G 
9.67
-2.13%
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¥1.43bn
FY2016FY2025
Net income
−CN¥432.4m
FY2016FY2025
Free cash flow
CN¥82.6m
FY2016FY2025
Shareholders' equity
CN¥4.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.43bn | CN¥1.96bn | CN¥6.88bn | CN¥13.94bn | CN¥5.51bn | CN¥1.04bn | CN¥2.43bn | CN¥2.65bn | CN¥1.31bn | CN¥484.1m |
| Gross profit | −CN¥455.5m | −CN¥445.4m | CN¥358.9m | CN¥1.89bn | CN¥811.3m | CN¥49.3m | CN¥232.4m | CN¥244.3m | CN¥185.9m | CN¥67.8m |
| Research and development | CN¥94.2m | CN¥90.1m | CN¥82.6m | CN¥251.0m | CN¥149.4m | CN¥65.0m | CN¥66.7m | CN¥56.5m | CN¥51.2m | — |
| Operating income | −CN¥455.5m | −CN¥597.3m | CN¥113.6m | CN¥1.54bn | CN¥540.0m | −CN¥154.5m | CN¥90.9m | CN¥77.0m | CN¥52.4m | CN¥1.8m |
| Net income | −CN¥432.4m | −CN¥527.7m | CN¥102.7m | CN¥1.27bn | CN¥412.6m | −CN¥169.5m | CN¥33.8m | CN¥67.8m | CN¥46.7m | CN¥4.1m |
| Diluted earnings per share | -0.87 | -1.05 | 0.27 | 2.86 | 0.93 | -0.51 | 0.07 | 0.14 | 0.40 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.57bn | CN¥7.81bn | CN¥9.63bn | CN¥11.07bn | CN¥6.95bn | CN¥4.26bn | CN¥3.56bn | CN¥3.49bn | CN¥2.51bn | CN¥842.8m |
| Cash and short-term investments | CN¥1.86bn | CN¥2.23bn | CN¥2.84bn | CN¥1.90bn | CN¥1.47bn | CN¥297.5m | CN¥240.1m | CN¥444.6m | CN¥896.6m | CN¥26.1m |
| Total liabilities | −CN¥4.09bn | CN¥3.39bn | CN¥5.74bn | CN¥6.98bn | CN¥4.02bn | CN¥2.98bn | CN¥2.11bn | CN¥2.59bn | CN¥1.60bn | CN¥600.9m |
| Debt | CN¥1.04bn | CN¥1.32bn | CN¥1.93bn | CN¥2.22bn | CN¥1.94bn | CN¥1.70bn | CN¥1.12bn | CN¥1.36bn | CN¥872.8m | CN¥388.0m |
| Shareholders' equity | CN¥4.09bn | CN¥4.42bn | CN¥3.88bn | CN¥4.09bn | CN¥2.93bn | CN¥1.28bn | CN¥1.45bn | CN¥902.9m | CN¥850.1m | CN¥241.9m |
| Shares outstanding | 498m | 505m | 376m | 444m | 443m | 332m | 498m | 498m | 116m | 101m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥161.9m | −CN¥1.39bn | CN¥1.62bn | CN¥1.16bn | CN¥95.8m | −CN¥190.9m | −CN¥19.1m | −CN¥225.2m | CN¥41.2m | −CN¥35.8m |
| Capital spending | −CN¥79.3m | −CN¥149.8m | −CN¥258.5m | −CN¥844.7m | −CN¥297.9m | −CN¥157.5m | −CN¥351.0m | −CN¥482.0m | −CN¥366.5m | −CN¥9.4m |
| Free cash flow | CN¥82.6m | −CN¥1.54bn | CN¥1.36bn | CN¥312.0m | −CN¥202.1m | −CN¥348.4m | −CN¥370.0m | −CN¥707.1m | −CN¥325.4m | −CN¥45.2m |
| Dividends paid | −CN¥55.5m | −CN¥88.0m | −CN¥310.1m | −CN¥188.0m | −CN¥74.5m | −CN¥72.0m | −CN¥70.1m | −CN¥67.4m | −CN¥28.3m | −CN¥18.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥466.7m | CN¥183.0m | CN¥361.7m | CN¥353.9m | CN¥441.2m | CN¥271.6m | CN¥501.8m | CN¥487.0m |
| Gross profit | −CN¥7.5m | −CN¥37.5m | −CN¥293.7m | −CN¥16.7m | −CN¥84.8m | −CN¥60.3m | −CN¥272.8m | CN¥7.2m |
| Operating income | −CN¥63.0m | −CN¥85.2m | −CN¥64.9m | −CN¥134.9m | −CN¥141.0m | −CN¥114.8m | −CN¥236.6m | −CN¥144.1m |
| Net income | −CN¥78.7m | −CN¥95.6m | −CN¥99.5m | −CN¥115.4m | −CN¥119.7m | −CN¥97.7m | −CN¥196.4m | −CN¥128.2m |
| Diluted earnings per share | -0.16 | -0.19 | -0.20 | -0.23 | -0.24 | -0.20 | -0.39 | -0.25 |
| Cash from operations | — | — | — | −CN¥99.0m | −CN¥372.0m | CN¥335.0m | — | −CN¥312.0m |
| Capital spending | −CN¥13.0m | −CN¥1.0m | −CN¥24.0m | −CN¥4.0m | −CN¥31.0m | −CN¥19.0m | −CN¥48.0m | −CN¥14.0m |
| Free cash flow | — | — | — | −CN¥103.0m | −CN¥403.0m | CN¥316.0m | — | −CN¥326.0m |
| Total assets | CN¥6.29bn | CN¥6.57bn | CN¥6.57bn | CN¥6.82bn | CN¥7.27bn | CN¥7.79bn | CN¥7.81bn | CN¥7.96bn |
| Cash and short-term investments | — | — | CN¥1.86bn | CN¥1.86bn | CN¥2.25bn | CN¥2.60bn | CN¥2.23bn | CN¥2.04bn |
| Debt | CN¥1.04bn | CN¥1.04bn | CN¥1.04bn | CN¥1.26bn | CN¥1.69bn | CN¥1.36bn | CN¥1.32bn | CN¥1.35bn |
| Shareholders' equity | CN¥3.81bn | CN¥3.89bn | CN¥4.09bn | CN¥4.09bn | CN¥4.20bn | CN¥4.32bn | CN¥4.42bn | CN¥4.61bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -31.9% | -22.7% | 5.2% | 13.5% | 14.7% | 4.8% |
| Operating margin | -31.8% | -28.6% | 3.0% | 11.2% | 9.9% | -14.8% |
| Net margin | -30.3% | -26.9% | 1.5% | 9.1% | 7.5% | -16.4% |
| Return on equity | -10.6% | -11.9% | 2.6% | 31.1% | 14.1% | -13.2% |
| Return on assets | -6.6% | -6.8% | 1.1% | 11.5% | 5.9% | -4.0% |
| Free cash flow yield | 4.3% | -22.1% | 44.8% | 40.4% | 8.0% | -0.9% |
| Revenue growth | -27.2% | -71.5% | -50.7% | 152.7% | 432.1% | -57.3% |
| Earnings growth | -18.1% | -613.9% | -91.9% | 208.4% | -343.3% | -602.2% |
| Current ratio | 2.38x | 1.63x | 1.42x | 1.44x | 1.43x | 1.29x |
| Debt to equity | 0.25x | 0.30x | 0.50x | 0.48x | 0.66x | 1.27x |
| Equity ratio | 62.2% | 56.6% | 40.3% | 36.9% | 42.1% | 30.1% |
| Interest coverage | -8.13x | -8.00x | 2.10x | 14.53x | 6.47x | -3.00x |
| R&D as a share of sales | 6.6% | 4.6% | 1.2% | 1.8% | 2.7% | 6.3% |
| Buybacks as a share of market value | 1.2% | -34.2% | 15.4% | -0.3% | -33.4% | -185.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -53.2% | 6.6% | 12.3% |
| Operating income | — | 24.1% | 46.3% |
| Net income | — | 20.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -26.6% | 5.6% | 7.2% | 7.9% |
| Operating margin | -31.1% | 2.5% | 3.2% | 3.2% |
| Net margin | -28.3% | 1.7% | 2.1% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -16.0 | -10.5 | 75.1 | 15.7 | 54.1 |
| Price to sales | 4.8 | 2.8 | 1.1 | 1.4 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.05 | 0.70 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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