S 
3.32
+9.93%
Close of 9 Nov 2026, in CNY
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
CN¥4.98bn
FY2016FY2025
Net income
−CN¥299.7m
FY2016FY2025
Free cash flow
CN¥186.0m
FY2016FY2025
Shareholders' equity
CN¥1.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.98bn | CN¥6.68bn | CN¥10.01bn | CN¥12.70bn | CN¥12.99bn | CN¥8.79bn | CN¥9.56bn | CN¥8.82bn | CN¥6.32bn | CN¥3.38bn |
| Gross profit | CN¥244.6m | −CN¥66.4m | −CN¥362.1m | CN¥78.0m | CN¥660.4m | CN¥733.1m | CN¥696.2m | CN¥1.27bn | CN¥588.4m | CN¥128.4m |
| Research and development | CN¥21.0m | CN¥28.3m | CN¥55.4m | CN¥117.6m | CN¥111.2m | CN¥86.8m | CN¥50.4m | CN¥62.6m | CN¥1,910 | CN¥1,910 |
| Operating income | −CN¥180.5m | −CN¥333.6m | −CN¥668.7m | −CN¥157.5m | CN¥337.6m | CN¥399.2m | CN¥513.6m | CN¥835.8m | −CN¥63.8m | −CN¥332.6m |
| Net income | −CN¥299.7m | −CN¥335.0m | −CN¥677.7m | −CN¥297.1m | CN¥283.4m | CN¥332.9m | CN¥456.8m | CN¥820.2m | −CN¥281.9m | −CN¥582.0m |
| Diluted earnings per share | -0.27 | -0.33 | -0.69 | -0.35 | 0.28 | 0.38 | 0.46 | 0.80 | -0.24 | -0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.14bn | CN¥4.59bn | CN¥4.97bn | CN¥5.21bn | CN¥5.27bn | CN¥5.57bn | CN¥5.68bn | CN¥5.23bn | CN¥5.47bn | CN¥6.47bn |
| Cash and short-term investments | — | CN¥134.2m | CN¥175.8m | CN¥131.6m | CN¥613.7m | CN¥538.2m | CN¥874.6m | CN¥397.3m | CN¥190.2m | CN¥17.8m |
| Total liabilities | CN¥2.88bn | CN¥3.02bn | CN¥3.12bn | CN¥2.68bn | CN¥2.46bn | CN¥3.02bn | CN¥3.73bn | CN¥3.73bn | CN¥4.74bn | CN¥5.47bn |
| Debt | CN¥471.4m | CN¥775.3m | CN¥1.30bn | CN¥1.39bn | CN¥1.10bn | CN¥698.6m | CN¥1.52bn | CN¥1.69bn | CN¥3.11bn | CN¥3.87bn |
| Shareholders' equity | CN¥1.21bn | CN¥1.51bn | CN¥1.84bn | CN¥2.52bn | CN¥2.81bn | CN¥2.54bn | CN¥1.95bn | CN¥1.49bn | CN¥683.4m | CN¥965.0m |
| Shares outstanding | 1,103m | 1,020m | 982m | 847m | 1,009m | 874m | 985m | 1,030m | 1,160m | 996m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥224.5m | CN¥228.6m | CN¥320.6m | CN¥20.3m | CN¥485.0m | CN¥704.3m | CN¥119.6m | CN¥552.6m | CN¥1.16bn | −CN¥128.4m |
| Capital spending | −CN¥38.6m | −CN¥33.3m | −CN¥61.2m | −CN¥200.3m | −CN¥185.6m | −CN¥22.7m | −CN¥21.1m | −CN¥22.8m | −CN¥3.3m | −CN¥6.2m |
| Free cash flow | CN¥186.0m | CN¥195.3m | CN¥259.3m | −CN¥180.0m | CN¥299.5m | CN¥681.5m | CN¥98.5m | CN¥529.8m | CN¥1.16bn | −CN¥134.6m |
| Dividends paid | −CN¥43.2m | −CN¥42.2m | −CN¥51.3m | −CN¥48.6m | −CN¥64.3m | −CN¥49.4m | −CN¥90.6m | −CN¥36.0m | −CN¥104.3m | −CN¥80.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.34bn | CN¥1.23bn | CN¥1.20bn | CN¥1.40bn | CN¥1.35bn | CN¥1.04bn | CN¥1.52bn | CN¥1.46bn |
| Gross profit | CN¥33.3m | CN¥1.5m | −CN¥30.6m | CN¥6.3m | CN¥19.2m | CN¥2.8m | CN¥2.1m | −CN¥35.8m |
| Operating income | CN¥9.9m | −CN¥16.3m | −CN¥61.1m | −CN¥59.1m | −CN¥6.4m | −CN¥25.4m | −CN¥35.2m | −CN¥82.9m |
| Net income | −CN¥24.2m | −CN¥49.9m | −CN¥143.9m | −CN¥62.8m | −CN¥35.4m | −CN¥57.7m | −CN¥34.2m | −CN¥117.6m |
| Diluted earnings per share | -0.02 | -0.05 | -0.13 | -0.06 | -0.03 | -0.05 | -0.03 | -0.12 |
| Cash from operations | — | — | — | CN¥74.0m | CN¥75.0m | CN¥11.0m | — | CN¥100.0m |
| Capital spending | −CN¥5.0m | −CN¥8.0m | −CN¥13.0m | −CN¥12.0m | −CN¥5.0m | −CN¥6.0m | −CN¥6.0m | −CN¥9.0m |
| Free cash flow | — | — | — | CN¥62.0m | CN¥70.0m | CN¥5.0m | — | CN¥91.0m |
| Total assets | CN¥4.26bn | CN¥4.14bn | CN¥4.14bn | CN¥4.36bn | CN¥4.40bn | CN¥4.57bn | CN¥4.59bn | CN¥4.98bn |
| Cash and short-term investments | — | — | — | CN¥65.6m | CN¥57.2m | CN¥60.5m | CN¥134.2m | CN¥324.3m |
| Debt | CN¥21.4m | CN¥465.4m | CN¥471.4m | CN¥370.8m | CN¥679.2m | CN¥520.8m | CN¥522.3m | CN¥578.1m |
| Shareholders' equity | CN¥1.13bn | CN¥1.16bn | CN¥1.21bn | CN¥1.36bn | CN¥1.42bn | CN¥1.45bn | CN¥1.51bn | CN¥1.55bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 4.9% | -1.0% | -3.6% | 0.6% | 5.1% | 8.3% | — |
| Operating margin | -3.5% | -2.6% | -5.1% | -1.2% | 3.2% | 6.0% | — |
| Net margin | -6.0% | -5.0% | -6.8% | -2.3% | 2.2% | 3.8% | — |
| Return on equity | -24.8% | -22.1% | -36.8% | -11.8% | 10.1% | 13.1% | — |
| Return on assets | -7.2% | -7.3% | -13.6% | -5.7% | 5.4% | 6.0% | — |
| Free cash flow yield | — | 6.2% | 9.1% | — | — | — | -22.0% |
| Revenue growth | -25.3% | -33.3% | -21.2% | -2.3% | 47.8% | -8.1% | — |
| Earnings growth | -10.5% | -50.6% | 128.1% | -204.8% | -14.9% | -27.1% | — |
| Current ratio | 0.18x | 0.27x | 0.33x | 0.44x | 0.85x | 0.88x | — |
| Debt to equity | 0.39x | 0.35x | 0.26x | 0.14x | 0.19x | 0.21x | — |
| Equity ratio | 29.2% | 32.9% | 37.1% | 48.4% | 53.3% | 45.7% | — |
| Interest coverage | -1.44x | -1.16x | -3.32x | -1.11x | 4.38x | 3.78x | — |
| R&D as a share of sales | 0.4% | 0.4% | 0.6% | 0.9% | 0.9% | 1.0% | — |
| Buybacks as a share of market value | -8.1% | -3.9% | -16.0% | 16.0% | -15.4% | 11.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.8% | -10.7% | 7.7% |
| Operating income | 4.6% | — | -5.7% |
| Net income | 0.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.5% | -0.3% | 2.3% | 4.6% |
| Operating margin | -4.4% | -3.9% | -1.1% | 0.0% |
| Net margin | -5.4% | -4.7% | -1.8% | -0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.8 | -6.2 | -3.5 | -7.6 | 13.1 | 6.4 | 5.1 | 3.3 | -13.0 | -9.1 |
| Price to sales | 0.9 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2009.
| FY2009 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.028 | 0.056 | 0.069 | 0.028 |
- 9-for-5 split · 28 Mar 2008
- 1-to-1 reverse split · 1 Nov 2005
- 17-for-10 split · 16 Jul 2004
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.