S 
9.62
+0.63%
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¥2.16bn
FY2016FY2025
Net income
−CN¥158.3m
FY2016FY2025
Free cash flow
−CN¥232.7m
FY2016FY2025
Shareholders' equity
CN¥1.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.16bn | CN¥1.99bn | CN¥1.77bn | CN¥1.75bn | CN¥1.74bn | CN¥1.54bn | CN¥1.33bn | CN¥911.7m | CN¥598.2m | CN¥473.5m |
| Gross profit | CN¥293.8m | CN¥320.3m | CN¥357.0m | CN¥310.2m | CN¥358.3m | CN¥322.3m | CN¥278.9m | CN¥222.1m | CN¥149.1m | CN¥116.4m |
| Research and development | CN¥42.5m | CN¥46.4m | CN¥43.2m | CN¥30.3m | CN¥19.3m | CN¥17.1m | CN¥14.3m | CN¥6.7m | CN¥4.3m | CN¥8.1m |
| Operating income | −CN¥5.5m | −CN¥53.1m | CN¥76.2m | CN¥49.4m | CN¥99.4m | CN¥121.6m | CN¥87.1m | CN¥84.0m | CN¥56.8m | CN¥52.1m |
| Net income | −CN¥158.3m | −CN¥68.5m | CN¥60.4m | CN¥70.3m | CN¥84.4m | CN¥86.7m | CN¥55.1m | CN¥49.8m | CN¥38.6m | CN¥37.1m |
| Diluted earnings per share | -0.57 | -0.29 | 0.18 | 0.24 | 0.28 | 0.33 | 0.20 | 0.18 | 0.15 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.26bn | CN¥3.19bn | CN¥3.21bn | CN¥2.11bn | CN¥1.78bn | CN¥1.59bn | CN¥1.20bn | CN¥1.04bn | CN¥792.5m | CN¥614.1m |
| Cash and short-term investments | — | CN¥583.3m | CN¥1.03bn | CN¥138.6m | CN¥168.7m | CN¥127.9m | CN¥101.6m | CN¥113.9m | CN¥133.8m | CN¥145.4m |
| Total liabilities | CN¥1.54bn | CN¥1.31bn | CN¥1.22bn | CN¥995.6m | CN¥734.2m | CN¥679.1m | CN¥459.8m | CN¥398.3m | CN¥255.6m | CN¥120.5m |
| Debt | CN¥139.8m | CN¥425.0m | CN¥377.9m | CN¥374.0m | CN¥208.5m | CN¥77.1m | CN¥74.0m | CN¥81.1m | CN¥77.8m | — |
| Shareholders' equity | CN¥1.57bn | CN¥1.72bn | CN¥1.81bn | CN¥871.1m | CN¥877.3m | CN¥773.9m | CN¥656.3m | CN¥580.9m | CN¥524.4m | CN¥488.8m |
| Shares outstanding | 277m | 234m | 338m | 294m | 298m | 263m | 275m | 275m | 258m | 282m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.4m | −CN¥4.7m | CN¥98.0m | CN¥121.8m | CN¥93.8m | CN¥83.1m | CN¥75.4m | −CN¥113.0m | CN¥9.9m | CN¥20.1m |
| Capital spending | −CN¥250.1m | −CN¥262.9m | −CN¥109.8m | −CN¥99.8m | −CN¥69.3m | −CN¥82.0m | −CN¥66.9m | −CN¥81.9m | −CN¥43.2m | −CN¥14.5m |
| Free cash flow | −CN¥232.7m | −CN¥267.5m | −CN¥11.7m | CN¥22.0m | CN¥24.5m | CN¥1.1m | CN¥8.5m | −CN¥194.9m | −CN¥33.3m | CN¥5.6m |
| Dividends paid | −CN¥15.0m | −CN¥29.7m | −CN¥14.6m | −CN¥16.9m | −CN¥19.8m | −CN¥6.2m | −CN¥19.7m | −CN¥10.5m | −CN¥9.6m | −CN¥6.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥494.3m | CN¥527.2m | CN¥591.3m | CN¥566.8m | CN¥482.2m | CN¥517.2m | CN¥676.9m | CN¥468.5m |
| Gross profit | CN¥66.4m | CN¥63.6m | CN¥53.6m | CN¥90.1m | CN¥71.5m | CN¥78.6m | CN¥95.7m | CN¥81.4m |
| Operating income | CN¥2.3m | −CN¥7.6m | −CN¥39.2m | CN¥5.4m | CN¥13.5m | CN¥15.4m | −CN¥71.2m | CN¥4.4m |
| Net income | CN¥1.1m | CN¥10.1m | −CN¥176.0m | CN¥2.0m | CN¥7.3m | CN¥8.4m | −CN¥81.4m | CN¥1.1m |
| Diluted earnings per share | 0.00 | 0.04 | -0.64 | 0.01 | 0.03 | 0.03 | -0.35 | 0.00 |
| Cash from operations | — | — | — | CN¥35.0m | −CN¥33.0m | −CN¥37.0m | — | CN¥36.0m |
| Capital spending | −CN¥26.0m | −CN¥55.0m | −CN¥55.0m | −CN¥54.0m | −CN¥57.0m | −CN¥81.0m | −CN¥94.0m | −CN¥53.0m |
| Free cash flow | — | — | — | −CN¥19.0m | −CN¥90.0m | −CN¥118.0m | — | −CN¥17.0m |
| Total assets | CN¥2.84bn | CN¥3.20bn | CN¥3.26bn | CN¥3.30bn | CN¥3.19bn | CN¥3.29bn | CN¥3.19bn | CN¥2.99bn |
| Cash and short-term investments | — | — | — | CN¥324.8m | CN¥397.6m | CN¥500.7m | CN¥583.3m | CN¥573.4m |
| Debt | CN¥86.2m | CN¥77.4m | CN¥139.8m | CN¥487.5m | CN¥476.0m | CN¥463.8m | CN¥403.9m | CN¥280.2m |
| Shareholders' equity | CN¥1.56bn | CN¥1.56bn | CN¥1.57bn | CN¥1.73bn | CN¥1.73bn | CN¥1.73bn | CN¥1.72bn | CN¥1.80bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.6% | 16.1% | 20.1% | 17.7% | 20.6% | 20.9% |
| Operating margin | -7.1% | -2.6% | 6.1% | 5.8% | 6.7% | 8.5% |
| Net margin | -7.3% | -3.4% | 3.4% | 4.0% | 4.9% | 5.6% |
| Return on equity | -10.1% | -4.0% | 3.3% | 8.1% | 9.6% | 11.2% |
| Return on assets | -4.9% | -2.1% | 1.9% | 3.3% | 4.7% | 5.4% |
| Free cash flow yield | 9.0% | 10.3% | 5.7% | 7.0% | 5.1% | 5.9% |
| Revenue growth | 8.5% | 12.2% | 1.3% | 0.9% | 12.6% | 16.3% |
| Earnings growth | 131.1% | -213.5% | -14.1% | -16.8% | -2.6% | 57.5% |
| Current ratio | 1.58x | 1.63x | 1.97x | 1.36x | 1.60x | 1.49x |
| Debt to equity | 0.09x | 0.23x | 0.19x | 0.36x | 0.18x | 0.10x |
| Equity ratio | 48.1% | 54.0% | 56.4% | 41.3% | 49.3% | 48.6% |
| Interest coverage | -10.01x | -3.67x | 5.02x | 5.63x | 9.04x | 21.55x |
| R&D as a share of sales | 2.0% | 2.3% | 2.4% | 1.7% | 1.1% | 1.1% |
| Buybacks as a share of market value | -18.3% | 30.9% | -15.1% | 1.5% | -13.6% | 4.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.2% | 7.0% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.8% | 16.7% | 17.9% | 19.2% |
| Operating margin | -1.4% | 0.9% | 2.6% | 4.1% |
| Net margin | -5.5% | -1.3% | 0.7% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -31.5 | -31.6 | 72.9 | 62.5 | 51.1 | 56.1 | 46.6 | 35.7 | 64.4 | 112.0 |
| Price to sales | 2.3 | 1.1 | 2.5 | 2.5 | 2.5 | 3.2 | 1.9 | 1.9 | 4.2 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 13 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.048 | 0.05 | 0.066 | 0.12 | 0.028 | 0.036 | 0.025 |
- 7-for-5 split · 16 May 2023
- 7-for-5 split · 15 Jul 2021
- 17-for-10 split · 10 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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