N 
22.77
+2.48%
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¥1.38bn
FY2017FY2025
Net income
−CN¥17.0m
FY2017FY2025
Free cash flow
CN¥185.8m
FY2017FY2025
Shareholders' equity
CN¥3.80bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.38bn | CN¥1.38bn | CN¥1.29bn | CN¥3.57bn | CN¥1.87bn | CN¥1.56bn | CN¥268.4m | CN¥170.8m | CN¥112.4m |
| Research and development | CN¥280.7m | CN¥303.4m | CN¥338.6m | CN¥396.1m | CN¥230.3m | CN¥125.5m | CN¥62.3m | CN¥53.0m | CN¥26.3m |
| Operating income | −CN¥40.5m | −CN¥61.4m | −CN¥100.2m | CN¥717.5m | CN¥771.1m | CN¥973.0m | CN¥24.6m | CN¥526,121 | CN¥4,521 |
| Net income | −CN¥17.0m | −CN¥18.1m | −CN¥71.0m | CN¥594.2m | CN¥678.3m | CN¥821.7m | CN¥25.8m | CN¥1.0m | CN¥3.6m |
| Diluted earnings per share | -0.04 | -0.05 | -0.19 | 1.51 | 1.82 | 2.27 | 0.06 | 0.00 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.03bn | CN¥5.05bn | CN¥5.75bn | CN¥6.01bn | CN¥4.61bn | CN¥1.61bn | CN¥324.3m | CN¥250.7m | CN¥188.4m |
| Cash and short-term investments | — | CN¥2.66bn | CN¥3.48bn | CN¥3.26bn | CN¥3.45bn | CN¥1.02bn | CN¥93.8m | CN¥83.3m | CN¥88.8m |
| Total liabilities | CN¥1.24bn | CN¥1.11bn | CN¥1.72bn | CN¥1.39bn | CN¥479.8m | CN¥279.3m | CN¥124.3m | CN¥84.7m | CN¥37.6m |
| Debt | — | CN¥694.7m | CN¥1.29bn | CN¥458.1m | CN¥91.2m | CN¥1.2m | CN¥35.7m | CN¥31.2m | CN¥5.5m |
| Shareholders' equity | CN¥3.80bn | CN¥3.95bn | CN¥4.03bn | CN¥4.61bn | CN¥4.13bn | CN¥1.33bn | CN¥200.0m | CN¥166.1m | CN¥150.8m |
| Shares outstanding | 424m | 358m | 371m | 393m | 372m | 361m | 424m | 424m | 424m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥233.2m | −CN¥9.7m | CN¥198.4m | CN¥735.2m | CN¥616.8m | CN¥803.6m | CN¥15.2m | −CN¥4.0m | −CN¥3.9m |
| Capital spending | −CN¥47.4m | −CN¥74.9m | −CN¥232.9m | −CN¥962.9m | −CN¥262.0m | −CN¥152.5m | −CN¥19.9m | −CN¥32.1m | −CN¥18.8m |
| Free cash flow | CN¥185.8m | −CN¥84.6m | −CN¥34.5m | −CN¥227.7m | CN¥354.8m | CN¥651.0m | −CN¥4.7m | −CN¥36.1m | −CN¥22.7m |
| Dividends paid | −CN¥77.5m | −CN¥80.4m | −CN¥500.0m | −CN¥120.0m | −CN¥4.4m | −CN¥1.5m | −CN¥1.3m | −CN¥868,461 | −CN¥290,769 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥379.8m | CN¥320.6m | CN¥425.5m | CN¥346.2m | CN¥321.2m | CN¥285.0m | CN¥392.0m | CN¥336.6m |
| Operating income | CN¥4.3m | −CN¥6.5m | −CN¥22.9m | −CN¥6.8m | −CN¥5.5m | −CN¥5.3m | −CN¥50.2m | −CN¥8.1m |
| Net income | CN¥6.8m | CN¥4.2m | −CN¥23.6m | CN¥3.5m | CN¥1.2m | CN¥1.9m | −CN¥36.3m | CN¥2.0m |
| Diluted earnings per share | 0.02 | 0.01 | -0.06 | 0.01 | 0.00 | 0.00 | -0.10 | 0.01 |
| Cash from operations | — | — | — | CN¥75.0m | CN¥57.0m | −CN¥39.0m | — | −CN¥16.0m |
| Capital spending | −CN¥6.0m | −CN¥7.0m | −CN¥8.0m | −CN¥15.0m | −CN¥9.0m | −CN¥13.0m | −CN¥2.0m | −CN¥30.0m |
| Free cash flow | — | — | — | CN¥60.0m | CN¥48.0m | −CN¥52.0m | — | −CN¥46.0m |
| Total assets | CN¥4.63bn | CN¥5.10bn | CN¥5.03bn | CN¥5.01bn | CN¥5.24bn | CN¥5.27bn | CN¥5.05bn | CN¥4.90bn |
| Cash and short-term investments | — | — | — | CN¥2.72bn | CN¥2.91bn | CN¥2.91bn | CN¥2.66bn | CN¥2.47bn |
| Debt | — | — | — | CN¥735.5m | CN¥935.5m | CN¥941.4m | CN¥551.3m | CN¥456.8m |
| Shareholders' equity | CN¥3.61bn | CN¥3.80bn | CN¥3.80bn | CN¥3.84bn | CN¥3.85bn | CN¥3.90bn | CN¥3.95bn | CN¥3.94bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.8% | -2.2% | -6.2% | 17.4% | 41.1% | 61.4% | — |
| Net margin | -1.2% | -1.3% | -5.5% | 16.7% | 36.3% | 52.5% | — |
| Return on equity | -0.4% | -0.5% | -1.8% | 12.9% | 16.4% | 61.7% | — |
| Return on assets | -0.3% | -0.4% | -1.2% | 9.9% | 14.7% | 51.0% | — |
| Free cash flow yield | 2.5% | 0.7% | 4.4% | 16.5% | 9.0% | 10.1% | — |
| Revenue growth | -0.0% | 7.1% | -64.0% | 91.0% | 19.4% | 482.9% | — |
| Earnings growth | -6.2% | -74.5% | -111.9% | -12.4% | -17.5% | 3085.6% | — |
| Current ratio | 3.56x | 3.95x | 2.78x | 3.96x | 10.46x | 5.83x | — |
| Debt to equity | — | 0.14x | 0.28x | 0.06x | 0.01x | 0.01x | 0.18x |
| Equity ratio | 75.5% | 78.1% | 70.1% | 76.7% | 89.6% | 82.7% | — |
| Interest coverage | -1.60x | -1.06x | -2.20x | 46.70x | 194.07x | 807.34x | — |
| R&D as a share of sales | 20.4% | 22.0% | 26.3% | 11.1% | 12.3% | 8.0% | — |
| Buybacks as a share of market value | -18.5% | 3.4% | 5.6% | -5.5% | -3.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.2% | -2.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -499.8 | -438.8 | -167.3 | 27.0 | 44.7 |
| Price to sales | 6.2 | 5.8 | 9.2 | 4.5 | 16.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.15 | 0.13 | 1.25 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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