S 
13.99
-0.64%
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¥2.33bn
FY2016FY2025
Net income
−CN¥485.2m
FY2016FY2025
Free cash flow
−CN¥362.2m
FY2016FY2025
Shareholders' equity
CN¥858.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.33bn | CN¥1.49bn | CN¥2.78bn | CN¥1.74bn | CN¥803.0m | CN¥357.3m | CN¥458.0m | CN¥264.8m | CN¥320.9m | CN¥256.4m |
| Gross profit | −CN¥145.9m | −CN¥280.2m | −CN¥222.2m | CN¥314.0m | CN¥122.2m | CN¥14.1m | CN¥65.6m | CN¥55.7m | CN¥75.0m | CN¥55.5m |
| Research and development | CN¥73.1m | CN¥23.7m | CN¥29.8m | CN¥14.6m | CN¥9.3m | CN¥10.2m | CN¥10.4m | CN¥13.6m | CN¥11.6m | CN¥10.1m |
| Operating income | −CN¥263.8m | −CN¥456.9m | −CN¥518.0m | CN¥177.2m | CN¥68.4m | −CN¥40.3m | CN¥14.3m | CN¥13.9m | CN¥42.0m | CN¥23.3m |
| Net income | −CN¥485.2m | −CN¥362.2m | −CN¥389.3m | CN¥150.9m | CN¥53.1m | −CN¥29.2m | CN¥11.3m | CN¥16.3m | CN¥37.9m | CN¥22.7m |
| Diluted earnings per share | -1.74 | -1.30 | -1.35 | 0.54 | 0.24 | -0.11 | 0.06 | 0.09 | 0.19 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.11bn | CN¥5.44bn | CN¥5.93bn | CN¥4.96bn | CN¥1.82bn | CN¥1.11bn | CN¥927.8m | CN¥782.6m | CN¥751.5m | CN¥564.5m |
| Cash and short-term investments | — | CN¥478.5m | CN¥684.0m | CN¥743.9m | CN¥365.6m | CN¥171.1m | CN¥50.0m | CN¥63.3m | CN¥22.5m | CN¥18.5m |
| Total liabilities | CN¥3.51bn | CN¥3.12bn | CN¥3.16bn | CN¥1.89bn | CN¥708.2m | CN¥559.9m | CN¥342.8m | CN¥202.2m | CN¥180.9m | CN¥26.5m |
| Debt | CN¥586.0m | CN¥1.80bn | CN¥2.45bn | CN¥1.37bn | CN¥238.0m | CN¥170.3m | CN¥155.3m | CN¥136.0m | CN¥135.0m | — |
| Shareholders' equity | CN¥858.0m | CN¥1.71bn | CN¥2.07bn | CN¥2.47bn | CN¥1.04bn | CN¥547.1m | CN¥585.0m | CN¥580.4m | CN¥570.6m | CN¥537.9m |
| Shares outstanding | 279m | 279m | 288m | 279m | 224m | 265m | 177m | 177m | 204m | 221m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥213.2m | CN¥44.5m | −CN¥1.49bn | −CN¥1.48bn | −CN¥51.6m | CN¥4.7m | −CN¥33.4m | CN¥79.4m | CN¥23.9m | CN¥28.0m |
| Capital spending | −CN¥149.1m | −CN¥308.3m | −CN¥431.4m | −CN¥1.03bn | −CN¥254.2m | −CN¥46.7m | −CN¥89.9m | −CN¥111.7m | −CN¥109.3m | −CN¥59.9m |
| Free cash flow | −CN¥362.2m | −CN¥263.8m | −CN¥1.92bn | −CN¥2.51bn | −CN¥305.8m | −CN¥42.0m | −CN¥123.3m | −CN¥32.3m | −CN¥85.4m | −CN¥31.9m |
| Dividends paid | −CN¥59.4m | −CN¥56.2m | −CN¥104.6m | −CN¥5.3m | −CN¥9.4m | −CN¥14.4m | −CN¥3.2m | −CN¥11.4m | −CN¥8.4m | −CN¥1.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.89bn | CN¥1.38bn | CN¥1.15bn | CN¥449.0m | CN¥356.2m | CN¥367.3m | CN¥510.2m | CN¥382.7m |
| Gross profit | CN¥150.7m | CN¥119.1m | CN¥35.5m | −CN¥4.2m | −CN¥107.3m | −CN¥69.9m | −CN¥172.3m | −CN¥31.5m |
| Operating income | CN¥129.2m | CN¥123.5m | CN¥18.0m | −CN¥119.8m | −CN¥180.8m | −CN¥109.1m | −CN¥256.3m | −CN¥71.2m |
| Net income | CN¥69.0m | CN¥76.9m | −CN¥110.9m | −CN¥131.1m | −CN¥153.4m | −CN¥89.9m | −CN¥232.8m | −CN¥48.7m |
| Diluted earnings per share | 0.25 | 0.28 | -0.40 | -0.47 | -0.55 | -0.32 | -0.83 | -0.17 |
| Cash from operations | — | — | — | CN¥7.0m | CN¥20.0m | −CN¥9.0m | — | −CN¥301.0m |
| Capital spending | −CN¥53.0m | −CN¥10.0m | −CN¥72.0m | −CN¥10.0m | −CN¥54.0m | −CN¥11.0m | −CN¥164.0m | −CN¥69.0m |
| Free cash flow | — | — | — | −CN¥3.0m | −CN¥34.0m | −CN¥20.0m | — | −CN¥370.0m |
| Total assets | CN¥6.86bn | CN¥5.94bn | CN¥5.11bn | CN¥4.63bn | CN¥4.70bn | CN¥5.52bn | CN¥5.44bn | CN¥5.32bn |
| Cash and short-term investments | — | — | — | CN¥340.8m | CN¥427.9m | CN¥613.1m | CN¥478.5m | CN¥425.0m |
| Debt | CN¥308.9m | CN¥572.6m | CN¥586.0m | CN¥1.39bn | CN¥1.35bn | CN¥1.76bn | CN¥1.80bn | CN¥2.17bn |
| Shareholders' equity | CN¥1.00bn | CN¥935.1m | CN¥858.0m | CN¥987.4m | CN¥1.47bn | CN¥1.62bn | CN¥1.71bn | CN¥1.93bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.0% | -18.8% | -8.0% | 18.1% | 15.2% | 3.9% |
| Operating margin | -19.8% | -26.0% | -15.7% | 12.4% | 9.3% | -7.2% |
| Net margin | -20.9% | -24.3% | -14.0% | 8.7% | 6.6% | -8.2% |
| Return on equity | -56.6% | -21.2% | -18.8% | 6.1% | 5.1% | -5.3% |
| Return on assets | -9.5% | -6.7% | -6.6% | 3.0% | 2.9% | -2.6% |
| Free cash flow yield | -1.4% | 7.9% | -22.8% | -9.9% | 5.6% | 1.2% |
| Revenue growth | 56.2% | -46.4% | 60.0% | 116.1% | 124.8% | -22.0% |
| Earnings growth | 33.9% | -7.0% | -358.0% | 184.2% | -281.8% | -357.8% |
| Current ratio | 0.67x | 0.90x | 1.38x | 2.40x | 1.45x | 0.98x |
| Debt to equity | 0.68x | 1.05x | 1.18x | 0.56x | 0.23x | 0.31x |
| Equity ratio | 16.8% | 31.4% | 34.9% | 49.7% | 57.4% | 49.4% |
| Interest coverage | -5.50x | -5.48x | -5.23x | 6.06x | 10.72x | -1.87x |
| R&D as a share of sales | 3.1% | 1.6% | 1.1% | 0.8% | 1.2% | 2.8% |
| Buybacks as a share of market value | 0.1% | 3.0% | -3.1% | -24.8% | 15.7% | -50.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 45.5% | 22.9% |
| Operating income | — | 45.6% | — |
| Net income | — | 75.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -11.2% | -4.0% | -2.1% | 1.0% |
| Operating margin | -18.9% | -12.7% | -10.9% | -8.2% |
| Net margin | -22.2% | -13.0% | -11.2% | -8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.2 | -9.2 | -11.8 | 53.6 | 95.0 | -88.6 | 131.8 | 50.8 | 50.0 | 155.1 |
| Price to sales | 2.1 | 2.2 | 1.7 | 4.7 | 6.3 | 7.3 | 3.3 | 3.1 | 5.9 | 13.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2023.
| FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.021 | 0.016 | 0.033 | 0.026 |
- 7-for-5 split · 26 May 2023
- 3-for-2 split · 19 Jun 2019
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.