G 
15.10
-3.64%
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¥407.7m
FY2017FY2025
Net income
−CN¥252.8m
FY2017FY2025
Free cash flow
−CN¥178.7m
FY2017FY2025
Shareholders' equity
CN¥1.30bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥407.7m | CN¥591.9m | CN¥695.2m | CN¥716.9m | CN¥651.9m | CN¥531.8m | CN¥443.8m | CN¥256.3m | CN¥256.1m |
| Research and development | CN¥129.6m | CN¥144.5m | CN¥144.9m | CN¥158.8m | CN¥125.4m | CN¥92.3m | CN¥71.2m | CN¥64.4m | CN¥83.2m |
| Operating income | −CN¥288.2m | −CN¥219.4m | −CN¥4.7m | CN¥27.1m | CN¥26.6m | CN¥11.6m | CN¥8.9m | −CN¥83.3m | −CN¥67.2m |
| Net income | −CN¥252.8m | −CN¥256.1m | CN¥32.3m | CN¥68.0m | CN¥49.6m | CN¥21.3m | CN¥3.4m | −CN¥65.2m | −CN¥57.0m |
| Diluted earnings per share | -1.86 | -1.85 | 0.22 | 0.60 | 0.47 | 0.22 | 0.03 | -0.48 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.14bn | CN¥2.49bn | CN¥2.65bn | CN¥2.53bn | CN¥2.44bn | CN¥996.6m | CN¥757.9m | CN¥480.3m | CN¥519.0m |
| Cash and short-term investments | — | CN¥403.6m | CN¥612.5m | CN¥851.8m | CN¥1.27bn | CN¥190.7m | CN¥177.5m | CN¥102.9m | CN¥217.7m |
| Total liabilities | CN¥895.7m | CN¥967.1m | CN¥804.9m | CN¥683.4m | CN¥650.3m | CN¥475.3m | CN¥462.3m | CN¥227.9m | CN¥196.0m |
| Debt | CN¥42.2m | CN¥313.0m | CN¥195.3m | CN¥106.2m | CN¥171.5m | CN¥93.4m | CN¥20,000 | CN¥3.2m | — |
| Shareholders' equity | CN¥1.30bn | CN¥1.56bn | CN¥1.84bn | CN¥1.81bn | CN¥1.73bn | CN¥444.9m | CN¥292.6m | CN¥249.7m | CN¥313.0m |
| Shares outstanding | 136m | 138m | 145m | 113m | 105m | 96m | 136m | 136m | 136m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥101.1m | −CN¥67.6m | −CN¥143.1m | −CN¥259.2m | −CN¥197.5m | −CN¥60.2m | −CN¥164.0m | −CN¥124.0m | −CN¥45.3m |
| Capital spending | −CN¥77.5m | −CN¥135.8m | −CN¥65.5m | −CN¥69.9m | −CN¥16.5m | −CN¥12.4m | −CN¥4.8m | −CN¥5.2m | −CN¥6.7m |
| Free cash flow | −CN¥178.7m | −CN¥203.5m | −CN¥208.6m | −CN¥329.2m | −CN¥214.0m | −CN¥72.6m | −CN¥168.8m | −CN¥129.2m | −CN¥52.0m |
| Dividends paid | −CN¥9.3m | −CN¥8.1m | −CN¥1.8m | −CN¥587,808 | −CN¥5.1m | −CN¥1.3m | −CN¥663,240 | −CN¥1,305 | −CN¥1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥88.8m | CN¥84.8m | CN¥77.8m | CN¥111.2m | CN¥117.5m | CN¥101.2m | CN¥116.2m | CN¥175.3m |
| Operating income | −CN¥45.3m | −CN¥21.9m | −CN¥111.4m | −CN¥62.4m | −CN¥91.0m | −CN¥35.6m | −CN¥153.9m | −CN¥19.4m |
| Net income | −CN¥65.7m | −CN¥14.3m | −CN¥79.2m | −CN¥57.3m | −CN¥98.9m | −CN¥17.4m | −CN¥214.9m | −CN¥13.8m |
| Diluted earnings per share | -0.48 | -0.11 | -0.58 | -0.42 | -0.73 | -0.13 | -1.55 | -0.10 |
| Cash from operations | — | — | — | −CN¥7.0m | −CN¥73.0m | −CN¥94.0m | — | CN¥27.0m |
| Capital spending | −CN¥7.0m | −CN¥20.0m | −CN¥29.0m | −CN¥21.0m | −CN¥19.0m | −CN¥6.0m | −CN¥54.0m | −CN¥77.0m |
| Free cash flow | — | — | — | −CN¥28.0m | −CN¥92.0m | −CN¥100.0m | — | −CN¥50.0m |
| Total assets | CN¥2.00bn | CN¥2.05bn | CN¥2.14bn | CN¥2.22bn | CN¥2.28bn | CN¥2.42bn | CN¥2.49bn | CN¥2.66bn |
| Cash and short-term investments | — | — | — | CN¥124.6m | CN¥192.7m | CN¥294.8m | CN¥403.6m | CN¥328.6m |
| Debt | CN¥11.4m | CN¥42.1m | CN¥42.2m | CN¥255.8m | CN¥293.7m | CN¥292.8m | CN¥298.4m | CN¥275.9m |
| Shareholders' equity | CN¥1.22bn | CN¥1.29bn | CN¥1.30bn | CN¥1.38bn | CN¥1.44bn | CN¥1.54bn | CN¥1.56bn | CN¥1.79bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -73.1% | -37.1% | -0.3% | 4.1% | 5.0% | 2.4% |
| Net margin | -62.0% | -43.3% | 4.6% | 9.5% | 7.6% | 4.0% |
| Return on equity | -19.4% | -16.5% | 1.8% | 3.8% | 2.9% | 4.8% |
| Return on assets | -11.8% | -10.3% | 1.2% | 2.7% | 2.0% | 2.1% |
| Free cash flow yield | -1.1% | 3.0% | -3.3% | -10.4% | -10.6% | -3.1% |
| Revenue growth | -31.1% | -14.8% | -3.0% | 10.0% | 22.6% | 19.8% |
| Earnings growth | -1.3% | -893.3% | -52.5% | 37.1% | 133.3% | 521.5% |
| Current ratio | 1.93x | 2.14x | 2.78x | 3.48x | 3.60x | 2.02x |
| Debt to equity | 0.03x | 0.19x | 0.10x | 0.05x | 0.09x | 0.21x |
| Equity ratio | 60.8% | 62.5% | 69.3% | 71.7% | 71.0% | 44.6% |
| Interest coverage | -30.51x | -20.89x | -0.65x | 14.45x | 5.13x | 6.30x |
| R&D as a share of sales | 31.8% | 24.4% | 20.8% | 22.1% | 19.2% | 17.3% |
| Buybacks as a share of market value | 1.4% | 4.9% | -29.2% | -6.7% | -10.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.2% | -5.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -12.5 | -13.4 | 150.5 | 48.5 | 77.8 |
| Price to sales | 7.8 | 5.8 | 7.0 | 4.6 | 5.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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