S 
47.05
-2.18%
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¥6.81bn
FY2016FY2025
Net income
CN¥15.9m
FY2016FY2025
Free cash flow
−CN¥1.46bn
FY2016FY2025
Shareholders' equity
CN¥4.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.81bn | CN¥5.55bn | CN¥5.63bn | CN¥8.32bn | CN¥7.06bn | CN¥4.48bn | CN¥4.64bn | CN¥5.33bn | CN¥4.77bn | CN¥3.79bn |
| Gross profit | CN¥939.5m | CN¥287.8m | CN¥354.2m | CN¥1.45bn | CN¥2.22bn | CN¥743.1m | CN¥776.6m | CN¥577.5m | CN¥479.4m | CN¥411.5m |
| Research and development | CN¥271.0m | CN¥238.3m | CN¥192.1m | CN¥269.4m | CN¥318.7m | CN¥164.3m | CN¥159.0m | CN¥37.5m | CN¥8.1m | CN¥188.7m |
| Operating income | CN¥29.4m | −CN¥147.2m | −CN¥74.9m | CN¥994.4m | CN¥1.49bn | CN¥317.1m | CN¥370.8m | CN¥255.7m | CN¥266.1m | CN¥242.8m |
| Net income | CN¥15.9m | CN¥16.4m | CN¥18.7m | CN¥890.6m | CN¥1.18bn | CN¥259.8m | CN¥308.5m | CN¥205.4m | CN¥186.4m | CN¥170.5m |
| Diluted earnings per share | 0.07 | 0.08 | 0.09 | 4.39 | 5.81 | 1.27 | 1.50 | 1.02 | 0.93 | 0.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.37bn | CN¥9.65bn | CN¥7.28bn | CN¥6.41bn | CN¥4.69bn | CN¥3.28bn | CN¥3.24bn | CN¥2.77bn | CN¥2.64bn | CN¥2.20bn |
| Cash and short-term investments | — | CN¥304.9m | CN¥646.8m | CN¥1.28bn | CN¥1.03bn | CN¥728.4m | CN¥581.5m | CN¥329.2m | CN¥193.8m | CN¥84.5m |
| Total liabilities | CN¥6.07bn | CN¥5.33bn | CN¥2.89bn | CN¥1.95bn | CN¥1.11bn | CN¥989.6m | CN¥1.25bn | CN¥1.07bn | CN¥971.3m | CN¥605.7m |
| Debt | CN¥670.5m | CN¥2.59bn | CN¥942.8m | CN¥351.8m | CN¥116.4m | CN¥283.5m | CN¥861.9m | CN¥456.1m | CN¥565.4m | CN¥224.9m |
| Shareholders' equity | CN¥4.91bn | CN¥3.90bn | CN¥3.89bn | CN¥3.94bn | CN¥3.10bn | CN¥2.06bn | CN¥1.81bn | CN¥1.62bn | CN¥1.57bn | CN¥1.51bn |
| Shares outstanding | 233m | 203m | 203m | 203m | 203m | 204m | 206m | 201m | 201m | 199m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.29bn | −CN¥447.6m | −CN¥432.4m | CN¥847.8m | CN¥959.6m | CN¥793.4m | −CN¥119.5m | CN¥421.6m | CN¥81.1m | CN¥148.0m |
| Capital spending | −CN¥168.7m | −CN¥556.3m | −CN¥817.3m | −CN¥720.2m | −CN¥424.3m | −CN¥186.5m | −CN¥83.5m | −CN¥55.1m | −CN¥21.3m | −CN¥58.3m |
| Free cash flow | −CN¥1.46bn | −CN¥1.00bn | −CN¥1.25bn | CN¥127.6m | CN¥535.3m | CN¥606.9m | −CN¥203.0m | CN¥366.5m | CN¥59.8m | CN¥89.7m |
| Dividends paid | −CN¥73.0m | −CN¥78.2m | −CN¥84.6m | −CN¥89.3m | −CN¥121.6m | −CN¥26.6m | −CN¥121.6m | −CN¥159.2m | −CN¥138.9m | −CN¥32.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.55bn | CN¥2.23bn | CN¥2.17bn | CN¥1.62bn | CN¥1.42bn | CN¥1.59bn | CN¥1.39bn | CN¥1.54bn |
| Gross profit | CN¥416.1m | CN¥521.3m | CN¥265.5m | CN¥66.5m | CN¥57.2m | CN¥89.0m | CN¥67.0m | CN¥60.3m |
| Operating income | CN¥250.5m | CN¥379.4m | CN¥102.1m | −CN¥25.9m | −CN¥38.1m | −CN¥53.6m | −CN¥83.2m | −CN¥55.5m |
| Net income | CN¥168.1m | CN¥281.6m | CN¥78.1m | −CN¥5.9m | −CN¥27.8m | −CN¥28.5m | CN¥5.2m | −CN¥26.8m |
| Diluted earnings per share | 0.72 | 1.21 | 0.34 | -0.03 | -0.12 | -0.12 | 0.03 | -0.13 |
| Cash from operations | — | — | — | CN¥162.0m | CN¥48.0m | CN¥41.0m | −CN¥120.0m | CN¥264.0m |
| Capital spending | −CN¥76.0m | −CN¥27.0m | — | −CN¥99.0m | −CN¥37.0m | −CN¥42.0m | −CN¥100.0m | −CN¥133.0m |
| Free cash flow | — | — | — | CN¥63.0m | CN¥11.0m | −CN¥1.0m | −CN¥220.0m | CN¥131.0m |
| Total assets | CN¥12.81bn | CN¥12.53bn | CN¥11.37bn | CN¥10.51bn | CN¥10.17bn | CN¥10.22bn | CN¥9.65bn | CN¥9.42bn |
| Cash and short-term investments | — | — | — | CN¥1.25bn | CN¥888.7m | CN¥932.9m | CN¥304.9m | CN¥1.55bn |
| Debt | CN¥682.8m | CN¥714.9m | CN¥670.5m | CN¥1.50bn | CN¥2.54bn | CN¥4.34bn | CN¥2.58bn | CN¥2.47bn |
| Shareholders' equity | CN¥5.41bn | CN¥5.20bn | CN¥4.91bn | CN¥4.83bn | CN¥3.85bn | CN¥3.88bn | CN¥3.90bn | CN¥3.90bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.8% | 5.2% | 6.3% | 17.4% | 31.5% | 16.6% |
| Operating margin | 0.4% | -2.7% | -1.3% | 12.0% | 21.1% | 7.1% |
| Net margin | 0.2% | 0.3% | 0.3% | 10.7% | 16.7% | 5.8% |
| Return on equity | 0.3% | 0.4% | 0.5% | 22.6% | 38.0% | 12.6% |
| Return on assets | 0.1% | 0.2% | 0.3% | 13.9% | 25.1% | 7.9% |
| Free cash flow yield | -8.6% | 1.0% | 3.4% | 13.8% | 12.2% | 8.6% |
| Revenue growth | 22.7% | -1.6% | -32.2% | 17.9% | 57.7% | -3.6% |
| Earnings growth | -3.2% | -12.3% | -97.9% | -24.4% | 353.6% | -15.8% |
| Current ratio | 1.08x | 1.06x | 0.92x | 1.87x | 2.91x | 2.08x |
| Debt to equity | 0.14x | 0.66x | 0.24x | 0.09x | 0.03x | 0.13x |
| Equity ratio | 43.2% | 40.4% | 53.5% | 61.5% | 66.2% | 62.8% |
| Interest coverage | 0.39x | -2.72x | -2.81x | 94.07x | 394.32x | 11.90x |
| R&D as a share of sales | 4.0% | 4.3% | 3.4% | 3.2% | 4.5% | 3.7% |
| Buybacks as a share of market value | -14.8% | 0.0% | 0.0% | 0.0% | 0.6% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | 8.8% | 7.0% |
| Operating income | -69.1% | -37.9% | -7.6% |
| Net income | -73.9% | -42.8% | -9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.9% | 11.5% | 15.8% | 14.2% |
| Operating margin | -1.0% | 3.0% | 6.9% | 6.4% |
| Net margin | 0.3% | 3.6% | 6.3% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 432.0 | 496.4 | 21.0 | 34.0 | 39.6 | 23.4 | 18.9 | 26.9 | 46.4 |
| Price to sales | 2.6 | 1.3 | 1.6 | 2.3 | 5.7 | 2.3 | 1.6 | 0.7 | 1.1 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 May 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.30 | 0.30 | 0.60 | 0.60 | 0.60 | 0.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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