S 
2.84
-0.70%
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¥830.3m
FY2016FY2025
Net income
−CN¥104.5m
FY2016FY2025
Free cash flow
CN¥313.6m
FY2016FY2025
Shareholders' equity
CN¥603.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥830.3m | CN¥1.01bn | CN¥921.2m | CN¥1.11bn | CN¥935.8m | CN¥228.7m | CN¥225.1m | CN¥205.9m | CN¥412.9m | CN¥297.6m |
| Research and development | CN¥13.4m | CN¥14.6m | CN¥13.3m | CN¥13.1m | CN¥22.8m | CN¥9.8m | CN¥14.7m | CN¥20.6m | CN¥19.0m | CN¥24.5m |
| Operating income | −CN¥62.9m | CN¥25.0m | CN¥710.5m | −CN¥106.2m | −CN¥124.1m | −CN¥95.3m | CN¥62.0m | −CN¥89.5m | CN¥42.1m | CN¥21.9m |
| Net income | −CN¥104.5m | CN¥13.1m | CN¥653.9m | −CN¥217.5m | −CN¥97.7m | −CN¥166.1m | CN¥6.0m | −CN¥132.9m | CN¥32.6m | CN¥10.0m |
| Diluted earnings per share | -0.10 | 0.01 | 0.65 | -0.22 | -0.10 | -0.17 | 0.01 | -0.13 | 0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.80bn | CN¥4.07bn | CN¥4.25bn | CN¥4.31bn | CN¥4.03bn | CN¥3.71bn | CN¥3.79bn | CN¥3.44bn | CN¥2.80bn | CN¥1.31bn |
| Cash and short-term investments | CN¥80.1m | CN¥142.4m | CN¥567.2m | CN¥240.2m | CN¥295.1m | CN¥480.7m | CN¥607.5m | CN¥548.3m | CN¥642.9m | CN¥542.7m |
| Total liabilities | CN¥2.69bn | CN¥3.00bn | CN¥3.19bn | CN¥3.89bn | CN¥3.37bn | CN¥2.94bn | CN¥2.83bn | CN¥2.51bn | CN¥1.71bn | CN¥512.8m |
| Debt | CN¥744.9m | CN¥685.5m | CN¥1.40bn | CN¥1.65bn | CN¥1.71bn | CN¥2.00bn | CN¥1.96bn | CN¥1.45bn | CN¥880.0m | CN¥280.0m |
| Shareholders' equity | CN¥603.5m | CN¥712.5m | CN¥699.4m | CN¥45.6m | CN¥263.2m | CN¥362.6m | CN¥528.8m | CN¥522.8m | CN¥656.8m | CN¥624.2m |
| Shares outstanding | 1,007m | 1,014m | 1,007m | 1,010m | 1,005m | 1,006m | 980m | 1,004m | 1,018m | 1,010m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥319.2m | CN¥199.5m | CN¥333.3m | CN¥84.7m | −CN¥20.4m | −CN¥15.7m | CN¥25.3m | −CN¥49.6m | CN¥17.9m | CN¥48.1m |
| Capital spending | −CN¥5.6m | −CN¥2.0m | −CN¥4.6m | −CN¥9.6m | −CN¥6.4m | −CN¥149.2m | −CN¥628.0m | −CN¥471.3m | −CN¥793.0m | −CN¥131.9m |
| Free cash flow | CN¥313.6m | CN¥197.4m | CN¥328.6m | CN¥75.1m | −CN¥26.8m | −CN¥164.9m | −CN¥602.8m | −CN¥520.9m | −CN¥775.1m | −CN¥83.8m |
| Dividends paid | −CN¥39.8m | −CN¥59.5m | −CN¥99.1m | −CN¥106.5m | −CN¥102.7m | −CN¥117.9m | −CN¥105.5m | −CN¥72.7m | −CN¥36.4m | −CN¥1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥47.7m | CN¥48.4m | CN¥314.8m | CN¥191.5m | CN¥190.2m | CN¥136.0m | CN¥471.9m | CN¥316.0m |
| Operating income | −CN¥12.8m | −CN¥16.7m | CN¥18.1m | −CN¥6.9m | −CN¥48.6m | −CN¥15.5m | CN¥94.0m | −CN¥16.2m |
| Net income | −CN¥22.2m | −CN¥18.2m | −CN¥4.4m | −CN¥11.3m | −CN¥71.4m | −CN¥17.4m | CN¥88.2m | −CN¥19.1m |
| Diluted earnings per share | -0.02 | -0.02 | -0.00 | -0.01 | -0.07 | -0.02 | 0.09 | -0.02 |
| Cash from operations | — | — | CN¥69.0m | CN¥84.0m | CN¥74.0m | CN¥91.0m | — | CN¥10.0m |
| Capital spending | — | — | — | −CN¥2.0m | — | −CN¥2.0m | — | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥82.0m | — | CN¥89.0m | — | CN¥9.0m |
| Total assets | CN¥3.64bn | CN¥3.71bn | CN¥3.80bn | CN¥4.02bn | CN¥4.18bn | CN¥4.33bn | CN¥4.07bn | CN¥3.82bn |
| Cash and short-term investments | — | — | CN¥80.1m | CN¥101.1m | CN¥181.9m | CN¥199.8m | CN¥142.4m | CN¥53.6m |
| Debt | CN¥509.6m | CN¥548.8m | CN¥741.3m | CN¥201.4m | CN¥617.9m | CN¥679.4m | CN¥679.4m | CN¥746.2m |
| Shareholders' equity | CN¥561.9m | CN¥585.4m | CN¥603.5m | CN¥608.0m | CN¥619.5m | CN¥690.9m | CN¥712.5m | CN¥624.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -2.0% | 9.8% | 90.7% | -9.6% | 0.4% | -41.7% |
| Net margin | -12.6% | 1.3% | 71.0% | -19.6% | -10.4% | -72.6% |
| Return on equity | -17.3% | 1.8% | 93.5% | -477.2% | -37.1% | -45.8% |
| Return on assets | -2.7% | 0.3% | 15.4% | -5.0% | -2.4% | -4.5% |
| Free cash flow yield | 10.6% | 6.5% | 11.0% | 3.1% | -0.5% | 4.4% |
| Revenue growth | -17.8% | 9.6% | -16.9% | 18.5% | 309.2% | 1.6% |
| Earnings growth | -897.0% | -98.0% | -400.7% | 122.5% | -41.2% | -2868.9% |
| Current ratio | 0.79x | 0.90x | 0.85x | 0.60x | 0.85x | 1.33x |
| Debt to equity | 1.23x | 0.95x | 2.00x | 35.78x | 5.89x | 5.50x |
| Equity ratio | 15.9% | 17.5% | 16.5% | 1.1% | 6.5% | 9.8% |
| Interest coverage | -0.25x | 1.12x | 6.24x | -0.79x | 0.03x | -1.15x |
| R&D as a share of sales | 1.6% | 1.4% | 1.4% | 1.2% | 2.4% | 4.3% |
| Buybacks as a share of market value | 0.8% | -0.7% | 0.3% | -0.5% | 0.1% | -2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | 29.4% | 17.1% |
| Operating income | -16.0% | -8.0% | 59.2% |
| Net income | -21.7% | -8.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.1% | 14.6% | 6.9% | 6.0% |
| Net margin | -5.0% | 8.9% | 1.6% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.6 | 259.2 | 5.5 | -17.8 | -35.6 | -19.7 | — | -32.1 | 157.7 | — |
| Price to sales | 4.1 | 3.4 | 3.9 | 3.5 | 3.7 | 14.3 | 18.1 | 20.7 | 12.4 | 28.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Aug 2007.
| FY2007 | FY2005 | FY2003 | FY2002 | FY2001 | |
|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.10 | 0.05 | 0.03 | 0.08 |
- 1-to-1 reverse split · 14 Jan 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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