B 
28.55
+7.49%
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¥156.6m
FY2016FY2025
Net income
−CN¥54.9m
FY2016FY2025
Free cash flow
CN¥21.2m
FY2016FY2025
Shareholders' equity
CN¥676.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥156.6m | CN¥328.6m | CN¥396.1m | CN¥364.9m | CN¥290.9m | CN¥197.6m | CN¥154.3m | CN¥125.5m | CN¥107.3m | CN¥79.3m |
| Research and development | CN¥61.2m | CN¥52.1m | CN¥44.2m | CN¥37.3m | CN¥36.1m | CN¥20.6m | CN¥15.2m | CN¥11.6m | CN¥10.5m | CN¥10.1m |
| Operating income | −CN¥77.4m | CN¥37.7m | CN¥91.6m | CN¥89.1m | CN¥68.1m | CN¥55.8m | CN¥55.4m | CN¥36.0m | CN¥25.5m | CN¥3.2m |
| Net income | −CN¥54.9m | CN¥33.0m | CN¥84.3m | CN¥80.0m | CN¥63.1m | CN¥50.7m | CN¥47.1m | CN¥31.1m | CN¥21.6m | CN¥3.0m |
| Diluted earnings per share | -0.69 | 0.47 | 1.11 | 1.02 | 0.78 | 0.76 | 0.91 | 0.59 | 0.41 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥842.8m | CN¥939.9m | CN¥902.4m | CN¥798.6m | CN¥690.4m | CN¥569.7m | CN¥571.8m | CN¥221.8m | CN¥203.8m | CN¥175.2m |
| Cash and short-term investments | — | CN¥184.1m | CN¥190.7m | CN¥212.5m | CN¥248.1m | CN¥305.0m | CN¥366.0m | CN¥19.1m | CN¥17.4m | CN¥6.0m |
| Total liabilities | CN¥163.0m | CN¥192.4m | CN¥179.7m | CN¥152.5m | CN¥123.3m | CN¥58.0m | CN¥52.4m | CN¥64.1m | CN¥67.3m | CN¥68.9m |
| Debt | CN¥8.6m | CN¥5.4m | CN¥6.0m | CN¥3.3m | CN¥15.4m | CN¥4.3m | CN¥5.0m | CN¥13.0m | CN¥7.0m | CN¥14.5m |
| Shareholders' equity | CN¥676.3m | CN¥740.7m | CN¥719.4m | CN¥646.1m | CN¥567.1m | CN¥511.7m | CN¥519.4m | CN¥157.6m | CN¥136.4m | CN¥106.2m |
| Shares outstanding | 79m | 71m | 76m | 79m | 81m | 67m | 52m | 53m | 52m | 46m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥47.8m | CN¥21.9m | −CN¥3.4m | −CN¥7.5m | −CN¥11.6m | −CN¥12.0m | CN¥37.7m | CN¥8.8m | CN¥3.0m | −CN¥17.7m |
| Capital spending | −CN¥26.6m | −CN¥7.3m | −CN¥4.7m | −CN¥6.5m | −CN¥38.4m | −CN¥6.4m | −CN¥989,877 | −CN¥1.0m | −CN¥1.4m | −CN¥534,456 |
| Free cash flow | CN¥21.2m | CN¥14.6m | −CN¥8.2m | −CN¥14.0m | −CN¥50.0m | −CN¥18.4m | CN¥36.7m | CN¥7.7m | CN¥1.6m | −CN¥18.2m |
| Dividends paid | −CN¥10.1m | −CN¥26.1m | −CN¥24.3m | −CN¥19.5m | −CN¥15.6m | −CN¥14.9m | −CN¥8.9m | −CN¥10.6m | −CN¥2.6m | −CN¥654,295 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥64.6m | CN¥22.9m | CN¥34.5m | CN¥36.1m | CN¥49.1m | CN¥36.9m | CN¥114.0m | CN¥74.2m |
| Operating income | −CN¥12.7m | −CN¥15.2m | −CN¥65.2m | −CN¥17.3m | −CN¥5.3m | CN¥9.6m | −CN¥16.0m | CN¥14.6m |
| Net income | −CN¥6.9m | −CN¥7.9m | −CN¥42.1m | −CN¥17.6m | −CN¥4.2m | CN¥9.0m | −CN¥16.0m | CN¥13.5m |
| Diluted earnings per share | -0.09 | -0.10 | -0.53 | -0.22 | -0.05 | 0.11 | -0.23 | 0.19 |
| Cash from operations | — | — | — | CN¥3.0m | CN¥31.0m | −CN¥22.0m | — | — |
| Capital spending | — | −CN¥1.0m | −CN¥4.0m | −CN¥11.0m | −CN¥10.0m | — | −CN¥4.0m | — |
| Free cash flow | — | — | — | −CN¥8.0m | CN¥21.0m | — | — | — |
| Total assets | CN¥808.8m | CN¥826.8m | CN¥842.8m | CN¥864.0m | CN¥883.7m | CN¥909.2m | CN¥939.9m | CN¥898.3m |
| Cash and short-term investments | — | — | — | CN¥173.5m | CN¥172.0m | CN¥161.0m | CN¥184.1m | CN¥154.1m |
| Debt | CN¥8.6m | CN¥8.6m | CN¥8.6m | CN¥7.5m | CN¥4.2m | CN¥5.0m | CN¥5.0m | CN¥5.0m |
| Shareholders' equity | CN¥661.4m | CN¥668.3m | CN¥676.3m | CN¥718.0m | CN¥735.6m | CN¥753.5m | CN¥740.7m | CN¥756.8m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -50.1% | 10.9% | 23.0% | 23.9% | 24.3% | 28.9% | — |
| Net margin | -35.0% | 10.1% | 21.3% | 21.9% | 21.7% | 25.7% | — |
| Return on equity | -8.1% | 4.5% | 11.7% | 12.4% | 11.1% | 9.9% | — |
| Return on assets | -6.5% | 3.5% | 9.3% | 10.0% | 9.1% | 8.9% | — |
| Free cash flow yield | 3.4% | 1.5% | 0.1% | -0.0% | 1.2% | -0.3% | — |
| Revenue growth | -52.3% | -17.0% | 8.6% | 25.4% | 47.2% | 28.1% | — |
| Earnings growth | -266.1% | -60.8% | 5.4% | 26.8% | 24.3% | 7.8% | — |
| Current ratio | 5.24x | 4.57x | 4.79x | 4.83x | 5.11x | 9.68x | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | — | 0.03x | 0.00x | 0.01x |
| Equity ratio | 80.2% | 78.8% | 79.7% | 80.9% | 82.1% | 89.8% | — |
| Interest coverage | -232.24x | 108.58x | 328.97x | 127.22x | 268.22x | 246.20x | — |
| R&D as a share of sales | 39.1% | 15.9% | 11.2% | 10.2% | 12.4% | 10.4% | — |
| Buybacks as a share of market value | -12.1% | 6.5% | 3.6% | 3.4% | -21.6% | -28.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.6% | -4.5% | 13.1% |
| Operating income | — | — | 7.3% |
| Net income | — | — | 6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.2% | 11.3% | 15.3% | 15.4% |
| Net margin | -4.5% | 11.4% | 14.8% | 14.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -39.8 | 56.2 | 36.2 | 31.4 | 75.0 | 36.2 | 56.4 |
| Price to sales | 13.9 | 5.7 | 7.7 | 6.9 | 16.3 | 9.3 | 17.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 17 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.136 | 0.36 | 0.34 | 0.268 | 0.218 | 0.208 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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