S 
22.41
-0.22%
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¥2.32bn
FY2016FY2025
Net income
−CN¥35.7m
FY2016FY2025
Free cash flow
CN¥262.4m
FY2016FY2025
Shareholders' equity
CN¥221.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.32bn | CN¥1.67bn | CN¥2.44bn | CN¥2.03bn | CN¥1.48bn | CN¥1.48bn | CN¥1.27bn | CN¥1.39bn | CN¥948.8m | CN¥775.8m |
| Gross profit | CN¥218.1m | CN¥141.3m | CN¥197.0m | CN¥156.4m | CN¥158.8m | CN¥290.5m | CN¥235.4m | CN¥297.1m | CN¥137.2m | CN¥158.9m |
| Research and development | CN¥53.9m | CN¥53.4m | CN¥62.5m | CN¥66.9m | CN¥66.7m | CN¥57.7m | CN¥74.4m | CN¥62.5m | CN¥35.6m | CN¥34.2m |
| Operating income | CN¥67.3m | −CN¥67.5m | −CN¥10.0m | −CN¥59.3m | −CN¥331.4m | CN¥114.5m | −CN¥35.2m | CN¥54.5m | CN¥29.1m | CN¥39.6m |
| Net income | −CN¥35.7m | −CN¥61.8m | CN¥18.8m | CN¥15.2m | −CN¥230.8m | CN¥39.6m | −CN¥93.3m | CN¥24.8m | CN¥21.4m | CN¥30.3m |
| Diluted earnings per share | -0.22 | -0.39 | 0.13 | 0.12 | -4.70 | 0.24 | -0.62 | 0.18 | 0.13 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.28bn | CN¥2.74bn | CN¥2.19bn | CN¥2.16bn | CN¥2.24bn | CN¥2.28bn | CN¥2.23bn | CN¥2.21bn | CN¥1.29bn | CN¥1.05bn |
| Cash and short-term investments | — | CN¥44.4m | CN¥211.9m | CN¥288.5m | CN¥414.9m | CN¥381.6m | CN¥446.3m | CN¥458.5m | CN¥369.2m | CN¥329.1m |
| Total liabilities | CN¥2.02bn | CN¥2.48bn | CN¥1.85bn | CN¥1.84bn | CN¥1.86bn | CN¥1.62bn | CN¥1.61bn | CN¥1.54bn | CN¥797.5m | CN¥573.6m |
| Debt | CN¥84.6m | CN¥313.7m | CN¥298.2m | CN¥495.4m | CN¥631.7m | CN¥490.4m | CN¥622.0m | CN¥589.4m | CN¥149.0m | CN¥131.1m |
| Shareholders' equity | CN¥221.4m | CN¥228.2m | CN¥295.4m | CN¥227.1m | CN¥195.6m | CN¥420.4m | CN¥381.3m | CN¥488.7m | CN¥490.6m | CN¥478.8m |
| Shares outstanding | 159m | 157m | 149m | 127m | 49m | 168m | 151m | 137m | 163m | 63m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥263.1m | −CN¥133.7m | CN¥2.3m | CN¥56.8m | CN¥59.2m | CN¥80.7m | CN¥39.0m | CN¥48.8m | CN¥38.1m | −CN¥45.3m |
| Capital spending | −CN¥616,031 | −CN¥1.5m | −CN¥2.4m | −CN¥37.4m | −CN¥138.3m | −CN¥50.9m | −CN¥21.8m | −CN¥12.0m | −CN¥12.8m | −CN¥17.4m |
| Free cash flow | CN¥262.4m | −CN¥135.2m | −CN¥122,996 | CN¥19.5m | −CN¥79.1m | CN¥29.8m | CN¥17.2m | CN¥36.7m | CN¥25.3m | −CN¥62.7m |
| Dividends paid | −CN¥6.0m | −CN¥13.7m | −CN¥20.1m | −CN¥31.8m | −CN¥33.5m | −CN¥30.5m | −CN¥11.1m | −CN¥34.5m | −CN¥16.4m | −CN¥6.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥329.6m | CN¥235.4m | CN¥543.1m | CN¥167.6m | CN¥1.34bn | CN¥266.4m | CN¥95.3m | CN¥169.7m |
| Gross profit | CN¥83.9m | CN¥82.1m | CN¥66.0m | CN¥15.6m | CN¥33.7m | CN¥102.8m | CN¥10.9m | CN¥17.2m |
| Operating income | CN¥10.7m | CN¥54.2m | CN¥4.5m | −CN¥11.7m | CN¥623,670 | CN¥74.4m | −CN¥114.3m | CN¥445,150 |
| Net income | CN¥10.1m | CN¥41.7m | −CN¥95.5m | −CN¥12.2m | CN¥22.0m | CN¥50.1m | −CN¥87.2m | −CN¥2.8m |
| Diluted earnings per share | 0.06 | 0.26 | -0.60 | -0.08 | 0.14 | 0.31 | -0.56 | -0.02 |
| Cash from operations | — | — | — | CN¥17.0m | −CN¥32.0m | CN¥107.0m | — | CN¥20.0m |
| Total assets | CN¥2.48bn | CN¥2.29bn | CN¥2.28bn | CN¥2.23bn | CN¥2.34bn | CN¥3.12bn | CN¥2.74bn | CN¥2.73bn |
| Cash and short-term investments | — | — | — | CN¥101.6m | CN¥58.0m | CN¥64.2m | CN¥44.4m | CN¥52.2m |
| Debt | CN¥80.0m | CN¥82.3m | CN¥84.6m | CN¥141.0m | CN¥210.5m | CN¥220.5m | CN¥312.0m | CN¥311.9m |
| Shareholders' equity | CN¥313.9m | CN¥263.1m | CN¥221.4m | CN¥288.1m | CN¥300.3m | CN¥278.3m | CN¥228.2m | CN¥320.8m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.4% | 8.4% | 8.1% | 7.7% | 10.7% | 19.7% |
| Operating margin | -2.2% | -4.0% | -0.3% | -0.5% | -18.3% | 8.0% |
| Net margin | -1.5% | -3.7% | 0.8% | 0.7% | -15.6% | 2.7% |
| Return on equity | -16.1% | -27.1% | 6.4% | 6.7% | -118.0% | 9.4% |
| Return on assets | -1.6% | -2.3% | 0.9% | 0.7% | -10.3% | 1.7% |
| Free cash flow yield | 6.2% | -3.2% | 0.1% | 2.8% | 15.1% | 2.9% |
| Revenue growth | 38.7% | -31.6% | 20.7% | 36.5% | 0.4% | 16.6% |
| Earnings growth | -42.3% | -428.7% | 23.7% | -106.6% | -682.9% | -142.4% |
| Current ratio | 0.95x | 0.91x | 0.94x | 0.99x | 1.07x | 1.10x |
| Debt to equity | 0.38x | 1.37x | 0.99x | 1.51x | 3.30x | 1.21x |
| Equity ratio | 9.7% | 8.3% | 13.5% | 10.5% | 8.7% | 18.4% |
| Interest coverage | -5.89x | -4.15x | -0.30x | -0.28x | -7.85x | 3.48x |
| R&D as a share of sales | 2.3% | 3.2% | 2.6% | 3.3% | 4.5% | 3.9% |
| Buybacks as a share of market value | -1.6% | -5.0% | -17.7% | -158.0% | 70.7% | -11.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | 9.5% | 12.8% |
| Operating income | — | -10.1% | 3.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.0% | 8.4% | 10.2% | 13.1% |
| Operating margin | -0.0% | -0.8% | -2.5% | -0.9% |
| Net margin | -2.4% | -0.7% | -2.2% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -171.3 | -96.4 | 299.6 | 136.1 | -2.7 | 72.7 | -33.8 | 134.0 | 179.9 | 83.9 |
| Price to sales | 2.6 | 3.6 | 2.3 | 1.0 | 0.4 | 1.9 | 2.5 | 2.4 | 4.0 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 May 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.071 | 0.061 | 0.061 |
- 7-for-5 split · 13 May 2019
- 7-for-5 split · 4 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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