K 
27.15
+0.37%
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¥822.9m
FY2016FY2025
Net income
−CN¥1.38bn
FY2016FY2025
Free cash flow
−CN¥470.9m
FY2016FY2025
Shareholders' equity
CN¥3.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥822.9m | CN¥536.9m | CN¥1.07bn | CN¥1.45bn | CN¥1.34bn | CN¥426.5m | CN¥239.5m | CN¥179.5m | CN¥141.9m | CN¥84.5m |
| Research and development | CN¥138.2m | CN¥103.8m | CN¥151.7m | CN¥153.8m | CN¥65.0m | CN¥34.6m | CN¥29.0m | CN¥28.1m | CN¥15.5m | CN¥7.7m |
| Operating income | −CN¥1.38bn | −CN¥821.1m | CN¥230.4m | CN¥625.1m | CN¥578.9m | CN¥194.5m | CN¥91.4m | CN¥63.1m | CN¥34.0m | CN¥22.2m |
| Net income | −CN¥1.38bn | −CN¥815.0m | CN¥202.5m | CN¥551.2m | CN¥501.1m | CN¥168.6m | CN¥77.7m | CN¥53.9m | CN¥29.0m | CN¥20.6m |
| Diluted earnings per share | -6.77 | -4.03 | 0.98 | 4.32 | 4.25 | 1.65 | 0.89 | 0.26 | 0.14 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.12bn | CN¥6.25bn | CN¥7.16bn | CN¥6.84bn | CN¥2.94bn | CN¥1.48bn | CN¥336.9m | CN¥275.7m | CN¥218.7m | CN¥135.6m |
| Cash and short-term investments | — | CN¥1.48bn | CN¥2.20bn | CN¥3.08bn | CN¥882.7m | CN¥721.3m | CN¥67.0m | CN¥6.8m | CN¥7.3m | CN¥6.1m |
| Total liabilities | CN¥1.19bn | CN¥1.06bn | CN¥1.10bn | CN¥848.7m | CN¥1.05bn | CN¥192.2m | CN¥66.9m | CN¥63.9m | CN¥55.5m | CN¥9.8m |
| Debt | CN¥49.5m | CN¥205.8m | CN¥394.6m | CN¥278.0m | CN¥696.4m | CN¥68.5m | CN¥15.6m | CN¥19.3m | CN¥1.5m | — |
| Shareholders' equity | CN¥3.92bn | CN¥5.18bn | CN¥6.06bn | CN¥5.98bn | CN¥1.89bn | CN¥1.29bn | CN¥270.0m | CN¥211.9m | CN¥163.1m | CN¥125.9m |
| Shares outstanding | 204m | 202m | 207m | 127m | 118m | 102m | 87m | 204m | 204m | 204m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥139.9m | CN¥198.2m | CN¥208.0m | CN¥494.7m | CN¥66.8m | CN¥41.2m | −CN¥6.1m | CN¥32.3m | CN¥5.9m | CN¥25.5m |
| Capital spending | −CN¥331.1m | −CN¥798.0m | −CN¥1.31bn | −CN¥1.20bn | −CN¥640.5m | −CN¥225.3m | −CN¥11.4m | −CN¥18.0m | −CN¥4.6m | −CN¥824,351 |
| Free cash flow | −CN¥470.9m | −CN¥599.8m | −CN¥1.10bn | −CN¥709.8m | −CN¥573.7m | −CN¥184.1m | −CN¥17.5m | CN¥14.3m | CN¥1.3m | CN¥24.7m |
| Dividends paid | −CN¥12.1m | −CN¥14.1m | −CN¥23.5m | −CN¥20.1m | −CN¥40.1m | −CN¥20.0m | −CN¥30.1m | −CN¥215,204 | −CN¥215,204 | −CN¥610,287 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥245.3m | CN¥211.0m | CN¥204.7m | CN¥207.4m | CN¥251.1m | CN¥159.6m | CN¥96.4m | CN¥97.3m |
| Operating income | −CN¥57.4m | −CN¥77.2m | −CN¥1.11bn | −CN¥103.3m | −CN¥79.1m | −CN¥80.1m | −CN¥649.9m | −CN¥49.0m |
| Net income | −CN¥62.9m | −CN¥78.6m | −CN¥1.11bn | −CN¥107.8m | −CN¥82.3m | −CN¥85.5m | −CN¥669.0m | −CN¥42.8m |
| Diluted earnings per share | -0.31 | -0.38 | -5.42 | -0.53 | -0.40 | -0.42 | -3.30 | -0.21 |
| Cash from operations | — | — | — | −CN¥32.0m | −CN¥84.0m | −CN¥62.0m | — | CN¥60.0m |
| Capital spending | −CN¥6.0m | −CN¥18.0m | −CN¥110.0m | −CN¥95.0m | −CN¥34.0m | −CN¥90.0m | −CN¥256.0m | −CN¥119.0m |
| Free cash flow | — | — | — | −CN¥127.0m | −CN¥118.0m | −CN¥152.0m | — | −CN¥59.0m |
| Total assets | CN¥5.24bn | CN¥5.18bn | CN¥5.12bn | CN¥6.05bn | CN¥6.11bn | CN¥6.11bn | CN¥6.25bn | CN¥6.72bn |
| Cash and short-term investments | — | — | — | CN¥1.22bn | CN¥1.30bn | CN¥1.36bn | CN¥1.48bn | CN¥1.53bn |
| Debt | CN¥102.1m | CN¥49.5m | CN¥49.5m | CN¥566.8m | CN¥238.6m | CN¥235.2m | CN¥205.8m | CN¥308.4m |
| Shareholders' equity | CN¥3.81bn | CN¥3.86bn | CN¥3.92bn | CN¥4.97bn | CN¥5.01bn | CN¥5.09bn | CN¥5.18bn | CN¥5.85bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -167.2% | -152.9% | 22.3% | 44.5% | 43.7% | 46.5% |
| Net margin | -168.0% | -151.8% | 18.9% | 38.0% | 37.5% | 39.5% |
| Return on equity | -35.2% | -15.7% | 3.3% | 9.2% | 26.5% | 13.0% |
| Return on assets | -27.0% | -13.0% | 2.8% | 8.1% | 17.0% | 11.4% |
| Free cash flow yield | 3.2% | 17.0% | 25.3% | 46.0% | 20.7% | 9.0% |
| Revenue growth | 53.3% | -49.9% | -26.1% | 8.4% | 213.7% | 78.0% |
| Earnings growth | 69.6% | -502.5% | -63.3% | 10.0% | 197.3% | 117.0% |
| Current ratio | 2.10x | 3.06x | 4.86x | 7.47x | 4.72x | 6.89x |
| Debt to equity | 0.01x | 0.04x | 0.07x | 0.05x | 0.37x | -0.02x |
| Equity ratio | 76.6% | 82.9% | 84.6% | 87.5% | 64.3% | 87.1% |
| Interest coverage | -113.95x | -57.90x | 18.39x | 25.22x | 54.92x | 545.86x |
| R&D as a share of sales | 16.8% | 19.3% | 14.2% | 10.6% | 4.9% | 8.1% |
| Buybacks as a share of market value | -0.9% | 2.0% | -62.2% | -8.2% | -15.5% | -17.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.2% | 13.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | -5.2 | 47.9 | 23.0 | 37.9 | 59.3 |
| Price to sales | 7.4 | 8.2 | 9.2 | 8.9 | 14.3 | 23.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.168 | 0.113 | 0.227 | 0.113 |
- 1.49-for-1 split · 3 Jul 2024
- 1.48-for-1 split · 11 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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