C 
29.60
-1.63%
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¥621.1m
FY2017FY2025
Net income
CN¥11.6m
FY2017FY2025
Free cash flow
−CN¥111.4m
FY2017FY2025
Shareholders' equity
CN¥594.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥621.1m | CN¥474.2m | CN¥301.8m | CN¥287.3m | CN¥250.3m | CN¥271.8m | CN¥210.8m | CN¥116.6m | CN¥103.4m |
| Research and development | CN¥42.5m | CN¥42.9m | CN¥38.4m | CN¥25.7m | CN¥36.1m | CN¥27.9m | CN¥20.0m | CN¥16.1m | CN¥9.2m |
| Operating income | CN¥21.0m | −CN¥27.0m | −CN¥65.0m | −CN¥28.9m | −CN¥31.5m | CN¥45.7m | CN¥48.5m | CN¥27.2m | CN¥19.5m |
| Net income | CN¥11.6m | −CN¥35.8m | −CN¥64.5m | −CN¥26.1m | −CN¥22.9m | CN¥41.0m | CN¥39.1m | CN¥24.2m | CN¥13.6m |
| Diluted earnings per share | 0.12 | -0.41 | -0.75 | -0.31 | -0.25 | 0.60 | 0.60 | 0.24 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.17bn | CN¥1.06bn | CN¥940.7m | CN¥949.7m | CN¥865.6m | CN¥426.2m | CN¥372.9m | CN¥171.9m | CN¥131.1m |
| Cash and short-term investments | — | CN¥236.3m | CN¥217.8m | CN¥247.1m | CN¥368.8m | CN¥165.1m | CN¥201.4m | CN¥55.6m | CN¥65.1m |
| Total liabilities | CN¥568.1m | CN¥487.1m | CN¥333.6m | CN¥277.4m | CN¥167.9m | CN¥134.9m | CN¥103.8m | CN¥48.9m | CN¥33.2m |
| Debt | CN¥19.0m | CN¥129.1m | CN¥165.9m | CN¥70.1m | CN¥22.0m | CN¥40.0m | CN¥220,600 | CN¥5.5m | — |
| Shareholders' equity | CN¥594.5m | CN¥569.7m | CN¥605.5m | CN¥670.0m | CN¥695.2m | CN¥291.3m | CN¥265.1m | CN¥122.1m | CN¥97.9m |
| Shares outstanding | 100m | 86m | 86m | 83m | 93m | 68m | 66m | 100m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥68.5m | CN¥60.1m | −CN¥21.8m | −CN¥81.3m | −CN¥83.5m | −CN¥22.2m | CN¥30.9m | CN¥8.5m | CN¥29.1m |
| Capital spending | −CN¥43.0m | −CN¥29.5m | −CN¥81.6m | −CN¥111.0m | −CN¥106.4m | −CN¥31.2m | −CN¥23.4m | −CN¥7.4m | −CN¥3.8m |
| Free cash flow | −CN¥111.4m | CN¥30.6m | −CN¥103.4m | −CN¥192.3m | −CN¥190.0m | −CN¥53.4m | CN¥7.5m | CN¥1.2m | CN¥25.3m |
| Dividends paid | −CN¥4.4m | −CN¥5.7m | −CN¥4.2m | −CN¥1.2m | −CN¥19.3m | −CN¥10.0m | −CN¥58,006 | −CN¥131,530 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥124.6m | CN¥52.1m | CN¥298.7m | CN¥187.7m | CN¥95.9m | CN¥38.8m | CN¥268.9m | CN¥122.1m |
| Operating income | −CN¥1.3m | −CN¥20.1m | CN¥36.0m | CN¥21.6m | −CN¥6.9m | −CN¥28.0m | CN¥22.2m | CN¥1.9m |
| Net income | −CN¥6.9m | −CN¥18.4m | CN¥31.5m | CN¥16.5m | −CN¥8.4m | −CN¥27.9m | CN¥17.7m | −CN¥419,780 |
| Diluted earnings per share | -0.07 | -0.18 | 0.32 | 0.17 | -0.08 | -0.28 | 0.20 | -0.00 |
| Cash from operations | — | — | — | −CN¥13.0m | −CN¥49.0m | −CN¥32.0m | CN¥122.0m | CN¥40.0m |
| Capital spending | −CN¥11.0m | −CN¥19.0m | −CN¥28.0m | −CN¥3.0m | −CN¥4.0m | −CN¥6.0m | −CN¥16.0m | −CN¥4.0m |
| Free cash flow | — | — | — | −CN¥16.0m | −CN¥53.0m | −CN¥38.0m | CN¥106.0m | CN¥36.0m |
| Total assets | CN¥1.20bn | CN¥1.14bn | CN¥1.17bn | CN¥1.01bn | CN¥1.02bn | CN¥1.03bn | CN¥1.06bn | CN¥982.9m |
| Cash and short-term investments | — | — | — | CN¥128.5m | CN¥154.3m | CN¥214.8m | CN¥236.3m | CN¥115.9m |
| Debt | CN¥66.5m | CN¥19.8m | CN¥19.0m | CN¥111.0m | CN¥71.0m | CN¥137.2m | CN¥126.7m | CN¥76.0m |
| Shareholders' equity | CN¥593.0m | CN¥578.9m | CN¥594.5m | CN¥602.2m | CN¥579.9m | CN¥541.8m | CN¥569.7m | CN¥552.1m |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.8% | -5.6% | -19.4% | -10.9% | -11.9% | 16.1% |
| Net margin | 1.9% | -7.5% | -21.4% | -9.1% | -9.2% | 15.1% |
| Return on equity | 2.0% | -6.3% | -10.7% | -3.9% | -3.3% | 14.1% |
| Return on assets | 1.0% | -3.4% | -6.9% | -2.7% | -2.6% | 9.6% |
| Free cash flow yield | -0.8% | 3.3% | 2.2% | 1.1% | 0.8% | 0.4% |
| Revenue growth | 31.0% | 57.1% | 5.0% | 14.8% | -7.9% | 29.0% |
| Earnings growth | -132.5% | -44.5% | 147.5% | 13.6% | -156.0% | 4.7% |
| Current ratio | 1.88x | 1.53x | 1.77x | 2.27x | 4.06x | 3.82x |
| Debt to equity | 0.03x | 0.22x | 0.27x | 0.10x | 0.01x | 0.15x |
| Equity ratio | 50.9% | 53.9% | 64.4% | 70.6% | 80.3% | 68.3% |
| Interest coverage | 2.49x | -4.45x | -12.08x | -16.55x | -29.80x | 127.19x |
| R&D as a share of sales | 6.8% | 9.0% | 12.7% | 9.0% | 14.4% | 10.3% |
| Buybacks as a share of market value | -15.6% | -0.5% | -3.3% | 10.6% | -37.1% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.3% | 18.0% | — |
| Operating income | — | -14.4% | — |
| Net income | — | -22.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 475.1 | -85.2 | -45.7 | -135.0 | -137.0 |
| Price to sales | 8.9 | 6.4 | 9.8 | 12.2 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.22 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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