S 
4.54
+5.83%
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¥472.4m
FY2016FY2025
Net income
−CN¥1.09bn
FY2016FY2025
Free cash flow
CN¥159.4m
FY2016FY2025
Shareholders' equity
CN¥928.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥472.4m | CN¥544.5m | CN¥964.1m | CN¥1.09bn | CN¥852.6m | CN¥962.5m | CN¥842.9m | CN¥896.6m | CN¥709.7m | CN¥646.5m |
| Gross profit | CN¥173.6m | CN¥185.9m | CN¥387.6m | CN¥430.9m | CN¥333.9m | CN¥396.5m | CN¥358.0m | CN¥400.9m | CN¥311.3m | CN¥302.3m |
| Research and development | CN¥9.1m | CN¥13.0m | CN¥26.6m | CN¥28.6m | CN¥29.7m | CN¥19.7m | CN¥8.1m | CN¥8.6m | CN¥8.0m | CN¥7.1m |
| Operating income | CN¥32.8m | −CN¥64.2m | CN¥593.5m | CN¥226.0m | CN¥172.4m | CN¥218.6m | CN¥202.8m | CN¥197.0m | CN¥134.8m | CN¥128.9m |
| Net income | −CN¥1.09bn | −CN¥72.0m | CN¥438.0m | CN¥184.0m | CN¥120.1m | CN¥153.2m | CN¥152.2m | CN¥143.7m | CN¥96.1m | CN¥82.7m |
| Diluted earnings per share | -1.46 | -0.17 | 1.23 | 0.46 | 0.30 | 0.38 | 0.46 | 0.33 | 0.27 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.43bn | CN¥4.70bn | CN¥3.90bn | CN¥3.00bn | CN¥2.13bn | CN¥1.73bn | CN¥1.50bn | CN¥1.31bn | CN¥1.49bn | CN¥1.43bn |
| Cash and short-term investments | — | CN¥187.7m | CN¥370.8m | CN¥388.5m | CN¥490.0m | CN¥680.9m | CN¥548.1m | CN¥287.0m | CN¥508.6m | CN¥491.9m |
| Total liabilities | CN¥2.52bn | CN¥2.71bn | CN¥1.72bn | CN¥1.25bn | CN¥648.7m | CN¥421.1m | CN¥311.8m | CN¥236.0m | CN¥399.8m | CN¥309.1m |
| Debt | CN¥739.4m | CN¥1.32bn | CN¥897.9m | CN¥847.4m | CN¥426.3m | CN¥195.1m | CN¥110.1m | CN¥4.0m | CN¥110.0m | CN¥110.0m |
| Shareholders' equity | CN¥928.3m | CN¥2.00bn | CN¥2.14bn | CN¥1.67bn | CN¥1.40bn | CN¥1.27bn | CN¥1.14bn | CN¥1.03bn | CN¥1.04bn | CN¥1.02bn |
| Shares outstanding | 751m | 421m | 356m | 401m | 399m | 400m | 331m | 432m | 360m | 372m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥176.1m | CN¥15.3m | CN¥225.2m | CN¥321.5m | CN¥112.4m | CN¥204.8m | CN¥166.7m | CN¥203.7m | CN¥155.1m | CN¥149.8m |
| Capital spending | −CN¥16.7m | −CN¥857.6m | −CN¥946.7m | −CN¥906.3m | −CN¥500.5m | −CN¥35.4m | −CN¥49.6m | −CN¥46.5m | −CN¥68.7m | −CN¥33.9m |
| Free cash flow | CN¥159.4m | −CN¥842.3m | −CN¥721.4m | −CN¥584.8m | −CN¥388.2m | CN¥169.4m | CN¥117.2m | CN¥157.1m | CN¥86.4m | CN¥115.9m |
| Dividends paid | −CN¥117.6m | −CN¥130.8m | −CN¥42.6m | −CN¥28.8m | −CN¥38.1m | −CN¥56.1m | −CN¥37.4m | −CN¥61.6m | −CN¥42.5m | −CN¥42.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥97.6m | CN¥86.4m | CN¥141.3m | CN¥75.4m | CN¥143.8m | CN¥111.8m | CN¥128.0m | CN¥99.7m |
| Gross profit | CN¥47.4m | CN¥34.8m | CN¥51.4m | CN¥39.7m | CN¥38.9m | CN¥43.5m | CN¥32.1m | CN¥35.0m |
| Operating income | CN¥13.2m | CN¥6.0m | −CN¥5.5m | −CN¥18.8m | CN¥9.1m | CN¥9.7m | −CN¥123.6m | −CN¥752,000 |
| Net income | −CN¥37.4m | −CN¥11.1m | −CN¥1.08bn | −CN¥21.0m | CN¥785,224 | CN¥10.3m | −CN¥111.3m | −CN¥6.4m |
| Diluted earnings per share | -0.05 | -0.01 | -1.44 | -0.03 | 0.00 | 0.01 | -0.26 | -0.02 |
| Cash from operations | — | — | — | CN¥17.0m | CN¥39.0m | CN¥22.0m | — | −CN¥32.0m |
| Capital spending | — | −CN¥1.0m | −CN¥8.0m | −CN¥1.0m | −CN¥1.0m | −CN¥4.0m | −CN¥31.0m | −CN¥267.0m |
| Free cash flow | — | — | — | CN¥16.0m | CN¥38.0m | CN¥18.0m | — | −CN¥299.0m |
| Total assets | CN¥3.40bn | CN¥3.41bn | CN¥3.43bn | CN¥4.57bn | CN¥4.62bn | CN¥4.67bn | CN¥4.70bn | CN¥4.60bn |
| Cash and short-term investments | — | — | — | CN¥101.7m | CN¥99.9m | CN¥148.4m | CN¥187.7m | CN¥301.8m |
| Debt | CN¥560.0m | CN¥739.1m | CN¥739.4m | CN¥948.4m | CN¥1.24bn | CN¥1.17bn | CN¥1.32bn | CN¥1.48bn |
| Shareholders' equity | CN¥883.8m | CN¥919.1m | CN¥928.3m | CN¥2.00bn | CN¥2.02bn | CN¥2.02bn | CN¥2.00bn | CN¥2.13bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.7% | 34.1% | 40.2% | 39.5% | 39.2% | 41.2% |
| Operating margin | -208.4% | -11.8% | 62.2% | 23.0% | 20.8% | 23.1% |
| Net margin | -231.5% | -13.2% | 45.4% | 16.9% | 14.1% | 15.9% |
| Return on equity | -117.8% | -3.6% | 20.4% | 11.0% | 8.6% | 12.1% |
| Return on assets | -31.9% | -1.5% | 11.2% | 6.1% | 5.6% | 8.8% |
| Free cash flow yield | 5.8% | 47.2% | 74.7% | 69.6% | 34.9% | 13.7% |
| Revenue growth | -13.3% | -43.5% | -11.6% | 27.9% | -11.4% | 14.2% |
| Earnings growth | 1418.9% | -116.4% | 138.1% | 53.1% | -21.6% | 0.6% |
| Current ratio | 0.33x | 0.38x | 0.78x | 0.93x | 2.53x | 4.35x |
| Debt to equity | 0.80x | 0.66x | 0.42x | 0.43x | 0.29x | 0.15x |
| Equity ratio | 27.1% | 42.6% | 54.9% | 55.5% | 65.6% | 73.1% |
| Interest coverage | -8.17x | -1.71x | 16.20x | 8.13x | 13.53x | 26.36x |
| R&D as a share of sales | 1.9% | 2.4% | 2.8% | 2.6% | 3.5% | 2.0% |
| Buybacks as a share of market value | -78.6% | -18.0% | 11.1% | -0.6% | 0.3% | -20.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.3% | -13.3% | -3.5% |
| Operating income | -47.4% | -31.5% | -12.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.4% | 38.4% | 39.1% | 41.5% |
| Operating margin | -3.1% | 25.7% | 24.1% | 22.7% |
| Net margin | -114.6% | -17.7% | -5.5% | 3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -28.7 | 5.9 | 15.3 | 30.9 | 20.4 | 11.7 | 16.4 | 25.0 | 54.1 |
| Price to sales | 7.7 | 3.8 | 2.7 | 2.6 | 4.3 | 3.2 | 2.1 | 2.6 | 3.4 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jul 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.186 | 0.10 | 0.15 | 0.10 | 0.15 | 0.10 | 0.10 | 0.10 |
- 2-for-1 split · 24 Apr 2014
- 3-for-2 split · 25 Apr 2013
- 2-for-1 split · 26 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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