S 
90.21
-0.65%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥812.7m
FY2016FY2025
Net income
−CN¥160.7m
FY2016FY2025
Free cash flow
−CN¥210.2m
FY2016FY2025
Shareholders' equity
CN¥1.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥812.7m | CN¥533.0m | CN¥386.4m | CN¥302.3m | CN¥190.4m | CN¥27.7m | — | CN¥1.3m | — | CN¥200,334 |
| Gross profit | CN¥812.7m | CN¥495.2m | CN¥355.0m | CN¥274.8m | CN¥183.3m | CN¥27.1m | −CN¥175,804 | CN¥82,582 | −CN¥237,774 | CN¥4,526 |
| Research and development | CN¥429.9m | CN¥388.0m | CN¥496.3m | CN¥497.7m | CN¥509.4m | CN¥314.2m | CN¥183.8m | CN¥142.8m | CN¥158.8m | CN¥61.1m |
| Operating income | −CN¥165.8m | −CN¥155.0m | −CN¥297.8m | −CN¥485.6m | −CN¥459.0m | −CN¥304.8m | −CN¥439.8m | −CN¥442.6m | −CN¥146.5m | −CN¥133.6m |
| Net income | −CN¥160.7m | −CN¥137.8m | −CN¥278.6m | −CN¥457.3m | −CN¥451.0m | −CN¥319.2m | −CN¥461.9m | −CN¥440.1m | −CN¥146.5m | −CN¥128.3m |
| Diluted earnings per share | -0.64 | -0.52 | -1.05 | -1.91 | -1.88 | -1.33 | -2.59 | -0.11 | -0.58 | -0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.97bn | CN¥3.00bn | CN¥2.89bn | CN¥1.67bn | CN¥1.75bn | CN¥1.97bn | CN¥320.3m | CN¥454.9m | CN¥147.6m | CN¥137.2m |
| Cash and short-term investments | — | CN¥2.19bn | CN¥2.25bn | CN¥1.05bn | CN¥1.20bn | CN¥1.60bn | CN¥72.9m | CN¥128.9m | CN¥9.9m | CN¥17.0m |
| Total liabilities | CN¥1.89bn | CN¥1.75bn | CN¥1.24bn | CN¥880.8m | CN¥492.9m | CN¥278.7m | CN¥246.5m | CN¥173.2m | CN¥74.6m | CN¥27.8m |
| Debt | CN¥84.0m | CN¥1.02bn | CN¥824.6m | CN¥547.8m | CN¥223.6m | CN¥47.7m | CN¥60.0m | CN¥4.5m | — | — |
| Shareholders' equity | CN¥1.08bn | CN¥1.25bn | CN¥1.63bn | CN¥759.1m | CN¥1.20bn | CN¥1.62bn | CN¥3.4m | CN¥226.3m | CN¥73.0m | CN¥109.4m |
| Shares outstanding | 253m | 266m | 264m | 240m | 240m | 240m | 178m | 4,042m | 253m | 253m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥28.8m | CN¥38.2m | −CN¥220.3m | −CN¥370.3m | −CN¥454.6m | −CN¥343.9m | −CN¥180.4m | −CN¥112.4m | −CN¥108.3m | −CN¥56.7m |
| Capital spending | −CN¥181.5m | −CN¥95.7m | −CN¥62.6m | −CN¥88.6m | −CN¥70.7m | −CN¥57.7m | −CN¥15.1m | −CN¥11.1m | −CN¥11.7m | −CN¥24.3m |
| Free cash flow | −CN¥210.2m | −CN¥57.5m | −CN¥282.9m | −CN¥459.0m | −CN¥525.4m | −CN¥401.5m | −CN¥195.5m | −CN¥123.5m | −CN¥119.9m | −CN¥81.0m |
| Dividends paid | −CN¥26.1m | −CN¥24.6m | −CN¥21.2m | −CN¥11.2m | −CN¥4.1m | −CN¥1.1m | −CN¥1.2m | −CN¥1.1m | −CN¥1.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥300.0m | CN¥905.4m | CN¥219.3m | CN¥217.8m | CN¥208.0m | CN¥167.6m | CN¥148.8m | CN¥143.4m |
| Gross profit | CN¥262.4m | CN¥878.4m | CN¥276.2m | CN¥203.2m | CN¥185.1m | CN¥148.2m | CN¥138.1m | CN¥134.3m |
| Operating income | CN¥7.5m | CN¥632.5m | −CN¥69.0m | −CN¥20.0m | −CN¥46.7m | −CN¥30.0m | −CN¥42.5m | −CN¥33.1m |
| Net income | CN¥7.4m | CN¥632.6m | −CN¥67.3m | −CN¥20.6m | −CN¥44.5m | −CN¥28.3m | −CN¥39.9m | −CN¥31.4m |
| Diluted earnings per share | 0.03 | 2.50 | -0.27 | -0.08 | -0.18 | -0.11 | -0.15 | -0.12 |
| Cash from operations | — | — | — | — | −CN¥10.0m | −CN¥6.0m | — | −CN¥45.0m |
| Capital spending | −CN¥15.0m | −CN¥33.0m | −CN¥48.0m | −CN¥52.0m | −CN¥45.0m | −CN¥33.0m | −CN¥30.0m | −CN¥14.0m |
| Free cash flow | — | — | — | — | −CN¥55.0m | −CN¥39.0m | — | −CN¥59.0m |
| Total assets | CN¥3.53bn | CN¥3.69bn | CN¥2.97bn | CN¥3.01bn | CN¥3.00bn | CN¥2.92bn | CN¥3.00bn | CN¥2.97bn |
| Cash and short-term investments | — | — | — | CN¥2.09bn | CN¥2.15bn | CN¥2.14bn | CN¥2.19bn | CN¥2.20bn |
| Debt | CN¥83.5m | CN¥84.0m | CN¥84.0m | CN¥1.01bn | CN¥1.10bn | CN¥941.3m | CN¥996.2m | CN¥882.2m |
| Shareholders' equity | CN¥1.72bn | CN¥1.71bn | CN¥1.08bn | CN¥1.15bn | CN¥1.18bn | CN¥1.23bn | CN¥1.25bn | CN¥1.30bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 92.9% | 91.9% | 90.9% | 96.3% | 98.0% |
| Operating margin | -20.4% | -29.1% | -77.1% | -160.6% | -241.1% | -1102.0% |
| Net margin | -19.8% | -25.9% | -72.1% | -151.3% | -236.9% | -1154.1% |
| Return on equity | -14.9% | -11.0% | -17.1% | -60.2% | -37.7% | -19.7% |
| Return on assets | -5.4% | -4.6% | -9.6% | -27.4% | -25.8% | -16.2% |
| Free cash flow yield | 0.6% | 0.5% | -0.5% | -1.1% | -1.5% | -1.1% |
| Revenue growth | 52.5% | 37.9% | 27.8% | 58.8% | 588.2% | — |
| Earnings growth | 16.6% | -50.5% | -39.1% | 1.4% | 41.3% | -30.9% |
| Current ratio | 1.71x | 1.88x | 2.22x | 1.77x | 3.69x | 11.85x |
| Debt to equity | 0.08x | 0.79x | 0.49x | 0.58x | 0.11x | 0.03x |
| Equity ratio | 36.4% | 41.7% | 56.6% | 45.5% | 68.5% | 82.1% |
| Interest coverage | -6.85x | -5.33x | -12.18x | -32.50x | -74.03x | -203.34x |
| R&D as a share of sales | 52.9% | 72.8% | 128.4% | 164.6% | 267.6% | 1135.9% |
| Buybacks as a share of market value | 5.0% | -0.7% | -10.3% | 0.0% | -0.0% | -34.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 39.0% | 96.6% | — |
| Operating income | -30.1% | -11.5% | — |
| Net income | -29.4% | -12.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 97.2% | 95.2% | 95.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -146.0 | -120.5 | -50.3 | -21.9 | -31.3 | -48.6 |
| Price to sales | 28.9 | 31.1 | 36.2 | 33.1 | 74.1 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.