S 
7.14
-0.56%
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¥1.67bn
FY2016FY2025
Net income
−CN¥295.6m
FY2016FY2025
Free cash flow
−CN¥293.3m
FY2016FY2025
Shareholders' equity
CN¥2.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.67bn | CN¥1.20bn | CN¥1.47bn | CN¥1.60bn | CN¥1.50bn | CN¥1.39bn | CN¥1.35bn | CN¥1.22bn | CN¥1.22bn | CN¥1.12bn |
| Gross profit | CN¥559.1m | CN¥351.8m | CN¥525.8m | CN¥647.5m | CN¥626.0m | CN¥525.7m | CN¥501.7m | CN¥538.1m | CN¥533.6m | CN¥486.2m |
| Research and development | CN¥384.0m | CN¥243.3m | CN¥245.2m | CN¥262.1m | CN¥234.7m | CN¥207.0m | CN¥192.9m | CN¥177.5m | CN¥152.9m | CN¥85.3m |
| Operating income | — | −CN¥155.5m | CN¥49.7m | CN¥70.0m | CN¥77.3m | CN¥79.2m | CN¥62.4m | CN¥80.6m | CN¥88.9m | CN¥107.6m |
| Net income | −CN¥295.6m | −CN¥152.0m | CN¥52.3m | CN¥97.7m | CN¥110.7m | CN¥98.7m | CN¥92.6m | CN¥86.5m | CN¥69.7m | CN¥88.2m |
| Diluted earnings per share | -0.34 | -0.25 | 0.09 | 0.15 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.92bn | CN¥4.20bn | CN¥4.31bn | CN¥4.31bn | CN¥3.89bn | CN¥3.57bn | CN¥3.23bn | CN¥2.91bn | CN¥2.78bn | CN¥2.31bn |
| Cash and short-term investments | — | CN¥364.8m | CN¥615.7m | CN¥649.5m | CN¥616.6m | CN¥552.2m | CN¥745.1m | CN¥514.5m | CN¥661.0m | CN¥335.9m |
| Total liabilities | CN¥3.78bn | CN¥2.30bn | CN¥2.27bn | CN¥2.37bn | CN¥2.05bn | CN¥1.87bn | CN¥1.60bn | CN¥1.41bn | CN¥1.37bn | CN¥1.06bn |
| Debt | CN¥64.5m | CN¥596.9m | CN¥517.9m | CN¥413.6m | CN¥259.1m | CN¥222.8m | CN¥197.3m | CN¥87.3m | CN¥250.7m | CN¥106.0m |
| Shareholders' equity | CN¥2.95bn | CN¥1.77bn | CN¥1.89bn | CN¥1.80bn | CN¥1.70bn | CN¥1.57bn | CN¥1.49bn | CN¥1.37bn | CN¥1.28bn | CN¥1.14bn |
| Shares outstanding | 864m | 608m | 604m | 631m | 604m | 587m | 612m | 637m | 519m | 596m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥252.5m | −CN¥470.1m | −CN¥182.9m | −CN¥87.4m | CN¥32.3m | CN¥91.4m | CN¥238.3m | CN¥87.9m | CN¥205.7m | −CN¥28.6m |
| Capital spending | −CN¥40.8m | −CN¥69.0m | −CN¥25.5m | −CN¥37.4m | −CN¥45.8m | −CN¥237.3m | −CN¥105.9m | −CN¥78.1m | −CN¥100.7m | −CN¥159.7m |
| Free cash flow | −CN¥293.3m | −CN¥539.2m | −CN¥208.3m | −CN¥124.8m | −CN¥13.5m | −CN¥145.9m | CN¥132.4m | CN¥9.8m | CN¥105.0m | −CN¥188.3m |
| Dividends paid | −CN¥29.6m | −CN¥26.6m | −CN¥10.2m | −CN¥11.5m | −CN¥10.2m | −CN¥10.3m | −CN¥4.9m | −CN¥7.5m | −CN¥3.9m | −CN¥4.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥333.5m | CN¥264.5m | CN¥648.2m | CN¥404.7m | CN¥371.9m | CN¥243.1m | CN¥486.0m | CN¥228.6m |
| Gross profit | CN¥98.4m | CN¥74.8m | CN¥194.2m | CN¥132.1m | CN¥147.7m | CN¥79.4m | CN¥98.9m | CN¥90.8m |
| Operating income | −CN¥51.2m | −CN¥63.7m | −CN¥65.9m | −CN¥9.3m | −CN¥37.0m | −CN¥63.9m | −CN¥96.7m | −CN¥16.6m |
| Net income | −CN¥72.1m | −CN¥53.2m | −CN¥207.9m | CN¥1.9m | −CN¥35.1m | −CN¥54.5m | −CN¥93.4m | −CN¥9.0m |
| Diluted earnings per share | -0.08 | -0.06 | -0.24 | 0.00 | -0.04 | -0.06 | -0.15 | -0.01 |
| Cash from operations | — | — | — | −CN¥189.0m | −CN¥143.0m | −CN¥188.0m | — | −CN¥196.0m |
| Capital spending | −CN¥9.0m | −CN¥18.0m | — | −CN¥17.0m | −CN¥9.0m | −CN¥20.0m | −CN¥19.0m | −CN¥22.0m |
| Free cash flow | — | — | — | −CN¥206.0m | −CN¥152.0m | −CN¥208.0m | — | −CN¥218.0m |
| Total assets | CN¥6.76bn | CN¥6.90bn | CN¥6.92bn | CN¥6.73bn | CN¥7.13bn | CN¥6.52bn | CN¥4.20bn | CN¥4.06bn |
| Cash and short-term investments | — | — | — | CN¥690.5m | CN¥1.17bn | CN¥419.5m | CN¥364.8m | CN¥217.6m |
| Debt | CN¥64.9m | CN¥30.8m | CN¥64.5m | CN¥920.1m | CN¥754.4m | CN¥1.03bn | CN¥589.5m | CN¥697.8m |
| Shareholders' equity | CN¥2.83bn | CN¥2.91bn | CN¥2.95bn | CN¥3.15bn | CN¥3.15bn | CN¥2.32bn | CN¥1.77bn | CN¥1.83bn |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.4% | 29.3% | 35.8% | 40.5% | 41.7% | 37.9% |
| Operating margin | -18.0% | -13.6% | 3.4% | 4.4% | 5.1% | 2.6% |
| Net margin | -17.7% | -12.7% | 3.6% | 6.1% | 7.4% | 7.1% |
| Return on equity | -10.0% | -8.6% | 2.8% | 5.4% | 6.5% | 6.3% |
| Return on assets | -4.3% | -3.6% | 1.2% | 2.3% | 2.8% | 2.8% |
| Free cash flow yield | -3.2% | -8.7% | -3.5% | -1.0% | 1.7% | 7.4% |
| Revenue growth | 39.3% | -18.3% | -8.1% | 6.5% | 8.3% | 3.0% |
| Earnings growth | 94.4% | -390.4% | -46.4% | -11.8% | 12.2% | 6.6% |
| Current ratio | 1.57x | 1.53x | 1.65x | 1.52x | 1.54x | 1.66x |
| Debt to equity | 0.02x | 0.33x | 0.27x | 0.22x | 0.13x | 0.12x |
| Equity ratio | 42.7% | 42.2% | 44.0% | 41.8% | 43.8% | 44.0% |
| Interest coverage | -9.95x | -9.01x | 3.78x | 6.42x | 7.42x | 12.06x |
| R&D as a share of sales | 22.9% | 20.2% | 16.7% | 16.4% | 15.6% | 14.9% |
| Buybacks as a share of market value | -42.1% | -0.6% | 4.2% | -4.4% | -2.9% | 4.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | 3.8% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.7% | 35.1% | 36.6% | 38.7% |
| Net margin | -15.6% | -5.0% | -1.0% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -35.7 | -35.4 | 97.0 | 58.6 | 45.8 | 42.7 | 48.3 | 41.3 | 63.6 | 82.4 |
| Price to sales | 6.3 | 4.5 | 3.5 | 3.6 | 3.4 | 3.0 | 3.3 | 2.9 | 3.6 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Oct 2024.
| FY2024 | FY1996 | FY1995 | FY1994 | |
|---|---|---|---|---|
| Paid in the year | 0.01 | 0.144 | 0.039 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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