S 
5.08
-0.59%
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¥1.64bn
FY2016FY2025
Net income
−CN¥732.1m
FY2016FY2025
Free cash flow
−CN¥116.9m
FY2016FY2025
Shareholders' equity
CN¥2.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.64bn | CN¥1.76bn | CN¥2.43bn | CN¥6.97bn | CN¥4.85bn | CN¥4.16bn | CN¥2.41bn | CN¥1.99bn | CN¥1.59bn | CN¥1.40bn |
| Gross profit | CN¥576.2m | CN¥511.9m | CN¥944.7m | CN¥3.56bn | CN¥2.65bn | CN¥2.38bn | CN¥1.06bn | CN¥813.4m | CN¥651.1m | CN¥576.2m |
| Research and development | CN¥189.6m | CN¥242.4m | CN¥219.0m | CN¥250.5m | CN¥148.5m | CN¥146.9m | CN¥65.7m | CN¥42.2m | CN¥35.9m | CN¥35.2m |
| Operating income | — | −CN¥713.6m | −CN¥169.5m | CN¥2.07bn | CN¥1.64bn | CN¥1.36bn | CN¥332.3m | CN¥303.8m | CN¥261.4m | CN¥256.3m |
| Net income | −CN¥732.1m | −CN¥640.6m | −CN¥234.0m | CN¥971.6m | CN¥850.4m | CN¥675.4m | CN¥202.5m | CN¥207.8m | CN¥217.8m | CN¥232.4m |
| Diluted earnings per share | -1.42 | -1.28 | -0.45 | 1.89 | 1.62 | 1.35 | 0.39 | 0.41 | 0.42 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.64bn | CN¥5.24bn | CN¥6.81bn | CN¥8.81bn | CN¥6.96bn | CN¥5.98bn | CN¥3.70bn | CN¥3.50bn | CN¥2.72bn | CN¥2.32bn |
| Cash and short-term investments | — | CN¥864.9m | CN¥1.95bn | CN¥3.47bn | CN¥2.64bn | CN¥2.15bn | CN¥442.3m | CN¥489.9m | CN¥689.0m | CN¥747.5m |
| Total liabilities | CN¥1.53bn | CN¥1.25bn | CN¥1.82bn | CN¥2.96bn | CN¥1.82bn | CN¥2.08bn | CN¥1.01bn | CN¥1.07bn | CN¥636.5m | CN¥422.5m |
| Debt | CN¥58.5m | CN¥410.1m | CN¥847.0m | CN¥866.4m | CN¥879.8m | CN¥1.10bn | CN¥491.8m | CN¥365.5m | CN¥51.9m | CN¥38.8m |
| Shareholders' equity | CN¥2.64bn | CN¥3.35bn | CN¥4.03bn | CN¥4.81bn | CN¥3.87bn | CN¥3.14bn | CN¥2.36bn | CN¥2.18bn | CN¥2.00bn | CN¥1.84bn |
| Shares outstanding | 514m | 501m | 514m | 514m | 525m | 499m | 514m | 512m | 516m | 513m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥22.4m | −CN¥50.1m | −CN¥474.9m | CN¥2.15bn | CN¥1.08bn | CN¥1.37bn | CN¥248.9m | CN¥126.8m | CN¥130.7m | CN¥281.3m |
| Capital spending | −CN¥139.3m | −CN¥254.8m | −CN¥330.9m | −CN¥427.9m | −CN¥216.0m | −CN¥257.7m | −CN¥140.2m | −CN¥124.0m | −CN¥105.1m | −CN¥103.2m |
| Free cash flow | −CN¥116.9m | −CN¥304.9m | −CN¥805.8m | CN¥1.73bn | CN¥863.2m | CN¥1.11bn | CN¥108.7m | CN¥2.8m | CN¥25.6m | CN¥178.0m |
| Dividends paid | −CN¥15.4m | −CN¥24.4m | −CN¥318.0m | −CN¥33.4m | −CN¥102.8m | −CN¥33.4m | −CN¥33.4m | −CN¥41.8m | −CN¥71.1m | −CN¥63.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥442.4m | CN¥395.1m | CN¥451.2m | CN¥397.7m | CN¥405.7m | CN¥387.9m | CN¥409.0m | CN¥441.7m |
| Gross profit | CN¥162.2m | CN¥145.4m | CN¥149.6m | CN¥146.8m | CN¥134.8m | CN¥145.0m | −CN¥28.7m | CN¥174.5m |
| Operating income | −CN¥26.9m | −CN¥29.7m | −CN¥156.8m | −CN¥115.3m | −CN¥75.2m | −CN¥51.5m | −CN¥617.6m | −CN¥58.8m |
| Net income | −CN¥55.3m | −CN¥48.5m | −CN¥499.6m | −CN¥99.1m | −CN¥80.2m | −CN¥53.3m | −CN¥518.5m | −CN¥69.7m |
| Diluted earnings per share | -0.11 | -0.09 | -0.97 | -0.19 | -0.16 | -0.10 | -1.03 | -0.14 |
| Cash from operations | — | — | — | CN¥28.0m | — | −CN¥50.0m | — | −CN¥54.0m |
| Capital spending | −CN¥36.0m | −CN¥21.0m | −CN¥42.0m | −CN¥31.0m | −CN¥33.0m | −CN¥32.0m | −CN¥73.0m | −CN¥66.0m |
| Free cash flow | — | — | — | −CN¥3.0m | — | −CN¥82.0m | — | −CN¥120.0m |
| Total assets | CN¥4.47bn | CN¥4.55bn | CN¥4.64bn | CN¥5.17bn | CN¥5.22bn | CN¥5.20bn | CN¥5.24bn | CN¥5.94bn |
| Cash and short-term investments | — | — | — | CN¥875.3m | CN¥817.8m | CN¥787.6m | CN¥864.9m | CN¥1.02bn |
| Debt | CN¥49.5m | CN¥58.4m | CN¥58.5m | CN¥624.7m | CN¥528.4m | CN¥438.1m | CN¥384.2m | CN¥348.4m |
| Shareholders' equity | CN¥2.52bn | CN¥2.58bn | CN¥2.64bn | CN¥3.10bn | CN¥3.25bn | CN¥3.31bn | CN¥3.35bn | CN¥3.92bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.1% | 29.1% | 38.9% | 51.1% | 54.5% | 57.3% |
| Operating margin | -48.0% | -39.3% | -5.7% | 30.2% | 35.4% | 33.5% |
| Net margin | -44.6% | -36.4% | -9.6% | 13.9% | 17.5% | 16.3% |
| Return on equity | -27.8% | -19.1% | -5.8% | 20.2% | 22.0% | 21.5% |
| Return on assets | -15.8% | -12.2% | -3.4% | 11.0% | 12.2% | 11.3% |
| Free cash flow yield | 5.8% | 7.5% | -5.2% | 92.4% | 45.4% | 59.9% |
| Revenue growth | -6.6% | -27.5% | -65.2% | 43.6% | 16.8% | 72.1% |
| Earnings growth | 14.3% | 173.7% | -124.1% | 14.2% | 25.9% | 233.5% |
| Current ratio | 1.78x | 3.46x | 4.78x | 3.14x | 4.84x | 3.18x |
| Debt to equity | 0.02x | 0.11x | 0.20x | 0.16x | 0.21x | 0.32x |
| Equity ratio | 56.8% | 64.0% | 59.2% | 54.6% | 55.7% | 52.5% |
| Interest coverage | -33.82x | -16.22x | -2.94x | 49.00x | 39.91x | 37.36x |
| R&D as a share of sales | 11.5% | 13.8% | 9.0% | 3.6% | 3.1% | 3.5% |
| Buybacks as a share of market value | -2.7% | 2.6% | -0.0% | 2.1% | -5.2% | 2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.2% | -16.9% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.0% | 43.7% | 48.7% | 46.8% |
| Net margin | -40.4% | -5.0% | 4.1% | 6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.2 | -4.9 | -25.0 | 6.5 | 9.2 | 11.4 | 29.7 | 23.1 | 32.3 | 44.1 |
| Price to sales | 1.9 | 1.8 | 2.4 | 0.9 | 1.6 | 1.9 | 2.5 | 2.4 | 4.4 | 7.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.60 | 0.065 | 0.20 | 0.065 | 0.065 | 0.065 | 0.135 | 0.12 |
- 6-for-5 split · 27 May 2010
- 13-for-10 split · 27 Apr 2009
- 3-for-2 split · 28 Apr 2008
- 3-for-2 split · 16 Apr 2007
- 17-for-10 split · 20 Apr 2006
- 1-to-1 reverse split · 28 Oct 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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