S 
11.05
-1.34%
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¥1.02bn
FY2016FY2025
Net income
−CN¥73.1m
FY2016FY2025
Free cash flow
CN¥78.9m
FY2016FY2025
Shareholders' equity
CN¥1.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.02bn | CN¥970.6m | CN¥1.28bn | CN¥1.31bn | CN¥1.20bn | CN¥913.2m | CN¥965.8m | CN¥1.05bn | CN¥785.6m | CN¥568.2m |
| Research and development | CN¥41.5m | CN¥58.4m | CN¥55.1m | CN¥50.2m | CN¥49.7m | CN¥45.0m | CN¥55.8m | CN¥39.4m | CN¥31.7m | CN¥19.1m |
| Operating income | CN¥3.5m | −CN¥70.6m | CN¥94.3m | CN¥49.2m | CN¥56.0m | −CN¥157.8m | CN¥67.2m | CN¥149.1m | CN¥110.8m | CN¥127.5m |
| Net income | −CN¥73.1m | −CN¥88.8m | CN¥45.6m | CN¥42.0m | CN¥36.2m | −CN¥179.8m | CN¥55.3m | CN¥126.1m | CN¥92.0m | CN¥101.2m |
| Diluted earnings per share | -0.36 | -0.44 | 0.24 | 0.23 | 0.21 | -1.05 | 0.33 | 0.76 | 0.54 | 0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.96bn | CN¥3.03bn | CN¥3.24bn | CN¥3.00bn | CN¥2.97bn | CN¥2.84bn | CN¥2.99bn | CN¥2.59bn | CN¥2.02bn | CN¥936.2m |
| Cash and short-term investments | — | CN¥256.0m | CN¥238.5m | CN¥188.4m | CN¥161.5m | CN¥344.5m | CN¥387.0m | CN¥680.9m | CN¥310.9m | CN¥33.5m |
| Total liabilities | CN¥1.16bn | CN¥1.14bn | CN¥1.17bn | CN¥1.22bn | CN¥1.24bn | CN¥1.15bn | CN¥1.10bn | CN¥732.6m | CN¥317.4m | CN¥333.2m |
| Debt | CN¥133.8m | CN¥722.2m | CN¥742.6m | CN¥700.0m | CN¥671.2m | CN¥658.1m | CN¥751.8m | CN¥494.7m | CN¥150.0m | CN¥234.4m |
| Shareholders' equity | CN¥1.76bn | CN¥1.84bn | CN¥2.01bn | CN¥1.72bn | CN¥1.68bn | CN¥1.64bn | CN¥1.83bn | CN¥1.81bn | CN¥1.69bn | CN¥579.7m |
| Shares outstanding | 201m | 204m | 190m | 183m | 172m | 172m | 167m | 166m | 171m | 130m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥158.5m | CN¥194.5m | −CN¥92.8m | CN¥145.3m | CN¥227.3m | CN¥254.6m | CN¥57.6m | −CN¥334.4m | CN¥10.9m | CN¥80.1m |
| Capital spending | −CN¥79.7m | −CN¥65.5m | −CN¥94.1m | −CN¥143.7m | −CN¥388.9m | −CN¥242.6m | −CN¥210.7m | −CN¥220.9m | −CN¥75.3m | −CN¥125.9m |
| Free cash flow | CN¥78.9m | CN¥128.9m | −CN¥186.9m | CN¥1.7m | −CN¥161.6m | CN¥12.0m | −CN¥153.1m | −CN¥555.3m | −CN¥64.4m | −CN¥45.7m |
| Dividends paid | −CN¥27.8m | −CN¥112.9m | −CN¥32.3m | −CN¥1.6m | −CN¥24.5m | −CN¥5.5m | −CN¥15.1m | −CN¥24.8m | −CN¥14.7m | −CN¥13.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥284.7m | CN¥328.0m | CN¥267.7m | CN¥241.4m | CN¥247.9m | CN¥259.9m | CN¥205.6m | CN¥198.4m |
| Operating income | CN¥40.7m | CN¥19.9m | CN¥18.7m | −CN¥17.2m | −CN¥22.6m | −CN¥21.0m | −CN¥116.2m | CN¥1.8m |
| Net income | CN¥26.6m | CN¥3.6m | −CN¥3.9m | −CN¥16.5m | −CN¥25.2m | −CN¥27.5m | −CN¥103.5m | CN¥1.5m |
| Diluted earnings per share | 0.13 | 0.02 | -0.02 | -0.08 | -0.13 | -0.14 | -0.51 | 0.01 |
| Cash from operations | — | — | — | CN¥15.0m | CN¥72.0m | −CN¥10.0m | — | CN¥82.0m |
| Capital spending | −CN¥4.0m | −CN¥30.0m | −CN¥44.0m | −CN¥10.0m | −CN¥8.0m | −CN¥15.0m | −CN¥1.0m | −CN¥37.0m |
| Free cash flow | — | — | — | CN¥5.0m | CN¥64.0m | −CN¥25.0m | — | CN¥45.0m |
| Total assets | CN¥2.95bn | CN¥2.93bn | CN¥2.96bn | CN¥2.87bn | CN¥2.92bn | CN¥2.94bn | CN¥3.03bn | CN¥3.09bn |
| Cash and short-term investments | — | — | — | CN¥228.4m | CN¥271.7m | CN¥229.9m | CN¥256.0m | CN¥148.4m |
| Debt | CN¥137.5m | CN¥125.6m | CN¥133.8m | CN¥799.4m | CN¥730.5m | CN¥731.2m | CN¥716.8m | CN¥841.0m |
| Shareholders' equity | CN¥1.76bn | CN¥1.77bn | CN¥1.76bn | CN¥1.77bn | CN¥1.78bn | CN¥1.81bn | CN¥1.84bn | CN¥1.94bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -4.7% | -7.0% | 7.4% | 6.6% | 7.1% | -17.2% |
| Net margin | -7.2% | -9.1% | 3.6% | 3.2% | 3.0% | -19.7% |
| Return on equity | -4.2% | -4.8% | 2.3% | 2.4% | 2.2% | -10.9% |
| Return on assets | -2.5% | -2.9% | 1.4% | 1.4% | 1.2% | -6.3% |
| Free cash flow yield | 9.5% | 10.2% | 0.1% | 12.6% | 28.6% | 23.2% |
| Revenue growth | 4.8% | -24.2% | -2.5% | 9.1% | 31.7% | -5.4% |
| Earnings growth | -17.6% | -294.6% | 8.7% | 15.9% | -120.1% | -425.1% |
| Current ratio | 1.28x | 1.26x | 1.42x | 1.05x | 1.02x | 1.21x |
| Debt to equity | 0.08x | 0.39x | 0.39x | 0.39x | 0.40x | 0.39x |
| Equity ratio | 59.6% | 60.8% | 62.1% | 57.4% | 56.7% | 57.8% |
| Interest coverage | -1.65x | -1.92x | 2.31x | 2.23x | 2.72x | -4.42x |
| R&D as a share of sales | 4.1% | 6.0% | 4.3% | 3.8% | 4.1% | 4.9% |
| Buybacks as a share of market value | 1.5% | -7.3% | -3.6% | -6.2% | -0.3% | -2.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.1% | 2.2% | 4.3% |
| Operating income | -58.6% | — | -33.9% |
| Net income | — | -16.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.4% | 1.7% | -0.4% | 6.0% |
| Net margin | -8.1% | -1.6% | -3.3% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -37.6 | -44.9 | 82.3 | 62.2 | 73.5 | -14.1 | 64.8 | 27.2 | 47.7 |
| Price to sales | 2.7 | 4.1 | 2.9 | 2.0 | 2.2 | 2.8 | 3.7 | 3.3 | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 14 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.02 | 0.45 | 0.009 | 0.009 | 0.033 | 0.088 | 0.063 |
- 8-for-5 split · 25 Aug 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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