3 
253.89
-0.04%
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¥2.14bn
FY2014FY2025
Net income
CN¥173.0m
FY2014FY2025
Free cash flow
−CN¥41.2m
FY2014FY2025
Shareholders' equity
CN¥5.83bn
FY2014FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.14bn | CN¥1.22bn | CN¥1.09bn | CN¥1.78bn | CN¥1.33bn | CN¥566.5m | CN¥303.6m | CN¥113.9m | CN¥111.8m | CN¥30.6m |
| Research and development | CN¥588.2m | CN¥577.1m | CN¥554.3m | CN¥655.6m | CN¥301.0m | CN¥122.5m | CN¥73.4m | CN¥40.7m | CN¥28.6m | CN¥4.9m |
| Operating income | CN¥177.9m | −CN¥190.1m | −CN¥81.9m | CN¥267.1m | CN¥445.6m | CN¥181.0m | CN¥70.4m | −CN¥8.8m | CN¥5.1m | −CN¥431,306 |
| Net income | CN¥173.0m | −CN¥197.2m | −CN¥34.7m | CN¥266.8m | CN¥443.5m | CN¥183.8m | CN¥71.0m | −CN¥8.8m | CN¥5.1m | CN¥181,738 |
| Diluted earnings per share | 1.29 | -1.51 | -0.24 | 2.21 | 3.70 | 1.55 | 0.80 | -0.07 | 0.04 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.88bn | CN¥6.20bn | CN¥5.91bn | CN¥4.15bn | CN¥3.44bn | CN¥2.66bn | CN¥285.9m | CN¥85.2m | CN¥85.4m | CN¥27.8m |
| Cash and short-term investments | CN¥3.74bn | CN¥3.43bn | CN¥4.37bn | CN¥2.94bn | CN¥2.66bn | CN¥2.46bn | CN¥103.5m | CN¥45.3m | CN¥41.0m | CN¥12.7m |
| Total liabilities | −CN¥5.83bn | CN¥899.8m | CN¥328.9m | CN¥365.6m | CN¥266.3m | CN¥90.5m | CN¥67.0m | CN¥21.9m | CN¥31.1m | CN¥4.1m |
| Debt | CN¥23.6m | CN¥375.7m | CN¥55.2m | CN¥58.7m | CN¥18.0m | CN¥2.5m | CN¥2.5m | — | — | — |
| Shareholders' equity | CN¥5.83bn | CN¥5.30bn | CN¥5.58bn | CN¥3.79bn | CN¥3.18bn | CN¥2.57bn | CN¥219.0m | CN¥63.3m | CN¥54.3m | CN¥23.1m |
| Shares outstanding | 134m | 131m | 147m | 120m | 120m | 119m | 89m | 134m | 134m | 134m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥147.8m | CN¥70.6m | −CN¥100.6m | CN¥530.1m | CN¥241.7m | CN¥226.4m | −CN¥5.3m | −CN¥4.4m | CN¥17.6m | −CN¥1.0m |
| Capital spending | −CN¥188.9m | −CN¥212.9m | −CN¥234.3m | −CN¥184.4m | −CN¥53.0m | −CN¥24.8m | −CN¥9.7m | −CN¥3.5m | −CN¥1.2m | −CN¥456,928 |
| Free cash flow | −CN¥41.2m | −CN¥142.3m | −CN¥334.9m | CN¥345.7m | CN¥188.7m | CN¥201.6m | −CN¥15.0m | −CN¥7.9m | CN¥16.3m | −CN¥1.5m |
| Dividends paid | −CN¥38,338 | — | −CN¥24.8m | −CN¥49.3m | −CN¥17.0m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥903.5m | CN¥702.3m | CN¥611.3m | CN¥581.6m | CN¥527.4m | CN¥421.8m | CN¥371.3m | CN¥341.5m |
| Operating income | CN¥189.4m | CN¥106.0m | CN¥47.7m | CN¥63.4m | CN¥51.2m | CN¥15.7m | −CN¥93.4m | −CN¥30.0m |
| Net income | CN¥202.4m | CN¥105.4m | CN¥47.0m | CN¥60.3m | CN¥50.1m | CN¥15.6m | −CN¥98.5m | −CN¥33.1m |
| Diluted earnings per share | 1.51 | 0.78 | 0.35 | 0.45 | 0.37 | 0.12 | -0.75 | -0.25 |
| Cash from operations | — | — | — | CN¥73.0m | CN¥38.0m | CN¥28.0m | CN¥80.0m | — |
| Capital spending | −CN¥62.0m | −CN¥73.0m | −CN¥54.0m | −CN¥28.0m | −CN¥30.0m | −CN¥74.0m | −CN¥66.0m | −CN¥58.0m |
| Free cash flow | — | — | — | CN¥45.0m | CN¥8.0m | −CN¥46.0m | CN¥14.0m | — |
| Total assets | CN¥7.43bn | CN¥7.09bn | CN¥6.88bn | CN¥6.76bn | CN¥6.27bn | CN¥6.18bn | CN¥6.22bn | CN¥5.74bn |
| Cash and short-term investments | — | — | CN¥3.74bn | CN¥3.74bn | CN¥3.34bn | CN¥3.39bn | CN¥3.43bn | CN¥4.17bn |
| Debt | CN¥100 | CN¥100 | CN¥23.6m | CN¥26.1m | CN¥332.4m | CN¥356.0m | CN¥353.3m | — |
| Shareholders' equity | CN¥6.62bn | CN¥6.36bn | CN¥5.83bn | CN¥5.83bn | CN¥5.38bn | CN¥5.32bn | CN¥5.30bn | CN¥5.38bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.3% | -15.6% | -7.5% | 15.0% | 33.6% | 32.0% |
| Net margin | 8.1% | -16.2% | -3.2% | 15.0% | 33.5% | 32.4% |
| Return on equity | 3.0% | -3.7% | -0.6% | 7.0% | 14.0% | 7.1% |
| Return on assets | 2.5% | -3.2% | -0.6% | 6.4% | 12.9% | 6.9% |
| Free cash flow yield | 0.7% | 0.6% | 0.3% | 1.7% | 0.7% | 0.6% |
| Revenue growth | 75.6% | 11.5% | -38.7% | 34.5% | 134.1% | 86.6% |
| Earnings growth | -187.7% | 468.1% | -113.0% | -39.8% | 141.3% | 158.9% |
| Current ratio | 7.29x | 7.78x | 17.43x | 10.89x | 12.83x | 32.42x |
| Debt to equity | 0.00x | 0.07x | 0.00x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 84.7% | 85.5% | 94.4% | 91.2% | 92.3% | 96.6% |
| Interest coverage | 15.63x | -41.16x | -26.30x | 118.97x | 714.15x | 701.93x |
| R&D as a share of sales | 27.5% | 47.3% | 50.7% | 36.8% | 22.7% | 21.6% |
| Buybacks as a share of market value | -2.6% | 10.6% | -21.6% | -0.4% | -1.2% | -33.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.3% | 30.5% | 70.6% |
| Operating income | -12.7% | -0.3% | — |
| Net income | -13.4% | -1.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.4% | 2.8% | 9.8% | 9.9% |
| Net margin | -0.7% | 3.3% | 10.3% | 10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 124.0 | -61.5 | -617.5 | 124.3 | 139.4 | 187.0 |
| Price to sales | 10.0 | 9.9 | 19.6 | 18.6 | 46.6 | 60.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2023.
| FY2023 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.206 | 0.412 | 0.142 |
- 1.49-for-1 split · 20 Sept 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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