S 
7.91
+4.91%
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¥704.5m
FY2016FY2025
Net income
−CN¥146.5m
FY2016FY2025
Free cash flow
−CN¥6.9m
FY2016FY2025
Shareholders' equity
CN¥424.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥704.5m | CN¥697.7m | CN¥859.8m | CN¥1.15bn | CN¥579.6m | CN¥609.3m | CN¥535.5m | CN¥513.5m | CN¥411.1m | CN¥343.9m |
| Gross profit | CN¥39.9m | −CN¥8.8m | −CN¥83.3m | CN¥205.7m | CN¥124.7m | CN¥196.8m | CN¥211.0m | CN¥160.6m | CN¥129.3m | CN¥117.0m |
| Research and development | CN¥40.2m | CN¥69.0m | CN¥49.1m | CN¥37.0m | CN¥39.9m | CN¥39.4m | CN¥30.1m | CN¥30.3m | CN¥24.6m | CN¥16.8m |
| Operating income | −CN¥168.4m | −CN¥376.0m | −CN¥330.9m | CN¥9.3m | −CN¥199.3m | CN¥14.7m | CN¥41.4m | CN¥40.9m | CN¥45.6m | CN¥57.0m |
| Net income | −CN¥146.5m | −CN¥418.1m | −CN¥240.8m | CN¥19.4m | −CN¥161.7m | CN¥15.4m | CN¥11.6m | CN¥10.0m | CN¥33.5m | CN¥52.8m |
| Diluted earnings per share | -0.32 | -0.97 | -0.55 | 0.03 | -0.50 | 0.06 | 0.02 | 0.02 | 0.10 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.06bn | CN¥2.04bn | CN¥2.24bn | CN¥2.41bn | CN¥2.09bn | CN¥1.44bn | CN¥1.30bn | CN¥1.28bn | CN¥1.08bn | CN¥439.3m |
| Cash and short-term investments | — | CN¥185.5m | CN¥298.5m | CN¥449.8m | CN¥447.1m | CN¥91.8m | CN¥142.5m | CN¥249.7m | CN¥322.1m | CN¥98.0m |
| Total liabilities | CN¥1.63bn | CN¥1.44bn | CN¥1.26bn | CN¥1.09bn | CN¥980.4m | CN¥753.1m | CN¥652.8m | CN¥691.0m | CN¥535.6m | CN¥160.6m |
| Debt | CN¥417.7m | CN¥864.6m | CN¥674.8m | CN¥691.8m | CN¥589.4m | CN¥450.9m | CN¥430.6m | CN¥455.2m | CN¥275.2m | CN¥56.0m |
| Shareholders' equity | CN¥424.2m | CN¥567.9m | CN¥989.0m | CN¥1.23bn | CN¥1.01bn | CN¥648.6m | CN¥618.5m | CN¥577.5m | CN¥507.8m | CN¥268.5m |
| Shares outstanding | 457m | 433m | 435m | 614m | 324m | 248m | 481m | 454m | 344m | 238m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥99.7m | −CN¥1.8m | −CN¥9.7m | −CN¥144.2m | −CN¥112.0m | CN¥15.0m | CN¥25.7m | CN¥41.1m | −CN¥82.6m | CN¥54.4m |
| Capital spending | −CN¥106.7m | −CN¥113.1m | −CN¥276.3m | −CN¥112.4m | −CN¥56.2m | −CN¥71.9m | −CN¥74.2m | −CN¥88.0m | −CN¥81.1m | −CN¥81.9m |
| Free cash flow | −CN¥6.9m | −CN¥114.9m | −CN¥285.9m | −CN¥256.6m | −CN¥168.2m | −CN¥56.9m | −CN¥48.5m | −CN¥46.9m | −CN¥163.7m | −CN¥27.4m |
| Dividends paid | −CN¥32.5m | −CN¥32.2m | −CN¥23.6m | −CN¥15.7m | −CN¥27.5m | −CN¥2.4m | −CN¥3.6m | −CN¥30.4m | −CN¥18.3m | −CN¥2.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥352.2m | CN¥282.2m | CN¥73.7m | CN¥156.4m | CN¥193.3m | CN¥281.1m | CN¥156.7m | CN¥140.6m |
| Gross profit | CN¥48.2m | CN¥54.2m | −CN¥48.9m | CN¥14.2m | CN¥47.7m | CN¥27.0m | −CN¥96.3m | CN¥36.5m |
| Operating income | CN¥7.6m | CN¥19.4m | −CN¥111.9m | −CN¥19.2m | CN¥13.7m | CN¥12.8m | −CN¥271.7m | −CN¥48.0m |
| Net income | CN¥8.6m | CN¥8.7m | −CN¥148.7m | −CN¥9.1m | CN¥6.2m | CN¥5.1m | −CN¥371.2m | −CN¥28.9m |
| Diluted earnings per share | 0.02 | 0.02 | -0.33 | -0.02 | 0.01 | 0.01 | -0.86 | -0.07 |
| Cash from operations | — | — | — | −CN¥18.0m | CN¥76.0m | CN¥11.0m | CN¥79.0m | CN¥28.0m |
| Capital spending | −CN¥20.0m | −CN¥27.0m | −CN¥30.0m | −CN¥16.0m | −CN¥22.0m | −CN¥37.0m | −CN¥30.0m | −CN¥36.0m |
| Free cash flow | — | — | — | −CN¥34.0m | CN¥54.0m | −CN¥26.0m | CN¥49.0m | −CN¥8.0m |
| Total assets | CN¥2.17bn | CN¥2.13bn | CN¥2.06bn | CN¥2.28bn | CN¥2.02bn | CN¥2.03bn | CN¥2.04bn | CN¥2.20bn |
| Cash and short-term investments | — | — | — | CN¥336.9m | CN¥102.3m | CN¥111.2m | CN¥185.5m | CN¥78.1m |
| Debt | CN¥394.4m | CN¥433.0m | CN¥417.7m | CN¥525.5m | CN¥706.3m | CN¥799.2m | CN¥779.8m | CN¥729.7m |
| Shareholders' equity | CN¥439.3m | CN¥428.8m | CN¥424.2m | CN¥572.5m | CN¥582.2m | CN¥575.5m | CN¥567.9m | CN¥939.9m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.7% | -1.3% | -9.7% | 17.9% | 21.5% | 32.3% |
| Operating margin | -23.9% | -46.8% | -38.5% | 3.3% | -28.7% | 6.3% |
| Net margin | -20.8% | -59.9% | -28.0% | 1.7% | -27.9% | 2.5% |
| Return on equity | -34.5% | -73.6% | -24.3% | 1.6% | -16.0% | 2.4% |
| Return on assets | -7.1% | -20.5% | -10.8% | 0.8% | -7.7% | 1.1% |
| Free cash flow yield | 5.9% | 3.4% | 8.1% | -0.7% | -2.3% | 4.6% |
| Revenue growth | 1.0% | -18.9% | -25.3% | 98.5% | -4.9% | 13.8% |
| Earnings growth | -65.0% | 73.6% | -1343.9% | -112.0% | -1146.9% | 32.8% |
| Current ratio | 0.76x | 0.72x | 1.01x | 1.50x | 1.31x | 0.93x |
| Debt to equity | 0.98x | 1.37x | 0.67x | 0.52x | 0.49x | 0.70x |
| Equity ratio | 20.6% | 27.9% | 44.2% | 51.1% | 48.5% | 45.0% |
| Interest coverage | -4.07x | -6.84x | -7.34x | 1.33x | -5.12x | 1.59x |
| R&D as a share of sales | 5.7% | 9.9% | 5.7% | 3.2% | 6.9% | 6.5% |
| Buybacks as a share of market value | -5.6% | 0.3% | 29.2% | -89.4% | -30.6% | 48.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.1% | 2.9% | 7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.2% | 4.5% | 10.3% | 17.8% |
| Operating margin | -38.8% | -25.4% | -22.8% | -12.0% |
| Net margin | -40.3% | -23.0% | -20.3% | -11.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.5 | -6.4 | -11.6 | 255.9 | -16.4 | 197.4 | 364.3 | 443.2 | 74.2 |
| Price to sales | 4.5 | 3.8 | 3.2 | 4.3 | 4.6 | 5.0 | 7.9 | 8.6 | 6.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 May 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.007 | 0.01 | 0.037 | 0.046 |
- 3-for-2 split · 15 May 2020
- 9-for-5 split · 1 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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