B 
56.51
-1.46%
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¥129.1m
FY2016FY2025
Net income
−CN¥94.1m
FY2016FY2025
Free cash flow
−CN¥57.4m
FY2016FY2025
Shareholders' equity
CN¥363.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥129.1m | CN¥140.6m | CN¥120.7m | CN¥116.4m | CN¥133.1m | CN¥138.8m | CN¥164.5m | CN¥153.2m | CN¥130.1m | CN¥104.3m |
| Gross profit | CN¥129.1m | CN¥96.5m | CN¥78.2m | CN¥78.3m | CN¥89.9m | CN¥108.0m | CN¥132.8m | CN¥127.0m | CN¥109.5m | CN¥85.1m |
| Research and development | CN¥67.9m | CN¥88.7m | CN¥88.6m | CN¥79.5m | CN¥69.5m | CN¥39.5m | CN¥31.1m | CN¥29.5m | CN¥22.8m | CN¥18.0m |
| Operating income | −CN¥85.1m | −CN¥115.8m | −CN¥106.6m | −CN¥104.1m | −CN¥92.4m | CN¥32.6m | CN¥68.7m | CN¥58.6m | CN¥54.6m | CN¥35.0m |
| Net income | −CN¥94.1m | −CN¥115.2m | −CN¥106.6m | −CN¥81.2m | −CN¥73.0m | CN¥31.1m | CN¥61.0m | CN¥52.3m | CN¥48.3m | CN¥30.8m |
| Diluted earnings per share | -2.15 | -2.65 | -2.42 | -1.87 | -1.62 | 2.15 | 1.80 | 1.19 | 1.10 | 0.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥437.2m | CN¥485.2m | CN¥607.0m | CN¥713.8m | CN¥819.3m | CN¥874.7m | CN¥236.2m | CN¥194.5m | CN¥134.8m | CN¥90.7m |
| Cash and short-term investments | — | CN¥331.9m | CN¥429.7m | CN¥530.5m | CN¥648.7m | CN¥747.1m | CN¥158.3m | CN¥128.4m | CN¥83.8m | CN¥49.1m |
| Total liabilities | CN¥73.5m | CN¥65.1m | CN¥54.5m | CN¥56.9m | CN¥47.2m | CN¥33.8m | CN¥32.3m | CN¥31.6m | CN¥24.3m | CN¥20.2m |
| Debt | — | CN¥920,373 | CN¥7.8m | CN¥9.8m | CN¥5.3m | CN¥2.7m | — | — | — | — |
| Shareholders' equity | CN¥363.8m | CN¥420.1m | CN¥552.5m | CN¥656.9m | CN¥772.0m | CN¥840.9m | CN¥203.9m | CN¥162.8m | CN¥110.5m | CN¥70.5m |
| Shares outstanding | 44m | 43m | 44m | 43m | 45m | 14m | 34m | 44m | 44m | 32m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥54.9m | −CN¥72.5m | −CN¥84.9m | −CN¥95.8m | −CN¥74.8m | CN¥27.2m | CN¥51.2m | CN¥45.0m | CN¥45.0m | CN¥12.8m |
| Capital spending | −CN¥2.5m | −CN¥313,701 | −CN¥3.9m | −CN¥11.7m | −CN¥14.5m | −CN¥8.2m | −CN¥4.8m | −CN¥1.6m | −CN¥1.9m | −CN¥3.3m |
| Free cash flow | −CN¥57.4m | −CN¥72.8m | −CN¥88.8m | −CN¥107.6m | −CN¥89.3m | CN¥18.9m | CN¥46.4m | CN¥43.4m | CN¥43.1m | CN¥9.6m |
| Dividends paid | — | — | — | — | −CN¥8.9m | −CN¥44.4m | −CN¥20.0m | — | −CN¥8.3m | −CN¥7.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.1m | CN¥32.2m | CN¥28.1m | CN¥30.8m | CN¥34.0m | CN¥36.2m | CN¥35.4m | CN¥38.4m |
| Gross profit | CN¥16.3m | CN¥23.6m | CN¥60.3m | CN¥21.3m | CN¥23.4m | CN¥24.1m | CN¥20.2m | CN¥28.7m |
| Operating income | −CN¥24.6m | −CN¥11.5m | −CN¥43.2m | −CN¥15.6m | −CN¥17.1m | −CN¥9.3m | −CN¥51.8m | −CN¥14.3m |
| Net income | −CN¥24.0m | −CN¥11.6m | −CN¥52.4m | −CN¥15.6m | −CN¥17.0m | −CN¥9.2m | −CN¥52.0m | −CN¥14.0m |
| Diluted earnings per share | -0.55 | -0.27 | -1.20 | -0.36 | -0.39 | -0.21 | -1.20 | -0.32 |
| Cash from operations | — | — | — | −CN¥16.0m | −CN¥7.0m | −CN¥27.0m | CN¥4.0m | −CN¥31.0m |
| Capital spending | — | — | — | −CN¥2.0m | — | — | — | — |
| Free cash flow | — | — | — | −CN¥18.0m | — | — | — | — |
| Total assets | CN¥394.2m | CN¥416.1m | CN¥437.2m | CN¥477.7m | CN¥463.9m | CN¥476.3m | CN¥485.2m | CN¥520.5m |
| Cash and short-term investments | — | — | — | CN¥307.5m | CN¥295.3m | CN¥303.3m | CN¥331.9m | CN¥328.2m |
| Debt | — | — | — | CN¥3.6m | — | — | — | CN¥3.1m |
| Shareholders' equity | CN¥341.6m | CN¥365.6m | CN¥363.8m | CN¥418.5m | CN¥393.9m | CN¥410.9m | CN¥420.1m | CN¥479.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 68.7% | 64.7% | 67.3% | 67.5% | 77.8% |
| Operating margin | -66.0% | -82.3% | -88.4% | -90.3% | -69.4% | 23.5% |
| Net margin | -72.9% | -81.9% | -88.3% | -69.8% | -54.8% | 22.4% |
| Return on equity | -25.9% | -27.4% | -19.3% | -12.4% | -9.4% | 3.7% |
| Return on assets | -21.5% | -23.7% | -17.6% | -11.4% | -8.9% | 3.6% |
| Free cash flow yield | -2.0% | -2.8% | -3.1% | -3.3% | -2.3% | 4.2% |
| Revenue growth | -8.1% | 16.4% | 3.7% | -12.6% | -4.1% | -15.6% |
| Earnings growth | -18.3% | 8.0% | 31.3% | 11.3% | -334.3% | -49.0% |
| Current ratio | 5.20x | 6.33x | 9.20x | 10.70x | 16.12x | 23.23x |
| Debt to equity | — | — | 0.01x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 83.2% | 86.6% | 91.0% | 92.0% | 94.2% | 96.1% |
| Interest coverage | -481.26x | -712.12x | -453.51x | -489.94x | -456.28x | 1655.40x |
| R&D as a share of sales | 52.6% | 63.1% | 73.4% | 68.3% | 52.2% | 28.5% |
| Buybacks as a share of market value | -0.9% | 1.3% | -1.3% | 3.4% | -210.9% | 57.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.5% | -1.4% | 6.8% |
| Operating income | -6.5% | — | — |
| Net income | 5.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 83.7% | 75.4% | 74.5% | 77.9% |
| Operating margin | -74.5% | -81.2% | -60.5% | -16.7% |
| Net margin | -77.6% | -78.4% | -56.4% | -16.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -29.2 | -15.8 | -19.8 | -18.2 | -33.9 | 49.1 |
| Price to sales | 21.3 | 12.9 | 17.5 | 12.7 | 18.6 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2021.
| FY2021 | FY2020 | |
|---|---|---|
| Paid in the year | 0.20 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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