A 
16.77
-1.06%
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¥348.7m
FY2016FY2025
Net income
CN¥14.0m
FY2016FY2025
Free cash flow
CN¥53.7m
FY2016FY2025
Shareholders' equity
CN¥872.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥348.7m | CN¥284.2m | CN¥332.3m | CN¥203.8m | CN¥396.0m | CN¥314.1m | CN¥268.1m | CN¥248.3m | CN¥196.1m | CN¥92.9m |
| Gross profit | CN¥19.7m | CN¥23.8m | CN¥72.8m | CN¥52.2m | CN¥162.5m | CN¥160.8m | CN¥133.4m | CN¥114.2m | CN¥115.3m | CN¥42.6m |
| Research and development | CN¥30.2m | CN¥21.9m | CN¥35.4m | CN¥36.7m | CN¥37.4m | CN¥35.1m | CN¥29.0m | CN¥16.2m | CN¥11.8m | CN¥7.5m |
| Operating income | CN¥25.0m | −CN¥37.4m | −CN¥15.2m | −CN¥11.3m | CN¥70.8m | CN¥84.3m | CN¥65.4m | CN¥59.0m | CN¥73.2m | CN¥10.7m |
| Net income | CN¥14.0m | −CN¥44.0m | −CN¥7.9m | −CN¥7.8m | CN¥65.8m | CN¥80.0m | CN¥51.6m | CN¥46.8m | CN¥55.7m | CN¥6.1m |
| Diluted earnings per share | 0.18 | -0.66 | -0.09 | -0.32 | 0.83 | 1.05 | 0.73 | 0.81 | 0.73 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.16bn | CN¥1.19bn | CN¥1.48bn | CN¥1.44bn | CN¥1.43bn | CN¥1.22bn | CN¥1.07bn | CN¥577.3m | CN¥486.0m | CN¥327.3m |
| Cash and short-term investments | — | CN¥49.7m | CN¥161.2m | CN¥220.6m | CN¥303.7m | CN¥427.9m | CN¥446.9m | CN¥21.4m | CN¥34.8m | CN¥16.0m |
| Total liabilities | CN¥280.0m | CN¥326.8m | CN¥553.6m | CN¥507.9m | CN¥477.2m | CN¥301.2m | CN¥237.1m | CN¥254.7m | CN¥200.6m | CN¥174.9m |
| Debt | CN¥71.1m | CN¥181.6m | CN¥334.3m | CN¥350.1m | CN¥202.0m | CN¥131.3m | CN¥110.2m | CN¥134.6m | CN¥104.8m | CN¥111.4m |
| Shareholders' equity | CN¥872.4m | CN¥857.7m | CN¥916.4m | CN¥920.6m | CN¥936.8m | CN¥895.9m | CN¥831.3m | CN¥322.6m | CN¥284.4m | CN¥152.5m |
| Shares outstanding | 76m | 66m | 85m | 24m | 79m | 76m | 71m | 58m | 76m | 76m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥78.7m | CN¥102.5m | CN¥7.4m | CN¥71.9m | CN¥82.7m | CN¥33.5m | CN¥20.0m | CN¥1.9m | −CN¥22.4m | −CN¥16.6m |
| Capital spending | −CN¥25.0m | −CN¥19.5m | −CN¥89.9m | −CN¥241.9m | −CN¥236.0m | −CN¥91.5m | −CN¥42.6m | −CN¥29.1m | −CN¥22.0m | −CN¥20.5m |
| Free cash flow | CN¥53.7m | CN¥83.0m | −CN¥82.5m | −CN¥170.0m | −CN¥153.3m | −CN¥58.0m | −CN¥22.7m | −CN¥27.1m | −CN¥44.4m | −CN¥37.1m |
| Dividends paid | −CN¥6.2m | −CN¥12.5m | −CN¥14.1m | −CN¥32.1m | −CN¥32.6m | −CN¥21.5m | −CN¥8.0m | −CN¥15.6m | −CN¥6.8m | −CN¥5.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥78.2m | CN¥98.2m | CN¥87.5m | CN¥84.6m | CN¥80.6m | CN¥96.1m | CN¥90.2m | CN¥52.6m |
| Gross profit | CN¥32.9m | CN¥33.9m | −CN¥35.3m | CN¥22.9m | CN¥17.6m | CN¥14.4m | −CN¥8.8m | CN¥8.8m |
| Operating income | CN¥15.3m | CN¥17.9m | CN¥20.8m | CN¥2.8m | CN¥2.4m | CN¥2.9m | −CN¥16.6m | −CN¥13.8m |
| Net income | CN¥7.2m | CN¥10.9m | CN¥14.1m | CN¥2.3m | CN¥854,547 | −CN¥3.3m | −CN¥16.2m | −CN¥14.2m |
| Diluted earnings per share | 0.09 | 0.14 | 0.18 | 0.03 | 0.01 | -0.04 | -0.24 | -0.21 |
| Cash from operations | — | — | — | CN¥19.0m | CN¥31.0m | CN¥4.0m | — | CN¥45.0m |
| Capital spending | −CN¥5.0m | −CN¥9.0m | −CN¥16.0m | −CN¥2.0m | −CN¥3.0m | −CN¥2.0m | −CN¥2.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥17.0m | CN¥28.0m | CN¥2.0m | — | CN¥42.0m |
| Total assets | CN¥1.17bn | CN¥1.17bn | CN¥1.16bn | CN¥1.17bn | CN¥1.17bn | CN¥1.19bn | CN¥1.19bn | CN¥1.27bn |
| Cash and short-term investments | — | — | — | CN¥60.3m | CN¥52.3m | CN¥50.9m | CN¥49.7m | CN¥87.4m |
| Debt | CN¥90.1m | CN¥76.1m | CN¥71.1m | CN¥127.0m | CN¥155.9m | CN¥183.2m | CN¥178.7m | CN¥256.7m |
| Shareholders' equity | CN¥882.9m | CN¥883.4m | CN¥872.4m | CN¥857.7m | CN¥855.3m | CN¥854.5m | CN¥857.7m | CN¥880.0m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.6% | 8.4% | 21.9% | 25.6% | 41.0% | 51.2% |
| Operating margin | 5.7% | -12.9% | -0.4% | -5.5% | 19.3% | 28.0% |
| Net margin | 4.0% | -15.5% | -2.4% | -3.8% | 16.6% | 25.5% |
| Return on equity | 1.6% | -5.1% | -0.9% | -0.9% | 7.0% | 8.9% |
| Return on assets | 1.2% | -3.7% | -0.5% | -0.5% | 4.6% | 6.6% |
| Free cash flow yield | 8.6% | 11.7% | 7.3% | 81.3% | 25.6% | 10.5% |
| Revenue growth | 22.7% | -14.5% | 63.1% | -48.5% | 26.1% | 17.2% |
| Earnings growth | -131.9% | 455.0% | 1.1% | -111.9% | -17.7% | 55.0% |
| Current ratio | 2.83x | 2.37x | 1.75x | 2.02x | 1.96x | 3.18x |
| Debt to equity | 0.08x | 0.21x | 0.37x | 0.38x | 0.21x | 0.15x |
| Equity ratio | 75.4% | 72.1% | 61.9% | 63.9% | 65.5% | 73.5% |
| Interest coverage | 3.78x | -3.17x | -0.09x | -1.45x | 9.67x | 32.97x |
| R&D as a share of sales | 8.7% | 7.7% | 10.7% | 18.0% | 9.4% | 11.2% |
| Buybacks as a share of market value | -15.2% | 21.8% | -246.4% | 69.1% | -4.3% | -7.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.4% | 2.1% | — |
| Operating income | — | -21.6% | — |
| Net income | — | -29.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.9% | 14.4% | 26.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 99.9 | -15.7 | -223.3 | -78.2 | 63.7 | 58.1 | 49.7 |
| Price to sales | 4.1 | 2.5 | 5.7 | 3.2 | 10.7 | 15.1 | 9.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2022.
| FY2022 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.26 | 0.32 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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