S 
4.36
+2.11%
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¥327.9m
FY2016FY2025
Net income
−CN¥28.3m
FY2016FY2025
Free cash flow
CN¥10.9m
FY2016FY2025
Shareholders' equity
CN¥238.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥327.9m | CN¥340.4m | CN¥434.6m | CN¥483.9m | CN¥656.7m | CN¥1.27bn | CN¥2.20bn | CN¥2.74bn | CN¥2.61bn | CN¥1.89bn |
| Gross profit | CN¥19.7m | CN¥24.6m | CN¥30.5m | CN¥29.2m | CN¥43.0m | CN¥140.5m | CN¥171.1m | CN¥332.5m | CN¥433.9m | CN¥314.1m |
| Research and development | CN¥1.1m | CN¥1.2m | CN¥2.1m | CN¥4.0m | CN¥44.2m | CN¥64.5m | CN¥76.9m | CN¥72.9m | CN¥73.7m | CN¥67.5m |
| Operating income | −CN¥7.9m | CN¥9.4m | CN¥34.1m | −CN¥21.7m | −CN¥49.6m | −CN¥94.5m | −CN¥252.3m | CN¥69.6m | CN¥163.0m | CN¥227.5m |
| Net income | −CN¥28.3m | CN¥7.0m | CN¥31.9m | −CN¥36.2m | −CN¥56.0m | −CN¥120.8m | −CN¥317.6m | CN¥39.6m | CN¥85.3m | CN¥81.3m |
| Diluted earnings per share | -0.06 | 0.01 | 0.06 | -0.07 | -0.11 | -0.25 | -0.62 | 0.09 | 0.18 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥441.9m | CN¥482.7m | CN¥565.6m | CN¥599.2m | CN¥748.8m | CN¥1.03bn | CN¥2.66bn | CN¥2.81bn | CN¥2.78bn | CN¥2.31bn |
| Cash and short-term investments | — | CN¥31.2m | CN¥72.9m | CN¥53.4m | CN¥44.3m | CN¥185.7m | CN¥163.7m | CN¥289.3m | CN¥225.3m | CN¥213.8m |
| Total liabilities | CN¥203.9m | CN¥216.4m | CN¥306.3m | CN¥371.8m | CN¥469.5m | CN¥704.9m | CN¥2.00bn | CN¥1.84bn | CN¥1.80bn | CN¥1.44bn |
| Debt | — | CN¥120.7m | CN¥162.5m | CN¥274.2m | CN¥427.8m | CN¥268.6m | CN¥1.22bn | CN¥819.4m | CN¥917.9m | CN¥820.7m |
| Shareholders' equity | CN¥238.0m | CN¥266.4m | CN¥259.4m | CN¥227.4m | CN¥264.7m | CN¥320.7m | CN¥445.6m | CN¥736.2m | CN¥748.2m | CN¥697.8m |
| Shares outstanding | 509m | 508m | 513m | 532m | 516m | 477m | 516m | 444m | 475m | 489m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥11.0m | CN¥60.9m | CN¥34.8m | CN¥21.3m | −CN¥194.8m | CN¥52.7m | −CN¥51.1m | CN¥247.8m | CN¥116.2m | CN¥107.1m |
| Capital spending | −CN¥89,733 | −CN¥579,906 | −CN¥727,426 | −CN¥379,348 | −CN¥415,019 | −CN¥4.6m | −CN¥216.4m | −CN¥65.8m | −CN¥158.2m | −CN¥270.3m |
| Free cash flow | CN¥10.9m | CN¥60.3m | CN¥34.0m | CN¥20.9m | −CN¥195.2m | CN¥48.1m | −CN¥267.6m | CN¥182.0m | −CN¥42.0m | −CN¥163.2m |
| Dividends paid | −CN¥7.9m | −CN¥11.3m | −CN¥16.5m | −CN¥19.7m | −CN¥107,020 | −CN¥18.4m | −CN¥88.0m | −CN¥107.1m | −CN¥111.7m | −CN¥56.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥106.3m | CN¥89.5m | CN¥99.5m | CN¥72.3m | CN¥85.5m | CN¥70.6m | CN¥72.8m | CN¥82.2m |
| Gross profit | CN¥9.5m | CN¥5.5m | CN¥6.3m | CN¥5.2m | CN¥4.5m | CN¥3.8m | CN¥7.3m | CN¥6.2m |
| Operating income | CN¥2.1m | −CN¥1.2m | −CN¥2.6m | −CN¥3.8m | −CN¥6.6m | −CN¥4.7m | CN¥1.9m | −CN¥949,488 |
| Net income | −CN¥1.2m | −CN¥3.2m | −CN¥12.7m | −CN¥3.8m | −CN¥7.2m | −CN¥4.7m | −CN¥5.1m | −CN¥3.8m |
| Diluted earnings per share | -0.00 | -0.01 | -0.03 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | — | — | — | CN¥5.0m | −CN¥1.0m | CN¥2.0m | −CN¥11.0m |
| Total assets | CN¥452.5m | CN¥430.0m | CN¥441.9m | CN¥447.9m | CN¥458.1m | CN¥455.9m | CN¥482.7m | CN¥466.8m |
| Cash and short-term investments | — | — | — | CN¥21.4m | CN¥30.5m | CN¥19.8m | CN¥31.2m | CN¥22.4m |
| Debt | — | — | — | CN¥112.5m | CN¥120.2m | CN¥113.3m | CN¥120.7m | CN¥111.9m |
| Shareholders' equity | CN¥233.6m | CN¥234.8m | CN¥238.0m | CN¥250.8m | CN¥254.5m | CN¥261.7m | CN¥266.4m | CN¥271.5m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 6.0% | 7.2% | 7.0% | 6.0% | 6.6% | 11.1% | — |
| Operating margin | -6.0% | 6.4% | 10.6% | -4.5% | -6.6% | -7.6% | — |
| Net margin | -8.6% | 2.1% | 7.3% | -7.5% | -8.5% | -9.5% | — |
| Return on equity | -11.9% | 2.6% | 12.3% | -15.9% | -21.1% | -37.7% | — |
| Return on assets | -6.4% | 1.5% | 5.6% | -6.0% | -7.5% | -11.8% | — |
| Free cash flow yield | 0.6% | 3.4% | 2.0% | 1.1% | -10.6% | 3.4% | — |
| Revenue growth | -3.7% | -21.7% | -10.2% | -26.3% | -48.2% | -42.2% | — |
| Earnings growth | -504.2% | -78.1% | -188.2% | -35.3% | -53.7% | -62.0% | — |
| Current ratio | 0.95x | 1.01x | 0.96x | 0.83x | 1.20x | 1.17x | — |
| Debt to equity | — | 0.45x | 0.63x | 1.20x | 1.61x | 0.84x | 2.94x |
| Equity ratio | 53.9% | 55.2% | 45.9% | 38.0% | 35.4% | 31.3% | — |
| Interest coverage | -2.02x | 1.76x | 2.81x | -1.03x | -1.60x | -4.50x | — |
| R&D as a share of sales | 0.3% | 0.3% | 0.5% | 0.8% | 6.7% | 5.1% | — |
| Buybacks as a share of market value | -0.2% | 1.0% | 3.6% | -3.2% | -8.0% | 7.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.2% | -23.7% | -13.8% |
| Operating income | -28.7% | -39.2% | — |
| Net income | -7.9% | -25.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.6% | 6.6% | 8.2% | 12.4% |
| Operating margin | 0.2% | 0.9% | -3.7% | 1.1% |
| Net margin | -3.2% | -1.6% | -5.8% | -1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -71.0 | 204.3 | 51.2 | -38.9 | -33.1 | -13.2 | -6.3 | 43.2 | 39.5 | 68.2 |
| Price to sales | 6.1 | 4.2 | 3.8 | 2.9 | 2.8 | 1.3 | 0.9 | 0.6 | 1.3 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.063 | 0.031 | 0.016 | 0.031 | 0.031 | 0.067 |
- 3-for-2 split · 21 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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