22.72
-2.11%
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¥340.4m
FY2016FY2025
Net income
−CN¥39.7m
FY2016FY2025
Free cash flow
−CN¥34.1m
FY2016FY2025
Shareholders' equity
CN¥2.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥340.4m | CN¥349.6m | CN¥403.2m | CN¥5.53bn | CN¥2.84bn | CN¥1.74bn | CN¥288.8m | CN¥230.7m | CN¥187.3m | CN¥129.1m |
| Research and development | CN¥78.7m | CN¥101.2m | CN¥135.5m | CN¥185.8m | CN¥106.6m | CN¥72.1m | CN¥38.6m | CN¥26.4m | CN¥21.7m | CN¥14.6m |
| Operating income | −CN¥31.6m | CN¥8.8m | −CN¥365.1m | CN¥2.15bn | CN¥1.39bn | CN¥963.0m | CN¥95.0m | CN¥73.3m | CN¥50.6m | CN¥8.4m |
| Net income | −CN¥39.7m | −CN¥2.0m | −CN¥373.8m | CN¥1.83bn | CN¥1.19bn | CN¥819.6m | CN¥83.8m | CN¥63.8m | CN¥42.7m | CN¥8.4m |
| Diluted earnings per share | -0.39 | -0.02 | -4.33 | 21.06 | 13.78 | 9.43 | 1.16 | 0.98 | 0.42 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.55bn | CN¥3.74bn | CN¥3.91bn | CN¥4.89bn | CN¥3.50bn | CN¥2.28bn | CN¥1.15bn | CN¥395.6m | CN¥310.6m | CN¥286.0m |
| Cash and short-term investments | — | CN¥1.95bn | CN¥2.46bn | CN¥2.81bn | CN¥1.91bn | CN¥1.44bn | CN¥829.4m | CN¥212.1m | CN¥21.7m | CN¥12.4m |
| Total liabilities | CN¥625.7m | CN¥489.3m | CN¥501.3m | CN¥1.11bn | CN¥962.9m | CN¥613.2m | CN¥133.6m | CN¥71.5m | CN¥50.4m | CN¥34.1m |
| Debt | CN¥48.7m | CN¥234.9m | CN¥165.6m | CN¥103.8m | CN¥164.2m | CN¥50.0m | CN¥177,436 | CN¥65,800 | CN¥151,300 | CN¥186,400 |
| Shareholders' equity | CN¥2.93bn | CN¥3.25bn | CN¥3.41bn | CN¥3.78bn | CN¥2.54bn | CN¥1.66bn | CN¥1.02bn | CN¥324.1m | CN¥260.3m | CN¥251.9m |
| Shares outstanding | 102m | 133m | 86m | 87m | 87m | 87m | 72m | 65m | 102m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥30.3m | CN¥145.9m | −CN¥113.1m | CN¥1.96bn | CN¥985.5m | CN¥935.9m | CN¥106.7m | CN¥85.8m | CN¥61.6m | CN¥22.1m |
| Capital spending | −CN¥64.5m | −CN¥62.9m | −CN¥111.3m | −CN¥350.7m | −CN¥303.6m | −CN¥134.6m | −CN¥105.8m | −CN¥98.7m | −CN¥29.3m | −CN¥22.4m |
| Free cash flow | −CN¥34.1m | CN¥83.1m | −CN¥224.5m | CN¥1.61bn | CN¥681.9m | CN¥801.3m | CN¥944,270 | −CN¥12.9m | CN¥32.3m | −CN¥279,278 |
| Dividends paid | −CN¥293.1m | −CN¥7.1m | −CN¥6.0m | −CN¥586.2m | −CN¥322.4m | −CN¥175.9m | −CN¥175.9m | −CN¥175.9m | −CN¥34.3m | −CN¥3.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥68.8m | CN¥78.6m | CN¥82.9m | CN¥81.9m | CN¥84.0m | CN¥91.6m | CN¥81.5m | CN¥90.6m |
| Operating income | −CN¥13.6m | −CN¥5.9m | −CN¥37.8m | CN¥34,373 | −CN¥7.1m | CN¥14.0m | −CN¥24.2m | CN¥197,702 |
| Net income | −CN¥1.6m | CN¥21.1m | −CN¥42.9m | −CN¥840,955 | −CN¥8.8m | CN¥12.8m | −CN¥29.1m | −CN¥2.1m |
| Diluted earnings per share | -0.02 | 0.21 | -0.42 | -0.01 | -0.09 | 0.13 | -0.22 | -0.02 |
| Cash from operations | — | — | — | CN¥19.0m | −CN¥4.0m | CN¥4.0m | CN¥49.0m | CN¥22.0m |
| Capital spending | −CN¥15.0m | −CN¥34.0m | −CN¥9.0m | −CN¥20.0m | −CN¥29.0m | −CN¥5.0m | −CN¥2.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥1.0m | −CN¥33.0m | −CN¥1.0m | CN¥47.0m | CN¥16.0m |
| Total assets | CN¥3.72bn | CN¥3.66bn | CN¥3.55bn | CN¥3.65bn | CN¥3.88bn | CN¥3.87bn | CN¥3.74bn | CN¥3.86bn |
| Cash and short-term investments | — | — | — | CN¥1.65bn | CN¥1.97bn | CN¥1.96bn | CN¥1.95bn | CN¥2.07bn |
| Debt | CN¥81.1m | CN¥70.9m | CN¥48.7m | CN¥418.6m | CN¥398.8m | CN¥366.2m | CN¥227.7m | CN¥312.1m |
| Shareholders' equity | CN¥2.94bn | CN¥2.95bn | CN¥2.93bn | CN¥2.97bn | CN¥3.25bn | CN¥3.26bn | CN¥3.25bn | CN¥3.29bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -9.3% | 3.4% | -91.4% | 38.7% | 49.2% | 55.3% |
| Net margin | -11.7% | -0.6% | -92.7% | 33.0% | 42.0% | 47.1% |
| Return on equity | -1.4% | -0.1% | -11.0% | 48.4% | 47.0% | 49.2% |
| Return on assets | -1.1% | -0.1% | -9.6% | 37.4% | 34.1% | 36.0% |
| Free cash flow yield | 3.7% | 6.3% | -0.1% | 106.1% | 59.2% | 49.0% |
| Revenue growth | -2.6% | -13.3% | -92.7% | 95.0% | 63.2% | 502.4% |
| Earnings growth | 1883.8% | -99.5% | -120.5% | 53.2% | 45.6% | 878.5% |
| Current ratio | 3.62x | 5.82x | 7.45x | 3.98x | 2.97x | 3.41x |
| Debt to equity | 0.02x | 0.07x | 0.05x | 0.02x | 0.06x | 0.05x |
| Equity ratio | 82.4% | 86.9% | 87.2% | 77.2% | 72.5% | 73.1% |
| Interest coverage | -3.71x | 1.54x | -52.07x | 367.97x | 330.38x | 4058.35x |
| R&D as a share of sales | 23.1% | 29.0% | 33.6% | 3.4% | 3.8% | 4.1% |
| Buybacks as a share of market value | 23.4% | -53.7% | 0.5% | -0.2% | 0.3% | -19.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -60.9% | -28.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -118.4 | -1989.0 | -5.8 | 1.9 | 4.6 | 9.3 | 22.9 |
| Price to sales | 14.2 | 11.7 | 5.4 | 0.6 | 1.9 | 4.4 | 6.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 11 Sept 2025.
| FY2025 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 2.297 | 4.565 | 2.511 | 1.37 |
- 1.48-for-1 split · 13 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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