B 
66.58
+4.60%
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¥492.2m
FY2017FY2025
Net income
−CN¥51.9m
FY2017FY2025
Free cash flow
−CN¥64.1m
FY2017FY2025
Shareholders' equity
CN¥1.27bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥492.2m | CN¥520.0m | CN¥546.3m | CN¥498.5m | CN¥471.0m | CN¥461.7m | CN¥401.9m | CN¥442.9m | CN¥252.0m |
| Research and development | CN¥50.7m | CN¥61.3m | CN¥62.5m | CN¥53.3m | CN¥45.7m | CN¥33.9m | CN¥39.5m | CN¥25.7m | CN¥31.5m |
| Operating income | −CN¥82.7m | −CN¥78.7m | −CN¥18.7m | CN¥46.3m | CN¥57.5m | CN¥58.0m | CN¥40.1m | CN¥24.7m | CN¥18.4m |
| Net income | −CN¥51.9m | −CN¥64.1m | −CN¥10.7m | CN¥47.1m | CN¥55.6m | CN¥48.0m | CN¥35.8m | CN¥23.1m | CN¥16.8m |
| Diluted earnings per share | -0.51 | -0.55 | -0.08 | 0.39 | 0.64 | 0.57 | 0.32 | 0.23 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.91bn | CN¥1.99bn | CN¥1.87bn | CN¥1.84bn | CN¥1.94bn | CN¥814.4m | CN¥739.6m | CN¥568.2m | CN¥423.2m |
| Cash and short-term investments | — | CN¥270.4m | CN¥522.6m | CN¥863.0m | CN¥1.17bn | CN¥121.0m | CN¥91.3m | CN¥139.1m | CN¥85.8m |
| Total liabilities | CN¥623.3m | CN¥677.7m | CN¥474.0m | CN¥392.1m | CN¥544.4m | CN¥384.5m | CN¥358.1m | CN¥395.2m | CN¥287.9m |
| Debt | CN¥50.4m | CN¥201.2m | CN¥47.3m | CN¥83.5m | CN¥168.7m | CN¥131.8m | CN¥69.4m | CN¥65.7m | CN¥28.3m |
| Shareholders' equity | CN¥1.27bn | CN¥1.33bn | CN¥1.42bn | CN¥1.44bn | CN¥1.41bn | CN¥435.0m | CN¥389.5m | CN¥179.9m | CN¥138.9m |
| Shares outstanding | 102m | 116m | 135m | 120m | 86m | 85m | 113m | 102m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥23.6m | −CN¥112.8m | −CN¥116.0m | CN¥18.6m | CN¥64.5m | CN¥47.8m | −CN¥6.2m | CN¥9.3m | CN¥15.8m |
| Capital spending | −CN¥87.7m | −CN¥96.4m | −CN¥81.2m | −CN¥83.3m | −CN¥30.4m | −CN¥41.7m | −CN¥162.9m | −CN¥61.4m | −CN¥31.1m |
| Free cash flow | −CN¥64.1m | −CN¥209.2m | −CN¥197.2m | −CN¥64.7m | CN¥34.1m | CN¥6.0m | −CN¥169.1m | −CN¥52.1m | −CN¥15.3m |
| Dividends paid | −CN¥6.2m | −CN¥4.5m | −CN¥16.6m | −CN¥20.2m | −CN¥5.2m | −CN¥10.7m | −CN¥9.9m | −CN¥5.1m | −CN¥4.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥117.9m | CN¥63.8m | CN¥269.4m | CN¥57.7m | CN¥78.0m | CN¥87.1m | CN¥322.5m | CN¥43.5m |
| Operating income | CN¥14.9m | −CN¥12.9m | −CN¥39.4m | −CN¥21.4m | −CN¥2.9m | −CN¥18.9m | −CN¥13.7m | −CN¥28.8m |
| Net income | CN¥19.7m | −CN¥15.3m | −CN¥19.1m | −CN¥17.0m | −CN¥250,558 | −CN¥15.6m | −CN¥17.4m | −CN¥21.6m |
| Diluted earnings per share | 0.19 | -0.15 | -0.19 | -0.17 | -0.00 | -0.15 | -0.15 | -0.19 |
| Cash from operations | — | — | — | −CN¥36.0m | −CN¥2.0m | −CN¥14.0m | — | −CN¥44.0m |
| Capital spending | −CN¥7.0m | −CN¥7.0m | −CN¥11.0m | −CN¥48.0m | −CN¥9.0m | −CN¥18.0m | −CN¥22.0m | −CN¥13.0m |
| Free cash flow | — | — | — | −CN¥84.0m | −CN¥11.0m | −CN¥32.0m | — | −CN¥57.0m |
| Total assets | CN¥2.26bn | CN¥1.88bn | CN¥1.91bn | CN¥1.97bn | CN¥2.01bn | CN¥2.00bn | CN¥1.99bn | CN¥1.88bn |
| Cash and short-term investments | — | — | — | CN¥103.0m | CN¥222.1m | CN¥210.0m | CN¥270.4m | CN¥222.7m |
| Debt | CN¥62.6m | CN¥71.0m | CN¥50.4m | CN¥154.8m | CN¥229.7m | CN¥197.0m | CN¥198.6m | CN¥177.2m |
| Shareholders' equity | CN¥1.27bn | CN¥1.25bn | CN¥1.27bn | CN¥1.29bn | CN¥1.31bn | CN¥1.31bn | CN¥1.33bn | CN¥1.35bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -16.8% | -14.1% | -2.9% | 10.5% | 14.2% | 14.9% |
| Net margin | -10.5% | -12.3% | -2.0% | 9.4% | 11.8% | 10.4% |
| Return on equity | -4.1% | -4.8% | -0.8% | 3.3% | 4.0% | 11.0% |
| Return on assets | -2.7% | -3.2% | -0.6% | 2.6% | 2.9% | 5.9% |
| Free cash flow yield | 1.6% | -0.2% | -0.4% | 1.3% | 1.7% | 1.6% |
| Revenue growth | -5.3% | -4.8% | 9.6% | 5.8% | 2.0% | 14.9% |
| Earnings growth | -19.0% | 499.7% | -122.7% | -15.3% | 15.8% | 34.3% |
| Current ratio | 2.14x | 2.01x | 3.09x | 4.15x | 3.44x | 1.93x |
| Debt to equity | 0.04x | 0.15x | 0.03x | 0.03x | 0.07x | 0.22x |
| Equity ratio | 66.5% | 66.8% | 75.5% | 78.1% | 72.4% | 53.4% |
| Interest coverage | -12.90x | -14.73x | -5.46x | 8.78x | 7.02x | 6.23x |
| R&D as a share of sales | 10.3% | 11.8% | 11.4% | 10.7% | 9.7% | 7.4% |
| Buybacks as a share of market value | 12.2% | 13.7% | -12.0% | -39.3% | -1.8% | 25.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | 1.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -127.8 | -46.9 | -240.4 | 50.1 | 49.8 |
| Price to sales | 13.5 | 5.8 | 4.7 | 4.7 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.125 | 0.148 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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