S 
3.18
-1.85%
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¥2.54bn
FY2016FY2025
Net income
−CN¥2.11bn
FY2016FY2025
Free cash flow
CN¥298.2m
FY2016FY2025
Shareholders' equity
CN¥3.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.54bn | CN¥2.73bn | CN¥3.23bn | CN¥3.89bn | CN¥4.72bn | CN¥4.00bn | CN¥3.25bn | CN¥2.23bn | CN¥1.83bn | CN¥1.38bn |
| Research and development | CN¥66.1m | CN¥65.1m | CN¥95.7m | CN¥98.6m | CN¥117.6m | CN¥114.5m | CN¥95.4m | CN¥85.3m | CN¥59.4m | CN¥53.0m |
| Operating income | −CN¥2.05bn | −CN¥1.15bn | −CN¥756.8m | −CN¥19.3m | CN¥440.8m | CN¥660.0m | CN¥568.9m | CN¥167.0m | CN¥46.9m | −CN¥24.1m |
| Net income | −CN¥2.11bn | −CN¥988.4m | −CN¥744.8m | −CN¥44.6m | CN¥374.6m | CN¥553.3m | CN¥505.5m | CN¥153.3m | CN¥22.8m | CN¥82.2m |
| Diluted earnings per share | -1.68 | -0.79 | -0.59 | -0.04 | 0.30 | 0.44 | 0.47 | 0.14 | 0.02 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.39bn | CN¥16.98bn | CN¥17.57bn | CN¥17.99bn | CN¥17.60bn | CN¥15.14bn | CN¥10.36bn | CN¥7.95bn | CN¥6.54bn | CN¥5.53bn |
| Cash and short-term investments | — | CN¥1.33bn | CN¥1.03bn | CN¥1.24bn | CN¥1.68bn | CN¥2.37bn | CN¥742.7m | CN¥565.8m | CN¥232.9m | CN¥415.1m |
| Total liabilities | CN¥11.27bn | CN¥12.70bn | CN¥12.31bn | CN¥11.98bn | CN¥11.50bn | CN¥9.32bn | CN¥6.56bn | CN¥4.56bn | CN¥3.31bn | CN¥2.34bn |
| Debt | CN¥3.33bn | CN¥5.73bn | CN¥10.36bn | CN¥8.57bn | CN¥6.99bn | CN¥4.53bn | CN¥2.52bn | CN¥1.46bn | CN¥655.2m | CN¥404.5m |
| Shareholders' equity | CN¥3.07bn | CN¥4.28bn | CN¥5.26bn | CN¥6.01bn | CN¥6.10bn | CN¥5.81bn | CN¥3.80bn | CN¥3.38bn | CN¥3.22bn | CN¥3.19bn |
| Shares outstanding | 1,257m | 1,258m | 1,257m | 1,253m | 1,258m | 1,257m | 1,076m | 1,075m | 1,073m | 1,075m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥542.5m | CN¥402.2m | CN¥412.5m | CN¥264.6m | CN¥24.0m | CN¥153.3m | CN¥672.8m | CN¥310.6m | CN¥44.9m | −CN¥44.6m |
| Capital spending | −CN¥244.2m | −CN¥653.2m | −CN¥1.15bn | −CN¥1.66bn | −CN¥2.29bn | −CN¥1.90bn | −CN¥705.1m | −CN¥430.7m | −CN¥424.9m | −CN¥68.2m |
| Free cash flow | CN¥298.2m | −CN¥251.0m | −CN¥741.9m | −CN¥1.40bn | −CN¥2.27bn | −CN¥1.74bn | −CN¥32.3m | −CN¥120.1m | −CN¥380.0m | −CN¥112.8m |
| Dividends paid | −CN¥280.4m | −CN¥359.6m | −CN¥321.5m | −CN¥309.6m | −CN¥297.2m | −CN¥113.7m | −CN¥72.4m | −CN¥35.8m | −CN¥22.4m | −CN¥26.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥649.0m | CN¥448.9m | CN¥764.8m | CN¥649.3m | CN¥687.7m | CN¥434.0m | CN¥744.4m | CN¥663.9m |
| Operating income | −CN¥120.8m | −CN¥195.5m | −CN¥931.1m | −CN¥579.8m | −CN¥252.7m | −CN¥291.3m | −CN¥417.0m | −CN¥237.0m |
| Net income | −CN¥220.5m | −CN¥279.1m | −CN¥1.17bn | −CN¥492.6m | −CN¥205.5m | −CN¥241.9m | −CN¥360.6m | −CN¥206.7m |
| Diluted earnings per share | -0.18 | -0.22 | -0.93 | -0.39 | -0.16 | -0.19 | -0.29 | -0.16 |
| Cash from operations | — | — | — | CN¥129.0m | CN¥54.0m | CN¥55.0m | CN¥379.0m | — |
| Capital spending | — | −CN¥47.0m | −CN¥54.0m | −CN¥67.0m | −CN¥45.0m | −CN¥76.0m | −CN¥127.0m | −CN¥198.0m |
| Free cash flow | — | — | — | CN¥62.0m | CN¥9.0m | −CN¥21.0m | CN¥252.0m | — |
| Total assets | CN¥13.44bn | CN¥13.49bn | CN¥14.39bn | CN¥15.56bn | CN¥16.61bn | CN¥15.97bn | CN¥16.98bn | CN¥17.81bn |
| Cash and short-term investments | — | — | — | CN¥799.4m | CN¥1.40bn | CN¥747.6m | CN¥1.33bn | CN¥1.45bn |
| Debt | CN¥2.30bn | CN¥3.37bn | CN¥3.33bn | CN¥2.88bn | CN¥4.78bn | CN¥5.12bn | CN¥5.58bn | CN¥5.47bn |
| Shareholders' equity | CN¥2.56bn | CN¥2.79bn | CN¥3.07bn | CN¥4.33bn | CN¥4.83bn | CN¥4.04bn | CN¥4.28bn | CN¥4.64bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -81.9% | -26.2% | -11.2% | 10.6% | 16.9% | 23.1% |
| Net margin | -83.1% | -36.3% | -23.1% | -1.1% | 7.9% | 13.8% |
| Return on equity | -68.6% | -23.1% | -14.2% | -0.7% | 6.1% | 9.5% |
| Return on assets | -14.6% | -5.8% | -4.2% | -0.2% | 2.1% | 3.7% |
| Free cash flow yield | 18.6% | 25.0% | 37.1% | 45.8% | 54.8% | 48.5% |
| Revenue growth | -7.0% | -15.5% | -17.0% | -17.7% | 18.1% | 23.1% |
| Earnings growth | 113.2% | 32.7% | 1570.9% | -111.9% | -32.3% | 9.5% |
| Current ratio | 1.23x | 1.11x | 1.00x | 1.28x | 1.06x | 1.25x |
| Debt to equity | 1.08x | 1.31x | 1.64x | 1.06x | 0.91x | 0.55x |
| Equity ratio | 21.4% | 25.2% | 29.9% | 33.4% | 34.6% | 38.4% |
| Interest coverage | -7.13x | -1.64x | -0.86x | 0.93x | 2.24x | 3.50x |
| R&D as a share of sales | 2.6% | 2.4% | 3.0% | 2.5% | 2.5% | 2.9% |
| Buybacks as a share of market value | 0.1% | -0.1% | -0.3% | 0.4% | -0.1% | -16.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.3% | -8.7% | 13.7% |
| Operating income | 374.3% | — | — |
| Net income | 261.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -60.8% | -32.1% | -13.6% | -6.9% |
| Net margin | -58.8% | -31.4% | -14.0% | -7.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -4.1 | -6.3 | -153.5 | 28.9 | 21.6 | 16.9 | 27.4 | 178.4 | 67.7 |
| Price to sales | 2.0 | 1.5 | 1.5 | 1.8 | 2.3 | 3.0 | 2.6 | 1.9 | 2.2 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2022.
| FY2022 | FY2021 | FY2005 | |
|---|---|---|---|
| Paid in the year | 0.05 | 0.077 | 0.086 |
- 13-for-10 split · 23 Jun 2022
- 13-for-10 split · 22 Jun 2018
- 1-to-1 reverse split · 1 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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