | −CN¥213.7m | −CN¥228.3m | −CN¥26.6m | CN¥164.5m | CN¥253.7m | CN¥264.6m | CN¥157.9m | CN¥85.1m |
| Net income | −CN¥244.4m | −CN¥262.0m | −CN¥207.3m | −CN¥209.1m | −CN¥17.7m | CN¥132.8m | CN¥205.3m | CN¥229.3m | CN¥134.0m | CN¥70.0m |
| Diluted earnings per share | -2.44 | -2.65 | -2.11 | -2.12 | -0.18 | 2.54 | 2.77 | 2.29 | 1.34 | 0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.65bn | CN¥1.88bn | CN¥2.14bn | CN¥2.32bn | CN¥2.63bn | CN¥2.76bn | CN¥1.68bn | CN¥1.37bn | CN¥892.0m | CN¥516.9m |
| Cash and short-term investments | — | CN¥229.4m | CN¥227.9m | CN¥447.5m | CN¥660.0m | CN¥968.8m | CN¥136.1m | CN¥315.6m | CN¥161.2m | CN¥33.2m |
| Total liabilities | CN¥512.7m | CN¥499.0m | CN¥500.4m | CN¥514.6m | CN¥591.0m | CN¥699.7m | CN¥773.8m | CN¥775.4m | CN¥524.3m | CN¥281.1m |
| Debt | CN¥10.0m | CN¥121.9m | CN¥135.4m | CN¥83.2m | CN¥90.2m | CN¥49.9m | CN¥159.3m | CN¥147.6m | CN¥99.7m | CN¥36.0m |
| Shareholders' equity | CN¥1.11bn | CN¥1.34bn | CN¥1.59bn | CN¥1.81bn | CN¥2.04bn | CN¥2.06bn | CN¥908.3m | CN¥598.9m | CN¥367.7m | CN¥235.8m |
| Shares outstanding | 100m | 99m | 98m | 99m | 98m | 52m | 74m | 100m | 100m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥163.9m | CN¥78.5m | −CN¥120.2m | −CN¥111.0m | −CN¥269.6m | −CN¥45.9m | −CN¥229.7m | CN¥122.4m | CN¥82.1m | CN¥26.6m |
| Capital spending | −CN¥29.6m | −CN¥19.5m | −CN¥25.1m | −CN¥6.8m | −CN¥19.7m | −CN¥5.9m | −CN¥38.7m | −CN¥8.3m | −CN¥8.7m | −CN¥41.3m |
| Free cash flow | CN¥134.3m | CN¥59.0m | −CN¥145.4m | −CN¥117.7m | −CN¥289.3m | −CN¥51.8m | −CN¥268.4m | CN¥114.1m | CN¥73.4m | −CN¥14.6m |
| Dividends paid | −CN¥4.0m | −CN¥3.3m | −CN¥2.0m | −CN¥4.1m | −CN¥13.8m | −CN¥6.5m | −CN¥7.6m | −CN¥6.2m | −CN¥6.0m | −CN¥1.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥64.6m | CN¥57.8m | CN¥132.7m | CN¥71.0m | CN¥73.1m | CN¥70.6m | CN¥137.0m | CN¥42.8m |
| Gross profit | CN¥14.3m | CN¥10.9m | CN¥15.4m | CN¥19.6m | CN¥6.2m | CN¥20.0m | −CN¥14.4m | CN¥8.1m |
| Operating income | −CN¥17.8m | −CN¥27.4m | −CN¥65.3m | −CN¥47.3m | −CN¥28.1m | −CN¥38.0m | −CN¥119.3m | −CN¥62.4m |
| Net income | −CN¥21.8m | −CN¥6.8m | −CN¥128.2m | −CN¥49.9m | −CN¥30.6m | −CN¥35.6m | −CN¥125.9m | −CN¥61.5m |
| Diluted earnings per share | -0.22 | -0.07 | -1.28 | -0.50 | -0.31 | -0.36 | -1.27 | -0.62 |
| Cash from operations | — | — | — | CN¥1.0m | CN¥33.0m | CN¥46.0m | — | CN¥16.0m |
| Capital spending | −CN¥4.0m | −CN¥3.0m | −CN¥9.0m | −CN¥11.0m | −CN¥4.0m | −CN¥3.0m | −CN¥17.0m | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥10.0m | CN¥29.0m | CN¥43.0m | — | CN¥15.0m |
| Total assets | CN¥1.75bn | CN¥1.68bn | CN¥1.65bn | CN¥1.68bn | CN¥1.78bn | CN¥1.81bn | CN¥1.88bn | CN¥1.93bn |
| Cash and short-term investments | — | — | — | CN¥259.6m | CN¥294.8m | CN¥274.9m | CN¥229.4m | CN¥192.8m |
| Debt | CN¥22.9m | CN¥10.0m | CN¥10.0m | CN¥112.9m | CN¥94.5m | CN¥98.0m | CN¥79.3m | CN¥65.0m |
| Shareholders' equity | CN¥1.07bn | CN¥1.10bn | CN¥1.11bn | CN¥1.22bn | CN¥1.27bn | CN¥1.30bn | CN¥1.34bn | CN¥1.47bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.6% | 9.8% | 7.4% | 11.4% | 28.4% | 38.3% |
| Operating margin | -71.0% | -76.4% | -105.0% | -67.1% | -3.1% | 18.3% |
| Net margin | -70.4% | -76.8% | -102.2% | -63.4% | -2.4% | 14.8% |
| Return on equity | -22.0% | -19.6% | -13.0% | -11.6% | -0.9% | 6.4% |
| Return on assets | -14.8% | -13.9% | -9.7% | -9.0% | -0.7% | 4.8% |
| Free cash flow yield | 3.2% | 1.6% | -1.6% | -1.7% | -4.2% | -1.3% |
| Revenue growth | 1.8% | 68.1% | -38.5% | -55.8% | -16.8% | -14.1% |
| Earnings growth | -6.7% | 26.4% | -0.9% | 1080.2% | -113.3% | -35.3% |
| Current ratio | 2.74x | 3.24x | 3.80x | 4.04x | 4.16x | 3.75x |
| Debt to equity | 0.01x | 0.06x | 0.06x | 0.04x | 0.08x | 0.02x |
| Equity ratio | 67.2% | 70.9% | 74.2% | 77.9% | 77.5% | 74.7% |
| Interest coverage | -66.03x | -42.89x | -52.84x | -39.83x | -12.09x | 20.06x |
| R&D as a share of sales | 3.7% | 3.4% | 8.2% | 8.9% | 5.7% | 3.9% |
| Buybacks as a share of market value | -1.0% | -0.6% | 0.1% | -0.3% | -87.9% | 29.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.7% | -17.3% | 0.0% |
| Net income | 5.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.7% | 12.1% | 24.5% | 30.4% |
| Net margin | -73.6% | -75.6% | -28.2% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -21.2 | -5.4 | -13.2 | -8.6 | -190.9 | 13.9 |
| Price to sales | 14.9 | 4.2 | 13.5 | 5.5 | 4.5 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.136 |
- 7-for-5 split · 25 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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