S 
3.07
-0.32%
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¥3.56bn
FY2016FY2025
Net income
−CN¥613.9m
FY2016FY2025
Free cash flow
−CN¥37.7m
FY2016FY2025
Shareholders' equity
CN¥2.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.56bn | CN¥4.03bn | CN¥6.02bn | CN¥5.11bn | CN¥4.43bn | CN¥3.66bn | CN¥8.58bn | CN¥9.22bn | CN¥8.71bn | CN¥6.35bn |
| Research and development | CN¥227.3m | CN¥250.6m | CN¥254.5m | CN¥342.8m | CN¥361.9m | CN¥401.3m | CN¥460.3m | CN¥475.2m | CN¥310.8m | CN¥263.5m |
| Operating income | — | −CN¥100.3m | CN¥237.6m | −CN¥255.1m | −CN¥386.2m | −CN¥645.0m | CN¥997.8m | CN¥1.25bn | CN¥1.02bn | CN¥745.2m |
| Net income | −CN¥613.9m | −CN¥126.7m | CN¥35.8m | −CN¥323.3m | −CN¥465.1m | −CN¥561.5m | CN¥608.9m | CN¥810.3m | CN¥658.3m | CN¥474.9m |
| Diluted earnings per share | -0.34 | -0.07 | 0.02 | -0.18 | -0.26 | -0.31 | 0.32 | 0.43 | 0.35 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.20bn | CN¥9.15bn | CN¥9.89bn | CN¥9.86bn | CN¥12.13bn | CN¥12.85bn | CN¥13.20bn | CN¥14.42bn | CN¥14.53bn | CN¥10.06bn |
| Cash and short-term investments | — | CN¥302.8m | CN¥691.5m | CN¥832.2m | CN¥1.08bn | CN¥540.0m | CN¥2.41bn | CN¥3.73bn | CN¥2.48bn | CN¥810.4m |
| Total liabilities | CN¥5.55bn | CN¥5.12bn | CN¥5.62bn | CN¥5.84bn | CN¥7.94bn | CN¥7.76bn | CN¥6.87bn | CN¥8.43bn | CN¥8.03bn | CN¥8.06bn |
| Debt | CN¥851.2m | CN¥2.20bn | CN¥2.20bn | CN¥2.58bn | CN¥2.95bn | CN¥3.92bn | CN¥3.45bn | CN¥4.79bn | CN¥3.73bn | CN¥3.99bn |
| Shareholders' equity | CN¥2.79bn | CN¥3.10bn | CN¥3.32bn | CN¥3.14bn | CN¥3.29bn | CN¥3.93bn | CN¥4.94bn | CN¥4.65bn | CN¥2.21bn | CN¥1.83bn |
| Shares outstanding | 1,787m | 1,788m | 1,800m | 1,788m | 1,788m | 1,841m | 1,883m | 1,896m | 1,896m | 1,268m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.6m | −CN¥58.8m | CN¥333.8m | CN¥73.6m | CN¥85.9m | −CN¥1.09bn | −CN¥252.7m | −CN¥1.04bn | CN¥676.2m | −CN¥393.7m |
| Capital spending | −CN¥43.3m | −CN¥47.7m | −CN¥138.6m | −CN¥110.8m | −CN¥120.1m | −CN¥328.5m | −CN¥399.9m | −CN¥683.6m | −CN¥396.9m | −CN¥8.7m |
| Free cash flow | −CN¥37.7m | −CN¥106.5m | CN¥195.1m | −CN¥37.2m | −CN¥34.2m | −CN¥1.42bn | −CN¥652.6m | −CN¥1.73bn | CN¥279.3m | −CN¥402.4m |
| Dividends paid | −CN¥69.1m | −CN¥104.4m | −CN¥124.3m | −CN¥143.1m | −CN¥174.1m | −CN¥156.4m | −CN¥244.3m | −CN¥125.8m | −CN¥295.1m | −CN¥244.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.13bn | CN¥788.7m | CN¥858.7m | CN¥1.03bn | CN¥1.02bn | CN¥641.1m | CN¥1.19bn | CN¥1.06bn |
| Operating income | −CN¥69.4m | −CN¥106.4m | −CN¥115.3m | CN¥83.6m | −CN¥81.0m | −CN¥182.7m | CN¥6.7m | −CN¥62.4m |
| Net income | −CN¥46.6m | −CN¥30.1m | −CN¥375.0m | −CN¥37.7m | −CN¥105.5m | −CN¥95.7m | −CN¥7.9m | −CN¥45.8m |
| Diluted earnings per share | -0.03 | -0.02 | -0.21 | -0.02 | -0.06 | -0.05 | -0.00 | -0.03 |
| Cash from operations | — | — | — | −CN¥10.0m | −CN¥31.0m | −CN¥10.0m | — | CN¥85.0m |
| Capital spending | −CN¥8.0m | −CN¥6.0m | −CN¥17.0m | −CN¥8.0m | −CN¥9.0m | −CN¥7.0m | — | −CN¥20.0m |
| Free cash flow | — | — | — | −CN¥18.0m | −CN¥40.0m | −CN¥17.0m | — | CN¥65.0m |
| Total assets | CN¥9.06bn | CN¥9.18bn | CN¥9.20bn | CN¥9.60bn | CN¥9.55bn | CN¥9.07bn | CN¥9.15bn | CN¥9.41bn |
| Cash and short-term investments | — | — | — | CN¥203.2m | CN¥287.7m | CN¥271.9m | CN¥302.8m | CN¥435.0m |
| Debt | CN¥1.00bn | CN¥872.7m | CN¥851.2m | CN¥1.47bn | CN¥1.57bn | CN¥1.69bn | CN¥1.77bn | CN¥2.25bn |
| Shareholders' equity | CN¥2.51bn | CN¥2.62bn | CN¥2.79bn | CN¥3.20bn | CN¥3.27bn | CN¥3.11bn | CN¥3.10bn | CN¥3.18bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -20.8% | -1.4% | 4.5% | -1.9% | 2.1% | -8.4% |
| Net margin | -17.3% | -3.1% | 0.6% | -6.3% | -10.5% | -15.3% |
| Return on equity | -22.0% | -4.1% | 1.1% | -10.3% | -14.1% | -14.3% |
| Return on assets | -6.7% | -1.4% | 0.4% | -3.3% | -3.8% | -4.4% |
| Free cash flow yield | 0.8% | -0.2% | 7.9% | 3.1% | 3.5% | -12.5% |
| Revenue growth | -11.7% | -33.2% | 17.9% | 15.3% | 21.0% | -57.3% |
| Earnings growth | 384.5% | -454.0% | -111.1% | -30.5% | -17.2% | -192.2% |
| Current ratio | 1.23x | 1.36x | 1.38x | 1.10x | 1.10x | 1.27x |
| Debt to equity | 0.31x | 0.68x | 0.64x | 0.77x | 0.86x | 0.74x |
| Equity ratio | 30.3% | 33.9% | 33.5% | 31.8% | 27.2% | 30.6% |
| Interest coverage | -9.30x | -0.50x | 1.74x | -0.60x | 0.37x | -1.64x |
| R&D as a share of sales | 6.4% | 6.2% | 4.2% | 6.7% | 8.2% | 11.0% |
| Buybacks as a share of market value | 0.1% | 0.6% | -0.6% | 0.0% | 2.9% | 2.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.4% | -0.6% | -6.1% |
| Net income | 23.8% | 1.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -9.8% | -5.5% | -7.7% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -33.9 | 135.3 | -15.7 | -11.6 | -11.5 | 18.8 | 17.3 | 31.6 | 32.5 |
| Price to sales | 1.3 | 1.1 | 0.8 | 1.0 | 1.2 | 1.8 | 1.3 | 1.5 | 2.4 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jul 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.129 | 0.01 | 0.273 | 0.05 | 0.043 | 0.08 | 0.07 | 0.05 |
- 3-for-2 split · 16 Jun 2009
- 9-for-5 split · 22 May 2008
- 1-to-1 reverse split · 29 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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