S 
3.03
-1.30%
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¥330.7m
FY2016FY2025
Net income
−CN¥64.0m
FY2016FY2025
Free cash flow
CN¥13.3m
FY2016FY2025
Shareholders' equity
CN¥87.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥330.7m | CN¥123.3m | CN¥157.1m | CN¥156.7m | CN¥120.2m | CN¥1.7m | CN¥16.2m | CN¥12.9m | CN¥1.10bn | CN¥865.4m |
| Research and development | CN¥4.8m | CN¥5.0m | CN¥7.0m | CN¥2.1m | CN¥1.2m | CN¥517,752 | CN¥8.6m | CN¥9.8m | CN¥65.1m | CN¥49.5m |
| Operating income | CN¥1.6m | −CN¥45.3m | −CN¥13.2m | −CN¥17.6m | CN¥1.57bn | −CN¥167.7m | −CN¥1.93bn | −CN¥575.4m | CN¥240.0m | CN¥411.1m |
| Net income | −CN¥64.0m | −CN¥22.1m | −CN¥17.0m | −CN¥15.9m | CN¥1.99bn | −CN¥363.0m | −CN¥2.05bn | −CN¥656.6m | CN¥159.4m | CN¥333.3m |
| Diluted earnings per share | -0.10 | -0.03 | -0.03 | -0.02 | 3.12 | -0.60 | -3.08 | -1.02 | 0.25 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥470.0m | CN¥373.8m | CN¥322.9m | CN¥352.2m | CN¥316.0m | CN¥13.4m | CN¥66.2m | CN¥1.71bn | CN¥2.55bn | CN¥1.20bn |
| Cash and short-term investments | — | CN¥7.6m | CN¥18.5m | CN¥9.7m | CN¥30.1m | CN¥1.9m | CN¥5.3m | CN¥111.2m | CN¥444.2m | CN¥269.5m |
| Total liabilities | CN¥361.6m | CN¥150.8m | CN¥193.7m | CN¥234.7m | CN¥180.0m | CN¥2.39bn | CN¥2.08bn | CN¥1.70bn | CN¥1.84bn | CN¥579.3m |
| Debt | — | CN¥16.0m | CN¥2.0m | CN¥2.4m | CN¥76.3m | CN¥731.5m | CN¥930.4m | CN¥1.09bn | CN¥1.09bn | CN¥129.0m |
| Shareholders' equity | CN¥87.0m | CN¥141.5m | CN¥81.0m | CN¥71.3m | CN¥84.8m | −CN¥2.38bn | −CN¥2.02bn | CN¥14.7m | CN¥714.5m | CN¥616.2m |
| Shares outstanding | 646m | 639m | 642m | 649m | 637m | 604m | 665m | 642m | 645m | 728m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥14.7m | −CN¥43.2m | CN¥9.4m | −CN¥24.3m | −CN¥144.4m | CN¥3.5m | −CN¥49.5m | −CN¥100.9m | −CN¥938.8m | −CN¥104.0m |
| Capital spending | −CN¥1.4m | −CN¥223,241 | −CN¥21,512 | −CN¥91,087 | −CN¥403,990 | −CN¥403,990 | −CN¥228,468 | −CN¥661,926 | −CN¥12.3m | −CN¥5.9m |
| Free cash flow | CN¥13.3m | −CN¥43.5m | CN¥9.4m | −CN¥24.4m | −CN¥144.8m | CN¥3.1m | −CN¥49.8m | −CN¥101.5m | −CN¥951.1m | −CN¥109.9m |
| Dividends paid | −CN¥1.0m | −CN¥534,650 | −CN¥255,701 | −CN¥100,597 | −CN¥100,597 | −CN¥100,597 | −CN¥5.4m | −CN¥30.9m | −CN¥25.1m | −CN¥23.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥31.0m | CN¥29.7m | CN¥261.0m | CN¥74.9m | CN¥5.7m | CN¥11.6m | CN¥4.3m | CN¥53.5m |
| Operating income | −CN¥7.2m | −CN¥1.1m | CN¥3.7m | −CN¥2.1m | −CN¥10.0m | −CN¥3.2m | −CN¥27.1m | −CN¥4.8m |
| Net income | −CN¥6.9m | −CN¥1.0m | −CN¥55.2m | −CN¥1.2m | −CN¥5.3m | −CN¥1.8m | −CN¥7.1m | −CN¥3.8m |
| Diluted earnings per share | -0.01 | -0.00 | -0.09 | -0.00 | -0.01 | -0.00 | -0.01 | -0.01 |
| Cash from operations | — | — | — | −CN¥3.0m | −CN¥17.0m | −CN¥2.0m | −CN¥13.0m | −CN¥2.0m |
| Total assets | CN¥316.9m | CN¥340.0m | CN¥470.0m | CN¥582.5m | CN¥475.4m | CN¥442.5m | CN¥373.8m | CN¥444.5m |
| Cash and short-term investments | — | — | — | CN¥24.1m | CN¥16.4m | CN¥10.0m | CN¥7.6m | CN¥3.1m |
| Debt | — | — | — | CN¥35.0m | CN¥25.1m | CN¥15.0m | CN¥16.0m | CN¥16.0m |
| Shareholders' equity | CN¥79.1m | CN¥86.0m | CN¥87.0m | CN¥148.9m | CN¥151.7m | CN¥145.7m | CN¥141.5m | CN¥70.2m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -30.7% | -25.3% | -8.4% | -11.2% | 1667.2% | -10084.9% | — |
| Net margin | -19.4% | -17.9% | -10.8% | -10.2% | 1655.9% | -21833.5% | — |
| Return on equity | -73.6% | -15.6% | -21.0% | -22.3% | 2347.0% | 15.3% | — |
| Return on assets | -13.6% | -5.9% | -5.3% | -4.5% | 629.5% | -2704.6% | — |
| Free cash flow yield | 0.8% | -2.1% | 0.5% | -1.2% | -7.1% | 0.2% | — |
| Revenue growth | 168.1% | -21.5% | 0.3% | 30.4% | 7127.4% | -89.8% | — |
| Earnings growth | 189.4% | 29.8% | 7.1% | -100.8% | -648.1% | -82.3% | — |
| Current ratio | 1.01x | 1.51x | 0.92x | 0.88x | 0.91x | 0.01x | — |
| Debt to equity | — | 0.11x | 0.02x | 0.03x | 0.90x | -0.22x | -0.36x |
| Equity ratio | 18.5% | 37.9% | 25.1% | 20.2% | 26.8% | -17734.5% | — |
| Interest coverage | -81.55x | -56.77x | -85.97x | -117.62x | 186.12x | -0.86x | — |
| R&D as a share of sales | 1.4% | 4.1% | 4.5% | 1.3% | 1.0% | 31.1% | — |
| Buybacks as a share of market value | -1.1% | 0.4% | 1.2% | -1.9% | -5.6% | 9.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.3% | 188.2% | -6.6% |
| Operating income | — | — | -38.2% |
| Net income | 59.0% | -29.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.6% | -9.7% | 148.7% | -9.6% |
| Net margin | -19.0% | -15.5% | 169.4% | -15.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.2 | -100.8 | -148.0 | -186.8 | 1.1 | -1.9 | -0.6 | -5.5 | 117.1 | 63.2 |
| Price to sales | 6.6 | 18.1 | 16.1 | 19.0 | 18.0 | 424.7 | 68.9 | 278.2 | 17.0 | 24.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Nov 2001.
| FY2001 | |
|---|---|
| Paid in the year | 0.02 |
- 1-to-1 reverse split · 28 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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