S 
7.53
-1.44%
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¥3.74bn
FY2016FY2025
Net income
−CN¥29.7m
FY2016FY2025
Free cash flow
−CN¥30.8m
FY2016FY2025
Shareholders' equity
CN¥2.39bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.74bn | CN¥3.52bn | CN¥2.54bn | CN¥2.76bn | CN¥2.77bn | CN¥2.27bn | CN¥2.42bn | CN¥1.57bn | CN¥2.10bn | CN¥1.55bn |
| Gross profit | CN¥528.3m | CN¥153.5m | CN¥222.9m | CN¥364.1m | CN¥374.4m | CN¥379.2m | CN¥413.8m | CN¥200.4m | CN¥312.6m | CN¥228.9m |
| Research and development | CN¥47.6m | CN¥42.3m | CN¥41.0m | CN¥39.8m | CN¥24.5m | CN¥14.2m | CN¥11.5m | CN¥10.1m | CN¥54.8m | CN¥46.2m |
| Operating income | CN¥53.9m | −CN¥52.1m | CN¥96.5m | CN¥258.2m | CN¥246.5m | CN¥269.0m | CN¥243.3m | CN¥122.9m | CN¥157.0m | CN¥105.0m |
| Net income | −CN¥29.7m | −CN¥68.2m | CN¥84.6m | CN¥196.5m | CN¥190.2m | CN¥207.0m | CN¥177.9m | CN¥102.8m | CN¥95.1m | CN¥80.0m |
| Diluted earnings per share | -0.06 | -0.17 | 0.17 | 0.43 | 0.67 | 0.52 | 0.41 | 0.24 | 0.22 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.04bn | CN¥5.18bn | CN¥3.94bn | CN¥3.05bn | CN¥2.89bn | CN¥2.27bn | CN¥2.06bn | CN¥1.82bn | CN¥1.73bn | CN¥1.48bn |
| Cash and short-term investments | — | CN¥278.6m | CN¥88.8m | CN¥452.3m | CN¥535.4m | CN¥314.5m | CN¥191.4m | CN¥164.9m | CN¥133.1m | CN¥99.2m |
| Total liabilities | CN¥2.56bn | CN¥2.60bn | CN¥1.36bn | CN¥521.1m | CN¥531.1m | CN¥346.3m | CN¥317.1m | CN¥194.2m | CN¥142.4m | CN¥117.2m |
| Debt | CN¥271.8m | CN¥1.18bn | CN¥428.6m | CN¥92.6m | CN¥25.6m | CN¥700,000 | CN¥91.7m | CN¥59.1m | CN¥5.0m | — |
| Shareholders' equity | CN¥2.39bn | CN¥2.45bn | CN¥2.58bn | CN¥2.53bn | CN¥2.36bn | CN¥1.92bn | CN¥1.74bn | CN¥1.62bn | CN¥1.59bn | CN¥1.36bn |
| Shares outstanding | 476m | 390m | 508m | 455m | 285m | 399m | 437m | 425m | 433m | 352m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥131.1m | −CN¥212.4m | −CN¥3.3m | CN¥227.7m | CN¥107.0m | CN¥463.3m | CN¥136.2m | CN¥55.6m | CN¥49.9m | −CN¥56.1m |
| Capital spending | −CN¥161.9m | −CN¥573.5m | −CN¥719.7m | −CN¥211.8m | −CN¥171.8m | −CN¥142.8m | −CN¥161.6m | −CN¥99.8m | −CN¥124.2m | −CN¥61.0m |
| Free cash flow | −CN¥30.8m | −CN¥785.8m | −CN¥722.9m | CN¥15.9m | −CN¥64.8m | CN¥320.6m | −CN¥25.4m | −CN¥44.2m | −CN¥74.3m | −CN¥117.1m |
| Dividends paid | −CN¥43.5m | −CN¥53.5m | −CN¥32.4m | −CN¥35.3m | −CN¥35.7m | −CN¥25.2m | −CN¥21.2m | −CN¥65.4m | −CN¥20.5m | −CN¥44.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥992.6m | CN¥913.0m | CN¥915.0m | CN¥869.8m | CN¥1.03bn | CN¥931.6m | CN¥1.10bn | CN¥986.6m |
| Gross profit | CN¥83.0m | CN¥66.0m | CN¥125.5m | CN¥37.4m | CN¥51.6m | CN¥42.6m | CN¥48.7m | CN¥51.0m |
| Operating income | CN¥46.2m | CN¥15.4m | CN¥48.4m | CN¥3.7m | CN¥4.3m | −CN¥1.7m | −CN¥29.8m | CN¥3.0m |
| Net income | CN¥28.2m | CN¥2.1m | −CN¥33.7m | CN¥2.9m | CN¥9.8m | −CN¥8.6m | −CN¥15.8m | −CN¥10.0m |
| Diluted earnings per share | 0.06 | 0.00 | -0.07 | 0.01 | 0.02 | -0.02 | -0.04 | -0.03 |
| Cash from operations | — | — | — | CN¥54.0m | −CN¥2.0m | CN¥14.0m | −CN¥206.0m | CN¥37.0m |
| Capital spending | −CN¥16.0m | −CN¥16.0m | −CN¥82.0m | −CN¥11.0m | −CN¥14.0m | −CN¥53.0m | −CN¥83.0m | −CN¥84.0m |
| Free cash flow | — | — | — | CN¥43.0m | −CN¥16.0m | −CN¥39.0m | −CN¥289.0m | −CN¥47.0m |
| Total assets | CN¥5.04bn | CN¥5.02bn | CN¥5.04bn | CN¥4.97bn | CN¥5.01bn | CN¥5.02bn | CN¥5.18bn | CN¥4.96bn |
| Cash and short-term investments | — | — | — | CN¥107.6m | CN¥220.2m | CN¥203.1m | CN¥278.6m | CN¥257.7m |
| Debt | CN¥193.5m | CN¥178.8m | CN¥271.8m | CN¥1.15bn | CN¥1.04bn | CN¥1.06bn | CN¥1.18bn | CN¥1.11bn |
| Shareholders' equity | CN¥2.43bn | CN¥2.39bn | CN¥2.39bn | CN¥2.42bn | CN¥2.42bn | CN¥2.44bn | CN¥2.45bn | CN¥2.46bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.1% | 4.4% | 8.8% | 13.2% | 13.5% | 16.7% |
| Operating margin | 1.4% | -1.5% | 4.0% | 8.8% | 8.8% | 12.0% |
| Net margin | -0.8% | -1.9% | 3.3% | 7.1% | 6.9% | 9.1% |
| Return on equity | -1.2% | -2.8% | 3.3% | 7.8% | 8.1% | 10.8% |
| Return on assets | -0.6% | -1.3% | 2.1% | 6.4% | 6.6% | 9.1% |
| Free cash flow yield | 7.0% | 10.6% | 16.1% | 11.1% | 11.2% | 17.4% |
| Revenue growth | 6.4% | 38.6% | -8.0% | -0.5% | 21.9% | -6.0% |
| Earnings growth | -56.4% | -180.5% | -56.9% | 3.3% | -8.1% | 16.4% |
| Current ratio | 0.99x | 1.04x | 1.47x | 3.53x | 3.80x | 4.96x |
| Debt to equity | 0.11x | 0.48x | 0.18x | 0.04x | 0.01x | 0.00x |
| Equity ratio | 47.4% | 47.3% | 65.4% | 82.9% | 81.6% | 84.7% |
| Interest coverage | 0.92x | -1.34x | 12.97x | 74.22x | 98.88x | 65.87x |
| R&D as a share of sales | 1.3% | 1.2% | 1.6% | 1.4% | 0.9% | 0.6% |
| Buybacks as a share of market value | -22.0% | 23.2% | -11.8% | -59.7% | 28.6% | 8.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.7% | 10.5% | 10.1% |
| Operating income | -40.7% | -27.5% | -7.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 10.1% | 11.5% | 12.9% |
| Operating margin | 0.0% | 2.8% | 5.0% | 6.1% |
| Net margin | -1.3% | 1.5% | 3.3% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -106.9 | -32.0 | 39.0 | 15.2 | 11.5 | 16.2 | 20.4 | 22.8 | 23.1 | 39.7 |
| Price to sales | 0.8 | 0.6 | 1.3 | 1.1 | 0.8 | 1.5 | 1.5 | 1.5 | 1.0 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.06 | 0.076 | 0.085 | 0.06 | 0.05 | 0.15 | 0.05 |
- 2-for-1 split · 18 Jun 2014
- 3-for-2 split · 19 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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