G 
28.03
-1.06%
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¥618.4m
FY2016FY2025
Net income
−CN¥9.2m
FY2016FY2025
Free cash flow
−CN¥100.5m
FY2016FY2025
Shareholders' equity
CN¥1.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥618.4m | CN¥488.1m | CN¥503.1m | CN¥452.4m | CN¥391.2m | CN¥252.8m | CN¥232.0m | CN¥138.4m | CN¥129.3m | CN¥96.2m |
| Research and development | CN¥80.8m | CN¥77.8m | CN¥75.2m | CN¥67.6m | CN¥48.8m | CN¥24.8m | CN¥22.0m | CN¥12.6m | CN¥11.0m | — |
| Operating income | −CN¥9.1m | −CN¥22.5m | CN¥28.5m | CN¥24.7m | CN¥115.1m | CN¥58.1m | CN¥72.4m | CN¥21.2m | CN¥23.3m | CN¥16.8m |
| Net income | −CN¥9.2m | −CN¥61.6m | CN¥21.7m | CN¥32.0m | CN¥105.8m | CN¥51.9m | CN¥60.8m | CN¥15.9m | CN¥19.5m | CN¥14.6m |
| Diluted earnings per share | -0.05 | -0.33 | 0.10 | 0.15 | 0.51 | 0.30 | 0.42 | 0.11 | 0.13 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.65bn | CN¥2.59bn | CN¥2.07bn | CN¥1.69bn | CN¥1.26bn | CN¥1.09bn | CN¥580.0m | CN¥408.6m | CN¥383.8m | CN¥235.0m |
| Cash and short-term investments | — | CN¥445.6m | CN¥103.6m | CN¥222.4m | CN¥136.1m | CN¥473.5m | CN¥93.3m | CN¥61.9m | CN¥77.9m | CN¥55.8m |
| Total liabilities | CN¥1.48bn | CN¥1.47bn | CN¥938.9m | CN¥607.0m | CN¥209.4m | CN¥115.7m | CN¥126.5m | CN¥50.9m | CN¥42.2m | CN¥33.5m |
| Debt | CN¥858.5m | CN¥1.00bn | CN¥453.6m | CN¥371.0m | CN¥85.1m | CN¥50.1m | CN¥37.7m | CN¥16.6m | CN¥16.8m | CN¥9.3m |
| Shareholders' equity | CN¥1.14bn | CN¥1.11bn | CN¥1.12bn | CN¥1.08bn | CN¥1.05bn | CN¥976.4m | CN¥453.5m | CN¥357.6m | CN¥341.5m | CN¥201.5m |
| Shares outstanding | 203m | 185m | 210m | 208m | 206m | 171m | 145m | 144m | 145m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥279.1m | CN¥204.3m | CN¥196.4m | CN¥260.2m | CN¥191.8m | CN¥105.4m | CN¥151.3m | CN¥43.0m | CN¥56.9m | CN¥31.7m |
| Capital spending | −CN¥379.6m | −CN¥397.8m | −CN¥562.2m | −CN¥429.6m | −CN¥477.3m | −CN¥189.2m | −CN¥150.6m | −CN¥64.1m | −CN¥153.7m | −CN¥83.6m |
| Free cash flow | −CN¥100.5m | −CN¥193.6m | −CN¥365.7m | −CN¥169.4m | −CN¥285.5m | −CN¥83.8m | CN¥758,120 | −CN¥21.1m | −CN¥96.9m | −CN¥51.9m |
| Dividends paid | −CN¥16.7m | −CN¥41.9m | −CN¥17.0m | −CN¥58.0m | −CN¥50.1m | −CN¥1.8m | −CN¥1.3m | −CN¥719,468 | −CN¥837,717 | −CN¥832,515 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥190.0m | CN¥166.3m | CN¥175.1m | CN¥159.2m | CN¥154.0m | CN¥130.1m | CN¥128.1m | CN¥129.3m |
| Operating income | CN¥14.8m | CN¥8.5m | −CN¥3.6m | CN¥3.1m | CN¥281,284 | CN¥2.0m | −CN¥21.4m | CN¥3.5m |
| Net income | CN¥12.0m | CN¥3.4m | −CN¥10.0m | CN¥7.8m | CN¥523,413 | −CN¥7.6m | −CN¥49.4m | −CN¥3.8m |
| Diluted earnings per share | 0.06 | 0.02 | -0.05 | 0.04 | 0.00 | -0.04 | -0.27 | -0.02 |
| Cash from operations | — | — | — | CN¥59.0m | CN¥57.0m | CN¥43.0m | — | CN¥36.0m |
| Capital spending | −CN¥98.0m | −CN¥71.0m | −CN¥99.0m | −CN¥63.0m | −CN¥122.0m | −CN¥93.0m | −CN¥84.0m | −CN¥91.0m |
| Free cash flow | — | — | — | −CN¥4.0m | −CN¥65.0m | −CN¥50.0m | — | −CN¥55.0m |
| Total assets | CN¥2.70bn | CN¥2.67bn | CN¥2.65bn | CN¥2.60bn | CN¥2.61bn | CN¥2.56bn | CN¥2.59bn | CN¥2.70bn |
| Cash and short-term investments | — | — | — | CN¥250.6m | CN¥301.1m | CN¥356.9m | CN¥445.6m | CN¥553.9m |
| Debt | CN¥417.1m | CN¥392.1m | CN¥858.5m | CN¥298.0m | CN¥941.1m | CN¥1.15bn | CN¥966.7m | CN¥1.22bn |
| Shareholders' equity | CN¥1.60bn | CN¥1.59bn | CN¥1.14bn | CN¥1.15bn | CN¥1.13bn | CN¥1.11bn | CN¥1.11bn | CN¥1.17bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -1.8% | -4.4% | 5.7% | 7.5% | 29.6% | 24.4% |
| Net margin | -1.5% | -12.6% | 4.3% | 7.1% | 27.1% | 20.5% |
| Return on equity | -0.8% | -5.6% | 1.9% | 3.0% | 10.1% | 5.3% |
| Return on assets | -0.3% | -2.4% | 1.0% | 1.9% | 8.4% | 4.8% |
| Free cash flow yield | 9.3% | 9.3% | 10.4% | 9.5% | 9.3% | 4.9% |
| Revenue growth | 26.7% | -3.0% | 11.2% | 15.7% | 54.7% | 9.0% |
| Earnings growth | -85.1% | -383.7% | -32.2% | -69.7% | 103.7% | -14.6% |
| Current ratio | 1.15x | 1.71x | 0.87x | 1.51x | 2.42x | 7.10x |
| Debt to equity | 0.75x | 0.87x | 0.38x | 0.24x | 0.07x | 0.06x |
| Equity ratio | 43.2% | 42.7% | 54.2% | 63.7% | 83.4% | 89.4% |
| Interest coverage | -0.25x | -0.63x | 1.53x | 3.54x | 61.03x | 16.78x |
| R&D as a share of sales | 13.1% | 15.9% | 14.9% | 14.9% | 12.5% | 9.8% |
| Buybacks as a share of market value | -9.9% | 11.7% | -0.7% | -1.1% | -20.1% | -17.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.0% | 19.6% | 26.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.9% | 1.0% | 7.2% | 10.3% |
| Net margin | -6.4% | -0.8% | 5.2% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -614.0 | -60.3 | 215.3 | 122.2 | 56.1 | 97.7 |
| Price to sales | 9.1 | 7.6 | 9.3 | 8.7 | 15.2 | 20.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 May 2024.
| FY2024 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.253 | 0.253 |
- 1.45-for-1 split · 15 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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