C 
23.65
+0.42%
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¥525.1m
FY2016FY2025
Net income
−CN¥16.2m
FY2016FY2025
Free cash flow
CN¥189.6m
FY2016FY2025
Shareholders' equity
CN¥1.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥525.1m | CN¥139.4m | CN¥331.3m | CN¥478.9m | CN¥475.8m | CN¥423.2m | CN¥283.1m | CN¥202.5m | CN¥160.6m | CN¥145.8m |
| Gross profit | CN¥525.1m | CN¥11.0m | CN¥151.3m | CN¥233.2m | CN¥283.8m | CN¥269.7m | CN¥186.6m | CN¥131.4m | CN¥92.9m | CN¥84.1m |
| Research and development | CN¥85.1m | CN¥74.0m | CN¥84.9m | CN¥80.2m | CN¥62.5m | CN¥55.8m | CN¥28.2m | CN¥28.8m | CN¥19.0m | CN¥17.8m |
| Operating income | −CN¥34.6m | −CN¥326.2m | −CN¥62.7m | CN¥22.6m | CN¥154.8m | CN¥125.0m | CN¥79.3m | CN¥38.9m | CN¥11.3m | CN¥16.3m |
| Net income | −CN¥16.2m | −CN¥271.6m | −CN¥56.3m | CN¥26.2m | CN¥134.4m | CN¥107.1m | CN¥73.1m | CN¥32.3m | CN¥5.0m | CN¥15.9m |
| Diluted earnings per share | -0.12 | -1.69 | -1.47 | 0.17 | 0.84 | 0.66 | 0.62 | 0.24 | 0.04 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.46bn | CN¥2.29bn | CN¥2.77bn | CN¥2.63bn | CN¥2.51bn | CN¥2.14bn | CN¥872.0m | CN¥585.6m | CN¥472.2m | CN¥307.2m |
| Cash and short-term investments | — | CN¥333.4m | CN¥598.9m | CN¥576.1m | CN¥914.8m | CN¥1.04bn | CN¥149.8m | CN¥54.9m | CN¥101.7m | CN¥20.5m |
| Total liabilities | CN¥737.6m | CN¥613.9m | CN¥1.01bn | CN¥847.9m | CN¥693.1m | CN¥492.3m | CN¥351.3m | CN¥222.3m | CN¥133.1m | CN¥51.2m |
| Debt | CN¥141.7m | CN¥173.0m | CN¥374.9m | CN¥204.4m | CN¥209.2m | CN¥119.2m | CN¥102.6m | CN¥13.7m | CN¥30.5m | CN¥2.9m |
| Shareholders' equity | CN¥1.67bn | CN¥1.63bn | CN¥1.71bn | CN¥1.73bn | CN¥1.78bn | CN¥1.64bn | CN¥520.6m | CN¥363.3m | CN¥339.1m | CN¥255.9m |
| Shares outstanding | 137m | 161m | 38m | 154m | 160m | 162m | 118m | 137m | 137m | 137m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥205.9m | −CN¥302.4m | −CN¥85.5m | CN¥41.1m | CN¥78.2m | CN¥69.1m | CN¥26.9m | CN¥50.6m | CN¥47.6m | −CN¥50.4m |
| Capital spending | −CN¥16.3m | −CN¥49.4m | −CN¥137.3m | −CN¥310.1m | −CN¥194.0m | −CN¥131.7m | −CN¥93.8m | −CN¥68.2m | −CN¥68.5m | −CN¥50.7m |
| Free cash flow | CN¥189.6m | −CN¥351.9m | −CN¥222.8m | −CN¥269.0m | −CN¥115.8m | −CN¥62.6m | −CN¥67.0m | −CN¥17.6m | −CN¥20.9m | −CN¥101.2m |
| Dividends paid | −CN¥2.8m | −CN¥4.2m | −CN¥9.6m | −CN¥41.1m | −CN¥1.7m | −CN¥40.1m | −CN¥1.8m | −CN¥10.1m | −CN¥2.5m | −CN¥2.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥122.1m | CN¥11.9m | CN¥276.9m | CN¥128.5m | CN¥98.6m | CN¥21.1m | CN¥52.4m | CN¥7.0m |
| Gross profit | CN¥41.2m | CN¥3.1m | CN¥439.1m | CN¥42.6m | CN¥37.9m | CN¥5.5m | −CN¥28.5m | CN¥49,505 |
| Operating income | −CN¥10.1m | −CN¥39.8m | CN¥28.1m | −CN¥12.6m | −CN¥30.9m | −CN¥17.3m | −CN¥159.6m | −CN¥109.7m |
| Net income | −CN¥37.6m | −CN¥15.3m | CN¥31.4m | −CN¥10.4m | −CN¥22.1m | −CN¥15.0m | −CN¥144.0m | −CN¥84.6m |
| Diluted earnings per share | -0.27 | -0.11 | 0.23 | -0.08 | -0.16 | -0.11 | -0.90 | -0.53 |
| Cash from operations | — | — | — | −CN¥1.0m | CN¥178.0m | −CN¥16.0m | — | −CN¥72.0m |
| Capital spending | −CN¥3.0m | −CN¥15.0m | — | −CN¥1.0m | −CN¥2.0m | −CN¥11.0m | −CN¥1.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥2.0m | CN¥176.0m | −CN¥27.0m | — | −CN¥75.0m |
| Total assets | CN¥2.38bn | CN¥2.41bn | CN¥2.46bn | CN¥2.34bn | CN¥2.25bn | CN¥2.27bn | CN¥2.29bn | CN¥2.41bn |
| Cash and short-term investments | — | — | — | CN¥303.7m | CN¥305.5m | CN¥338.6m | CN¥333.4m | CN¥345.8m |
| Debt | CN¥16.8m | CN¥29.3m | CN¥141.7m | CN¥148.6m | CN¥155.5m | CN¥206.8m | CN¥172.9m | CN¥339.8m |
| Shareholders' equity | CN¥1.76bn | CN¥1.78bn | CN¥1.67bn | CN¥1.59bn | CN¥1.59bn | CN¥1.62bn | CN¥1.63bn | CN¥1.58bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 7.9% | 45.7% | 48.7% | 59.6% | 63.7% |
| Operating margin | -5.9% | -221.9% | -15.7% | 6.5% | 32.8% | 30.0% |
| Net margin | -3.1% | -194.9% | -17.0% | 5.5% | 28.3% | 25.3% |
| Return on equity | -1.0% | -16.7% | -3.3% | 1.5% | 7.6% | 6.5% |
| Return on assets | -0.7% | -11.9% | -2.0% | 1.0% | 5.3% | 5.0% |
| Free cash flow yield | 7.1% | -6.9% | 6.0% | 10.1% | 7.5% | 5.5% |
| Revenue growth | 276.8% | -57.9% | -30.8% | 0.7% | 12.4% | 49.5% |
| Earnings growth | -94.0% | 382.4% | -315.2% | -80.5% | 25.6% | 46.5% |
| Current ratio | 2.59x | 3.23x | 2.72x | 2.33x | 3.48x | 4.84x |
| Debt to equity | 0.08x | 0.11x | 0.22x | 0.10x | 0.10x | 0.07x |
| Equity ratio | 68.1% | 71.1% | 61.7% | 66.1% | 70.8% | 77.0% |
| Interest coverage | -4.23x | -20.06x | -5.17x | 3.69x | 139.65x | 79.15x |
| R&D as a share of sales | 16.2% | 53.1% | 25.6% | 16.8% | 13.1% | 13.2% |
| Buybacks as a share of market value | 14.5% | -320.2% | 75.1% | 3.7% | 1.1% | -37.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.1% | 4.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.7% | 62.4% | 62.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -387.3 | -19.6 | -34.6 | 341.1 | 64.0 | 129.3 |
| Price to sales | 11.9 | 38.2 | 5.9 | 18.6 | 18.1 | 32.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2022.
| FY2022 | FY2020 | |
|---|---|---|
| Paid in the year | 0.257 | 0.25 |
- 7-for-5 split · 25 Aug 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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