S 
10.16
-1.74%
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¥457.7m
FY2018FY2025
Net income
−CN¥69.5m
FY2018FY2025
Free cash flow
−CN¥2.9m
FY2018FY2025
Shareholders' equity
CN¥971.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥457.7m | CN¥551.8m | CN¥332.1m | CN¥567.1m | CN¥1.21bn | CN¥951.3m | CN¥573.8m | CN¥576.5m |
| Gross profit | CN¥73.3m | CN¥122.3m | CN¥38.9m | CN¥152.7m | CN¥284.1m | CN¥286.5m | CN¥149.9m | CN¥131.3m |
| Research and development | CN¥19.2m | CN¥24.0m | CN¥22.7m | CN¥23.6m | CN¥34.2m | CN¥23.5m | CN¥19.1m | CN¥19.4m |
| Operating income | −CN¥43.6m | CN¥18.1m | −CN¥60.0m | CN¥72.5m | CN¥154.1m | CN¥157.0m | CN¥88.6m | CN¥64.5m |
| Net income | −CN¥69.5m | CN¥22.3m | −CN¥42.9m | CN¥65.7m | CN¥128.5m | CN¥126.0m | CN¥76.8m | CN¥50.5m |
| Diluted earnings per share | -0.28 | 0.09 | -0.18 | 0.29 | 0.71 | 0.52 | 0.31 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.28bn | CN¥1.32bn | CN¥1.20bn | CN¥1.26bn | CN¥887.0m | CN¥907.0m | CN¥577.1m | CN¥511.3m |
| Cash and short-term investments | — | CN¥748.9m | CN¥719.3m | CN¥783.6m | CN¥328.5m | CN¥348.4m | CN¥291.7m | CN¥190.8m |
| Total liabilities | CN¥303.8m | CN¥260.5m | CN¥163.2m | CN¥171.2m | CN¥484.8m | CN¥581.2m | CN¥241.2m | CN¥217.8m |
| Debt | — | CN¥9.9m | CN¥27.6m | CN¥33.0m | CN¥204.0m | CN¥121.9m | CN¥10.5m | CN¥20.1m |
| Shareholders' equity | CN¥971.1m | CN¥1.06bn | CN¥1.04bn | CN¥1.09bn | CN¥402.2m | CN¥325.9m | CN¥335.9m | CN¥293.5m |
| Shares outstanding | 244m | 243m | 245m | 224m | 181m | 244m | 244m | 244m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥9.2m | CN¥21.1m | CN¥4.6m | CN¥58.1m | CN¥142.3m | CN¥128.4m | CN¥80.2m | CN¥61.9m |
| Capital spending | −CN¥12.1m | −CN¥8.5m | −CN¥23.8m | −CN¥44.1m | −CN¥39.7m | −CN¥20.3m | −CN¥5.0m | −CN¥16.4m |
| Free cash flow | −CN¥2.9m | CN¥12.5m | −CN¥19.1m | CN¥14.0m | CN¥102.5m | CN¥108.1m | CN¥75.2m | CN¥45.5m |
| Dividends paid | −CN¥3.2m | −CN¥12,238 | −CN¥14.7m | −CN¥4.9m | −CN¥49.4m | −CN¥16.2m | −CN¥34.6m | −CN¥5.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥101.6m | CN¥154.6m | CN¥106.7m | CN¥104.5m | CN¥108.0m | CN¥138.4m | CN¥152.0m | CN¥131.7m |
| Gross profit | CN¥13.0m | CN¥25.1m | CN¥8.4m | CN¥11.3m | CN¥24.3m | CN¥29.4m | CN¥27.2m | CN¥30.6m |
| Operating income | −CN¥13.4m | −CN¥700,093 | −CN¥25.2m | −CN¥16.6m | CN¥276,565 | CN¥6.1m | CN¥712,945 | −CN¥310,391 |
| Net income | −CN¥14.1m | −CN¥6.4m | −CN¥64.9m | −CN¥12.9m | CN¥1.7m | CN¥6.5m | CN¥1.6m | CN¥2.2m |
| Diluted earnings per share | -0.06 | -0.03 | -0.27 | -0.05 | 0.01 | 0.03 | 0.01 | 0.01 |
| Cash from operations | — | — | — | −CN¥8.0m | CN¥11.0m | −CN¥15.0m | — | −CN¥37.0m |
| Capital spending | −CN¥2.0m | −CN¥7.0m | −CN¥6.0m | −CN¥1.0m | −CN¥2.0m | — | — | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥9.0m | CN¥9.0m | — | — | −CN¥40.0m |
| Total assets | CN¥1.23bn | CN¥1.32bn | CN¥1.28bn | CN¥1.27bn | CN¥1.29bn | CN¥1.27bn | CN¥1.32bn | CN¥1.28bn |
| Cash and short-term investments | — | — | — | CN¥767.8m | CN¥789.0m | CN¥728.8m | CN¥748.9m | CN¥736.2m |
| Debt | — | — | — | CN¥104.5m | CN¥72.6m | CN¥27.6m | CN¥9.9m | CN¥37.2m |
| Shareholders' equity | CN¥947.7m | CN¥962.5m | CN¥971.1m | CN¥1.04bn | CN¥1.05bn | CN¥1.05bn | CN¥1.06bn | CN¥1.06bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 22.2% | 11.7% | 26.9% | 23.5% | 30.1% | — |
| Operating margin | -10.7% | 3.6% | -18.1% | 13.8% | 13.3% | 16.5% | — |
| Net margin | -15.2% | 4.0% | -12.9% | 11.6% | 10.6% | 13.2% | — |
| Return on equity | -7.2% | 2.1% | -4.1% | 6.0% | 31.9% | 38.7% | — |
| Return on assets | -5.4% | 1.7% | -3.6% | 5.2% | 14.5% | 13.9% | — |
| Free cash flow yield | 0.7% | 1.0% | 1.0% | 3.9% | 8.5% | — | — |
| Revenue growth | -17.1% | 66.1% | -41.4% | -53.0% | 26.9% | 65.8% | — |
| Earnings growth | -412.1% | -151.9% | -165.4% | -48.9% | 2.0% | 64.1% | — |
| Current ratio | 4.13x | 4.37x | 6.61x | 7.12x | 1.44x | 1.25x | — |
| Debt to equity | — | 0.01x | 0.03x | 0.03x | 0.49x | 0.37x | 0.22x |
| Equity ratio | 75.9% | 80.2% | 86.4% | 86.4% | 45.3% | 35.9% | — |
| Interest coverage | -48.87x | 10.96x | -38.40x | 12.38x | 17.84x | 48.38x | — |
| R&D as a share of sales | 4.2% | 4.3% | 6.8% | 4.2% | 2.8% | 2.5% | — |
| Buybacks as a share of market value | -0.4% | 0.7% | -9.4% | -23.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.9% | -13.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.4% | 20.3% | 23.6% | — |
| Operating margin | -2.5% | -0.7% | 7.3% | — |
| Net margin | -4.7% | -1.3% | 5.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -54.3 | 125.6 | -115.5 | 52.8 |
| Price to sales | 8.3 | 5.1 | 14.9 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2023 | |
|---|---|---|
| Paid in the year | 0.01 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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