S 
4.56
+3.17%
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¥640.1m
FY2016FY2025
Net income
−CN¥197.5m
FY2016FY2025
Free cash flow
−CN¥53.8m
FY2016FY2025
Shareholders' equity
CN¥438.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥640.1m | CN¥645.3m | CN¥679.7m | CN¥789.0m | CN¥1.04bn | CN¥940.3m | CN¥1.40bn | CN¥1.01bn | CN¥735.7m | CN¥671.2m |
| Research and development | CN¥31.6m | CN¥31.3m | CN¥35.1m | CN¥40.0m | CN¥49.0m | CN¥51.0m | CN¥53.3m | CN¥41.4m | CN¥33.1m | CN¥29.4m |
| Operating income | −CN¥43.4m | −CN¥131.7m | −CN¥1.8m | CN¥3.4m | −CN¥61.2m | −CN¥26.7m | CN¥54.6m | CN¥63.0m | CN¥53.1m | CN¥45.6m |
| Net income | −CN¥197.5m | −CN¥133.2m | −CN¥21.9m | −CN¥6.2m | −CN¥105.4m | −CN¥59.7m | CN¥55.5m | CN¥42.8m | CN¥42.5m | CN¥38.2m |
| Diluted earnings per share | -0.32 | -0.20 | -0.03 | -0.01 | -0.15 | -0.09 | 0.08 | 0.06 | 0.06 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.35bn | CN¥1.42bn | CN¥1.80bn | CN¥1.86bn | CN¥1.92bn | CN¥2.09bn | CN¥2.23bn | CN¥2.75bn | CN¥2.40bn | CN¥2.30bn |
| Cash and short-term investments | — | CN¥92.7m | CN¥305.5m | CN¥309.2m | CN¥309.8m | CN¥306.8m | CN¥296.5m | CN¥357.2m | CN¥269.6m | CN¥383.6m |
| Total liabilities | CN¥880.3m | CN¥746.6m | CN¥951.8m | CN¥866.7m | CN¥916.9m | CN¥971.2m | CN¥1.02bn | CN¥1.54bn | CN¥1.21bn | CN¥1.15bn |
| Debt | — | CN¥330.5m | CN¥516.7m | CN¥516.0m | CN¥504.9m | CN¥413.0m | CN¥387.0m | CN¥412.9m | CN¥395.9m | CN¥538.7m |
| Shareholders' equity | CN¥438.1m | CN¥637.4m | CN¥804.8m | CN¥882.4m | CN¥916.3m | CN¥1.04bn | CN¥1.13bn | CN¥1.14bn | CN¥1.12bn | CN¥1.09bn |
| Shares outstanding | 616m | 677m | 679m | 704m | 682m | 687m | 686m | 683m | 688m | 673m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥41.1m | −CN¥14.4m | CN¥7.0m | CN¥28.1m | CN¥45.6m | CN¥59.0m | CN¥18.6m | CN¥126.5m | CN¥96.5m | −CN¥26.0m |
| Capital spending | −CN¥12.7m | −CN¥4.7m | −CN¥7.5m | −CN¥20.9m | −CN¥26.9m | −CN¥19.6m | −CN¥13.2m | −CN¥15.8m | −CN¥24.6m | −CN¥47.4m |
| Free cash flow | −CN¥53.8m | −CN¥19.2m | −CN¥474,278 | CN¥7.2m | CN¥18.7m | CN¥39.4m | CN¥5.5m | CN¥110.6m | CN¥71.9m | −CN¥73.4m |
| Dividends paid | −CN¥12.3m | −CN¥13.9m | −CN¥18.0m | −CN¥19.4m | −CN¥22.3m | −CN¥18.5m | −CN¥17.1m | −CN¥37.1m | −CN¥40.1m | −CN¥38.9m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥149.1m | CN¥147.4m | CN¥166.4m | CN¥165.4m | CN¥160.9m | CN¥168.6m | CN¥157.4m | CN¥163.8m |
| Operating income | −CN¥6.2m | −CN¥32.9m | −CN¥10.6m | CN¥3.2m | −CN¥6.1m | −CN¥97.8m | −CN¥14.5m | −CN¥7.2m |
| Net income | −CN¥10.9m | −CN¥179.5m | −CN¥10.9m | CN¥1.0m | −CN¥8.1m | −CN¥101.0m | −CN¥16.4m | −CN¥4.7m |
| Diluted earnings per share | -0.02 | -0.29 | -0.02 | 0.00 | -0.01 | -0.15 | -0.02 | -0.01 |
| Cash from operations | — | — | −CN¥22.0m | CN¥12.0m | −CN¥12.0m | — | CN¥4.0m | −CN¥6.0m |
| Capital spending | — | −CN¥8.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | — | −CN¥1.0m | — |
| Free cash flow | — | — | −CN¥23.0m | CN¥11.0m | −CN¥13.0m | — | CN¥3.0m | — |
| Total assets | CN¥1.29bn | CN¥1.35bn | CN¥1.53bn | CN¥1.51bn | CN¥1.48bn | CN¥1.42bn | CN¥1.57bn | CN¥1.58bn |
| Cash and short-term investments | — | — | CN¥229.9m | CN¥208.9m | CN¥156.9m | CN¥92.7m | CN¥126.2m | CN¥116.4m |
| Debt | — | — | CN¥503.5m | CN¥439.5m | CN¥400.3m | CN¥314.6m | CN¥369.0m | CN¥360.9m |
| Shareholders' equity | CN¥425.0m | CN¥438.1m | CN¥622.1m | CN¥635.9m | CN¥631.3m | CN¥637.4m | CN¥772.5m | CN¥782.2m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -28.5% | -18.2% | 2.4% | 2.9% | -4.5% | -2.4% | — |
| Net margin | -30.9% | -20.6% | -3.2% | -0.8% | -10.1% | -6.3% | — |
| Return on equity | -45.1% | -20.9% | -2.7% | -0.7% | -11.5% | -5.7% | — |
| Return on assets | -14.6% | -9.4% | -1.2% | -0.3% | -5.5% | -2.9% | — |
| Free cash flow yield | -1.1% | -0.3% | 0.5% | 1.7% | 2.6% | 2.8% | — |
| Revenue growth | -0.8% | -5.1% | -13.9% | -24.2% | 10.7% | -32.8% | — |
| Earnings growth | 48.3% | 509.4% | 252.5% | -94.1% | 76.7% | -207.5% | — |
| Current ratio | 0.94x | 1.23x | 1.36x | 1.86x | 1.55x | 1.51x | — |
| Debt to equity | — | 0.49x | 0.60x | 0.56x | 0.52x | 0.40x | 0.34x |
| Equity ratio | 32.4% | 44.8% | 44.8% | 47.4% | 47.8% | 49.8% | — |
| Interest coverage | -13.18x | -7.45x | 0.79x | 1.05x | -2.36x | -1.23x | — |
| R&D as a share of sales | 4.9% | 4.8% | 5.2% | 5.1% | 4.7% | 5.4% | — |
| Buybacks as a share of market value | 8.9% | 0.4% | 3.5% | -3.2% | 0.7% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.7% | -7.4% | -1.1% |
| Operating income | — | 10.2% | — |
| Net income | 217.0% | 27.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.6% | -6.3% | -5.5% | 0.1% |
| Net margin | -25.7% | -13.0% | -11.1% | -3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.5 | -33.4 | -177.4 | -649.2 | -44.8 | -90.1 | 119.7 | 96.6 | 107.7 | 151.7 |
| Price to sales | 5.1 | 6.9 | 5.7 | 5.1 | 4.5 | 5.7 | 4.8 | 4.1 | 6.2 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Aug 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.027 | 0.025 | 0.025 | 0.025 | 0.023 | 0.018 | 0.025 | 0.021 |
- 13-for-10 split · 19 Jul 2016
- 13-for-10 split · 23 Jul 2015
- 1.31-for-1 split · 17 May 2006
- 13-for-10 split · 12 Jul 2000
- 6-for-5 split · 5 Jul 1999
- 7-for-5 split · 16 Jun 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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