S 
0.99
-1.00%
Close of 9 Nov 2026, in HKD
Search any instrument
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
—
FY2017FY2025
Net income
−CN¥119.1m
FY2017FY2025
Free cash flow
−CN¥111.5m
FY2017FY2025
Shareholders' equity
CN¥591.7m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | CN¥2.0m | CN¥1.4m | CN¥4.0m | CN¥26.7m | CN¥14.9m | — | CN¥1.7m | — |
| Gross profit | −CN¥31.0m | CN¥543,000 | CN¥422,000 | CN¥4.0m | CN¥26.7m | CN¥14.9m | — | CN¥1.7m | −CN¥136,244 |
| Research and development | CN¥92.6m | CN¥94.8m | CN¥135.4m | CN¥180.4m | CN¥199.1m | CN¥120.4m | CN¥249.6m | CN¥55.1m | CN¥38.0m |
| Operating income | −CN¥145.2m | −CN¥182.4m | −CN¥242.7m | −CN¥258.9m | −CN¥305.9m | −CN¥189.4m | −CN¥319.0m | −CN¥94.0m | −CN¥46.1m |
| Net income | −CN¥119.1m | −CN¥185.1m | −CN¥243.1m | −CN¥284.2m | −CN¥288.2m | −CN¥142.8m | −CN¥324.4m | −CN¥97.4m | −CN¥55.9m |
| Diluted earnings per share | -0.09 | -0.17 | -0.24 | -0.29 | -0.29 | -0.14 | -0.37 | -0.12 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.06bn | CN¥753.1m | CN¥847.8m | CN¥1.01bn | CN¥1.04bn | CN¥1.32bn | CN¥1.50bn | CN¥103.4m | CN¥188.2m |
| Cash and short-term investments | CN¥445.3m | CN¥106.9m | CN¥234.7m | CN¥376.2m | CN¥589.5m | CN¥1.05bn | CN¥1.40bn | CN¥48.3m | CN¥131.5m |
| Total liabilities | CN¥466.3m | CN¥560.2m | CN¥552.2m | CN¥498.8m | CN¥361.4m | CN¥166.0m | CN¥177.3m | CN¥71.5m | CN¥247.6m |
| Debt | CN¥394.2m | CN¥482.3m | CN¥450.8m | CN¥357.2m | CN¥275.5m | CN¥97.8m | CN¥53.6m | CN¥60.3m | CN¥212.0m |
| Shareholders' equity | CN¥591.7m | CN¥192.9m | CN¥295.6m | CN¥509.6m | CN¥680.2m | CN¥1.15bn | CN¥1.32bn | CN¥31.9m | −CN¥59.3m |
| Shares outstanding | 1,371m | 1,076m | 1,018m | 996m | 988m | 1,006m | 874m | 837m | 1,006m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥82.1m | −CN¥130.8m | −CN¥133.8m | −CN¥300.5m | −CN¥147.1m | −CN¥141.3m | −CN¥259.1m | −CN¥54.5m | −CN¥46.8m |
| Capital spending | −CN¥29.5m | −CN¥41.5m | −CN¥103.9m | −CN¥112.8m | −CN¥198.2m | −CN¥76.0m | −CN¥49.2m | −CN¥3.2m | −CN¥958,367 |
| Free cash flow | −CN¥111.5m | −CN¥172.3m | −CN¥237.7m | −CN¥413.3m | −CN¥345.3m | −CN¥217.3m | −CN¥308.3m | −CN¥57.7m | −CN¥47.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | CN¥11.4m | −CN¥4.1m | CN¥6.1m | −CN¥4.1m | CN¥8.5m | −CN¥3.4m |
| Gross profit | — | — | CN¥11.4m | −CN¥4.1m | CN¥4.6m | −CN¥4.1m | CN¥7.5m | −CN¥3.4m |
| Operating income | −CN¥104.2m | −CN¥81.9m | −CN¥65.8m | −CN¥77.3m | −CN¥84.6m | −CN¥120.2m | −CN¥109.4m | −CN¥150.4m |
| Net income | −CN¥148.5m | −CN¥63.2m | −CN¥58.0m | −CN¥94.5m | −CN¥90.6m | −CN¥109.0m | −CN¥134.1m | −CN¥140.4m |
| Diluted earnings per share | -0.11 | -0.05 | -0.04 | -0.09 | -0.08 | -0.11 | -0.13 | -0.14 |
| Cash from operations | — | −CN¥54.0m | −CN¥31.0m | −CN¥60.0m | −CN¥70.0m | −CN¥71.0m | −CN¥62.0m | −CN¥154.0m |
| Capital spending | — | −CN¥14.0m | −CN¥16.0m | −CN¥28.0m | −CN¥28.0m | −CN¥42.0m | −CN¥61.0m | −CN¥52.0m |
| Free cash flow | — | −CN¥68.0m | −CN¥47.0m | −CN¥88.0m | −CN¥98.0m | −CN¥113.0m | −CN¥123.0m | −CN¥206.0m |
| Total assets | CN¥797.0m | CN¥1.06bn | CN¥840.9m | CN¥753.1m | CN¥841.8m | CN¥987.2m | CN¥907.4m | CN¥1.01bn |
| Cash and short-term investments | CN¥263.4m | CN¥445.3m | CN¥166.6m | CN¥106.9m | CN¥194.9m | CN¥273.3m | CN¥318.1m | CN¥422.4m |
| Debt | CN¥138.1m | CN¥394.2m | CN¥475.2m | CN¥482.3m | CN¥479.4m | CN¥461.2m | CN¥400.8m | CN¥357.2m |
| Shareholders' equity | CN¥420.9m | CN¥591.7m | CN¥283.3m | CN¥192.9m | CN¥276.9m | CN¥344.2m | CN¥406.1m | CN¥509.6m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 26.8% | 30.9% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | — | -7992.4% | -17328.0% | -6421.8% | -1147.4% | -1274.7% | -3702.6% |
| Net margin | — | -9138.3% | -17810.3% | -7047.6% | -1081.1% | -960.8% | -5649.3% |
| Return on equity | -20.1% | -96.0% | -82.2% | -55.8% | -42.4% | -12.4% | — |
| Return on assets | -11.3% | -24.6% | -28.7% | -28.2% | -27.7% | -10.9% | — |
| Free cash flow yield | -3.1% | -7.8% | -2.7% | -17.6% | 4.8% | -6.1% | — |
| Revenue growth | — | 48.4% | -66.1% | -84.9% | 108.9% | — | — |
| Earnings growth | -44.8% | -23.8% | -14.4% | -1.4% | 135.1% | -56.0% | — |
| Current ratio | 1.91x | 0.91x | 1.56x | 2.39x | 6.06x | 15.89x | — |
| Debt to equity | 0.66x | 2.24x | 1.34x | 0.56x | 0.30x | 0.06x | — |
| Equity ratio | 55.9% | 25.6% | 34.9% | 50.5% | 65.3% | 87.4% | — |
| Interest coverage | -18.48x | -18.70x | -35.92x | -8.11x | -52.54x | -67.32x | — |
| R&D as a share of sales | — | 4676.9% | 9920.1% | 4473.4% | 746.9% | 810.4% | 3194.8% |
| Buybacks as a share of market value | -27.4% | -5.7% | -2.3% | -0.8% | 1.8% | -15.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -17.5% | -5.2% | — |
| Net income | -25.2% | -3.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -5.5 | -6.1 | -5.5 | -8.5 | -27.6 | -8.3 |
| Price to sales | — | — | — | 388.7 | 92.2 | 265.0 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.