S 
34.42
+0.35%
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¥536.3m
FY2018FY2025
Net income
CN¥15.3m
FY2018FY2025
Free cash flow
CN¥181.3m
FY2018FY2025
Shareholders' equity
CN¥949.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥536.3m | CN¥769.7m | CN¥400.3m | CN¥407.3m | CN¥502.5m | CN¥400.0m | CN¥249.4m | CN¥141.3m |
| Gross profit | CN¥147.7m | CN¥171.7m | CN¥105.3m | CN¥154.7m | CN¥227.0m | CN¥191.0m | CN¥115.2m | CN¥58.0m |
| Research and development | CN¥39.8m | CN¥59.6m | CN¥69.7m | CN¥51.4m | CN¥43.5m | CN¥26.1m | CN¥13.6m | CN¥7.4m |
| Operating income | CN¥6.2m | CN¥11.7m | −CN¥26.9m | CN¥77.2m | CN¥147.8m | CN¥132.6m | CN¥88.0m | CN¥37.4m |
| Net income | CN¥15.3m | CN¥17.1m | −CN¥9.6m | CN¥72.0m | CN¥130.3m | CN¥115.0m | CN¥76.3m | CN¥32.5m |
| Diluted earnings per share | 0.15 | 0.20 | -0.08 | 0.68 | 2.39 | 1.12 | 0.74 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.24bn | CN¥1.70bn | CN¥1.17bn | CN¥1.17bn | CN¥552.1m | CN¥401.8m | CN¥181.4m | CN¥115.1m |
| Cash and short-term investments | — | CN¥645.9m | CN¥665.7m | CN¥795.0m | CN¥174.8m | CN¥124.4m | CN¥33.9m | CN¥13.0m |
| Total liabilities | CN¥1.29bn | CN¥707.5m | CN¥169.4m | CN¥135.1m | CN¥153.6m | CN¥133.7m | CN¥64.3m | CN¥57.2m |
| Debt | CN¥134.0m | CN¥229.7m | CN¥15.1m | CN¥20.8m | CN¥23.5m | CN¥23.1m | CN¥8.0m | CN¥16.6m |
| Shareholders' equity | CN¥949.2m | CN¥992.8m | CN¥1.00bn | CN¥1.03bn | CN¥398.5m | CN¥268.2m | CN¥117.1m | CN¥57.8m |
| Shares outstanding | 103m | 84m | 118m | 106m | 55m | 103m | 103m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥360.9m | CN¥74.8m | −CN¥4.2m | CN¥108.1m | CN¥81.7m | CN¥63.1m | CN¥33.5m | −CN¥4.5m |
| Capital spending | −CN¥179.7m | −CN¥231.8m | −CN¥74.1m | −CN¥39.4m | −CN¥14.2m | −CN¥4.9m | −CN¥3.3m | −CN¥2.2m |
| Free cash flow | CN¥181.3m | −CN¥157.0m | −CN¥78.2m | CN¥68.8m | CN¥67.5m | CN¥58.1m | CN¥30.2m | −CN¥6.7m |
| Dividends paid | −CN¥35.9m | −CN¥24.2m | −CN¥21.5m | −CN¥44.1m | — | −CN¥50.2m | −CN¥17.3m | −CN¥3.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥163.5m | CN¥543.8m | CN¥104.2m | CN¥102.4m | CN¥138.9m | CN¥192.4m | CN¥341.0m | CN¥75.6m |
| Gross profit | CN¥44.3m | CN¥98.2m | CN¥26.4m | CN¥28.8m | CN¥52.0m | CN¥41.4m | CN¥73.5m | CN¥18.1m |
| Operating income | CN¥7.2m | CN¥58.9m | −CN¥9.4m | −CN¥5.4m | CN¥15.1m | CN¥3.0m | CN¥29.7m | −CN¥12.7m |
| Net income | CN¥6.4m | CN¥36.3m | CN¥3.9m | −CN¥4.0m | CN¥13.2m | CN¥3.0m | CN¥28.7m | −CN¥14.4m |
| Diluted earnings per share | 0.06 | 0.35 | 0.04 | -0.04 | 0.13 | 0.03 | 0.34 | -0.17 |
| Cash from operations | — | — | — | CN¥76.0m | CN¥20.0m | −CN¥8.0m | — | — |
| Capital spending | −CN¥2.0m | −CN¥14.0m | −CN¥71.0m | −CN¥69.0m | −CN¥22.0m | −CN¥15.0m | −CN¥120.0m | −CN¥13.0m |
| Free cash flow | — | — | — | CN¥7.0m | −CN¥2.0m | −CN¥23.0m | — | — |
| Total assets | CN¥1.83bn | CN¥1.92bn | CN¥2.24bn | CN¥1.70bn | CN¥1.59bn | CN¥1.63bn | CN¥1.70bn | CN¥1.37bn |
| Cash and short-term investments | — | — | — | CN¥539.8m | CN¥531.1m | CN¥558.3m | CN¥645.9m | CN¥544.8m |
| Debt | CN¥36.0m | CN¥133.5m | CN¥134.0m | CN¥301.2m | CN¥186.1m | CN¥165.1m | CN¥220.6m | CN¥194.5m |
| Shareholders' equity | CN¥963.5m | CN¥986.3m | CN¥949.2m | CN¥939.0m | CN¥946.4m | CN¥996.6m | CN¥992.8m | CN¥960.5m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 27.5% | 22.3% | 26.3% | 38.0% | 45.2% | 47.7% | — |
| Operating margin | 2.9% | 2.7% | -4.3% | 20.0% | 29.6% | 33.2% | — |
| Net margin | 2.9% | 2.2% | -2.4% | 17.7% | 25.9% | 28.8% | — |
| Return on equity | 1.6% | 1.7% | -1.0% | 7.0% | 32.7% | 42.9% | — |
| Return on assets | 0.7% | 1.0% | -0.8% | 6.2% | 23.6% | 28.6% | — |
| Free cash flow yield | — | 2.2% | — | — | — | — | — |
| Revenue growth | -30.3% | 92.3% | -1.7% | -19.0% | 25.6% | 60.4% | — |
| Earnings growth | -10.4% | -277.0% | -113.4% | -44.7% | 13.3% | 50.7% | — |
| Current ratio | 1.44x | 2.06x | 6.47x | 8.89x | 3.68x | 2.94x | — |
| Debt to equity | 0.14x | 0.22x | 0.00x | 0.00x | 0.00x | — | 0.07x |
| Equity ratio | 42.5% | 58.4% | 85.7% | 88.4% | 72.2% | 66.7% | — |
| Interest coverage | 3.39x | 2.30x | -3.58x | 19.66x | 54.96x | 127.23x | — |
| R&D as a share of sales | 7.4% | 7.7% | 17.4% | 12.6% | 8.7% | 6.5% | — |
| Buybacks as a share of market value | -22.4% | 28.9% | -11.8% | -93.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.6% | 6.0% | — |
| Operating income | -56.9% | -45.8% | — |
| Net income | -40.3% | -33.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.5% | 27.4% | 33.1% | — |
| Operating margin | 1.4% | 3.2% | 11.6% | — |
| Net margin | 2.5% | 4.5% | 11.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 264.8 | 114.0 | -358.9 | 38.8 |
| Price to sales | 7.5 | 2.5 | 8.7 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.302 | 0.20 | 0.20 | 0.60 |
- 7-for-5 split · 14 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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