T 
4.80
+2.35%
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¥562.2m
FY2016FY2025
Net income
CN¥30.3m
FY2016FY2025
Free cash flow
−CN¥116.2m
FY2016FY2025
Shareholders' equity
CN¥1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥562.2m | CN¥513.6m | CN¥441.3m | CN¥183.6m | CN¥426.3m | CN¥450.3m | CN¥2.28bn | CN¥2.24bn | CN¥2.19bn | CN¥10.55bn |
| Research and development | CN¥57.4m | CN¥52.7m | CN¥57.0m | CN¥50.8m | CN¥54.6m | CN¥100.5m | CN¥303.6m | CN¥315.2m | CN¥541.1m | CN¥601.4m |
| Operating income | CN¥10.0m | CN¥63.3m | −CN¥101.9m | −CN¥210.2m | −CN¥181.5m | −CN¥1.35bn | −CN¥870.8m | −CN¥349.0m | −CN¥883.4m | −CN¥2.52bn |
| Net income | CN¥30.3m | CN¥77.2m | −CN¥99.3m | −CN¥193.4m | −CN¥121.5m | −CN¥1.31bn | −CN¥699.2m | −CN¥187.9m | −CN¥773.0m | −CN¥2.41bn |
| Diluted earnings per share | 0.82 | 0.65 | -0.80 | -15.62 | -9.83 | -31.78 | -5.67 | -15.22 | -5.98 | -19.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.60bn | CN¥1.91bn | CN¥1.96bn | CN¥1.88bn | CN¥2.30bn | CN¥3.20bn | CN¥6.60bn | CN¥6.56bn | CN¥6.66bn | CN¥9.16bn |
| Cash and short-term investments | CN¥1.07bn | CN¥897.8m | CN¥1.16bn | CN¥878.2m | CN¥965.0m | CN¥1.57bn | CN¥1.60bn | CN¥1.42bn | CN¥3.60bn | CN¥5.14bn |
| Total liabilities | CN¥642.3m | CN¥900.5m | CN¥980.6m | CN¥819.6m | CN¥1.04bn | CN¥1.82bn | CN¥3.85bn | CN¥3.14bn | CN¥2.96bn | CN¥4.58bn |
| Debt | CN¥111.4m | CN¥196.3m | CN¥218.8m | CN¥258.4m | CN¥291.5m | CN¥617.9m | CN¥862.7m | CN¥206.9m | CN¥18.7m | CN¥11.0m |
| Shareholders' equity | CN¥1.03bn | CN¥1.08bn | CN¥1.03bn | CN¥1.11bn | CN¥1.27bn | CN¥1.38bn | CN¥2.71bn | CN¥3.35bn | CN¥3.60bn | CN¥4.48bn |
| Shares outstanding | 37m | 118m | 124m | 12m | 12m | 41m | 123m | 12m | 129m | 126m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥109.1m | CN¥96.3m | CN¥232.8m | −CN¥143.0m | −CN¥226.3m | −CN¥1.31bn | −CN¥120.5m | CN¥268.1m | −CN¥418.6m | −CN¥2.24bn |
| Capital spending | −CN¥7.1m | −CN¥11.8m | −CN¥9.8m | −CN¥6.5m | −CN¥14.7m | −CN¥28.3m | −CN¥122.5m | −CN¥119.4m | −CN¥160.5m | −CN¥117.9m |
| Free cash flow | −CN¥116.2m | CN¥84.5m | CN¥223.0m | −CN¥149.4m | −CN¥241.1m | −CN¥1.34bn | −CN¥242.9m | CN¥148.6m | −CN¥579.1m | −CN¥2.36bn |
| Dividends paid | −CN¥29.8m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.4m | CN¥123.5m | CN¥121.8m | CN¥202.1m | CN¥134.9m | CN¥117.5m | CN¥102.7m | CN¥186.0m |
| Operating income | −CN¥914,644 | CN¥1.1m | CN¥736,684 | CN¥13.8m | CN¥7.1m | −CN¥10.8m | −CN¥18.6m | CN¥29.2m |
| Net income | CN¥104,157 | CN¥1.5m | CN¥1.5m | CN¥19.8m | CN¥14.5m | −CN¥4.7m | −CN¥24.2m | CN¥44.4m |
| Diluted earnings per share | 0.01 | 0.14 | 0.04 | 0.53 | 0.39 | -0.13 | -0.21 | 0.38 |
| Total assets | CN¥216.5m | CN¥1.60bn | CN¥1.60bn | CN¥1.70bn | CN¥1.85bn | CN¥1.80bn | CN¥1.91bn | CN¥2.01bn |
| Cash and short-term investments | CN¥144.8m | CN¥1.07bn | CN¥1.07bn | CN¥954.1m | CN¥1.06bn | CN¥1.04bn | CN¥897.8m | CN¥1.28bn |
| Debt | CN¥546,762 | CN¥110.4m | CN¥3.4m | CN¥3.3m | CN¥3.2m | CN¥3.1m | CN¥3.0m | CN¥3.2m |
| Shareholders' equity | CN¥136.2m | CN¥1.03bn | CN¥1.03bn | CN¥1.05bn | CN¥1.04bn | CN¥1.03bn | CN¥1.08bn | CN¥1.11bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.2% | 4.5% | -23.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.8% | -14.0% | -68.5% | -28.5% |
| Net margin | 10.0% | -10.9% | -62.6% | -26.0% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 53.1 |
| Price to sales | 2.9 |
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | -36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 1.197 | 0.036 |
- 10-to-1 reverse split · 22 Apr 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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