S 
4.84
+1.04%
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¥2.97bn
FY2015FY2024
Net income
−CN¥1.33bn
FY2015FY2024
Free cash flow
−CN¥448.3m
FY2015FY2024
Shareholders' equity
CN¥3.70bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.97bn | CN¥3.63bn | CN¥3.73bn | CN¥5.09bn | CN¥4.85bn | CN¥4.40bn | CN¥3.42bn | CN¥3.73bn | CN¥3.28bn | CN¥2.26bn |
| Research and development | CN¥351.5m | CN¥191.0m | CN¥178.1m | CN¥218.7m | CN¥136.2m | CN¥145.3m | CN¥123.2m | CN¥117.9m | CN¥81.3m | CN¥55.0m |
| Operating income | −CN¥714.7m | −CN¥30.0m | −CN¥5.9m | CN¥3.12bn | CN¥326.2m | CN¥191.1m | −CN¥83.9m | CN¥361.3m | CN¥206.9m | CN¥42.8m |
| Net income | −CN¥1.33bn | −CN¥44.0m | −CN¥51.3m | CN¥2.62bn | CN¥262.0m | CN¥142.8m | −CN¥147.4m | CN¥301.5m | CN¥203.1m | CN¥64.6m |
| Diluted earnings per share | -1.30 | -0.04 | -0.05 | 2.55 | 0.25 | 0.14 | -0.14 | 0.30 | 0.24 | 0.11 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.98bn | CN¥6.18bn | CN¥6.55bn | CN¥10.09bn | CN¥7.60bn | CN¥6.92bn | CN¥7.21bn | CN¥7.61bn | CN¥6.87bn | CN¥4.07bn |
| Cash and short-term investments | CN¥1.57bn | CN¥2.25bn | CN¥2.74bn | CN¥5.69bn | CN¥926.3m | CN¥525.7m | CN¥787.3m | CN¥658.0m | CN¥656.7m | CN¥309.5m |
| Total liabilities | CN¥1.32bn | CN¥1.04bn | CN¥1.33bn | CN¥2.04bn | CN¥1.97bn | CN¥1.47bn | CN¥1.85bn | CN¥2.06bn | CN¥1.60bn | CN¥2.04bn |
| Debt | CN¥39.2m | CN¥1.6m | CN¥21.9m | CN¥312.7m | CN¥414.6m | CN¥54.0m | CN¥407.9m | CN¥446.5m | CN¥319.1m | CN¥649.7m |
| Shareholders' equity | CN¥3.70bn | CN¥5.18bn | CN¥5.25bn | CN¥8.08bn | CN¥5.64bn | CN¥5.44bn | CN¥5.36bn | CN¥5.54bn | CN¥5.25bn | CN¥1.99bn |
| Shares outstanding | 1,024m | 1,197m | 1,031m | 1,028m | 1,028m | 1,028m | 1,043m | 1,018m | 844m | 576m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥149.8m | −CN¥190.0m | CN¥86.3m | CN¥284.4m | CN¥221.9m | CN¥186.4m | CN¥154.5m | CN¥45.1m | −CN¥44.7m | CN¥151.8m |
| Capital spending | −CN¥298.5m | −CN¥116.2m | −CN¥145.8m | −CN¥151.7m | −CN¥184.0m | −CN¥19.4m | −CN¥23.9m | −CN¥47.9m | −CN¥146.8m | −CN¥46.9m |
| Free cash flow | −CN¥448.3m | −CN¥306.2m | −CN¥59.5m | CN¥132.8m | CN¥38.0m | CN¥167.0m | CN¥130.6m | −CN¥2.8m | −CN¥191.5m | CN¥104.9m |
| Dividends paid | −CN¥584,652 | −CN¥1.2m | −CN¥2.77bn | −CN¥174.7m | −CN¥51.4m | −CN¥18.7m | −CN¥53.9m | −CN¥49.3m | −CN¥200.4m | −CN¥88.4m |
Latest quarters
By quarter end
| Jun 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥447.4m | CN¥757.6m | CN¥702.4m | CN¥754.5m | CN¥701.7m | CN¥762.8m | CN¥724.5m | CN¥782.1m |
| Operating income | −CN¥59.1m | CN¥27.5m | CN¥14.0m | CN¥12.5m | −CN¥771.8m | CN¥12.6m | CN¥12.1m | CN¥32.3m |
| Net income | −CN¥91.7m | CN¥12.4m | CN¥6.8m | CN¥1.2m | −CN¥1.37bn | CN¥9.5m | CN¥7.6m | CN¥23.1m |
| Diluted earnings per share | -0.10 | 0.01 | 0.01 | 0.00 | -1.34 | 0.01 | 0.01 | 0.02 |
| Cash from operations | — | −CN¥197.0m | −CN¥72.0m | −CN¥325.0m | — | −CN¥72.0m | CN¥4.0m | −CN¥7.0m |
| Capital spending | −CN¥16.0m | −CN¥51.0m | −CN¥41.0m | −CN¥26.0m | −CN¥66.0m | −CN¥90.0m | −CN¥69.0m | −CN¥71.0m |
| Free cash flow | — | −CN¥248.0m | −CN¥113.0m | −CN¥351.0m | — | −CN¥162.0m | −CN¥65.0m | −CN¥78.0m |
| Total assets | CN¥4.27bn | CN¥4.51bn | CN¥4.50bn | CN¥4.63bn | CN¥4.98bn | CN¥5.88bn | CN¥5.92bn | CN¥5.98bn |
| Cash and short-term investments | — | CN¥774.7m | CN¥1.03bn | CN¥1.17bn | CN¥1.57bn | CN¥1.78bn | CN¥1.95bn | CN¥2.07bn |
| Debt | CN¥46.0m | CN¥31.6m | — | CN¥15.3m | CN¥38.1m | — | — | CN¥97,801 |
| Shareholders' equity | CN¥3.26bn | CN¥3.67bn | CN¥3.66bn | CN¥3.66bn | CN¥3.70bn | CN¥5.12bn | CN¥5.11bn | CN¥5.12bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -44.1% | -1.0% | 0.2% | 61.6% | 7.1% | 5.0% |
| Net margin | — | -44.7% | -1.2% | -1.4% | 51.4% | 5.4% | 3.2% |
| Return on equity | — | -35.9% | -0.8% | -1.0% | 32.4% | 4.6% | 2.6% |
| Return on assets | — | -26.7% | -0.7% | -0.8% | 25.9% | 3.4% | 2.1% |
| Free cash flow yield | — | 2.8% | -1.2% | 4.4% | 8.2% | 7.7% | 3.9% |
| Revenue growth | — | -18.1% | -2.8% | -26.8% | 5.1% | 10.2% | 28.6% |
| Earnings growth | — | 2920.6% | -14.2% | -102.0% | 898.9% | 83.5% | -196.8% |
| Current ratio | — | 2.56x | 4.86x | 4.04x | 4.68x | 2.24x | 2.72x |
| Debt to equity | — | 0.01x | 0.00x | 0.00x | 0.04x | 0.07x | 0.06x |
| Equity ratio | — | 74.2% | 83.8% | 80.2% | 80.0% | 74.2% | 78.6% |
| Interest coverage | — | -302.62x | -18.00x | 0.52x | 154.30x | 15.95x | 8.10x |
| R&D as a share of sales | — | 11.8% | 5.3% | 4.8% | 4.3% | 2.8% | 3.3% |
| Buybacks as a share of market value | 7.3% | 14.4% | -16.0% | -0.3% | 0.1% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.4% | -7.5% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.3% | 15.4% | 11.7% | 8.8% |
| Net margin | -20.8% | 7.7% | 6.5% | 5.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -183.6 | -149.8 | 3.2 | 21.6 | 34.8 | -26.9 | 23.3 | 40.7 | 90.2 |
| Price to sales | 1.5 | 2.2 | 2.1 | 1.6 | 1.2 | 1.1 | 1.2 | 1.9 | 2.5 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 May 2022.
| FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.027 | 0.17 | 0.05 | 0.02 | 0.025 | 0.291 | 0.05 | 0.05 |
- 2-for-1 split · 14 Jun 2018
- 2-for-1 split · 23 Jul 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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