G 
124.74
+5.02%
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¥97.3m
FY2016FY2025
Net income
−CN¥95.4m
FY2016FY2025
Free cash flow
−CN¥24.6m
FY2016FY2025
Shareholders' equity
CN¥303.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥97.3m | CN¥202.5m | CN¥366.2m | CN¥280.3m | CN¥464.2m | CN¥312.3m | CN¥219.8m | CN¥124.7m | CN¥102.6m | CN¥91.8m |
| Research and development | CN¥17.4m | CN¥32.8m | CN¥67.6m | CN¥77.7m | CN¥52.5m | CN¥34.9m | CN¥35.1m | CN¥16.1m | CN¥28.2m | CN¥32.5m |
| Operating income | −CN¥75.9m | −CN¥48.5m | −CN¥112.6m | −CN¥82.9m | CN¥82.5m | CN¥80.9m | CN¥54.4m | CN¥22.8m | CN¥14.2m | −CN¥2.3m |
| Net income | −CN¥95.4m | −CN¥46.0m | −CN¥96.1m | −CN¥63.3m | CN¥78.6m | CN¥69.5m | CN¥46.5m | CN¥20.0m | CN¥20.5m | CN¥15.9m |
| Diluted earnings per share | -1.33 | -0.65 | -1.34 | -0.87 | 1.11 | 1.33 | 0.66 | 0.36 | 0.38 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥714.6m | CN¥877.1m | CN¥1.08bn | CN¥971.9m | CN¥931.4m | CN¥550.0m | CN¥354.6m | CN¥231.2m | CN¥187.7m | CN¥157.7m |
| Cash and short-term investments | — | CN¥51.6m | CN¥192.2m | CN¥261.7m | CN¥340.1m | CN¥169.6m | CN¥135.9m | CN¥97.1m | CN¥82.6m | CN¥47.7m |
| Total liabilities | CN¥434.8m | CN¥515.0m | CN¥663.5m | CN¥461.2m | CN¥338.1m | CN¥303.5m | CN¥177.8m | CN¥100.9m | CN¥77.2m | CN¥62.1m |
| Debt | CN¥186.2m | CN¥271.4m | CN¥325.9m | CN¥245.0m | CN¥118.1m | CN¥94.5m | CN¥40.0m | CN¥32.0m | CN¥14.5m | — |
| Shareholders' equity | CN¥303.6m | CN¥384.3m | CN¥435.3m | CN¥530.5m | CN¥605.1m | CN¥250.6m | CN¥178.9m | CN¥131.2m | CN¥110.6m | CN¥95.6m |
| Shares outstanding | 72m | 71m | 72m | 73m | 71m | 52m | 70m | 56m | 53m | 54m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥9.2m | −CN¥8.2m | −CN¥36.4m | −CN¥84.6m | CN¥14.9m | CN¥64.1m | CN¥77.9m | CN¥4.9m | −CN¥8.4m | CN¥18.0m |
| Capital spending | −CN¥33.8m | −CN¥69.9m | −CN¥109.2m | −CN¥77.6m | −CN¥132.2m | −CN¥68.8m | −CN¥47.4m | −CN¥11.4m | −CN¥8.6m | −CN¥5.0m |
| Free cash flow | −CN¥24.6m | −CN¥78.1m | −CN¥145.6m | −CN¥162.2m | −CN¥117.3m | −CN¥4.7m | CN¥30.5m | −CN¥6.5m | −CN¥16.9m | CN¥13.0m |
| Dividends paid | −CN¥10.1m | −CN¥11.5m | −CN¥11.5m | −CN¥11.9m | −CN¥6.1m | −CN¥3.6m | −CN¥2.0m | −CN¥1.2m | −CN¥247,282 | −CN¥346,093 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.5m | CN¥19.2m | CN¥26.8m | CN¥17.7m | CN¥21.1m | CN¥31.7m | CN¥53.0m | CN¥46.1m |
| Operating income | −CN¥7.0m | −CN¥5.8m | −CN¥34.6m | −CN¥23.0m | −CN¥12.3m | −CN¥8.6m | −CN¥24.8m | CN¥1.2m |
| Net income | −CN¥11.8m | −CN¥7.7m | −CN¥59.2m | −CN¥18.7m | −CN¥10.4m | −CN¥7.1m | −CN¥23.8m | −CN¥91,687 |
| Diluted earnings per share | -0.16 | -0.11 | -0.82 | -0.26 | -0.14 | -0.10 | -0.34 | -0.00 |
| Cash from operations | — | — | — | CN¥7.0m | CN¥2.0m | −CN¥16.0m | CN¥16.0m | CN¥1.0m |
| Capital spending | −CN¥7.0m | −CN¥17.0m | −CN¥5.0m | −CN¥10.0m | −CN¥4.0m | −CN¥13.0m | −CN¥11.0m | −CN¥11.0m |
| Free cash flow | — | — | — | −CN¥3.0m | −CN¥2.0m | −CN¥29.0m | CN¥5.0m | −CN¥10.0m |
| Total assets | CN¥724.0m | CN¥689.6m | CN¥714.6m | CN¥805.5m | CN¥828.0m | CN¥846.4m | CN¥877.1m | CN¥970.1m |
| Cash and short-term investments | — | — | — | CN¥45.3m | CN¥42.5m | CN¥35.4m | CN¥51.6m | CN¥84.7m |
| Debt | CN¥270.1m | CN¥233.3m | CN¥186.2m | CN¥94.6m | CN¥252.2m | CN¥260.6m | CN¥271.4m | CN¥311.9m |
| Shareholders' equity | CN¥284.2m | CN¥296.0m | CN¥303.6m | CN¥366.6m | CN¥385.3m | CN¥376.0m | CN¥384.3m | CN¥414.6m |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -84.4% | -23.6% | -30.4% | -29.0% | 18.5% | 26.8% |
| Net margin | -98.0% | -22.7% | -26.2% | -22.6% | 16.9% | 22.2% |
| Return on equity | -31.4% | -12.0% | -22.1% | -11.9% | 13.0% | 27.7% |
| Return on assets | -13.4% | -5.2% | -8.9% | -6.5% | 8.4% | 12.6% |
| Free cash flow yield | 0.5% | 0.7% | 0.8% | -0.1% | 1.7% | 2.1% |
| Revenue growth | -51.9% | -44.7% | 30.7% | -39.6% | 48.7% | 42.0% |
| Earnings growth | 107.5% | -52.1% | 51.8% | -180.6% | 13.1% | 49.4% |
| Current ratio | 1.15x | 1.14x | 1.12x | 1.64x | 2.55x | 1.71x |
| Debt to equity | 0.61x | 0.71x | 0.75x | 0.45x | 0.20x | 0.37x |
| Equity ratio | 42.5% | 43.8% | 40.3% | 54.6% | 65.0% | 45.6% |
| Interest coverage | -12.89x | -5.90x | -11.54x | -16.67x | 20.35x | 30.24x |
| R&D as a share of sales | 17.9% | 16.2% | 18.4% | 27.7% | 11.3% | 11.2% |
| Buybacks as a share of market value | -1.1% | 1.0% | 1.4% | -3.1% | -35.5% | 25.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.7% | -20.8% | 3.2% |
| Operating income | -2.9% | — | 44.4% |
| Net income | 14.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -41.5% | -33.8% | -9.1% | -3.0% |
| Net margin | -47.2% | -31.8% | -8.9% | -1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -76.1 | -93.6 | -26.8 | -37.4 | 53.9 |
| Price to sales | 74.6 | 21.3 | 7.0 | 8.4 | 9.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.17 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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