S 
1.70
+0.59%
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¥31.38bn
FY2016FY2025
Net income
−CN¥14.50bn
FY2016FY2025
Free cash flow
CN¥11.54bn
FY2016FY2025
Shareholders' equity
CN¥38.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥31.38bn | CN¥54.41bn | CN¥55.74bn | CN¥76.77bn | CN¥102.58bn | CN¥81.90bn | CN¥60.03bn | CN¥48.16bn | CN¥42.34bn | CN¥35.48bn |
| Research and development | — | — | — | — | — | — | — | — | CN¥18.1m | CN¥32.8m |
| Operating income | — | −CN¥1.31bn | −CN¥718.4m | −CN¥10.00bn | CN¥12.93bn | CN¥23.92bn | CN¥19.23bn | CN¥17.24bn | CN¥13.80bn | CN¥9.50bn |
| Net income | −CN¥14.50bn | −CN¥8.66bn | −CN¥6.49bn | −CN¥10.90bn | CN¥3.80bn | CN¥12.69bn | CN¥12.34bn | CN¥10.58bn | CN¥8.64bn | CN¥6.89bn |
| Diluted earnings per share | -1.80 | -1.08 | -0.81 | -1.25 | 0.47 | 1.57 | 1.50 | 1.29 | 1.05 | 0.84 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥280.38bn | CN¥324.20bn | CN¥371.03bn | CN¥392.92bn | CN¥480.06bn | CN¥460.44bn | CN¥379.62bn | CN¥295.53bn | CN¥218.01bn | CN¥146.34bn |
| Cash and short-term investments | — | CN¥30.90bn | CN¥40.15bn | CN¥41.62bn | CN¥68.92bn | CN¥60.50bn | CN¥37.61bn | CN¥27.23bn | CN¥29.21bn | CN¥16.75bn |
| Total liabilities | CN¥225.98bn | CN¥247.77bn | CN¥284.99bn | CN¥292.29bn | CN¥359.27bn | CN¥350.29bn | CN¥284.63bn | CN¥218.34bn | CN¥152.53bn | CN¥98.23bn |
| Debt | CN¥81.71bn | CN¥95.17bn | CN¥117.67bn | CN¥113.40bn | CN¥120.41bn | CN¥131.17bn | CN¥106.01bn | CN¥83.68bn | CN¥60.96bn | CN¥32.14bn |
| Shareholders' equity | CN¥38.72bn | CN¥53.19bn | CN¥61.95bn | CN¥68.86bn | CN¥81.20bn | CN¥78.18bn | CN¥68.64bn | CN¥59.13bn | CN¥52.05bn | CN¥43.72bn |
| Shares outstanding | 8,038m | 8,038m | 8,038m | 8,713m | 8,050m | 8,095m | 8,203m | 8,204m | 8,206m | 8,204m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥12.50bn | CN¥5.36bn | CN¥3.42bn | −CN¥574.6m | CN¥19.24bn | CN¥21.22bn | −CN¥5.19bn | −CN¥10.04bn | −CN¥7.24bn | CN¥4.40bn |
| Capital spending | −CN¥960.8m | −CN¥1.44bn | −CN¥2.32bn | −CN¥3.92bn | −CN¥5.91bn | −CN¥6.44bn | −CN¥7.44bn | −CN¥3.14bn | −CN¥5.18bn | −CN¥3.13bn |
| Free cash flow | CN¥11.54bn | CN¥3.93bn | CN¥1.10bn | −CN¥4.49bn | CN¥13.33bn | CN¥14.78bn | −CN¥12.63bn | −CN¥13.18bn | −CN¥12.42bn | CN¥1.27bn |
| Dividends paid | −CN¥4.76bn | −CN¥5.71bn | −CN¥6.38bn | −CN¥799.1m | −CN¥3.23bn | −CN¥2.46bn | −CN¥8.07bn | −CN¥6.09bn | −CN¥3.72bn | −CN¥2.20bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.99bn | CN¥4.05bn | CN¥14.36bn | CN¥5.71bn | CN¥5.95bn | CN¥5.36bn | CN¥25.08bn | CN¥6.32bn |
| Operating income | CN¥200.2m | −CN¥470.0m | CN¥134.2m | −CN¥592.9m | −CN¥924.9m | −CN¥707.9m | −CN¥1.95bn | −CN¥766.1m |
| Net income | −CN¥2.12bn | −CN¥1.37bn | −CN¥10.13bn | −CN¥1.50bn | −CN¥1.45bn | −CN¥1.42bn | −CN¥6.31bn | −CN¥1.29bn |
| Diluted earnings per share | -0.26 | -0.17 | -1.26 | -0.19 | -0.18 | -0.18 | -0.79 | -0.16 |
| Cash from operations | — | — | — | CN¥2.38bn | CN¥2.36bn | CN¥195.0m | CN¥3.69bn | CN¥4.50bn |
| Capital spending | −CN¥168.0m | −CN¥217.0m | −CN¥211.0m | −CN¥249.0m | −CN¥216.0m | −CN¥283.0m | −CN¥401.0m | −CN¥274.0m |
| Free cash flow | — | — | — | CN¥2.14bn | CN¥2.14bn | −CN¥88.0m | CN¥3.29bn | CN¥4.22bn |
| Total assets | CN¥262.88bn | CN¥269.54bn | CN¥280.38bn | CN¥305.71bn | CN¥312.70bn | CN¥318.54bn | CN¥324.20bn | CN¥345.68bn |
| Cash and short-term investments | — | — | — | CN¥23.58bn | CN¥27.60bn | CN¥29.24bn | CN¥30.90bn | CN¥31.43bn |
| Debt | CN¥88.92bn | CN¥79.86bn | CN¥81.71bn | CN¥36.45bn | CN¥91.32bn | CN¥85.70bn | CN¥93.10bn | CN¥100.51bn |
| Shareholders' equity | CN¥34.95bn | CN¥37.27bn | CN¥38.72bn | CN¥45.88bn | CN¥50.43bn | CN¥51.67bn | CN¥53.19bn | CN¥59.73bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -2.4% | -1.3% | -13.0% | 12.6% | 29.2% | 32.0% | — | — | — | — |
| Net margin | -46.2% | -15.9% | -11.6% | -14.2% | 3.7% | 15.5% | — | — | — | — | — |
| Return on equity | -37.4% | -16.3% | -10.5% | -15.8% | 4.7% | 16.2% | — | — | — | — | — |
| Return on assets | -5.2% | -2.7% | -1.7% | -2.8% | 0.8% | 2.8% | — | — | — | — | — |
| Free cash flow yield | 91.0% | 46.0% | 38.8% | 20.8% | 169.8% | 185.7% | — | — | — | — | — |
| Revenue growth | -42.3% | -2.4% | -27.4% | -25.2% | 25.3% | 36.4% | — | — | — | — | — |
| Earnings growth | 67.3% | 33.4% | -40.5% | -387.0% | -70.1% | 2.8% | — | — | — | — | — |
| Current ratio | 1.33x | 1.45x | 1.61x | 1.62x | 1.60x | 1.62x | — | — | — | — | — |
| Debt to equity | 2.11x | 1.75x | 1.86x | 1.61x | 1.45x | 1.63x | — | — | — | — | — |
| Equity ratio | 13.8% | 16.4% | 16.7% | 17.5% | 16.9% | 17.0% | — | — | — | — | — |
| Interest coverage | — | -0.28x | -0.15x | -2.20x | 2.18x | 5.08x | 5.69x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.0% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -0.0% | 7.8% | -8.2% | 0.5% | 1.3% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.8% | -17.5% | -0.3% |
| Net income | 10.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -27.0% | -18.6% | -6.0% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -2.5 | -3.9 | -4.3 | 14.9 | 4.5 | 5.2 | 4.9 | 8.1 | 8.3 |
| Price to sales | 0.6 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 1.1 | 1.1 | 1.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.40 | 0.305 | 0.30 | 0.30 | 0.10 | 0.07 | 0.07 |
- 13-for-10 split · 28 May 2012
- 2-for-1 split · 10 Apr 2008
- 1-to-1 reverse split · 6 Jan 2006
- 13-for-10 split · 10 Oct 2003
- 9-for-5 split · 28 Apr 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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