S 
3.92
0.00%
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¥7.57bn
FY2016FY2025
Net income
−CN¥1.12bn
FY2016FY2025
Free cash flow
CN¥1.44bn
FY2016FY2025
Shareholders' equity
CN¥3.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.57bn | CN¥13.04bn | CN¥23.15bn | CN¥14.48bn | CN¥3.83bn | CN¥2.07bn | CN¥2.53bn | CN¥2.51bn | CN¥1.72bn | CN¥2.01bn |
| Research and development | CN¥242.3m | CN¥260.7m | CN¥416.1m | CN¥402.6m | CN¥166.1m | CN¥86.5m | CN¥103.0m | CN¥84.9m | CN¥84.5m | CN¥91.8m |
| Operating income | −CN¥537.6m | −CN¥2.09bn | CN¥1.87bn | CN¥1.23bn | CN¥375.4m | CN¥143.1m | CN¥221.6m | CN¥289.1m | CN¥90.5m | CN¥198.9m |
| Net income | −CN¥1.12bn | −CN¥2.13bn | CN¥1.50bn | CN¥956.0m | CN¥310.1m | CN¥137.4m | CN¥206.8m | CN¥251.8m | CN¥96.0m | CN¥161.4m |
| Diluted earnings per share | -0.60 | -1.06 | 0.80 | 0.51 | 0.19 | 0.08 | 0.13 | 0.15 | 0.06 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥24.39bn | CN¥27.73bn | CN¥30.09bn | CN¥21.94bn | CN¥8.99bn | CN¥4.11bn | CN¥3.86bn | CN¥3.89bn | CN¥3.85bn | CN¥4.44bn |
| Cash and short-term investments | — | CN¥6.17bn | CN¥8.53bn | CN¥4.81bn | CN¥1.92bn | CN¥1.23bn | CN¥1.07bn | CN¥1.12bn | CN¥1.36bn | CN¥1.62bn |
| Total liabilities | CN¥20.74bn | CN¥22.95bn | CN¥23.00bn | CN¥15.03bn | CN¥6.53bn | CN¥1.90bn | CN¥1.56bn | CN¥1.61bn | CN¥1.77bn | CN¥2.26bn |
| Debt | CN¥3.56bn | CN¥10.17bn | CN¥9.94bn | CN¥4.26bn | CN¥1.49bn | CN¥381.2m | CN¥370.4m | CN¥428.5m | CN¥721.4m | CN¥1.17bn |
| Shareholders' equity | CN¥3.66bn | CN¥4.77bn | CN¥7.08bn | CN¥6.83bn | CN¥2.41bn | CN¥2.20bn | CN¥2.28bn | CN¥2.25bn | CN¥2.06bn | CN¥2.12bn |
| Shares outstanding | 1,869m | 2,019m | 1,881m | 1,861m | 1,622m | 1,633m | 1,638m | 1,637m | 1,631m | 1,628m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.02bn | −CN¥1.0m | CN¥1.33bn | −CN¥3.43bn | CN¥91.8m | CN¥334.2m | CN¥274.8m | CN¥297.8m | CN¥429.4m | CN¥233.4m |
| Capital spending | −CN¥584.4m | −CN¥256.4m | −CN¥3.59bn | −CN¥665.5m | −CN¥864.3m | −CN¥21.9m | −CN¥35.2m | −CN¥45.6m | −CN¥47.4m | −CN¥67.5m |
| Free cash flow | CN¥1.44bn | −CN¥257.4m | −CN¥2.26bn | −CN¥4.10bn | −CN¥772.5m | CN¥312.3m | CN¥239.6m | CN¥252.2m | CN¥382.1m | CN¥165.9m |
| Dividends paid | −CN¥295.6m | −CN¥443.9m | −CN¥1.12bn | −CN¥105.0m | −CN¥30.9m | −CN¥195.0m | −CN¥196.5m | −CN¥99.0m | −CN¥193.1m | −CN¥243.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.75bn | CN¥1.32bn | CN¥1.49bn | CN¥1.69bn | CN¥2.31bn | CN¥2.08bn | CN¥2.69bn | CN¥3.37bn |
| Operating income | −CN¥282.3m | −CN¥274.0m | −CN¥396.3m | CN¥112.3m | −CN¥439.2m | −CN¥193.9m | −CN¥1.34bn | CN¥727.3m |
| Net income | −CN¥371.3m | −CN¥394.5m | −CN¥572.1m | CN¥53.2m | −CN¥435.5m | −CN¥161.3m | −CN¥794.2m | −CN¥82.1m |
| Diluted earnings per share | -0.20 | -0.21 | -0.31 | 0.03 | -0.23 | -0.09 | -0.39 | -0.04 |
| Cash from operations | — | — | — | CN¥1.06bn | CN¥334.0m | CN¥358.0m | — | CN¥220.0m |
| Capital spending | −CN¥180.0m | −CN¥75.0m | −CN¥428.0m | −CN¥37.0m | −CN¥91.0m | −CN¥26.0m | −CN¥59.0m | −CN¥23.0m |
| Free cash flow | — | — | — | CN¥1.02bn | CN¥243.0m | CN¥332.0m | — | CN¥197.0m |
| Total assets | CN¥21.33bn | CN¥22.95bn | CN¥24.39bn | CN¥25.50bn | CN¥26.65bn | CN¥27.51bn | CN¥27.73bn | CN¥31.10bn |
| Cash and short-term investments | — | — | — | CN¥4.43bn | CN¥5.72bn | CN¥6.19bn | CN¥6.17bn | CN¥7.65bn |
| Debt | CN¥2.34bn | CN¥2.45bn | CN¥3.56bn | CN¥11.04bn | CN¥10.88bn | CN¥10.91bn | CN¥10.15bn | CN¥12.19bn |
| Shareholders' equity | CN¥4.07bn | CN¥4.44bn | CN¥3.66bn | CN¥4.31bn | CN¥4.17bn | CN¥4.61bn | CN¥4.77bn | CN¥5.52bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -7.1% | -16.1% | 8.1% | 8.5% | 9.8% | 6.9% |
| Net margin | -14.7% | -16.4% | 6.5% | 6.6% | 8.1% | 6.6% |
| Return on equity | -30.5% | -44.7% | 21.2% | 14.0% | 12.9% | 6.3% |
| Return on assets | -4.6% | -7.7% | 5.0% | 4.4% | 3.4% | 3.3% |
| Free cash flow yield | 34.6% | 3.1% | 64.9% | -36.9% | 14.6% | 5.4% |
| Revenue growth | -42.0% | -43.7% | 59.9% | 278.0% | 84.9% | -18.0% |
| Earnings growth | -47.7% | -242.1% | 57.1% | 208.3% | 125.7% | -33.5% |
| Current ratio | 0.56x | 0.64x | 0.82x | 0.86x | 0.87x | 1.69x |
| Debt to equity | 0.97x | 2.13x | 1.40x | 0.45x | 0.54x | 0.17x |
| Equity ratio | 15.0% | 17.2% | 23.5% | 31.1% | 26.8% | 53.5% |
| Interest coverage | -1.18x | -3.66x | 5.06x | 6.03x | 9.93x | 7.31x |
| R&D as a share of sales | 3.2% | 2.0% | 1.8% | 2.8% | 4.3% | 4.2% |
| Buybacks as a share of market value | 7.4% | -7.3% | -1.1% | -14.7% | 0.6% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.5% | 29.6% | 9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.8% | 0.8% | 1.5% | 2.8% |
| Net margin | -15.8% | -1.4% | -0.5% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -5.2 | 10.6 | 25.2 | 52.6 | 46.2 | 26.3 | 21.6 | 68.2 | 75.9 |
| Price to sales | 1.6 | 0.8 | 0.7 | 1.7 | 4.3 | 3.1 | 2.1 | 2.2 | 3.8 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jun 2024.
| FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.50 | 0.02 | 0.12 | 0.12 | 0.05 | 0.08 | 0.10 |
- 6-for-5 split · 21 Apr 2010
- 2-for-1 split · 27 Aug 2007
- 1-to-1 reverse split · 12 Jan 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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