Q 
2.83
+4.81%
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¥2.53bn
FY2017FY2025
Net income
−CN¥149.5m
FY2017FY2025
Free cash flow
−CN¥46.7m
FY2017FY2025
Shareholders' equity
CN¥354.8m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.53bn | CN¥3.05bn | CN¥3.70bn | CN¥3.82bn | CN¥4.03bn | CN¥2.58bn | CN¥2.06bn | CN¥1.47bn | CN¥654.8m |
| Gross profit | CN¥12.4m | CN¥73.7m | CN¥166.6m | CN¥252.7m | CN¥175.6m | CN¥192.5m | CN¥162.3m | CN¥116.6m | CN¥28.6m |
| Research and development | CN¥7.1m | CN¥10.7m | CN¥12.4m | CN¥12.5m | CN¥20.1m | CN¥13.1m | CN¥9.7m | CN¥6.7m | CN¥3.2m |
| Operating income | −CN¥182.5m | −CN¥10.4m | −CN¥7.8m | CN¥35.6m | −CN¥85.3m | −CN¥20.6m | CN¥19.6m | −CN¥51.9m | −CN¥21.4m |
| Net income | −CN¥149.5m | CN¥2.7m | CN¥3.3m | −CN¥13.1m | −CN¥191.2m | CN¥3.4m | −CN¥13.4m | −CN¥42.6m | −CN¥14.0m |
| Diluted earnings per share | -23.63 | 0.43 | 0.69 | -2.97 | -43.27 | 0.65 | -4.99 | -15.81 | -19.93 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥798.4m | CN¥867.0m | CN¥1.03bn | CN¥1.06bn | CN¥1.15bn | CN¥1.13bn | CN¥743.9m | CN¥469.6m | CN¥305.3m |
| Cash and short-term investments | CN¥38.4m | CN¥63.2m | CN¥113.6m | CN¥159.8m | CN¥207.4m | CN¥299.4m | CN¥183.1m | CN¥91.5m | CN¥59.5m |
| Total liabilities | CN¥448.8m | CN¥406.4m | CN¥526.7m | CN¥558.0m | CN¥661.9m | CN¥527.7m | CN¥1.52bn | CN¥1.30bn | CN¥177.7m |
| Debt | CN¥115.0m | CN¥122.0m | CN¥105.5m | CN¥71.1m | CN¥155.2m | CN¥111.3m | CN¥155.9m | CN¥74.3m | CN¥16.9m |
| Shareholders' equity | CN¥354.8m | CN¥464.7m | CN¥506.2m | CN¥501.2m | CN¥483.4m | CN¥556.3m | −CN¥779.3m | −CN¥831.1m | CN¥124.2m |
| Shares outstanding | 6m | 6m | 5m | 4m | 4m | 5m | 3m | 3m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥37.9m | −CN¥14.7m | −CN¥97.3m | CN¥74.7m | −CN¥30.9m | CN¥11.1m | CN¥17.6m | CN¥19.8m | −CN¥28.6m |
| Capital spending | −CN¥8.7m | −CN¥7.1m | −CN¥32.8m | −CN¥12.7m | −CN¥80.7m | −CN¥62.4m | −CN¥39.6m | −CN¥36.3m | −CN¥21.6m |
| Free cash flow | −CN¥46.7m | −CN¥21.8m | −CN¥130.1m | CN¥62.0m | −CN¥111.6m | −CN¥51.3m | −CN¥22.0m | −CN¥16.5m | −CN¥50.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥697.3m | CN¥697.3m | CN¥565.7m | CN¥565.7m | CN¥1.43bn | CN¥713.5m | CN¥810.0m | CN¥810.0m |
| Gross profit | CN¥4.2m | CN¥4.2m | CN¥2.0m | CN¥2.0m | CN¥49.0m | CN¥24.5m | CN¥12.4m | CN¥12.4m |
| Operating income | −CN¥54.0m | −CN¥54.0m | −CN¥35.1m | −CN¥35.1m | −CN¥34.5m | CN¥16.8m | −CN¥22.0m | −CN¥22.0m |
| Net income | −CN¥48.2m | −CN¥48.2m | −CN¥26.6m | −CN¥26.6m | CN¥55.2m | CN¥27.6m | −CN¥26.3m | −CN¥26.3m |
| Diluted earnings per share | -68.75 | -7.62 | -4.20 | -4.20 | 5.76 | 4.37 | -4.15 | -4.15 |
| Cash from operations | CN¥1.0m | CN¥1.0m | −CN¥20.0m | −CN¥20.0m | — | CN¥13.0m | −CN¥20.0m | −CN¥20.0m |
| Total assets | CN¥798.4m | CN¥798.4m | CN¥848.3m | CN¥848.3m | CN¥867.0m | CN¥867.0m | CN¥981.3m | CN¥981.3m |
| Cash and short-term investments | CN¥38.4m | CN¥38.4m | CN¥30.9m | CN¥30.9m | — | CN¥63.2m | CN¥103.9m | CN¥103.9m |
| Debt | CN¥114.8m | CN¥114.8m | CN¥123.2m | CN¥120.0m | CN¥4.7m | CN¥115.7m | CN¥114.3m | CN¥108.1m |
| Shareholders' equity | CN¥354.8m | CN¥354.8m | CN¥411.5m | CN¥411.5m | CN¥464.7m | CN¥464.7m | CN¥469.7m | CN¥469.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.9% | -0.4% | — |
| Operating income | — | 54.6% | — |
| Net income | 125.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.5% | 3.9% | 4.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -0.2 | 124.2 |
| Price to sales | 0.0 | 0.1 |
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | -91% | 162% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 17 Jul 2026
- 90-to-1 reverse split · 25 Aug 2025
- 10-to-1 reverse split · 12 Aug 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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