S 
50.89
+5.89%
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¥945.8m
FY2016FY2025
Net income
−CN¥156.9m
FY2016FY2025
Free cash flow
−CN¥753.6m
FY2016FY2025
Shareholders' equity
CN¥2.05bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥945.8m | CN¥554.6m | CN¥524.4m | CN¥668.1m | CN¥957.6m | CN¥1.08bn | CN¥527.5m | CN¥295.5m | CN¥304.5m | CN¥215.1m |
| Gross profit | CN¥134.0m | CN¥109.2m | CN¥121.2m | CN¥171.2m | CN¥294.7m | CN¥441.8m | CN¥168.9m | CN¥85.5m | CN¥73.8m | CN¥69.6m |
| Research and development | CN¥100.2m | CN¥76.1m | CN¥69.4m | CN¥62.2m | CN¥55.3m | CN¥54.7m | CN¥39.3m | CN¥23.7m | CN¥18.6m | — |
| Operating income | −CN¥160.4m | −CN¥93.6m | −CN¥37.9m | CN¥67.6m | CN¥138.8m | CN¥219.1m | CN¥53.7m | CN¥2.7m | −CN¥4.4m | CN¥11.4m |
| Net income | −CN¥156.9m | −CN¥86.4m | −CN¥22.6m | CN¥63.9m | CN¥124.4m | CN¥192.7m | CN¥48.8m | CN¥2.6m | −CN¥2.5m | CN¥13.4m |
| Diluted earnings per share | -1.33 | -0.74 | -1.09 | 0.56 | 1.48 | 2.23 | 0.42 | 0.02 | -0.06 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.00bn | CN¥2.56bn | CN¥2.57bn | CN¥2.64bn | CN¥2.69bn | CN¥729.9m | CN¥285.5m | CN¥208.5m | CN¥181.8m | CN¥159.2m |
| Cash and short-term investments | — | CN¥303.5m | CN¥425.0m | CN¥925.5m | CN¥1.98bn | CN¥237.7m | CN¥81.4m | CN¥22.6m | CN¥25.1m | CN¥15.9m |
| Total liabilities | CN¥958.4m | CN¥387.0m | CN¥310.3m | CN¥338.8m | CN¥421.5m | CN¥381.8m | CN¥179.4m | CN¥151.1m | CN¥127.7m | CN¥111.9m |
| Debt | — | CN¥62.1m | CN¥45.5m | CN¥89.8m | CN¥124.5m | CN¥9.8m | CN¥29.0m | CN¥38.3m | CN¥39.3m | CN¥29.0m |
| Shareholders' equity | CN¥2.05bn | CN¥2.18bn | CN¥2.26bn | CN¥2.31bn | CN¥2.27bn | CN¥348.1m | CN¥106.1m | CN¥57.3m | CN¥54.1m | CN¥53.8m |
| Shares outstanding | 118m | 116m | 21m | 114m | 84m | 86m | 115m | 118m | 45m | 41m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥528.9m | −CN¥28.8m | CN¥65.8m | CN¥79.6m | CN¥45.2m | CN¥155.4m | CN¥72.7m | CN¥1.6m | −CN¥4.8m | CN¥12.3m |
| Capital spending | −CN¥224.6m | −CN¥205.9m | −CN¥551.6m | −CN¥371.3m | −CN¥55.9m | −CN¥39.9m | −CN¥12.9m | −CN¥14.5m | −CN¥9.5m | −CN¥12.6m |
| Free cash flow | −CN¥753.6m | −CN¥234.7m | −CN¥485.9m | −CN¥291.7m | −CN¥10.7m | CN¥115.5m | CN¥59.8m | −CN¥12.9m | −CN¥14.3m | −CN¥374,512 |
| Dividends paid | −CN¥3.0m | −CN¥98,844 | −CN¥23.0m | −CN¥34.5m | −CN¥61,002 | −CN¥676,595 | −CN¥1.9m | −CN¥2.5m | −CN¥1.6m | −CN¥1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥553.3m | CN¥353.6m | CN¥303.1m | CN¥355.2m | CN¥153.8m | CN¥133.7m | CN¥181.1m | CN¥135.9m |
| Gross profit | CN¥83.6m | CN¥93.1m | CN¥36.8m | CN¥59.1m | CN¥16.2m | CN¥21.9m | CN¥27.0m | CN¥32.1m |
| Operating income | CN¥131,903 | CN¥21.3m | −CN¥52.2m | −CN¥32.7m | −CN¥54.0m | −CN¥31.3m | −CN¥38.3m | −CN¥23.8m |
| Net income | CN¥448,867 | CN¥16.4m | −CN¥66.9m | −CN¥25.9m | −CN¥37.0m | −CN¥27.2m | −CN¥51.9m | −CN¥14.4m |
| Diluted earnings per share | 0.00 | 0.14 | -0.57 | -0.22 | -0.31 | -0.23 | -0.45 | -0.12 |
| Cash from operations | — | — | — | −CN¥327.0m | −CN¥107.0m | CN¥11.0m | — | −CN¥12.0m |
| Capital spending | −CN¥154.0m | −CN¥36.0m | −CN¥75.0m | −CN¥32.0m | −CN¥36.0m | −CN¥81.0m | −CN¥41.0m | −CN¥47.0m |
| Free cash flow | — | — | — | −CN¥359.0m | −CN¥143.0m | −CN¥70.0m | — | −CN¥59.0m |
| Total assets | CN¥4.46bn | CN¥3.38bn | CN¥3.00bn | CN¥2.92bn | CN¥2.50bn | CN¥2.52bn | CN¥2.56bn | CN¥2.50bn |
| Cash and short-term investments | — | — | — | CN¥413.7m | CN¥364.2m | CN¥296.5m | CN¥303.5m | CN¥321.3m |
| Debt | — | — | — | CN¥430.3m | — | CN¥30.0m | — | CN¥10.0m |
| Shareholders' equity | CN¥2.11bn | CN¥2.07bn | CN¥2.05bn | CN¥2.10bn | CN¥2.12bn | CN¥2.15bn | CN¥2.18bn | CN¥2.23bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.3% | -2.7% | 20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 19.9% | 26.9% | 27.5% |
| Operating margin | -16.9% | -8.3% | 2.8% | 3.3% |
| Net margin | -16.2% | -7.5% | 2.4% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -32.6 | -32.4 | -26.5 | 51.1 | 40.5 |
| Price to sales | 5.4 | 5.0 | 1.1 | 4.9 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.20 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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