S 
3.67
+1.38%
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¥5.61bn
FY2016FY2025
Net income
−CN¥10.9m
FY2016FY2025
Free cash flow
−CN¥62.5m
FY2016FY2025
Shareholders' equity
CN¥1.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.61bn | CN¥5.02bn | CN¥5.28bn | CN¥5.94bn | CN¥10.13bn | CN¥9.57bn | CN¥11.02bn | CN¥10.79bn | CN¥11.91bn | CN¥8.85bn |
| Gross profit | CN¥384.7m | CN¥409.9m | CN¥118.8m | CN¥165.7m | CN¥936.8m | CN¥1.19bn | CN¥282.5m | CN¥788.9m | CN¥874.5m | CN¥804.2m |
| Research and development | CN¥113.2m | CN¥126.4m | CN¥113.7m | CN¥202.2m | CN¥224.6m | CN¥185.2m | CN¥150.8m | CN¥147.0m | CN¥140.8m | CN¥116.3m |
| Operating income | — | −CN¥180.3m | −CN¥441.2m | −CN¥1.71bn | CN¥211.0m | CN¥544.7m | −CN¥695.6m | CN¥161.5m | CN¥286.5m | CN¥383.3m |
| Net income | −CN¥10.9m | −CN¥168.0m | −CN¥458.2m | −CN¥1.72bn | CN¥106.0m | CN¥357.4m | −CN¥745.8m | CN¥117.9m | CN¥224.8m | CN¥340.5m |
| Diluted earnings per share | -0.01 | -0.23 | -0.56 | -2.11 | 0.13 | 0.43 | -0.90 | 0.14 | 0.26 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.12bn | CN¥4.96bn | CN¥6.08bn | CN¥6.82bn | CN¥10.09bn | CN¥10.46bn | CN¥8.87bn | CN¥9.14bn | CN¥9.86bn | CN¥10.60bn |
| Cash and short-term investments | — | CN¥847.8m | CN¥1.40bn | CN¥1.83bn | CN¥1.95bn | CN¥1.70bn | CN¥1.86bn | CN¥1.14bn | CN¥1.57bn | CN¥1.60bn |
| Total liabilities | CN¥3.74bn | CN¥3.58bn | CN¥4.53bn | CN¥4.81bn | CN¥5.97bn | CN¥6.37bn | CN¥5.15bn | CN¥4.64bn | CN¥5.47bn | CN¥6.39bn |
| Debt | CN¥584.2m | CN¥1.45bn | CN¥2.71bn | CN¥2.83bn | CN¥3.48bn | CN¥3.68bn | CN¥3.63bn | CN¥3.50bn | CN¥3.89bn | CN¥4.03bn |
| Shareholders' equity | CN¥1.38bn | CN¥1.38bn | CN¥1.54bn | CN¥2.00bn | CN¥4.11bn | CN¥4.08bn | CN¥3.72bn | CN¥4.51bn | CN¥4.40bn | CN¥4.22bn |
| Shares outstanding | 820m | 740m | 817m | 816m | 820m | 825m | 825m | 814m | 872m | 781m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥301.4m | −CN¥26.4m | −CN¥51.6m | CN¥671.8m | CN¥1.52bn | −CN¥386.3m | CN¥1.01bn | CN¥64.5m | CN¥197.4m | CN¥721.5m |
| Capital spending | −CN¥364.0m | −CN¥240.3m | −CN¥123.8m | −CN¥102.2m | −CN¥262.8m | −CN¥90.3m | −CN¥182.6m | −CN¥122.1m | −CN¥59.5m | −CN¥513.7m |
| Free cash flow | −CN¥62.5m | −CN¥266.8m | −CN¥175.4m | CN¥569.6m | CN¥1.26bn | −CN¥476.5m | CN¥825.2m | −CN¥57.6m | CN¥137.9m | CN¥207.8m |
| Dividends paid | −CN¥58.5m | −CN¥58.7m | −CN¥77.6m | −CN¥121.5m | −CN¥72.9m | −CN¥162.5m | −CN¥53.3m | −CN¥143.1m | −CN¥206.1m | −CN¥179.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.71bn | CN¥1.42bn | CN¥1.61bn | CN¥1.43bn | CN¥1.43bn | CN¥1.14bn | CN¥1.41bn | CN¥1.23bn |
| Gross profit | CN¥181.6m | CN¥88.0m | CN¥81.1m | CN¥90.8m | CN¥98.9m | CN¥97.5m | CN¥134.3m | CN¥107.7m |
| Operating income | CN¥94.9m | CN¥23.2m | −CN¥6.9m | CN¥21.6m | CN¥34.2m | CN¥36.2m | CN¥6.2m | CN¥99.6m |
| Net income | CN¥69.6m | CN¥8.2m | −CN¥99.8m | CN¥26.5m | CN¥30.1m | CN¥32.3m | CN¥19.0m | CN¥97.6m |
| Diluted earnings per share | 0.08 | 0.01 | -0.12 | 0.03 | 0.04 | 0.04 | 0.03 | 0.13 |
| Cash from operations | — | — | — | CN¥197.0m | CN¥95.0m | CN¥165.0m | −CN¥127.0m | CN¥97.0m |
| Capital spending | −CN¥24.0m | −CN¥75.0m | −CN¥49.0m | −CN¥103.0m | −CN¥131.0m | −CN¥80.0m | −CN¥118.0m | −CN¥14.0m |
| Free cash flow | — | — | — | CN¥94.0m | −CN¥36.0m | CN¥85.0m | −CN¥245.0m | CN¥83.0m |
| Total assets | CN¥5.20bn | CN¥5.14bn | CN¥5.12bn | CN¥5.20bn | CN¥5.35bn | CN¥5.26bn | CN¥4.96bn | CN¥4.57bn |
| Cash and short-term investments | — | — | — | CN¥806.7m | CN¥931.8m | CN¥915.5m | CN¥847.8m | CN¥733.8m |
| Debt | CN¥584.2m | CN¥584.2m | CN¥584.2m | CN¥1.70bn | CN¥1.47bn | CN¥1.30bn | CN¥1.42bn | CN¥1.01bn |
| Shareholders' equity | CN¥1.46bn | CN¥1.39bn | CN¥1.38bn | CN¥1.48bn | CN¥1.45bn | CN¥1.41bn | CN¥1.38bn | CN¥1.37bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.9% | 8.2% | 2.2% | 2.8% | 9.2% | 12.4% |
| Operating margin | 1.2% | -3.6% | -8.4% | -28.7% | 2.1% | 5.7% |
| Net margin | -0.2% | -3.3% | -8.7% | -28.9% | 1.0% | 3.7% |
| Return on equity | -0.8% | -12.2% | -29.7% | -85.9% | 2.6% | 8.8% |
| Return on assets | -0.2% | -3.4% | -7.5% | -25.2% | 1.1% | 3.4% |
| Free cash flow yield | 23.5% | 8.4% | 2.6% | 27.5% | 63.0% | -10.4% |
| Revenue growth | 11.8% | -5.0% | -11.1% | -41.4% | 5.8% | -13.1% |
| Earnings growth | -93.5% | -63.3% | -73.3% | -1720.3% | -70.3% | -147.9% |
| Current ratio | 0.77x | 0.62x | 0.65x | 0.93x | 1.00x | 0.91x |
| Debt to equity | 0.42x | 1.03x | 1.58x | 1.24x | 0.75x | 0.90x |
| Equity ratio | 26.9% | 27.8% | 25.4% | 29.3% | 40.7% | 39.0% |
| Interest coverage | 1.23x | -2.78x | -4.65x | -13.50x | 1.49x | 3.25x |
| R&D as a share of sales | 2.0% | 2.5% | 2.2% | 3.4% | 2.2% | 1.9% |
| Buybacks as a share of market value | -10.8% | 9.5% | -0.2% | 0.6% | 0.5% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | -10.1% | -5.3% |
| Net income | -81.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.5% | 4.9% | 7.7% | 7.0% |
| Net margin | -1.7% | -10.8% | -4.6% | -1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -274.1 | -14.8 | -7.5 | -2.6 | 45.4 | 10.9 | -3.7 | 25.1 | 22.9 | 18.1 |
| Price to sales | 0.5 | 0.5 | 0.7 | 0.8 | 0.5 | 0.4 | 0.3 | 0.3 | 0.4 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2021.
| FY2021 | FY2019 | FY2017 | FY2009 | FY2005 | FY2001 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.065 | 0.065 | 0.046 | 0.039 | 0.058 |
- 13-for-10 split · 3 Jun 2009
- 1-to-1 reverse split · 22 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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