S 
4.28
-2.06%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥269.7m
FY2016FY2025
Net income
−CN¥437.1m
FY2016FY2025
Free cash flow
CN¥38.5m
FY2016FY2025
Shareholders' equity
CN¥619.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥269.7m | CN¥322.1m | CN¥673.0m | CN¥587.6m | CN¥1.34bn | CN¥1.17bn | CN¥1.32bn | CN¥1.54bn | CN¥2.66bn | CN¥1.58bn |
| Gross profit | CN¥121.6m | CN¥151.8m | CN¥253.1m | CN¥184.0m | CN¥319.6m | CN¥216.2m | CN¥369.3m | CN¥312.9m | CN¥299.0m | CN¥200.5m |
| Research and development | CN¥23.8m | CN¥29.7m | CN¥25.1m | CN¥34.7m | CN¥29.6m | CN¥35.5m | CN¥33.1m | CN¥35.0m | CN¥34.6m | CN¥27.1m |
| Operating income | — | −CN¥35.8m | −CN¥279.8m | −CN¥323.7m | CN¥197.0m | CN¥137.2m | CN¥193.6m | CN¥181.0m | CN¥155.7m | CN¥84.6m |
| Net income | −CN¥437.1m | −CN¥66.0m | −CN¥318.9m | −CN¥361.4m | CN¥66.8m | CN¥42.4m | CN¥58.5m | CN¥36.9m | CN¥30.5m | CN¥21.4m |
| Diluted earnings per share | -1.00 | -0.15 | -0.70 | -0.80 | 0.15 | 0.11 | 0.10 | 0.12 | 0.10 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.94bn | CN¥2.47bn | CN¥3.10bn | CN¥4.33bn | CN¥4.37bn | CN¥4.33bn | CN¥3.24bn | CN¥3.24bn | CN¥3.93bn | CN¥4.66bn |
| Cash and short-term investments | — | CN¥158.8m | CN¥262.4m | CN¥671.6m | CN¥593.4m | CN¥518.9m | CN¥195.7m | CN¥271.9m | CN¥461.3m | CN¥551.7m |
| Total liabilities | CN¥1.28bn | CN¥1.33bn | CN¥1.89bn | CN¥2.80bn | CN¥2.39bn | CN¥2.26bn | CN¥1.96bn | CN¥1.99bn | CN¥2.67bn | CN¥3.45bn |
| Debt | — | CN¥660.2m | CN¥1.12bn | CN¥2.17bn | CN¥1.71bn | CN¥987.4m | CN¥635.2m | CN¥1.31bn | CN¥843.8m | CN¥788.3m |
| Shareholders' equity | CN¥619.4m | CN¥1.07bn | CN¥1.14bn | CN¥1.46bn | CN¥1.85bn | CN¥1.81bn | CN¥1.07bn | CN¥1.06bn | CN¥1.05bn | CN¥1.04bn |
| Shares outstanding | 438m | 437m | 454m | 454m | 449m | 381m | 566m | 313m | 307m | 293m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥41.1m | CN¥355.7m | CN¥480.3m | −CN¥146.0m | CN¥231.5m | CN¥117.3m | −CN¥149.8m | CN¥551.0m | −CN¥76.6m | CN¥760.3m |
| Capital spending | −CN¥2.7m | −CN¥15.5m | −CN¥17.7m | −CN¥17.2m | −CN¥46.9m | −CN¥22.4m | −CN¥382,897 | −CN¥789,654 | −CN¥1.3m | −CN¥1.0m |
| Free cash flow | CN¥38.5m | CN¥340.1m | CN¥462.6m | −CN¥163.2m | CN¥184.6m | CN¥95.0m | −CN¥150.1m | CN¥550.2m | −CN¥77.9m | CN¥759.2m |
| Dividends paid | −CN¥26.7m | −CN¥40.0m | −CN¥47.5m | −CN¥73.9m | −CN¥15.9m | −CN¥154.2m | −CN¥40.2m | −CN¥34.9m | −CN¥62.3m | −CN¥86.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥58.8m | CN¥61.3m | CN¥27.5m | CN¥96.1m | CN¥77.1m | CN¥69.0m | CN¥86.7m | CN¥61.2m |
| Gross profit | CN¥27.8m | CN¥24.1m | CN¥34.7m | CN¥29.7m | CN¥28.7m | CN¥28.6m | CN¥27.9m | CN¥30.5m |
| Operating income | CN¥3.5m | CN¥3.5m | −CN¥10.6m | −CN¥16.3m | −CN¥15.0m | −CN¥6.7m | −CN¥94.7m | −CN¥19.3m |
| Net income | −CN¥7.9m | −CN¥6.8m | −CN¥369.6m | −CN¥19.4m | −CN¥37.5m | −CN¥10.5m | −CN¥114.2m | −CN¥22.9m |
| Diluted earnings per share | -0.02 | -0.02 | -0.84 | -0.04 | -0.09 | -0.02 | -0.26 | -0.05 |
| Cash from operations | — | — | — | CN¥23.0m | CN¥19.0m | CN¥3.0m | — | −CN¥10.0m |
| Capital spending | — | −CN¥2.0m | — | — | −CN¥1.0m | −CN¥4.0m | — | −CN¥2.0m |
| Free cash flow | — | — | — | — | CN¥18.0m | −CN¥1.0m | — | −CN¥12.0m |
| Total assets | CN¥1.85bn | CN¥1.88bn | CN¥1.94bn | CN¥2.35bn | CN¥2.39bn | CN¥2.42bn | CN¥2.47bn | CN¥2.69bn |
| Cash and short-term investments | — | — | — | CN¥149.2m | CN¥172.8m | CN¥164.5m | CN¥158.8m | CN¥262.9m |
| Debt | — | — | — | CN¥893.9m | CN¥748.1m | CN¥770.6m | CN¥659.5m | CN¥839.0m |
| Shareholders' equity | CN¥604.7m | CN¥612.6m | CN¥619.4m | CN¥993.0m | CN¥1.03bn | CN¥1.06bn | CN¥1.07bn | CN¥1.19bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 45.1% | 47.1% | 37.6% | 31.3% | 23.8% | 18.4% | — |
| Operating margin | -138.1% | 5.9% | -30.3% | -37.6% | 16.4% | 14.0% | — |
| Net margin | -162.1% | -20.5% | -47.4% | -61.5% | 5.0% | 3.6% | — |
| Return on equity | -70.6% | -6.1% | -27.9% | -24.8% | 3.6% | 2.3% | — |
| Return on assets | -22.5% | -2.7% | -10.3% | -8.4% | 1.5% | 1.0% | — |
| Free cash flow yield | 2.4% | 20.3% | 26.2% | -6.8% | 14.8% | 8.7% | — |
| Revenue growth | -16.3% | -52.1% | 14.5% | -56.3% | 14.4% | -10.9% | — |
| Earnings growth | 562.1% | -79.3% | -11.8% | -640.9% | 57.6% | -27.6% | — |
| Current ratio | 0.57x | 0.68x | 0.74x | 0.81x | 1.28x | 2.09x | — |
| Debt to equity | — | 0.61x | 0.98x | 1.49x | 0.65x | 0.41x | 1.09x |
| Equity ratio | 31.9% | 43.4% | 36.8% | 33.7% | 42.3% | 41.9% | — |
| Interest coverage | -10.59x | 0.35x | -3.01x | -2.45x | 2.88x | 1.89x | — |
| R&D as a share of sales | 8.8% | 9.2% | 3.7% | 5.9% | 2.2% | 3.0% | — |
| Buybacks as a share of market value | -0.2% | 3.7% | 0.1% | -1.3% | -17.6% | 32.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.9% | -25.5% | -19.5% |
| Net income | 6.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.2% | 38.4% | 28.5% | 17.0% |
| Net margin | -85.0% | -63.9% | -24.6% | -6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -37.1 | -9.2 | -10.0 | 52.9 | 73.6 | 75.2 | 56.0 | 105.9 | 214.5 |
| Price to sales | 9.1 | 7.6 | 4.4 | 6.2 | 2.6 | 2.7 | 3.3 | 1.4 | 1.2 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jul 2021.
| FY2021 | FY2018 | FY2017 | FY2015 | FY2012 | FY2001 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.035 | 0.035 | 0.039 | 0.10 | 0.067 | 0.067 |
- 3-for-2 split · 18 Jun 2013
- 1-to-1 reverse split · 10 Jan 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.