S 
18.65
+1.63%
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¥603.8m
FY2016FY2025
Net income
−CN¥47.5m
FY2016FY2025
Free cash flow
CN¥18.3m
FY2016FY2025
Shareholders' equity
CN¥1.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥603.8m | CN¥511.5m | CN¥498.4m | CN¥696.7m | CN¥580.1m | CN¥451.3m | CN¥485.2m | CN¥535.6m | CN¥445.6m | CN¥363.5m |
| Gross profit | CN¥189.1m | CN¥48.2m | CN¥98.0m | CN¥229.9m | CN¥169.9m | CN¥120.7m | CN¥162.3m | CN¥177.7m | CN¥139.1m | CN¥126.6m |
| Research and development | CN¥26.3m | CN¥27.6m | CN¥35.1m | CN¥19.1m | CN¥9.1m | CN¥9.1m | CN¥8.4m | CN¥1.7m | CN¥1.0m | CN¥828,985 |
| Operating income | −CN¥41.2m | −CN¥99.2m | CN¥15.1m | CN¥145.1m | CN¥84.6m | CN¥111.5m | CN¥82.3m | CN¥98.4m | CN¥66.4m | CN¥66.6m |
| Net income | −CN¥47.5m | −CN¥130.8m | −CN¥8.1m | CN¥123.2m | CN¥71.0m | CN¥98.3m | CN¥67.4m | CN¥78.3m | CN¥49.6m | CN¥50.6m |
| Diluted earnings per share | -0.32 | -0.89 | -0.08 | 0.84 | 0.47 | 0.67 | 0.44 | 0.71 | 0.52 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.90bn | CN¥1.99bn | CN¥2.10bn | CN¥2.22bn | CN¥1.92bn | CN¥1.41bn | CN¥1.16bn | CN¥796.3m | CN¥741.0m | CN¥586.6m |
| Cash and short-term investments | — | CN¥151.3m | CN¥121.7m | CN¥226.0m | CN¥106.7m | CN¥153.7m | CN¥243.6m | CN¥84.7m | CN¥89.0m | CN¥47.8m |
| Total liabilities | CN¥880.7m | CN¥919.4m | CN¥905.2m | CN¥996.6m | CN¥805.9m | CN¥358.5m | CN¥189.3m | CN¥266.5m | CN¥278.7m | CN¥264.0m |
| Debt | CN¥200.7m | CN¥575.5m | CN¥647.9m | CN¥698.0m | CN¥449.7m | CN¥112.1m | CN¥472,500 | CN¥112.0m | CN¥152.3m | CN¥133.4m |
| Shareholders' equity | CN¥1.01bn | CN¥1.06bn | CN¥1.19bn | CN¥1.22bn | CN¥1.11bn | CN¥1.06bn | CN¥972.3m | CN¥529.5m | CN¥461.7m | CN¥322.1m |
| Shares outstanding | 147m | 147m | 102m | 147m | 152m | 147m | 154m | 111m | 96m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥66.3m | CN¥45.3m | CN¥79.4m | CN¥95.2m | −CN¥126.8m | CN¥127.6m | CN¥40.1m | CN¥107.3m | CN¥45.6m | CN¥61.1m |
| Capital spending | −CN¥48.0m | −CN¥28.6m | −CN¥91.3m | −CN¥150.9m | −CN¥271.4m | −CN¥253.6m | −CN¥180.0m | −CN¥57.1m | −CN¥79.3m | −CN¥28.3m |
| Free cash flow | CN¥18.3m | CN¥16.7m | −CN¥11.9m | −CN¥55.7m | −CN¥398.2m | −CN¥126.0m | −CN¥139.9m | CN¥50.2m | −CN¥33.7m | CN¥32.8m |
| Dividends paid | −CN¥16.2m | −CN¥18.5m | −CN¥40.8m | −CN¥14.7m | −CN¥17.6m | −CN¥14.7m | −CN¥16.5m | −CN¥17.7m | −CN¥6.8m | −CN¥36.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥150.3m | CN¥117.1m | CN¥151.7m | CN¥153.0m | CN¥175.3m | CN¥123.9m | CN¥116.2m | CN¥130.6m |
| Gross profit | CN¥20.8m | CN¥8.4m | CN¥23.0m | CN¥15.2m | CN¥20.0m | CN¥8.4m | −CN¥8.5m | CN¥20.1m |
| Operating income | −CN¥4.5m | −CN¥13.5m | −CN¥5.0m | −CN¥10.8m | −CN¥3.7m | −CN¥11.4m | −CN¥74.9m | −CN¥7.2m |
| Net income | −CN¥7.7m | −CN¥10.7m | −CN¥15.0m | −CN¥10.8m | −CN¥7.7m | −CN¥14.0m | −CN¥93.6m | −CN¥10.9m |
| Diluted earnings per share | -0.05 | -0.07 | -0.10 | -0.07 | -0.05 | -0.10 | -0.64 | -0.07 |
| Cash from operations | — | — | — | CN¥37.0m | CN¥3.0m | CN¥8.0m | — | CN¥39.0m |
| Capital spending | −CN¥1.0m | −CN¥13.0m | −CN¥8.0m | −CN¥11.0m | −CN¥12.0m | −CN¥15.0m | −CN¥3.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥26.0m | −CN¥9.0m | −CN¥7.0m | — | CN¥35.0m |
| Total assets | CN¥1.85bn | CN¥1.88bn | CN¥1.90bn | CN¥1.86bn | CN¥1.90bn | CN¥1.92bn | CN¥1.99bn | CN¥2.05bn |
| Cash and short-term investments | — | — | — | CN¥76.5m | CN¥87.8m | CN¥97.1m | CN¥151.3m | CN¥111.7m |
| Debt | CN¥279.9m | CN¥203.4m | CN¥200.7m | CN¥412.8m | CN¥472.2m | CN¥531.9m | CN¥570.6m | CN¥499.0m |
| Shareholders' equity | CN¥995.2m | CN¥1.00bn | CN¥1.01bn | CN¥1.02bn | CN¥1.03bn | CN¥1.04bn | CN¥1.06bn | CN¥1.15bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.3% | 9.4% | 19.7% | 33.0% | 29.3% | 26.7% |
| Operating margin | -5.4% | -17.7% | 3.0% | 23.5% | 16.2% | 25.9% |
| Net margin | -7.9% | -25.6% | -1.6% | 17.7% | 12.2% | 21.8% |
| Return on equity | -4.7% | -12.4% | -0.7% | 10.1% | 6.4% | 9.3% |
| Return on assets | -2.5% | -6.6% | -0.4% | 5.6% | 3.7% | 7.0% |
| Free cash flow yield | 4.4% | 2.9% | 9.6% | 9.5% | 5.4% | 14.8% |
| Revenue growth | 18.1% | 2.6% | -28.5% | 20.1% | 28.5% | -7.0% |
| Earnings growth | -63.7% | 1509.6% | -106.6% | 73.5% | -27.7% | 45.7% |
| Current ratio | 1.27x | 1.55x | 1.50x | 1.76x | 1.25x | 2.57x |
| Debt to equity | 0.20x | 0.54x | 0.54x | 0.48x | 0.34x | 0.11x |
| Equity ratio | 53.0% | 53.1% | 56.5% | 55.0% | 57.8% | 74.6% |
| Interest coverage | -1.69x | -3.81x | 0.60x | 6.63x | 9.83x | 43.45x |
| R&D as a share of sales | 4.4% | 5.4% | 7.0% | 2.7% | 1.6% | 2.0% |
| Buybacks as a share of market value | -0.1% | -44.3% | 30.8% | 3.4% | -3.7% | 4.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.7% | 6.0% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.3% | 24.5% | 25.6% | 28.6% |
| Operating margin | -12.6% | 0.9% | 6.5% | 10.6% |
| Net margin | -16.0% | -2.7% | 3.2% | 7.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -59.6 | -16.1 | -247.8 | 16.6 | 33.7 | 24.7 | 53.1 |
| Price to sales | 4.7 | 4.1 | 4.0 | 2.9 | 4.1 | 5.4 | 7.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.16 | 0.10 | 0.12 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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