N 
11.75
-0.17%
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¥1.08bn
FY2016FY2025
Net income
−CN¥144.5m
FY2016FY2025
Free cash flow
CN¥138.1m
FY2016FY2025
Shareholders' equity
CN¥1.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.08bn | CN¥1.34bn | CN¥1.25bn | CN¥1.15bn | CN¥1.30bn | CN¥1.05bn | CN¥910.3m | CN¥691.0m | CN¥467.5m | CN¥380.4m |
| Research and development | CN¥55.1m | CN¥61.8m | CN¥68.7m | CN¥52.0m | CN¥78.5m | CN¥52.8m | CN¥38.1m | CN¥27.4m | CN¥22.5m | CN¥11.1m |
| Operating income | −CN¥130.5m | −CN¥11.7m | CN¥87.6m | CN¥121.3m | CN¥195.8m | CN¥188.0m | CN¥152.7m | CN¥94.0m | CN¥24.7m | CN¥12.8m |
| Net income | −CN¥144.5m | −CN¥29.4m | CN¥95.4m | CN¥113.4m | CN¥186.8m | CN¥177.0m | CN¥143.1m | CN¥88.9m | CN¥25.3m | CN¥26.7m |
| Diluted earnings per share | -0.41 | -0.08 | 0.37 | 0.41 | 0.64 | 0.63 | 0.56 | 0.43 | 0.12 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.19bn | CN¥3.38bn | CN¥3.34bn | CN¥2.70bn | CN¥2.49bn | CN¥2.18bn | CN¥2.06bn | CN¥1.32bn | CN¥1.15bn | CN¥1.01bn |
| Cash and short-term investments | — | CN¥286.0m | CN¥387.3m | CN¥426.5m | CN¥718.8m | CN¥730.0m | CN¥828.2m | CN¥147.3m | CN¥52.0m | CN¥26.7m |
| Total liabilities | CN¥1.24bn | CN¥1.30bn | CN¥1.16bn | CN¥628.8m | CN¥498.6m | CN¥432.1m | CN¥443.4m | CN¥705.3m | CN¥625.9m | CN¥819.1m |
| Debt | CN¥396.2m | CN¥510.3m | CN¥504.3m | CN¥176.3m | CN¥50.0m | CN¥20.0m | CN¥107.5m | CN¥382.5m | CN¥370.3m | CN¥569.5m |
| Shareholders' equity | CN¥1.95bn | CN¥2.09bn | CN¥2.18bn | CN¥2.07bn | CN¥1.99bn | CN¥1.75bn | CN¥1.61bn | CN¥612.2m | CN¥523.1m | CN¥189.6m |
| Shares outstanding | 355m | 384m | 259m | 278m | 290m | 279m | 257m | 207m | 218m | 151m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥256.4m | CN¥182.2m | CN¥99.2m | CN¥87.2m | CN¥211.0m | CN¥265.9m | CN¥130.7m | CN¥107.9m | CN¥14.9m | CN¥63.8m |
| Capital spending | −CN¥118.3m | −CN¥298.3m | −CN¥510.8m | −CN¥456.1m | −CN¥227.2m | −CN¥214.0m | −CN¥29.6m | −CN¥8.3m | −CN¥64.3m | −CN¥149.0m |
| Free cash flow | CN¥138.1m | −CN¥116.0m | −CN¥411.6m | −CN¥368.8m | −CN¥16.2m | CN¥51.8m | CN¥101.1m | CN¥99.5m | −CN¥49.4m | −CN¥85.2m |
| Dividends paid | −CN¥17.4m | −CN¥35.4m | −CN¥29.6m | −CN¥28.3m | −CN¥28.3m | −CN¥45.2m | −CN¥18.2m | −CN¥20.9m | −CN¥25.1m | −CN¥35.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥207.8m | CN¥239.4m | CN¥270.3m | CN¥283.6m | CN¥258.5m | CN¥266.8m | CN¥333.0m | CN¥356.4m |
| Operating income | CN¥10.1m | CN¥22.5m | −CN¥137.6m | CN¥4.4m | −CN¥17.1m | CN¥19.9m | −CN¥40.6m | CN¥4.2m |
| Net income | −CN¥1.2m | CN¥11.1m | −CN¥139.2m | CN¥3.2m | −CN¥22.7m | CN¥14.2m | −CN¥48.0m | CN¥1.5m |
| Diluted earnings per share | -0.00 | 0.03 | -0.39 | 0.01 | -0.06 | 0.04 | -0.12 | 0.00 |
| Cash from operations | — | — | — | CN¥58.0m | CN¥112.0m | CN¥23.0m | CN¥55.0m | CN¥72.0m |
| Capital spending | −CN¥9.0m | −CN¥31.0m | −CN¥21.0m | −CN¥22.0m | −CN¥30.0m | −CN¥44.0m | −CN¥83.0m | −CN¥36.0m |
| Free cash flow | — | — | — | CN¥36.0m | CN¥82.0m | −CN¥21.0m | −CN¥28.0m | CN¥36.0m |
| Total assets | CN¥3.20bn | CN¥3.22bn | CN¥3.19bn | CN¥3.37bn | CN¥3.37bn | CN¥3.33bn | CN¥3.38bn | CN¥3.54bn |
| Cash and short-term investments | — | — | — | CN¥297.4m | CN¥396.3m | CN¥261.0m | CN¥286.0m | CN¥386.3m |
| Debt | CN¥375.8m | CN¥390.5m | CN¥396.2m | CN¥330.3m | CN¥544.2m | CN¥522.9m | CN¥510.3m | CN¥596.5m |
| Shareholders' equity | CN¥1.96bn | CN¥1.96bn | CN¥1.95bn | CN¥2.08bn | CN¥2.08bn | CN¥2.10bn | CN¥2.09bn | CN¥2.14bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -12.7% | 0.7% | 9.6% | 11.8% | 15.6% | 19.9% |
| Net margin | -13.4% | -2.2% | 7.6% | 9.8% | 14.4% | 16.9% |
| Return on equity | -7.4% | -1.4% | 4.4% | 5.5% | 9.4% | 10.1% |
| Return on assets | -4.5% | -0.9% | 2.9% | 4.2% | 7.5% | 8.1% |
| Free cash flow yield | 9.1% | 10.9% | 20.4% | 17.0% | 13.1% | 14.9% |
| Revenue growth | -19.2% | 6.6% | 8.7% | -11.1% | 24.1% | 14.8% |
| Earnings growth | 390.9% | -130.8% | -15.9% | -39.3% | 5.5% | 23.7% |
| Current ratio | 1.70x | 1.79x | 2.40x | 2.97x | 3.34x | 3.50x |
| Debt to equity | 0.20x | 0.24x | 0.19x | 0.07x | -0.01x | 0.01x |
| Equity ratio | 61.1% | 61.7% | 65.4% | 76.7% | 79.9% | 80.2% |
| Interest coverage | -8.70x | 0.56x | 22.66x | 74.94x | 240.86x | 53.40x |
| R&D as a share of sales | 5.1% | 4.6% | 5.5% | 4.5% | 6.1% | 5.0% |
| Buybacks as a share of market value | 7.4% | -48.3% | 6.7% | 4.3% | -4.0% | -8.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.2% | 0.6% | 15.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.9% | 1.4% | 6.3% | 7.5% |
| Net margin | -7.2% | 0.7% | 5.6% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -41.5 | -191.7 | 37.9 | 40.0 | 50.8 | 39.4 | 31.1 |
| Price to sales | 5.6 | 4.2 | 2.9 | 3.9 | 7.3 | 6.7 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 | 0.10 | 0.16 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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