G 
24.55
+3.02%
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¥876.2m
FY2016FY2025
Net income
−CN¥62.5m
FY2016FY2025
Free cash flow
−CN¥74.4m
FY2016FY2025
Shareholders' equity
CN¥869.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥876.2m | CN¥951.7m | CN¥884.4m | CN¥532.5m | CN¥464.3m | CN¥499.9m | CN¥424.3m | CN¥478.8m | CN¥262.4m | CN¥184.0m |
| Research and development | CN¥167.8m | CN¥182.0m | CN¥176.1m | CN¥161.3m | CN¥122.4m | CN¥68.3m | CN¥67.5m | CN¥51.6m | CN¥35.6m | CN¥30.2m |
| Operating income | −CN¥60.9m | CN¥56.4m | −CN¥77.3m | −CN¥213.9m | −CN¥104.0m | CN¥50.2m | CN¥66.4m | CN¥69.4m | CN¥43.7m | CN¥29.8m |
| Net income | −CN¥62.5m | CN¥27.4m | −CN¥86.6m | −CN¥214.9m | −CN¥101.5m | CN¥43.1m | CN¥61.1m | CN¥60.2m | CN¥39.1m | CN¥31.6m |
| Diluted earnings per share | -0.33 | 0.14 | -0.45 | -1.12 | -0.52 | 0.22 | 0.42 | 0.31 | 0.20 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.90bn | CN¥1.95bn | CN¥1.86bn | CN¥1.62bn | CN¥1.60bn | CN¥1.50bn | CN¥747.6m | CN¥691.7m | CN¥521.9m | CN¥335.0m |
| Cash and short-term investments | — | CN¥318.7m | CN¥212.8m | CN¥215.6m | CN¥361.1m | CN¥600.7m | CN¥100.4m | CN¥190.0m | CN¥144.3m | CN¥116.3m |
| Total liabilities | CN¥843.2m | CN¥922.8m | CN¥974.0m | CN¥648.2m | CN¥434.8m | CN¥244.4m | CN¥245.9m | CN¥250.5m | CN¥228.9m | CN¥80.5m |
| Debt | — | CN¥329.4m | CN¥369.3m | CN¥289.4m | CN¥201.9m | CN¥50.1m | CN¥99.6m | CN¥128.5m | CN¥115.3m | CN¥25.4m |
| Shareholders' equity | CN¥869.3m | CN¥906.1m | CN¥826.3m | CN¥919.3m | CN¥1.14bn | CN¥1.26bn | CN¥501.1m | CN¥440.3m | CN¥292.2m | CN¥253.7m |
| Shares outstanding | 192m | 192m | 193m | 192m | 194m | 194m | 145m | 192m | 192m | 192m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥10.6m | CN¥111.8m | −CN¥9.9m | −CN¥65.0m | −CN¥230.1m | −CN¥86.7m | −CN¥59.2m | −CN¥38.8m | −CN¥45.1m | −CN¥15.2m |
| Capital spending | −CN¥63.8m | −CN¥51.6m | −CN¥54.4m | −CN¥72.0m | −CN¥69.3m | −CN¥14.3m | −CN¥30.7m | −CN¥4.8m | −CN¥8.3m | −CN¥2.0m |
| Free cash flow | −CN¥74.4m | CN¥60.2m | −CN¥64.3m | −CN¥137.0m | −CN¥299.4m | −CN¥101.0m | −CN¥89.8m | −CN¥43.7m | −CN¥53.4m | −CN¥17.2m |
| Dividends paid | −CN¥10.9m | −CN¥16.7m | −CN¥11.4m | −CN¥7.6m | −CN¥18.4m | −CN¥7.3m | −CN¥4.5m | −CN¥6.6m | −CN¥6.6m | −CN¥1.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥137.1m | CN¥116.5m | CN¥367.4m | CN¥158.6m | CN¥181.7m | CN¥168.5m | CN¥375.0m | CN¥200.9m |
| Operating income | −CN¥47.6m | −CN¥35.6m | −CN¥13.5m | CN¥4.7m | −CN¥52.6m | CN¥3.3m | CN¥20.5m | CN¥12.0m |
| Net income | −CN¥85.7m | −CN¥44.9m | −CN¥15.4m | CN¥409,015 | −CN¥49.6m | CN¥2.0m | CN¥10.8m | CN¥8.9m |
| Diluted earnings per share | -0.45 | -0.23 | -0.08 | 0.00 | -0.26 | 0.01 | 0.06 | 0.05 |
| Cash from operations | — | — | — | −CN¥41.0m | — | −CN¥44.0m | — | CN¥41.0m |
| Capital spending | −CN¥7.0m | −CN¥6.0m | −CN¥28.0m | −CN¥12.0m | −CN¥14.0m | −CN¥8.0m | −CN¥20.0m | −CN¥13.0m |
| Free cash flow | — | — | — | −CN¥53.0m | — | −CN¥52.0m | — | CN¥28.0m |
| Total assets | CN¥1.78bn | CN¥1.85bn | CN¥1.90bn | CN¥1.84bn | CN¥1.84bn | CN¥1.87bn | CN¥1.95bn | CN¥1.74bn |
| Cash and short-term investments | — | — | — | CN¥269.8m | CN¥324.0m | CN¥237.5m | CN¥318.7m | CN¥114.3m |
| Debt | CN¥12.0m | CN¥7.2m | — | CN¥294.7m | CN¥349.3m | CN¥237.1m | CN¥291.0m | CN¥263.7m |
| Shareholders' equity | CN¥731.4m | CN¥816.8m | CN¥869.3m | CN¥872.9m | CN¥873.0m | CN¥922.9m | CN¥906.1m | CN¥845.4m |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.9% | 6.0% | -8.6% | -40.2% | -22.4% | 10.0% | — |
| Net margin | -7.1% | 2.9% | -9.8% | -40.4% | -21.9% | 8.6% | — |
| Return on equity | -7.2% | 3.0% | -10.5% | -23.4% | -8.9% | 3.4% | — |
| Return on assets | -3.3% | 1.4% | -4.6% | -13.2% | -6.3% | 2.9% | — |
| Free cash flow yield | 1.0% | 3.1% | 0.8% | 0.1% | -3.0% | -1.4% | — |
| Revenue growth | -7.9% | 7.6% | 66.1% | 14.7% | -7.1% | 17.8% | — |
| Earnings growth | -327.9% | -131.7% | -59.7% | 111.6% | -335.5% | -29.4% | — |
| Current ratio | 1.93x | 1.84x | 1.67x | 2.21x | 3.67x | 5.84x | — |
| Debt to equity | — | 0.32x | 0.37x | 0.25x | 0.12x | 0.07x | 0.23x |
| Equity ratio | 45.9% | 46.5% | 44.3% | 56.7% | 71.5% | 83.6% | — |
| Interest coverage | -4.62x | 2.95x | -4.84x | -18.61x | -13.24x | 7.90x | — |
| R&D as a share of sales | 19.1% | 19.1% | 19.9% | 30.3% | 26.4% | 13.7% | — |
| Buybacks as a share of market value | -0.1% | 0.2% | -0.3% | 0.9% | 0.1% | -33.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.1% | 11.9% | 18.9% |
| Operating income | -34.2% | — | — |
| Net income | -33.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.2% | -9.1% | -8.3% | -2.2% |
| Net margin | -1.9% | -10.4% | -9.4% | -3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -133.8 | 204.3 | -42.0 | -10.4 | -29.0 | 117.3 |
| Price to sales | 9.6 | 5.9 | 4.1 | 4.2 | 6.3 | 10.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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