S 
3.20
+3.90%
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¥1.44bn
FY2016FY2025
Net income
−CN¥88.3m
FY2016FY2025
Free cash flow
−CN¥185.5m
FY2016FY2025
Shareholders' equity
CN¥5.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.44bn | CN¥3.76bn | CN¥3.30bn | CN¥6.05bn | CN¥5.70bn | CN¥4.98bn | CN¥4.93bn | CN¥4.14bn | CN¥4.31bn | CN¥5.41bn |
| Gross profit | CN¥529.2m | CN¥1.10bn | CN¥991.0m | CN¥1.93bn | CN¥2.13bn | CN¥2.15bn | CN¥2.55bn | CN¥2.14bn | CN¥2.27bn | CN¥2.22bn |
| Operating income | CN¥101.7m | CN¥266.8m | CN¥225.8m | CN¥402.0m | CN¥828.7m | CN¥1.39bn | CN¥1.68bn | CN¥995.4m | CN¥1.33bn | CN¥1.09bn |
| Net income | −CN¥88.3m | CN¥61.8m | CN¥69.5m | CN¥243.4m | CN¥187.7m | CN¥281.6m | CN¥454.8m | CN¥508.9m | CN¥833.2m | CN¥690.3m |
| Diluted earnings per share | -0.03 | 0.02 | 0.02 | 0.07 | 0.06 | 0.08 | 0.13 | 0.14 | 0.27 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.16bn | CN¥16.81bn | CN¥20.15bn | CN¥24.37bn | CN¥29.64bn | CN¥25.62bn | CN¥23.24bn | CN¥21.79bn | CN¥18.38bn | CN¥15.98bn |
| Cash and short-term investments | — | CN¥1.12bn | CN¥1.57bn | CN¥3.25bn | CN¥3.56bn | CN¥3.70bn | CN¥3.74bn | CN¥2.63bn | CN¥5.08bn | CN¥2.77bn |
| Total liabilities | CN¥10.74bn | CN¥11.09bn | CN¥13.83bn | CN¥17.61bn | CN¥22.04bn | CN¥19.95bn | CN¥17.57bn | CN¥16.38bn | CN¥10.29bn | CN¥10.69bn |
| Debt | CN¥1.73bn | CN¥2.86bn | CN¥2.11bn | CN¥6.42bn | CN¥7.35bn | CN¥5.79bn | CN¥5.74bn | CN¥7.18bn | CN¥2.98bn | CN¥2.57bn |
| Shareholders' equity | CN¥5.75bn | CN¥5.90bn | CN¥6.32bn | CN¥6.64bn | CN¥7.29bn | CN¥5.32bn | CN¥5.33bn | CN¥5.16bn | CN¥7.66bn | CN¥4.89bn |
| Shares outstanding | 3,250m | 3,270m | 3,268m | 3,268m | 3,346m | 3,381m | 3,404m | 3,571m | 3,070m | 3,062m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥154.3m | CN¥290.0m | CN¥1.06bn | CN¥341.2m | CN¥490.9m | CN¥597.3m | CN¥3.28bn | −CN¥2.94bn | CN¥444.3m | CN¥1.94bn |
| Capital spending | −CN¥31.1m | −CN¥88.0m | −CN¥43.5m | −CN¥68.9m | −CN¥210.3m | −CN¥114.2m | −CN¥82.1m | −CN¥98.3m | −CN¥57.8m | −CN¥111.3m |
| Free cash flow | −CN¥185.5m | CN¥202.0m | CN¥1.02bn | CN¥272.2m | CN¥280.6m | CN¥483.2m | CN¥3.20bn | −CN¥3.04bn | CN¥386.5m | CN¥1.83bn |
| Dividends paid | −CN¥187.0m | −CN¥488.0m | −CN¥481.0m | −CN¥897.8m | −CN¥639.3m | −CN¥683.5m | −CN¥757.5m | −CN¥852.2m | −CN¥654.0m | −CN¥461.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥467.4m | CN¥241.6m | CN¥297.3m | CN¥410.6m | CN¥382.3m | CN¥353.8m | CN¥533.7m | CN¥1.31bn |
| Gross profit | CN¥160.5m | CN¥100.0m | CN¥136.9m | CN¥154.6m | CN¥150.2m | CN¥87.5m | CN¥307.6m | CN¥416.3m |
| Operating income | CN¥58.0m | CN¥13.0m | −CN¥15.8m | −CN¥104.0m | CN¥2.5m | −CN¥22.0m | −CN¥49.1m | CN¥67.8m |
| Net income | CN¥5.3m | −CN¥22.0m | −CN¥36.1m | −CN¥32.4m | CN¥2.8m | −CN¥22.7m | −CN¥6.4m | CN¥26.2m |
| Diluted earnings per share | 0.00 | -0.01 | -0.01 | -0.01 | 0.00 | -0.01 | -0.00 | 0.01 |
| Cash from operations | — | — | — | −CN¥20.0m | CN¥12.0m | −CN¥23.0m | CN¥124.0m | CN¥74.0m |
| Capital spending | −CN¥2.0m | −CN¥2.0m | — | −CN¥8.0m | −CN¥16.0m | −CN¥14.0m | −CN¥15.0m | −CN¥15.0m |
| Free cash flow | — | — | — | −CN¥28.0m | −CN¥4.0m | −CN¥37.0m | CN¥109.0m | CN¥59.0m |
| Total assets | CN¥16.22bn | CN¥16.36bn | CN¥16.16bn | CN¥16.28bn | CN¥16.55bn | CN¥16.67bn | CN¥16.81bn | CN¥17.40bn |
| Cash and short-term investments | — | — | — | CN¥768.6m | CN¥795.5m | CN¥1.01bn | CN¥1.12bn | CN¥1.21bn |
| Debt | CN¥1.59bn | CN¥1.69bn | CN¥1.73bn | CN¥1.26bn | CN¥2.50bn | CN¥2.48bn | CN¥2.55bn | CN¥2.25bn |
| Shareholders' equity | CN¥5.73bn | CN¥5.73bn | CN¥5.75bn | CN¥5.78bn | CN¥5.85bn | CN¥5.87bn | CN¥5.90bn | CN¥5.91bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.6% | 29.2% | 30.0% | 31.9% | 37.3% | 43.1% |
| Operating margin | 4.3% | 7.1% | 14.9% | 13.2% | 14.7% | 18.8% |
| Net margin | -6.1% | 1.6% | 2.1% | 4.0% | 3.3% | 5.7% |
| Return on equity | -1.5% | 1.0% | 1.1% | 3.7% | 2.6% | 5.3% |
| Return on assets | -0.5% | 0.4% | 0.3% | 1.0% | 0.6% | 1.1% |
| Free cash flow yield | -1.0% | 2.9% | 8.6% | 3.2% | 5.3% | 5.3% |
| Revenue growth | -61.6% | 14.0% | -45.5% | 6.1% | 14.5% | 1.1% |
| Earnings growth | -242.9% | -11.1% | -71.5% | 29.7% | -33.4% | -38.1% |
| Current ratio | 1.26x | 1.29x | 1.24x | 1.35x | 1.27x | 1.22x |
| Debt to equity | 0.30x | 0.43x | 0.53x | 0.85x | 0.91x | 1.09x |
| Equity ratio | 35.6% | 35.1% | 31.4% | 27.3% | 24.6% | 20.7% |
| Interest coverage | 0.30x | 1.01x | 1.73x | 1.97x | 1.77x | 2.55x |
| Buybacks as a share of market value | 0.6% | -0.0% | 0.0% | 2.3% | 1.0% | 0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.0% | -21.9% | -10.2% |
| Operating income | -36.7% | -40.7% | -16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.2% | 31.2% | 34.9% | 41.0% |
| Operating margin | 7.1% | 6.8% | 12.7% | 18.4% |
| Net margin | -0.5% | 2.0% | 3.0% | 7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -68.1 | 101.6 | 81.8 | 25.1 | 37.4 | 23.2 | 17.1 | 15.3 | 12.4 | 17.6 |
| Price to sales | 4.2 | 1.7 | 1.7 | 1.0 | 1.2 | 1.3 | 1.6 | 1.9 | 2.4 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 28 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.011 | 0.16 | 0.12 | 0.13 | 0.03 | 0.067 | 0.075 |
- 3-for-2 split · 27 Jun 2016
- 1.45-for-1 split · 29 Oct 2008
- 1.098-for-1 split · 27 Oct 2006
- 2-for-1 split · 24 Mar 2005
- 11-for-10 split · 4 Jun 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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