S 
2.05
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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¥13.06bn
FY2016FY2025
Net income
−CN¥1.97bn
FY2016FY2025
Free cash flow
CN¥2.63bn
FY2016FY2025
Shareholders' equity
CN¥6.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.06bn | CN¥8.40bn | CN¥12.06bn | CN¥12.15bn | CN¥11.18bn | CN¥11.23bn | CN¥7.24bn | CN¥7.05bn | CN¥7.36bn | CN¥4.99bn |
| Research and development | CN¥74.2m | CN¥49.7m | CN¥43.1m | CN¥60.3m | CN¥40.0m | CN¥27.3m | CN¥25.3m | CN¥22.7m | CN¥22.5m | CN¥20.5m |
| Operating income | CN¥1.36bn | −CN¥1.11bn | CN¥535.3m | CN¥731.5m | CN¥767.2m | CN¥1.47bn | CN¥1.08bn | CN¥1.20bn | CN¥1.65bn | CN¥880.4m |
| Net income | −CN¥1.97bn | −CN¥1.77bn | CN¥147.0m | CN¥680.8m | CN¥976.0m | CN¥1.29bn | CN¥403.5m | CN¥502.0m | CN¥586.0m | CN¥527.0m |
| Diluted earnings per share | -0.73 | -0.65 | 0.05 | 0.25 | 0.36 | 0.48 | 0.15 | 0.19 | 0.34 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥59.89bn | CN¥69.97bn | CN¥72.81bn | CN¥69.34bn | CN¥71.25bn | CN¥52.30bn | CN¥43.02bn | CN¥31.52bn | CN¥16.53bn | CN¥14.72bn |
| Cash and short-term investments | — | CN¥7.52bn | CN¥8.60bn | CN¥6.01bn | CN¥10.16bn | CN¥8.35bn | CN¥6.81bn | CN¥5.16bn | CN¥2.59bn | CN¥3.58bn |
| Total liabilities | CN¥45.91bn | CN¥53.84bn | CN¥55.08bn | CN¥51.11bn | CN¥53.65bn | CN¥40.41bn | CN¥31.58bn | CN¥20.73bn | CN¥9.82bn | CN¥8.22bn |
| Debt | CN¥21.18bn | CN¥23.80bn | CN¥28.87bn | CN¥24.74bn | CN¥23.61bn | CN¥19.31bn | CN¥12.69bn | CN¥8.66bn | CN¥3.24bn | CN¥2.22bn |
| Shareholders' equity | CN¥6.88bn | CN¥8.85bn | CN¥10.27bn | CN¥10.23bn | CN¥9.56bn | CN¥9.49bn | CN¥8.41bn | CN¥8.08bn | CN¥5.89bn | CN¥5.64bn |
| Shares outstanding | 2,708m | 2,708m | 2,708m | 2,767m | 2,723m | 2,704m | 2,706m | 2,709m | 1,727m | 2,101m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.07bn | −CN¥219.0m | CN¥5.70bn | −CN¥2.26bn | CN¥3.01bn | −CN¥1.40bn | −CN¥2.35bn | CN¥837.5m | −CN¥491.9m | CN¥977.5m |
| Capital spending | −CN¥1.45bn | −CN¥1.95bn | −CN¥4.42bn | −CN¥3.87bn | −CN¥4.24bn | −CN¥4.59bn | −CN¥2.27bn | −CN¥1.58bn | −CN¥17.6m | −CN¥52.8m |
| Free cash flow | CN¥2.63bn | −CN¥2.17bn | CN¥1.28bn | −CN¥6.13bn | −CN¥1.23bn | −CN¥5.99bn | −CN¥4.62bn | −CN¥739.7m | −CN¥509.4m | CN¥924.7m |
| Dividends paid | −CN¥881.7m | −CN¥1.17bn | −CN¥1.46bn | −CN¥1.44bn | −CN¥270.8m | −CN¥157.1m | −CN¥760.6m | −CN¥514.7m | −CN¥466.6m | −CN¥444.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.69bn | CN¥1.37bn | CN¥2.16bn | CN¥5.13bn | CN¥1.72bn | CN¥4.06bn | CN¥4.26bn | CN¥1.41bn |
| Operating income | CN¥1.2m | CN¥107.3m | −CN¥119.0m | CN¥754.0m | CN¥95.9m | CN¥621.6m | −CN¥923.0m | −CN¥190.6m |
| Net income | −CN¥495.8m | −CN¥143.0m | −CN¥2.30bn | CN¥238.4m | −CN¥153.5m | CN¥245.0m | −CN¥1.42bn | −CN¥230.3m |
| Diluted earnings per share | -0.18 | -0.05 | -0.85 | 0.09 | -0.06 | 0.09 | -0.53 | -0.09 |
| Cash from operations | — | — | — | CN¥1.03bn | CN¥842.0m | CN¥319.0m | CN¥892.0m | CN¥278.0m |
| Capital spending | −CN¥212.0m | −CN¥313.0m | −CN¥335.0m | −CN¥447.0m | −CN¥378.0m | −CN¥285.0m | −CN¥647.0m | −CN¥448.0m |
| Free cash flow | — | — | — | CN¥582.0m | CN¥464.0m | CN¥34.0m | CN¥245.0m | −CN¥170.0m |
| Total assets | CN¥58.03bn | CN¥58.72bn | CN¥59.89bn | CN¥62.64bn | CN¥65.91bn | CN¥66.43bn | CN¥69.97bn | CN¥73.84bn |
| Cash and short-term investments | — | — | — | CN¥6.02bn | CN¥5.94bn | CN¥6.36bn | CN¥7.15bn | CN¥7.31bn |
| Debt | CN¥20.69bn | CN¥20.87bn | CN¥21.18bn | CN¥6.96bn | CN¥21.62bn | CN¥21.92bn | CN¥23.61bn | CN¥22.84bn |
| Shareholders' equity | CN¥6.24bn | CN¥6.74bn | CN¥6.88bn | CN¥9.18bn | CN¥8.94bn | CN¥9.09bn | CN¥8.85bn | CN¥9.91bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -4.0% | -8.8% | 4.4% | 6.0% | 6.9% | 13.1% |
| Net margin | -15.1% | -21.1% | 1.2% | 5.6% | 8.7% | 11.5% |
| Return on equity | -28.6% | -20.0% | 1.4% | 6.7% | 10.2% | 13.6% |
| Return on assets | -3.3% | -2.5% | 0.2% | 1.0% | 1.4% | 2.5% |
| Free cash flow yield | 87.2% | 27.3% | 159.8% | 24.9% | 113.8% | 50.5% |
| Revenue growth | 55.6% | -30.3% | -0.8% | 8.7% | -0.5% | 55.1% |
| Earnings growth | 11.1% | -1305.9% | -78.4% | -30.2% | -24.5% | 220.5% |
| Current ratio | 1.21x | 1.17x | 1.15x | 1.22x | 1.24x | 1.57x |
| Debt to equity | 3.08x | 2.67x | 2.80x | 2.40x | 2.45x | 1.88x |
| Equity ratio | 11.5% | 12.6% | 14.1% | 14.7% | 13.4% | 18.1% |
| Interest coverage | -0.59x | -0.85x | 0.86x | 1.06x | 1.12x | 2.24x |
| R&D as a share of sales | 0.6% | 0.6% | 0.4% | 0.5% | 0.4% | 0.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 2.1% | -1.6% | -0.7% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.4% | 3.1% | 10.3% |
| Operating income | 22.9% | -1.6% | 12.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | 3.3% | 5.5% | 9.0% |
| Net margin | -17.4% | -6.4% | -0.9% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -3.6 | 53.4 | 15.5 | 8.7 | 8.7 | 20.6 | 15.5 | 18.3 | 30.4 |
| Price to sales | 0.6 | 0.8 | 0.7 | 0.9 | 0.8 | 1.0 | 1.1 | 1.1 | 1.5 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Aug 2023.
| FY2023 | FY2021 | FY2020 | FY2017 | FY2016 | FY2014 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.037 | 0.10 | 0.058 | 0.207 | 0.188 | 0.05 | 0.10 | 0.125 |
- 2-for-1 split · 18 Jul 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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