S 
6.25
+3.14%
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¥8.14bn
FY2016FY2025
Net income
−CN¥539.9m
FY2016FY2025
Free cash flow
−CN¥8.51bn
FY2016FY2025
Shareholders' equity
CN¥15.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.14bn | CN¥11.70bn | CN¥13.28bn | CN¥14.16bn | CN¥12.91bn | CN¥6.63bn | CN¥7.95bn | CN¥8.53bn | CN¥7.57bn | CN¥4.36bn |
| Gross profit | CN¥1.53bn | CN¥2.90bn | CN¥5.41bn | CN¥7.52bn | CN¥5.95bn | CN¥2.14bn | CN¥2.77bn | CN¥3.41bn | CN¥2.52bn | CN¥912.2m |
| Research and development | CN¥2.5m | CN¥3.5m | CN¥2.5m | CN¥11.2m | CN¥23.7m | CN¥13.6m | CN¥13.8m | CN¥11.9m | CN¥10.6m | CN¥9.5m |
| Operating income | −CN¥499.2m | CN¥842.9m | CN¥3.31bn | CN¥5.04bn | CN¥3.07bn | CN¥534.0m | CN¥885.2m | CN¥1.35bn | CN¥995.9m | −CN¥482.9m |
| Net income | −CN¥539.9m | CN¥717.7m | CN¥2.10bn | CN¥3.22bn | CN¥2.36bn | CN¥374.7m | CN¥662.8m | CN¥1.08bn | CN¥781.6m | −CN¥660.0m |
| Diluted earnings per share | -0.37 | 0.49 | 1.41 | 2.17 | 1.59 | 0.33 | 0.58 | 0.95 | 0.68 | -0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥35.97bn | CN¥29.86bn | CN¥30.94bn | CN¥30.34bn | CN¥28.73bn | CN¥26.32bn | CN¥25.56bn | CN¥23.31bn | CN¥23.56bn | CN¥24.10bn |
| Cash and short-term investments | — | CN¥5.95bn | CN¥5.52bn | CN¥5.36bn | CN¥2.70bn | CN¥1.79bn | CN¥2.26bn | CN¥1.33bn | CN¥1.24bn | CN¥1.92bn |
| Total liabilities | CN¥21.36bn | CN¥14.20bn | CN¥14.26bn | CN¥15.04bn | CN¥15.83bn | CN¥15.40bn | CN¥14.70bn | CN¥12.68bn | CN¥13.52bn | CN¥14.68bn |
| Debt | CN¥9.63bn | CN¥5.32bn | CN¥8.11bn | CN¥8.50bn | CN¥9.38bn | CN¥10.13bn | CN¥9.66bn | CN¥8.04bn | CN¥8.99bn | CN¥9.92bn |
| Shareholders' equity | CN¥15.13bn | CN¥15.96bn | CN¥16.64bn | CN¥15.50bn | CN¥13.06bn | CN¥10.71bn | CN¥10.50bn | CN¥10.20bn | CN¥9.39bn | CN¥8.60bn |
| Shares outstanding | 1,473m | 1,476m | 1,485m | 1,485m | 1,486m | 1,143m | 1,142m | 1,142m | 1,142m | 1,142m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥341.8m | CN¥1.90bn | CN¥2.67bn | CN¥5.70bn | CN¥3.29bn | CN¥684.4m | CN¥832.2m | CN¥2.19bn | CN¥1.34bn | CN¥74.7m |
| Capital spending | −CN¥8.17bn | −CN¥484.5m | −CN¥630.8m | −CN¥506.2m | −CN¥790.2m | −CN¥738.1m | −CN¥801.0m | −CN¥1.12bn | −CN¥936.8m | −CN¥831.2m |
| Free cash flow | −CN¥8.51bn | CN¥1.42bn | CN¥2.04bn | CN¥5.19bn | CN¥2.50bn | −CN¥53.7m | CN¥31.2m | CN¥1.08bn | CN¥403.2m | −CN¥756.4m |
| Dividends paid | −CN¥550.9m | −CN¥1.42bn | −CN¥1.49bn | −CN¥856.8m | −CN¥114.2m | −CN¥228.5m | −CN¥342.7m | −CN¥725.3m | −CN¥507.1m | −CN¥578.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.38bn | CN¥2.41bn | CN¥2.26bn | CN¥1.84bn | CN¥1.86bn | CN¥2.19bn | CN¥3.28bn | CN¥2.94bn |
| Gross profit | CN¥769.6m | CN¥573.6m | CN¥340.1m | CN¥389.0m | CN¥229.2m | CN¥534.8m | CN¥416.9m | CN¥782.9m |
| Operating income | CN¥267.7m | CN¥89.1m | −CN¥401.0m | −CN¥38.8m | −CN¥214.8m | CN¥57.4m | −CN¥44.0m | CN¥167.5m |
| Net income | CN¥110.6m | −CN¥27.5m | −CN¥550.4m | −CN¥47.0m | CN¥24.1m | CN¥33.4m | CN¥10.9m | CN¥155.2m |
| Diluted earnings per share | 0.08 | -0.02 | -0.37 | -0.03 | 0.02 | 0.02 | 0.01 | 0.11 |
| Cash from operations | — | — | — | CN¥208.0m | −CN¥48.0m | −CN¥411.0m | — | CN¥1.44bn |
| Capital spending | −CN¥312.0m | −CN¥301.0m | −CN¥660.0m | −CN¥272.0m | −CN¥7.08bn | −CN¥159.0m | −CN¥164.0m | −CN¥112.0m |
| Free cash flow | — | — | — | −CN¥64.0m | −CN¥7.12bn | −CN¥570.0m | — | CN¥1.32bn |
| Total assets | CN¥37.01bn | CN¥36.88bn | CN¥35.97bn | CN¥36.89bn | CN¥36.61bn | CN¥30.73bn | CN¥29.86bn | CN¥31.32bn |
| Cash and short-term investments | — | — | — | CN¥5.44bn | CN¥5.57bn | CN¥6.74bn | CN¥5.95bn | CN¥6.64bn |
| Debt | CN¥10.37bn | CN¥10.18bn | CN¥9.63bn | CN¥6.12bn | CN¥11.80bn | CN¥5.24bn | CN¥5.22bn | CN¥7.57bn |
| Shareholders' equity | CN¥15.26bn | CN¥15.11bn | CN¥15.13bn | CN¥15.81bn | CN¥16.09bn | CN¥16.05bn | CN¥15.96bn | CN¥16.23bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.9% | 24.8% | 40.7% | 53.1% | 46.1% | 32.2% |
| Operating margin | -5.2% | 7.2% | 24.9% | 35.6% | 23.8% | 8.1% |
| Net margin | -6.6% | 6.1% | 15.8% | 22.8% | 18.3% | 5.7% |
| Return on equity | -3.6% | 4.5% | 12.6% | 20.8% | 18.1% | 3.5% |
| Return on assets | -1.5% | 2.4% | 6.8% | 10.6% | 8.2% | 1.4% |
| Free cash flow yield | 77.4% | 23.6% | 32.4% | 60.9% | 40.0% | 18.1% |
| Revenue growth | -30.4% | -11.9% | -6.2% | 9.7% | 94.8% | -16.6% |
| Earnings growth | -175.2% | -65.8% | -34.9% | 36.5% | 530.1% | -43.5% |
| Current ratio | 0.57x | 0.80x | 1.05x | 0.84x | 0.59x | 0.43x |
| Debt to equity | 0.64x | 0.33x | 0.47x | 0.53x | 0.68x | 0.80x |
| Equity ratio | 42.1% | 53.5% | 53.8% | 51.1% | 45.5% | 40.7% |
| Interest coverage | -1.11x | 2.69x | 10.88x | 13.23x | 5.56x | 1.48x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.2% |
| Buybacks as a share of market value | 0.2% | 0.6% | -0.0% | 0.0% | -30.0% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.8% | 4.2% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.4% | 36.7% | 38.1% | 36.3% |
| Operating margin | 1.7% | 18.4% | 18.4% | 15.1% |
| Net margin | 0.9% | 11.6% | 12.3% | 10.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.1 | 17.6 | 7.8 | 4.7 | 4.5 | 13.4 | 8.5 | 5.3 | 10.3 | -10.7 |
| Price to sales | 1.1 | 1.1 | 1.2 | 1.1 | 0.8 | 0.8 | 0.7 | 0.7 | 1.1 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 14 Jul 2025.
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 1.75 | 0.577 | 0.077 | 0.154 | 0.231 | 0.169 | 0.077 |
- 13-for-10 split · 19 Jun 2023
- 7-for-5 split · 28 Apr 2008
- 1-to-1 reverse split · 28 Feb 2006
- 3-for-2 split · 13 Sept 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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