D 
0.86
-0.58%
Close of 9 Nov 2026, in HKD
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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¥5.70bn
FY2018FY2025
Net income
−CN¥57.2m
FY2018FY2025
Free cash flow
CN¥143.0m
FY2018FY2025
Shareholders' equity
CN¥1.94bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.70bn | CN¥4.67bn | CN¥4.86bn | CN¥4.33bn | CN¥3.68bn | CN¥2.23bn | CN¥1.26bn | CN¥607.6m |
| Gross profit | CN¥2.01bn | CN¥1.54bn | CN¥1.51bn | CN¥1.69bn | CN¥1.24bn | CN¥776.8m | CN¥463.2m | CN¥215.3m |
| Research and development | CN¥63.4m | CN¥61.2m | CN¥65.0m | CN¥89.0m | CN¥96.2m | CN¥82.1m | CN¥51.6m | CN¥31.6m |
| Operating income | −CN¥62.4m | −CN¥215.2m | −CN¥278.2m | −CN¥326.4m | −CN¥660.6m | −CN¥163.0m | −CN¥116.9m | −CN¥67.9m |
| Net income | −CN¥57.2m | −CN¥376.5m | −CN¥225.8m | −CN¥2.83bn | −CN¥1.58bn | −CN¥924.3m | −CN¥272.7m | −CN¥111.8m |
| Diluted earnings per share | -0.04 | -0.28 | -0.17 | -2.69 | -1.98 | -3.62 | -1.07 | -0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.31bn | CN¥3.07bn | CN¥3.58bn | CN¥4.32bn | CN¥4.20bn | CN¥2.12bn | CN¥843.6m | CN¥348.7m |
| Cash and short-term investments | CN¥1.30bn | CN¥1.42bn | CN¥1.55bn | CN¥1.57bn | CN¥1.81bn | CN¥582.1m | CN¥210.2m | CN¥128.2m |
| Total liabilities | CN¥1.35bn | CN¥1.11bn | CN¥1.20bn | CN¥1.44bn | CN¥7.90bn | CN¥3.67bn | CN¥1.33bn | CN¥510.0m |
| Debt | CN¥89.2m | CN¥152.6m | CN¥140.2m | CN¥163.1m | CN¥4.81bn | CN¥2.48bn | CN¥882.9m | CN¥164.5m |
| Shareholders' equity | CN¥1.94bn | CN¥1.94bn | CN¥2.62bn | CN¥2.55bn | −CN¥3.05bn | −CN¥1.36bn | −CN¥500.1m | −CN¥170.5m |
| Shares outstanding | 1,298m | 1,322m | 1,336m | 1,051m | 798m | 255m | 255m | 255m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥180.4m | −CN¥11.4m | −CN¥6.1m | −CN¥277.5m | −CN¥344.7m | −CN¥193.0m | −CN¥305.1m | CN¥8.0m |
| Capital spending | −CN¥37.4m | −CN¥25.1m | −CN¥24.0m | −CN¥40.7m | −CN¥41.2m | −CN¥25.7m | −CN¥31.3m | −CN¥11.4m |
| Free cash flow | CN¥143.0m | −CN¥36.5m | −CN¥30.1m | −CN¥318.2m | −CN¥385.9m | −CN¥218.7m | −CN¥336.4m | −CN¥3.4m |
| Dividends paid | — | — | — | — | — | −CN¥7.1m | −CN¥5.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.41bn | CN¥1.41bn | CN¥1.49bn | CN¥1.49bn | CN¥1.36bn | CN¥1.36bn | CN¥1.20bn | CN¥1.40bn |
| Gross profit | CN¥512.9m | CN¥512.9m | CN¥529.5m | CN¥529.5m | CN¥475.9m | CN¥475.9m | CN¥393.3m | CN¥458.9m |
| Operating income | CN¥2.6m | CN¥2.6m | CN¥3.8m | CN¥3.8m | −CN¥35.0m | −CN¥35.0m | −CN¥52.4m | −CN¥61.1m |
| Net income | −CN¥37.5m | −CN¥37.5m | CN¥1.5m | CN¥1.5m | −CN¥30.1m | −CN¥30.1m | −CN¥146.0m | −CN¥170.3m |
| Diluted earnings per share | -0.03 | -0.03 | 0.00 | 0.00 | -0.02 | -0.02 | -0.11 | -0.13 |
| Cash from operations | CN¥97.0m | CN¥97.0m | −CN¥29.0m | −CN¥29.0m | CN¥109.0m | CN¥109.0m | −CN¥50.0m | −CN¥50.0m |
| Capital spending | — | — | −CN¥9.0m | −CN¥9.0m | −CN¥5.0m | −CN¥5.0m | −CN¥8.0m | −CN¥8.0m |
| Free cash flow | — | — | −CN¥38.0m | −CN¥38.0m | CN¥104.0m | CN¥104.0m | −CN¥58.0m | −CN¥58.0m |
| Total assets | CN¥3.31bn | CN¥3.31bn | CN¥3.31bn | CN¥3.31bn | CN¥3.37bn | CN¥3.37bn | CN¥3.07bn | CN¥3.07bn |
| Cash and short-term investments | CN¥1.32bn | CN¥1.32bn | CN¥1.30bn | CN¥1.27bn | CN¥1.59bn | CN¥1.59bn | CN¥1.42bn | CN¥1.42bn |
| Debt | CN¥88.4m | CN¥88.4m | CN¥89.2m | CN¥89.2m | CN¥307.0m | CN¥73.4m | CN¥178.0m | CN¥64.1m |
| Shareholders' equity | CN¥1.78bn | CN¥1.78bn | CN¥1.94bn | CN¥1.94bn | CN¥1.93bn | CN¥1.93bn | CN¥1.94bn | CN¥1.94bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.6% | 20.7% | — |
| Operating income | -42.4% | -17.5% | — |
| Net income | -72.8% | -42.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.2% | 34.5% | 34.4% | — |
| Operating margin | -2.7% | -4.5% | -6.7% | — |
| Net margin | -4.2% | -17.9% | -23.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -21.0 | -1.5 | -10.2 | -3.7 |
| Price to sales | 0.2 | 0.1 | 0.5 | 2.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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