H 
33.58
+0.51%
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¥505.0m
FY2016FY2025
Net income
−CN¥41.5m
FY2016FY2025
Free cash flow
CN¥22.9m
FY2016FY2025
Shareholders' equity
CN¥731.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥505.0m | CN¥444.0m | CN¥539.4m | CN¥498.2m | CN¥451.7m | CN¥345.4m | CN¥376.7m | CN¥360.2m | CN¥316.6m | CN¥302.1m |
| Research and development | CN¥19.6m | CN¥32.1m | CN¥45.7m | CN¥38.6m | CN¥37.8m | CN¥33.1m | CN¥26.5m | CN¥15.9m | CN¥11.4m | CN¥24.3m |
| Operating income | −CN¥50.1m | −CN¥63.3m | −CN¥111.4m | −CN¥108.2m | −CN¥32.9m | CN¥38.2m | CN¥53.2m | CN¥75.8m | CN¥45.3m | CN¥47.1m |
| Net income | −CN¥41.5m | −CN¥53.4m | −CN¥169.8m | −CN¥86.7m | −CN¥29.3m | CN¥16.5m | CN¥42.6m | CN¥61.3m | CN¥28.2m | CN¥32.8m |
| Diluted earnings per share | -0.54 | -0.74 | -2.25 | -1.15 | -0.40 | 0.20 | 0.76 | 0.80 | 0.57 | 0.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.04bn | CN¥1.04bn | CN¥1.20bn | CN¥1.21bn | CN¥1.45bn | CN¥1.43bn | CN¥731.4m | CN¥682.1m | CN¥627.1m | CN¥518.5m |
| Cash and short-term investments | — | CN¥652.8m | CN¥734.5m | CN¥782.2m | CN¥881.2m | CN¥934.3m | CN¥355.8m | CN¥366.0m | CN¥367.1m | CN¥366.7m |
| Total liabilities | CN¥299.2m | CN¥295.0m | CN¥401.4m | CN¥260.4m | CN¥230.3m | CN¥167.4m | CN¥127.8m | CN¥140.7m | CN¥120.0m | CN¥388.3m |
| Debt | CN¥3.0m | CN¥7.8m | CN¥28.6m | CN¥18.2m | CN¥21.7m | CN¥5.6m | — | CN¥87,600 | CN¥19,700 | CN¥10.0m |
| Shareholders' equity | CN¥731.8m | CN¥741.4m | CN¥794.0m | CN¥944.7m | CN¥1.18bn | CN¥1.23bn | CN¥597.7m | CN¥536.5m | CN¥487.8m | CN¥116.7m |
| Shares outstanding | 77m | 72m | 75m | 75m | 74m | 81m | 56m | 77m | 50m | 41m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥25.8m | −CN¥63.2m | CN¥12.7m | −CN¥26.9m | −CN¥18.6m | CN¥34.8m | CN¥7.3m | CN¥9.3m | CN¥10.3m | CN¥9.8m |
| Capital spending | −CN¥2.8m | −CN¥10.8m | −CN¥30.1m | −CN¥6.2m | −CN¥15.2m | −CN¥3.6m | −CN¥9.1m | −CN¥401,376 | −CN¥977,814 | −CN¥333,287 |
| Free cash flow | CN¥22.9m | −CN¥74.0m | −CN¥17.4m | −CN¥33.1m | −CN¥33.7m | CN¥31.1m | −CN¥1.8m | CN¥8.9m | CN¥9.3m | CN¥9.5m |
| Dividends paid | −CN¥21,467 | −CN¥13.3m | −CN¥217,154 | −CN¥437,190 | −CN¥7.4m | −CN¥7.4m | −CN¥7.4m | −CN¥16,240 | −CN¥207,048 | −CN¥302,929 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥101.7m | CN¥105.0m | CN¥190.3m | CN¥113.1m | CN¥124.6m | CN¥77.0m | CN¥173.6m | CN¥94.8m |
| Operating income | −CN¥26.3m | −CN¥24.7m | CN¥1.3m | −CN¥10.4m | −CN¥15.1m | −CN¥16.6m | CN¥13.4m | −CN¥32.7m |
| Net income | −CN¥32.3m | −CN¥27.6m | CN¥1.7m | −CN¥11.1m | −CN¥14.4m | −CN¥17.7m | CN¥7.8m | −CN¥25.2m |
| Diluted earnings per share | -0.42 | -0.36 | 0.02 | -0.14 | -0.19 | -0.23 | 0.11 | -0.35 |
| Cash from operations | — | — | — | — | −CN¥9.0m | — | CN¥12.0m | CN¥33.0m |
| Capital spending | — | — | −CN¥1.0m | — | — | — | −CN¥1.0m | −CN¥7.0m |
| Free cash flow | — | — | — | — | — | — | CN¥11.0m | CN¥26.0m |
| Total assets | CN¥995.8m | CN¥1.01bn | CN¥1.04bn | CN¥994.3m | CN¥990.4m | CN¥974.0m | CN¥1.04bn | CN¥1.05bn |
| Cash and short-term investments | — | — | — | CN¥670.2m | CN¥671.3m | CN¥648.3m | CN¥652.8m | CN¥641.5m |
| Debt | — | CN¥3.0m | CN¥3.0m | CN¥8.7m | CN¥3.0m | — | — | CN¥5.0m |
| Shareholders' equity | CN¥710.9m | CN¥726.6m | CN¥731.8m | CN¥712.4m | CN¥713.8m | CN¥723.7m | CN¥741.4m | CN¥735.2m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -8.1% | -9.2% | -35.8% | -21.0% | -6.4% | 11.5% | — |
| Net margin | -8.2% | -12.0% | -31.5% | -17.4% | -6.5% | 4.8% | — |
| Return on equity | -5.7% | -7.2% | -21.4% | -9.2% | -2.5% | 1.3% | — |
| Return on assets | -4.0% | -5.1% | -14.1% | -7.1% | -2.0% | 1.2% | — |
| Free cash flow yield | 1.3% | -2.5% | 1.9% | -0.9% | -0.2% | 1.6% | — |
| Revenue growth | 13.7% | -17.7% | 8.3% | 10.3% | 30.8% | -8.3% | — |
| Earnings growth | -22.3% | -68.6% | 95.9% | 195.8% | -277.7% | -61.3% | — |
| Current ratio | 3.67x | 4.02x | 3.47x | 4.21x | 5.46x | 7.46x | — |
| Debt to equity | 0.00x | — | 0.02x | 0.01x | 0.00x | 0.00x | 0.09x |
| Equity ratio | 70.5% | 71.0% | 66.1% | 77.8% | 81.4% | 86.2% | — |
| Interest coverage | -89.45x | -36.18x | -196.54x | -115.77x | -28.33x | 711.93x | — |
| R&D as a share of sales | 3.9% | 7.2% | 8.5% | 7.8% | 8.4% | 9.6% | — |
| Buybacks as a share of market value | -6.2% | 4.1% | -0.4% | -1.4% | 8.1% | -44.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.5% | 7.9% | 7.3% |
| Operating income | -22.7% | — | — |
| Net income | -21.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.9% | -16.8% | -11.8% | -1.8% |
| Net margin | -10.0% | -17.7% | -13.1% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -114.4 | -46.5 | -12.0 | -20.6 | -94.5 | 191.8 |
| Price to sales | 9.4 | 5.6 | 3.8 | 3.6 | 6.1 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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