Q 
305.89
+2.60%
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¥310.5m
FY2016FY2025
Net income
CN¥5.4m
FY2016FY2025
Free cash flow
−CN¥101.9m
FY2016FY2025
Shareholders' equity
CN¥3.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥310.5m | CN¥253.4m | CN¥156.1m | CN¥134.7m | CN¥179.2m | CN¥134.1m | CN¥257.9m | CN¥264.7m | CN¥283.7m | CN¥227.2m |
| Research and development | CN¥118.7m | CN¥83.5m | CN¥96.1m | CN¥84.4m | CN¥63.5m | CN¥45.1m | CN¥60.7m | CN¥74.9m | CN¥66.5m | CN¥39.8m |
| Operating income | CN¥4.9m | −CN¥32.1m | −CN¥105.7m | −CN¥78.8m | −CN¥46.9m | CN¥23.2m | CN¥53.5m | CN¥76.7m | CN¥78.6m | CN¥35.0m |
| Net income | CN¥5.4m | −CN¥31.8m | −CN¥123.9m | −CN¥86.2m | −CN¥37.1m | CN¥29.5m | CN¥49.3m | CN¥72.5m | CN¥74.3m | CN¥58.8m |
| Diluted earnings per share | 0.05 | -0.40 | -1.51 | -1.04 | -0.46 | 0.37 | 0.82 | 1.19 | 0.73 | 0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.63bn | CN¥3.57bn | CN¥1.78bn | CN¥1.94bn | CN¥1.98bn | CN¥1.92bn | CN¥1.25bn | CN¥1.24bn | CN¥1.17bn | CN¥1.06bn |
| Cash and short-term investments | CN¥2.54bn | CN¥2.64bn | CN¥937.0m | CN¥1.03bn | CN¥938.6m | CN¥1.11bn | CN¥482.1m | CN¥327.0m | CN¥306.4m | CN¥271.0m |
| Total liabilities | CN¥262.3m | CN¥321.8m | CN¥269.2m | CN¥297.2m | CN¥303.2m | CN¥246.2m | CN¥252.1m | CN¥328.8m | CN¥327.4m | CN¥304.3m |
| Debt | — | CN¥7.9m | CN¥2.5m | CN¥52.8m | CN¥3.9m | — | — | — | — | — |
| Shareholders' equity | CN¥3.25bn | CN¥3.24bn | CN¥1.50bn | CN¥1.63bn | CN¥1.67bn | CN¥1.67bn | CN¥985.6m | CN¥904.0m | CN¥831.5m | CN¥757.2m |
| Shares outstanding | 102m | 79m | 82m | 83m | 81m | 80m | 60m | 61m | 102m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.4m | CN¥32.7m | −CN¥4.0m | CN¥74.2m | −CN¥64.1m | CN¥27.0m | CN¥171.3m | −CN¥3.9m | −CN¥16.8m | −CN¥45.5m |
| Capital spending | −CN¥107.3m | −CN¥86.1m | −CN¥35.4m | −CN¥67.4m | −CN¥88.7m | −CN¥49.3m | −CN¥57.6m | −CN¥61.6m | −CN¥89.8m | −CN¥56.3m |
| Free cash flow | −CN¥101.9m | −CN¥53.4m | −CN¥39.4m | CN¥6.7m | −CN¥152.8m | −CN¥22.3m | CN¥113.7m | −CN¥65.5m | −CN¥106.6m | −CN¥101.8m |
| Dividends paid | — | — | −CN¥594,097 | −CN¥555,833 | −CN¥9.6m | −CN¥9.6m | −CN¥9.6m | −CN¥9.6m | — | −CN¥17.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥100.6m | CN¥23.0m | CN¥120.7m | CN¥68.4m | CN¥101.8m | CN¥19.5m | CN¥153.7m | CN¥30.2m |
| Operating income | −CN¥10.5m | −CN¥36.1m | CN¥31.1m | −CN¥2.6m | −CN¥3.1m | −CN¥20.5m | CN¥24.8m | −CN¥20.9m |
| Net income | −CN¥4.2m | −CN¥19.0m | CN¥31.9m | −CN¥2.7m | −CN¥3.5m | −CN¥20.3m | CN¥23.3m | −CN¥19.8m |
| Diluted earnings per share | -0.04 | -0.19 | 0.31 | -0.03 | -0.03 | -0.20 | 0.30 | -0.25 |
| Cash from operations | — | — | CN¥103.0m | −CN¥26.0m | CN¥6.0m | −CN¥83.0m | CN¥136.0m | −CN¥20.0m |
| Capital spending | −CN¥14.0m | −CN¥7.0m | −CN¥48.0m | −CN¥22.0m | −CN¥23.0m | −CN¥12.0m | −CN¥51.0m | −CN¥13.0m |
| Free cash flow | — | — | CN¥55.0m | −CN¥48.0m | −CN¥17.0m | −CN¥95.0m | CN¥85.0m | −CN¥33.0m |
| Total assets | CN¥3.57bn | CN¥3.57bn | CN¥3.63bn | CN¥3.57bn | CN¥3.58bn | CN¥3.53bn | CN¥3.57bn | CN¥1.75bn |
| Cash and short-term investments | — | — | CN¥2.54bn | CN¥2.48bn | CN¥2.53bn | CN¥2.54bn | CN¥2.64bn | CN¥811.2m |
| Debt | — | — | CN¥1.8m | CN¥1.7m | — | — | CN¥1.8m | CN¥1.6m |
| Shareholders' equity | CN¥3.22bn | CN¥3.23bn | CN¥3.25bn | CN¥3.21bn | CN¥3.22bn | CN¥3.22bn | CN¥3.24bn | CN¥1.46bn |
Financial ratios
Data as of 12 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.6% | -12.7% | -67.7% | -58.5% | -26.2% | 17.3% |
| Net margin | 1.7% | -12.6% | -79.4% | -64.0% | -20.7% | 22.0% |
| Return on equity | 0.2% | -1.0% | -8.2% | -5.3% | -2.2% | 1.8% |
| Return on assets | 0.1% | -0.9% | -7.0% | -4.4% | -1.9% | 1.5% |
| Free cash flow yield | 0.3% | 0.4% | 0.1% | 0.5% | 0.1% | 0.3% |
| Revenue growth | 22.5% | 62.3% | 15.9% | -24.8% | 33.5% | -48.0% |
| Earnings growth | -116.9% | -74.3% | 43.8% | 132.1% | -225.9% | -40.2% |
| Current ratio | 12.11x | 14.34x | 7.74x | 7.62x | 8.09x | 14.39x |
| Debt to equity | 0.00x | — | 0.00x | 0.03x | 0.00x | 0.00x |
| Equity ratio | 89.5% | 90.8% | 84.4% | 84.0% | 84.3% | 86.8% |
| Interest coverage | 18.11x | -230.70x | -159.24x | -112.18x | -318.78x | 793.50x |
| R&D as a share of sales | 38.2% | 33.0% | 61.6% | 62.6% | 35.4% | 33.6% |
| Buybacks as a share of market value | -29.5% | 4.1% | 0.9% | -1.9% | -1.7% | -32.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.1% | 18.3% | — |
| Operating income | — | -26.6% | — |
| Net income | — | -28.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | — | -738.1 | -84.8 | -97.9 | -379.5 | — |
| Price to sales | 165.6 | 92.8 | 67.3 | 62.6 | 78.7 | 140.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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