S 
6.67
-0.30%
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.
Net income
−CN¥118.2m
FY2016FY2025
Free cash flow
CN¥1.7m
FY2016FY2025
Shareholders' equity
CN¥1.55bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥286.6m | CN¥1.77bn | CN¥1.69bn | CN¥1.87bn | CN¥1.94bn | CN¥2.02bn | CN¥2.38bn | CN¥2.87bn | CN¥2.58bn | CN¥123.6m |
| Research and development | CN¥91.8m | CN¥20.6m | CN¥338.6m | CN¥281.8m | CN¥256.5m | CN¥193.6m | CN¥164.1m | CN¥198.4m | CN¥207.3m | CN¥26.9m |
| Operating income | CN¥2.5m | −CN¥1.83bn | −CN¥2.29bn | −CN¥1.49bn | −CN¥216.7m | −CN¥332.7m | −CN¥281.3m | CN¥396.7m | CN¥380.5m | CN¥23.2m |
| Net income | −CN¥118.2m | −CN¥2.20bn | −CN¥2.77bn | −CN¥1.62bn | −CN¥246.0m | −CN¥230.0m | −CN¥158.4m | CN¥190.7m | CN¥219.3m | CN¥6.3m |
| Diluted earnings per share | -0.28 | -4.47 | -5.58 | -3.28 | -0.37 | -0.33 | -0.20 | 0.23 | 0.10 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.70bn | CN¥3.78bn | CN¥19.51bn | CN¥20.07bn | CN¥17.00bn | CN¥16.01bn | CN¥16.36bn | CN¥15.73bn | CN¥1.60bn | CN¥1.60bn |
| Cash and short-term investments | — | CN¥283.4m | CN¥1.05bn | CN¥1.20bn | CN¥1.41bn | CN¥1.15bn | CN¥1.08bn | CN¥802.9m | CN¥216.0m | CN¥265.6m |
| Total liabilities | CN¥2.15bn | CN¥2.10bn | CN¥16.07bn | CN¥16.57bn | CN¥12.14bn | CN¥10.70bn | CN¥10.86bn | CN¥10.06bn | CN¥442.9m | CN¥398.8m |
| Debt | CN¥25.0m | CN¥340.6m | CN¥4.63bn | CN¥7.83bn | CN¥4.47bn | CN¥3.27bn | CN¥3.38bn | CN¥3.58bn | CN¥70.0m | CN¥70.0m |
| Shareholders' equity | CN¥1.55bn | CN¥1.67bn | CN¥717.2m | CN¥3.49bn | CN¥4.85bn | CN¥5.31bn | CN¥5.50bn | CN¥5.67bn | CN¥1.16bn | CN¥1.20bn |
| Shares outstanding | 430m | 492m | 496m | 493m | 670m | 699m | 799m | 823m | 2,277m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥17.8m | CN¥241.5m | −CN¥885.2m | −CN¥59.2m | CN¥672.8m | CN¥146.8m | CN¥598.8m | CN¥566.4m | −CN¥15.9m | −CN¥24.7m |
| Capital spending | −CN¥16.1m | −CN¥280.6m | −CN¥757.1m | −CN¥836.8m | −CN¥378.4m | −CN¥526.0m | −CN¥606.6m | −CN¥456.1m | −CN¥23.0m | −CN¥6.8m |
| Free cash flow | CN¥1.7m | −CN¥39.2m | −CN¥1.64bn | −CN¥896.0m | CN¥294.3m | −CN¥379.2m | −CN¥7.8m | CN¥110.3m | −CN¥38.9m | −CN¥31.5m |
| Dividends paid | −CN¥12.0m | −CN¥196.4m | −CN¥209.8m | −CN¥128.9m | −CN¥126.5m | −CN¥168.4m | −CN¥147.9m | −CN¥128.6m | −CN¥3.3m | −CN¥15.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | CN¥47.2m | CN¥36.1m | CN¥125.6m | CN¥48.0m | CN¥82.0m | CN¥31.0m | CN¥497.9m | CN¥370.6m |
| Operating income | −CN¥18.5m | −CN¥16.1m | CN¥23.8m | −CN¥18.7m | CN¥8.3m | −CN¥23.9m | −CN¥872.7m | −CN¥809.8m |
| Net income | −CN¥30.3m | −CN¥35.3m | −CN¥91.3m | −CN¥8.6m | CN¥6.0m | −CN¥24.4m | −CN¥1.12bn | −CN¥791.7m |
| Diluted earnings per share | -0.07 | -0.08 | -0.21 | -0.02 | 0.01 | -0.06 | -2.28 | -1.61 |
| Cash from operations | — | — | — | CN¥26.0m | −CN¥77.0m | CN¥35.0m | — | −CN¥299.0m |
| Capital spending | −CN¥2.0m | −CN¥8.0m | −CN¥5.0m | −CN¥4.0m | −CN¥4.0m | −CN¥2.0m | −CN¥120.0m | −CN¥45.0m |
| Free cash flow | — | — | — | CN¥22.0m | −CN¥81.0m | CN¥33.0m | — | −CN¥344.0m |
| Total assets | CN¥3.87bn | CN¥3.89bn | CN¥3.70bn | CN¥3.67bn | CN¥3.76bn | CN¥3.92bn | CN¥3.78bn | CN¥17.26bn |
| Cash and short-term investments | — | — | — | CN¥266.4m | CN¥268.2m | CN¥377.1m | CN¥283.4m | CN¥1.45bn |
| Debt | — | — | CN¥25.0m | CN¥438.4m | CN¥362.0m | CN¥377.5m | CN¥339.9m | CN¥705.7m |
| Shareholders' equity | CN¥1.50bn | CN¥1.52bn | CN¥1.55bn | CN¥1.64bn | CN¥1.66bn | CN¥1.66bn | CN¥1.67bn | −CN¥570.5m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.1% | 18.4% | 14.5% | 17.9% | 19.7% | 20.6% |
| Operating margin | -4.9% | -19.1% | -19.7% | -14.3% | -2.0% | -1.5% |
| Net margin | -7.5% | -22.9% | -23.9% | -15.5% | -2.5% | -2.3% |
| Return on equity | -7.6% | -131.5% | -386.0% | -46.3% | -5.1% | -4.3% |
| Return on assets | -3.2% | -58.3% | -14.2% | -8.1% | -1.4% | -1.4% |
| Free cash flow yield | 1.1% | 15.3% | -3.7% | 22.7% | 22.6% | 13.9% |
| Revenue growth | -83.5% | -17.2% | 11.3% | 5.8% | 0.4% | -7.2% |
| Earnings growth | -94.6% | -20.5% | 71.1% | 557.8% | 6.9% | 45.2% |
| Current ratio | 1.31x | 1.31x | 1.14x | 0.72x | 0.78x | 1.28x |
| Debt to equity | 0.02x | 0.20x | 2.21x | 1.46x | 0.12x | 0.55x |
| Equity ratio | 41.9% | 44.3% | 3.7% | 17.4% | 28.6% | 33.2% |
| Interest coverage | -5.74x | -5.23x | -6.08x | -7.01x | -1.11x | -0.84x |
| R&D as a share of sales | 5.8% | 0.2% | 2.9% | 2.7% | 2.6% | 2.0% |
| Buybacks as a share of market value | 12.6% | 0.8% | -0.6% | 26.4% | 4.2% | 12.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.7% | -30.6% | 8.7% |
| Operating income | — | — | -22.2% |
| Net income | -58.2% | -12.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.4% | 16.9% | 18.1% | 20.4% |
| Operating margin | -16.4% | -16.9% | -11.6% | -6.5% |
| Net margin | -20.7% | -20.2% | -13.6% | -7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.2 | -2.7 | -1.3 | -1.9 | -21.8 | -15.0 | -33.5 | 35.6 | 152.1 | 52.8 |
| Price to sales | 2.3 | 0.6 | 0.3 | 0.3 | 0.5 | 0.3 | 0.5 | 0.6 | 3.1 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jul 2005.
| FY2005 | FY2002 | |
|---|---|---|
| Paid in the year | 0.017 | 0.025 |
- 1.183-for-1 split · 2 Nov 2006
- 6-for-5 split · 3 Dec 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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