S 
4.17
0.00%
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¥732.1m
FY2016FY2025
Net income
−CN¥55.1m
FY2016FY2025
Free cash flow
−CN¥65.1m
FY2016FY2025
Shareholders' equity
CN¥1.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥732.1m | CN¥1.40bn | CN¥1.26bn | CN¥828.2m | CN¥762.0m | CN¥1.03bn | CN¥939.4m | CN¥1.01bn | CN¥1.41bn | CN¥950.4m |
| Research and development | CN¥83.0m | CN¥89.7m | CN¥75.6m | CN¥50.3m | CN¥122.9m | CN¥105.7m | CN¥112.4m | CN¥128.7m | CN¥119.8m | CN¥48.8m |
| Operating income | −CN¥47.6m | CN¥73.1m | CN¥34.5m | CN¥4.0m | −CN¥282.3m | −CN¥1.50bn | −CN¥25.3m | −CN¥1.09bn | CN¥20.5m | CN¥73.5m |
| Net income | −CN¥55.1m | CN¥60.1m | CN¥32.6m | CN¥8.8m | −CN¥670.2m | −CN¥1.31bn | CN¥7.8m | −CN¥1.03bn | −CN¥2.3m | CN¥76.5m |
| Diluted earnings per share | -0.06 | 0.07 | 0.04 | 0.01 | -0.79 | -1.55 | 0.01 | -1.32 | -0.00 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.33bn | CN¥1.16bn | CN¥1.28bn | CN¥1.16bn | CN¥1.38bn | CN¥2.15bn | CN¥5.56bn | CN¥3.72bn | CN¥3.66bn | CN¥1.84bn |
| Cash and short-term investments | CN¥676.8m | CN¥393.6m | CN¥460.9m | CN¥295.7m | CN¥513.4m | CN¥87.9m | CN¥117.1m | CN¥115.8m | CN¥869.5m | CN¥375.9m |
| Total liabilities | CN¥236.4m | CN¥351.5m | CN¥577.5m | CN¥497.3m | CN¥734.1m | CN¥2.91bn | CN¥5.00bn | CN¥3.15bn | CN¥2.01bn | CN¥991.6m |
| Debt | CN¥81.2m | CN¥29.5m | CN¥1.4m | CN¥4.0m | CN¥6.5m | CN¥1.74bn | CN¥1.73bn | CN¥1.78bn | CN¥1.33bn | CN¥397.3m |
| Shareholders' equity | CN¥1.09bn | CN¥811.0m | CN¥705.2m | CN¥658.7m | CN¥645.1m | −CN¥762.7m | CN¥556.1m | CN¥554.1m | CN¥1.63bn | CN¥846.7m |
| Shares outstanding | 853m | 851m | 850m | 885m | 844m | 844m | 814m | 778m | 844m | 774m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥25.3m | CN¥17.6m | CN¥199.3m | CN¥23.9m | −CN¥33.3m | −CN¥72.1m | CN¥52.3m | −CN¥1.02bn | −CN¥319.9m | −CN¥51.5m |
| Capital spending | −CN¥39.8m | −CN¥73.5m | −CN¥50.6m | −CN¥20.3m | −CN¥4.9m | −CN¥22.9m | −CN¥12.7m | −CN¥11.2m | −CN¥33.1m | −CN¥105.3m |
| Free cash flow | −CN¥65.1m | −CN¥55.8m | CN¥148.7m | CN¥3.5m | −CN¥38.2m | −CN¥95.0m | CN¥39.6m | −CN¥1.03bn | −CN¥353.0m | −CN¥156.8m |
| Dividends paid | −CN¥491,594 | — | — | — | −CN¥686,068 | −CN¥8.7m | −CN¥8.9m | −CN¥82.2m | −CN¥61.4m | −CN¥43.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥106.9m | CN¥95.5m | CN¥110.2m | CN¥181.4m | CN¥230.6m | CN¥213.3m | CN¥365.5m | CN¥387.0m |
| Operating income | −CN¥26.0m | −CN¥23.2m | −CN¥51.6m | −CN¥5.2m | CN¥1.7m | CN¥1.3m | CN¥28.1m | CN¥20.3m |
| Net income | −CN¥22.9m | −CN¥18.2m | −CN¥55.2m | −CN¥5.6m | CN¥4.7m | CN¥1.1m | CN¥16.0m | CN¥21.8m |
| Diluted earnings per share | -0.03 | -0.02 | -0.06 | -0.01 | 0.01 | 0.00 | 0.02 | 0.03 |
| Cash from operations | — | — | CN¥35.0m | −CN¥9.0m | −CN¥80.0m | CN¥25.0m | — | −CN¥24.0m |
| Capital spending | −CN¥5.0m | −CN¥1.0m | −CN¥23.0m | −CN¥6.0m | −CN¥6.0m | −CN¥3.0m | −CN¥54.0m | −CN¥14.0m |
| Free cash flow | — | — | CN¥12.0m | −CN¥15.0m | −CN¥86.0m | CN¥22.0m | — | −CN¥38.0m |
| Total assets | CN¥1.25bn | CN¥1.25bn | CN¥1.33bn | CN¥1.36bn | CN¥1.43bn | CN¥1.14bn | CN¥1.16bn | CN¥1.27bn |
| Cash and short-term investments | — | — | CN¥676.8m | CN¥659.7m | CN¥693.3m | CN¥419.5m | CN¥393.6m | CN¥496.9m |
| Debt | — | — | CN¥53.6m | CN¥35.9m | CN¥45.0m | CN¥5.3m | — | — |
| Shareholders' equity | CN¥1.04bn | CN¥1.07bn | CN¥1.09bn | CN¥1.15bn | CN¥1.14bn | CN¥814.1m | CN¥811.0m | CN¥756.0m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -6.5% | 4.6% | 2.7% | 0.8% | -4.7% | -128.8% | — | — | — | — |
| Net margin | -7.5% | 4.3% | 2.6% | 1.1% | -88.0% | -127.2% | — | — | — | — |
| Return on equity | -5.0% | 7.4% | 4.6% | 1.3% | -103.9% | 171.1% | — | — | — | — |
| Return on assets | -4.1% | 5.2% | 2.5% | 0.8% | -48.6% | -60.8% | — | — | — | — |
| Free cash flow yield | 0.4% | 2.6% | 7.3% | 1.2% | -0.8% | -1.4% | — | — | — | — |
| Revenue growth | -47.6% | 10.9% | 52.1% | 8.7% | -25.8% | 9.3% | — | — | — | — |
| Earnings growth | -191.7% | 84.3% | 270.6% | -101.3% | -48.7% | -16868.8% | — | — | — | — |
| Current ratio | 4.60x | 2.29x | 1.65x | 1.67x | 1.41x | 0.47x | — | — | — | — |
| Debt to equity | 0.05x | — | — | — | — | -2.27x | 3.10x | 3.19x | 1.03x | 0.38x |
| Equity ratio | 82.0% | 70.0% | 55.0% | 57.0% | 46.8% | -35.5% | — | — | — | — |
| Interest coverage | -22.94x | 85.16x | 1799.53x | 12.61x | -0.10x | -7.38x | — | — | — | — |
| R&D as a share of sales | 11.3% | 6.4% | 6.0% | 6.1% | 16.1% | 10.3% | — | — | — | — |
| Buybacks as a share of market value | -0.3% | -0.1% | 3.9% | -4.9% | 0.1% | -3.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | -6.5% | -1.0% |
| Operating income | — | -49.8% | — |
| Net income | — | -46.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | 1.5% | -28.5% | -23.9% |
| Net margin | 0.2% | 1.1% | -32.1% | -25.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -93.8 | 81.5 | 142.2 | — | -8.1 | -2.9 | 328.4 | -4.1 | -5141.9 | 189.5 |
| Price to sales | 7.0 | 3.5 | 3.7 | 5.4 | 7.1 | 3.7 | 2.7 | 4.2 | 8.5 | 15.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2018.
| FY2018 | FY2017 | FY2016 | |
|---|---|---|---|
| Paid in the year | 0.025 | 0.05 | 0.054 |
- 2-for-1 split · 13 Jul 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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