M 
6.77
-2.03%
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¥9.34bn
FY2017FY2025
Net income
CN¥228.0m
FY2017FY2025
Free cash flow
CN¥106.6m
FY2017FY2025
Shareholders' equity
CN¥7.26bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.34bn | CN¥5.54bn | CN¥10.73bn | CN¥17.98bn | CN¥6.84bn | CN¥2.01bn | CN¥2.77bn | CN¥2.64bn | CN¥1.69bn |
| Gross profit | CN¥86.6m | CN¥46.9m | CN¥331.4m | CN¥2.46bn | CN¥1.14bn | CN¥285.7m | CN¥451.8m | CN¥411.4m | CN¥339.4m |
| Research and development | CN¥267.7m | CN¥232.6m | CN¥376.6m | CN¥660.5m | CN¥286.5m | CN¥102.2m | CN¥165.2m | CN¥118.2m | CN¥54.6m |
| Operating income | CN¥86.6m | −CN¥368.0m | −CN¥218.3m | CN¥1.65bn | CN¥775.4m | CN¥110.1m | CN¥218.2m | CN¥199.0m | CN¥209.8m |
| Net income | CN¥228.0m | −CN¥507.6m | −CN¥124.5m | CN¥1.49bn | CN¥700.6m | CN¥109.8m | CN¥206.2m | CN¥181.0m | CN¥179.2m |
| Diluted earnings per share | 0.15 | -0.25 | -0.04 | 0.72 | 0.39 | 0.35 | 0.14 | 0.12 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.17bn | CN¥12.85bn | CN¥14.16bn | CN¥17.66bn | CN¥9.40bn | CN¥4.67bn | CN¥3.89bn | CN¥3.48bn | CN¥2.35bn |
| Cash and short-term investments | — | CN¥2.65bn | CN¥3.84bn | CN¥4.89bn | CN¥1.28bn | CN¥237.7m | CN¥366.4m | CN¥396.9m | CN¥146.2m |
| Total liabilities | CN¥8.92bn | CN¥5.81bn | CN¥6.61bn | CN¥9.54bn | CN¥2.88bn | CN¥1.50bn | CN¥826.3m | CN¥807.1m | CN¥1.45bn |
| Debt | CN¥3.29bn | CN¥3.18bn | CN¥3.61bn | CN¥3.57bn | CN¥43.7m | CN¥13.0m | CN¥5.0m | CN¥2.0m | CN¥702.8m |
| Shareholders' equity | CN¥7.26bn | CN¥7.04bn | CN¥7.55bn | CN¥8.12bn | CN¥6.52bn | CN¥3.18bn | CN¥3.07bn | CN¥2.68bn | CN¥904.3m |
| Shares outstanding | 1,571m | 2,060m | 2,880m | 2,080m | 1,804m | 317m | 1,447m | 1,571m | 1,571m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥239.2m | CN¥262.5m | CN¥106.1m | CN¥303.1m | −CN¥632.2m | CN¥44.6m | CN¥55.7m | CN¥144.7m | CN¥6.6m |
| Capital spending | −CN¥132.6m | −CN¥338.5m | −CN¥649.0m | −CN¥468.0m | −CN¥958.1m | −CN¥223.8m | −CN¥159.6m | −CN¥791.5m | −CN¥145.3m |
| Free cash flow | CN¥106.6m | −CN¥76.1m | −CN¥542.9m | −CN¥164.9m | −CN¥1.59bn | −CN¥179.2m | −CN¥103.8m | −CN¥646.8m | −CN¥138.7m |
| Dividends paid | −CN¥32.5m | −CN¥23.2m | −CN¥458.1m | −CN¥215.0m | −CN¥1.0m | −CN¥626,100 | −CN¥109.9m | −CN¥42.1m | −CN¥20.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.80bn | CN¥3.01bn | CN¥4.29bn | CN¥2.15bn | CN¥1.50bn | CN¥1.41bn | CN¥1.77bn | CN¥1.27bn |
| Gross profit | CN¥586.9m | CN¥289.2m | −CN¥264.9m | CN¥169.3m | CN¥144.0m | CN¥38.2m | −CN¥149.3m | −CN¥3.9m |
| Operating income | CN¥483.3m | CN¥199.1m | CN¥118.8m | CN¥17.2m | CN¥81.1m | −CN¥65.7m | −CN¥349.4m | −CN¥111.4m |
| Net income | CN¥296.4m | CN¥81.2m | CN¥248.1m | CN¥6.7m | CN¥37.0m | −CN¥63.9m | −CN¥335.1m | −CN¥106.5m |
| Diluted earnings per share | 0.19 | 0.05 | 0.16 | 0.00 | 0.02 | -0.04 | -0.16 | -0.05 |
| Cash from operations | — | — | — | — | CN¥346.0m | −CN¥250.0m | — | — |
| Capital spending | −CN¥4.0m | −CN¥15.0m | −CN¥14.0m | — | −CN¥44.0m | −CN¥53.0m | −CN¥65.0m | −CN¥64.0m |
| Free cash flow | — | — | — | — | CN¥302.0m | −CN¥303.0m | — | — |
| Total assets | CN¥17.73bn | CN¥16.82bn | CN¥16.17bn | CN¥14.12bn | CN¥13.38bn | CN¥13.10bn | CN¥12.85bn | CN¥12.96bn |
| Cash and short-term investments | — | — | — | CN¥2.97bn | CN¥2.66bn | CN¥2.36bn | CN¥2.65bn | CN¥2.76bn |
| Debt | CN¥3.36bn | CN¥3.33bn | CN¥3.29bn | CN¥2.12bn | CN¥3.25bn | CN¥3.22bn | CN¥3.18bn | CN¥4.26bn |
| Shareholders' equity | CN¥7.55bn | CN¥7.34bn | CN¥7.26bn | CN¥7.02bn | CN¥7.02bn | CN¥6.98bn | CN¥7.04bn | CN¥7.38bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.9% | 0.8% | 3.1% | 13.7% | 16.7% | 14.2% |
| Operating margin | 0.9% | -6.6% | -2.0% | 9.2% | 11.3% | 5.5% |
| Net margin | 2.4% | -9.2% | -1.2% | 8.3% | 10.2% | 5.5% |
| Return on equity | 3.1% | -7.2% | -1.6% | 18.3% | 10.7% | 3.5% |
| Return on assets | 1.4% | -4.0% | -0.9% | 8.4% | 7.5% | 2.4% |
| Free cash flow yield | 3.2% | 3.9% | 3.5% | 5.0% | 2.4% | 11.3% |
| Revenue growth | 68.6% | -48.4% | -40.3% | 162.8% | 240.2% | -27.3% |
| Earnings growth | -144.9% | 307.8% | -108.4% | 112.6% | 538.2% | -46.8% |
| Current ratio | 2.03x | 3.24x | 2.69x | 2.28x | 2.34x | 1.94x |
| Debt to equity | 0.45x | 0.64x | 0.47x | 0.44x | 0.15x | 0.00x |
| Equity ratio | 44.9% | 54.8% | 53.3% | 46.0% | 69.4% | 68.0% |
| Interest coverage | 0.62x | -2.51x | -2.53x | 47.19x | 61.28x | 112.38x |
| R&D as a share of sales | 2.9% | 4.2% | 3.5% | 3.7% | 4.2% | 5.1% |
| Buybacks as a share of market value | 23.8% | 28.5% | -38.5% | -15.3% | -469.1% | 78.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.6% | 36.0% | — |
| Operating income | -62.5% | -4.7% | — |
| Net income | -46.5% | 15.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.9% | 6.7% | 8.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 51.6 | -21.6 | -168.9 | 20.4 | 60.4 |
| Price to sales | 1.3 | 2.0 | 2.0 | 1.7 | 6.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.232 | 0.109 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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