R 
10.60
-2.93%
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¥154.6m
FY2017FY2025
Net income
−CN¥222.5m
FY2017FY2025
Free cash flow
−CN¥25.6m
FY2017FY2025
Shareholders' equity
CN¥666.9m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥154.6m | CN¥143.0m | CN¥447.9m | CN¥169.2m | CN¥612.6m | CN¥403.4m | CN¥507.3m | CN¥364.5m | CN¥195.7m |
| Research and development | CN¥20.9m | CN¥28.1m | CN¥35.1m | CN¥37.2m | CN¥41.9m | CN¥38.1m | CN¥33.8m | CN¥29.4m | CN¥18.3m |
| Operating income | −CN¥220.6m | −CN¥183.7m | −CN¥42.3m | −CN¥163.1m | CN¥76.3m | CN¥34.2m | CN¥117.0m | CN¥62.2m | CN¥44.5m |
| Net income | −CN¥222.5m | −CN¥193.2m | −CN¥47.9m | −CN¥139.8m | CN¥69.9m | CN¥34.9m | CN¥101.7m | CN¥54.7m | CN¥35.1m |
| Diluted earnings per share | -1.22 | -1.06 | -0.18 | -0.74 | 0.37 | 0.26 | 0.72 | 0.30 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.29bn | CN¥1.52bn | CN¥1.91bn | CN¥2.00bn | CN¥2.31bn | CN¥1.27bn | CN¥948.1m | CN¥491.4m | CN¥373.5m |
| Cash and short-term investments | — | CN¥221.7m | CN¥378.9m | CN¥302.4m | CN¥786.3m | CN¥180.4m | CN¥145.6m | CN¥117.0m | CN¥66.4m |
| Total liabilities | CN¥595.6m | CN¥610.1m | CN¥767.1m | CN¥695.5m | CN¥782.2m | CN¥628.8m | CN¥468.1m | CN¥195.0m | CN¥134.4m |
| Debt | CN¥35.0m | CN¥359.3m | CN¥379.3m | CN¥253.5m | CN¥77.1m | CN¥147.6m | CN¥125.0m | CN¥67.7m | CN¥29.6m |
| Shareholders' equity | CN¥666.9m | CN¥892.1m | CN¥1.12bn | CN¥1.29bn | CN¥1.52bn | CN¥626.6m | CN¥468.1m | CN¥296.3m | CN¥238.7m |
| Shares outstanding | 182m | 181m | 267m | 188m | 188m | 136m | 141m | 182m | 182m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥16.6m | −CN¥61.1m | −CN¥41.3m | −CN¥314.0m | −CN¥101.9m | CN¥69.9m | −CN¥104.4m | −CN¥166.3m | CN¥35.8m |
| Capital spending | −CN¥42.2m | −CN¥24.0m | −CN¥9.7m | −CN¥273.0m | −CN¥17.8m | −CN¥9.3m | −CN¥2.1m | −CN¥5.9m | −CN¥7.8m |
| Free cash flow | −CN¥25.6m | −CN¥85.2m | −CN¥51.1m | −CN¥587.1m | −CN¥119.7m | CN¥60.6m | −CN¥106.6m | −CN¥172.2m | CN¥28.0m |
| Dividends paid | −CN¥14.3m | −CN¥13.2m | −CN¥11.9m | −CN¥8.9m | −CN¥15.9m | −CN¥6.8m | −CN¥4.5m | −CN¥691,094 | −CN¥352,597 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥39.4m | CN¥24.2m | CN¥10.7m | CN¥72.7m | CN¥50.7m | CN¥20.5m | CN¥31.0m | CN¥72.7m |
| Operating income | −CN¥18.6m | −CN¥20.9m | −CN¥118.8m | −CN¥52.4m | −CN¥22.4m | −CN¥23.3m | −CN¥83.9m | −CN¥54.7m |
| Net income | −CN¥31.7m | −CN¥10.0m | −CN¥127.2m | −CN¥47.9m | −CN¥22.8m | −CN¥24.6m | −CN¥97.1m | −CN¥46.7m |
| Diluted earnings per share | -0.17 | -0.05 | -0.70 | -0.26 | -0.12 | -0.14 | -0.53 | -0.26 |
| Cash from operations | — | — | — | CN¥3.0m | −CN¥4.0m | CN¥12.0m | — | −CN¥3.0m |
| Capital spending | −CN¥3.0m | −CN¥4.0m | −CN¥7.0m | −CN¥11.0m | −CN¥17.0m | −CN¥5.0m | −CN¥5.0m | — |
| Free cash flow | — | — | — | −CN¥8.0m | −CN¥21.0m | CN¥7.0m | — | — |
| Total assets | CN¥1.23bn | CN¥1.27bn | CN¥1.29bn | CN¥1.44bn | CN¥1.50bn | CN¥1.50bn | CN¥1.52bn | CN¥1.63bn |
| Cash and short-term investments | — | — | — | CN¥161.5m | CN¥210.5m | CN¥213.2m | CN¥221.7m | CN¥202.5m |
| Debt | CN¥47.7m | CN¥34.0m | CN¥35.0m | CN¥330.7m | CN¥352.1m | CN¥355.2m | CN¥359.1m | CN¥354.2m |
| Shareholders' equity | CN¥647.6m | CN¥657.6m | CN¥666.9m | CN¥799.6m | CN¥845.2m | CN¥867.7m | CN¥892.1m | CN¥989.1m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -142.1% | -128.5% | -9.4% | -94.6% | 13.8% | 10.3% |
| Net margin | -143.9% | -135.2% | -10.7% | -82.6% | 11.4% | 8.6% |
| Return on equity | -33.4% | -21.7% | -4.3% | -10.9% | 4.6% | 5.6% |
| Return on assets | -17.3% | -12.7% | -2.5% | -7.0% | 3.0% | 2.8% |
| Free cash flow yield | 2.7% | -1.7% | -1.0% | -1.8% | -3.7% | 4.8% |
| Revenue growth | 8.1% | -68.1% | 164.7% | -72.4% | 51.9% | -20.5% |
| Earnings growth | 15.1% | 303.5% | -65.7% | -300.0% | 100.6% | -65.7% |
| Current ratio | 1.48x | 1.79x | 1.75x | 2.11x | 2.59x | 1.66x |
| Debt to equity | 0.05x | 0.40x | 0.34x | 0.17x | -0.02x | 0.19x |
| Equity ratio | 51.8% | 58.6% | 58.5% | 64.3% | 65.7% | 49.5% |
| Interest coverage | -18.61x | -13.59x | -3.24x | -40.48x | 19.41x | 27.72x |
| R&D as a share of sales | 13.5% | 19.6% | 7.8% | 22.0% | 6.8% | 9.5% |
| Buybacks as a share of market value | -0.5% | 32.0% | -41.8% | -0.3% | -37.9% | 3.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.0% | -17.5% | — |
| Operating income | 10.6% | — | — |
| Net income | 16.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -11.2 | -8.2 | -78.4 | -13.9 | 58.5 |
| Price to sales | 16.1 | 11.1 | 8.4 | 11.5 | 6.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.048 | 0.085 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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