G 
31.96
+2.53%
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¥2.68bn
FY2016FY2025
Net income
CN¥31.1m
FY2016FY2025
Free cash flow
−CN¥493.9m
FY2016FY2025
Shareholders' equity
CN¥4.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.68bn | CN¥3.26bn | CN¥2.52bn | CN¥1.58bn | CN¥1.04bn | CN¥702.5m | CN¥489.4m | CN¥364.4m | CN¥237.3m | CN¥67.2m |
| Research and development | CN¥533.6m | CN¥488.4m | CN¥372.6m | CN¥223.1m | CN¥142.0m | CN¥88.8m | CN¥63.0m | CN¥43.7m | CN¥23.4m | CN¥11.0m |
| Operating income | CN¥94.3m | CN¥515.9m | CN¥442.8m | CN¥285.8m | CN¥203.3m | CN¥150.8m | CN¥109.3m | CN¥96.1m | CN¥48.9m | CN¥5.2m |
| Net income | CN¥31.1m | CN¥351.7m | CN¥342.5m | CN¥242.8m | CN¥220.3m | CN¥147.5m | CN¥102.9m | CN¥89.0m | CN¥46.4m | CN¥5.7m |
| Diluted earnings per share | 0.05 | 0.44 | 0.42 | 0.30 | 0.30 | 0.20 | 0.19 | 0.53 | 0.07 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.79bn | CN¥8.29bn | CN¥6.03bn | CN¥4.65bn | CN¥2.36bn | CN¥1.69bn | CN¥613.4m | CN¥399.3m | CN¥197.2m | CN¥106.9m |
| Cash and short-term investments | CN¥1.02bn | CN¥1.31bn | CN¥1.69bn | CN¥2.00bn | CN¥1.07bn | CN¥905.5m | CN¥111.8m | CN¥68.9m | CN¥32.9m | CN¥31.1m |
| Total liabilities | −CN¥4.75bn | CN¥3.69bn | CN¥2.12bn | CN¥1.29bn | CN¥884.1m | CN¥440.7m | CN¥324.9m | CN¥213.0m | CN¥132.0m | CN¥90.6m |
| Debt | — | CN¥1.02bn | CN¥299.8m | CN¥34.6m | CN¥190.0m | CN¥34.4m | CN¥66.3m | CN¥16.8m | — | — |
| Shareholders' equity | CN¥4.75bn | CN¥3.84bn | CN¥3.56bn | CN¥3.21bn | CN¥1.43bn | CN¥1.24bn | CN¥289.0m | CN¥183.5m | CN¥62.7m | CN¥16.3m |
| Shares outstanding | 683m | 793m | 809m | 814m | 746m | 738m | 536m | 168m | 683m | 683m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥158.4m | −CN¥81.2m | CN¥125.1m | −CN¥28.9m | CN¥167.0m | CN¥79.5m | −CN¥3.4m | CN¥17.6m | CN¥5.6m | −CN¥11.0m |
| Capital spending | −CN¥652.3m | −CN¥457.3m | −CN¥376.5m | −CN¥336.3m | −CN¥65.9m | −CN¥15.4m | −CN¥10.4m | −CN¥19.3m | −CN¥5.4m | −CN¥2.1m |
| Free cash flow | −CN¥493.9m | −CN¥538.4m | −CN¥251.4m | −CN¥365.2m | CN¥101.1m | CN¥64.0m | −CN¥13.8m | −CN¥1.7m | CN¥125,700 | −CN¥13.1m |
| Dividends paid | −CN¥102.4m | −CN¥89.4m | −CN¥49.1m | −CN¥45.1m | −CN¥44.4m | −CN¥2.7m | −CN¥1.3m | −CN¥44.2m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥311.6m | CN¥202.7m | CN¥472.5m | CN¥860.3m | CN¥843.7m | CN¥504.3m | CN¥1.25bn | CN¥902.5m |
| Operating income | −CN¥146.0m | −CN¥158.7m | −CN¥159.8m | CN¥101.1m | CN¥103.7m | CN¥32.2m | CN¥304.3m | CN¥138.6m |
| Net income | −CN¥169.9m | −CN¥148.8m | −CN¥115.4m | CN¥68.4m | CN¥57.3m | CN¥20.8m | CN¥206.0m | CN¥82.1m |
| Diluted earnings per share | -0.25 | -0.22 | -0.17 | 0.10 | 0.08 | 0.03 | 0.26 | 0.10 |
| Cash from operations | — | — | — | CN¥88.0m | −CN¥95.0m | −CN¥290.0m | CN¥417.0m | CN¥16.0m |
| Capital spending | −CN¥155.0m | −CN¥113.0m | −CN¥302.0m | −CN¥125.0m | −CN¥121.0m | −CN¥102.0m | −CN¥217.0m | −CN¥101.0m |
| Free cash flow | — | — | — | −CN¥37.0m | −CN¥216.0m | −CN¥392.0m | CN¥200.0m | −CN¥85.0m |
| Total assets | CN¥8.12bn | CN¥8.29bn | CN¥8.79bn | CN¥8.65bn | CN¥8.22bn | CN¥8.10bn | CN¥8.29bn | CN¥7.26bn |
| Cash and short-term investments | — | — | CN¥1.02bn | CN¥1.02bn | CN¥972.9m | CN¥975.3m | CN¥1.31bn | CN¥1.02bn |
| Debt | CN¥201.9m | CN¥179.1m | CN¥178.2m | CN¥1.46bn | CN¥1.04bn | CN¥1.31bn | CN¥844.4m | CN¥844.5m |
| Shareholders' equity | CN¥3.46bn | CN¥3.64bn | CN¥4.75bn | CN¥3.87bn | CN¥3.80bn | CN¥3.79bn | CN¥3.84bn | CN¥3.60bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.5% | 15.8% | 17.6% | 18.1% | 19.5% | 21.5% | — |
| Net margin | 1.2% | 10.8% | 13.6% | 15.4% | 21.2% | 21.0% | — |
| Return on equity | 0.7% | 9.2% | 9.6% | 7.6% | 15.4% | 11.9% | — |
| Return on assets | 0.4% | 4.2% | 5.7% | 5.2% | 9.3% | 8.7% | — |
| Free cash flow yield | 3.9% | 1.6% | 2.1% | 1.3% | 1.0% | 0.4% | — |
| Revenue growth | -17.7% | 29.5% | 59.5% | 51.6% | 48.0% | 43.5% | — |
| Earnings growth | -91.2% | 2.7% | 41.1% | 10.2% | 49.4% | 43.3% | — |
| Current ratio | 1.65x | 1.68x | 2.31x | 3.23x | 3.02x | 4.23x | — |
| Debt to equity | 0.04x | 0.22x | 0.08x | 0.00x | 0.10x | — | 0.21x |
| Equity ratio | 54.0% | 46.3% | 59.1% | 69.2% | 60.7% | 73.3% | — |
| Interest coverage | 2.56x | 19.91x | 60.83x | 169.51x | 99.91x | 54.72x | — |
| R&D as a share of sales | 19.9% | 15.0% | 14.8% | 14.1% | 13.7% | 12.6% | — |
| Buybacks as a share of market value | 13.9% | 1.9% | 0.6% | -9.1% | -1.1% | -37.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.4% | 30.7% | — |
| Operating income | -30.9% | -9.0% | — |
| Net income | -49.6% | -26.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | — | 77.2 | 52.2 | 62.9 | 80.9 | 67.3 |
| Price to sales | 15.0 | 8.3 | 7.1 | 9.7 | 17.1 | 14.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.087 | 0.129 | 0.09 | 0.062 | 0.061 |
- 1.49-for-1 split · 21 May 2025
- 1.49-for-1 split · 4 Jul 2024
- 1.49-for-1 split · 5 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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