S 
1.86
-1.06%
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¥6.19bn
FY2016FY2025
Net income
−CN¥8.30bn
FY2016FY2025
Free cash flow
CN¥240.0m
FY2016FY2025
Shareholders' equity
CN¥903.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.19bn | CN¥22.73bn | CN¥26.61bn | CN¥32.00bn | CN¥33.02bn | CN¥30.74bn | CN¥30.40bn | CN¥28.88bn | CN¥29.47bn | CN¥22.91bn |
| Research and development | CN¥93.3m | CN¥1.08bn | CN¥1.16bn | CN¥1.29bn | CN¥1.45bn | CN¥1.27bn | CN¥992.3m | CN¥929.9m | CN¥1.02bn | CN¥735.7m |
| Operating income | −CN¥3.17bn | −CN¥7.82bn | −CN¥1.69bn | CN¥156.2m | CN¥2.28bn | CN¥1.58bn | CN¥1.58bn | CN¥2.91bn | CN¥4.42bn | CN¥2.09bn |
| Net income | −CN¥8.30bn | −CN¥7.41bn | −CN¥1.28bn | CN¥189.3m | CN¥2.07bn | CN¥1.71bn | CN¥1.66bn | CN¥2.51bn | CN¥3.77bn | CN¥2.00bn |
| Diluted earnings per share | -2.86 | -2.54 | -0.33 | 0.15 | 1.87 | 0.59 | 0.57 | 0.86 | 3.57 | 0.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥50.62bn | CN¥63.51bn | CN¥79.49bn | CN¥84.30bn | CN¥82.84bn | CN¥91.58bn | CN¥97.96bn | CN¥105.32bn | CN¥105.63bn | CN¥82.29bn |
| Cash and short-term investments | — | CN¥5.95bn | CN¥12.17bn | CN¥14.08bn | CN¥14.23bn | CN¥17.95bn | CN¥19.31bn | CN¥19.29bn | CN¥14.54bn | CN¥10.11bn |
| Total liabilities | CN¥47.81bn | CN¥50.67bn | CN¥58.39bn | CN¥60.57bn | CN¥60.29bn | CN¥65.78bn | CN¥71.62bn | CN¥79.45bn | CN¥75.35bn | CN¥59.72bn |
| Debt | CN¥5.58bn | CN¥31.58bn | CN¥38.20bn | CN¥45.09bn | CN¥45.61bn | CN¥49.63bn | CN¥53.00bn | CN¥57.34bn | CN¥48.56bn | CN¥41.05bn |
| Shareholders' equity | CN¥903.8m | CN¥9.16bn | CN¥16.69bn | CN¥19.08bn | CN¥19.09bn | CN¥24.28bn | CN¥25.17bn | CN¥25.05bn | CN¥27.78bn | CN¥22.22bn |
| Shares outstanding | 2,902m | 2,914m | 3,896m | 1,250m | 1,105m | 2,905m | 2,905m | 2,905m | 1,055m | 2,661m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥243.2m | CN¥2.62bn | CN¥4.39bn | CN¥3.45bn | CN¥8.58bn | CN¥11.26bn | CN¥12.23bn | CN¥14.10bn | CN¥23.8m | CN¥2.15bn |
| Capital spending | −CN¥3.2m | −CN¥69.4m | −CN¥314.4m | −CN¥885.4m | −CN¥632.6m | −CN¥254.2m | −CN¥1.11bn | −CN¥3.61bn | −CN¥2.25bn | −CN¥2.48bn |
| Free cash flow | CN¥240.0m | CN¥2.55bn | CN¥4.08bn | CN¥2.56bn | CN¥7.95bn | CN¥11.01bn | CN¥11.12bn | CN¥10.49bn | −CN¥2.23bn | −CN¥324.5m |
| Dividends paid | −CN¥1.00bn | −CN¥1.92bn | −CN¥1.99bn | −CN¥2.16bn | −CN¥875.5m | −CN¥824.5m | −CN¥697.1m | −CN¥3.75bn | −CN¥3.00bn | −CN¥2.92bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.88bn | CN¥2.98bn | CN¥2.84bn | CN¥1.24bn | CN¥1.31bn | CN¥797.2m | CN¥2.90bn | CN¥5.94bn |
| Operating income | −CN¥497.8m | −CN¥441.9m | −CN¥504.1m | −CN¥2.37bn | −CN¥2.25bn | −CN¥1.90bn | −CN¥6.74bn | −CN¥1.00bn |
| Net income | −CN¥274.0m | −CN¥512.5m | −CN¥2.29bn | −CN¥2.15bn | −CN¥2.41bn | −CN¥1.45bn | −CN¥6.70bn | −CN¥738.7m |
| Diluted earnings per share | -0.09 | -0.18 | -0.79 | -0.74 | -0.83 | -0.50 | -2.30 | -0.25 |
| Cash from operations | — | — | — | −CN¥81.0m | CN¥254.0m | CN¥530.0m | CN¥238.0m | CN¥392.0m |
| Capital spending | −CN¥33.0m | −CN¥12.0m | — | — | −CN¥1.0m | −CN¥1.0m | −CN¥6.0m | −CN¥6.0m |
| Free cash flow | — | — | — | — | CN¥253.0m | CN¥529.0m | CN¥232.0m | CN¥386.0m |
| Total assets | CN¥50.97bn | CN¥51.12bn | CN¥50.62bn | CN¥52.85bn | CN¥54.70bn | CN¥58.02bn | CN¥63.51bn | CN¥75.19bn |
| Cash and short-term investments | — | — | — | CN¥774.2m | CN¥990.4m | CN¥2.32bn | CN¥5.95bn | CN¥10.10bn |
| Debt | CN¥6.24bn | CN¥6.44bn | CN¥5.58bn | CN¥26.33bn | CN¥27.03bn | CN¥27.56bn | CN¥31.54bn | CN¥35.27bn |
| Shareholders' equity | CN¥155.8m | CN¥416.5m | CN¥903.8m | CN¥3.20bn | CN¥5.32bn | CN¥7.71bn | CN¥9.16bn | CN¥15.95bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -122.8% | -24.9% | 2.0% | 8.1% | 15.1% | 18.4% |
| Net margin | -134.1% | -32.6% | -4.8% | 0.6% | 6.3% | 5.6% |
| Return on equity | -917.9% | -80.9% | -7.7% | 1.0% | 10.8% | 7.1% |
| Return on assets | -16.4% | -11.7% | -1.6% | 0.2% | 2.5% | 1.9% |
| Free cash flow yield | 4.2% | 45.5% | 59.5% | 170.9% | 410.7% | 195.3% |
| Revenue growth | -72.8% | -14.6% | -16.9% | -3.1% | 7.4% | 1.1% |
| Earnings growth | 11.9% | 478.4% | -776.9% | -90.8% | 20.6% | 3.3% |
| Current ratio | 0.16x | 0.36x | 0.57x | 0.63x | 0.65x | 0.70x |
| Debt to equity | 6.17x | 3.45x | 2.29x | 2.36x | 2.04x | 1.75x |
| Equity ratio | 1.8% | 14.4% | 21.0% | 22.6% | 23.0% | 26.5% |
| Interest coverage | -4.74x | -2.57x | 0.24x | 1.08x | 1.86x | 1.62x |
| R&D as a share of sales | 1.5% | 4.8% | 4.4% | 4.0% | 4.4% | 4.1% |
| Buybacks as a share of market value | 0.4% | 25.2% | -211.7% | -13.1% | 61.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -42.2% | -27.4% | -11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -38.0% | -14.3% | -5.7% | 1.2% |
| Net margin | -54.3% | -19.2% | -8.6% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.2 | -11.8 | 32.9 | 3.9 | 10.9 | 8.9 | 6.5 | 3.1 | 9.2 |
| Price to sales | 1.0 | 0.4 | 0.6 | 0.2 | 0.2 | 0.6 | 0.5 | 0.6 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Aug 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.185 | 0.147 | 0.24 | 0.40 | 0.40 | 0.20 | 0.093 | 0.20 |
- 3-for-2 split · 10 Aug 2018
- 1-to-1 reverse split · 29 Mar 2006
- 3-for-2 split · 20 May 2005
- 9-for-5 split · 21 May 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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