S 
1.25
-0.79%
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¥67.25bn
FY2016FY2025
Net income
CN¥105.9m
FY2016FY2025
Free cash flow
CN¥4.05bn
FY2016FY2025
Shareholders' equity
CN¥19.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥67.25bn | CN¥82.09bn | CN¥90.48bn | CN¥102.29bn | CN¥110.85bn | CN¥87.32bn | CN¥71.09bn | CN¥55.91bn | CN¥47.90bn | CN¥50.14bn |
| Gross profit | CN¥6.32bn | CN¥1.14bn | CN¥3.59bn | CN¥5.56bn | CN¥9.35bn | CN¥5.60bn | CN¥4.63bn | CN¥5.83bn | CN¥3.59bn | CN¥1.79bn |
| Research and development | CN¥2.84bn | CN¥1.84bn | CN¥2.09bn | CN¥2.10bn | CN¥2.00bn | CN¥1.29bn | CN¥969.7m | CN¥177.5m | CN¥77.0m | CN¥50.1m |
| Operating income | — | −CN¥2.27bn | CN¥294.0m | CN¥1.45bn | CN¥4.11bn | CN¥2.04bn | CN¥1.09bn | CN¥2.91bn | CN¥2.09bn | −CN¥537.3m |
| Net income | CN¥105.9m | −CN¥2.26bn | −CN¥399.6m | CN¥553.6m | CN¥1.23bn | CN¥722.7m | CN¥579.1m | CN¥2.11bn | CN¥1.92bn | −CN¥599.9m |
| Diluted earnings per share | 0.01 | -0.21 | -0.04 | 0.05 | 0.11 | 0.07 | 0.05 | 0.19 | 0.18 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥81.20bn | CN¥65.31bn | CN¥66.75bn | CN¥69.01bn | CN¥72.55bn | CN¥68.49bn | CN¥69.53bn | CN¥71.91bn | CN¥57.00bn | CN¥54.42bn |
| Cash and short-term investments | — | CN¥4.86bn | CN¥6.14bn | CN¥7.89bn | CN¥9.83bn | CN¥6.83bn | CN¥5.83bn | CN¥9.93bn | CN¥9.38bn | CN¥9.32bn |
| Total liabilities | CN¥52.55bn | CN¥37.24bn | CN¥36.13bn | CN¥37.20bn | CN¥39.95bn | CN¥37.64bn | CN¥39.34bn | CN¥42.78bn | CN¥31.18bn | CN¥31.79bn |
| Debt | CN¥7.70bn | CN¥25.65bn | CN¥9.42bn | CN¥12.99bn | CN¥12.99bn | CN¥14.01bn | CN¥15.05bn | CN¥17.00bn | CN¥11.43bn | CN¥11.60bn |
| Shareholders' equity | CN¥19.01bn | CN¥18.78bn | CN¥21.13bn | CN¥21.84bn | CN¥21.93bn | CN¥21.13bn | CN¥20.75bn | CN¥20.17bn | CN¥18.08bn | CN¥16.02bn |
| Shares outstanding | 10,545m | 10,603m | 10,699m | 10,699m | 10,691m | 10,778m | 10,995m | 10,940m | 10,943m | 8,372m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥4.39bn | CN¥202.5m | −CN¥1.11bn | CN¥5.46bn | CN¥8.46bn | CN¥5.86bn | CN¥4.51bn | CN¥3.97bn | CN¥927.6m | CN¥3.85bn |
| Capital spending | −CN¥344.6m | −CN¥340.6m | −CN¥697.4m | −CN¥1.94bn | −CN¥2.43bn | −CN¥2.15bn | −CN¥5.33bn | −CN¥8.54bn | −CN¥9.82bn | −CN¥6.06bn |
| Free cash flow | CN¥4.05bn | −CN¥138.1m | −CN¥1.80bn | CN¥3.52bn | CN¥6.03bn | CN¥3.70bn | −CN¥812.3m | −CN¥4.56bn | −CN¥8.90bn | −CN¥2.20bn |
| Dividends paid | −CN¥614.8m | −CN¥318.1m | −CN¥745.0m | −CN¥1.06bn | −CN¥820.6m | −CN¥700.6m | −CN¥675.0m | −CN¥837.4m | −CN¥514.9m | −CN¥523.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.08bn | CN¥14.73bn | CN¥16.06bn | CN¥18.02bn | CN¥17.55bn | CN¥19.26bn | CN¥17.76bn | CN¥19.12bn |
| Gross profit | CN¥1.45bn | CN¥1.16bn | CN¥1.59bn | CN¥1.41bn | CN¥1.03bn | CN¥921.4m | CN¥84.3m | CN¥265.2m |
| Operating income | CN¥439.9m | CN¥9.4m | CN¥229.4m | CN¥330.6m | CN¥185.6m | CN¥154.3m | −CN¥1.02bn | −CN¥308.2m |
| Net income | CN¥188.4m | −CN¥218.0m | −CN¥29.9m | CN¥127.3m | CN¥26.9m | −CN¥14.4m | −CN¥806.8m | −CN¥482.8m |
| Diluted earnings per share | 0.02 | -0.02 | -0.00 | 0.01 | 0.00 | -0.00 | -0.08 | -0.05 |
| Cash from operations | — | — | — | CN¥450.0m | CN¥1.30bn | CN¥1.52bn | −CN¥1.36bn | CN¥554.0m |
| Capital spending | −CN¥347.0m | −CN¥338.0m | −CN¥11.0m | −CN¥220.0m | −CN¥59.0m | −CN¥23.0m | −CN¥78.0m | −CN¥47.0m |
| Free cash flow | — | — | — | CN¥230.0m | CN¥1.24bn | CN¥1.50bn | −CN¥1.44bn | CN¥507.0m |
| Total assets | CN¥80.66bn | CN¥81.70bn | CN¥81.20bn | CN¥66.50bn | CN¥65.54bn | CN¥67.79bn | CN¥65.31bn | CN¥66.79bn |
| Cash and short-term investments | — | — | — | CN¥5.80bn | CN¥6.06bn | CN¥5.87bn | CN¥4.86bn | CN¥6.84bn |
| Debt | CN¥8.78bn | CN¥8.34bn | CN¥7.70bn | CN¥20.44bn | CN¥7.91bn | CN¥27.01bn | CN¥25.65bn | CN¥10.75bn |
| Shareholders' equity | CN¥19.00bn | CN¥18.81bn | CN¥19.01bn | CN¥18.87bn | CN¥18.74bn | CN¥18.70bn | CN¥18.78bn | CN¥19.59bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.4% | 1.4% | 4.0% | 5.4% | 8.4% | 6.4% |
| Operating margin | 1.6% | -2.8% | 0.3% | 1.4% | 3.7% | 2.3% |
| Net margin | 0.2% | -2.8% | -0.4% | 0.5% | 1.1% | 0.8% |
| Return on equity | 0.6% | -12.0% | -1.9% | 2.5% | 5.6% | 3.4% |
| Return on assets | 0.1% | -3.5% | -0.6% | 0.8% | 1.7% | 1.1% |
| Free cash flow yield | 34.6% | 3.9% | -2.9% | 53.2% | 78.4% | 57.2% |
| Revenue growth | -18.1% | -9.3% | -11.5% | -7.7% | 27.0% | 22.8% |
| Earnings growth | -104.7% | 465.0% | -172.2% | -54.9% | 70.0% | 24.8% |
| Current ratio | 0.36x | 0.40x | 0.51x | 0.56x | 0.59x | 0.59x |
| Debt to equity | 0.41x | 1.37x | 0.44x | 0.59x | 0.65x | 0.52x |
| Equity ratio | 23.4% | 28.8% | 31.7% | 31.6% | 30.2% | 30.9% |
| Interest coverage | 1.56x | -5.46x | 0.58x | 2.71x | 5.49x | 2.22x |
| R&D as a share of sales | 4.2% | 2.2% | 2.3% | 2.1% | 1.8% | 1.5% |
| Buybacks as a share of market value | 0.5% | 0.9% | 0.0% | -0.1% | 0.8% | 2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.0% | -5.1% | 5.3% |
| Net income | -42.4% | -31.9% | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.0% | 4.9% | 5.8% | 5.9% |
| Net margin | -1.4% | -0.6% | -0.0% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 149.3 | -6.8 | -36.7 | 28.6 | 15.6 | 21.3 | 27.1 | 8.2 | 12.2 | -26.9 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.06 | 0.04 | 0.021 | 0.256 | 0.107 | 0.118 | 0.148 |
- 13-for-10 split · 8 Jun 2017
- 9-for-5 split · 23 Apr 2009
- 6-for-5 split · 28 Jun 2007
- 6-for-5 split · 23 Jun 2006
- 1-to-1 reverse split · 24 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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