S 
3.08
-0.32%
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¥534.0m
FY2016FY2025
Net income
−CN¥9.3m
FY2016FY2025
Free cash flow
−CN¥35.2m
FY2016FY2025
Shareholders' equity
CN¥58.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥534.0m | CN¥416.1m | CN¥435.9m | CN¥458.5m | CN¥316.9m | CN¥252.1m | CN¥525.3m | CN¥259.4m | CN¥557.5m | CN¥445.9m |
| Gross profit | CN¥85.6m | CN¥81.7m | CN¥77.4m | CN¥84.6m | CN¥42.7m | CN¥45.0m | CN¥141.6m | CN¥21.0m | CN¥143.4m | CN¥163.0m |
| Research and development | CN¥23.5m | CN¥17.4m | CN¥16.4m | CN¥12.1m | CN¥11.7m | CN¥13.9m | CN¥14.8m | CN¥9.3m | CN¥16.4m | CN¥15.5m |
| Operating income | −CN¥23.8m | −CN¥9.8m | −CN¥203.0m | −CN¥273.3m | −CN¥153.4m | −CN¥128.7m | CN¥49.2m | −CN¥169.0m | −CN¥4.5m | CN¥46.1m |
| Net income | −CN¥9.3m | −CN¥8.3m | −CN¥231.0m | −CN¥283.2m | −CN¥171.6m | −CN¥118.9m | CN¥17.8m | −CN¥179.2m | −CN¥5.8m | CN¥29.4m |
| Diluted earnings per share | -0.02 | -0.02 | -0.64 | -0.81 | -0.64 | -0.43 | 0.06 | -0.60 | -0.02 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥677.6m | CN¥597.1m | CN¥631.7m | CN¥708.2m | CN¥745.0m | CN¥794.1m | CN¥1.05bn | CN¥1.03bn | CN¥1.30bn | CN¥1.37bn |
| Cash and short-term investments | — | CN¥92.8m | CN¥58.3m | CN¥47.5m | CN¥71.0m | CN¥79.2m | CN¥172.9m | CN¥71.4m | CN¥176.7m | CN¥361.7m |
| Total liabilities | CN¥568.8m | CN¥495.0m | CN¥585.5m | CN¥573.3m | CN¥426.9m | CN¥320.8m | CN¥455.9m | CN¥433.4m | CN¥546.9m | CN¥554.0m |
| Debt | — | CN¥65.8m | CN¥62.4m | CN¥92.8m | CN¥86.6m | CN¥174.8m | CN¥220.9m | CN¥263.6m | CN¥336.3m | CN¥345.1m |
| Shareholders' equity | CN¥58.3m | CN¥35.8m | −CN¥29.0m | CN¥68.2m | CN¥255.1m | CN¥413.6m | CN¥533.7m | CN¥547.1m | CN¥695.4m | CN¥722.4m |
| Shares outstanding | 446m | 363m | 361m | 349m | 268m | 275m | 303m | 300m | 305m | 297m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥34.7m | CN¥17.4m | CN¥4.8m | −CN¥83.8m | CN¥9.6m | CN¥38.9m | CN¥127.5m | −CN¥6.8m | −CN¥58.8m | −CN¥113.0m |
| Capital spending | −CN¥475,348 | −CN¥142,524 | −CN¥705,376 | −CN¥2.6m | −CN¥1.4m | −CN¥36.9m | −CN¥1.9m | −CN¥968,875 | −CN¥11.8m | −CN¥4.4m |
| Free cash flow | −CN¥35.2m | CN¥17.2m | CN¥4.1m | −CN¥86.4m | CN¥8.2m | CN¥2.0m | CN¥125.5m | −CN¥7.8m | −CN¥70.6m | −CN¥117.4m |
| Dividends paid | −CN¥470,360 | −CN¥2.0m | −CN¥1.7m | −CN¥4.3m | −CN¥13.5m | −CN¥10.3m | −CN¥19.1m | −CN¥22.7m | −CN¥45.3m | −CN¥16.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥120.6m | CN¥119.5m | CN¥149.6m | CN¥127.3m | CN¥124.9m | CN¥132.2m | CN¥88.7m | CN¥106.3m |
| Gross profit | CN¥34.5m | CN¥13.6m | CN¥22.5m | CN¥22.2m | CN¥23.9m | CN¥17.0m | CN¥21.6m | CN¥22.3m |
| Operating income | −CN¥24.2m | −CN¥29.7m | −CN¥31.5m | −CN¥2.8m | −CN¥202,323 | CN¥1.4m | CN¥22.5m | CN¥782,703 |
| Net income | −CN¥20.6m | −CN¥22.0m | −CN¥2.3m | −CN¥3.9m | −CN¥1.9m | −CN¥1.3m | CN¥20.5m | −CN¥3.4m |
| Diluted earnings per share | -0.05 | -0.05 | -0.01 | -0.01 | -0.00 | -0.00 | 0.06 | -0.01 |
| Cash from operations | — | — | — | −CN¥21.0m | CN¥8.0m | −CN¥24.0m | CN¥11.0m | CN¥2.0m |
| Total assets | CN¥713.8m | CN¥671.6m | CN¥677.6m | CN¥591.1m | CN¥538.2m | CN¥607.1m | CN¥597.1m | CN¥612.5m |
| Cash and short-term investments | — | — | — | CN¥106.4m | CN¥67.7m | CN¥59.8m | CN¥92.8m | CN¥57.5m |
| Debt | — | — | — | CN¥72.8m | CN¥66.4m | CN¥67.6m | CN¥65.3m | CN¥55.0m |
| Shareholders' equity | CN¥72.5m | CN¥59.9m | CN¥58.3m | CN¥28.7m | CN¥32.6m | CN¥34.5m | CN¥35.8m | −CN¥9.7m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 19.6% | 17.8% | 18.4% | 13.5% | 17.9% | — |
| Operating margin | -0.9% | 1.7% | -46.6% | -59.6% | -48.4% | -40.6% | — |
| Net margin | -1.7% | -2.0% | -53.0% | -61.8% | -54.2% | -47.2% | — |
| Return on equity | -16.0% | -23.3% | 795.5% | -415.4% | -67.3% | -28.8% | — |
| Return on assets | -1.4% | -1.4% | -36.6% | -40.0% | -23.0% | -15.0% | — |
| Free cash flow yield | -2.6% | 1.6% | 0.5% | -7.8% | 1.4% | 9.2% | — |
| Revenue growth | 28.3% | -4.6% | -4.9% | 44.7% | 25.7% | -52.0% | — |
| Earnings growth | 11.7% | -96.4% | -18.4% | 65.0% | 44.3% | -767.7% | — |
| Current ratio | 1.02x | 1.00x | 0.94x | 1.05x | 1.40x | 1.72x | — |
| Debt to equity | — | 1.83x | -2.14x | 1.10x | 0.31x | 0.40x | 0.41x |
| Equity ratio | 8.6% | 6.0% | -4.6% | 9.6% | 34.2% | 52.1% | — |
| Interest coverage | -0.37x | 0.55x | -15.80x | -26.49x | -10.35x | -3.95x | — |
| R&D as a share of sales | 4.4% | 4.2% | 3.8% | 2.6% | 3.7% | 5.5% | — |
| Buybacks as a share of market value | -23.0% | -0.6% | -3.2% | -30.1% | 2.2% | 9.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 16.2% | 4.7% |
| Operating income | -55.7% | -28.6% | — |
| Net income | -68.0% | -39.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.6% | 17.9% | 17.3% | 22.7% |
| Operating margin | -3.5% | -27.6% | -32.8% | -18.8% |
| Net margin | -1.9% | -28.8% | -34.1% | -20.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -237.0 | -99.1 | -4.7 | -6.0 | -7.7 | -11.3 | 92.5 | -8.7 | -515.7 | 158.8 |
| Price to sales | 4.1 | 2.0 | 2.5 | 3.7 | 4.2 | 5.3 | 3.1 | 6.0 | 5.4 | 10.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2017.
| FY2017 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.10 | 0.053 | 0.044 | 0.03 |
- 3-for-2 split · 4 Jun 2014
- 2-for-1 split · 27 May 2013
- 3-for-2 split · 19 Jun 2012
- 3-for-2 split · 18 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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