N 
1.82
+0.55%
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¥4.19bn
FY2016FY2025
Net income
−CN¥38.3m
FY2016FY2025
Free cash flow
CN¥175.5m
FY2016FY2025
Shareholders' equity
CN¥905.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.19bn | CN¥3.29bn | CN¥2.65bn | CN¥3.17bn | CN¥3.70bn | CN¥2.44bn | CN¥2.08bn | CN¥1.48bn | CN¥769.4m | CN¥354.8m |
| Gross profit | CN¥820.6m | CN¥498.8m | CN¥570.7m | CN¥669.7m | CN¥812.8m | CN¥559.1m | CN¥486.6m | CN¥198.6m | CN¥54.7m | −CN¥12.8m |
| Research and development | CN¥161.9m | CN¥130.1m | CN¥151.0m | CN¥176.5m | CN¥135.2m | CN¥105.3m | CN¥67.2m | CN¥91.8m | CN¥39.5m | CN¥33.1m |
| Operating income | −CN¥87.2m | −CN¥250.6m | −CN¥317.5m | −CN¥89.3m | CN¥253.3m | CN¥170.6m | CN¥186.7m | −CN¥341.3m | −CN¥181.5m | −CN¥231.1m |
| Net income | −CN¥38.3m | −CN¥193.2m | −CN¥271.8m | −CN¥49.5m | CN¥225.8m | CN¥168.7m | CN¥190.1m | −CN¥349.0m | −CN¥184.7m | −CN¥232.7m |
| Diluted earnings per share | -0.48 | -1.22 | -3.45 | -0.64 | 2.83 | 2.11 | 2.47 | -5.34 | -2.48 | -3.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.95bn | CN¥2.61bn | CN¥2.19bn | CN¥2.54bn | CN¥2.44bn | CN¥1.85bn | CN¥1.51bn | CN¥1.19bn | CN¥503.6m | CN¥388.5m |
| Cash and short-term investments | CN¥1.33bn | CN¥904.4m | CN¥970.1m | CN¥903.3m | CN¥1.08bn | CN¥1.10bn | CN¥764.8m | CN¥716.8m | CN¥197.2m | CN¥141.2m |
| Total liabilities | CN¥2.05bn | CN¥1.68bn | CN¥1.10bn | CN¥1.23bn | CN¥1.18bn | CN¥853.4m | CN¥719.3m | CN¥614.8m | CN¥828.9m | CN¥601.7m |
| Debt | CN¥638.6m | CN¥495.7m | CN¥272.7m | CN¥492.1m | CN¥345.2m | CN¥180.0m | CN¥217.4m | CN¥180.0m | CN¥319.8m | CN¥216.3m |
| Shareholders' equity | CN¥905.5m | CN¥931.3m | CN¥1.09bn | CN¥1.31bn | CN¥1.26bn | CN¥993.4m | CN¥791.5m | CN¥570.4m | −CN¥325.2m | −CN¥213.2m |
| Shares outstanding | 80m | 159m | 79m | 78m | 80m | 80m | 77m | 65m | 74m | 74m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥353.3m | CN¥52.3m | CN¥93.7m | −CN¥835.0m | CN¥334.2m | CN¥465.6m | CN¥178.7m | CN¥7.8m | CN¥80.1m | −CN¥123.1m |
| Capital spending | −CN¥177.8m | −CN¥119.7m | −CN¥78.9m | −CN¥927.4m | −CN¥285.7m | −CN¥151.6m | −CN¥141.0m | −CN¥53.3m | −CN¥23.2m | −CN¥10.3m |
| Free cash flow | CN¥175.5m | −CN¥67.5m | CN¥14.8m | −CN¥1.76bn | CN¥48.4m | CN¥314.0m | CN¥37.7m | −CN¥45.5m | CN¥56.8m | −CN¥133.4m |
| Dividends paid | — | — | — | — | — | — | — | −CN¥361.4m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.44bn | CN¥904.0m | CN¥666.9m | CN¥1.69bn | CN¥1.26bn | CN¥682.0m | CN¥819.2m | CN¥1.02bn |
| Gross profit | CN¥230.4m | CN¥157.6m | CN¥101.8m | CN¥369.8m | CN¥252.5m | CN¥118.1m | CN¥102.0m | CN¥141.5m |
| Operating income | −CN¥110.1m | −CN¥104.4m | −CN¥101.5m | CN¥73.4m | −CN¥12.5m | −CN¥46.6m | −CN¥90.7m | −CN¥58.5m |
| Net income | −CN¥102.2m | −CN¥93.4m | −CN¥86.9m | CN¥81.7m | CN¥5.9m | −CN¥38.8m | −CN¥72.5m | −CN¥40.9m |
| Diluted earnings per share | -1.26 | -1.15 | -1.09 | 1.02 | 0.07 | -0.49 | -0.46 | -0.26 |
| Cash from operations | — | CN¥353.0m | CN¥353.0m | — | — | — | — | — |
| Capital spending | — | −CN¥177.0m | −CN¥177.0m | — | — | — | — | — |
| Free cash flow | — | CN¥176.0m | CN¥176.0m | — | — | — | — | — |
| Total assets | CN¥3.48bn | CN¥3.14bn | CN¥2.95bn | CN¥3.39bn | CN¥3.09bn | CN¥2.51bn | CN¥2.61bn | CN¥2.83bn |
| Cash and short-term investments | CN¥1.48bn | CN¥1.37bn | CN¥1.12bn | CN¥1.58bn | CN¥1.23bn | CN¥747.2m | CN¥904.4m | CN¥1.05bn |
| Debt | CN¥220.0m | CN¥742.4m | CN¥637.5m | CN¥440.0m | CN¥500.0m | CN¥580.0m | CN¥200.0m | CN¥450.0m |
| Shareholders' equity | CN¥718.1m | CN¥814.7m | CN¥904.9m | CN¥988.7m | CN¥903.6m | CN¥897.0m | CN¥931.3m | CN¥987.7m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.6% | 15.2% | 21.5% | 21.1% | 21.9% | 22.9% |
| Operating margin | -1.3% | -6.4% | -10.6% | -2.1% | 7.5% | 8.1% |
| Net margin | -0.9% | -5.9% | -10.3% | -1.6% | 6.1% | 6.9% |
| Return on equity | -4.2% | -20.7% | -24.9% | -3.8% | 17.9% | 17.0% |
| Return on assets | -1.3% | -7.4% | -12.4% | -1.9% | 9.3% | 9.1% |
| Free cash flow yield | 368.7% | 60.1% | 121.8% | 66.0% | 431.6% | 428.9% |
| Revenue growth | 27.4% | 24.0% | -16.3% | -14.5% | 51.6% | 17.7% |
| Earnings growth | -80.2% | -28.9% | 449.6% | -121.9% | 33.9% | -11.3% |
| Current ratio | 1.18x | 1.31x | 1.64x | 1.69x | 1.68x | 1.88x |
| Debt to equity | 0.70x | 0.53x | 0.25x | 0.37x | 0.26x | 0.18x |
| Equity ratio | 30.7% | 35.6% | 50.0% | 51.6% | 51.8% | 53.8% |
| Interest coverage | -9.17x | -37.55x | -197.06x | -11.46x | 45.24x | 26.71x |
| R&D as a share of sales | 3.9% | 4.0% | 5.7% | 5.6% | 3.7% | 4.3% |
| Buybacks as a share of market value | 49.7% | -101.8% | -1.2% | 2.5% | 0.2% | -4.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.8% | 11.4% | — |
| Operating income | -0.8% | — | — |
| Net income | -8.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.6% | 19.2% | 20.2% | — |
Market value over time
31 Oct 2018 to 30 Oct 2026, in CNY
CN¥224.2mCN¥146.0m
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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