B 
21.76
-1.54%
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¥230.4m
FY2016FY2025
Net income
−CN¥75.2m
FY2016FY2025
Free cash flow
−CN¥35.8m
FY2016FY2025
Shareholders' equity
CN¥650.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥230.4m | CN¥283.4m | CN¥305.3m | CN¥247.7m | CN¥199.8m | CN¥182.3m | CN¥143.3m | CN¥122.4m | CN¥86.7m | CN¥80.1m |
| Gross profit | CN¥174.7m | CN¥227.2m | CN¥253.1m | CN¥220.8m | CN¥186.1m | CN¥160.3m | CN¥138.2m | CN¥116.2m | CN¥82.0m | CN¥79.1m |
| Research and development | CN¥96.4m | CN¥88.4m | CN¥94.3m | CN¥87.7m | CN¥67.9m | CN¥40.4m | CN¥30.9m | CN¥22.0m | CN¥17.2m | CN¥15.7m |
| Operating income | −CN¥73.3m | −CN¥66.1m | CN¥15.6m | −CN¥36.5m | CN¥20.7m | CN¥70.1m | CN¥69.7m | CN¥59.5m | CN¥39.0m | CN¥36.4m |
| Net income | −CN¥75.2m | −CN¥58.7m | CN¥14.5m | −CN¥34.7m | CN¥26.8m | CN¥61.1m | CN¥61.2m | CN¥51.4m | CN¥34.5m | CN¥36.6m |
| Diluted earnings per share | -1.00 | -0.82 | 0.35 | -0.44 | 0.33 | 0.52 | 0.85 | 0.87 | 0.46 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥717.8m | CN¥773.4m | CN¥953.4m | CN¥898.0m | CN¥992.3m | CN¥1.02bn | CN¥961.8m | CN¥191.0m | CN¥139.6m | CN¥112.1m |
| Cash and short-term investments | — | CN¥278.6m | CN¥500.5m | CN¥510.4m | CN¥662.9m | CN¥808.1m | CN¥796.6m | CN¥62.6m | CN¥56.3m | CN¥49.3m |
| Total liabilities | CN¥67.4m | CN¥47.3m | CN¥100.8m | CN¥53.9m | CN¥39.6m | CN¥36.4m | CN¥21.7m | CN¥23.1m | CN¥13.1m | CN¥10.4m |
| Debt | — | CN¥4.4m | CN¥9.1m | CN¥6.0m | CN¥10.8m | CN¥12.1m | CN¥320,780 | — | — | — |
| Shareholders' equity | CN¥650.4m | CN¥726.2m | CN¥854.5m | CN¥845.5m | CN¥952.4m | CN¥980.4m | CN¥939.3m | CN¥168.1m | CN¥126.5m | CN¥101.7m |
| Shares outstanding | 75m | 72m | 42m | 79m | 81m | 118m | 72m | 59m | 75m | 75m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥27.8m | −CN¥96.2m | −CN¥35.3m | −CN¥44.3m | −CN¥6.2m | CN¥26.9m | CN¥18.3m | CN¥16.5m | CN¥30.6m | CN¥14.6m |
| Capital spending | −CN¥8.0m | −CN¥3.5m | −CN¥8.4m | −CN¥19.3m | −CN¥66.5m | −CN¥9.0m | −CN¥1.6m | −CN¥1.1m | −CN¥14.3m | −CN¥2.0m |
| Free cash flow | −CN¥35.8m | −CN¥99.7m | −CN¥43.7m | −CN¥63.5m | −CN¥72.8m | CN¥17.9m | CN¥16.7m | CN¥15.4m | CN¥16.2m | CN¥12.6m |
| Dividends paid | — | −CN¥13.7m | — | −CN¥24.0m | −CN¥57.0m | −CN¥20.0m | −CN¥20.0m | −CN¥9.9m | −CN¥9.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥53.6m | CN¥36.5m | CN¥92.4m | CN¥56.2m | CN¥43.1m | CN¥38.7m | CN¥81.0m | CN¥62.3m |
| Gross profit | CN¥40.7m | CN¥24.4m | CN¥74.0m | CN¥43.7m | CN¥28.7m | CN¥28.2m | CN¥39.0m | CN¥73.8m |
| Operating income | −CN¥15.2m | −CN¥25.4m | CN¥20.3m | −CN¥25.6m | −CN¥38.5m | −CN¥29.5m | −CN¥9.8m | −CN¥22.6m |
| Net income | −CN¥24.2m | −CN¥34.5m | CN¥17.4m | −CN¥24.8m | −CN¥37.4m | −CN¥30.4m | −CN¥3.9m | −CN¥21.9m |
| Diluted earnings per share | -0.32 | -0.46 | 0.23 | -0.33 | -0.50 | -0.40 | -0.05 | -0.31 |
| Cash from operations | — | — | — | −CN¥29.0m | −CN¥10.0m | — | −CN¥26.0m | −CN¥36.0m |
| Capital spending | — | — | −CN¥4.0m | −CN¥1.0m | −CN¥1.0m | — | — | −CN¥1.0m |
| Free cash flow | — | — | — | −CN¥30.0m | −CN¥11.0m | — | — | −CN¥37.0m |
| Total assets | CN¥629.1m | CN¥659.5m | CN¥717.8m | CN¥688.6m | CN¥691.9m | CN¥735.7m | CN¥773.4m | CN¥781.8m |
| Cash and short-term investments | — | — | — | CN¥249.3m | CN¥263.3m | CN¥276.4m | CN¥278.6m | CN¥304.4m |
| Debt | — | — | — | CN¥18.9m | CN¥2.2m | CN¥2.9m | CN¥4.4m | CN¥4.1m |
| Shareholders' equity | CN¥592.1m | CN¥616.2m | CN¥650.4m | CN¥636.6m | CN¥660.4m | CN¥696.9m | CN¥726.2m | CN¥739.2m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 75.8% | 80.2% | 82.9% | 89.1% | 93.1% | 87.9% | — |
| Operating margin | -31.6% | -23.1% | 5.2% | -14.6% | 12.4% | 39.7% | — |
| Net margin | -32.7% | -20.7% | 4.8% | -14.0% | 13.4% | 33.5% | — |
| Return on equity | -11.6% | -8.1% | 1.7% | -4.1% | 2.8% | 6.2% | — |
| Return on assets | -10.5% | -7.6% | 1.5% | -3.9% | 2.7% | 6.0% | — |
| Free cash flow yield | -1.3% | -6.4% | -3.2% | -1.6% | 3.7% | 1.5% | — |
| Revenue growth | -18.7% | -7.2% | 23.3% | 23.9% | 9.6% | 27.2% | — |
| Earnings growth | 28.1% | -504.4% | -141.9% | -229.2% | -56.1% | -0.3% | — |
| Current ratio | 10.44x | 15.45x | 8.68x | 16.39x | 28.04x | 26.58x | — |
| Debt to equity | — | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 90.6% | 93.9% | 89.6% | 94.2% | 96.0% | 96.3% | — |
| Interest coverage | -380.47x | -243.57x | 43.04x | -101.09x | 38.36x | 1113.41x | — |
| R&D as a share of sales | 41.9% | 31.2% | 30.9% | 35.4% | 34.0% | 22.2% | — |
| Buybacks as a share of market value | -4.7% | -72.2% | 47.2% | 2.1% | 31.4% | -64.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.4% | 4.8% | 14.6% |
| Operating income | 26.2% | — | — |
| Net income | 29.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 78.2% | 82.1% | 84.4% | 87.4% |
| Operating margin | -27.1% | -15.0% | -4.8% | 7.0% |
| Net margin | -26.1% | -14.4% | -4.6% | 6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -27.3 | -33.7 | 97.0 | -66.5 | 124.5 | 86.6 | 59.2 |
| Price to sales | 8.9 | 7.0 | 4.6 | 9.3 | 16.7 | 29.0 | 25.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2024.
| FY2024 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.26 | 0.429 | 0.727 | 0.255 |
- 7-for-5 split · 21 Jun 2024
- 7-for-5 split · 2 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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