C 
75.33
+1.52%
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¥1.03bn
FY2016FY2025
Net income
CN¥27.2m
FY2016FY2025
Free cash flow
−CN¥152.8m
FY2016FY2025
Shareholders' equity
CN¥4.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.03bn | CN¥725.5m | CN¥295.9m | CN¥1.03bn | CN¥4.30bn | CN¥21.3m | CN¥2.0m | CN¥970,426 | CN¥7.9m | CN¥7.0m |
| Research and development | CN¥230.5m | CN¥356.7m | CN¥546.9m | CN¥778.3m | CN¥878.7m | CN¥367.3m | CN¥130.1m | CN¥97.4m | CN¥58.4m | CN¥44.3m |
| Operating income | −CN¥113.1m | −CN¥321.7m | −CN¥1.74bn | −CN¥1.37bn | CN¥1.94bn | −CN¥341.0m | −CN¥173.2m | −CN¥118.8m | −CN¥54.7m | −CN¥45.2m |
| Net income | CN¥27.2m | −CN¥324.8m | −CN¥1.27bn | −CN¥909.4m | CN¥1.91bn | −CN¥340.0m | −CN¥131.3m | −CN¥118.5m | −CN¥55.3m | −CN¥42.7m |
| Diluted earnings per share | 0.09 | -1.30 | -5.16 | -3.68 | 7.75 | -1.38 | -0.65 | -0.77 | -0.19 | -0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.18bn | CN¥7.96bn | CN¥9.32bn | CN¥11.47bn | CN¥11.87bn | CN¥5.78bn | CN¥1.53bn | CN¥682.3m | CN¥742.7m | CN¥279.6m |
| Cash and short-term investments | CN¥2.65bn | CN¥3.20bn | CN¥4.12bn | CN¥5.95bn | CN¥7.78bn | CN¥4.40bn | CN¥647.1m | CN¥169.2m | CN¥360.8m | CN¥125.6m |
| Total liabilities | CN¥2.05bn | CN¥3.05bn | CN¥4.03bn | CN¥4.22bn | CN¥3.33bn | CN¥580.6m | CN¥269.2m | CN¥251.7m | CN¥222.1m | CN¥95.8m |
| Debt | CN¥1.29bn | CN¥2.01bn | CN¥2.70bn | CN¥2.70bn | CN¥1.37bn | CN¥114.8m | CN¥591.6m | CN¥128.6m | CN¥92.9m | CN¥59.4m |
| Shareholders' equity | CN¥4.96bn | CN¥4.91bn | CN¥5.27bn | CN¥6.75bn | CN¥8.00bn | CN¥5.20bn | CN¥1.26bn | CN¥430.6m | CN¥520.6m | CN¥183.9m |
| Shares outstanding | 292m | 249m | 246m | 247m | 247m | 246m | 203m | 153m | 292m | 292m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥32.5m | −CN¥144.7m | −CN¥908.2m | −CN¥1.89bn | CN¥2.01bn | −CN¥402.4m | −CN¥145.9m | −CN¥106.0m | −CN¥48.3m | −CN¥29.5m |
| Capital spending | −CN¥185.3m | −CN¥392.3m | −CN¥610.5m | −CN¥1.08bn | −CN¥1.20bn | −CN¥232.1m | −CN¥100.3m | −CN¥137.7m | −CN¥159.4m | −CN¥108.1m |
| Free cash flow | −CN¥152.8m | −CN¥537.0m | −CN¥1.52bn | −CN¥2.96bn | CN¥811.4m | −CN¥634.5m | −CN¥246.2m | −CN¥243.7m | −CN¥207.6m | −CN¥137.6m |
| Dividends paid | — | −CN¥54.7m | −CN¥3.6m | −CN¥193.9m | −CN¥14.1m | −CN¥5.7m | −CN¥7.5m | −CN¥6.5m | −CN¥4.0m | −CN¥288,303 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥358.0m | CN¥188.6m | CN¥369.8m | CN¥310.1m | CN¥245.2m | CN¥137.2m | CN¥239.4m | CN¥263.6m |
| Operating income | CN¥11.7m | −CN¥41.8m | −CN¥27.1m | CN¥443,708 | −CN¥2.7m | −CN¥16.5m | −CN¥130.6m | CN¥5.9m |
| Net income | CN¥39.5m | −CN¥40.1m | CN¥13.2m | CN¥27.9m | −CN¥1.9m | −CN¥11.5m | −CN¥134.1m | CN¥3.0m |
| Diluted earnings per share | 0.14 | -0.14 | 0.05 | 0.10 | -0.01 | -0.04 | -0.54 | 0.01 |
| Cash from operations | −CN¥5.0m | −CN¥57.0m | CN¥73.0m | CN¥30.0m | CN¥25.0m | −CN¥13.0m | CN¥102.0m | −CN¥73.0m |
| Capital spending | −CN¥26.0m | −CN¥30.0m | −CN¥64.0m | −CN¥46.0m | −CN¥67.0m | −CN¥67.0m | −CN¥112.0m | −CN¥62.0m |
| Free cash flow | −CN¥31.0m | −CN¥87.0m | CN¥9.0m | −CN¥16.0m | −CN¥42.0m | −CN¥80.0m | −CN¥10.0m | −CN¥135.0m |
| Total assets | CN¥6.83bn | CN¥6.97bn | CN¥7.18bn | CN¥7.30bn | CN¥7.71bn | CN¥7.82bn | CN¥6.82bn | CN¥7.99bn |
| Cash and short-term investments | CN¥1.84bn | CN¥2.07bn | CN¥2.64bn | CN¥2.47bn | CN¥3.24bn | CN¥3.09bn | CN¥2.74bn | CN¥3.28bn |
| Debt | CN¥70.5m | CN¥208.4m | CN¥1.29bn | CN¥365.0m | CN¥1.89bn | CN¥857.6m | CN¥1.73bn | CN¥1.13bn |
| Shareholders' equity | CN¥4.98bn | CN¥4.91bn | CN¥4.96bn | CN¥4.93bn | CN¥4.90bn | CN¥4.90bn | CN¥4.34bn | CN¥5.06bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.2% | -44.3% | -542.3% | -114.1% | 45.1% | -1598.3% |
| Net margin | 2.6% | -44.8% | -415.2% | -87.9% | 44.5% | -1593.6% |
| Return on equity | 0.6% | -7.7% | -28.1% | -13.5% | 23.9% | -6.5% |
| Return on assets | 0.4% | -4.8% | -15.9% | -7.9% | 16.1% | -5.9% |
| Free cash flow yield | 1.1% | 1.1% | -1.2% | -3.2% | 12.7% | -0.8% |
| Revenue growth | 26.2% | 137.0% | -65.5% | -75.9% | 17174.8% | 59.4% |
| Earnings growth | -107.4% | -74.4% | 63.0% | -147.5% | -582.7% | 153.0% |
| Current ratio | 3.55x | 2.42x | 2.02x | 2.63x | 3.23x | 13.24x |
| Debt to equity | 0.19x | 0.41x | 0.48x | 0.37x | 0.14x | 0.02x |
| Equity ratio | 68.7% | 61.7% | 56.6% | 58.8% | 67.3% | 90.0% |
| Interest coverage | 0.60x | -6.24x | -30.19x | -28.23x | 95.05x | -15.01x |
| R&D as a share of sales | 29.3% | 49.2% | 178.7% | 75.2% | 20.4% | 1721.5% |
| Buybacks as a share of market value | -17.0% | -1.2% | 0.4% | -0.1% | -0.4% | -20.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.0% | 117.2% | — |
| Operating income | -56.4% | -19.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | — | -46.8 | -14.4 | -39.7 | 38.6 | -270.6 |
| Price to sales | 17.8 | 21.0 | 62.0 | 35.0 | 17.2 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Aug 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.80 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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