S 
5.69
+0.71%
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¥396.0m
FY2016FY2025
Net income
−CN¥89.3m
FY2016FY2025
Free cash flow
CN¥56.8m
FY2016FY2025
Shareholders' equity
−CN¥56.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥396.0m | CN¥782.7m | CN¥1.55bn | CN¥2.15bn | CN¥3.52bn | CN¥3.76bn | CN¥3.82bn | CN¥3.61bn | CN¥3.01bn | CN¥2.44bn |
| Gross profit | CN¥79.5m | CN¥120.2m | CN¥227.7m | CN¥319.5m | CN¥353.0m | CN¥573.1m | CN¥617.2m | CN¥563.4m | CN¥470.3m | CN¥297.5m |
| Research and development | CN¥8.7m | CN¥22.9m | CN¥49.2m | CN¥67.0m | CN¥114.0m | CN¥122.7m | CN¥124.7m | CN¥106.4m | CN¥95.8m | CN¥10.5m |
| Operating income | CN¥2.6m | −CN¥79.1m | −CN¥218.1m | CN¥137.9m | −CN¥1.79bn | CN¥246.6m | CN¥224.9m | CN¥199.0m | CN¥169.6m | CN¥128.1m |
| Net income | −CN¥89.3m | −CN¥185.9m | −CN¥372.6m | CN¥9.5m | −CN¥1.84bn | CN¥147.9m | CN¥156.2m | CN¥147.7m | CN¥132.5m | CN¥95.0m |
| Diluted earnings per share | -0.25 | -0.47 | -0.96 | 0.07 | -6.34 | 0.45 | 0.39 | 0.41 | 0.38 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.04bn | CN¥3.48bn | CN¥4.07bn | CN¥4.80bn | CN¥4.96bn | CN¥6.35bn | CN¥5.86bn | CN¥5.27bn | CN¥4.16bn | CN¥3.73bn |
| Cash and short-term investments | — | CN¥170.0m | CN¥240.5m | CN¥401.4m | CN¥307.0m | CN¥366.5m | CN¥420.0m | CN¥516.9m | CN¥440.0m | CN¥457.7m |
| Total liabilities | CN¥2.86bn | CN¥3.23bn | CN¥3.56bn | CN¥3.91bn | CN¥4.00bn | CN¥3.55bn | CN¥3.26bn | CN¥2.83bn | CN¥1.84bn | CN¥1.54bn |
| Debt | — | CN¥683.4m | CN¥804.3m | CN¥1.07bn | CN¥1.10bn | CN¥1.26bn | CN¥843.2m | CN¥865.0m | CN¥480.0m | CN¥280.0m |
| Shareholders' equity | −CN¥56.0m | CN¥40.6m | CN¥236.3m | CN¥615.9m | CN¥625.4m | CN¥2.49bn | CN¥2.32bn | CN¥2.19bn | CN¥2.09bn | CN¥1.99bn |
| Shares outstanding | 352m | 397m | 388m | 133m | 291m | 328m | 402m | 357m | 345m | 385m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥56.8m | CN¥30.4m | CN¥26.7m | CN¥113.3m | −CN¥125.9m | −CN¥78.6m | −CN¥45.9m | −CN¥247.5m | CN¥63.4m | −CN¥53.2m |
| Capital spending | — | −CN¥12,398 | −CN¥2.1m | −CN¥30.9m | −CN¥12.6m | −CN¥11.5m | −CN¥25.2m | −CN¥79.0m | −CN¥149.2m | −CN¥171.7m |
| Free cash flow | CN¥56.8m | CN¥30.4m | CN¥24.7m | CN¥82.4m | −CN¥138.5m | −CN¥90.2m | −CN¥71.1m | −CN¥326.5m | −CN¥85.8m | −CN¥225.0m |
| Dividends paid | −CN¥33.0m | −CN¥48.9m | −CN¥56.4m | −CN¥54.4m | −CN¥30.3m | −CN¥22.7m | −CN¥22.7m | −CN¥89.6m | −CN¥56.8m | −CN¥39.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥116.5m | CN¥55.3m | CN¥65.2m | CN¥100.0m | CN¥120.1m | CN¥110.7m | CN¥194.5m | CN¥176.0m |
| Gross profit | CN¥17.1m | CN¥9.0m | CN¥11.8m | CN¥21.9m | CN¥26.7m | CN¥19.2m | CN¥31.7m | CN¥29.7m |
| Operating income | CN¥3.9m | −CN¥6.4m | −CN¥7.4m | −CN¥22.1m | CN¥22.1m | CN¥589,328 | −CN¥55.1m | −CN¥18.2m |
| Net income | −CN¥20.1m | −CN¥21.9m | −CN¥33.0m | −CN¥33.1m | −CN¥3.1m | −CN¥20.1m | −CN¥77.5m | −CN¥25.8m |
| Diluted earnings per share | -0.06 | -0.06 | -0.09 | -0.09 | -0.01 | -0.06 | -0.20 | -0.06 |
| Cash from operations | — | — | — | CN¥42.0m | −CN¥7.0m | −CN¥3.0m | CN¥18.0m | CN¥38.0m |
| Capital spending | — | — | — | −CN¥42.0m | — | — | — | — |
| Free cash flow | — | — | — | CN¥0 | — | — | — | — |
| Total assets | CN¥2.90bn | CN¥2.94bn | CN¥3.04bn | CN¥3.14bn | CN¥3.21bn | CN¥3.36bn | CN¥3.48bn | CN¥3.70bn |
| Cash and short-term investments | — | — | — | CN¥174.1m | CN¥149.9m | CN¥148.6m | CN¥170.0m | CN¥185.1m |
| Debt | — | — | — | CN¥863.1m | — | CN¥861.4m | CN¥857.5m | CN¥714.5m |
| Shareholders' equity | −CN¥97.3m | −CN¥73.7m | −CN¥56.0m | −CN¥22.0m | CN¥12.7m | CN¥17.1m | CN¥40.6m | CN¥123.0m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.1% | 15.4% | 14.7% | 14.9% | 10.0% | 15.2% | — |
| Operating margin | 2.7% | -10.1% | -14.1% | 7.2% | -49.2% | 6.6% | — |
| Net margin | -22.6% | -23.7% | -24.0% | 0.4% | -52.4% | 3.9% | — |
| Return on equity | 159.5% | -457.5% | -157.7% | 1.5% | -294.7% | 5.9% | — |
| Return on assets | -2.9% | -5.3% | -9.2% | 0.2% | -37.1% | 2.3% | — |
| Free cash flow yield | — | 1.7% | 1.6% | 23.9% | -8.6% | -4.5% | -1.1% |
| Revenue growth | -49.4% | -49.6% | -27.8% | -38.9% | -6.5% | -1.4% | — |
| Earnings growth | -51.9% | -50.1% | -4003.4% | -100.5% | -1346.4% | -5.3% | — |
| Current ratio | 0.81x | 1.04x | 1.14x | 0.93x | 0.93x | 1.45x | — |
| Debt to equity | — | 15.87x | 3.70x | 1.66x | 1.70x | 0.49x | 0.36x |
| Equity ratio | -1.8% | 1.2% | 5.8% | 12.8% | 12.6% | 39.3% | — |
| Interest coverage | 0.16x | -1.52x | -3.57x | 2.65x | -31.05x | 5.22x | — |
| R&D as a share of sales | 2.2% | 2.9% | 3.2% | 3.1% | 3.2% | 3.3% | — |
| Buybacks as a share of market value | 11.2% | -2.3% | -191.2% | 54.2% | 11.3% | 18.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -43.1% | -36.3% | -14.1% |
| Operating income | -73.3% | -59.7% | -28.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.9% | 15.3% | 13.8% | 14.5% |
| Operating margin | -6.5% | -3.2% | -14.0% | -3.4% |
| Net margin | -23.3% | -13.1% | -19.2% | -6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.9 | -9.6 | -5.6 | 73.1 | -1.0 | 12.8 | 15.7 | 14.1 | 25.1 | 88.6 |
| Price to sales | 4.5 | 2.3 | 1.3 | 0.3 | 0.5 | 0.5 | 0.6 | 0.6 | 1.1 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.06 | 0.06 | 0.15 | 0.10 | 0.06 | 0.04 | 0.04 |
- 5-for-2 split · 10 Jul 2017
- 3-for-2 split · 12 Jul 2012
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.