A 
1.58
+0.64%
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¥1.52bn
FY2017FY2025
Net income
−CN¥42.8m
FY2017FY2025
Free cash flow
−CN¥85.3m
FY2017FY2025
Shareholders' equity
CN¥2.35bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.52bn | CN¥1.14bn | CN¥908.5m | CN¥681.1m | CN¥1.07bn | CN¥1.41bn | CN¥1.24bn | CN¥1.01bn | CN¥1.53bn |
| Gross profit | CN¥1.08bn | CN¥826.0m | CN¥650.4m | CN¥494.0m | CN¥832.0m | CN¥1.08bn | CN¥1.04bn | CN¥812.2m | CN¥1.21bn |
| Research and development | CN¥622.0m | CN¥532.1m | CN¥582.2m | CN¥870.3m | CN¥822.8m | CN¥630.2m | CN¥453.9m | CN¥382.1m | CN¥531.1m |
| Operating income | −CN¥106.2m | −CN¥341.4m | −CN¥357.0m | −CN¥899.6m | −CN¥337.5m | CN¥96.9m | CN¥393.0m | CN¥362.6m | CN¥327.7m |
| Net income | −CN¥42.8m | −CN¥287.2m | −CN¥315.6m | −CN¥896.2m | −CN¥353.7m | −CN¥885.1m | CN¥139.2m | −CN¥86.9m | −CN¥185.6m |
| Diluted earnings per share | -0.05 | -0.37 | -0.40 | -1.14 | -0.45 | -1.18 | 0.21 | -0.11 | -0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.11bn | CN¥3.03bn | CN¥3.20bn | CN¥3.44bn | CN¥4.10bn | CN¥4.67bn | CN¥2.22bn | CN¥1.81bn | CN¥2.00bn |
| Cash and short-term investments | CN¥2.12bn | CN¥1.85bn | CN¥2.31bn | CN¥2.37bn | CN¥3.15bn | CN¥3.89bn | CN¥1.40bn | CN¥1.31bn | CN¥1.49bn |
| Total liabilities | CN¥764.0m | CN¥575.0m | CN¥477.7m | CN¥423.4m | CN¥410.1m | CN¥527.7m | CN¥2.02bn | CN¥1.74bn | CN¥1.59bn |
| Debt | CN¥32.4m | CN¥15.5m | CN¥44.3m | CN¥102.7m | CN¥135.9m | CN¥164.8m | CN¥1.30bn | CN¥1.08bn | CN¥923.4m |
| Shareholders' equity | CN¥2.35bn | CN¥2.45bn | CN¥2.72bn | CN¥3.02bn | CN¥3.69bn | CN¥4.14bn | CN¥198.4m | CN¥62.8m | CN¥412.1m |
| Shares outstanding | 789m | 784m | 786m | 785m | 792m | 747m | 661m | 787m | 787m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥61.5m | −CN¥188.0m | −CN¥92.7m | −CN¥600.0m | −CN¥177.0m | CN¥532.7m | CN¥117.3m | CN¥157.9m | CN¥729.6m |
| Capital spending | −CN¥23.8m | −CN¥20.8m | −CN¥5.1m | −CN¥12.9m | −CN¥28.9m | −CN¥16.5m | −CN¥6.7m | −CN¥22.7m | −CN¥41.4m |
| Free cash flow | −CN¥85.3m | −CN¥208.8m | −CN¥97.9m | −CN¥612.9m | −CN¥205.9m | CN¥516.2m | CN¥110.6m | CN¥135.2m | CN¥688.2m |
| Dividends paid | — | — | — | — | −CN¥56.2m | −CN¥387.7m | −CN¥387.7m | −CN¥379.0m | −CN¥233.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥699.9m | CN¥781.3m | CN¥739.7m | CN¥701.6m | CN¥439.4m | CN¥506.2m | CN¥469.1m | CN¥296.5m |
| Gross profit | CN¥505.1m | CN¥550.8m | CN¥528.0m | CN¥504.3m | CN¥321.7m | CN¥346.8m | CN¥347.2m | CN¥210.9m |
| Operating income | −CN¥114.0m | −CN¥63.4m | −CN¥42.9m | −CN¥187.4m | −CN¥154.0m | −CN¥115.1m | −CN¥261.0m | −CN¥493.1m |
| Net income | −CN¥78.8m | −CN¥29.1m | −CN¥13.7m | −CN¥153.2m | −CN¥134.0m | −CN¥82.5m | −CN¥271.7m | −CN¥536.0m |
| Diluted earnings per share | -0.10 | -0.04 | -0.02 | -0.20 | -0.17 | -0.10 | -0.35 | -0.68 |
| Cash from operations | −CN¥166.0m | CN¥2.0m | −CN¥42.0m | −CN¥119.0m | −CN¥68.0m | CN¥94.0m | −CN¥187.0m | −CN¥318.0m |
| Capital spending | −CN¥27.0m | — | −CN¥5.0m | −CN¥20.0m | — | −CN¥1.0m | — | −CN¥4.0m |
| Free cash flow | −CN¥193.0m | — | −CN¥47.0m | −CN¥139.0m | — | CN¥93.0m | — | −CN¥322.0m |
| Total assets | CN¥2.91bn | CN¥3.11bn | CN¥3.15bn | CN¥2.60bn | CN¥3.10bn | CN¥2.74bn | CN¥3.34bn | CN¥3.44bn |
| Cash and short-term investments | CN¥1.71bn | CN¥2.12bn | CN¥1.86bn | CN¥1.58bn | CN¥2.14bn | CN¥1.98bn | CN¥2.29bn | CN¥2.37bn |
| Debt | CN¥32.7m | CN¥32.4m | CN¥159.9m | CN¥15.5m | CN¥37.2m | CN¥44.3m | CN¥33.1m | CN¥119.8m |
| Shareholders' equity | CN¥2.16bn | CN¥2.35bn | CN¥2.41bn | CN¥2.11bn | CN¥2.60bn | CN¥2.33bn | CN¥2.85bn | CN¥3.02bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.5% | 30.2% | — |
| Operating income | -50.9% | — | — |
| Net income | -63.7% | -45.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.6% | 71.7% | 73.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -25.5 | -3.3 | -4.2 | -2.9 | -15.6 | -15.4 |
| Price to sales | 0.7 | 0.8 | 1.4 | 3.9 | 5.2 | 33.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.074 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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