S 
9.85
-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¥183.6m
FY2016FY2025
Net income
−CN¥55.1m
FY2016FY2025
Free cash flow
CN¥29.6m
FY2016FY2025
Shareholders' equity
CN¥358.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥183.6m | CN¥227.1m | CN¥259.0m | CN¥274.8m | CN¥336.4m | CN¥293.8m | CN¥468.8m | CN¥334.0m | CN¥313.2m | CN¥377.8m |
| Research and development | CN¥20.1m | CN¥32.9m | CN¥48.8m | CN¥63.9m | CN¥54.1m | CN¥35.9m | CN¥42.5m | CN¥44.8m | CN¥65.0m | CN¥95.0m |
| Operating income | −CN¥42.0m | −CN¥44.9m | −CN¥52.4m | −CN¥75.0m | −CN¥38.8m | −CN¥132.6m | CN¥62.6m | CN¥43.9m | CN¥50.6m | −CN¥113.7m |
| Net income | −CN¥55.1m | −CN¥52.7m | −CN¥55.0m | −CN¥58.7m | −CN¥40.4m | −CN¥135.0m | CN¥51.7m | CN¥36.4m | CN¥50.3m | −CN¥36.4m |
| Diluted earnings per share | -0.20 | -0.20 | -0.21 | -0.21 | -0.15 | -0.25 | 0.21 | 0.13 | 0.20 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥727.0m | CN¥831.9m | CN¥897.5m | CN¥952.4m | CN¥1.07bn | CN¥1.05bn | CN¥1.44bn | CN¥1.23bn | CN¥1.14bn | CN¥1.10bn |
| Cash and short-term investments | — | CN¥24.7m | CN¥68.0m | CN¥59.1m | CN¥82.8m | CN¥109.6m | CN¥270.6m | CN¥250.1m | CN¥178.2m | CN¥120.6m |
| Total liabilities | CN¥386.2m | CN¥444.5m | CN¥438.3m | CN¥411.8m | CN¥439.0m | CN¥354.6m | CN¥596.3m | CN¥462.9m | CN¥356.3m | CN¥128.6m |
| Debt | CN¥8.5m | CN¥43.0m | CN¥102.4m | CN¥142.9m | CN¥157.3m | CN¥132.6m | CN¥215.9m | CN¥60.0m | — | — |
| Shareholders' equity | CN¥358.8m | CN¥405.9m | CN¥478.5m | CN¥564.6m | CN¥639.2m | CN¥696.5m | CN¥834.1m | CN¥749.6m | CN¥751.8m | CN¥949.8m |
| Shares outstanding | 271m | 269m | 267m | 281m | 263m | 548m | 242m | 275m | 250m | 315m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥34.3m | CN¥54.7m | CN¥53.7m | CN¥99.1m | CN¥67.4m | CN¥36.2m | CN¥3.1m | −CN¥5.5m | CN¥106.7m | CN¥92.3m |
| Capital spending | −CN¥4.7m | −CN¥31.5m | −CN¥73.8m | −CN¥81.7m | −CN¥44.8m | −CN¥37.6m | −CN¥107.5m | −CN¥60.1m | −CN¥81.1m | −CN¥9.0m |
| Free cash flow | CN¥29.6m | CN¥23.3m | −CN¥20.1m | CN¥17.4m | CN¥22.6m | −CN¥1.4m | −CN¥104.4m | −CN¥65.5m | CN¥25.6m | CN¥83.3m |
| Dividends paid | −CN¥322,193 | −CN¥1.9m | −CN¥4.2m | −CN¥5.5m | −CN¥11.8m | −CN¥5.3m | −CN¥5.3m | −CN¥7.5m | −CN¥7.5m | −CN¥6.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥30.6m | CN¥31.7m | CN¥41.2m | CN¥44.5m | CN¥48.7m | CN¥49.3m | CN¥50.4m | CN¥55.5m |
| Operating income | −CN¥7.6m | −CN¥10.0m | −CN¥4.1m | −CN¥1.6m | −CN¥13.1m | −CN¥11.7m | −CN¥4.6m | −CN¥9.0m |
| Net income | −CN¥15.2m | −CN¥14.4m | −CN¥27.8m | −CN¥2.6m | −CN¥12.9m | −CN¥11.7m | −CN¥16.4m | −CN¥11.4m |
| Diluted earnings per share | -0.06 | -0.05 | -0.10 | -0.01 | -0.05 | -0.04 | -0.06 | -0.04 |
| Cash from operations | — | — | — | — | CN¥3.0m | CN¥7.0m | — | CN¥14.0m |
| Capital spending | −CN¥1.0m | −CN¥4.0m | −CN¥2.0m | — | — | −CN¥1.0m | −CN¥24.0m | −CN¥3.0m |
| Free cash flow | — | — | — | — | — | CN¥6.0m | — | CN¥11.0m |
| Total assets | CN¥685.2m | CN¥692.8m | CN¥727.0m | CN¥800.7m | CN¥816.0m | CN¥834.1m | CN¥831.9m | CN¥785.1m |
| Cash and short-term investments | — | — | — | CN¥17.3m | CN¥34.9m | CN¥30.4m | CN¥24.7m | CN¥36.2m |
| Debt | — | CN¥8.3m | CN¥8.5m | CN¥49.9m | CN¥21.6m | CN¥21.8m | CN¥18.5m | CN¥31.2m |
| Shareholders' equity | CN¥329.3m | CN¥344.5m | CN¥358.8m | CN¥378.0m | CN¥380.7m | CN¥393.6m | CN¥405.9m | CN¥444.3m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -28.9% | -16.4% | -15.2% | -27.2% | -11.5% | -41.1% |
| Net margin | -30.0% | -23.2% | -21.2% | -21.4% | -12.0% | -45.9% |
| Return on equity | -15.3% | -13.0% | -11.5% | -10.4% | -6.3% | -19.4% |
| Return on assets | -7.6% | -6.3% | -6.1% | -6.2% | -3.8% | -12.8% |
| Free cash flow yield | — | 2.0% | — | — | — | — |
| Revenue growth | -19.2% | -12.3% | -5.7% | -18.3% | 14.5% | -37.3% |
| Earnings growth | 4.4% | -4.2% | -6.2% | 45.4% | -70.1% | -360.9% |
| Current ratio | 0.68x | 0.63x | 0.77x | 0.74x | 1.03x | 1.28x |
| Debt to equity | 0.02x | 0.05x | 0.14x | 0.19x | 0.20x | 0.19x |
| Equity ratio | 49.4% | 48.8% | 53.3% | 59.3% | 59.6% | 66.1% |
| Interest coverage | -58.28x | -4.19x | -4.99x | -10.47x | -4.26x | -16.74x |
| R&D as a share of sales | 10.9% | 14.5% | 18.8% | 23.3% | 16.1% | 12.2% |
| Buybacks as a share of market value | -0.6% | -0.7% | 4.8% | -6.9% | 52.1% | -126.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.6% | -9.0% | -6.1% |
| Operating income | -17.6% | -20.5% | -7.5% |
| Net income | -2.1% | -16.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -21.1% | -22.7% | -24.5% | -12.7% |
| Net margin | -26.2% | -23.5% | -25.2% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -61.8 | -85.7 | -82.5 | -95.9 | -212.5 | -37.6 | 72.7 | 76.5 | 70.8 | -207.1 |
| Price to sales | 18.5 | 19.9 | 17.5 | 20.5 | 25.5 | 17.3 | 8.0 | 8.3 | 11.4 | 19.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2020.
| FY2020 | FY2019 | FY2018 | FY2016 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.025 | 0.10 |
- 2-for-1 split · 9 Sept 2013
- 13-for-10 split · 7 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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