S 
13.14
-1.94%
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¥1.82bn
FY2016FY2025
Free cash flow
CN¥1.38bn
FY2016FY2025
Shareholders' equity
CN¥5.14bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | CN¥351.9m | CN¥693.8m | CN¥1.22bn | CN¥1.38bn | CN¥649.4m | CN¥379.9m | CN¥220.6m | CN¥200.8m | CN¥200.8m | CN¥200.8m |
| Operating income | −CN¥944.9m | −CN¥6.42bn | CN¥710.7m | CN¥2.49bn | −CN¥237.1m | CN¥944.6m | CN¥665.2m | CN¥421.5m | CN¥75.8m | CN¥51.9m |
| Net income | −CN¥1.82bn | −CN¥5.32bn | CN¥756.8m | CN¥2.33bn | −CN¥125.6m | CN¥805.5m | CN¥585.2m | CN¥345.1m | CN¥61.0m | CN¥19.5m |
| Diluted earnings per share | -0.86 | -2.90 | 0.27 | 1.42 | -0.06 | 0.28 | 1.61 | 0.05 | 0.10 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥35.01bn | CN¥34.52bn | CN¥34.00bn | CN¥24.69bn | CN¥17.90bn | CN¥12.70bn | CN¥8.17bn | CN¥588.4m | CN¥530.9m | CN¥663.5m |
| Cash and short-term investments | — | CN¥1.91bn | CN¥4.62bn | CN¥5.72bn | CN¥2.72bn | CN¥1.26bn | CN¥990.5m | CN¥195.3m | CN¥75.9m | CN¥54.6m |
| Total liabilities | CN¥27.99bn | CN¥29.57bn | CN¥25.32bn | CN¥15.63bn | CN¥12.32bn | CN¥6.87bn | CN¥5.60bn | CN¥100.3m | CN¥64.6m | CN¥258.5m |
| Debt | CN¥4.30bn | CN¥10.68bn | CN¥8.44bn | CN¥4.31bn | CN¥3.73bn | CN¥2.90bn | CN¥1.75bn | CN¥449.2m | — | — |
| Shareholders' equity | CN¥5.14bn | CN¥3.55bn | CN¥8.68bn | CN¥9.06bn | CN¥5.08bn | CN¥5.34bn | CN¥2.08bn | CN¥466.3m | CN¥447.8m | CN¥386.9m |
| Shares outstanding | 2,109m | 1,832m | 2,784m | 1,640m | 2,093m | 2,851m | 364m | 6,499m | 624m | 622m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.33bn | −CN¥4.52bn | CN¥1.59bn | CN¥5.23bn | CN¥458.8m | CN¥270.9m | CN¥1.59bn | CN¥117.2m | −CN¥31.1m | CN¥150.1m |
| Capital spending | −CN¥947.1m | −CN¥1.93bn | −CN¥6.30bn | −CN¥3.98bn | −CN¥895.2m | −CN¥2.60bn | −CN¥2.93bn | −CN¥919,686 | −CN¥4.8m | −CN¥10,379 |
| Free cash flow | CN¥1.38bn | −CN¥6.45bn | −CN¥4.72bn | CN¥1.25bn | −CN¥436.4m | −CN¥2.33bn | −CN¥1.34bn | CN¥116.3m | −CN¥35.9m | CN¥150.1m |
| Dividends paid | −CN¥540.5m | −CN¥609.6m | −CN¥714.9m | −CN¥197.1m | −CN¥142.5m | −CN¥159.5m | −CN¥123.4m | −CN¥104.1m | −CN¥104.1m | −CN¥13.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | CN¥45.3m | CN¥13.6m | −CN¥528.5m | −CN¥212.0m | CN¥23.1m | −CN¥363.9m | −CN¥2.73bn | CN¥1.07bn |
| Net income | −CN¥313.9m | −CN¥439.7m | −CN¥1.29bn | −CN¥294.7m | CN¥62.9m | −CN¥300.4m | −CN¥2.49bn | −CN¥1.09bn |
| Diluted earnings per share | -0.15 | -0.21 | -0.61 | -0.14 | 0.03 | -0.14 | -1.36 | -0.59 |
| Cash from operations | — | — | — | −CN¥90.0m | CN¥1.14bn | CN¥716.0m | −CN¥78.0m | −CN¥1.14bn |
| Capital spending | −CN¥547.0m | −CN¥282.0m | −CN¥174.0m | −CN¥373.0m | −CN¥143.0m | −CN¥256.0m | −CN¥405.0m | −CN¥297.0m |
| Free cash flow | — | — | — | −CN¥463.0m | CN¥995.0m | CN¥460.0m | −CN¥483.0m | −CN¥1.43bn |
| Total assets | CN¥37.08bn | CN¥37.47bn | CN¥35.01bn | CN¥37.17bn | CN¥33.99bn | CN¥34.69bn | CN¥34.52bn | CN¥37.40bn |
| Cash and short-term investments | — | — | — | CN¥4.85bn | CN¥2.14bn | CN¥2.82bn | CN¥1.91bn | CN¥3.55bn |
| Debt | CN¥4.21bn | CN¥4.69bn | CN¥4.30bn | CN¥10.71bn | CN¥9.61bn | CN¥17.73bn | CN¥10.67bn | CN¥12.26bn |
| Shareholders' equity | CN¥4.46bn | CN¥4.74bn | CN¥5.14bn | CN¥6.47bn | CN¥3.24bn | CN¥3.25bn | CN¥3.55bn | CN¥6.11bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -6.1% | -57.6% | 2.6% | 7.1% | -1.5% | 9.8% |
| Net margin | -11.7% | -47.7% | 2.8% | 6.6% | -0.8% | 8.3% |
| Return on equity | -35.5% | -149.7% | 8.7% | 25.7% | -2.5% | 15.1% |
| Return on assets | -5.2% | -15.4% | 2.2% | 9.4% | -0.7% | 6.3% |
| Free cash flow yield | 14.2% | -12.9% | 25.9% | 51.4% | 5.9% | 9.2% |
| Revenue growth | 40.0% | -58.9% | -22.5% | 126.7% | 60.1% | 59.2% |
| Earnings growth | -65.7% | -802.9% | -67.5% | -1957.0% | -115.6% | 37.6% |
| Current ratio | 0.46x | 0.42x | 0.66x | 0.94x | 0.77x | 0.67x |
| Debt to equity | 0.84x | 3.00x | 0.97x | 0.29x | 0.73x | 0.54x |
| Equity ratio | 14.7% | 10.3% | 25.5% | 36.7% | 28.4% | 42.1% |
| Interest coverage | -2.56x | -10.04x | 7.88x | 7.45x | -0.81x | 5.79x |
| R&D as a share of sales | 2.3% | 6.2% | 4.5% | 3.9% | 4.2% | 3.9% |
| Buybacks as a share of market value | -15.1% | 34.2% | -69.7% | 21.6% | 26.6% | -682.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.6% | 10.1% | 64.1% |
| Operating income | — | — | 21.1% |
| Net income | — | — | 32.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -27.5% | -4.7% | -3.0% | -1.9% |
| Net margin | -26.7% | -4.6% | -3.0% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | -3.8 | 64.9 | 19.0 | -278.2 | 40.4 | 3.5 | 60.8 | 55.1 | 174.4 |
| Price to sales | 1.8 | 1.8 | 1.8 | 1.3 | 2.3 | 3.4 | 0.3 | 5.1 | 73.2 | 17.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2023.
| FY2023 | FY2021 | FY2013 | FY2006 | FY2000 | FY1998 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.55 | 0.05 | 0.04 | 0.004 | 0.024 | 0.031 |
- 7-for-5 split · 16 Jun 2023
- 9-for-5 split · 4 Mar 2013
- 1-to-1 reverse split · 29 Nov 2005
- 13-for-10 split · 5 Sept 2000
- 11-for-10 split · 26 Jun 1998
- 1.45-for-1 split · 10 Mar 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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