S 
3.38
+7.30%
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¥10.13bn
FY2016FY2025
Net income
−CN¥1.18bn
FY2016FY2025
Free cash flow
−CN¥1.11bn
FY2016FY2025
Shareholders' equity
CN¥5.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.13bn | CN¥14.58bn | CN¥18.59bn | CN¥23.20bn | CN¥18.90bn | CN¥9.59bn | CN¥9.39bn | CN¥10.47bn | CN¥9.58bn | CN¥5.56bn |
| Gross profit | −CN¥472.6m | −CN¥718.9m | CN¥109.2m | CN¥795.1m | CN¥2.23bn | CN¥1.07bn | CN¥857.0m | CN¥1.39bn | CN¥1.09bn | CN¥837.7m |
| Research and development | — | — | — | — | — | CN¥3.0m | CN¥1.4m | CN¥41.2m | CN¥7.9m | CN¥7.9m |
| Operating income | −CN¥742.1m | −CN¥1.40bn | −CN¥509.3m | CN¥445.2m | CN¥2.09bn | CN¥442.3m | CN¥89.4m | CN¥537.1m | CN¥377.6m | CN¥289.3m |
| Net income | −CN¥1.18bn | −CN¥1.16bn | −CN¥512.1m | CN¥281.8m | CN¥1.53bn | CN¥198.2m | CN¥28.8m | CN¥325.3m | CN¥247.6m | CN¥214.1m |
| Diluted earnings per share | -0.58 | -0.61 | -0.24 | 0.14 | 0.73 | 0.24 | 0.05 | 0.21 | 0.16 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥17.86bn | CN¥20.86bn | CN¥20.88bn | CN¥21.35bn | CN¥20.73bn | CN¥16.67bn | CN¥14.74bn | CN¥14.52bn | CN¥14.02bn | CN¥10.65bn |
| Cash and short-term investments | — | CN¥1.45bn | CN¥1.56bn | CN¥2.03bn | CN¥1.83bn | CN¥1.99bn | CN¥1.60bn | CN¥2.71bn | CN¥2.92bn | CN¥1.47bn |
| Total liabilities | CN¥11.14bn | CN¥12.54bn | CN¥11.05bn | CN¥10.35bn | CN¥9.95bn | CN¥9.00bn | CN¥7.36bn | CN¥6.95bn | CN¥6.87bn | CN¥6.23bn |
| Debt | CN¥2.71bn | CN¥4.18bn | CN¥3.01bn | CN¥4.25bn | CN¥3.42bn | CN¥3.07bn | CN¥1.99bn | CN¥1.82bn | CN¥2.43bn | CN¥2.65bn |
| Shareholders' equity | CN¥5.12bn | CN¥6.39bn | CN¥7.62bn | CN¥8.75bn | CN¥8.48bn | CN¥5.75bn | CN¥5.63bn | CN¥5.70bn | CN¥5.39bn | CN¥2.73bn |
| Shares outstanding | 2,031m | 1,913m | 2,095m | 2,060m | 2,079m | 838m | 606m | 1,551m | 1,505m | 1,382m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥534.5m | −CN¥117.2m | CN¥560.9m | CN¥349.0m | CN¥13.3m | −CN¥1.13bn | CN¥480.9m | CN¥471.2m | CN¥677.2m | CN¥699.3m |
| Capital spending | −CN¥574.1m | −CN¥790.9m | −CN¥229.1m | −CN¥219.4m | −CN¥264.7m | −CN¥997.3m | −CN¥1.59bn | −CN¥519.9m | −CN¥331.8m | −CN¥229.9m |
| Free cash flow | −CN¥1.11bn | −CN¥908.1m | CN¥331.8m | CN¥129.7m | −CN¥251.4m | −CN¥2.13bn | −CN¥1.11bn | −CN¥48.8m | CN¥345.5m | CN¥469.4m |
| Dividends paid | −CN¥185.0m | −CN¥215.5m | −CN¥434.1m | −CN¥224.2m | −CN¥81.5m | −CN¥163.0m | −CN¥62.7m | −CN¥128.3m | −CN¥134.8m | −CN¥144.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.71bn | CN¥2.34bn | CN¥2.28bn | CN¥2.62bn | CN¥2.65bn | CN¥2.58bn | CN¥3.16bn | CN¥3.67bn |
| Gross profit | CN¥139.1m | −CN¥252.4m | −CN¥82.0m | −CN¥45.0m | −CN¥78.9m | −CN¥266.7m | −CN¥478.4m | CN¥21.2m |
| Operating income | CN¥70.5m | −CN¥322.3m | −CN¥138.0m | −CN¥369.4m | −CN¥225.1m | −CN¥342.0m | −CN¥605.2m | −CN¥277.4m |
| Net income | −CN¥53.0m | −CN¥313.2m | −CN¥430.6m | −CN¥283.9m | −CN¥200.8m | −CN¥261.6m | −CN¥516.0m | −CN¥196.7m |
| Diluted earnings per share | -0.03 | -0.15 | -0.21 | -0.14 | -0.10 | -0.13 | -0.27 | -0.10 |
| Cash from operations | — | — | — | CN¥24.0m | −CN¥295.0m | CN¥300.0m | — | CN¥273.0m |
| Capital spending | −CN¥112.0m | −CN¥68.0m | −CN¥257.0m | −CN¥126.0m | −CN¥117.0m | −CN¥72.0m | −CN¥325.0m | −CN¥233.0m |
| Free cash flow | — | — | — | −CN¥102.0m | −CN¥412.0m | CN¥228.0m | — | CN¥40.0m |
| Total assets | CN¥17.85bn | CN¥17.97bn | CN¥17.86bn | CN¥19.41bn | CN¥19.72bn | CN¥20.23bn | CN¥20.86bn | CN¥20.71bn |
| Cash and short-term investments | — | — | — | CN¥1.09bn | CN¥1.42bn | CN¥1.60bn | CN¥1.45bn | CN¥1.24bn |
| Debt | CN¥2.64bn | CN¥2.61bn | CN¥2.71bn | CN¥4.22bn | CN¥4.71bn | CN¥4.46bn | CN¥4.16bn | CN¥3.34bn |
| Shareholders' equity | CN¥4.76bn | CN¥4.81bn | CN¥5.12bn | CN¥5.64bn | CN¥5.92bn | CN¥6.13bn | CN¥6.39bn | CN¥6.99bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.1% | 1.1% | 6.9% |
| Operating income | — | — | 1.4% |
| Net income | — | — | 15.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -4.8% | -0.4% | 3.2% | 5.3% |
| Operating margin | -8.7% | -3.3% | 0.3% | 0.7% |
| Net margin | -9.4% | -3.9% | -0.9% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.3 | -5.5 | -18.3 | 33.2 | 8.8 | 17.7 | 67.4 | 15.0 | 37.5 | 36.4 |
| Price to sales | 0.7 | 0.4 | 0.5 | 0.4 | 0.7 | 0.4 | 0.2 | 0.5 | 1.0 | 1.4 |
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 | FY2020 | FY2019 | FY2018 | FY2015 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.044 | 0.088 | 0.034 | 0.015 | 0.049 |
- 13-for-10 split · 9 May 2019
- 3-for-2 split · 22 Jul 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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