S 
14.65
-2.98%
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¥362.5m
FY2016FY2025
Net income
−CN¥41.9m
FY2016FY2025
Free cash flow
−CN¥66.5m
FY2016FY2025
Shareholders' equity
CN¥487.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥362.5m | CN¥680.7m | CN¥326.2m | CN¥195.2m | CN¥219.5m | CN¥211.7m | CN¥266.4m | CN¥231.4m | CN¥204.2m | CN¥200.8m |
| Gross profit | CN¥61.9m | CN¥149.5m | CN¥81.4m | CN¥70.8m | CN¥78.9m | CN¥73.8m | CN¥87.8m | CN¥88.8m | CN¥82.5m | CN¥93.9m |
| Research and development | CN¥27.6m | CN¥26.2m | CN¥20.3m | CN¥12.3m | CN¥14.9m | CN¥15.7m | CN¥15.0m | CN¥13.6m | CN¥12.8m | CN¥12.1m |
| Operating income | −CN¥56.4m | CN¥30.8m | CN¥964,715 | CN¥11.8m | CN¥21.2m | CN¥26.4m | CN¥36.6m | CN¥40.7m | CN¥36.4m | CN¥41.4m |
| Net income | −CN¥41.9m | CN¥18.1m | CN¥5.9m | CN¥12.9m | CN¥19.5m | CN¥23.4m | CN¥31.9m | CN¥36.8m | CN¥33.3m | CN¥40.1m |
| Diluted earnings per share | -0.32 | 0.13 | 0.07 | 0.09 | 0.12 | 0.17 | 0.25 | 0.30 | 0.37 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥951.2m | CN¥1.17bn | CN¥772.4m | CN¥656.0m | CN¥633.0m | CN¥637.0m | CN¥612.3m | CN¥624.3m | CN¥550.2m | CN¥322.7m |
| Cash and short-term investments | — | CN¥535.1m | CN¥369.3m | CN¥336.5m | CN¥298.9m | CN¥286.6m | CN¥254.7m | CN¥121.0m | CN¥152.9m | CN¥80.8m |
| Total liabilities | CN¥457.5m | CN¥619.9m | CN¥242.7m | CN¥128.7m | CN¥118.6m | CN¥142.1m | CN¥128.0m | CN¥166.8m | CN¥124.7m | CN¥92.4m |
| Debt | — | CN¥16.9m | CN¥15.5m | CN¥12.5m | CN¥19.9m | CN¥20.2m | CN¥19.1m | CN¥37.0m | CN¥8.1m | CN¥10.3m |
| Shareholders' equity | CN¥487.8m | CN¥527.3m | CN¥530.2m | CN¥527.3m | CN¥514.4m | CN¥494.9m | CN¥484.2m | CN¥457.5m | CN¥425.5m | CN¥230.3m |
| Shares outstanding | 129m | 135m | 89m | 141m | 157m | 136m | 126m | 123m | 91m | 96m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥62.8m | CN¥103.1m | CN¥47.3m | CN¥45.4m | CN¥23.4m | CN¥69.1m | CN¥51.2m | CN¥30.9m | CN¥4.0m | CN¥15.8m |
| Capital spending | −CN¥3.6m | −CN¥5.8m | −CN¥12.2m | −CN¥11.8m | −CN¥12.6m | −CN¥25.7m | −CN¥32.5m | −CN¥27.4m | −CN¥6.3m | −CN¥4.4m |
| Free cash flow | −CN¥66.5m | CN¥97.3m | CN¥35.0m | CN¥33.6m | CN¥10.7m | CN¥43.5m | CN¥18.7m | CN¥3.6m | −CN¥2.3m | CN¥11.4m |
| Dividends paid | −CN¥1.9m | −CN¥4.7m | — | — | — | −CN¥12.8m | −CN¥5.1m | −CN¥4.8m | −CN¥16.0m | −CN¥9.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥94.2m | CN¥9.1m | CN¥77.2m | CN¥139.7m | CN¥91.3m | CN¥54.4m | CN¥521.6m | CN¥56.3m |
| Gross profit | CN¥10.8m | CN¥1.1m | CN¥22.9m | CN¥18.0m | CN¥16.0m | CN¥4.9m | CN¥98.8m | CN¥23.0m |
| Operating income | −CN¥24.7m | −CN¥29.5m | −CN¥13.0m | −CN¥15.7m | −CN¥663,222 | −CN¥17.3m | CN¥56.7m | −CN¥6.3m |
| Net income | −CN¥19.9m | −CN¥24.7m | −CN¥13.3m | −CN¥12.3m | −CN¥1.9m | −CN¥14.4m | CN¥39.4m | −CN¥5.7m |
| Diluted earnings per share | -0.15 | -0.19 | -0.10 | -0.10 | -0.01 | -0.11 | 0.29 | -0.04 |
| Cash from operations | — | — | — | −CN¥17.0m | −CN¥40.0m | −CN¥50.0m | CN¥149.0m | CN¥9.0m |
| Capital spending | −CN¥1.0m | — | −CN¥1.0m | −CN¥1.0m | — | — | — | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥18.0m | — | — | — | CN¥7.0m |
| Total assets | CN¥930.4m | CN¥891.4m | CN¥951.2m | CN¥1.03bn | CN¥1.10bn | CN¥1.11bn | CN¥1.17bn | CN¥817.3m |
| Cash and short-term investments | — | — | — | CN¥473.0m | CN¥480.2m | CN¥496.1m | CN¥535.1m | CN¥323.3m |
| Debt | — | — | — | CN¥151.8m | — | — | CN¥3.0m | CN¥8.7m |
| Shareholders' equity | CN¥451.1m | CN¥466.4m | CN¥487.8m | CN¥521.0m | CN¥512.0m | CN¥513.9m | CN¥527.3m | CN¥486.0m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.1% | 22.0% | 25.0% | 36.3% | 36.0% | 34.8% | — |
| Operating margin | -14.5% | 4.8% | 0.7% | 8.5% | 10.1% | 12.6% | — |
| Net margin | -11.6% | 2.7% | 1.8% | 6.6% | 8.9% | 11.1% | — |
| Return on equity | -8.6% | 3.4% | 1.1% | 2.5% | 3.8% | 4.7% | — |
| Return on assets | -4.4% | 1.6% | 0.8% | 2.0% | 3.1% | 3.7% | — |
| Free cash flow yield | -2.9% | 5.0% | 4.2% | 2.5% | 1.4% | 4.4% | — |
| Revenue growth | -46.7% | 108.7% | 67.1% | -11.1% | 3.7% | -20.5% | — |
| Earnings growth | -331.7% | 206.2% | -54.3% | -33.6% | -16.7% | -26.5% | — |
| Current ratio | 1.70x | 1.62x | 2.65x | 4.00x | 4.20x | 3.62x | — |
| Debt to equity | — | 0.01x | 0.03x | 0.02x | 0.04x | 0.04x | 0.04x |
| Equity ratio | 51.3% | 45.3% | 68.6% | 80.4% | 81.3% | 77.7% | — |
| Interest coverage | -74.61x | 31.29x | 3.79x | 118.61x | 93.87x | 91.37x | — |
| R&D as a share of sales | 7.6% | 3.9% | 6.2% | 6.3% | 6.8% | 7.4% | — |
| Buybacks as a share of market value | 4.5% | -52.9% | 37.2% | 10.2% | -15.0% | -8.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.9% | 11.4% | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.3% | 23.2% | 25.9% | 31.0% |
| Operating margin | -2.5% | -0.8% | 1.7% | 7.5% |
| Net margin | -2.3% | -0.3% | 1.9% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -63.9 | 93.9 | 247.1 | 154.9 | 137.0 | 67.3 | 48.0 | 39.4 | 29.0 |
| Price to sales | 7.4 | 2.5 | 4.5 | 10.3 | 12.2 | 7.4 | 5.7 | 6.3 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 17 Jun 2025.
| FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.036 | 0.10 | 0.04 | 0.038 | 0.125 |
- 8-for-5 split · 31 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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