S 
9.88
-1.50%
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¥2.42bn
FY2016FY2025
Net income
−CN¥168.4m
FY2016FY2025
Free cash flow
CN¥307.1m
FY2016FY2025
Shareholders' equity
CN¥3.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.42bn | CN¥4.69bn | CN¥6.22bn | CN¥6.48bn | CN¥6.65bn | CN¥5.64bn | CN¥4.88bn | CN¥4.89bn | CN¥4.23bn | CN¥3.67bn |
| Research and development | CN¥484.1m | CN¥533.5m | CN¥581.4m | CN¥636.4m | CN¥592.5m | CN¥598.8m | CN¥677.1m | CN¥621.0m | CN¥503.8m | CN¥437.7m |
| Operating income | −CN¥57.9m | −CN¥167.9m | CN¥283.2m | CN¥240.5m | CN¥357.5m | CN¥366.8m | CN¥262.9m | −CN¥91.2m | CN¥248.1m | CN¥311.4m |
| Net income | −CN¥168.4m | −CN¥202.4m | CN¥369.3m | CN¥269.2m | CN¥249.4m | CN¥355.7m | CN¥239.4m | −CN¥116.4m | CN¥132.0m | CN¥235.1m |
| Diluted earnings per share | -0.18 | -0.22 | 0.39 | 0.28 | 0.27 | 0.41 | 0.28 | -0.14 | 0.16 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.46bn | CN¥5.78bn | CN¥6.73bn | CN¥6.67bn | CN¥6.58bn | CN¥5.13bn | CN¥4.51bn | CN¥3.84bn | CN¥4.55bn | CN¥3.17bn |
| Cash and short-term investments | — | CN¥2.46bn | CN¥2.43bn | CN¥2.02bn | CN¥2.21bn | CN¥1.38bn | CN¥1.29bn | CN¥774.4m | CN¥1.56bn | CN¥604.9m |
| Total liabilities | CN¥1.74bn | CN¥1.99bn | CN¥2.70bn | CN¥2.78bn | CN¥2.85bn | CN¥2.67bn | CN¥2.41bn | CN¥2.02bn | CN¥2.27bn | CN¥1.47bn |
| Debt | CN¥5.0m | CN¥777.9m | CN¥1.33bn | CN¥937.3m | CN¥879.7m | CN¥852.4m | CN¥894.9m | CN¥657.6m | CN¥988.6m | CN¥160.0m |
| Shareholders' equity | CN¥3.59bn | CN¥3.65bn | CN¥3.90bn | CN¥3.72bn | CN¥3.53bn | CN¥2.29bn | CN¥1.92bn | CN¥1.63bn | CN¥1.89bn | CN¥1.47bn |
| Shares outstanding | 939m | 934m | 945m | 959m | 941m | 860m | 852m | 852m | 833m | 836m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥322.8m | CN¥770.4m | CN¥207.6m | CN¥230.2m | −CN¥164.0m | CN¥230.9m | CN¥50.0m | CN¥319.4m | CN¥107.4m | CN¥20.9m |
| Capital spending | −CN¥15.7m | −CN¥9.8m | −CN¥29.3m | −CN¥18.3m | −CN¥33.7m | −CN¥64.1m | −CN¥77.3m | −CN¥116.6m | −CN¥136.5m | −CN¥84.6m |
| Free cash flow | CN¥307.1m | CN¥760.6m | CN¥178.3m | CN¥211.9m | −CN¥197.7m | CN¥166.8m | −CN¥27.3m | CN¥202.7m | −CN¥29.1m | −CN¥63.7m |
| Dividends paid | −CN¥4.2m | −CN¥81.4m | −CN¥27.0m | −CN¥25.1m | −CN¥71.5m | −CN¥24.1m | −CN¥39.3m | −CN¥85.6m | −CN¥92.6m | −CN¥83.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥667.8m | CN¥462.3m | CN¥647.8m | CN¥563.3m | CN¥686.5m | CN¥521.2m | CN¥1.21bn | CN¥1.13bn |
| Operating income | CN¥80.8m | −CN¥54.2m | CN¥380,825 | −CN¥23.7m | CN¥63.9m | −CN¥95.7m | −CN¥30.9m | −CN¥39.9m |
| Net income | CN¥61.6m | −CN¥49.0m | −CN¥111.8m | −CN¥17.7m | CN¥56.4m | −CN¥95.2m | −CN¥87.0m | −CN¥34.6m |
| Diluted earnings per share | 0.07 | -0.05 | -0.12 | -0.02 | 0.06 | -0.10 | -0.09 | -0.04 |
| Cash from operations | — | — | — | CN¥17.0m | −CN¥23.0m | −CN¥20.0m | — | CN¥234.0m |
| Capital spending | −CN¥3.0m | −CN¥3.0m | −CN¥4.0m | −CN¥1.0m | −CN¥7.0m | −CN¥1.0m | −CN¥2.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥16.0m | −CN¥30.0m | −CN¥21.0m | — | CN¥233.0m |
| Total assets | CN¥5.91bn | CN¥5.33bn | CN¥5.46bn | CN¥5.35bn | CN¥5.28bn | CN¥5.49bn | CN¥5.78bn | CN¥5.87bn |
| Cash and short-term investments | — | — | — | CN¥2.01bn | CN¥2.00bn | CN¥2.20bn | CN¥2.46bn | CN¥1.92bn |
| Debt | CN¥5.0m | CN¥5.0m | CN¥5.0m | CN¥593.5m | CN¥496.5m | CN¥661.4m | CN¥762.6m | CN¥921.4m |
| Shareholders' equity | CN¥3.59bn | CN¥3.54bn | CN¥3.59bn | CN¥3.68bn | CN¥3.69bn | CN¥3.55bn | CN¥3.65bn | CN¥3.73bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -2.4% | -3.6% | 4.6% | 3.7% | 5.4% | 6.5% |
| Net margin | -7.0% | -4.3% | 5.9% | 4.2% | 3.8% | 6.3% |
| Return on equity | -4.7% | -5.5% | 9.5% | 7.2% | 7.1% | 15.5% |
| Return on assets | -3.1% | -3.5% | 5.5% | 4.0% | 3.8% | 6.9% |
| Free cash flow yield | 3.5% | 8.0% | 2.4% | 2.5% | -1.3% | 3.3% |
| Revenue growth | -48.5% | -24.6% | -4.0% | -2.5% | 17.8% | 15.8% |
| Earnings growth | -16.8% | -154.8% | 37.2% | 8.0% | -29.9% | 48.6% |
| Current ratio | 2.23x | 2.25x | 1.94x | 1.81x | 1.88x | 1.75x |
| Debt to equity | 0.00x | 0.21x | 0.34x | 0.24x | 0.18x | 0.37x |
| Equity ratio | 65.7% | 63.1% | 58.0% | 55.8% | 53.6% | 44.6% |
| Interest coverage | -5.01x | -6.51x | 7.84x | 4.65x | 6.34x | 4.40x |
| R&D as a share of sales | 20.0% | 11.4% | 9.3% | 9.8% | 8.9% | 10.6% |
| Buybacks as a share of market value | -0.5% | 1.2% | 1.5% | -2.0% | -9.4% | -1.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.0% | -15.6% | -0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.2% | 1.5% | 3.2% | 3.9% |
| Net margin | -5.2% | 1.4% | 2.7% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -88.8 | -79.6 | 29.6 | 36.7 | 54.0 | 39.2 | 73.2 | -69.6 | 95.5 | 89.4 |
| Price to sales | 6.2 | 3.4 | 1.8 | 1.5 | 2.0 | 2.5 | 3.6 | 1.7 | 3.0 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.029 | 0.027 | 0.076 | 0.028 | 0.031 | 0.085 | 0.057 |
- 19-for-10 split · 23 Sept 2011
- 2-for-1 split · 24 Aug 2006
- 1-to-1 reverse split · 7 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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