G 
44.20
+1.28%
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¥279.5m
FY2017FY2025
Net income
−CN¥96.2m
FY2017FY2025
Free cash flow
−CN¥124.1m
FY2017FY2025
Shareholders' equity
CN¥1.75bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥279.5m | CN¥536.7m | CN¥745.4m | CN¥911.4m | CN¥590.4m | CN¥445.9m | CN¥354.9m | CN¥368.4m | CN¥261.7m |
| Research and development | CN¥32.8m | CN¥36.6m | CN¥39.1m | CN¥44.7m | CN¥25.5m | CN¥23.4m | CN¥20.1m | CN¥16.4m | CN¥19.6m |
| Operating income | −CN¥112.2m | CN¥51.6m | CN¥96.9m | CN¥186.8m | CN¥190.2m | CN¥113.2m | CN¥48.6m | CN¥30.2m | CN¥28.1m |
| Net income | −CN¥96.2m | CN¥47.1m | CN¥90.4m | CN¥166.1m | CN¥165.0m | CN¥95.4m | CN¥42.1m | CN¥19.3m | CN¥24.3m |
| Diluted earnings per share | -0.89 | 0.42 | 0.83 | 1.52 | 1.54 | 1.15 | 0.39 | 0.18 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.35bn | CN¥2.45bn | CN¥2.36bn | CN¥2.25bn | CN¥2.02bn | CN¥871.4m | CN¥772.6m | CN¥796.4m | CN¥1.08bn |
| Cash and short-term investments | — | CN¥997.3m | CN¥980.3m | CN¥989.9m | CN¥1.10bn | CN¥151.8m | CN¥132.7m | CN¥99.8m | CN¥249.1m |
| Total liabilities | CN¥606.2m | CN¥599.4m | CN¥527.5m | CN¥504.5m | CN¥393.0m | CN¥319.2m | CN¥257.6m | CN¥285.1m | CN¥369.6m |
| Debt | — | CN¥376,821 | CN¥1.2m | CN¥32.1m | CN¥31.1m | CN¥30.0m | CN¥5.6m | CN¥30.0m | CN¥60.0m |
| Shareholders' equity | CN¥1.75bn | CN¥1.85bn | CN¥1.84bn | CN¥1.74bn | CN¥1.63bn | CN¥552.2m | CN¥515.0m | CN¥509.9m | CN¥702.5m |
| Shares outstanding | 108m | 113m | 109m | 109m | 107m | 83m | 108m | 108m | 108m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥13.6m | CN¥116.5m | CN¥85.1m | CN¥11.7m | CN¥51.5m | CN¥37.3m | CN¥71.0m | CN¥63.6m | CN¥42.8m |
| Capital spending | −CN¥110.6m | −CN¥77.0m | −CN¥63.5m | −CN¥65.9m | −CN¥11.8m | −CN¥5.1m | −CN¥25.3m | −CN¥176,374 | −CN¥4.8m |
| Free cash flow | −CN¥124.1m | CN¥39.5m | CN¥21.7m | −CN¥54.2m | CN¥39.7m | CN¥32.2m | CN¥45.6m | CN¥63.4m | CN¥38.0m |
| Dividends paid | −CN¥20.0m | −CN¥41.7m | −CN¥392,065 | −CN¥50.0m | −CN¥1.4m | −CN¥60.9m | −CN¥5.3m | −CN¥126.9m | −CN¥14.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥86.5m | CN¥51.1m | CN¥25.8m | CN¥22.9m | CN¥125.9m | CN¥105.0m | CN¥82.3m | CN¥103.5m |
| Operating income | −CN¥6.8m | −CN¥16.5m | −CN¥68.0m | −CN¥30.6m | −CN¥16.1m | CN¥2.5m | CN¥5.6m | −CN¥14.5m |
| Net income | −CN¥32.5m | −CN¥40.1m | −CN¥56.2m | −CN¥27.7m | −CN¥14.4m | CN¥2.1m | CN¥3.8m | −CN¥7.6m |
| Diluted earnings per share | -0.30 | -0.37 | -0.52 | -0.26 | -0.13 | 0.02 | 0.03 | -0.07 |
| Cash from operations | — | — | — | −CN¥33.0m | CN¥2.0m | −CN¥21.0m | CN¥105.0m | — |
| Capital spending | −CN¥17.0m | −CN¥34.0m | −CN¥9.0m | −CN¥41.0m | −CN¥23.0m | −CN¥35.0m | — | −CN¥25.0m |
| Free cash flow | — | — | — | −CN¥74.0m | −CN¥21.0m | −CN¥56.0m | — | — |
| Total assets | CN¥2.24bn | CN¥2.30bn | CN¥2.35bn | CN¥2.41bn | CN¥2.45bn | CN¥2.42bn | CN¥2.45bn | CN¥2.41bn |
| Cash and short-term investments | — | — | — | CN¥284.4m | CN¥360.5m | CN¥381.2m | CN¥456.4m | CN¥890.2m |
| Debt | — | — | — | CN¥18.3m | — | — | — | — |
| Shareholders' equity | CN¥1.67bn | CN¥1.71bn | CN¥1.75bn | CN¥1.82bn | CN¥1.84bn | CN¥1.85bn | CN¥1.85bn | CN¥1.87bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -40.1% | 9.6% | 13.0% | 20.5% | 32.2% | 25.4% | — | — |
| Net margin | -34.4% | 8.8% | 12.1% | 18.2% | 27.9% | 21.4% | — | — |
| Return on equity | -5.5% | 2.5% | 4.9% | 9.5% | 10.1% | 17.3% | — | — |
| Return on assets | -4.1% | 1.9% | 3.8% | 7.4% | 8.2% | 10.9% | — | — |
| Free cash flow yield | 1.9% | 3.6% | 2.9% | 1.5% | 1.2% | 1.1% | — | — |
| Revenue growth | -47.9% | -28.0% | -18.2% | 54.4% | 32.4% | 25.6% | — | — |
| Earnings growth | -304.5% | -47.9% | -45.6% | 0.7% | 72.9% | 126.8% | — | — |
| Current ratio | 3.87x | 4.30x | 5.02x | 5.14x | 6.47x | 3.29x | — | — |
| Debt to equity | — | — | — | 0.02x | 0.02x | 0.05x | 0.06x | 0.09x |
| Equity ratio | 74.2% | 75.5% | 77.7% | 77.6% | 80.5% | 63.4% | — | — |
| Interest coverage | -3692.62x | 346.88x | 202.74x | 141.31x | 122.05x | 109.84x | — | — |
| R&D as a share of sales | 11.7% | 6.8% | 5.2% | 4.9% | 4.3% | 5.3% | — | — |
| Buybacks as a share of market value | 4.3% | -4.1% | 0.8% | -2.0% | -29.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -32.6% | -8.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -113.3 | 113.7 | 117.1 | 82.4 | 90.8 |
| Price to sales | 39.0 | 10.0 | 14.2 | 15.0 | 25.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 24 Jan 2025.
| FY2024 | FY2022 | |
|---|---|---|
| Paid in the year | 0.385 | 0.461 |
- 7-for-5 split · 26 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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