R 
98.02
+2.96%
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¥3.25bn
FY2018FY2025
Net income
CN¥708.5m
FY2018FY2025
Free cash flow
−CN¥143.8m
FY2018FY2025
Shareholders' equity
CN¥2.32bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.25bn | CN¥1.72bn | CN¥1.08bn | CN¥772.1m | CN¥1.42bn | −CN¥485,700 | CN¥2.7m | CN¥11.3m |
| Research and development | CN¥1.22bn | CN¥1.56bn | CN¥1.60bn | CN¥982.1m | CN¥711.0m | CN¥465.8m | CN¥352.1m | CN¥216.4m |
| Operating income | CN¥721.4m | −CN¥1.46bn | −CN¥1.50bn | −CN¥995.2m | CN¥162.8m | −CN¥707.7m | −CN¥421.1m | −CN¥243.2m |
| Net income | CN¥708.5m | −CN¥1.47bn | −CN¥1.51bn | −CN¥998.8m | CN¥276.3m | −CN¥697.8m | −CN¥430.3m | −CN¥269.9m |
| Diluted earnings per share | 1.29 | -2.74 | -2.80 | -1.78 | 0.57 | -1.42 | -0.90 | -0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.25bn | CN¥5.50bn | CN¥5.53bn | CN¥6.02bn | CN¥4.16bn | CN¥4.12bn | CN¥689.3m | CN¥531.1m |
| Cash and short-term investments | CN¥2.42bn | CN¥759.5m | CN¥709.1m | CN¥2.07bn | CN¥1.76bn | CN¥2.77bn | CN¥37.5m | CN¥6.0m |
| Total liabilities | −CN¥2.32bn | CN¥3.51bn | CN¥2.09bn | CN¥1.04bn | CN¥712.8m | CN¥523.1m | CN¥921.3m | CN¥1.03bn |
| Debt | CN¥1.47bn | CN¥2.67bn | CN¥1.26bn | CN¥165.0m | CN¥102.8m | CN¥197.7m | CN¥653.4m | CN¥862.8m |
| Shareholders' equity | CN¥2.32bn | CN¥1.99bn | CN¥3.44bn | CN¥4.98bn | CN¥3.45bn | CN¥3.59bn | −CN¥232.0m | −CN¥498.2m |
| Shares outstanding | 547m | 536m | 540m | 561m | 485m | 490m | 478m | 547m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥56.2m | −CN¥1.18bn | −CN¥1.50bn | −CN¥1.26bn | CN¥263.6m | −CN¥660.1m | −CN¥282.7m | −CN¥128.0m |
| Capital spending | −CN¥200.0m | −CN¥264.6m | −CN¥852.8m | −CN¥757.5m | −CN¥617.3m | −CN¥480.8m | −CN¥65.2m | −CN¥83.7m |
| Free cash flow | −CN¥143.8m | −CN¥1.44bn | −CN¥2.35bn | −CN¥2.02bn | −CN¥353.7m | −CN¥1.14bn | −CN¥348.0m | −CN¥211.8m |
| Dividends paid | — | −CN¥69.8m | −CN¥15.4m | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.53bn | CN¥621.9m | CN¥572.0m | CN¥526.0m | CN¥508.0m | CN¥467.1m | CN¥411.3m | CN¥330.4m |
| Operating income | CN¥1.26bn | −CN¥96.1m | −CN¥191.4m | −CN¥249.7m | −CN¥399.8m | −CN¥284.3m | −CN¥426.6m | −CN¥344.9m |
| Net income | CN¥1.26bn | −CN¥101.1m | −CN¥195.4m | −CN¥254.1m | −CN¥396.9m | −CN¥291.0m | −CN¥431.5m | −CN¥348.9m |
| Diluted earnings per share | 2.30 | -0.18 | -0.36 | -0.46 | -0.74 | -0.54 | -0.80 | -0.65 |
| Cash from operations | −CN¥162.0m | CN¥463.0m | −CN¥57.0m | −CN¥188.0m | −CN¥277.0m | −CN¥14.0m | −CN¥393.0m | −CN¥426.0m |
| Capital spending | −CN¥24.0m | −CN¥54.0m | −CN¥84.0m | −CN¥35.0m | −CN¥85.0m | −CN¥38.0m | −CN¥52.0m | −CN¥89.0m |
| Free cash flow | −CN¥186.0m | CN¥409.0m | −CN¥141.0m | −CN¥223.0m | −CN¥362.0m | −CN¥52.0m | −CN¥445.0m | −CN¥515.0m |
| Total assets | CN¥7.25bn | CN¥5.98bn | CN¥5.85bn | CN¥5.31bn | CN¥5.50bn | CN¥5.71bn | CN¥5.75bn | CN¥5.48bn |
| Cash and short-term investments | CN¥2.42bn | CN¥1.18bn | CN¥1.28bn | CN¥721.7m | CN¥762.5m | CN¥925.1m | CN¥876.4m | CN¥622.8m |
| Debt | CN¥2.18bn | CN¥1.46bn | CN¥2.65bn | CN¥1.63bn | CN¥2.69bn | CN¥1.14bn | CN¥2.34bn | CN¥633.3m |
| Shareholders' equity | CN¥2.32bn | CN¥2.32bn | CN¥2.36bn | CN¥1.77bn | CN¥1.99bn | CN¥2.37bn | CN¥2.66bn | CN¥3.08bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 22.2% | -81.9% | -138.7% | -128.9% | 11.4% | 145701.3% |
| Net margin | 21.8% | -85.5% | -139.5% | -129.4% | 19.4% | 143673.3% |
| Return on equity | 30.5% | -73.9% | -44.0% | -20.1% | 8.0% | -19.4% |
| Return on assets | 9.8% | -26.7% | -27.3% | -16.6% | 6.6% | -16.9% |
| Free cash flow yield | 0.4% | -1.5% | -1.1% | -0.8% | 1.6% | -0.3% |
| Revenue growth | 89.4% | 58.5% | 40.3% | -45.8% | -293264.9% | -118.1% |
| Earnings growth | -148.3% | -2.8% | 51.3% | -461.6% | -139.6% | 62.2% |
| Current ratio | 1.43x | 1.05x | 1.96x | 3.60x | 3.73x | 6.90x |
| Debt to equity | 0.94x | 1.32x | 0.34x | 0.01x | 0.02x | 0.04x |
| Equity ratio | 32.0% | 36.1% | 62.2% | 82.7% | 82.9% | 87.3% |
| Interest coverage | 10.28x | -19.43x | -65.03x | -147.29x | 30.59x | -24.21x |
| R&D as a share of sales | 37.5% | 90.6% | 147.4% | 127.2% | 49.9% | -95907.1% |
| Buybacks as a share of market value | -2.1% | 0.7% | 3.7% | -15.6% | 0.9% | -2.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 61.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.8% | -47.4% | -45.8% | — |
| Net margin | -15.3% | -47.9% | -44.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 60.1 | -11.0 | -22.2 | -43.5 |
| Price to sales | 13.1 | 9.4 | 31.0 | 56.3 |
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.