S 
6.22
-0.48%
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¥3.71bn
FY2016FY2025
Net income
−CN¥121.9m
FY2016FY2025
Free cash flow
CN¥11.6m
FY2016FY2025
Shareholders' equity
CN¥3.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.71bn | CN¥4.55bn | CN¥4.17bn | CN¥4.91bn | CN¥4.09bn | CN¥2.91bn | CN¥2.93bn | CN¥2.64bn | CN¥2.53bn | CN¥2.37bn |
| Gross profit | CN¥306.4m | CN¥812.9m | CN¥842.9m | CN¥1.22bn | CN¥1.14bn | CN¥422.9m | CN¥446.3m | CN¥646.4m | CN¥586.6m | CN¥169.4m |
| Research and development | CN¥45.0m | CN¥30.7m | CN¥15.2m | CN¥9.6m | CN¥8.7m | CN¥6.2m | CN¥2.1m | CN¥1.7m | CN¥1.9m | CN¥3.5m |
| Operating income | — | CN¥345.1m | CN¥499.6m | CN¥869.9m | CN¥743.8m | CN¥115.1m | CN¥97.6m | CN¥251.9m | CN¥222.4m | −CN¥265.4m |
| Net income | −CN¥121.9m | CN¥271.7m | CN¥382.6m | CN¥622.1m | CN¥568.9m | CN¥103.7m | CN¥86.4m | CN¥219.6m | CN¥155.6m | −CN¥250.4m |
| Diluted earnings per share | -0.22 | 0.49 | 0.67 | 1.06 | 0.97 | 0.18 | 0.15 | 0.37 | 0.26 | -0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.05bn | CN¥5.67bn | CN¥5.71bn | CN¥5.17bn | CN¥4.41bn | CN¥4.00bn | CN¥3.82bn | CN¥4.15bn | CN¥4.37bn | CN¥4.74bn |
| Cash and short-term investments | — | CN¥2.57bn | CN¥2.32bn | CN¥2.11bn | CN¥1.46bn | CN¥1.09bn | CN¥808.4m | CN¥857.1m | CN¥878.8m | CN¥731.6m |
| Total liabilities | CN¥896.1m | CN¥1.16bn | CN¥1.22bn | CN¥878.5m | CN¥805.6m | CN¥1.03bn | CN¥921.7m | CN¥1.25bn | CN¥1.66bn | CN¥2.18bn |
| Debt | CN¥156.3m | CN¥276.3m | CN¥227.4m | CN¥159.1m | CN¥290.0m | CN¥520.7m | CN¥496.0m | CN¥788.3m | CN¥1.13bn | CN¥1.44bn |
| Shareholders' equity | CN¥3.85bn | CN¥4.19bn | CN¥4.17bn | CN¥3.99bn | CN¥3.42bn | CN¥2.88bn | CN¥2.80bn | CN¥2.80bn | CN¥2.62bn | CN¥2.47bn |
| Shares outstanding | 554m | 558m | 574m | 586m | 586m | 592m | 591m | 591m | 591m | 592m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥72.3m | CN¥447.6m | CN¥369.5m | CN¥1.01bn | CN¥677.4m | CN¥317.7m | CN¥374.0m | CN¥444.3m | CN¥553.6m | CN¥302.5m |
| Capital spending | −CN¥60.7m | −CN¥114.0m | −CN¥151.5m | −CN¥184.9m | −CN¥69.0m | −CN¥20.4m | −CN¥14.8m | −CN¥35.5m | −CN¥46.3m | −CN¥248.8m |
| Free cash flow | CN¥11.6m | CN¥333.6m | CN¥218.0m | CN¥824.8m | CN¥608.4m | CN¥297.3m | CN¥359.1m | CN¥408.7m | CN¥507.3m | CN¥53.7m |
| Dividends paid | −CN¥157.7m | −CN¥164.0m | −CN¥106.1m | −CN¥107.7m | −CN¥15.5m | −CN¥29.6m | −CN¥88.7m | −CN¥92.8m | −CN¥57.7m | −CN¥71.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.01bn | CN¥881.4m | CN¥997.8m | CN¥858.1m | CN¥948.1m | CN¥911.0m | CN¥1.69bn | CN¥888.7m |
| Gross profit | CN¥87.8m | CN¥70.1m | CN¥32.0m | CN¥82.3m | CN¥103.7m | CN¥88.5m | CN¥298.6m | CN¥141.3m |
| Operating income | −CN¥12.9m | −CN¥26.9m | −CN¥87.7m | −CN¥4.1m | CN¥24.4m | −CN¥12.6m | CN¥81.2m | CN¥57.7m |
| Net income | −CN¥21.5m | −CN¥32.0m | −CN¥114.6m | −CN¥15.3m | CN¥20.3m | −CN¥12.2m | CN¥82.4m | CN¥23.0m |
| Diluted earnings per share | -0.04 | -0.06 | -0.21 | -0.03 | 0.04 | -0.02 | 0.15 | 0.04 |
| Cash from operations | — | — | — | CN¥84.0m | −CN¥13.0m | −CN¥142.0m | — | CN¥80.0m |
| Capital spending | −CN¥18.0m | −CN¥25.0m | −CN¥25.0m | −CN¥14.0m | −CN¥9.0m | −CN¥11.0m | −CN¥36.0m | −CN¥34.0m |
| Free cash flow | — | — | — | CN¥70.0m | −CN¥22.0m | −CN¥153.0m | — | CN¥46.0m |
| Total assets | CN¥4.72bn | CN¥4.79bn | CN¥5.05bn | CN¥5.17bn | CN¥5.27bn | CN¥5.44bn | CN¥5.67bn | CN¥6.12bn |
| Cash and short-term investments | — | — | — | CN¥2.28bn | CN¥2.30bn | CN¥2.42bn | CN¥2.57bn | CN¥2.57bn |
| Debt | CN¥74.8m | CN¥133.6m | CN¥156.3m | CN¥16.1m | CN¥288.7m | CN¥273.8m | CN¥275.6m | CN¥278.3m |
| Shareholders' equity | CN¥3.80bn | CN¥3.82bn | CN¥3.85bn | CN¥4.03bn | CN¥4.10bn | CN¥4.18bn | CN¥4.19bn | CN¥4.17bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.2% | 17.8% | 20.2% | 24.8% | 27.9% | 14.5% |
| Operating margin | -2.8% | 7.7% | 12.0% | 17.8% | 18.5% | 4.6% |
| Net margin | -3.3% | 6.0% | 9.2% | 12.7% | 13.9% | 3.6% |
| Return on equity | -3.2% | 6.5% | 9.2% | 15.6% | 16.6% | 3.6% |
| Return on assets | -2.4% | 4.8% | 6.7% | 12.0% | 12.9% | 2.6% |
| Free cash flow yield | 3.3% | 13.7% | 12.4% | 27.8% | 17.3% | 7.8% |
| Revenue growth | -18.4% | 9.1% | -15.0% | 20.0% | 40.5% | -0.6% |
| Earnings growth | -144.9% | -29.0% | -38.5% | 9.3% | 448.6% | 20.1% |
| Current ratio | 4.10x | 3.93x | 3.47x | 4.09x | 3.25x | 2.17x |
| Debt to equity | 0.04x | 0.07x | 0.05x | 0.04x | 0.03x | 0.15x |
| Equity ratio | 76.2% | 73.8% | 73.0% | 77.1% | 77.5% | 71.8% |
| Interest coverage | -13.43x | 39.90x | 686.09x | 106.13x | 48.05x | 6.45x |
| R&D as a share of sales | 1.2% | 0.7% | 0.4% | 0.2% | 0.2% | 0.2% |
| Buybacks as a share of market value | 0.8% | 2.7% | 2.0% | 0.1% | 1.1% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | 5.0% | -0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.5% | 18.3% | 19.5% | 18.0% |
| Net margin | 1.8% | 6.7% | 7.5% | 5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -29.8 | 15.1 | 11.1 | 7.5 | 10.7 | 29.1 | 35.7 | 13.5 | 30.3 | -23.6 |
| Price to sales | 1.0 | 0.9 | 1.0 | 0.9 | 1.5 | 1.0 | 1.1 | 1.1 | 1.9 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 20 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.27 | 0.27 | 0.172 | 0.17 | 0.05 | 0.15 | 0.08 | 0.06 |
- 8-for-5 split · 12 Mar 2008
- 1-to-1 reverse split · 23 Mar 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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