R 
7.21
-1.90%
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¥24.33bn
FY2016FY2025
Net income
CN¥606.9m
FY2016FY2025
Free cash flow
CN¥1.93bn
FY2016FY2025
Shareholders' equity
CN¥11.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥24.33bn | CN¥16.71bn | CN¥12.45bn | CN¥14.96bn | CN¥2.07bn | CN¥857.5m | CN¥232.9m | −CN¥7.4m | CN¥167.6m | −CN¥38.7m |
| Research and development | CN¥746.9m | CN¥731.3m | CN¥885.1m | CN¥783.9m | CN¥241.5m | CN¥68.7m | CN¥47.4m | — | — | — |
| Operating income | CN¥1.00bn | −CN¥967.0m | −CN¥1.57bn | −CN¥437.1m | −CN¥791.7m | −CN¥29.9m | −CN¥91.6m | −CN¥268,484 | −CN¥7.0m | −CN¥10.1m |
| Net income | CN¥606.9m | −CN¥1.09bn | −CN¥1.33bn | −CN¥354.1m | −CN¥705.4m | −CN¥34.4m | −CN¥111.7m | −CN¥70.3m | CN¥288.2m | −CN¥121.7m |
| Diluted earnings per share | 0.27 | -0.48 | -0.59 | -0.16 | -0.31 | -0.02 | -0.05 | -0.03 | 0.13 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥46.49bn | CN¥38.54bn | CN¥35.50bn | CN¥23.22bn | CN¥7.36bn | CN¥2.23bn | CN¥1.12bn | CN¥984.9m | CN¥1.15bn | CN¥1.07bn |
| Cash and short-term investments | CN¥11.79bn | CN¥4.40bn | CN¥10.01bn | CN¥4.92bn | CN¥1.40bn | CN¥237.1m | CN¥109.5m | CN¥746.7m | CN¥957.9m | CN¥713.7m |
| Total liabilities | CN¥34.62bn | CN¥28.22bn | CN¥21.79bn | CN¥13.16bn | CN¥5.53bn | CN¥1.96bn | CN¥6.8m | CN¥21.3m | CN¥18.9m | CN¥35.8m |
| Debt | CN¥9.70bn | CN¥10.03bn | CN¥8.75bn | CN¥4.12bn | CN¥506.1m | CN¥273.7m | CN¥462.8m | — | — | — |
| Shareholders' equity | CN¥11.75bn | CN¥10.27bn | CN¥11.28bn | CN¥9.44bn | CN¥1.66bn | CN¥192.1m | CN¥149.1m | CN¥956.9m | CN¥1.13bn | CN¥1.03bn |
| Shares outstanding | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m | 2,277m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.89bn | CN¥1.16bn | CN¥75.6m | −CN¥1.96bn | −CN¥1.96bn | CN¥148.5m | −CN¥109.8m | CN¥58.5m | CN¥98.3m | CN¥62.2m |
| Capital spending | −CN¥2.96bn | −CN¥3.97bn | −CN¥3.80bn | −CN¥3.50bn | −CN¥2.48bn | −CN¥618.2m | −CN¥196.4m | — | — | — |
| Free cash flow | CN¥1.93bn | −CN¥2.81bn | −CN¥3.72bn | −CN¥5.46bn | −CN¥4.43bn | −CN¥469.7m | −CN¥306.2m | CN¥58.5m | CN¥98.3m | CN¥62.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.71bn | CN¥14.60bn | CN¥9.31bn | CN¥10.39bn | CN¥7.66bn | CN¥7.00bn | CN¥6.89bn | CN¥10.47bn |
| Operating income | CN¥852.0m | CN¥861.4m | −CN¥37.5m | −CN¥285.6m | −CN¥732.5m | −CN¥1.03bn | −CN¥924.2m | CN¥220.0m |
| Net income | CN¥694.1m | CN¥676.8m | −CN¥64.1m | −CN¥733.7m | −CN¥446.5m | −CN¥745.1m | −CN¥742.1m | CN¥251.2m |
| Diluted earnings per share | 0.30 | 0.30 | -0.03 | -0.32 | -0.20 | -0.33 | -0.33 | 0.11 |
| Cash from operations | CN¥3.76bn | CN¥4.80bn | CN¥140.0m | CN¥2.11bn | CN¥2.12bn | −CN¥291.0m | CN¥372.0m | −CN¥890.0m |
| Capital spending | −CN¥2.65bn | −CN¥1.97bn | −CN¥2.08bn | −CN¥2.18bn | −CN¥1.66bn | −CN¥130.0m | −CN¥3.92bn | −CN¥1.87bn |
| Free cash flow | CN¥1.11bn | CN¥2.83bn | −CN¥1.94bn | −CN¥70.0m | CN¥454.0m | −CN¥421.0m | −CN¥3.55bn | −CN¥2.76bn |
| Total assets | CN¥57.04bn | CN¥46.47bn | CN¥38.89bn | CN¥38.54bn | CN¥38.66bn | CN¥35.50bn | CN¥26.21bn | CN¥23.22bn |
| Cash and short-term investments | CN¥18.48bn | CN¥11.79bn | CN¥4.42bn | CN¥4.40bn | CN¥10.74bn | CN¥10.01bn | CN¥3.82bn | CN¥4.92bn |
| Debt | CN¥12.42bn | CN¥9.70bn | CN¥10.02bn | CN¥10.03bn | CN¥9.90bn | CN¥9.42bn | CN¥7.10bn | CN¥4.60bn |
| Shareholders' equity | CN¥12.46bn | CN¥11.75bn | CN¥10.27bn | CN¥10.27bn | CN¥10.94bn | CN¥11.28bn | CN¥9.35bn | CN¥9.44bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.6% | 95.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.1% | -2.9% | -3.9% | -4.1% |
| Net margin | -1.2% | -3.2% | -4.1% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 44.6 | -22.1 | -34.4 | -0.6 | -12.4 | -2.3 | -5.5 | 1.2 | -2.8 | -3.2 |
| Price to sales | 1.1 | 1.4 | 3.7 | 0.2 | 0.5 | 1.1 | -52.4 | 2.1 | -8.7 | -16.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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