J 
11.94
+1.44%
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¥720.7m
FY2016FY2025
Net income
−CN¥19.7m
FY2016FY2025
Free cash flow
−CN¥30.3m
FY2016FY2025
Shareholders' equity
CN¥964.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥720.7m | CN¥417.8m | CN¥411.4m | CN¥244.2m | CN¥255.7m | CN¥289.1m | CN¥345.2m | CN¥276.9m | CN¥136.3m | CN¥257.8m |
| Gross profit | CN¥720.7m | CN¥193.3m | CN¥166.4m | CN¥72.0m | CN¥74.4m | CN¥143.8m | CN¥146.2m | CN¥109.0m | CN¥39.8m | CN¥121.8m |
| Research and development | CN¥87.4m | CN¥103.3m | CN¥63.2m | CN¥63.9m | CN¥47.7m | CN¥26.3m | CN¥27.9m | CN¥37.8m | CN¥37.7m | CN¥18.9m |
| Operating income | CN¥47.7m | −CN¥153.0m | −CN¥81.7m | −CN¥141.1m | −CN¥43.8m | CN¥49.6m | CN¥39.5m | CN¥8.2m | −CN¥44.7m | CN¥17.8m |
| Net income | −CN¥19.7m | −CN¥141.2m | −CN¥76.1m | −CN¥124.1m | −CN¥30.0m | CN¥39.8m | CN¥33.6m | CN¥8.6m | −CN¥38.0m | CN¥14.2m |
| Diluted earnings per share | -0.04 | -0.37 | -0.16 | -0.33 | -0.04 | 0.08 | 0.11 | 0.02 | -0.07 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.91bn | CN¥1.87bn | CN¥1.75bn | CN¥1.66bn | CN¥1.43bn | CN¥1.45bn | CN¥781.0m | CN¥708.9m | CN¥659.2m | CN¥443.6m |
| Cash and short-term investments | — | CN¥441.5m | CN¥441.1m | CN¥486.5m | CN¥606.0m | CN¥781.0m | CN¥129.7m | CN¥81.4m | CN¥158.5m | CN¥32.3m |
| Total liabilities | CN¥839.4m | CN¥802.5m | CN¥621.0m | CN¥456.2m | CN¥124.8m | CN¥87.0m | CN¥224.7m | CN¥186.2m | CN¥145.1m | CN¥143.2m |
| Debt | CN¥71.7m | CN¥314.8m | CN¥412.3m | CN¥208.8m | CN¥5.6m | CN¥15.7m | CN¥132.2m | CN¥101.0m | CN¥60.0m | CN¥40.0m |
| Shareholders' equity | CN¥964.7m | CN¥980.9m | CN¥1.13bn | CN¥1.20bn | CN¥1.31bn | CN¥1.36bn | CN¥556.2m | CN¥522.7m | CN¥514.1m | CN¥300.4m |
| Shares outstanding | 553m | 377m | 473m | 371m | 717m | 481m | 301m | 553m | 553m | 553m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.6m | −CN¥37.5m | −CN¥166.2m | −CN¥92.6m | −CN¥12.4m | CN¥56.2m | CN¥56.2m | −CN¥33.5m | −CN¥67.2m | CN¥31.3m |
| Capital spending | −CN¥47.9m | −CN¥44.6m | −CN¥71.2m | −CN¥140.3m | −CN¥94.8m | −CN¥42.4m | −CN¥33.5m | −CN¥89.5m | −CN¥85.8m | −CN¥71.0m |
| Free cash flow | −CN¥30.3m | −CN¥82.1m | −CN¥237.4m | −CN¥232.9m | −CN¥107.2m | CN¥13.7m | CN¥22.7m | −CN¥123.0m | −CN¥153.0m | −CN¥39.7m |
| Dividends paid | −CN¥20.9m | −CN¥15.9m | −CN¥11.7m | −CN¥3.5m | −CN¥20.2m | −CN¥3.1m | −CN¥5.6m | −CN¥3.2m | −CN¥1.1m | −CN¥12.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥187.8m | CN¥178.0m | CN¥168.3m | CN¥189.9m | CN¥164.6m | CN¥197.9m | CN¥118.9m | CN¥117.8m |
| Gross profit | CN¥119.4m | CN¥120.2m | CN¥357.6m | CN¥128.2m | CN¥112.1m | CN¥122.7m | CN¥35.4m | CN¥75.4m |
| Operating income | CN¥31.8m | CN¥20.5m | CN¥19.3m | −CN¥3.6m | CN¥276,664 | CN¥31.8m | −CN¥87.5m | −CN¥18.5m |
| Net income | CN¥15.3m | CN¥7.6m | −CN¥12.9m | −CN¥16.0m | −CN¥6.4m | CN¥15.6m | −CN¥80.3m | −CN¥15.5m |
| Diluted earnings per share | 0.03 | 0.01 | -0.02 | -0.03 | -0.01 | 0.03 | -0.21 | -0.04 |
| Cash from operations | — | — | — | CN¥3.0m | −CN¥15.0m | CN¥39.0m | — | CN¥78.0m |
| Capital spending | −CN¥18.0m | −CN¥7.0m | −CN¥29.0m | −CN¥1.0m | −CN¥6.0m | −CN¥10.0m | −CN¥3.0m | −CN¥15.0m |
| Free cash flow | — | — | — | CN¥2.0m | −CN¥21.0m | CN¥29.0m | — | CN¥63.0m |
| Total assets | CN¥1.98bn | CN¥2.06bn | CN¥1.91bn | CN¥1.84bn | CN¥1.92bn | CN¥1.90bn | CN¥1.87bn | CN¥1.93bn |
| Cash and short-term investments | — | — | — | CN¥421.2m | CN¥472.9m | CN¥452.9m | CN¥441.5m | CN¥472.4m |
| Debt | CN¥325.2m | CN¥231.2m | CN¥71.7m | CN¥427.8m | CN¥416.9m | CN¥363.5m | CN¥311.0m | CN¥305.0m |
| Shareholders' equity | CN¥914.8m | CN¥974.5m | CN¥964.7m | CN¥978.0m | CN¥989.8m | CN¥996.4m | CN¥980.9m | CN¥1.07bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 46.3% | 40.4% | 29.5% | 29.1% | 49.8% | — |
| Operating margin | 3.4% | -36.0% | -19.5% | -56.7% | -16.4% | 17.4% | — |
| Net margin | -2.7% | -33.8% | -18.5% | -50.8% | -11.7% | 13.8% | — |
| Return on equity | -2.0% | -14.4% | -6.8% | -10.3% | -2.3% | 2.9% | — |
| Return on assets | -1.0% | -7.6% | -4.4% | -7.5% | -2.1% | 2.7% | — |
| Free cash flow yield | 0.8% | 0.1% | -1.3% | 0.8% | 0.7% | 1.3% | — |
| Revenue growth | 72.5% | 1.6% | 68.4% | -4.5% | -11.5% | -16.3% | — |
| Earnings growth | -86.0% | 85.6% | -38.7% | 313.8% | -175.4% | 18.2% | — |
| Current ratio | 1.32x | 1.38x | 1.77x | 2.42x | 8.94x | 13.79x | — |
| Debt to equity | 0.07x | 0.32x | 0.36x | 0.17x | — | 0.00x | 0.24x |
| Equity ratio | 50.4% | 52.5% | 64.4% | 72.4% | 91.3% | 94.0% | — |
| Interest coverage | 1.56x | -9.72x | -6.83x | -34.54x | -125.12x | 16.69x | — |
| R&D as a share of sales | 12.1% | 24.7% | 15.4% | 26.2% | 18.6% | 9.1% | — |
| Buybacks as a share of market value | -46.5% | 20.3% | -27.4% | 48.2% | -49.1% | -59.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 43.4% | 20.0% | — |
| Operating income | — | -0.7% | — |
| Net income | -45.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.3% | 64.2% | 58.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -457.3 | -21.0 | -77.8 | -31.5 | -372.5 | 300.1 |
| Price to sales | 12.5 | 7.1 | 14.4 | 16.0 | 43.7 | 41.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.048 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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