S 
28.76
-1.37%
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¥471.3m
FY2016FY2025
Net income
−CN¥333.5m
FY2016FY2025
Free cash flow
−CN¥32.3m
FY2016FY2025
Shareholders' equity
CN¥524.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥471.3m | CN¥561.6m | CN¥673.0m | CN¥491.5m | CN¥442.8m | CN¥414.1m | CN¥431.4m | CN¥375.6m | CN¥367.1m | CN¥381.8m |
| Research and development | CN¥12.2m | CN¥10.2m | CN¥11.0m | CN¥12.3m | CN¥10.1m | CN¥10.4m | CN¥8.2m | CN¥6.5m | CN¥6.7m | CN¥15.0m |
| Operating income | −CN¥84.8m | −CN¥123.0m | −CN¥61.8m | −CN¥69.3m | CN¥38.7m | CN¥43.2m | CN¥56.7m | CN¥65.1m | CN¥73.8m | CN¥77.0m |
| Net income | −CN¥333.5m | −CN¥89.6m | −CN¥26.2m | −CN¥63.1m | CN¥36.5m | CN¥34.1m | CN¥42.8m | CN¥55.6m | CN¥63.0m | CN¥65.2m |
| Diluted earnings per share | -3.41 | -0.93 | -0.28 | -0.66 | 0.37 | 0.32 | 0.45 | 0.56 | 0.63 | 0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.81bn | CN¥1.89bn | CN¥2.05bn | CN¥1.82bn | CN¥1.86bn | CN¥1.31bn | CN¥1.13bn | CN¥1.11bn | CN¥1.03bn | CN¥655.0m |
| Cash and short-term investments | — | CN¥98.0m | CN¥166.8m | CN¥230.8m | CN¥323.4m | CN¥250.4m | CN¥487.7m | CN¥220.2m | CN¥232.9m | CN¥161.6m |
| Total liabilities | CN¥1.25bn | CN¥980.9m | CN¥1.03bn | CN¥795.8m | CN¥745.2m | CN¥238.3m | CN¥113.9m | CN¥130.9m | CN¥119.7m | CN¥132.2m |
| Debt | CN¥246.0m | CN¥521.1m | CN¥484.4m | CN¥531.7m | CN¥484.5m | CN¥66.7m | CN¥22.7m | CN¥6.9m | CN¥7.0m | CN¥34.0m |
| Shareholders' equity | CN¥524.9m | CN¥857.3m | CN¥949.2m | CN¥973.7m | CN¥1.05bn | CN¥1.01bn | CN¥978.2m | CN¥946.5m | CN¥910.8m | CN¥522.8m |
| Shares outstanding | 98m | 96m | 95m | 95m | 99m | 106m | 95m | 99m | 99m | 73m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥16.7m | CN¥37.3m | −CN¥72.1m | CN¥50.4m | CN¥7.4m | CN¥93.7m | CN¥107.5m | CN¥62.6m | CN¥43.6m | CN¥71.7m |
| Capital spending | −CN¥15.5m | −CN¥46.7m | −CN¥72.4m | −CN¥138.1m | −CN¥290.3m | −CN¥262.9m | −CN¥81.4m | −CN¥5.6m | −CN¥3.6m | −CN¥4.8m |
| Free cash flow | −CN¥32.3m | −CN¥9.4m | −CN¥144.5m | −CN¥87.7m | −CN¥282.9m | −CN¥169.2m | CN¥26.1m | CN¥57.1m | CN¥40.0m | CN¥66.9m |
| Dividends paid | −CN¥27.9m | −CN¥28.9m | −CN¥30.7m | −CN¥7.4m | −CN¥7.0m | −CN¥8.6m | −CN¥11.3m | −CN¥21.2m | −CN¥4.3m | −CN¥1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥112.0m | CN¥93.4m | CN¥115.1m | CN¥108.6m | CN¥126.2m | CN¥121.4m | CN¥157.1m | CN¥138.9m |
| Operating income | −CN¥3.6m | −CN¥18.6m | −CN¥21.1m | −CN¥96.9m | −CN¥29.7m | −CN¥27.3m | −CN¥77.0m | −CN¥36.6m |
| Net income | −CN¥11.8m | CN¥20.9m | −CN¥200.9m | −CN¥92.3m | −CN¥23.0m | −CN¥17.2m | −CN¥51.3m | −CN¥29.6m |
| Diluted earnings per share | -0.12 | 0.21 | -2.05 | -0.94 | -0.23 | -0.18 | -0.53 | -0.31 |
| Cash from operations | — | — | — | CN¥7.0m | — | −CN¥16.0m | — | −CN¥20.0m |
| Capital spending | −CN¥89.0m | −CN¥29.0m | — | −CN¥24.0m | −CN¥1.0m | −CN¥6.0m | −CN¥2.0m | −CN¥19.0m |
| Free cash flow | — | — | — | −CN¥17.0m | — | −CN¥22.0m | — | −CN¥39.0m |
| Total assets | CN¥1.99bn | CN¥1.71bn | CN¥1.81bn | CN¥1.89bn | CN¥1.87bn | CN¥1.92bn | CN¥1.89bn | CN¥2.01bn |
| Cash and short-term investments | — | — | — | CN¥78.7m | CN¥113.5m | CN¥105.3m | CN¥98.0m | CN¥126.9m |
| Debt | CN¥121.6m | CN¥177.4m | CN¥246.0m | CN¥336.4m | CN¥500.4m | CN¥544.4m | CN¥519.8m | CN¥695.7m |
| Shareholders' equity | CN¥535.0m | CN¥545.8m | CN¥524.9m | CN¥724.8m | CN¥817.2m | CN¥840.1m | CN¥857.3m | CN¥910.9m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -65.6% | -15.4% | -5.1% | -14.1% | 10.2% | 10.9% |
| Net margin | -70.8% | -16.0% | -3.9% | -12.8% | 8.2% | 8.2% |
| Return on equity | -63.5% | -10.5% | -2.8% | -6.5% | 3.5% | 3.4% |
| Return on assets | -18.4% | -4.7% | -1.3% | -3.5% | 2.0% | 2.6% |
| Free cash flow yield | -0.0% | 2.8% | 0.0% | 6.2% | 9.4% | 10.6% |
| Revenue growth | -16.1% | -16.5% | 36.9% | 11.0% | 6.9% | -4.0% |
| Earnings growth | 272.1% | 242.6% | -58.5% | -272.8% | 6.9% | -20.2% |
| Current ratio | 0.63x | 1.00x | 1.00x | 1.61x | 2.09x | 2.94x |
| Debt to equity | 0.47x | 0.61x | 0.51x | 0.48x | 0.39x | 0.04x |
| Equity ratio | 28.9% | 45.4% | 46.3% | 53.5% | 56.3% | 76.9% |
| Interest coverage | -9.00x | -2.46x | -1.47x | -5.15x | 7.05x | 29.91x |
| R&D as a share of sales | 2.6% | 1.8% | 1.6% | 2.5% | 2.3% | 2.5% |
| Buybacks as a share of market value | -1.9% | -1.1% | 0.4% | 4.1% | 6.0% | -11.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.4% | 2.6% | 2.2% |
| Operating income | 7.0% | — | — |
| Net income | 74.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20.1% | -15.4% | -8.4% | 1.8% |
| Net margin | -41.0% | -23.3% | -14.5% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | -15.4 | -68.2 | -26.9 | 59.4 | 52.0 | 38.1 | 27.4 | 39.5 |
| Price to sales | 4.3 | 2.5 | 2.6 | 3.4 | 4.9 | 4.3 | 3.8 | 4.1 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.074 | 0.07 | 0.086 | 0.113 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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