H 
14.07
-1.40%
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¥911.4m
FY2016FY2025
Net income
−CN¥192.2m
FY2016FY2025
Free cash flow
−CN¥143.1m
FY2016FY2025
Shareholders' equity
CN¥731.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥911.4m | CN¥996.6m | CN¥901.0m | CN¥811.6m | CN¥1.03bn | CN¥725.4m | CN¥674.6m | CN¥562.3m | CN¥463.1m | CN¥326.5m |
| Research and development | CN¥340.5m | CN¥359.8m | CN¥343.5m | CN¥339.3m | CN¥299.2m | CN¥212.2m | CN¥186.7m | CN¥156.5m | CN¥141.5m | CN¥121.0m |
| Operating income | −CN¥203.7m | −CN¥123.3m | −CN¥243.8m | −CN¥212.0m | CN¥59.7m | CN¥51.0m | CN¥94.7m | CN¥79.0m | CN¥61.5m | CN¥2.7m |
| Net income | −CN¥192.2m | −CN¥137.2m | −CN¥239.8m | −CN¥182.5m | CN¥75.5m | CN¥60.2m | CN¥91.0m | CN¥68.9m | CN¥60.1m | CN¥1.2m |
| Diluted earnings per share | -1.07 | -0.68 | -1.33 | -1.01 | 0.42 | 0.33 | 0.51 | 0.51 | 0.33 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.96bn | CN¥1.99bn | CN¥1.85bn | CN¥2.12bn | CN¥1.94bn | CN¥1.79bn | CN¥1.62bn | CN¥746.8m | CN¥402.3m | CN¥323.0m |
| Cash and short-term investments | — | CN¥277.9m | CN¥368.8m | CN¥525.2m | CN¥580.2m | CN¥820.7m | CN¥1.08bn | CN¥221.3m | CN¥63.6m | CN¥120.5m |
| Total liabilities | CN¥1.23bn | CN¥1.06bn | CN¥771.8m | CN¥795.4m | CN¥437.1m | CN¥368.6m | CN¥246.0m | CN¥330.4m | CN¥184.7m | CN¥116.3m |
| Debt | CN¥279.0m | CN¥494.0m | CN¥384.6m | CN¥416.8m | CN¥35.3m | CN¥120.3m | CN¥10.0m | CN¥20.0m | — | — |
| Shareholders' equity | CN¥731.4m | CN¥922.5m | CN¥1.08bn | CN¥1.32bn | CN¥1.51bn | CN¥1.43bn | CN¥1.38bn | CN¥416.3m | CN¥217.6m | CN¥206.7m |
| Shares outstanding | 180m | 203m | 180m | 180m | 181m | 180m | 180m | 135m | 180m | 180m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥109.7m | −CN¥90.2m | −CN¥55.6m | −CN¥332.3m | −CN¥119.1m | CN¥2.7m | CN¥15.8m | CN¥9.2m | −CN¥6.9m | CN¥19.8m |
| Capital spending | −CN¥33.4m | −CN¥62.3m | −CN¥59.8m | −CN¥68.8m | −CN¥82.3m | −CN¥247.5m | −CN¥9.0m | −CN¥14.5m | −CN¥7.4m | −CN¥3.9m |
| Free cash flow | −CN¥143.1m | −CN¥152.5m | −CN¥115.4m | −CN¥401.1m | −CN¥201.3m | −CN¥244.8m | CN¥6.8m | −CN¥5.3m | −CN¥14.3m | CN¥15.9m |
| Dividends paid | −CN¥12.6m | −CN¥7.1m | −CN¥4.1m | −CN¥22.7m | −CN¥18.2m | −CN¥10.1m | −CN¥2.3m | −CN¥490,946 | −CN¥490,945 | −CN¥145,629 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥270.5m | CN¥180.8m | CN¥192.8m | CN¥301.8m | CN¥258.8m | CN¥158.0m | CN¥291.4m | CN¥324.4m |
| Operating income | CN¥36.2m | −CN¥16.5m | −CN¥142.7m | CN¥101,234 | CN¥1.4m | −CN¥69.2m | −CN¥60.8m | CN¥2.7m |
| Net income | CN¥13.4m | −CN¥34.5m | −CN¥119.4m | CN¥3.7m | −CN¥2.1m | −CN¥74.4m | −CN¥60.6m | CN¥3.4m |
| Diluted earnings per share | 0.07 | -0.19 | -0.66 | 0.02 | -0.01 | -0.41 | -0.30 | 0.02 |
| Cash from operations | — | — | — | −CN¥29.0m | −CN¥6.0m | −CN¥118.0m | CN¥6.0m | −CN¥25.0m |
| Capital spending | −CN¥5.0m | −CN¥5.0m | −CN¥6.0m | −CN¥6.0m | −CN¥17.0m | −CN¥3.0m | −CN¥13.0m | −CN¥27.0m |
| Free cash flow | — | — | — | −CN¥35.0m | −CN¥23.0m | −CN¥121.0m | −CN¥7.0m | −CN¥52.0m |
| Total assets | CN¥1.95bn | CN¥1.88bn | CN¥1.96bn | CN¥1.99bn | CN¥1.97bn | CN¥1.89bn | CN¥1.99bn | CN¥1.83bn |
| Cash and short-term investments | — | — | — | CN¥208.0m | CN¥225.4m | CN¥234.7m | CN¥277.9m | CN¥283.0m |
| Debt | CN¥283.3m | CN¥281.4m | CN¥279.0m | CN¥468.1m | CN¥594.3m | CN¥568.9m | CN¥491.4m | CN¥470.6m |
| Shareholders' equity | CN¥712.2m | CN¥697.9m | CN¥731.4m | CN¥850.2m | CN¥846.1m | CN¥848.1m | CN¥922.5m | CN¥984.9m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -22.3% | -12.3% | -26.9% | -25.6% | 5.9% | 6.9% | — |
| Net margin | -21.1% | -13.8% | -26.6% | -22.5% | 7.4% | 8.3% | — |
| Return on equity | -26.3% | -14.9% | -22.2% | -13.8% | 5.0% | 4.2% | — |
| Return on assets | -9.8% | -6.9% | -12.9% | -8.6% | 3.9% | 3.4% | — |
| Free cash flow yield | -2.3% | -0.7% | 0.1% | -7.9% | -1.1% | 7.5% | — |
| Revenue growth | -8.5% | 10.6% | 11.0% | -21.0% | 41.6% | 7.5% | — |
| Earnings growth | 40.1% | -42.8% | 31.4% | -341.6% | 25.4% | -33.8% | — |
| Current ratio | 1.57x | 1.91x | 2.78x | 3.17x | 3.91x | 4.25x | — |
| Debt to equity | 0.38x | 0.53x | 0.35x | 0.29x | — | 0.02x | 0.01x |
| Equity ratio | 37.3% | 46.5% | 58.3% | 62.3% | 77.6% | 79.5% | — |
| Interest coverage | -7.94x | -5.73x | -13.42x | -11.86x | 24.14x | 78.52x | — |
| R&D as a share of sales | 37.4% | 36.1% | 38.1% | 41.8% | 29.1% | 29.3% | — |
| Buybacks as a share of market value | 11.2% | -12.6% | -0.0% | 0.7% | -0.6% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 4.7% | — |
| Operating income | -1.3% | — | — |
| Net income | 1.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -17.0 | -22.9 | -15.1 | -19.2 | 71.2 | 113.2 | 81.7 |
| Price to sales | 3.6 | 3.2 | 4.0 | 4.3 | 5.2 | 9.4 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2022.
| FY2022 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.126 | 0.101 | 0.056 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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