F 
0.65
+0.78%
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¥783.9m
FY2019FY2025
Net income
−CN¥367.1m
FY2019FY2025
Free cash flow
−CN¥198.4m
FY2019FY2025
Shareholders' equity
CN¥1.10bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥783.9m | CN¥853.1m | CN¥1.07bn | CN¥913.8m | CN¥510.2m | CN¥290.2m | CN¥215.1m |
| Gross profit | CN¥152.3m | CN¥171.5m | CN¥360.6m | CN¥320.6m | CN¥150.4m | CN¥89.7m | CN¥64.6m |
| Research and development | CN¥229.8m | CN¥72.3m | CN¥43.9m | CN¥41.5m | CN¥18.6m | CN¥12.9m | CN¥9.8m |
| Operating income | −CN¥361.7m | −CN¥35.3m | CN¥238.8m | CN¥236.2m | CN¥102.2m | CN¥61.2m | CN¥45.3m |
| Net income | −CN¥367.1m | −CN¥37.5m | CN¥226.2m | CN¥202.9m | CN¥60.2m | CN¥50.5m | CN¥35.9m |
| Diluted earnings per share | -3.07 | -0.41 | 2.50 | 2.46 | 0.66 | 0.39 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.58bn | CN¥1.52bn | CN¥1.72bn | CN¥1.53bn | CN¥583.5m | CN¥334.8m | CN¥186.0m |
| Cash and short-term investments | CN¥62.0m | CN¥143.2m | CN¥335.9m | CN¥408.0m | CN¥214.3m | CN¥89.2m | CN¥10.0m |
| Total liabilities | CN¥465.9m | CN¥332.1m | CN¥269.0m | CN¥302.0m | CN¥136.9m | CN¥181.0m | CN¥83.8m |
| Debt | CN¥117.1m | CN¥76.9m | CN¥98.4m | CN¥85.9m | CN¥28.1m | CN¥33.9m | CN¥15.0m |
| Shareholders' equity | CN¥1.10bn | CN¥1.18bn | CN¥1.45bn | CN¥1.22bn | CN¥443.7m | CN¥152.6m | CN¥102.1m |
| Shares outstanding | 120m | 90m | 90m | 83m | 91m | 130m | 130m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥197.9m | −CN¥100.8m | −CN¥45.1m | −CN¥155.5m | CN¥24.5m | CN¥21.4m | CN¥22.0m |
| Capital spending | −CN¥519,209 | −CN¥33.3m | −CN¥50.9m | −CN¥55.1m | −CN¥17.7m | −CN¥16.6m | −CN¥4.7m |
| Free cash flow | −CN¥198.4m | −CN¥134.1m | −CN¥96.0m | −CN¥210.6m | CN¥6.8m | CN¥4.7m | CN¥17.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥111.8m | CN¥111.8m | CN¥201.3m | CN¥201.3m | CN¥190.7m | CN¥190.7m | CN¥234.6m | CN¥273.7m |
| Gross profit | CN¥24.2m | CN¥24.2m | CN¥35.8m | CN¥35.8m | CN¥40.3m | CN¥40.3m | CN¥32.1m | CN¥37.4m |
| Operating income | −CN¥5.3m | −CN¥5.3m | −CN¥114.3m | −CN¥114.3m | −CN¥66.7m | −CN¥66.7m | −CN¥49.8m | −CN¥58.1m |
| Net income | −CN¥7.5m | −CN¥7.5m | −CN¥121.8m | −CN¥121.8m | −CN¥61.8m | −CN¥61.8m | −CN¥45.9m | −CN¥53.6m |
| Diluted earnings per share | -0.06 | -0.06 | -1.02 | -1.02 | -0.52 | -0.52 | -0.51 | -0.59 |
| Cash from operations | — | — | −CN¥13.0m | −CN¥13.0m | −CN¥86.0m | −CN¥86.0m | CN¥49.0m | CN¥49.0m |
| Total assets | CN¥1.53bn | CN¥1.53bn | CN¥1.57bn | CN¥1.57bn | CN¥1.76bn | CN¥1.76bn | CN¥1.52bn | CN¥1.77bn |
| Cash and short-term investments | CN¥37.2m | CN¥37.2m | CN¥62.0m | CN¥62.0m | CN¥21.0m | CN¥24.9m | CN¥143.2m | CN¥167.1m |
| Debt | CN¥103.5m | CN¥103.5m | CN¥117.1m | CN¥115.0m | CN¥96.6m | CN¥96.6m | CN¥76.9m | CN¥89.7m |
| Shareholders' equity | CN¥1.10bn | CN¥1.10bn | CN¥1.10bn | CN¥1.10bn | CN¥1.32bn | CN¥1.32bn | CN¥1.18bn | CN¥1.38bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.0% | 22.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.8% | 27.8% | 28.2% | — |
| Operating margin | -24.2% | 2.2% | 5.5% | — |
| Net margin | -24.7% | 0.7% | 3.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -0.4 | -13.6 | 13.0 | 30.4 |
| Price to sales | 0.2 | 0.6 | 2.8 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 5 Dec 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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