S 
3.29
+1.54%
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¥17.97bn
FY2016FY2025
Net income
−CN¥1.12bn
FY2016FY2025
Free cash flow
−CN¥461.2m
FY2016FY2025
Shareholders' equity
CN¥13.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.97bn | CN¥19.03bn | CN¥20.81bn | CN¥24.60bn | CN¥21.36bn | CN¥12.85bn | CN¥14.09bn | CN¥15.15bn | CN¥12.24bn | CN¥7.11bn |
| Research and development | CN¥59.7m | CN¥89.7m | CN¥121.9m | CN¥112.1m | CN¥266.7m | CN¥32.6m | CN¥24.4m | CN¥22.5m | CN¥7.0m | CN¥3.0m |
| Operating income | −CN¥637.7m | −CN¥1.11bn | CN¥429.6m | CN¥3.26bn | CN¥4.09bn | CN¥1.17bn | CN¥1.49bn | CN¥2.79bn | CN¥1.63bn | CN¥1.04bn |
| Net income | −CN¥1.12bn | −CN¥1.14bn | CN¥289.0m | CN¥2.21bn | CN¥2.54bn | CN¥695.3m | CN¥955.7m | CN¥1.80bn | CN¥1.05bn | CN¥679.7m |
| Diluted earnings per share | -0.28 | -0.25 | 0.10 | 0.49 | 0.59 | 0.18 | 0.23 | 0.44 | 0.27 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥42.19bn | CN¥45.04bn | CN¥42.51bn | CN¥36.62bn | CN¥29.38bn | CN¥27.19bn | CN¥19.64bn | CN¥18.68bn | CN¥16.24bn | CN¥12.60bn |
| Cash and short-term investments | — | CN¥4.74bn | CN¥6.15bn | CN¥6.91bn | CN¥1.49bn | CN¥2.79bn | CN¥1.57bn | CN¥1.23bn | CN¥644.2m | CN¥370.8m |
| Total liabilities | CN¥27.48bn | CN¥28.83bn | CN¥25.59bn | CN¥20.08bn | CN¥15.12bn | CN¥15.48bn | CN¥10.36bn | CN¥10.59bn | CN¥7.45bn | CN¥5.20bn |
| Debt | CN¥6.35bn | CN¥7.37bn | CN¥5.61bn | CN¥4.31bn | CN¥1.78bn | CN¥1.79bn | CN¥1.34bn | CN¥3.28bn | CN¥1.40bn | CN¥849.8m |
| Shareholders' equity | CN¥13.09bn | CN¥14.45bn | CN¥14.98bn | CN¥14.46bn | CN¥12.40bn | CN¥10.46bn | CN¥8.17bn | CN¥7.11bn | CN¥8.11bn | CN¥6.91bn |
| Shares outstanding | 4,020m | 4,481m | 2,980m | 4,491m | 4,287m | 3,946m | 4,247m | 4,123m | 3,823m | 3,704m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.54bn | CN¥940.9m | CN¥911.2m | CN¥3.20bn | CN¥4.91bn | CN¥1.22bn | CN¥1.93bn | CN¥1.53bn | CN¥1.87bn | CN¥244.8m |
| Capital spending | −CN¥2.00bn | −CN¥3.23bn | −CN¥5.51bn | −CN¥2.67bn | −CN¥2.06bn | −CN¥2.63bn | −CN¥911.8m | −CN¥748.5m | −CN¥768.2m | −CN¥838.8m |
| Free cash flow | −CN¥461.2m | −CN¥2.29bn | −CN¥4.59bn | CN¥527.1m | CN¥2.85bn | −CN¥1.41bn | CN¥1.02bn | CN¥786.3m | CN¥1.10bn | −CN¥594.1m |
| Dividends paid | −CN¥383.2m | −CN¥346.7m | −CN¥215.8m | −CN¥1.01bn | −CN¥205.6m | −CN¥183.2m | −CN¥185.6m | −CN¥464.7m | −CN¥286.9m | −CN¥79.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.49bn | CN¥4.11bn | CN¥4.99bn | CN¥4.73bn | CN¥4.26bn | CN¥3.98bn | CN¥4.66bn | CN¥5.56bn |
| Operating income | −CN¥230.7m | −CN¥219.1m | −CN¥139.1m | −CN¥68.1m | −CN¥339.1m | −CN¥377.0m | −CN¥470.2m | CN¥78.2m |
| Net income | −CN¥262.9m | −CN¥336.4m | −CN¥386.0m | −CN¥63.0m | −CN¥315.4m | −CN¥358.7m | −CN¥487.7m | CN¥28.1m |
| Diluted earnings per share | -0.07 | -0.08 | -0.10 | -0.02 | -0.08 | -0.09 | -0.11 | 0.01 |
| Cash from operations | — | — | — | CN¥735.0m | CN¥585.0m | CN¥257.0m | CN¥9.0m | CN¥572.0m |
| Capital spending | −CN¥346.0m | −CN¥354.0m | −CN¥248.0m | −CN¥512.0m | −CN¥749.0m | −CN¥489.0m | −CN¥733.0m | −CN¥842.0m |
| Free cash flow | — | — | — | CN¥223.0m | −CN¥164.0m | −CN¥232.0m | −CN¥724.0m | −CN¥270.0m |
| Total assets | CN¥41.13bn | CN¥40.42bn | CN¥42.19bn | CN¥44.36bn | CN¥44.74bn | CN¥45.37bn | CN¥45.04bn | CN¥43.55bn |
| Cash and short-term investments | — | — | — | CN¥4.10bn | CN¥4.71bn | CN¥5.30bn | CN¥4.74bn | CN¥4.68bn |
| Debt | CN¥5.46bn | CN¥6.14bn | CN¥6.35bn | CN¥8.44bn | CN¥7.52bn | CN¥7.37bn | CN¥7.11bn | CN¥7.25bn |
| Shareholders' equity | CN¥12.46bn | CN¥12.75bn | CN¥13.09bn | CN¥13.66bn | CN¥13.72bn | CN¥14.04bn | CN¥14.45bn | CN¥14.30bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -3.5% | -5.9% | 2.1% | 13.3% | 19.2% | 9.1% |
| Net margin | -6.3% | -6.0% | 1.4% | 9.0% | 11.9% | 5.4% |
| Return on equity | -8.6% | -7.9% | 1.9% | 15.3% | 20.5% | 6.6% |
| Return on assets | -2.7% | -2.5% | 0.7% | 6.0% | 8.6% | 2.6% |
| Free cash flow yield | 25.0% | 26.4% | 61.2% | 37.1% | 46.2% | 27.7% |
| Revenue growth | -5.6% | -8.6% | -15.4% | 15.2% | 66.3% | -8.8% |
| Earnings growth | -1.7% | -495.3% | -86.9% | -13.0% | 265.4% | -27.2% |
| Current ratio | 0.38x | 0.48x | 0.58x | 0.80x | 0.52x | 0.56x |
| Debt to equity | 0.49x | 0.49x | 0.37x | 0.29x | 0.14x | 0.16x |
| Equity ratio | 31.0% | 32.1% | 35.2% | 39.5% | 42.2% | 38.5% |
| Interest coverage | -1.28x | -2.26x | 1.10x | 8.65x | 15.95x | 4.21x |
| R&D as a share of sales | 0.3% | 0.5% | 0.6% | 0.5% | 1.2% | 0.3% |
| Buybacks as a share of market value | 10.3% | -50.4% | 33.6% | -4.8% | -8.6% | 7.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.9% | 6.9% | 12.2% |
| Operating income | — | — | 0.9% |
| Net income | — | — | 11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.7% | 2.4% | 6.2% | 7.9% |
| Net margin | -6.1% | 0.3% | 3.0% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.9 | -17.7 | 68.7 | 18.3 | 27.4 | 37.9 | 41.9 | 7.4 | 25.1 | 45.8 |
| Price to sales | 1.1 | 1.1 | 0.9 | 1.6 | 3.3 | 2.0 | 2.8 | 0.9 | 2.1 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jun 2022.
| FY2022 | FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2010 | FY1998 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.20 | 0.056 | 0.003 | 0.008 | 0.056 | 0.031 | 0.056 |
- 9-for-5 split · 16 Jun 2017
- 2-for-1 split · 6 Jun 2013
- 1-to-1 reverse split · 5 Sept 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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