S 
2.98
+1.02%
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¥64.15bn
FY2016FY2025
Net income
−CN¥1.43bn
FY2016FY2025
Free cash flow
−CN¥1.08bn
FY2016FY2025
Shareholders' equity
CN¥22.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥64.15bn | CN¥87.13bn | CN¥93.01bn | CN¥82.52bn | CN¥89.28bn | CN¥74.71bn | CN¥100.35bn | CN¥107.76bn | CN¥92.01bn | CN¥77.89bn |
| Research and development | CN¥170.9m | CN¥174.0m | CN¥187.0m | CN¥130.5m | CN¥94.3m | CN¥110.6m | CN¥93.0m | CN¥37.3m | CN¥36.7m | CN¥102.1m |
| Operating income | −CN¥1.83bn | CN¥466.3m | −CN¥1.68bn | −CN¥3.53bn | CN¥2.73bn | CN¥636.7m | CN¥2.70bn | CN¥6.77bn | CN¥7.88bn | CN¥7.66bn |
| Net income | −CN¥1.43bn | CN¥316.5m | −CN¥1.41bn | −CN¥2.87bn | CN¥2.00bn | CN¥628.1m | CN¥2.21bn | CN¥5.28bn | CN¥6.14bn | CN¥5.96bn |
| Diluted earnings per share | -0.14 | 0.03 | -0.13 | -0.27 | 0.18 | 0.06 | 0.26 | 0.49 | 0.56 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥39.88bn | CN¥41.77bn | CN¥39.66bn | CN¥41.14bn | CN¥46.92bn | CN¥44.62bn | CN¥45.49bn | CN¥44.39bn | CN¥39.44bn | CN¥33.95bn |
| Cash and short-term investments | CN¥7.53bn | CN¥12.10bn | CN¥5.61bn | CN¥4.58bn | CN¥13.55bn | CN¥12.17bn | CN¥13.82bn | CN¥14.64bn | CN¥9.50bn | CN¥5.44bn |
| Total liabilities | CN¥16.36bn | CN¥16.62bn | CN¥14.72bn | CN¥14.78bn | CN¥16.54bn | CN¥15.28bn | CN¥15.50bn | CN¥13.92bn | CN¥10.93bn | CN¥8.94bn |
| Debt | CN¥10.12bn | CN¥1.57bn | CN¥3.00bn | CN¥2.27bn | CN¥2.26bn | CN¥4.58bn | CN¥1.57bn | CN¥497.2m | CN¥606.2m | CN¥546.4m |
| Shareholders' equity | CN¥22.72bn | CN¥25.04bn | CN¥24.41bn | CN¥26.23bn | CN¥30.24bn | CN¥29.20bn | CN¥29.86bn | CN¥30.35bn | CN¥28.23bn | CN¥24.72bn |
| Shares outstanding | 10,543m | 10,675m | 10,786m | 10,799m | 10,824m | 10,640m | 8,459m | 10,855m | 10,920m | 10,799m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.09bn | CN¥7.74bn | CN¥807.0m | −CN¥7.46bn | CN¥3.95bn | CN¥1.68bn | CN¥5.06bn | CN¥6.66bn | CN¥7.06bn | CN¥7.18bn |
| Capital spending | −CN¥3.17bn | −CN¥1.91bn | −CN¥1.62bn | −CN¥2.84bn | −CN¥3.22bn | −CN¥1.84bn | −CN¥1.43bn | −CN¥1.19bn | −CN¥1.20bn | −CN¥901.5m |
| Free cash flow | −CN¥1.08bn | CN¥5.83bn | −CN¥808.4m | −CN¥10.30bn | CN¥726.0m | −CN¥161.1m | CN¥3.63bn | CN¥5.47bn | CN¥5.86bn | CN¥6.28bn |
| Dividends paid | −CN¥210.9m | −CN¥97.8m | −CN¥145.6m | −CN¥1.08bn | −CN¥1.08bn | −CN¥1.30bn | −CN¥2.71bn | −CN¥3.28bn | −CN¥2.70bn | −CN¥1.08bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥21.33bn | CN¥17.66bn | CN¥16.68bn | CN¥19.36bn | CN¥20.00bn | CN¥19.52bn | CN¥21.14bn | CN¥22.46bn |
| Operating income | CN¥279.0m | CN¥566.2m | −CN¥1.06bn | −CN¥46.6m | −CN¥481.1m | −CN¥92.3m | CN¥373.2m | CN¥39.9m |
| Net income | −CN¥114.7m | CN¥415.2m | −CN¥1.00bn | CN¥30.6m | −CN¥372.3m | −CN¥89.8m | CN¥282.0m | CN¥6.6m |
| Diluted earnings per share | -0.01 | 0.04 | -0.09 | 0.00 | -0.04 | -0.01 | 0.03 | 0.00 |
| Cash from operations | — | — | −CN¥675.0m | CN¥1.90bn | −CN¥1.01bn | CN¥1.79bn | — | CN¥10.10bn |
| Capital spending | −CN¥630.0m | −CN¥900.0m | −CN¥1.76bn | −CN¥601.0m | −CN¥398.0m | −CN¥404.0m | −CN¥669.0m | −CN¥461.0m |
| Free cash flow | — | — | −CN¥2.44bn | CN¥1.29bn | −CN¥1.41bn | CN¥1.39bn | — | CN¥9.64bn |
| Total assets | CN¥42.92bn | CN¥42.26bn | CN¥39.88bn | CN¥41.86bn | CN¥41.97bn | CN¥41.24bn | CN¥41.77bn | CN¥45.19bn |
| Cash and short-term investments | — | — | CN¥7.53bn | CN¥9.69bn | CN¥8.43bn | CN¥12.04bn | CN¥12.10bn | CN¥15.48bn |
| Debt | CN¥3.43bn | CN¥2.82bn | CN¥10.12bn | CN¥10.64bn | CN¥10.17bn | CN¥195.4m | CN¥1.57bn | CN¥14.07bn |
| Shareholders' equity | CN¥23.42bn | CN¥23.54bn | CN¥22.72bn | CN¥24.27bn | CN¥24.31bn | CN¥24.92bn | CN¥25.04bn | CN¥24.73bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -2.9% | 0.5% | -1.8% | -4.3% | 3.1% | 0.9% |
| Net margin | -2.2% | 0.4% | -1.5% | -3.5% | 2.2% | 0.8% |
| Return on equity | -6.3% | 1.3% | -5.8% | -11.0% | 6.6% | 2.2% |
| Return on assets | -3.6% | 0.8% | -3.5% | -7.0% | 4.3% | 1.4% |
| Free cash flow yield | 17.9% | 32.5% | 8.1% | -15.4% | 23.8% | 11.9% |
| Revenue growth | -26.4% | -6.3% | 12.7% | -7.6% | 19.5% | -25.6% |
| Earnings growth | -552.6% | -122.5% | -51.0% | -243.6% | 218.5% | -71.6% |
| Current ratio | 0.96x | 1.27x | 1.06x | 1.13x | 1.33x | 1.14x |
| Debt to equity | 0.45x | 0.06x | 0.15x | 0.09x | 0.07x | 0.16x |
| Equity ratio | 57.0% | 59.9% | 61.6% | 63.8% | 64.5% | 65.4% |
| Interest coverage | -68.03x | 3.72x | -11.15x | -35.80x | 27.23x | 6.81x |
| R&D as a share of sales | 0.3% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% |
| Buybacks as a share of market value | 1.2% | 1.0% | 0.1% | 0.2% | -1.7% | -25.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.1% | -3.0% | -2.3% |
| Operating income | -19.6% | — | — |
| Net income | -20.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.9% | -2.0% | -0.7% | 2.7% |
| Net margin | -0.7% | -1.7% | -0.6% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.4 | 101.9 | -21.9 | -11.7 | 22.6 | 58.3 | 14.8 | 10.3 | 11.3 | 11.7 |
| Price to sales | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 | 0.3 | 0.5 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 24 Jul 2025.
| FY2025 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.10 | 0.10 | 0.12 | 0.25 | 0.30 | 0.25 | 0.10 |
- 1-to-1 reverse split · 20 Aug 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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