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Close of 9 Nov 2026, in HKD
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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¥4.12bn
FY2021FY2025
Net income
CN¥13.8m
FY2021FY2025
Free cash flow
CN¥76.4m
FY2021FY2025
Shareholders' equity
CN¥179.6m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.12bn | CN¥2.71bn | CN¥2.43bn | CN¥2.20bn | CN¥2.05bn |
| Gross profit | CN¥653.2m | CN¥515.9m | CN¥487.4m | CN¥441.2m | CN¥306.7m |
| Research and development | CN¥42.4m | CN¥41.6m | CN¥41.5m | CN¥61.8m | CN¥53.6m |
| Operating income | CN¥15.7m | −CN¥777.7m | −CN¥51.9m | −CN¥126.8m | −CN¥228.7m |
| Net income | CN¥13.8m | −CN¥854.9m | −CN¥196.8m | −CN¥383.3m | −CN¥354.9m |
| Diluted earnings per share | 0.01 | -0.65 | -0.26 | -0.59 | -0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | CN¥950.6m | CN¥664.1m | CN¥521.4m | CN¥582.6m | CN¥498.0m |
| Cash and short-term investments | CN¥440.8m | CN¥261.5m | CN¥146.3m | CN¥134.9m | CN¥98.8m |
| Total liabilities | CN¥771.1m | CN¥532.4m | CN¥2.42bn | CN¥2.50bn | CN¥2.41bn |
| Debt | CN¥22.7m | CN¥50.9m | CN¥1.96bn | CN¥1.77bn | CN¥1.39bn |
| Shareholders' equity | CN¥179.6m | CN¥131.7m | −CN¥1.90bn | −CN¥1.92bn | −CN¥1.56bn |
| Shares outstanding | 1,354m | 1,305m | 745m | 646m | 646m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | CN¥82.7m | CN¥19.5m | CN¥22.3m | −CN¥50.0m | −CN¥237.8m |
| Capital spending | −CN¥6.4m | −CN¥3.9m | −CN¥5.6m | −CN¥6.1m | −CN¥19.0m |
| Free cash flow | CN¥76.4m | CN¥15.6m | CN¥16.6m | −CN¥56.1m | −CN¥256.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.13bn | CN¥2.37bn | CN¥1.74bn | CN¥1.38bn | CN¥1.33bn | CN¥1.09bn | CN¥1.57bn | CN¥1.50bn |
| Gross profit | CN¥313.9m | CN¥339.9m | CN¥313.3m | CN¥250.4m | CN¥290.0m | CN¥205.9m | CN¥328.7m | CN¥257.6m |
| Operating income | CN¥14.8m | CN¥164,619 | CN¥15.5m | −CN¥31.4m | −CN¥746.3m | CN¥28.9m | −CN¥21.2m | −CN¥86.4m |
| Net income | CN¥10.4m | −CN¥758,882 | CN¥14.6m | −CN¥36.2m | −CN¥818.7m | −CN¥42.9m | −CN¥187.7m | −CN¥260.2m |
| Diluted earnings per share | 0.01 | -0.00 | 0.01 | -0.03 | -0.63 | -0.06 | -0.25 | -0.40 |
| Cash from operations | — | CN¥43.0m | CN¥43.0m | −CN¥11.0m | CN¥31.0m | −CN¥7.0m | CN¥35.0m | −CN¥34.0m |
| Capital spending | — | −CN¥3.0m | −CN¥2.0m | −CN¥1.0m | −CN¥2.0m | −CN¥3.0m | −CN¥3.0m | −CN¥3.0m |
| Free cash flow | — | CN¥40.0m | CN¥41.0m | −CN¥12.0m | CN¥29.0m | −CN¥10.0m | CN¥32.0m | −CN¥37.0m |
| Total assets | CN¥1.14bn | CN¥950.6m | CN¥897.6m | CN¥664.1m | CN¥571.9m | CN¥608.7m | CN¥644.4m | CN¥680.2m |
| Cash and short-term investments | CN¥589.8m | CN¥440.8m | CN¥343.4m | CN¥261.5m | CN¥200.5m | CN¥170.8m | CN¥190.2m | CN¥209.6m |
| Debt | CN¥16.1m | CN¥22.7m | CN¥42.6m | CN¥50.9m | CN¥2.06bn | CN¥23.8m | CN¥25.3m | CN¥26.8m |
| Shareholders' equity | CN¥345.8m | CN¥179.6m | CN¥175.1m | CN¥131.7m | −CN¥1.99bn | −CN¥2.22bn | −CN¥2.23bn | −CN¥2.24bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 15.9% | 19.1% | 20.0% | 20.0% | 14.9% |
| Operating margin | 0.4% | -27.5% | -8.0% | -5.8% | -12.7% |
| Net margin | 0.3% | -31.6% | -8.1% | -17.4% | -17.3% |
| Return on equity | 7.7% | -649.1% | 10.3% | 20.0% | 22.7% |
| Return on assets | 1.5% | -128.7% | -37.7% | -65.8% | -71.3% |
| Free cash flow yield | 4.9% | 1.4% | 2.8% | -7.3% | -29.6% |
| Revenue growth | 30.2% | 11.2% | 10.4% | 25.3% | — |
| Earnings growth | -101.4% | 334.4% | -48.7% | 26.1% | — |
| Current ratio | 1.20x | 1.21x | 0.97x | 1.00x | 1.00x |
| Debt to equity | 0.13x | 0.15x | -1.02x | -0.92x | -0.02x |
| Equity ratio | 18.9% | 19.8% | -364.7% | -329.5% | -314.2% |
| Interest coverage | 8.97x | -332.63x | -118.95x | -108.70x | -274.29x |
| R&D as a share of sales | 1.0% | 1.5% | 1.7% | 2.8% | 2.6% |
| Buybacks as a share of market value | -3.7% | -75.3% | -15.2% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 18.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 192.7 | -4.8 |
| Price to sales | 0.7 | 1.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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