S 
2.31
-0.43%
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¥9.85bn
FY2016FY2025
Net income
−CN¥825.3m
FY2016FY2025
Free cash flow
−CN¥115.6m
FY2016FY2025
Shareholders' equity
CN¥3.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.85bn | CN¥10.89bn | CN¥13.62bn | CN¥17.04bn | CN¥18.74bn | CN¥17.95bn | CN¥17.93bn | CN¥21.77bn | CN¥21.40bn | CN¥16.59bn |
| Gross profit | CN¥322.9m | CN¥314.6m | CN¥516.8m | CN¥1.23bn | CN¥2.00bn | CN¥1.48bn | CN¥1.88bn | CN¥2.88bn | CN¥2.76bn | CN¥904.6m |
| Research and development | CN¥147.8m | CN¥245.7m | CN¥245.6m | CN¥218.6m | CN¥227.1m | CN¥184.1m | CN¥134.9m | CN¥116.1m | CN¥89.5m | CN¥53.0m |
| Operating income | −CN¥327.7m | −CN¥762.3m | −CN¥1.45bn | CN¥32.7m | CN¥705.8m | CN¥102.8m | −CN¥627.5m | CN¥306.7m | CN¥232.9m | −CN¥1.06bn |
| Net income | −CN¥825.3m | −CN¥680.7m | −CN¥1.37bn | CN¥70.1m | CN¥431.7m | CN¥128.9m | −CN¥524.2m | CN¥128.8m | CN¥209.5m | −CN¥908.5m |
| Diluted earnings per share | -0.35 | -0.29 | -0.57 | 0.03 | 0.18 | 0.05 | -0.22 | 0.07 | 0.12 | -0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥15.21bn | CN¥19.82bn | CN¥22.52bn | CN¥24.73bn | CN¥24.44bn | CN¥24.22bn | CN¥42.38bn | CN¥41.51bn | CN¥41.90bn | CN¥40.94bn |
| Cash and short-term investments | — | CN¥5.42bn | CN¥7.24bn | CN¥7.60bn | CN¥5.93bn | CN¥4.87bn | CN¥9.75bn | CN¥8.19bn | CN¥9.66bn | CN¥5.56bn |
| Total liabilities | CN¥11.88bn | CN¥16.08bn | CN¥18.03bn | CN¥17.96bn | CN¥17.60bn | CN¥17.87bn | CN¥35.43bn | CN¥33.85bn | CN¥36.22bn | CN¥35.75bn |
| Debt | CN¥1.51bn | CN¥9.15bn | CN¥10.53bn | CN¥12.11bn | CN¥11.90bn | CN¥11.12bn | CN¥25.14bn | CN¥23.46bn | CN¥24.69bn | CN¥22.09bn |
| Shareholders' equity | CN¥3.16bn | CN¥3.97bn | CN¥4.65bn | CN¥6.01bn | CN¥5.97bn | CN¥5.53bn | CN¥5.41bn | CN¥5.93bn | CN¥5.05bn | CN¥3.69bn |
| Shares outstanding | 2,376m | 2,376m | 2,376m | 2,404m | 2,377m | 2,371m | 2,381m | 1,756m | 1,756m | 1,759m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥596.9m | −CN¥110.5m | CN¥1.45bn | CN¥1.72bn | CN¥1.07bn | CN¥2.80bn | CN¥488.5m | CN¥2.17bn | CN¥2.35bn | CN¥84.4m |
| Capital spending | −CN¥712.5m | −CN¥385.2m | −CN¥380.7m | −CN¥289.1m | −CN¥468.3m | −CN¥886.1m | −CN¥1.68bn | −CN¥1.86bn | −CN¥1.77bn | −CN¥453.0m |
| Free cash flow | −CN¥115.6m | −CN¥495.7m | CN¥1.07bn | CN¥1.43bn | CN¥603.7m | CN¥1.91bn | −CN¥1.19bn | CN¥310.6m | CN¥583.4m | −CN¥368.5m |
| Dividends paid | −CN¥208.8m | −CN¥280.8m | −CN¥345.8m | −CN¥459.1m | −CN¥539.8m | −CN¥1.23bn | −CN¥1.40bn | −CN¥1.61bn | −CN¥1.66bn | −CN¥1.50bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.41bn | CN¥2.30bn | CN¥2.33bn | CN¥2.39bn | CN¥2.79bn | CN¥2.34bn | CN¥2.98bn | CN¥2.76bn |
| Gross profit | CN¥90.9m | CN¥76.4m | −CN¥13.1m | CN¥140.1m | CN¥152.7m | CN¥43.1m | −CN¥77.9m | CN¥221.6m |
| Operating income | −CN¥30.6m | −CN¥27.1m | −CN¥133.5m | −CN¥143.5m | −CN¥99.7m | −CN¥151.2m | −CN¥277.2m | −CN¥133.1m |
| Net income | CN¥94.6m | −CN¥48.7m | −CN¥461.5m | −CN¥135.2m | −CN¥88.8m | −CN¥139.8m | −CN¥293.6m | −CN¥100.6m |
| Diluted earnings per share | 0.04 | -0.02 | -0.19 | -0.06 | -0.04 | -0.06 | -0.12 | -0.04 |
| Cash from operations | — | — | — | −CN¥42.0m | −CN¥232.0m | CN¥85.0m | CN¥95.0m | −CN¥18.0m |
| Capital spending | −CN¥154.0m | −CN¥85.0m | −CN¥263.0m | −CN¥155.0m | −CN¥66.0m | −CN¥226.0m | −CN¥177.0m | −CN¥120.0m |
| Free cash flow | — | — | — | −CN¥197.0m | −CN¥298.0m | −CN¥141.0m | −CN¥82.0m | −CN¥138.0m |
| Total assets | CN¥13.87bn | CN¥14.59bn | CN¥15.21bn | CN¥16.28bn | CN¥17.64bn | CN¥18.37bn | CN¥19.82bn | CN¥20.37bn |
| Cash and short-term investments | — | — | — | CN¥2.57bn | CN¥3.90bn | CN¥4.32bn | CN¥5.42bn | CN¥5.16bn |
| Debt | CN¥1.76bn | CN¥1.66bn | CN¥1.51bn | CN¥6.88bn | CN¥7.89bn | CN¥7.89bn | CN¥8.93bn | CN¥8.46bn |
| Shareholders' equity | CN¥3.21bn | CN¥3.11bn | CN¥3.16bn | CN¥3.62bn | CN¥3.76bn | CN¥3.84bn | CN¥3.97bn | CN¥4.27bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.3% | 2.9% | 3.8% | 7.2% | 10.7% | 8.2% |
| Operating margin | -6.5% | -3.9% | -13.4% | 3.1% | 6.9% | 7.2% |
| Net margin | -8.4% | -6.2% | -10.0% | 0.4% | 2.3% | 0.7% |
| Return on equity | -26.2% | -17.1% | -29.4% | 1.2% | 7.2% | 2.3% |
| Return on assets | -5.4% | -3.4% | -6.1% | 0.3% | 1.8% | 0.5% |
| Free cash flow yield | 19.7% | 4.1% | 27.6% | 29.8% | 23.1% | 55.5% |
| Revenue growth | -9.6% | -20.0% | -20.0% | -9.1% | 4.4% | 0.1% |
| Earnings growth | 21.2% | -50.2% | -2048.9% | -83.8% | 234.8% | -124.6% |
| Current ratio | 0.63x | 0.76x | 0.74x | 0.79x | 0.75x | 0.68x |
| Debt to equity | 0.48x | 2.25x | 2.22x | 2.07x | 1.86x | 1.94x |
| Equity ratio | 20.7% | 20.0% | 20.6% | 24.3% | 24.4% | 22.8% |
| Interest coverage | -2.68x | -1.18x | -4.17x | 1.05x | 2.03x | 1.11x |
| R&D as a share of sales | 1.5% | 2.3% | 1.8% | 1.3% | 1.2% | 1.0% |
| Buybacks as a share of market value | -0.0% | 0.0% | 1.2% | -1.1% | -0.2% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.7% | -11.3% | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.1% | 4.6% | 6.7% | 8.8% |
| Operating margin | -5.3% | -4.9% | -1.9% | -1.5% |
| Net margin | -7.3% | -5.5% | -2.5% | -1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.0 | -7.8 | -5.6 | 107.7 | 28.2 | 43.6 | -9.5 | 33.3 | 30.7 | -7.4 |
| Price to sales | 0.7 | 0.5 | 0.6 | 0.4 | 0.7 | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1.197-for-1 split · 9 Jul 2015
- 5-for-2 split · 16 May 2013
- 1.481-for-1 split · 25 May 2007
- 6-for-5 split · 15 Jul 1996
- 6-for-5 split · 3 May 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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