S 
2.04
-0.97%
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¥7.19bn
FY2016FY2025
Net income
−CN¥536.4m
FY2016FY2025
Free cash flow
−CN¥182.7m
FY2016FY2025
Shareholders' equity
CN¥17.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.19bn | CN¥8.55bn | CN¥8.82bn | CN¥13.04bn | CN¥9.99bn | CN¥5.26bn | CN¥5.97bn | CN¥6.01bn | CN¥4.74bn | CN¥3.46bn |
| Research and development | CN¥17.3m | CN¥30.6m | CN¥47.3m | CN¥67.9m | CN¥33.3m | CN¥39.7m | CN¥38.3m | CN¥31.1m | CN¥34.8m | CN¥28.1m |
| Operating income | CN¥266.0m | −CN¥50.4m | CN¥1.54bn | CN¥4.48bn | CN¥3.59bn | CN¥440.5m | CN¥639.4m | CN¥468.8m | CN¥616.6m | CN¥394.4m |
| Net income | −CN¥536.4m | CN¥31.5m | CN¥1.28bn | CN¥3.81bn | CN¥3.02bn | CN¥40.9m | CN¥516.9m | CN¥363.1m | CN¥517.5m | CN¥317.8m |
| Diluted earnings per share | -0.05 | 0.00 | 0.15 | 0.44 | 0.36 | 0.01 | 0.06 | 0.04 | 0.06 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥28.21bn | CN¥29.65bn | CN¥24.54bn | CN¥24.10bn | CN¥17.92bn | CN¥14.74bn | CN¥14.48bn | CN¥13.29bn | CN¥13.11bn | CN¥12.93bn |
| Cash and short-term investments | — | CN¥7.00bn | CN¥3.06bn | CN¥4.59bn | CN¥1.77bn | CN¥845.9m | CN¥796.6m | CN¥1.34bn | CN¥830.7m | CN¥308.7m |
| Total liabilities | CN¥10.25bn | CN¥10.64bn | CN¥4.32bn | CN¥4.34bn | CN¥3.29bn | CN¥3.43bn | CN¥3.03bn | CN¥2.09bn | CN¥1.83bn | CN¥2.15bn |
| Debt | CN¥6.11bn | CN¥7.30bn | CN¥1.62bn | CN¥1.82bn | CN¥1.37bn | CN¥2.15bn | CN¥1.86bn | CN¥1.16bn | CN¥915.5m | CN¥1.24bn |
| Shareholders' equity | CN¥17.88bn | CN¥18.63bn | CN¥19.58bn | CN¥19.12bn | CN¥14.25bn | CN¥11.14bn | CN¥11.23bn | CN¥10.97bn | CN¥10.99bn | CN¥10.46bn |
| Shares outstanding | 10,334m | 9,468m | 8,632m | 8,725m | 8,360m | 8,130m | 8,370m | 8,731m | 8,823m | 6,897m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.08bn | CN¥467.9m | CN¥200.8m | CN¥2.64bn | CN¥3.20bn | CN¥368.9m | CN¥162.9m | CN¥944.4m | CN¥176.9m | CN¥575.3m |
| Capital spending | −CN¥1.26bn | −CN¥1.12bn | −CN¥828.7m | −CN¥936.2m | −CN¥1.74bn | −CN¥197.1m | −CN¥662.5m | −CN¥363.6m | −CN¥508.5m | −CN¥677.4m |
| Free cash flow | −CN¥182.7m | −CN¥648.3m | −CN¥628.0m | CN¥1.71bn | CN¥1.46bn | CN¥171.8m | −CN¥499.6m | CN¥580.8m | −CN¥331.6m | −CN¥102.2m |
| Dividends paid | −CN¥135.8m | −CN¥246.7m | −CN¥392.6m | −CN¥130.9m | −CN¥78.0m | −CN¥92.7m | −CN¥71.1m | −CN¥253.2m | −CN¥110.2m | −CN¥198.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.50bn | CN¥1.39bn | CN¥1.26bn | CN¥2.01bn | CN¥2.20bn | CN¥1.73bn | CN¥1.73bn | CN¥1.97bn |
| Operating income | CN¥351.5m | CN¥208.1m | −CN¥7.4m | CN¥137.9m | CN¥34.6m | CN¥20.9m | −CN¥322.1m | CN¥14.5m |
| Net income | CN¥206.6m | CN¥173.6m | −CN¥629.5m | CN¥41.3m | CN¥39.3m | CN¥12.5m | −CN¥189.9m | CN¥29.0m |
| Diluted earnings per share | 0.02 | 0.02 | -0.06 | 0.00 | 0.00 | 0.00 | -0.02 | 0.00 |
| Cash from operations | — | — | — | CN¥165.0m | CN¥200.0m | −CN¥53.0m | — | −CN¥33.0m |
| Capital spending | −CN¥404.0m | −CN¥253.0m | −CN¥588.0m | −CN¥200.0m | −CN¥138.0m | −CN¥330.0m | −CN¥571.0m | −CN¥211.0m |
| Free cash flow | — | — | — | −CN¥35.0m | CN¥62.0m | −CN¥383.0m | — | −CN¥244.0m |
| Total assets | CN¥29.64bn | CN¥28.72bn | CN¥28.21bn | CN¥29.29bn | CN¥29.22bn | CN¥29.84bn | CN¥29.65bn | CN¥25.98bn |
| Cash and short-term investments | — | — | — | CN¥6.82bn | CN¥6.86bn | CN¥7.12bn | CN¥7.00bn | CN¥2.57bn |
| Debt | CN¥7.26bn | CN¥6.94bn | CN¥6.11bn | CN¥2.99bn | CN¥8.22bn | CN¥8.38bn | CN¥7.29bn | CN¥2.83bn |
| Shareholders' equity | CN¥19.27bn | CN¥18.10bn | CN¥17.88bn | CN¥18.52bn | CN¥18.49bn | CN¥18.47bn | CN¥18.63bn | CN¥18.76bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.7% | -0.6% | 17.5% | 34.4% | 36.0% | 8.4% |
| Net margin | -7.5% | 0.4% | 14.5% | 29.2% | 30.2% | 0.8% |
| Return on equity | -3.0% | 0.2% | 6.6% | 19.9% | 21.2% | 0.4% |
| Return on assets | -1.9% | 0.1% | 5.2% | 15.8% | 16.8% | 0.3% |
| Free cash flow yield | 10.2% | 7.5% | 5.4% | 18.5% | 26.6% | 3.1% |
| Revenue growth | -15.9% | -3.1% | -32.3% | 30.6% | 89.8% | -11.9% |
| Earnings growth | -1804.8% | -97.5% | -66.3% | 26.1% | 7272.5% | -92.1% |
| Current ratio | 3.18x | 2.61x | 2.69x | 2.60x | 1.49x | 1.05x |
| Debt to equity | 0.34x | 0.39x | 0.08x | 0.09x | 0.09x | 0.19x |
| Equity ratio | 63.4% | 62.8% | 79.8% | 79.3% | 79.5% | 75.6% |
| Interest coverage | 2.12x | -0.75x | 53.84x | 86.12x | 45.42x | 4.81x |
| R&D as a share of sales | 0.2% | 0.4% | 0.5% | 0.5% | 0.3% | 0.8% |
| Buybacks as a share of market value | -9.2% | -9.7% | 1.1% | -4.4% | -2.8% | 2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.0% | 6.4% | 9.6% |
| Operating income | -61.0% | -9.6% | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.4% | 16.6% | 19.4% | 16.6% |
| Net margin | -3.2% | 12.2% | 14.5% | 12.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -43.5 | — | 15.9 | 7.0 | 9.4 | 282.0 | 24.0 | 39.0 | 34.1 | 50.5 |
| Price to sales | 3.3 | 2.3 | 2.3 | 2.0 | 2.9 | 2.2 | 2.1 | 2.4 | 3.7 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Oct 2024.
| FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.045 | 0.015 | 0.02 | 0.005 | 0.005 | 0.023 | 0.007 |
- 3-for-1 split · 2 Sept 2015
- 2-for-1 split · 11 Jul 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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