S 
5.45
-1.45%
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¥143.3m
FY2015FY2024
Net income
−CN¥507.3m
FY2015FY2024
Free cash flow
−CN¥39.4m
FY2015FY2024
Shareholders' equity
CN¥122.4m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥143.3m | CN¥448.2m | CN¥386.2m | CN¥1.03bn | CN¥1.36bn | CN¥1.28bn | CN¥1.27bn | CN¥1.50bn | CN¥1.00bn | CN¥664.9m |
| Research and development | CN¥40.2m | CN¥55.3m | CN¥69.5m | CN¥82.7m | CN¥81.3m | CN¥70.3m | CN¥52.9m | CN¥47.6m | CN¥12.3m | CN¥10.0m |
| Operating income | −CN¥336.8m | −CN¥162.9m | −CN¥96.1m | −CN¥327.2m | −CN¥498.7m | −CN¥415.2m | CN¥72.1m | CN¥200.6m | CN¥54.4m | CN¥85.7m |
| Net income | −CN¥507.3m | −CN¥160.8m | −CN¥226.5m | −CN¥349.0m | −CN¥429.6m | −CN¥419.2m | CN¥75.3m | CN¥181.9m | CN¥100.8m | CN¥77.5m |
| Diluted earnings per share | -0.66 | -0.21 | -0.29 | -0.45 | -0.55 | -0.56 | 0.10 | 0.54 | 0.16 | 0.13 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.17bn | CN¥1.62bn | CN¥1.96bn | CN¥3.32bn | CN¥4.58bn | CN¥4.60bn | CN¥4.79bn | CN¥4.29bn | CN¥2.08bn | CN¥1.26bn |
| Cash and short-term investments | CN¥69.1m | CN¥72.7m | CN¥107.2m | CN¥160.6m | CN¥371.8m | CN¥633.2m | CN¥435.9m | CN¥522.5m | CN¥256.5m | CN¥231.2m |
| Total liabilities | CN¥1.06bn | CN¥988.5m | CN¥1.16bn | CN¥2.28bn | CN¥3.33bn | CN¥2.85bn | CN¥2.37bn | CN¥1.96bn | CN¥1.17bn | CN¥501.6m |
| Debt | CN¥351.3m | CN¥369.3m | CN¥543.3m | CN¥872.5m | CN¥1.78bn | CN¥1.56bn | CN¥1.31bn | CN¥982.1m | CN¥434.0m | CN¥53.9m |
| Shareholders' equity | CN¥122.4m | CN¥634.7m | CN¥802.6m | CN¥1.03bn | CN¥1.25bn | CN¥1.73bn | CN¥2.34bn | CN¥2.26bn | CN¥840.0m | CN¥734.6m |
| Shares outstanding | 765m | 771m | 772m | 777m | 785m | 754m | 778m | 336m | 614m | 617m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥38.7m | −CN¥24.3m | CN¥106.8m | CN¥408.4m | CN¥24.7m | CN¥363.2m | CN¥39.2m | −CN¥339.0m | −CN¥80.0m | CN¥135.4m |
| Capital spending | −CN¥744,393 | −CN¥3.4m | −CN¥18.7m | −CN¥58.9m | −CN¥260.9m | −CN¥423.6m | −CN¥376.8m | −CN¥131.9m | −CN¥264.9m | −CN¥44.8m |
| Free cash flow | −CN¥39.4m | −CN¥27.8m | CN¥88.1m | CN¥349.5m | −CN¥236.2m | −CN¥60.4m | −CN¥337.6m | −CN¥470.9m | −CN¥344.9m | CN¥90.6m |
| Dividends paid | −CN¥12.8m | −CN¥28.8m | −CN¥39.2m | −CN¥86.3m | −CN¥110.6m | −CN¥7.8m | −CN¥81.7m | −CN¥43.9m | −CN¥13.6m | −CN¥6.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥30.6m | CN¥40.0m | CN¥25.1m | CN¥29.7m | CN¥32.7m | −CN¥19.5m | CN¥25.9m | CN¥57.6m |
| Operating income | −CN¥5.1m | −CN¥6.7m | −CN¥18.9m | −CN¥8.1m | −CN¥17.4m | −CN¥317.5m | −CN¥14.9m | −CN¥9.4m |
| Net income | −CN¥7.3m | −CN¥10.7m | −CN¥27.8m | −CN¥7.4m | −CN¥18.4m | −CN¥489.8m | −CN¥13.8m | −CN¥10.2m |
| Diluted earnings per share | -0.01 | -0.01 | -0.04 | -0.01 | -0.02 | -0.64 | -0.02 | -0.01 |
| Cash from operations | — | — | −CN¥1.0m | CN¥6.0m | CN¥26.0m | — | CN¥7.0m | −CN¥2.0m |
| Total assets | CN¥954.2m | CN¥963.4m | CN¥1.09bn | CN¥1.11bn | CN¥1.12bn | CN¥1.17bn | CN¥1.53bn | CN¥1.56bn |
| Cash and short-term investments | — | — | CN¥68.0m | CN¥65.7m | CN¥58.5m | CN¥69.1m | CN¥53.9m | CN¥56.3m |
| Debt | CN¥200.6m | CN¥200.6m | CN¥72.5m | CN¥331.7m | CN¥331.6m | CN¥347.2m | CN¥363.6m | CN¥373.7m |
| Shareholders' equity | −CN¥1.15bn | −CN¥1.15bn | CN¥71.9m | CN¥99.7m | CN¥104.0m | CN¥122.4m | CN¥617.5m | CN¥631.1m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -337.2% | -30.7% | -15.6% | -23.3% | -30.8% | -27.9% |
| Net margin | — | -354.1% | -35.9% | -58.6% | -33.8% | -31.7% | -32.8% |
| Return on equity | — | -414.3% | -25.3% | -28.2% | -33.7% | -34.5% | -24.3% |
| Return on assets | — | -43.2% | -10.0% | -11.6% | -10.5% | -9.4% | -9.1% |
| Free cash flow yield | — | -0.9% | -0.5% | 2.9% | 10.8% | 6.5% | 18.7% |
| Revenue growth | — | -68.0% | 16.0% | -62.6% | -23.8% | 6.2% | 0.7% |
| Earnings growth | — | 215.5% | -29.0% | -35.1% | -18.8% | 2.5% | -656.7% |
| Current ratio | — | 0.95x | 1.53x | 1.47x | 1.26x | 1.09x | 1.30x |
| Debt to equity | — | 2.84x | 0.57x | 0.67x | 0.79x | 1.48x | 1.04x |
| Equity ratio | — | 10.4% | 39.3% | 41.0% | 31.2% | 27.2% | 37.6% |
| Interest coverage | — | -17.86x | -4.66x | -1.44x | -2.70x | -5.01x | -5.83x |
| R&D as a share of sales | — | 28.0% | 12.3% | 18.0% | 8.0% | 6.0% | 5.5% |
| Buybacks as a share of market value | -0.1% | 0.8% | 0.1% | 0.7% | 0.9% | -4.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -48.2% | -35.4% | -13.6% |
| Operating income | 1.0% | -4.1% | — |
| Net income | 13.3% | 3.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -84.5% | -45.9% | -39.6% | -14.0% |
| Net margin | -113.0% | -61.9% | -45.1% | -16.5% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.0 | -27.9 | -9.7 | -7.4 | -11.9 | -11.7 | 62.5 | 15.4 | 49.1 | 80.5 |
| Price to sales | 32.0 | 10.0 | 5.7 | 2.5 | 3.8 | 3.8 | 3.7 | 1.9 | 4.9 | 9.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.028 | 0.017 | 0.011 | 0.007 | 0.007 | 0.017 | 0.017 |
- 9-for-5 split · 10 May 2018
- 3-for-2 split · 29 Apr 2016
- 11-for-5 split · 19 Mar 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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