S 
12.18
-1.77%
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¥1.86bn
FY2016FY2025
Net income
−CN¥136.6m
FY2016FY2025
Free cash flow
−CN¥115.6m
FY2016FY2025
Shareholders' equity
CN¥1.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.86bn | CN¥2.01bn | CN¥1.68bn | CN¥1.93bn | CN¥1.63bn | CN¥1.57bn | CN¥1.37bn | CN¥1.41bn | CN¥1.12bn | CN¥952.3m |
| Research and development | CN¥78.8m | CN¥86.6m | CN¥98.5m | CN¥103.9m | CN¥73.6m | CN¥64.8m | CN¥61.3m | CN¥70.6m | CN¥51.6m | — |
| Operating income | −CN¥123.7m | −CN¥96.5m | −CN¥237.2m | CN¥71.7m | CN¥108.9m | CN¥119.4m | CN¥181.4m | CN¥283.0m | CN¥126.7m | CN¥95.3m |
| Net income | −CN¥136.6m | −CN¥122.5m | −CN¥192.5m | CN¥73.1m | CN¥98.6m | CN¥103.5m | CN¥147.1m | CN¥243.7m | CN¥106.5m | CN¥72.9m |
| Diluted earnings per share | -1.21 | -0.88 | -1.35 | 0.49 | 0.73 | 0.96 | 1.80 | 2.17 | 1.46 | 1.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.82bn | CN¥3.93bn | CN¥3.74bn | CN¥3.54bn | CN¥3.22bn | CN¥2.30bn | CN¥1.89bn | CN¥1.79bn | CN¥1.61bn | CN¥1.41bn |
| Cash and short-term investments | — | CN¥425.2m | CN¥571.6m | CN¥315.8m | CN¥575.9m | CN¥283.5m | CN¥151.2m | CN¥263.9m | CN¥348.9m | CN¥147.1m |
| Total liabilities | CN¥2.60bn | CN¥2.58bn | CN¥2.27bn | CN¥1.86bn | CN¥1.59bn | CN¥1.30bn | CN¥972.5m | CN¥989.7m | CN¥1.19bn | CN¥922.0m |
| Debt | CN¥142.8m | CN¥928.4m | CN¥800.4m | CN¥570.9m | CN¥520.6m | CN¥506.0m | CN¥346.1m | CN¥349.5m | CN¥574.4m | CN¥493.9m |
| Shareholders' equity | CN¥1.22bn | CN¥1.35bn | CN¥1.47bn | CN¥1.68bn | CN¥1.63bn | CN¥996.2m | CN¥914.1m | CN¥800.1m | CN¥428.4m | CN¥484.8m |
| Shares outstanding | 113m | 139m | 142m | 149m | 136m | 108m | 82m | 113m | 73m | 68m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥13.9m | CN¥104.9m | CN¥86.9m | −CN¥40.4m | CN¥54.4m | CN¥114.7m | CN¥96.2m | CN¥242.7m | CN¥244.3m | CN¥80.4m |
| Capital spending | −CN¥129.5m | −CN¥174.7m | −CN¥134.9m | −CN¥129.2m | −CN¥244.9m | −CN¥90.9m | −CN¥92.5m | −CN¥12.1m | −CN¥43.1m | −CN¥59.7m |
| Free cash flow | −CN¥115.6m | −CN¥69.8m | −CN¥48.0m | −CN¥169.5m | −CN¥190.5m | CN¥23.9m | CN¥3.7m | CN¥230.5m | CN¥201.2m | CN¥20.7m |
| Dividends paid | −CN¥20.2m | −CN¥25.1m | −CN¥35.2m | −CN¥21.9m | −CN¥20.1m | −CN¥24.7m | −CN¥32.9m | −CN¥70.9m | −CN¥67.7m | −CN¥105.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥503.0m | CN¥642.9m | CN¥352.9m | CN¥444.0m | CN¥544.2m | CN¥519.9m | CN¥487.0m | CN¥535.6m |
| Operating income | −CN¥26.1m | CN¥33.8m | −CN¥99.0m | −CN¥55.9m | CN¥11.0m | CN¥17.1m | −CN¥74.1m | −CN¥24.5m |
| Net income | −CN¥44.3m | CN¥2.0m | −CN¥91.8m | −CN¥48.0m | −CN¥849,260 | CN¥4.1m | −CN¥66.4m | −CN¥23.4m |
| Diluted earnings per share | -0.39 | 0.02 | -0.82 | -0.43 | -0.01 | 0.04 | -0.48 | -0.17 |
| Cash from operations | — | — | — | −CN¥42.0m | CN¥9.0m | −CN¥58.0m | — | CN¥27.0m |
| Capital spending | −CN¥3.0m | −CN¥8.0m | −CN¥117.0m | −CN¥5.0m | −CN¥4.0m | −CN¥1.0m | −CN¥168.0m | −CN¥2.0m |
| Free cash flow | — | — | — | −CN¥47.0m | CN¥5.0m | −CN¥59.0m | — | CN¥25.0m |
| Total assets | CN¥3.95bn | CN¥3.93bn | CN¥3.82bn | CN¥3.91bn | CN¥4.09bn | CN¥3.93bn | CN¥3.93bn | CN¥3.87bn |
| Cash and short-term investments | — | — | — | CN¥236.8m | CN¥355.8m | CN¥324.3m | CN¥425.2m | CN¥366.3m |
| Debt | CN¥28.5m | CN¥30.0m | CN¥142.8m | CN¥1.27bn | CN¥1.06bn | CN¥941.1m | CN¥923.5m | CN¥892.5m |
| Shareholders' equity | CN¥1.18bn | CN¥1.22bn | CN¥1.22bn | CN¥1.31bn | CN¥1.36bn | CN¥1.36bn | CN¥1.35bn | CN¥1.42bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -6.7% | -4.5% | -11.9% | 5.2% | 8.3% | 9.2% |
| Net margin | -7.3% | -6.1% | -11.5% | 3.8% | 6.1% | 6.6% |
| Return on equity | -11.2% | -9.0% | -13.1% | 4.4% | 6.1% | 10.4% |
| Return on assets | -3.6% | -3.1% | -5.1% | 2.1% | 3.1% | 4.5% |
| Free cash flow yield | 10.0% | 15.8% | 12.2% | 4.7% | 17.2% | 15.0% |
| Revenue growth | -7.6% | 19.8% | -13.1% | 19.0% | 3.6% | 14.7% |
| Earnings growth | 11.6% | -36.4% | -363.2% | -25.8% | -4.8% | -29.6% |
| Current ratio | 0.56x | 0.71x | 0.87x | 1.06x | 1.23x | 0.94x |
| Debt to equity | 0.12x | 0.68x | 0.54x | 0.34x | 0.29x | 0.51x |
| Equity ratio | 31.9% | 34.4% | 39.4% | 47.5% | 50.5% | 43.3% |
| Interest coverage | -3.45x | -2.02x | -5.46x | 3.47x | 5.17x | 5.60x |
| R&D as a share of sales | 4.2% | 4.3% | 5.9% | 5.4% | 4.5% | 4.1% |
| Buybacks as a share of market value | 18.8% | 2.5% | 4.7% | -9.8% | -26.3% | -31.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | 3.5% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.7% | -5.2% | -1.5% | 3.8% |
| Net margin | -6.7% | -5.1% | -1.7% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -13.2 | -16.1 | -13.7 | 53.1 | 27.4 |
| Price to sales | 1.0 | 1.0 | 1.6 | 2.0 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.10 | 0.20 |
- 13-for-10 split · 22 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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