G 
2.38
+2.59%
Close of 9 Nov 2026, in USD
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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¥6.15bn
FY2017FY2025
Net income
−CN¥323.3m
FY2017FY2025
Free cash flow
CN¥246.6m
FY2017FY2025
Shareholders' equity
CN¥1.25bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.15bn | CN¥4.55bn | CN¥2.96bn | CN¥2.50bn | CN¥6.56bn | CN¥7.12bn | CN¥2.11bn | CN¥397.3m | CN¥97.6m |
| Research and development | CN¥626.9m | CN¥648.1m | CN¥462.0m | CN¥445.1m | CN¥1.25bn | CN¥734.5m | CN¥212.2m | CN¥74.0m | CN¥52.5m |
| Operating income | −CN¥503.2m | −CN¥1.18bn | −CN¥149.0m | −CN¥118.1m | −CN¥3.18bn | −CN¥1.76bn | CN¥215.7m | CN¥19.2m | −CN¥92.4m |
| Net income | −CN¥323.3m | −CN¥1.05bn | −CN¥7.3m | CN¥13.2m | −CN¥3.10bn | −CN¥1.39bn | CN¥226.6m | CN¥19.6m | −CN¥87.0m |
| Diluted earnings per share | -0.90 | -4.13 | -0.03 | 0.03 | -7.87 | -3.83 | 0.61 | 0.06 | -0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.20bn | CN¥5.83bn | CN¥5.41bn | CN¥4.88bn | CN¥5.02bn | CN¥10.69bn | CN¥3.39bn | CN¥338.2m | CN¥103.2m |
| Cash and short-term investments | CN¥3.42bn | CN¥3.17bn | CN¥2.89bn | CN¥3.74bn | CN¥3.50bn | CN¥7.69bn | CN¥1.55bn | CN¥231.3m | CN¥27.3m |
| Total liabilities | CN¥4.95bn | CN¥3.89bn | CN¥2.31bn | CN¥1.78bn | CN¥2.14bn | CN¥4.96bn | CN¥1.84bn | CN¥830.7m | CN¥582.6m |
| Debt | CN¥585.7m | CN¥492.2m | CN¥188.1m | CN¥82.5m | CN¥356.0m | CN¥796.8m | CN¥254.2m | — | — |
| Shareholders' equity | CN¥1.25bn | CN¥1.93bn | CN¥3.11bn | CN¥3.10bn | CN¥2.88bn | CN¥5.73bn | CN¥1.56bn | −CN¥492.5m | −CN¥479.4m |
| Shares outstanding | 361m | 254m | 259m | 389m | 394m | 364m | 373m | 357m | 356m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥416.1m | CN¥258.0m | CN¥353.7m | CN¥373.7m | −CN¥4.19bn | CN¥603.3m | CN¥1.29bn | CN¥241.9m | −CN¥49.6m |
| Capital spending | −CN¥169.5m | −CN¥178.2m | −CN¥40.8m | −CN¥129.9m | −CN¥272.3m | −CN¥284.1m | −CN¥61.3m | −CN¥12.1m | −CN¥370,000 |
| Free cash flow | CN¥246.6m | CN¥79.8m | CN¥312.9m | CN¥243.9m | −CN¥4.46bn | CN¥319.2m | CN¥1.22bn | CN¥229.7m | −CN¥50.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.67bn | CN¥1.68bn | CN¥1.66bn | CN¥1.58bn | CN¥1.39bn | CN¥1.49bn | CN¥1.39bn | CN¥1.21bn |
| Operating income | −CN¥149.4m | CN¥6.8m | −CN¥116.4m | −CN¥178.0m | −CN¥241.9m | CN¥34.8m | −CN¥149.3m | −CN¥490.1m |
| Net income | −CN¥135.5m | CN¥34.3m | −CN¥83.0m | −CN¥147.1m | −CN¥216.0m | CN¥124.0m | −CN¥135.8m | −CN¥471.3m |
| Diluted earnings per share | -0.38 | 0.10 | -0.23 | -0.41 | -0.60 | 0.34 | -0.54 | -1.86 |
| Cash from operations | — | CN¥416.0m | CN¥416.0m | — | — | — | — | — |
| Capital spending | — | −CN¥169.0m | −CN¥169.0m | — | — | — | — | — |
| Free cash flow | — | CN¥247.0m | CN¥247.0m | — | — | — | — | — |
| Total assets | CN¥6.31bn | CN¥5.51bn | CN¥6.20bn | CN¥5.11bn | CN¥5.87bn | CN¥5.19bn | CN¥5.83bn | CN¥5.21bn |
| Cash and short-term investments | CN¥3.35bn | CN¥2.73bn | CN¥3.42bn | CN¥2.41bn | CN¥3.41bn | CN¥2.44bn | CN¥3.17bn | CN¥2.34bn |
| Debt | CN¥833.8m | CN¥559.6m | CN¥268.7m | CN¥188.9m | CN¥137.4m | CN¥151.4m | CN¥147.6m | CN¥164.2m |
| Shareholders' equity | CN¥1.05bn | CN¥1.23bn | CN¥1.25bn | CN¥1.41bn | CN¥1.60bn | CN¥1.93bn | CN¥1.93bn | CN¥2.07bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -5.3% | -22.8% | 0.1% | -0.1% | -44.8% | -24.6% | — |
| Net margin | -5.3% | -23.0% | -0.2% | 0.5% | -47.3% | -19.6% | — |
| Return on equity | -25.8% | -54.3% | -0.2% | 0.4% | -107.7% | -24.3% | — |
| Return on assets | -5.2% | -18.0% | -0.1% | 0.3% | -61.8% | -13.0% | — |
| Free cash flow yield | 62.4% | 66.1% | 58.6% | 49.8% | -381.6% | 93.8% | — |
| Revenue growth | 35.0% | 53.8% | 18.5% | -61.9% | -7.9% | 236.9% | — |
| Earnings growth | -69.2% | 14273.2% | -155.4% | -100.4% | 122.8% | -714.6% | — |
| Current ratio | 0.94x | 1.12x | 1.82x | 2.59x | 2.24x | 2.01x | — |
| Debt to equity | 0.21x | 0.08x | 0.02x | 0.01x | 0.03x | 0.03x | — |
| Equity ratio | 20.2% | 33.2% | 57.4% | 63.5% | 57.3% | 53.6% | — |
| Interest coverage | — | — | — | -0.12x | -9.78x | -3.86x | 4.21x |
| R&D as a share of sales | 10.2% | 14.2% | 15.6% | 17.8% | 19.1% | 10.3% | — |
| Buybacks as a share of market value | -42.4% | 2.1% | 33.4% | 1.4% | -8.4% | 2.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.0% | -2.9% | — |
| Operating income | 62.1% | -22.1% | — |
| Net income | — | -25.3% | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -18.1 |
| Price to sales | 0.9 |
Market value over time
28 Jun 2019 to 21 Oct 2026, in CNY
CN¥1.72bnCN¥924.4m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 5% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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