R 
19.15
+3.96%
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¥386.7m
FY2017FY2025
Net income
−CN¥87.6m
FY2017FY2025
Free cash flow
CN¥40.9m
FY2017FY2025
Shareholders' equity
CN¥851.1m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥386.7m | CN¥339.1m | CN¥275.9m | CN¥301.7m | CN¥318.8m | CN¥350.2m | CN¥232.3m | CN¥220.1m | CN¥121.1m |
| Research and development | CN¥38.3m | CN¥33.7m | CN¥32.2m | CN¥27.0m | CN¥26.6m | CN¥23.1m | CN¥20.5m | CN¥21.2m | CN¥13.8m |
| Operating income | CN¥92.9m | −CN¥26.0m | −CN¥3.4m | CN¥51.8m | CN¥71.4m | CN¥74.7m | CN¥41.0m | CN¥40.2m | CN¥10.9m |
| Net income | −CN¥87.6m | −CN¥57.3m | −CN¥19.6m | CN¥38.9m | CN¥56.1m | CN¥58.5m | CN¥34.3m | CN¥36.6m | CN¥9.8m |
| Diluted earnings per share | -0.49 | -0.33 | -0.14 | 0.22 | 0.30 | 0.42 | 0.24 | 0.21 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.52bn | CN¥2.56bn | CN¥2.45bn | CN¥2.32bn | CN¥1.75bn | CN¥1.16bn | CN¥960.7m | CN¥922.1m | CN¥628.4m |
| Cash and short-term investments | — | CN¥152.2m | CN¥79.5m | CN¥270.7m | CN¥202.9m | CN¥60.5m | CN¥71.6m | CN¥145.1m | CN¥23.2m |
| Total liabilities | CN¥1.67bn | CN¥1.62bn | CN¥1.45bn | CN¥1.29bn | CN¥864.5m | CN¥553.2m | CN¥411.3m | CN¥406.3m | CN¥371.5m |
| Debt | CN¥855.4m | CN¥1.13bn | CN¥1.16bn | CN¥1.09bn | CN¥671.2m | CN¥369.9m | CN¥237.4m | CN¥234.5m | CN¥214.0m |
| Shareholders' equity | CN¥851.1m | CN¥943.1m | CN¥999.4m | CN¥1.03bn | CN¥882.0m | CN¥607.6m | CN¥550.1m | CN¥515.8m | CN¥256.9m |
| Shares outstanding | 178m | 175m | 137m | 176m | 185m | 138m | 142m | 178m | 178m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥122.4m | CN¥137.5m | CN¥61.1m | CN¥89.8m | CN¥78.4m | CN¥90.3m | CN¥82.4m | CN¥15.7m | CN¥10.4m |
| Capital spending | −CN¥81.5m | −CN¥111.1m | −CN¥221.2m | −CN¥497.8m | −CN¥419.9m | −CN¥216.7m | −CN¥148.1m | −CN¥126.3m | −CN¥146.3m |
| Free cash flow | CN¥40.9m | CN¥26.5m | −CN¥160.1m | −CN¥408.0m | −CN¥341.5m | −CN¥126.4m | −CN¥65.7m | −CN¥110.7m | −CN¥135.9m |
| Dividends paid | −CN¥34.7m | −CN¥35.0m | −CN¥47.5m | −CN¥12.6m | −CN¥22.1m | −CN¥11.6m | −CN¥10.4m | −CN¥11.5m | −CN¥9.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥133.7m | CN¥91.9m | CN¥104.1m | CN¥100.7m | CN¥102.7m | CN¥79.3m | CN¥99.9m | CN¥107.2m |
| Operating income | −CN¥168,287 | −CN¥4.3m | CN¥159.4m | −CN¥28.3m | −CN¥6.7m | −CN¥6.3m | −CN¥2.7m | −CN¥3.4m |
| Net income | −CN¥16.5m | −CN¥22.6m | −CN¥24.9m | −CN¥29.0m | −CN¥15.3m | −CN¥18.4m | −CN¥8.6m | −CN¥12.5m |
| Diluted earnings per share | -0.09 | -0.13 | -0.14 | -0.16 | -0.09 | -0.10 | -0.05 | -0.07 |
| Cash from operations | — | — | — | CN¥14.0m | CN¥59.0m | CN¥34.0m | CN¥96.0m | CN¥5.0m |
| Capital spending | −CN¥16.0m | −CN¥18.0m | −CN¥33.0m | −CN¥11.0m | −CN¥9.0m | −CN¥26.0m | −CN¥47.0m | −CN¥16.0m |
| Free cash flow | — | — | — | CN¥3.0m | CN¥50.0m | CN¥8.0m | CN¥49.0m | −CN¥11.0m |
| Total assets | CN¥2.64bn | CN¥2.59bn | CN¥2.52bn | CN¥2.55bn | CN¥2.63bn | CN¥2.57bn | CN¥2.56bn | CN¥2.49bn |
| Cash and short-term investments | — | — | — | CN¥154.3m | CN¥219.2m | CN¥141.3m | CN¥152.2m | CN¥95.4m |
| Debt | CN¥592.3m | CN¥1.00bn | CN¥855.4m | CN¥512.1m | CN¥1.10bn | CN¥1.05bn | CN¥1.13bn | CN¥1.24bn |
| Shareholders' equity | CN¥1.21bn | CN¥838.9m | CN¥851.1m | CN¥757.1m | CN¥909.4m | CN¥924.7m | CN¥943.1m | CN¥950.7m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -24.3% | -7.5% | -0.7% | 18.2% | 23.2% | 21.5% |
| Net margin | -22.7% | -16.9% | -7.1% | 12.9% | 17.6% | 16.7% |
| Return on equity | -10.3% | -6.1% | -2.0% | 3.8% | 6.4% | 9.6% |
| Return on assets | -3.5% | -2.2% | -0.8% | 1.7% | 3.2% | 5.0% |
| Free cash flow yield | 6.0% | 7.4% | 10.8% | 17.5% | 14.2% | 11.7% |
| Revenue growth | 14.1% | 22.9% | -8.5% | -5.4% | -9.0% | 50.7% |
| Earnings growth | 53.0% | 192.2% | -150.4% | -30.6% | -4.2% | 70.8% |
| Current ratio | 0.62x | 0.79x | 1.11x | 2.30x | 1.45x | 0.57x |
| Debt to equity | 1.01x | 1.20x | 1.16x | 1.06x | 0.76x | 0.61x |
| Equity ratio | 33.8% | 36.8% | 40.8% | 44.5% | 50.5% | 52.3% |
| Interest coverage | -1.73x | -0.66x | -0.10x | 3.77x | 6.16x | 8.04x |
| R&D as a share of sales | 9.9% | 9.9% | 11.7% | 9.0% | 8.3% | 6.6% |
| Buybacks as a share of market value | -1.4% | -27.5% | 22.1% | 4.5% | -33.6% | 2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.6% | 2.0% | — |
| Operating income | 21.5% | 4.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -45.6 | -37.6 | -150.5 | 107.8 | 126.9 |
| Price to sales | 10.3 | 6.3 | 10.7 | 13.9 | 22.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.07 | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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