S 
18.60
+1.20%
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¥944.7m
FY2016FY2025
Net income
−CN¥56.5m
FY2016FY2025
Free cash flow
−CN¥40.9m
FY2016FY2025
Shareholders' equity
CN¥862.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥944.7m | CN¥959.5m | CN¥1.05bn | CN¥1.10bn | CN¥1.30bn | CN¥1.64bn | CN¥1.87bn | CN¥1.28bn | CN¥576.7m | CN¥497.1m |
| Gross profit | CN¥130.6m | CN¥97.8m | CN¥88.4m | CN¥81.8m | CN¥41.9m | CN¥194.5m | CN¥323.8m | CN¥188.4m | CN¥75.4m | CN¥95.8m |
| Research and development | CN¥49.9m | CN¥20.7m | CN¥18.9m | CN¥52.0m | CN¥66.4m | CN¥75.9m | CN¥81.5m | CN¥46.6m | CN¥18.7m | CN¥16.2m |
| Operating income | −CN¥60.6m | CN¥86.2m | −CN¥22.4m | −CN¥31.5m | −CN¥657.9m | CN¥45.9m | CN¥121.4m | CN¥56.1m | CN¥28.8m | CN¥53.8m |
| Net income | −CN¥56.5m | CN¥92.1m | −CN¥14.7m | −CN¥31.2m | −CN¥666.8m | CN¥37.7m | CN¥95.5m | CN¥48.6m | CN¥25.7m | CN¥48.6m |
| Diluted earnings per share | -0.24 | 0.40 | -0.06 | -0.13 | -2.62 | 0.14 | 0.38 | 0.21 | 0.14 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.56bn | CN¥1.46bn | CN¥1.46bn | CN¥1.44bn | CN¥1.60bn | CN¥2.42bn | CN¥2.43bn | CN¥2.01bn | CN¥697.8m | CN¥619.7m |
| Cash and short-term investments | — | CN¥277.5m | CN¥240.5m | CN¥261.2m | CN¥271.6m | CN¥453.6m | CN¥479.3m | CN¥168.3m | CN¥151.0m | CN¥66.1m |
| Total liabilities | CN¥709.3m | CN¥563.8m | CN¥608.9m | CN¥596.6m | CN¥687.1m | CN¥828.7m | CN¥886.2m | CN¥576.4m | CN¥206.4m | CN¥133.3m |
| Debt | CN¥57.4m | CN¥84.1m | CN¥65.6m | CN¥119.3m | CN¥121.6m | CN¥34.0m | CN¥11.0m | CN¥10.0m | CN¥80.2m | CN¥26.7m |
| Shareholders' equity | CN¥862.9m | CN¥904.6m | CN¥853.8m | CN¥833.8m | CN¥891.2m | CN¥1.56bn | CN¥1.52bn | CN¥1.42bn | CN¥491.4m | CN¥486.4m |
| Shares outstanding | 233m | 230m | 248m | 241m | 254m | 261m | 250m | 232m | 190m | 176m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥20.3m | −CN¥6.7m | CN¥84.1m | CN¥72.6m | −CN¥80.2m | CN¥40.4m | CN¥273.4m | −CN¥15.9m | CN¥41.8m | CN¥56.6m |
| Capital spending | −CN¥61.2m | −CN¥68.0m | −CN¥54.2m | −CN¥49.8m | −CN¥122.4m | −CN¥79.4m | −CN¥131.7m | −CN¥119.8m | −CN¥77.5m | −CN¥41.8m |
| Free cash flow | −CN¥40.9m | −CN¥74.7m | CN¥29.9m | CN¥22.8m | −CN¥202.5m | −CN¥39.0m | CN¥141.7m | −CN¥135.7m | −CN¥35.7m | CN¥14.8m |
| Dividends paid | −CN¥2.1m | −CN¥4.1m | −CN¥2.4m | −CN¥4.0m | −CN¥2.7m | −CN¥8.4m | −CN¥22.4m | −CN¥22.3m | −CN¥24.0m | −CN¥48.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥215.2m | CN¥192.7m | CN¥270.9m | CN¥262.9m | CN¥232.5m | CN¥178.4m | CN¥254.1m | CN¥244.6m |
| Gross profit | CN¥11.5m | CN¥12.8m | CN¥16.6m | CN¥17.3m | CN¥11.6m | CN¥13.1m | CN¥12.9m | CN¥31.8m |
| Operating income | −CN¥17.1m | −CN¥14.8m | −CN¥10.6m | −CN¥6.5m | −CN¥24.7m | −CN¥19.8m | CN¥62.1m | CN¥9.4m |
| Net income | −CN¥17.2m | −CN¥23.5m | −CN¥5.5m | −CN¥6.4m | −CN¥25.8m | −CN¥18.8m | CN¥64.0m | CN¥10.3m |
| Diluted earnings per share | -0.07 | -0.10 | -0.02 | -0.03 | -0.11 | -0.08 | 0.28 | 0.04 |
| Cash from operations | — | — | — | −CN¥26.0m | CN¥64.0m | −CN¥25.0m | — | CN¥18.0m |
| Capital spending | −CN¥13.0m | −CN¥16.0m | — | −CN¥95.0m | −CN¥26.0m | −CN¥27.0m | −CN¥20.0m | −CN¥23.0m |
| Free cash flow | — | — | — | −CN¥121.0m | CN¥38.0m | −CN¥52.0m | — | −CN¥5.0m |
| Total assets | CN¥1.69bn | CN¥1.56bn | CN¥1.56bn | CN¥1.48bn | CN¥1.42bn | CN¥1.37bn | CN¥1.46bn | CN¥1.43bn |
| Cash and short-term investments | — | — | — | CN¥209.4m | CN¥271.1m | CN¥238.8m | CN¥277.5m | CN¥238.2m |
| Debt | CN¥219.7m | CN¥210.3m | CN¥57.4m | CN¥226.6m | CN¥72.9m | CN¥76.4m | CN¥46.8m | CN¥38.3m |
| Shareholders' equity | CN¥831.7m | CN¥842.5m | CN¥862.9m | CN¥856.4m | CN¥859.3m | CN¥881.2m | CN¥904.6m | CN¥860.9m |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.8% | 10.2% | 8.4% | 7.5% | 3.2% | 11.9% |
| Operating margin | -6.4% | 9.0% | -2.1% | -2.9% | -50.7% | 2.8% |
| Net margin | -6.0% | 9.6% | -1.4% | -2.8% | -51.4% | 2.3% |
| Return on equity | -6.6% | 10.2% | -1.7% | -3.7% | -74.8% | 2.4% |
| Return on assets | -3.6% | 6.3% | -1.0% | -2.2% | -41.7% | 1.6% |
| Free cash flow yield | 1.3% | 1.0% | 2.1% | 1.9% | 0.6% | 1.8% |
| Revenue growth | -1.5% | -8.4% | -4.3% | -15.6% | -20.9% | -12.3% |
| Earnings growth | -161.4% | -727.1% | -52.9% | -95.3% | -1867.4% | -60.5% |
| Current ratio | 1.34x | 1.70x | 1.44x | 1.47x | 1.55x | 1.61x |
| Debt to equity | 0.07x | 0.05x | 0.06x | 0.06x | 0.07x | 0.02x |
| Equity ratio | 55.2% | 61.9% | 58.4% | 57.7% | 55.7% | 64.7% |
| Interest coverage | -19.99x | 20.38x | -5.60x | -6.69x | -158.58x | 7.99x |
| R&D as a share of sales | 5.3% | 2.2% | 1.8% | 4.8% | 5.1% | 4.6% |
| Buybacks as a share of market value | -1.4% | 7.4% | -3.0% | 5.1% | 2.5% | -4.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | -10.5% | 7.4% |
| Operating income | 24.3% | — | — |
| Net income | 21.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.0% | 9.8% | 9.1% | 12.1% |
| Operating margin | 1.3% | -0.7% | -9.2% | -2.8% |
| Net margin | 1.9% | -0.3% | -9.2% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -114.3 | 28.0 | -191.3 | -67.0 | -3.1 | 112.4 | 62.7 | 73.5 | 104.1 | 100.4 |
| Price to sales | 6.8 | 2.7 | 2.7 | 1.9 | 1.6 | 2.6 | 3.2 | 2.8 | 4.6 | 9.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 May 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.089 | 0.089 | 0.133 | 0.267 |
- 3-for-2 split · 28 May 2020
- 3-for-2 split · 1 Apr 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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