C 
11.49
-0.95%
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¥719.6m
FY2016FY2025
Net income
−CN¥138.1m
FY2016FY2025
Free cash flow
−CN¥307.2m
FY2016FY2025
Shareholders' equity
CN¥2.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥719.6m | CN¥863.9m | CN¥1.40bn | CN¥1.74bn | CN¥1.29bn | CN¥918.6m | CN¥945.7m | CN¥866.8m | CN¥594.6m | CN¥401.2m |
| Gross profit | −CN¥138.6m | CN¥5.3m | CN¥62.8m | CN¥309.0m | CN¥222.2m | CN¥185.8m | CN¥228.9m | CN¥179.8m | CN¥127.4m | CN¥94.1m |
| Research and development | CN¥34.0m | CN¥40.9m | CN¥55.1m | CN¥68.3m | CN¥52.6m | CN¥37.1m | CN¥37.3m | CN¥33.5m | CN¥20.7m | CN¥18.8m |
| Operating income | −CN¥138.6m | −CN¥63.4m | −CN¥16.1m | CN¥144.4m | CN¥141.7m | CN¥121.4m | CN¥120.3m | CN¥98.6m | CN¥48.1m | CN¥29.0m |
| Net income | −CN¥138.1m | −CN¥67.1m | −CN¥23.9m | CN¥104.9m | CN¥122.9m | CN¥105.5m | CN¥104.9m | CN¥88.5m | CN¥37.2m | CN¥25.6m |
| Diluted earnings per share | -0.87 | -0.40 | -0.12 | 0.60 | 0.77 | 0.89 | 0.84 | 0.72 | 0.24 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.79bn | CN¥2.93bn | CN¥3.41bn | CN¥3.75bn | CN¥1.98bn | CN¥1.74bn | CN¥1.06bn | CN¥985.8m | CN¥826.4m | CN¥583.4m |
| Cash and short-term investments | — | CN¥1.78bn | CN¥1.75bn | CN¥1.84bn | CN¥393.5m | CN¥649.9m | CN¥106.0m | CN¥112.9m | CN¥117.3m | CN¥62.2m |
| Total liabilities | CN¥206.0m | CN¥188.7m | CN¥539.7m | CN¥599.3m | CN¥557.8m | CN¥413.3m | CN¥408.3m | CN¥443.6m | CN¥372.7m | CN¥166.9m |
| Debt | — | CN¥7.7m | CN¥46.9m | CN¥55.8m | CN¥1.0m | CN¥30.2m | CN¥38.2m | CN¥82.7m | CN¥97.1m | CN¥75.8m |
| Shareholders' equity | CN¥2.59bn | CN¥2.74bn | CN¥2.87bn | CN¥3.14bn | CN¥1.42bn | CN¥1.33bn | CN¥647.2m | CN¥542.2m | CN¥453.7m | CN¥416.4m |
| Shares outstanding | 158m | 167m | 207m | 174m | 160m | 119m | 124m | 123m | 158m | 158m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥287.7m | CN¥146.6m | CN¥212.4m | CN¥83.0m | −CN¥93.3m | CN¥33.6m | CN¥139.6m | CN¥49.0m | CN¥99.1m | −CN¥22.3m |
| Capital spending | −CN¥19.6m | −CN¥97.8m | −CN¥123.2m | −CN¥225.1m | −CN¥124.3m | −CN¥49.5m | −CN¥85.1m | −CN¥33.1m | −CN¥38.3m | −CN¥21.1m |
| Free cash flow | −CN¥307.2m | CN¥48.8m | CN¥89.3m | −CN¥142.1m | −CN¥217.6m | −CN¥15.9m | CN¥54.5m | CN¥15.9m | CN¥60.8m | −CN¥43.5m |
| Dividends paid | — | — | −CN¥35.1m | −CN¥41.0m | −CN¥32.8m | −CN¥852,945 | −CN¥2.7m | −CN¥3.8m | −CN¥3.7m | −CN¥1.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥212.9m | CN¥196.6m | CN¥182.4m | CN¥155.3m | CN¥208.3m | CN¥173.6m | CN¥102.8m | CN¥156.3m |
| Gross profit | CN¥33.5m | CN¥9.3m | −CN¥118.5m | CN¥2.5m | −CN¥23.2m | CN¥575,664 | −CN¥37.6m | CN¥10.0m |
| Operating income | CN¥4.8m | −CN¥15.1m | −CN¥65.9m | −CN¥19.5m | −CN¥30.0m | −CN¥23.2m | −CN¥46.1m | −CN¥25.1m |
| Net income | −CN¥1.2m | −CN¥16.1m | −CN¥64.3m | −CN¥21.1m | −CN¥29.5m | −CN¥23.2m | −CN¥53.1m | −CN¥22.6m |
| Diluted earnings per share | -0.01 | -0.10 | -0.41 | -0.13 | -0.19 | -0.15 | -0.32 | -0.13 |
| Cash from operations | — | — | — | −CN¥54.0m | −CN¥37.0m | −CN¥128.0m | −CN¥64.0m | CN¥151.0m |
| Capital spending | −CN¥9.0m | −CN¥20.0m | — | −CN¥3.0m | — | −CN¥19.0m | −CN¥40.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥57.0m | — | −CN¥147.0m | −CN¥104.0m | CN¥149.0m |
| Total assets | CN¥2.78bn | CN¥2.77bn | CN¥2.79bn | CN¥2.87bn | CN¥2.85bn | CN¥2.89bn | CN¥2.93bn | CN¥3.10bn |
| Cash and short-term investments | — | — | — | CN¥1.59bn | CN¥1.61bn | CN¥1.64bn | CN¥1.78bn | CN¥1.88bn |
| Debt | — | — | — | CN¥82.6m | CN¥29.8m | CN¥2.7m | CN¥7.7m | CN¥20.6m |
| Shareholders' equity | CN¥2.56bn | CN¥2.57bn | CN¥2.59bn | CN¥2.66bn | CN¥2.68bn | CN¥2.72bn | CN¥2.74bn | CN¥2.79bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | -19.3% | 0.6% | 4.5% | 17.7% | 17.2% | 20.2% | — |
| Operating margin | -20.0% | -7.2% | -1.2% | 8.4% | 10.7% | 13.3% | — |
| Net margin | -19.2% | -7.8% | -1.7% | 6.0% | 9.5% | 11.5% | — |
| Return on equity | -5.3% | -2.4% | -0.8% | 3.3% | 8.7% | 8.0% | — |
| Return on assets | -4.9% | -2.3% | -0.7% | 2.8% | 6.2% | 6.1% | — |
| Free cash flow yield | -14.3% | 12.3% | 13.7% | 15.0% | 1.6% | 5.9% | — |
| Revenue growth | -16.7% | -38.1% | -19.8% | 35.1% | 40.3% | -2.9% | — |
| Earnings growth | 105.9% | 180.9% | -122.8% | -14.7% | 16.5% | 0.6% | — |
| Current ratio | 10.63x | 12.09x | 5.03x | 5.24x | 2.85x | 3.72x | — |
| Debt to equity | — | 0.00x | 0.01x | 0.02x | 0.00x | 0.02x | 0.06x |
| Equity ratio | 92.6% | 93.6% | 84.2% | 83.7% | 71.3% | 76.2% | — |
| Interest coverage | -483.45x | -62.00x | -8.54x | 32.00x | 161.62x | 64.45x | — |
| R&D as a share of sales | 4.7% | 4.7% | 3.9% | 3.9% | 4.1% | 4.0% | — |
| Buybacks as a share of market value | 5.6% | 19.3% | -19.5% | -8.3% | -34.9% | 4.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.5% | -4.8% | 8.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -8.4% | 5.1% | 9.3% | 13.5% |
| Operating margin | -12.8% | -1.6% | 2.7% | 5.2% |
| Net margin | -13.0% | -2.6% | 1.5% | 3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -16.4 | -31.9 | -161.7 | 76.6 | 45.1 | 30.9 |
| Price to sales | 3.1 | 2.5 | 2.8 | 4.6 | 4.3 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jul 2023.
| FY2023 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.18 | 0.25 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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