S 
1.16
-0.85%
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¥1.60bn
FY2016FY2025
Net income
−CN¥133.4m
FY2016FY2025
Free cash flow
CN¥64.3m
FY2016FY2025
Shareholders' equity
CN¥470.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.60bn | CN¥757.7m | CN¥1.00bn | CN¥3.56bn | CN¥8.04bn | CN¥12.25bn | CN¥13.05bn | CN¥14.40bn | CN¥12.54bn | CN¥10.11bn |
| Research and development | CN¥48.1m | CN¥23.7m | CN¥28.3m | CN¥112.2m | CN¥239.0m | CN¥399.7m | CN¥337.1m | CN¥391.4m | CN¥279.2m | CN¥276.3m |
| Operating income | −CN¥79.5m | −CN¥176.2m | CN¥3.70bn | −CN¥5.21bn | −CN¥5.66bn | −CN¥313.0m | CN¥239.3m | CN¥797.9m | CN¥790.6m | CN¥577.5m |
| Net income | −CN¥133.4m | −CN¥200.6m | CN¥2.13bn | −CN¥5.31bn | −CN¥5.59bn | −CN¥784.3m | CN¥143.9m | CN¥348.4m | CN¥646.7m | CN¥402.7m |
| Diluted earnings per share | -0.05 | -0.04 | 0.57 | -2.02 | -3.64 | -0.52 | 0.08 | 0.24 | 0.41 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.84bn | CN¥2.51bn | CN¥2.40bn | CN¥10.79bn | CN¥16.22bn | CN¥23.41bn | CN¥24.44bn | CN¥20.97bn | CN¥15.86bn | CN¥15.85bn |
| Cash and short-term investments | — | CN¥538.0m | CN¥183.7m | CN¥708.4m | CN¥1.06bn | CN¥2.29bn | CN¥3.07bn | CN¥3.40bn | CN¥2.06bn | CN¥1.55bn |
| Total liabilities | CN¥2.37bn | CN¥1.93bn | CN¥1.62bn | CN¥15.80bn | CN¥15.68bn | CN¥17.05bn | CN¥17.39bn | CN¥13.83bn | CN¥8.99bn | CN¥9.54bn |
| Debt | CN¥1.24bn | CN¥1.25bn | CN¥1.25bn | CN¥6.42bn | CN¥4.39bn | CN¥4.57bn | CN¥5.27bn | CN¥4.00bn | CN¥1.95bn | CN¥2.05bn |
| Shareholders' equity | CN¥470.4m | CN¥575.3m | CN¥775.9m | −CN¥4.77bn | CN¥524.8m | CN¥6.25bn | CN¥6.94bn | CN¥6.95bn | CN¥6.67bn | CN¥6.10bn |
| Shares outstanding | 2,431m | 5,363m | 3,699m | 2,631m | 1,537m | 1,509m | 1,763m | 1,442m | 1,562m | 1,493m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥82.3m | −CN¥105.1m | −CN¥99.0m | −CN¥900.3m | −CN¥904.8m | CN¥603.0m | −CN¥997.2m | CN¥449.3m | CN¥1.05bn | CN¥214.9m |
| Capital spending | −CN¥18.0m | −CN¥52.6m | −CN¥557,398 | −CN¥934,306 | −CN¥87.6m | −CN¥194.4m | −CN¥312.1m | −CN¥479.4m | −CN¥329.1m | −CN¥263.6m |
| Free cash flow | CN¥64.3m | −CN¥157.7m | −CN¥99.6m | −CN¥901.3m | −CN¥992.4m | CN¥408.6m | −CN¥1.31bn | −CN¥30.1m | CN¥722.3m | −CN¥48.7m |
| Dividends paid | −CN¥23.0m | −CN¥35.5m | −CN¥8.3m | −CN¥52.5m | −CN¥188.1m | −CN¥18.4m | −CN¥46.1m | −CN¥275.4m | −CN¥87.7m | −CN¥183.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥576.8m | CN¥396.4m | CN¥599.0m | CN¥462.8m | CN¥341.0m | CN¥197.2m | CN¥476.5m | CN¥115.0m |
| Operating income | −CN¥3.8m | −CN¥19.8m | −CN¥3.1m | −CN¥24.6m | −CN¥32.2m | −CN¥41.0m | −CN¥22.9m | −CN¥51.1m |
| Net income | −CN¥20.2m | −CN¥25.3m | −CN¥38.0m | −CN¥24.3m | −CN¥30.2m | −CN¥41.0m | −CN¥22.5m | −CN¥58.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 | -0.00 | -0.01 |
| Cash from operations | — | — | — | CN¥59.0m | −CN¥56.0m | −CN¥84.0m | — | — |
| Capital spending | −CN¥1.0m | −CN¥1.0m | — | — | −CN¥3.0m | −CN¥13.0m | −CN¥11.0m | −CN¥14.0m |
| Free cash flow | — | — | — | — | −CN¥59.0m | −CN¥97.0m | — | — |
| Total assets | CN¥3.01bn | CN¥2.76bn | CN¥2.84bn | CN¥2.56bn | CN¥2.53bn | CN¥2.45bn | CN¥2.51bn | CN¥2.32bn |
| Cash and short-term investments | — | — | — | CN¥434.2m | CN¥384.8m | CN¥440.2m | CN¥538.0m | CN¥546.4m |
| Debt | CN¥1.24bn | CN¥1.24bn | CN¥1.24bn | CN¥4.6m | CN¥1.24bn | CN¥1.25bn | CN¥1.25bn | CN¥1.25bn |
| Shareholders' equity | CN¥424.7m | CN¥445.0m | CN¥470.4m | CN¥479.9m | CN¥504.2m | CN¥534.3m | CN¥575.3m | CN¥597.8m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -7.0% | -22.8% | 326.3% | -146.3% | -70.5% | -2.3% |
| Net margin | -8.3% | -26.5% | 212.1% | -148.9% | -69.5% | -6.4% |
| Return on equity | -28.4% | -34.9% | 274.1% | 111.2% | -1064.9% | -12.6% |
| Return on assets | -4.7% | -8.0% | 88.6% | -49.2% | -34.5% | -3.4% |
| Free cash flow yield | 3.1% | -0.7% | -2.0% | -25.5% | -39.7% | 39.4% |
| Revenue growth | 111.2% | -24.4% | -71.9% | -55.7% | -34.4% | -6.1% |
| Earnings growth | -33.5% | -109.4% | -140.1% | -5.0% | 612.5% | -645.1% |
| Current ratio | 1.30x | 1.63x | 2.71x | 0.53x | 0.91x | 1.27x |
| Debt to equity | 2.64x | 2.16x | 1.61x | -1.14x | 7.85x | 0.65x |
| Equity ratio | 16.5% | 22.9% | 32.3% | -44.2% | 3.2% | 26.7% |
| Interest coverage | -4.92x | -5.48x | 6.01x | -11.68x | -17.44x | -0.50x |
| R&D as a share of sales | 3.0% | 3.1% | 2.8% | 3.1% | 3.0% | 3.3% |
| Buybacks as a share of market value | 54.7% | -45.0% | -40.6% | -71.2% | -1.9% | 14.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.4% | -33.4% | -14.9% |
| Operating income | -75.2% | -24.0% | — |
| Net income | -70.7% | -29.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.8% | -25.6% | -28.5% | -5.9% |
| Net margin | -14.2% | -50.8% | -36.3% | -9.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.8 | -57.7 | 3.7 | -0.9 | -0.7 | -5.9 | 53.7 | 24.0 | 19.4 | 34.3 |
| Price to sales | 2.6 | 15.3 | 7.9 | 1.3 | 0.5 | 0.4 | 0.6 | 0.6 | 1.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.03 | 0.05 | 0.05 | 0.04 | 0.06 | 0.06 | 0.04 |
- 1-to-1 reverse split · 20 Dec 2023
- 5-for-2 split · 27 Jun 2016
- 8-for-5 split · 5 Jun 2012
- 2-for-1 split · 20 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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