S 
2.93
-0.68%
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¥557.2m
FY2016FY2025
Net income
−CN¥255.4m
FY2016FY2025
Free cash flow
CN¥10.0m
FY2016FY2025
Shareholders' equity
CN¥682.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥557.2m | CN¥636.3m | CN¥710.7m | CN¥840.6m | CN¥682.6m | CN¥616.0m | CN¥1.17bn | CN¥1.25bn | CN¥1.86bn | CN¥1.75bn |
| Research and development | CN¥271,784 | CN¥151,227 | CN¥392,412 | CN¥199,174 | CN¥5.4m | CN¥9.9m | CN¥4.2m | CN¥4.4m | CN¥7.3m | CN¥52.0m |
| Operating income | — | −CN¥155.4m | −CN¥56.3m | −CN¥683.7m | −CN¥486.2m | −CN¥170.3m | CN¥43.5m | −CN¥781.9m | CN¥106.3m | CN¥181.8m |
| Net income | −CN¥255.4m | −CN¥256.5m | −CN¥160.7m | −CN¥687.1m | −CN¥662.4m | −CN¥179.5m | CN¥33.8m | −CN¥789.8m | CN¥90.1m | CN¥155.6m |
| Diluted earnings per share | -0.25 | -0.25 | -0.16 | -0.62 | -0.61 | -0.16 | 0.05 | -0.65 | 0.09 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.05bn | CN¥3.44bn | CN¥3.73bn | CN¥3.86bn | CN¥4.86bn | CN¥5.66bn | CN¥6.00bn | CN¥5.64bn | CN¥6.37bn | CN¥5.28bn |
| Cash and short-term investments | — | CN¥116.5m | CN¥159.8m | CN¥145.4m | CN¥214.4m | CN¥260.2m | CN¥358.6m | CN¥174.4m | CN¥716.9m | CN¥850.4m |
| Total liabilities | CN¥2.43bn | CN¥2.56bn | CN¥2.59bn | CN¥2.53bn | CN¥2.69bn | CN¥2.82bn | CN¥3.43bn | CN¥3.11bn | CN¥3.16bn | CN¥2.13bn |
| Debt | CN¥286.7m | CN¥757.2m | CN¥866.3m | CN¥1.05bn | CN¥1.42bn | CN¥1.59bn | CN¥1.81bn | CN¥1.49bn | CN¥1.59bn | CN¥1.08bn |
| Shareholders' equity | CN¥682.9m | CN¥937.3m | CN¥1.19bn | CN¥1.35bn | CN¥2.04bn | CN¥2.71bn | CN¥2.43bn | CN¥2.39bn | CN¥3.18bn | CN¥3.12bn |
| Shares outstanding | 1,036m | 1,021m | 1,026m | 1,107m | 1,093m | 1,147m | 749m | 1,210m | 1,048m | 824m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥36.2m | CN¥48.3m | CN¥34.3m | CN¥27.7m | CN¥253.4m | CN¥33.9m | CN¥158.0m | −CN¥385.4m | −CN¥524.6m | −CN¥523.7m |
| Capital spending | −CN¥26.1m | −CN¥29.3m | −CN¥26.9m | −CN¥29.0m | −CN¥41.8m | −CN¥30.2m | −CN¥23.7m | −CN¥124.4m | −CN¥114.0m | −CN¥84.3m |
| Free cash flow | CN¥10.0m | CN¥19.0m | CN¥7.4m | −CN¥1.3m | CN¥211.5m | CN¥3.7m | CN¥134.3m | −CN¥509.8m | −CN¥638.5m | −CN¥608.0m |
| Dividends paid | −CN¥52.7m | −CN¥68.9m | −CN¥75.1m | −CN¥77.0m | −CN¥121.3m | −CN¥132.4m | −CN¥99.8m | −CN¥92.3m | −CN¥85.6m | −CN¥62.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥106.1m | CN¥133.9m | CN¥154.1m | CN¥135.5m | CN¥129.5m | CN¥138.0m | CN¥177.0m | CN¥144.4m |
| Operating income | CN¥8.5m | −CN¥13.1m | −CN¥3.2m | −CN¥18.6m | −CN¥16.9m | −CN¥29.8m | −CN¥174.0m | −CN¥19.4m |
| Net income | −CN¥14.9m | −CN¥120.8m | −CN¥161.0m | −CN¥16.7m | −CN¥25.5m | −CN¥52.2m | −CN¥173.9m | −CN¥21.6m |
| Diluted earnings per share | -0.01 | -0.12 | -0.16 | -0.02 | -0.02 | -0.05 | -0.17 | -0.02 |
| Cash from operations | — | — | — | CN¥16.0m | CN¥7.0m | — | — | CN¥13.0m |
| Capital spending | −CN¥7.0m | −CN¥8.0m | −CN¥8.0m | −CN¥5.0m | −CN¥5.0m | −CN¥6.0m | −CN¥10.0m | −CN¥9.0m |
| Free cash flow | — | — | — | CN¥11.0m | CN¥2.0m | — | — | CN¥4.0m |
| Total assets | CN¥2.91bn | CN¥2.96bn | CN¥3.05bn | CN¥3.20bn | CN¥3.23bn | CN¥3.26bn | CN¥3.44bn | CN¥3.60bn |
| Cash and short-term investments | — | — | — | CN¥64.1m | CN¥68.9m | CN¥78.3m | CN¥116.5m | CN¥104.9m |
| Debt | CN¥592.5m | CN¥593.1m | CN¥286.7m | CN¥244.0m | CN¥795.8m | CN¥769.0m | CN¥757.2m | CN¥895.5m |
| Shareholders' equity | CN¥510.7m | CN¥535.1m | CN¥682.9m | CN¥842.6m | CN¥859.4m | CN¥885.1m | CN¥937.3m | CN¥1.11bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -30.3% | -24.4% | -7.9% | -81.3% | -71.2% | -3.7% |
| Net margin | -45.8% | -40.3% | -22.6% | -81.7% | -97.0% | -29.1% |
| Return on equity | -37.4% | -27.4% | -13.5% | -50.8% | -32.5% | -6.6% |
| Return on assets | -8.4% | -7.5% | -4.3% | -17.8% | -13.6% | -3.2% |
| Free cash flow yield | 1.9% | 2.5% | 1.9% | 1.7% | 8.7% | 1.8% |
| Revenue growth | -12.4% | -10.5% | -15.5% | 23.1% | 10.8% | -47.5% |
| Earnings growth | -0.4% | 59.6% | -76.6% | 3.7% | 269.1% | -630.9% |
| Current ratio | 0.97x | 1.14x | 1.22x | 1.30x | 1.49x | 1.49x |
| Debt to equity | 0.42x | 1.76x | 0.72x | 0.72x | 0.49x | 0.57x |
| Equity ratio | 22.4% | 27.3% | 32.0% | 35.1% | 42.0% | 47.9% |
| Interest coverage | -1.80x | -1.46x | -0.46x | -5.56x | -3.17x | -0.15x |
| R&D as a share of sales | 0.0% | 0.0% | 0.1% | 0.0% | 0.8% | 1.6% |
| Buybacks as a share of market value | -1.5% | 0.5% | 7.3% | -1.3% | 4.7% | -53.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.8% | -2.0% | -8.5% |
| Net income | -28.1% | 7.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -42.9% | -49.5% | -54.5% | -22.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.6 | -10.9 | -23.9 | -9.5 | -18.0 | -15.0 | 64.5 | -4.7 | 63.8 | 41.6 |
| Price to sales | 6.7 | 4.4 | 5.4 | 7.7 | 17.4 | 4.4 | 1.9 | 3.0 | 3.1 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2017.
| FY2017 | FY2016 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.023 | 0.023 | 0.076 | 0.025 | 0.016 |
- 11-for-5 split · 18 Apr 2016
- 9-for-5 split · 29 May 2013
- 8-for-5 split · 10 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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