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3.00
-0.33%
Close of 5 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¥456.1m
FY2018FY2025
Net income
CN¥121.7m
FY2018FY2025
Free cash flow
CN¥24.6m
FY2018FY2025
Shareholders' equity
CN¥1.91bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥456.1m | CN¥628.0m | CN¥905.7m | CN¥735.0m | CN¥1.29bn | CN¥1.43bn | CN¥103.4m | CN¥114.8m |
| Gross profit | CN¥261.3m | CN¥363.1m | CN¥557.9m | CN¥492.2m | CN¥947.5m | CN¥1.10bn | CN¥80.2m | CN¥89.5m |
| Research and development | CN¥104.9m | CN¥106.1m | CN¥105.5m | CN¥132.2m | CN¥106.4m | CN¥170.4m | CN¥29.9m | CN¥29.5m |
| Operating income | CN¥125.9m | CN¥42.4m | −CN¥27.0m | CN¥101.0m | CN¥393.1m | CN¥139.3m | CN¥29.8m | CN¥30.6m |
| Net income | CN¥121.7m | CN¥51.1m | −CN¥37.4m | CN¥58.6m | −CN¥429.9m | CN¥121.0m | CN¥22.9m | CN¥29.0m |
| Diluted earnings per share | 0.18 | 0.07 | -0.05 | 0.08 | -0.57 | 12.69 | 0.03 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.05bn | CN¥2.31bn | CN¥2.33bn | CN¥2.23bn | CN¥2.18bn | CN¥856.8m | CN¥268.1m | CN¥157.6m |
| Cash and short-term investments | CN¥1.72bn | CN¥1.86bn | CN¥1.78bn | CN¥1.74bn | CN¥1.78bn | CN¥518.4m | CN¥143.7m | CN¥54.4m |
| Total liabilities | CN¥151.4m | CN¥203.2m | CN¥298.5m | CN¥183.7m | CN¥259.5m | CN¥607.1m | CN¥135.8m | CN¥48.2m |
| Debt | CN¥17.9m | CN¥40.5m | CN¥44.4m | CN¥26.8m | CN¥32.6m | CN¥10.4m | CN¥2.3m | CN¥2.1m |
| Shareholders' equity | CN¥1.91bn | CN¥2.12bn | CN¥2.04bn | CN¥2.06bn | CN¥1.92bn | CN¥249.8m | CN¥132.3m | CN¥109.4m |
| Shares outstanding | 691m | 691m | 691m | 691m | 759m | 10m | 685m | 685m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥27.7m | CN¥9.4m | −CN¥3.8m | −CN¥23.5m | CN¥233.1m | CN¥517.3m | CN¥7.9m | CN¥46.8m |
| Capital spending | −CN¥3.1m | −CN¥4.2m | −CN¥4.2m | −CN¥16.8m | −CN¥6.9m | −CN¥4.1m | −CN¥548,049 | −CN¥64,133 |
| Free cash flow | CN¥24.6m | CN¥5.1m | −CN¥7.9m | −CN¥40.3m | CN¥226.2m | CN¥513.2m | CN¥7.4m | CN¥46.7m |
| Dividends paid | — | — | — | −CN¥104.2m | −CN¥209.9m | −CN¥104.9m | — | −CN¥11.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥169.9m | CN¥208.9m | CN¥247.2m | CN¥285.3m | CN¥142.7m | CN¥342.6m | CN¥171.3m | CN¥571.8m |
| Gross profit | CN¥97.1m | CN¥107.1m | CN¥154.1m | CN¥151.3m | CN¥75.7m | CN¥211.8m | CN¥105.9m | CN¥332.5m |
| Operating income | −CN¥34.4m | CN¥45.4m | CN¥80.5m | CN¥6.1m | CN¥3.1m | CN¥36.3m | CN¥18.1m | −CN¥60.1m |
| Net income | CN¥315.6m | CN¥51.5m | CN¥70.3m | CN¥6.1m | CN¥3.0m | CN¥45.1m | CN¥22.5m | −CN¥78.9m |
| Diluted earnings per share | 0.46 | 0.07 | 0.10 | 0.01 | 0.00 | 0.07 | 0.03 | -0.11 |
| Cash from operations | — | −CN¥18.0m | CN¥44.0m | CN¥33.0m | — | −CN¥23.0m | −CN¥11.0m | −CN¥21.0m |
| Capital spending | — | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | — | −CN¥1.0m | — | −CN¥2.0m |
| Free cash flow | — | −CN¥19.0m | CN¥43.0m | CN¥32.0m | — | −CN¥24.0m | — | −CN¥23.0m |
| Total assets | CN¥2.31bn | CN¥2.05bn | CN¥2.37bn | CN¥1.98bn | CN¥1.98bn | CN¥1.99bn | CN¥1.99bn | CN¥2.00bn |
| Cash and short-term investments | CN¥1.96bn | CN¥1.72bn | CN¥1.95bn | CN¥1.60bn | CN¥1.60bn | CN¥1.54bn | CN¥1.54bn | CN¥1.53bn |
| Debt | CN¥29.0m | CN¥17.9m | CN¥38.2m | CN¥40.5m | CN¥31.8m | CN¥42.5m | CN¥10.1m | CN¥44.4m |
| Shareholders' equity | CN¥2.17bn | CN¥1.91bn | CN¥2.19bn | CN¥1.82bn | CN¥1.82bn | CN¥1.80bn | CN¥1.80bn | CN¥1.75bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 57.3% | 57.8% | 61.6% | 67.0% | 73.5% | 76.8% |
| Operating margin | -1.3% | -2.5% | -2.6% | 12.7% | 34.8% | 9.2% |
| Net margin | 26.7% | 8.1% | -4.1% | 8.0% | -33.3% | 8.5% |
| Return on equity | 6.4% | 2.8% | -2.1% | 2.9% | -22.4% | 48.4% |
| Return on assets | 5.9% | 2.6% | -1.9% | 2.6% | -19.7% | 14.1% |
| Free cash flow yield | 1.4% | 0.6% | 0.0% | -0.3% | 8.7% | 1513.2% |
| Revenue growth | -27.4% | -30.7% | 43.7% | -43.0% | -9.9% | 1283.2% |
| Earnings growth | 138.2% | -236.8% | -174.3% | -113.6% | -455.4% | 428.6% |
| Current ratio | 12.08x | 10.19x | 7.61x | 11.45x | 8.09x | 1.48x |
| Debt to equity | 0.01x | 0.02x | 0.02x | 0.01x | 0.01x | 0.02x |
| Equity ratio | 93.0% | 91.6% | 87.4% | 92.0% | 88.1% | 29.2% |
| Interest coverage | -3.42x | -49.48x | -16.67x | 54.43x | 572.20x | 1532.30x |
| R&D as a share of sales | 23.0% | 16.9% | 11.7% | 18.0% | 8.2% | 11.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | 8.9% | -7864.7% | 98.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.7% | -20.4% | — |
| Operating income | 7.6% | -2.0% | — |
| Net income | 27.6% | 0.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 57.6% | 61.5% | 68.3% | — |
| Operating margin | 15.5% | 8.9% | 14.2% | — |
| Net margin | 15.9% | 7.1% | -2.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 15.6 | 37.1 | -77.6 | 54.1 | -18.5 |
| Price to sales | 4.2 | 3.0 | 3.2 | 4.3 | 6.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.152 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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