S 
4.37
+10.08%
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¥356.1m
FY2016FY2025
Net income
−CN¥152.7m
FY2016FY2025
Free cash flow
−CN¥129.0m
FY2016FY2025
Shareholders' equity
CN¥1.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥356.1m | CN¥340.2m | CN¥437.2m | CN¥629.3m | CN¥389.0m | CN¥428.0m | CN¥585.6m | CN¥725.0m | CN¥779.4m | CN¥706.7m |
| Research and development | CN¥16.8m | CN¥21.1m | CN¥24.0m | CN¥27.1m | CN¥10.2m | CN¥4.2m | CN¥8.2m | CN¥704,237 | CN¥51,394 | CN¥51,394 |
| Operating income | −CN¥120.6m | −CN¥157.0m | CN¥1.78bn | −CN¥816.6m | −CN¥751.6m | −CN¥304.9m | −CN¥879.0m | −CN¥733.7m | CN¥130.3m | CN¥50.4m |
| Net income | −CN¥152.7m | −CN¥190.4m | CN¥1.75bn | −CN¥1.58bn | −CN¥1.00bn | −CN¥299.4m | −CN¥1.02bn | −CN¥788.2m | CN¥124.1m | CN¥76.6m |
| Diluted earnings per share | -0.06 | -0.08 | 0.31 | -0.28 | -1.17 | -0.57 | -1.35 | -1.21 | 0.18 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.62bn | CN¥1.82bn | CN¥2.71bn | CN¥2.00bn | CN¥2.65bn | CN¥3.28bn | CN¥3.75bn | CN¥4.16bn | CN¥4.05bn | CN¥3.84bn |
| Cash and short-term investments | — | CN¥404.6m | CN¥1.29bn | CN¥129.8m | CN¥228.7m | CN¥266.0m | CN¥858.6m | CN¥62.9m | CN¥447.2m | CN¥480.8m |
| Total liabilities | CN¥329.4m | CN¥380.0m | CN¥1.08bn | CN¥3.16bn | CN¥2.23bn | CN¥1.83bn | CN¥2.00bn | CN¥1.39bn | CN¥1.05bn | CN¥956.2m |
| Debt | — | CN¥53.0m | CN¥123.5m | CN¥565.4m | CN¥646.4m | CN¥815.4m | CN¥972.9m | CN¥949.9m | CN¥811.7m | CN¥765.8m |
| Shareholders' equity | CN¥1.28bn | CN¥1.43bn | CN¥1.62bn | −CN¥1.17bn | CN¥410.5m | CN¥1.43bn | CN¥1.74bn | CN¥2.75bn | CN¥2.97bn | CN¥2.86bn |
| Shares outstanding | 2,773m | 2,395m | 5,641m | 5,621m | 860m | 521m | 757m | 650m | 688m | 688m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥124.9m | −CN¥193.1m | −CN¥46.2m | −CN¥43.0m | CN¥29.4m | CN¥256.0m | CN¥13.5m | −CN¥850.5m | CN¥59.5m | CN¥117.4m |
| Capital spending | −CN¥4.1m | −CN¥27.9m | −CN¥15.6m | −CN¥30.0m | −CN¥22.4m | −CN¥41.8m | −CN¥32.3m | −CN¥143.1m | −CN¥331.7m | −CN¥154.4m |
| Free cash flow | −CN¥129.0m | −CN¥221.1m | −CN¥61.8m | −CN¥72.9m | CN¥7.0m | CN¥214.2m | −CN¥18.8m | −CN¥993.6m | −CN¥272.1m | −CN¥37.0m |
| Dividends paid | — | −CN¥470,255 | −CN¥3.3m | −CN¥4.0m | −CN¥11.8m | −CN¥24.2m | −CN¥53.4m | −CN¥43.6m | −CN¥36.1m | −CN¥74.6m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥89.5m | CN¥79.0m | CN¥78.4m | CN¥110.1m | CN¥89.9m | CN¥80.8m | CN¥75.3m | CN¥92.2m |
| Operating income | −CN¥14.3m | −CN¥31.7m | −CN¥17.1m | −CN¥30.0m | −CN¥34.9m | −CN¥46.5m | −CN¥22.7m | −CN¥87.5m |
| Net income | −CN¥19.7m | −CN¥37.0m | −CN¥11.3m | −CN¥47.3m | −CN¥34.4m | −CN¥48.9m | −CN¥22.1m | −CN¥120.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.02 | -0.01 | -0.02 | -0.01 | -0.05 |
| Cash from operations | — | — | — | — | −CN¥45.0m | −CN¥7.0m | −CN¥54.0m | −CN¥19.0m |
| Capital spending | — | — | — | −CN¥1.0m | — | −CN¥1.0m | — | −CN¥19.0m |
| Free cash flow | — | — | — | — | — | −CN¥8.0m | — | −CN¥38.0m |
| Total assets | CN¥1.50bn | CN¥1.54bn | CN¥1.59bn | CN¥1.62bn | CN¥1.66bn | CN¥1.68bn | CN¥1.74bn | CN¥1.82bn |
| Cash and short-term investments | — | — | — | — | CN¥256.5m | CN¥302.8m | CN¥312.3m | CN¥404.6m |
| Debt | — | — | — | — | CN¥14.2m | CN¥4.7m | CN¥4.7m | CN¥4.7m |
| Shareholders' equity | CN¥1.22bn | CN¥1.23bn | CN¥1.27bn | CN¥1.28bn | CN¥1.33bn | CN¥1.36bn | CN¥1.41bn | CN¥1.43bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -43.0% | -51.4% | 426.5% | -235.7% | -238.1% | -53.7% | — |
| Net margin | -42.9% | -56.0% | 400.2% | -251.9% | -258.0% | -70.0% | — |
| Return on equity | -11.9% | -13.3% | 108.2% | 135.7% | -244.4% | -20.9% | — |
| Return on assets | -9.5% | -10.4% | 64.6% | -79.2% | -37.8% | -9.1% | — |
| Free cash flow yield | -2.1% | -3.3% | -0.3% | -0.1% | 2.9% | 27.5% | — |
| Revenue growth | 4.7% | -22.2% | -30.5% | 61.8% | -9.1% | -26.9% | — |
| Earnings growth | -19.8% | -110.9% | -210.4% | 58.0% | 235.1% | -70.7% | — |
| Current ratio | 3.42x | 3.40x | 1.93x | 0.35x | 0.80x | 1.21x | — |
| Debt to equity | — | 0.00x | 0.03x | -0.39x | 1.33x | 0.48x | 0.57x |
| Equity ratio | 79.2% | 78.6% | 59.7% | -58.3% | 15.5% | 43.6% | — |
| Interest coverage | -63.12x | -31.10x | 15.63x | -16.61x | -12.09x | -3.29x | — |
| R&D as a share of sales | 4.7% | 6.2% | 5.5% | 4.3% | 2.6% | 1.0% | — |
| Buybacks as a share of market value | -15.8% | 57.5% | -0.4% | -553.7% | -65.1% | 31.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.3% | -3.6% | -6.2% |
| Operating income | -47.1% | -16.9% | — |
| Net income | -54.2% | -12.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -39.9% | 38.8% | -14.4% | -29.2% |
| Net margin | -49.3% | -10.1% | -57.4% | -50.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -42.0 | -36.4 | 9.1 | -9.9 | -2.6 | -3.1 | -2.7 | -3.6 | 66.0 | 102.9 |
| Price to sales | 18.0 | 20.3 | 36.5 | 24.8 | 6.8 | 2.2 | 4.8 | 3.9 | 10.5 | 11.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jun 2016.
| FY2016 | FY2012 | FY2009 | FY2007 | |
|---|---|---|---|---|
| Paid in the year | 0.056 | 0.10 | 0.015 | 0.025 |
- 1-to-1 reverse split · 29 Dec 2023
- 2-for-1 split · 1 Jun 2016
- 2-for-1 split · 8 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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