C 
22.43
+0.36%
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¥531.9m
FY2017FY2025
Net income
−CN¥240.8m
FY2017FY2025
Free cash flow
−CN¥132.6m
FY2017FY2025
Shareholders' equity
CN¥2.06bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥531.9m | CN¥574.2m | CN¥449.4m | CN¥497.4m | CN¥407.4m | CN¥259.5m | CN¥231.6m | CN¥194.8m | CN¥130.9m |
| Research and development | CN¥336.3m | CN¥323.0m | CN¥283.4m | CN¥152.2m | CN¥89.5m | CN¥83.9m | CN¥12.1m | CN¥71.6m | CN¥47.8m |
| Operating income | −CN¥311.7m | −CN¥264.4m | −CN¥238.4m | CN¥52.5m | CN¥73.4m | CN¥44.5m | CN¥33.6m | −CN¥401,064 | −CN¥14.0m |
| Net income | −CN¥240.8m | −CN¥180.6m | −CN¥168.8m | CN¥75.0m | CN¥70.2m | CN¥45.7m | CN¥31.1m | CN¥3.2m | −CN¥6.4m |
| Diluted earnings per share | -0.71 | -0.59 | -0.50 | 0.21 | 0.29 | 0.14 | 0.09 | 0.01 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.25bn | CN¥3.20bn | CN¥2.98bn | CN¥3.05bn | CN¥2.98bn | CN¥573.8m | CN¥497.8m | CN¥455.7m | CN¥323.7m |
| Cash and short-term investments | CN¥842.7m | CN¥828.5m | CN¥1.12bn | CN¥1.91bn | CN¥2.38bn | CN¥91.6m | CN¥58.0m | CN¥53.9m | CN¥47.8m |
| Total liabilities | −CN¥2.06bn | CN¥1.01bn | CN¥539.3m | CN¥227.6m | CN¥173.6m | CN¥102.3m | CN¥70.7m | CN¥59.7m | CN¥36.3m |
| Debt | — | CN¥94.7m | CN¥59.6m | CN¥15.9m | CN¥32.8m | CN¥25.0m | CN¥20.0m | — | — |
| Shareholders' equity | CN¥2.06bn | CN¥2.19bn | CN¥2.44bn | CN¥2.82bn | CN¥2.80bn | CN¥471.5m | CN¥427.1m | CN¥396.0m | CN¥287.4m |
| Shares outstanding | 340m | 308m | 339m | 363m | 240m | 337m | 340m | 340m | 340m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥16.8m | −CN¥76.4m | −CN¥285.9m | −CN¥253.9m | CN¥83.9m | CN¥79.1m | CN¥16.8m | −CN¥48.0m | −CN¥52.4m |
| Capital spending | −CN¥115.8m | −CN¥198.2m | −CN¥268.1m | −CN¥116.5m | −CN¥62.6m | −CN¥42.1m | −CN¥26.1m | −CN¥46.6m | −CN¥34.1m |
| Free cash flow | −CN¥132.6m | −CN¥274.7m | −CN¥554.0m | −CN¥370.4m | CN¥21.3m | CN¥37.0m | −CN¥9.3m | −CN¥94.6m | −CN¥86.5m |
| Dividends paid | −CN¥345,000 | −CN¥2.6m | −CN¥59.3m | −CN¥60.0m | −CN¥971,072 | −CN¥1.0m | −CN¥396,011 | −CN¥351,409 | −CN¥168,786 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥156.6m | CN¥156.7m | CN¥273.2m | CN¥88.1m | CN¥83.3m | CN¥87.3m | CN¥104.6m | CN¥208.2m |
| Operating income | −CN¥62.4m | −CN¥73.5m | −CN¥142.3m | −CN¥41.9m | −CN¥76.2m | −CN¥50.7m | −CN¥83.0m | −CN¥65.5m |
| Net income | −CN¥33.2m | −CN¥48.7m | −CN¥113.5m | −CN¥40.9m | −CN¥51.7m | −CN¥34.8m | −CN¥53.3m | −CN¥44.7m |
| Diluted earnings per share | -0.10 | -0.14 | -0.33 | -0.12 | -0.15 | -0.10 | -0.17 | -0.15 |
| Cash from operations | — | — | — | CN¥97.0m | CN¥73.0m | −CN¥19.0m | — | CN¥62.0m |
| Capital spending | −CN¥5.0m | −CN¥36.0m | — | −CN¥37.0m | −CN¥40.0m | −CN¥48.0m | −CN¥33.0m | −CN¥45.0m |
| Free cash flow | — | — | — | CN¥60.0m | CN¥33.0m | −CN¥67.0m | — | CN¥17.0m |
| Total assets | CN¥3.41bn | CN¥3.15bn | CN¥3.25bn | CN¥3.25bn | CN¥3.31bn | CN¥3.39bn | CN¥3.20bn | CN¥3.18bn |
| Cash and short-term investments | — | — | CN¥842.7m | CN¥842.7m | CN¥753.6m | CN¥804.5m | CN¥828.5m | CN¥1.00bn |
| Debt | — | — | — | CN¥100.2m | CN¥50.0m | CN¥135.0m | CN¥85.0m | CN¥155.4m |
| Shareholders' equity | CN¥1.92bn | CN¥1.93bn | CN¥2.06bn | CN¥2.06bn | CN¥2.10bn | CN¥2.16bn | CN¥2.19bn | CN¥2.25bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -58.6% | -46.0% | -53.0% | 10.5% | 18.0% | 17.2% | — |
| Net margin | -45.3% | -31.5% | -37.6% | 15.1% | 17.2% | 17.6% | — |
| Return on equity | -11.7% | -8.2% | -6.9% | 2.7% | 2.5% | 9.7% | — |
| Return on assets | -7.4% | -5.6% | -5.7% | 2.5% | 2.4% | 8.0% | — |
| Free cash flow yield | 1.1% | 1.5% | -0.2% | -1.4% | 2.3% | 1.3% | — |
| Revenue growth | -7.4% | 27.8% | -9.6% | 22.1% | 57.0% | 12.1% | — |
| Earnings growth | 33.3% | 7.0% | -325.1% | 6.8% | 53.5% | 46.9% | — |
| Current ratio | 1.78x | 2.35x | 4.49x | 13.29x | 18.59x | 4.73x | — |
| Debt to equity | — | 0.04x | -0.12x | 0.00x | 0.01x | 0.05x | 0.05x |
| Equity ratio | 63.4% | 68.6% | 81.9% | 92.5% | 94.2% | 82.2% | — |
| Interest coverage | -249.75x | -59.05x | -90.50x | 60.62x | 68.34x | 40.24x | — |
| R&D as a share of sales | 63.2% | 56.3% | 63.1% | 30.6% | 22.0% | 32.3% | — |
| Buybacks as a share of market value | -10.2% | 9.1% | 6.7% | -51.5% | 28.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.3% | 15.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -42.8 | -47.3 | -59.0 | 144.4 |
| Price to sales | 19.4 | 14.9 | 22.1 | 21.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.252 | 0.178 |
- 1.403-for-1 split · 29 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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