S 
3.53
+0.28%
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¥4.75bn
FY2016FY2025
Net income
−CN¥292.7m
FY2016FY2025
Free cash flow
CN¥96.2m
FY2016FY2025
Shareholders' equity
CN¥1.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.75bn | CN¥4.56bn | CN¥4.04bn | CN¥3.97bn | CN¥4.87bn | CN¥4.07bn | CN¥2.40bn | CN¥2.80bn | CN¥3.06bn | CN¥2.76bn |
| Gross profit | CN¥525.6m | CN¥480.9m | CN¥15.9m | CN¥318.8m | CN¥310.9m | CN¥1.15bn | CN¥560.7m | CN¥399.2m | CN¥560.9m | CN¥415.5m |
| Research and development | CN¥54.0m | CN¥51.0m | CN¥50.3m | CN¥52.3m | CN¥65.1m | CN¥78.4m | CN¥47.3m | CN¥51.9m | CN¥54.4m | CN¥48.1m |
| Operating income | −CN¥97.8m | CN¥41.2m | −CN¥491.5m | CN¥93.1m | −CN¥838.7m | CN¥290.0m | CN¥230.0m | −CN¥178.3m | CN¥132.7m | CN¥212.4m |
| Net income | −CN¥292.7m | CN¥30.2m | −CN¥659.9m | CN¥19.9m | −CN¥992.2m | CN¥132.2m | CN¥140.5m | −CN¥287.2m | CN¥67.7m | CN¥158.8m |
| Diluted earnings per share | -0.37 | 0.13 | -0.93 | 0.03 | -1.67 | 0.25 | 0.25 | -0.55 | 0.15 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.27bn | CN¥5.41bn | CN¥5.98bn | CN¥6.98bn | CN¥5.85bn | CN¥6.16bn | CN¥4.16bn | CN¥4.05bn | CN¥3.51bn | CN¥3.41bn |
| Cash and short-term investments | — | CN¥337.8m | CN¥754.5m | CN¥1.28bn | CN¥863.0m | CN¥1.20bn | CN¥526.1m | CN¥596.8m | CN¥402.2m | CN¥424.2m |
| Total liabilities | CN¥3.99bn | CN¥3.81bn | CN¥4.43bn | CN¥4.80bn | CN¥4.56bn | CN¥3.10bn | CN¥2.11bn | CN¥2.55bn | CN¥1.65bn | CN¥1.45bn |
| Debt | CN¥440.6m | CN¥2.20bn | CN¥3.23bn | CN¥3.25bn | CN¥2.94bn | CN¥1.87bn | CN¥1.23bn | CN¥1.73bn | CN¥977.6m | CN¥778.2m |
| Shareholders' equity | CN¥1.23bn | CN¥1.51bn | CN¥1.48bn | CN¥2.13bn | CN¥1.82bn | CN¥2.64bn | CN¥1.84bn | CN¥1.29bn | CN¥1.64bn | CN¥1.65bn |
| Shares outstanding | 788m | 229m | 707m | 685m | 593m | 522m | 566m | 519m | 466m | 458m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥332.5m | CN¥423.4m | CN¥125.0m | CN¥132.6m | CN¥116.0m | CN¥360.4m | CN¥217.0m | CN¥34.9m | CN¥208.4m | −CN¥48.7m |
| Capital spending | −CN¥236.3m | −CN¥283.7m | −CN¥341.8m | −CN¥393.9m | −CN¥744.1m | −CN¥1.06bn | −CN¥477.0m | −CN¥476.3m | −CN¥240.1m | −CN¥131.7m |
| Free cash flow | CN¥96.2m | CN¥139.7m | −CN¥216.8m | −CN¥261.3m | −CN¥628.1m | −CN¥701.4m | −CN¥260.0m | −CN¥441.3m | −CN¥31.7m | −CN¥180.4m |
| Dividends paid | −CN¥111.3m | −CN¥123.5m | −CN¥125.9m | −CN¥125.7m | −CN¥118.4m | −CN¥8.6m | −CN¥50.7m | −CN¥112.9m | −CN¥118.9m | −CN¥82.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.01bn | CN¥1.31bn | CN¥1.21bn | CN¥1.17bn | CN¥1.21bn | CN¥1.17bn | CN¥1.13bn | CN¥1.28bn |
| Gross profit | −CN¥31.4m | −CN¥27.3m | −CN¥11.2m | CN¥65.2m | CN¥85.3m | CN¥87.8m | CN¥107.0m | CN¥193.2m |
| Operating income | −CN¥121.7m | −CN¥108.8m | −CN¥113.0m | −CN¥65.4m | −CN¥6.9m | −CN¥27.0m | CN¥22.4m | CN¥111.4m |
| Net income | −CN¥203.8m | −CN¥184.6m | −CN¥198.4m | −CN¥70.7m | CN¥2.3m | −CN¥25.8m | CN¥2.3m | CN¥69.7m |
| Diluted earnings per share | -0.26 | -0.23 | -0.25 | -0.09 | 0.00 | -0.03 | 0.01 | 0.30 |
| Cash from operations | — | — | — | −CN¥77.0m | CN¥108.0m | CN¥36.0m | CN¥334.0m | CN¥148.0m |
| Capital spending | −CN¥80.0m | −CN¥24.0m | −CN¥151.0m | −CN¥26.0m | −CN¥28.0m | −CN¥30.0m | −CN¥156.0m | −CN¥51.0m |
| Free cash flow | — | — | — | −CN¥103.0m | CN¥80.0m | CN¥6.0m | CN¥178.0m | CN¥97.0m |
| Total assets | CN¥4.82bn | CN¥5.16bn | CN¥5.27bn | CN¥5.45bn | CN¥5.58bn | CN¥5.52bn | CN¥5.41bn | CN¥5.80bn |
| Cash and short-term investments | — | — | — | CN¥302.9m | CN¥513.3m | CN¥402.8m | CN¥337.8m | CN¥493.7m |
| Debt | CN¥453.7m | CN¥318.6m | CN¥440.6m | CN¥2.27bn | CN¥2.36bn | CN¥2.34bn | CN¥1.98bn | CN¥2.13bn |
| Shareholders' equity | CN¥847.2m | CN¥1.05bn | CN¥1.23bn | CN¥1.43bn | CN¥1.49bn | CN¥1.49bn | CN¥1.51bn | CN¥1.51bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.1% | 10.5% | 0.4% | 8.0% | 6.4% | 28.3% |
| Operating margin | -3.4% | 4.5% | -11.9% | 2.3% | -19.5% | 8.9% |
| Net margin | -6.2% | 0.7% | -16.3% | 0.5% | -20.4% | 3.2% |
| Return on equity | -23.8% | 2.0% | -44.6% | 0.9% | -54.4% | 5.0% |
| Return on assets | -5.6% | 0.6% | -11.0% | 0.3% | -16.9% | 2.1% |
| Free cash flow yield | 20.0% | 85.6% | 18.3% | 21.3% | 40.1% | 75.5% |
| Revenue growth | 4.0% | 12.9% | 1.7% | -18.4% | 19.6% | 69.6% |
| Earnings growth | -1070.4% | -104.6% | -3420.7% | -102.0% | -850.3% | -5.9% |
| Current ratio | 0.41x | 0.44x | 0.51x | 0.69x | 0.70x | 1.06x |
| Debt to equity | 0.36x | 1.31x | 1.96x | 1.35x | 1.02x | 0.58x |
| Equity ratio | 23.3% | 28.0% | 24.7% | 30.5% | 31.1% | 42.9% |
| Interest coverage | -1.36x | 1.23x | -3.09x | 0.80x | -6.75x | 3.38x |
| R&D as a share of sales | 1.1% | 1.1% | 1.2% | 1.3% | 1.3% | 1.9% |
| Buybacks as a share of market value | -244.7% | 67.7% | -3.2% | -15.4% | -13.8% | 7.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.1% | 3.1% | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.8% | 7.7% | 10.7% | 12.8% |
| Operating margin | -0.6% | -2.6% | -3.8% | -1.2% |
| Net margin | -2.8% | -5.2% | -6.7% | -4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.4 | 30.1 | -6.0 | 207.2 | -3.5 | 31.4 | 21.1 | -7.2 | 44.3 | 24.6 |
| Price to sales | 1.0 | 0.2 | 1.0 | 1.0 | 0.7 | 1.0 | 1.2 | 0.7 | 1.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jun 2021.
| FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.015 | 0.077 | 0.115 | 0.115 | 0.077 | 0.14 | 0.105 |
- 13-for-10 split · 15 Jun 2020
- 11-for-5 split · 16 Sept 2014
- 3-for-2 split · 2 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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