S 
5.87
-0.84%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥494.8m
FY2016FY2025
Net income
−CN¥290.4m
FY2016FY2025
Free cash flow
−CN¥60.9m
FY2016FY2025
Shareholders' equity
−CN¥112.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥494.8m | CN¥944.9m | CN¥1.40bn | CN¥1.87bn | CN¥2.94bn | CN¥5.24bn | CN¥4.75bn | CN¥4.27bn | CN¥2.91bn | CN¥1.98bn |
| Research and development | CN¥54.8m | CN¥89.6m | CN¥87.7m | CN¥107.1m | CN¥212.3m | CN¥219.6m | CN¥192.6m | CN¥150.5m | CN¥113.8m | CN¥130.8m |
| Operating income | — | −CN¥351.7m | −CN¥710.7m | −CN¥981.7m | −CN¥1.43bn | CN¥85.5m | CN¥132.5m | CN¥134.8m | CN¥65.2m | −CN¥447.8m |
| Net income | −CN¥290.4m | −CN¥403.6m | −CN¥770.6m | −CN¥1.00bn | −CN¥1.44bn | CN¥87.5m | CN¥75.1m | CN¥138.8m | CN¥127.3m | −CN¥420.8m |
| Diluted earnings per share | -0.24 | -0.34 | -0.64 | -0.84 | -1.20 | 0.07 | 0.06 | 0.12 | 0.12 | -0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.65bn | CN¥2.04bn | CN¥2.93bn | CN¥4.48bn | CN¥6.08bn | CN¥7.74bn | CN¥6.54bn | CN¥5.46bn | CN¥4.41bn | CN¥4.08bn |
| Cash and short-term investments | — | CN¥185.4m | CN¥312.3m | CN¥854.3m | CN¥1.18bn | CN¥600.8m | CN¥854.2m | CN¥648.9m | CN¥401.0m | CN¥365.8m |
| Total liabilities | CN¥1.78bn | CN¥1.88bn | CN¥2.54bn | CN¥3.24bn | CN¥3.76bn | CN¥3.94bn | CN¥2.75bn | CN¥1.79bn | CN¥1.48bn | CN¥1.19bn |
| Debt | CN¥187.7m | CN¥373.8m | CN¥891.8m | CN¥1.53bn | CN¥1.54bn | CN¥1.66bn | CN¥1.13bn | CN¥675.6m | CN¥725.6m | CN¥688.6m |
| Shareholders' equity | −CN¥112.7m | CN¥175.4m | CN¥410.0m | CN¥1.25bn | CN¥2.33bn | CN¥3.80bn | CN¥3.78bn | CN¥3.66bn | CN¥2.92bn | CN¥2.88bn |
| Shares outstanding | 1,188m | 1,197m | 1,198m | 1,198m | 1,199m | 1,197m | 1,194m | 1,197m | 1,043m | 1,048m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥48.2m | CN¥30.9m | CN¥343.0m | −CN¥85.0m | CN¥118.5m | −CN¥571.4m | −CN¥830.4m | −CN¥295.9m | −CN¥28.6m | −CN¥67.5m |
| Capital spending | −CN¥12.6m | −CN¥23.0m | −CN¥98.6m | −CN¥90.2m | −CN¥49.3m | −CN¥88.1m | −CN¥31.8m | −CN¥51.1m | −CN¥41.1m | −CN¥34.5m |
| Free cash flow | −CN¥60.9m | CN¥7.9m | CN¥244.4m | −CN¥175.2m | CN¥69.2m | −CN¥659.5m | −CN¥862.1m | −CN¥347.0m | −CN¥69.7m | −CN¥101.9m |
| Dividends paid | −CN¥25.4m | −CN¥31.2m | −CN¥55.7m | −CN¥73.0m | −CN¥73.4m | −CN¥69.3m | −CN¥50.4m | −CN¥37.7m | −CN¥22.8m | −CN¥11.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥99.0m | CN¥90.3m | CN¥145.3m | CN¥114.4m | CN¥131.3m | CN¥103.8m | CN¥241.9m | CN¥189.7m |
| Operating income | −CN¥23.5m | −CN¥23.5m | −CN¥66.2m | −CN¥64.6m | −CN¥16.8m | CN¥4.9m | −CN¥315.5m | −CN¥5.3m |
| Net income | −CN¥90.8m | −CN¥19.6m | −CN¥216.3m | −CN¥64.5m | −CN¥14.4m | CN¥4.8m | −CN¥327.1m | −CN¥7.0m |
| Diluted earnings per share | -0.08 | -0.02 | -0.18 | -0.05 | -0.01 | 0.00 | -0.27 | -0.01 |
| Cash from operations | — | — | — | −CN¥28.0m | −CN¥16.0m | −CN¥9.0m | — | CN¥4.0m |
| Capital spending | — | — | −CN¥3.0m | — | −CN¥1.0m | −CN¥7.0m | −CN¥7.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | −CN¥17.0m | −CN¥16.0m | — | CN¥2.0m |
| Total assets | CN¥1.49bn | CN¥1.51bn | CN¥1.65bn | CN¥1.89bn | CN¥1.90bn | CN¥1.95bn | CN¥2.04bn | CN¥2.59bn |
| Cash and short-term investments | — | — | — | CN¥101.2m | CN¥140.2m | CN¥164.0m | CN¥185.4m | CN¥201.0m |
| Debt | CN¥107.4m | CN¥187.6m | CN¥187.7m | CN¥604.8m | CN¥679.7m | CN¥493.6m | CN¥373.5m | CN¥399.6m |
| Shareholders' equity | −CN¥217.3m | −CN¥131.0m | −CN¥112.7m | CN¥101.2m | CN¥163.9m | CN¥181.4m | CN¥175.4m | CN¥412.4m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -52.3% | -37.2% | -50.9% | -48.2% | -45.8% | 3.4% |
| Net margin | -58.7% | -42.7% | -55.2% | -53.7% | -48.9% | 1.7% |
| Return on equity | 257.6% | -230.1% | -188.0% | -80.2% | -61.7% | 2.3% |
| Return on assets | -17.6% | -19.8% | -26.3% | -22.4% | -23.6% | 1.1% |
| Free cash flow yield | -0.5% | 0.8% | 6.2% | 0.1% | 2.3% | -6.7% |
| Revenue growth | -47.6% | -32.3% | -25.3% | -36.3% | -43.9% | 10.2% |
| Earnings growth | -28.0% | -47.6% | -23.2% | -30.1% | -1740.6% | 16.5% |
| Current ratio | 0.71x | 0.81x | 1.07x | 1.20x | 1.36x | 1.37x |
| Debt to equity | -1.66x | 2.13x | 2.16x | 1.18x | 0.51x | 0.44x |
| Equity ratio | -6.8% | 8.6% | 14.0% | 27.9% | 38.3% | 49.0% |
| Interest coverage | -8.99x | -7.24x | -12.42x | -10.65x | -14.44x | 2.39x |
| R&D as a share of sales | 11.1% | 9.5% | 6.3% | 5.7% | 7.2% | 4.2% |
| Buybacks as a share of market value | 0.8% | 0.1% | 0.0% | 0.0% | -0.1% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.8% | -37.6% | -12.2% |
| Net income | -33.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -48.2% | -52.5% | -29.6% | -13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -8.5 | -12.6 | -13.4 | -3.1 | 47.8 | 83.6 | 31.4 | 42.1 | -18.3 |
| Price to sales | 6.4 | 3.6 | 7.0 | 7.2 | 1.5 | 0.8 | 1.3 | 1.0 | 1.8 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.051 | 0.079 | 0.079 | 0.053 | 0.049 |
- 13-for-10 split · 23 May 2016
- 3-for-2 split · 19 Jun 2015
- 13-for-10 split · 28 May 2014
- 3-for-2 split · 13 Jul 2012
- 8-for-5 split · 5 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.