C 
16.02
-0.99%
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¥591.8m
FY2017FY2025
Net income
−CN¥272.1m
FY2017FY2025
Free cash flow
−CN¥175.3m
FY2017FY2025
Shareholders' equity
CN¥3.85bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥591.8m | CN¥1.23bn | CN¥1.82bn | CN¥1.07bn | CN¥1.20bn | CN¥1.44bn | CN¥975.7m | CN¥1.02bn | CN¥690.6m |
| Research and development | CN¥177.1m | CN¥188.4m | CN¥198.1m | CN¥133.5m | CN¥156.8m | CN¥93.4m | CN¥65.2m | CN¥61.8m | CN¥41.0m |
| Operating income | −CN¥362.6m | CN¥257.9m | CN¥559.3m | CN¥186.9m | CN¥261.9m | CN¥485.5m | CN¥267.9m | CN¥149.4m | CN¥114.1m |
| Net income | −CN¥272.1m | CN¥232.1m | CN¥501.0m | CN¥181.5m | CN¥243.6m | CN¥418.2m | CN¥221.0m | CN¥128.1m | CN¥93.5m |
| Diluted earnings per share | -0.68 | 0.56 | 1.21 | 0.45 | 0.60 | 1.12 | 0.62 | 0.32 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.07bn | CN¥5.20bn | CN¥5.05bn | CN¥4.28bn | CN¥4.17bn | CN¥2.47bn | CN¥1.58bn | CN¥1.41bn | CN¥1.14bn |
| Cash and short-term investments | — | CN¥344.9m | CN¥442.2m | CN¥866.5m | CN¥1.16bn | CN¥309.6m | CN¥272.8m | CN¥210.3m | CN¥128.9m |
| Total liabilities | CN¥1.22bn | CN¥987.1m | CN¥1.03bn | CN¥724.0m | CN¥757.1m | CN¥687.6m | CN¥570.3m | CN¥610.7m | CN¥542.4m |
| Debt | CN¥63.6m | CN¥102.8m | CN¥20.5m | — | — | — | CN¥165.0m | CN¥165.0m | — |
| Shareholders' equity | CN¥3.85bn | CN¥4.22bn | CN¥4.02bn | CN¥3.56bn | CN¥3.42bn | CN¥1.78bn | CN¥1.01bn | CN¥799.6m | CN¥600.5m |
| Shares outstanding | 400m | 415m | 415m | 404m | 406m | 375m | 356m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥231.2m | CN¥406.5m | CN¥255.2m | CN¥39.8m | CN¥140.3m | CN¥209.2m | CN¥232.8m | CN¥269.8m | CN¥177.1m |
| Capital spending | −CN¥406.5m | −CN¥542.4m | −CN¥470.7m | −CN¥290.7m | −CN¥632.9m | −CN¥335.7m | −CN¥128.4m | −CN¥181.2m | −CN¥92.4m |
| Free cash flow | −CN¥175.3m | −CN¥135.9m | −CN¥215.5m | −CN¥250.9m | −CN¥492.6m | −CN¥126.6m | CN¥104.4m | CN¥88.6m | CN¥84.6m |
| Dividends paid | −CN¥75.0m | −CN¥64.4m | −CN¥62.6m | −CN¥41.3m | −CN¥328,773 | −CN¥4.0m | −CN¥8.3m | −CN¥18.5m | −CN¥2.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥157.2m | CN¥147.4m | CN¥117.4m | CN¥189.5m | CN¥122.6m | CN¥162.3m | CN¥203.1m | CN¥407.6m |
| Operating income | −CN¥39.6m | −CN¥356,403 | −CN¥135.8m | −CN¥118.8m | −CN¥99.5m | −CN¥8.5m | −CN¥25.8m | CN¥125.1m |
| Net income | −CN¥48.6m | −CN¥3.5m | −CN¥113.8m | −CN¥84.7m | −CN¥74.6m | CN¥1.1m | −CN¥12.3m | CN¥106.8m |
| Diluted earnings per share | -0.12 | -0.01 | -0.28 | -0.21 | -0.19 | 0.00 | -0.03 | 0.26 |
| Cash from operations | — | — | — | −CN¥22.0m | CN¥78.0m | −CN¥68.0m | — | — |
| Capital spending | −CN¥57.0m | −CN¥76.0m | −CN¥169.0m | −CN¥96.0m | −CN¥66.0m | −CN¥73.0m | −CN¥149.0m | −CN¥179.0m |
| Free cash flow | — | — | — | −CN¥118.0m | CN¥12.0m | −CN¥141.0m | — | — |
| Total assets | CN¥5.13bn | CN¥5.13bn | CN¥5.07bn | CN¥5.21bn | CN¥5.26bn | CN¥5.35bn | CN¥5.20bn | CN¥5.31bn |
| Cash and short-term investments | — | — | — | CN¥157.4m | CN¥246.8m | CN¥224.1m | CN¥344.9m | CN¥277.9m |
| Debt | CN¥53.0m | CN¥78.7m | CN¥63.6m | CN¥225.7m | CN¥263.4m | CN¥175.2m | CN¥102.8m | CN¥62.6m |
| Shareholders' equity | CN¥3.79bn | CN¥3.85bn | CN¥3.85bn | CN¥3.96bn | CN¥4.07bn | CN¥4.22bn | CN¥4.22bn | CN¥4.20bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -58.0% | 20.9% | 30.9% | 18.5% | 21.8% | 34.1% | — | — |
| Net margin | -46.0% | 18.9% | 27.5% | 16.9% | 20.3% | 29.0% | — | — |
| Return on equity | -7.1% | 5.5% | 12.5% | 5.1% | 7.1% | 23.5% | — | — |
| Return on assets | -5.4% | 4.5% | 9.9% | 4.2% | 5.8% | 16.9% | — | — |
| Free cash flow yield | 9.0% | 12.8% | 9.8% | 4.6% | 10.7% | 8.2% | — | — |
| Revenue growth | -51.8% | -32.6% | 70.3% | -10.9% | -16.6% | 47.7% | — | — |
| Earnings growth | -217.2% | -53.7% | 176.0% | -25.5% | -41.8% | 89.2% | — | — |
| Current ratio | 1.29x | 2.14x | 2.21x | 2.87x | 2.93x | 1.80x | — | — |
| Debt to equity | 0.02x | 0.02x | 0.01x | — | — | — | 0.16x | 0.21x |
| Equity ratio | 76.0% | 81.0% | 79.7% | 83.1% | 81.9% | 72.1% | — | — |
| Interest coverage | -87.91x | 151.72x | 650.38x | 1352.20x | 529.52x | 116.32x | — | — |
| R&D as a share of sales | 29.9% | 15.3% | 10.9% | 12.5% | 13.0% | 6.5% | — | — |
| Buybacks as a share of market value | 3.8% | -0.2% | -2.5% | 0.4% | -8.3% | -5.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.0% | -16.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -27.7 | 44.9 | 45.4 | 153.9 | 114.4 |
| Price to sales | 12.7 | 8.5 | 12.4 | 26.1 | 23.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 18 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.169 | 0.15 | 0.15 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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