S 
6.35
-0.47%
Close of 9 Nov 2026, in CNY
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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¥2.59bn
FY2016FY2025
Net income
−CN¥902.4m
FY2016FY2025
Free cash flow
CN¥5.44bn
FY2016FY2025
Shareholders' equity
CN¥2.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.59bn | CN¥4.32bn | CN¥7.62bn | CN¥7.08bn | CN¥8.68bn | CN¥10.70bn | CN¥7.21bn | CN¥7.94bn | CN¥8.65bn | CN¥8.12bn |
| Research and development | CN¥4.5m | CN¥7.1m | CN¥9.2m | CN¥9.4m | CN¥14.7m | — | — | — | — | — |
| Operating income | CN¥447.2m | −CN¥2.09bn | −CN¥1.60bn | CN¥1.19bn | CN¥1.37bn | CN¥1.37bn | CN¥2.32bn | CN¥920.7m | CN¥1.05bn | CN¥538.4m |
| Net income | −CN¥902.4m | −CN¥2.02bn | −CN¥1.84bn | CN¥9.0m | CN¥65.3m | CN¥160.0m | CN¥787.2m | CN¥446.7m | CN¥615.4m | CN¥260.5m |
| Diluted earnings per share | -1.36 | -3.05 | -2.77 | 0.01 | 0.10 | 0.24 | 1.18 | 0.67 | 0.93 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥33.99bn | CN¥30.63bn | CN¥30.95bn | CN¥36.69bn | CN¥41.44bn | CN¥44.44bn | CN¥45.14bn | CN¥46.05bn | CN¥43.62bn | CN¥29.16bn |
| Cash and short-term investments | — | CN¥3.67bn | CN¥834.6m | CN¥960.2m | CN¥3.61bn | CN¥5.12bn | CN¥3.98bn | CN¥5.82bn | CN¥5.74bn | CN¥3.84bn |
| Total liabilities | CN¥32.11bn | CN¥27.56bn | CN¥25.37bn | CN¥28.47bn | CN¥33.21bn | CN¥36.25bn | CN¥37.13bn | CN¥38.38bn | CN¥36.74bn | CN¥23.30bn |
| Debt | CN¥5.66bn | CN¥6.29bn | CN¥5.93bn | CN¥13.11bn | CN¥15.51bn | CN¥16.20bn | CN¥13.53bn | CN¥11.47bn | CN¥17.42bn | CN¥9.94bn |
| Shareholders' equity | CN¥2.33bn | CN¥3.28bn | CN¥5.74bn | CN¥8.10bn | CN¥8.05bn | CN¥7.87bn | CN¥7.56bn | CN¥7.27bn | CN¥6.41bn | CN¥5.89bn |
| Shares outstanding | 665m | 665m | 665m | 665m | 665m | 665m | 665m | 665m | 665m | 656m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.44bn | CN¥5.66bn | CN¥1.35bn | CN¥978.8m | CN¥143.9m | CN¥1.23bn | −CN¥842.6m | CN¥3.00bn | −CN¥5.18bn | CN¥1.75bn |
| Capital spending | −CN¥3.6m | −CN¥8.0m | −CN¥14.1m | −CN¥47.8m | −CN¥3.7m | −CN¥13.3m | −CN¥549.4m | −CN¥38.2m | −CN¥60.4m | −CN¥61.7m |
| Free cash flow | CN¥5.44bn | CN¥5.65bn | CN¥1.34bn | CN¥931.0m | CN¥140.1m | CN¥1.21bn | −CN¥1.39bn | CN¥2.96bn | −CN¥5.24bn | CN¥1.69bn |
| Dividends paid | −CN¥413.6m | −CN¥781.9m | −CN¥942.8m | −CN¥21.3m | −CN¥33.2m | −CN¥79.8m | −CN¥66.5m | −CN¥1.29bn | −CN¥937.2m | −CN¥952.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.15bn | CN¥352.5m | CN¥547.3m | CN¥369.9m | CN¥627.0m | CN¥1.05bn | CN¥461.1m | CN¥1.52bn |
| Operating income | CN¥1.65bn | CN¥60.2m | CN¥88.8m | −CN¥3.2m | CN¥102.2m | CN¥247.3m | −CN¥1.73bn | CN¥4.6m |
| Net income | CN¥1.05bn | −CN¥66.2m | −CN¥963.9m | −CN¥128.0m | CN¥50.7m | CN¥138.8m | −CN¥1.51bn | −CN¥103.1m |
| Diluted earnings per share | 1.59 | -0.10 | -1.45 | -0.19 | 0.08 | 0.21 | -2.27 | -0.16 |
| Cash from operations | — | — | — | CN¥1.39bn | CN¥1.06bn | CN¥2.66bn | — | CN¥840.0m |
| Capital spending | −CN¥1.0m | −CN¥1.0m | — | — | — | −CN¥2.0m | — | −CN¥2.0m |
| Free cash flow | — | — | — | — | — | CN¥2.66bn | — | CN¥838.0m |
| Total assets | CN¥32.91bn | CN¥33.72bn | CN¥33.99bn | CN¥34.56bn | CN¥33.02bn | CN¥31.42bn | CN¥30.63bn | CN¥30.82bn |
| Cash and short-term investments | — | — | — | CN¥6.15bn | CN¥5.09bn | CN¥4.25bn | CN¥3.67bn | CN¥2.22bn |
| Debt | CN¥4.18bn | CN¥4.30bn | CN¥5.66bn | CN¥1.91bn | CN¥8.19bn | CN¥8.35bn | CN¥6.28bn | CN¥6.53bn |
| Shareholders' equity | CN¥3.32bn | CN¥2.27bn | CN¥2.33bn | CN¥3.30bn | CN¥3.42bn | CN¥3.47bn | CN¥3.28bn | CN¥5.22bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -22.3% | -36.0% | -13.9% | 13.9% | 6.8% | 11.2% |
| Net margin | -34.8% | -46.8% | -24.2% | 0.1% | 0.8% | 1.5% |
| Return on equity | -38.7% | -61.8% | -32.2% | 0.1% | 0.8% | 2.0% |
| Return on assets | -2.7% | -6.6% | -6.0% | 0.0% | 0.2% | 0.4% |
| Free cash flow yield | 101.7% | 105.8% | 25.5% | 19.2% | 2.8% | 23.2% |
| Revenue growth | -40.0% | -43.3% | 7.6% | -18.4% | -18.9% | 48.3% |
| Earnings growth | -55.4% | 9.8% | -20584.9% | -86.2% | -59.2% | -79.7% |
| Current ratio | 1.12x | 1.38x | 1.76x | 1.72x | 1.94x | 1.80x |
| Debt to equity | 2.42x | 1.92x | 1.03x | 1.16x | 1.70x | 1.73x |
| Equity ratio | 6.9% | 10.7% | 18.5% | 22.1% | 19.4% | 17.7% |
| Interest coverage | -1.46x | -2.22x | -1.83x | 2.00x | 1.30x | 1.95x |
| R&D as a share of sales | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | — |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.1% | -0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.4% | -24.7% | -6.4% |
| Operating income | -27.9% | -20.1% | -3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -23.7% | -9.5% | 1.7% | 7.9% |
| Net margin | -42.3% | -22.0% | -11.1% | -2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -1.5 | -2.1 | — | 82.1 | 38.0 | 9.2 | 16.7 | 17.5 | 50.9 |
| Price to sales | 1.9 | 0.7 | 0.5 | 0.8 | 0.6 | 0.6 | 1.0 | 0.9 | 1.3 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.032 | 0.05 | 0.12 | 0.10 | 0.20 | 0.08 | 0.20 |
- 2-for-1 split · 12 Jun 2014
- 1-to-1 reverse split · 1 Sept 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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