B 
285.00
+2.30%
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¥36.84bn
FY2016FY2025
Net income
CN¥1.98bn
FY2016FY2025
Free cash flow
CN¥6.49bn
FY2016FY2025
Shareholders' equity
CN¥29.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥36.84bn | CN¥25.57bn | CN¥16.50bn | CN¥9.50bn | CN¥7.89bn | CN¥308.9m | CN¥2.87bn | CN¥1.33bn | CN¥1.60bn | CN¥7.2m |
| Gross profit | CN¥31.42bn | CN¥21.58bn | CN¥13.95bn | CN¥7.58bn | CN¥6.79bn | −CN¥1.06bn | −CN¥3.83bn | −CN¥3.42bn | −CN¥238.9m | −CN¥650.6m |
| Research and development | CN¥14.30bn | CN¥13.11bn | CN¥11.93bn | CN¥11.01bn | CN¥9.79bn | CN¥1.29bn | CN¥6.22bn | CN¥4.56bn | CN¥1.80bn | CN¥657.8m |
| Operating income | CN¥3.08bn | −CN¥3.81bn | −CN¥8.10bn | −CN¥12.01bn | −CN¥9.65bn | −CN¥1.66bn | −CN¥6.44bn | −CN¥4.74bn | −CN¥660.6m | −CN¥785.4m |
| Net income | CN¥1.98bn | −CN¥4.33bn | −CN¥5.92bn | −CN¥13.44bn | −CN¥9.78bn | −CN¥1.62bn | −CN¥6.36bn | −CN¥4.52bn | −CN¥624.7m | −CN¥799.9m |
| Diluted earnings per share | 1.32 | -40.71 | -56.84 | -129.57 | -102.93 | -17.89 | -104.88 | -76.13 | -13.76 | -22.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥55.18bn | CN¥39.73bn | CN¥38.95bn | CN¥42.80bn | CN¥58.01bn | CN¥5.60bn | CN¥10.82bn | CN¥15.09bn | CN¥7.02bn | CN¥2.72bn |
| Cash and short-term investments | CN¥30.76bn | CN¥17.63bn | CN¥21.30bn | CN¥30.43bn | CN¥44.45bn | CN¥4.66bn | CN¥6.61bn | CN¥12.14bn | CN¥5.62bn | CN¥2.47bn |
| Total liabilities | CN¥25.76bn | CN¥17.37bn | CN¥15.22bn | CN¥13.39bn | CN¥16.12bn | CN¥1.73bn | CN¥4.25bn | CN¥3.33bn | CN¥2.43bn | CN¥2.72bn |
| Debt | — | CN¥7.81bn | CN¥6.60bn | CN¥4.15bn | CN¥4.34bn | CN¥3.59bn | CN¥836.5m | CN¥340.4m | — | — |
| Shareholders' equity | CN¥29.23bn | CN¥22.36bn | CN¥23.73bn | CN¥29.41bn | CN¥41.89bn | CN¥3.87bn | CN¥6.56bn | CN¥11.77bn | CN¥4.59bn | CN¥2.37bn |
| Shares outstanding | 1,500m | 106m | 104m | 104m | 95m | 91m | 61m | 59m | 45m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.77bn | −CN¥943.6m | −CN¥7.77bn | −CN¥10.04bn | −CN¥8.71bn | −CN¥1.28bn | −CN¥5.03bn | −CN¥3.67bn | CN¥85.6m | −CN¥600.6m |
| Capital spending | −CN¥1.28bn | −CN¥3.55bn | −CN¥4.00bn | −CN¥3.15bn | −CN¥2.11bn | −CN¥229.0m | −CN¥1.06bn | −CN¥945.0m | −CN¥394.0m | −CN¥157.7m |
| Free cash flow | CN¥6.49bn | −CN¥4.49bn | −CN¥11.77bn | −CN¥13.19bn | −CN¥10.83bn | −CN¥1.51bn | −CN¥6.10bn | −CN¥4.62bn | −CN¥308.5m | −CN¥758.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥11.44bn | CN¥10.15bn | CN¥10.19bn | CN¥9.48bn | CN¥8.83bn | CN¥7.50bn | CN¥7.97bn | CN¥7.02bn |
| Gross profit | CN¥10.27bn | CN¥9.03bn | CN¥9.01bn | CN¥8.16bn | CN¥7.72bn | CN¥6.39bn | CN¥6.81bn | CN¥5.85bn |
| Operating income | CN¥2.18bn | CN¥1.68bn | CN¥1.26bn | CN¥1.09bn | CN¥589.7m | CN¥74.5m | −CN¥677.1m | −CN¥789.6m |
| Net income | CN¥1.59bn | CN¥1.53bn | CN¥452.3m | CN¥837.6m | CN¥632.8m | CN¥8.5m | −CN¥937.3m | −CN¥1.03bn |
| Diluted earnings per share | 1.06 | 1.02 | 0.30 | 0.56 | 0.42 | 0.01 | -8.82 | -9.72 |
| Cash from operations | CN¥3.10bn | CN¥1.35bn | CN¥2.85bn | CN¥2.70bn | CN¥1.77bn | CN¥295.0m | CN¥504.0m | CN¥1.26bn |
| Capital spending | −CN¥322.0m | −CN¥273.0m | −CN¥254.0m | −CN¥322.0m | −CN¥428.0m | −CN¥781.0m | −CN¥620.0m | −CN¥896.0m |
| Free cash flow | CN¥2.78bn | CN¥1.08bn | CN¥2.60bn | CN¥2.38bn | CN¥1.34bn | −CN¥486.0m | −CN¥116.0m | CN¥367.0m |
| Total assets | CN¥61.56bn | CN¥57.39bn | CN¥55.18bn | CN¥51.21bn | CN¥42.26bn | CN¥39.19bn | CN¥39.73bn | CN¥39.12bn |
| Cash and short-term investments | — | — | CN¥30.76bn | CN¥27.09bn | CN¥18.49bn | CN¥16.88bn | CN¥17.63bn | CN¥18.13bn |
| Debt | CN¥5.92bn | CN¥6.46bn | CN¥6.98bn | CN¥6.50bn | CN¥6.52bn | CN¥6.32bn | CN¥6.95bn | CN¥7.17bn |
| Shareholders' equity | CN¥34.72bn | CN¥31.94bn | CN¥29.23bn | CN¥27.71bn | CN¥25.30bn | CN¥23.48bn | CN¥22.36bn | CN¥23.05bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.1% | 160.2% | 90.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.9% | 84.3% | 83.1% | 70.1% |
| Operating margin | -1.2% | -23.6% | -33.3% | -44.1% |
| Net margin | -3.8% | -24.6% | -34.3% | -44.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 203.6 | -4.0 | -2.5 | -1.0 | -1.4 |
| Price to sales | 10.9 | 0.7 | 0.9 | 1.4 | 1.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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