S 
19.89
-0.35%
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¥1.13bn
FY2016FY2025
Net income
−CN¥17.1m
FY2016FY2025
Free cash flow
−CN¥224.8m
FY2016FY2025
Shareholders' equity
CN¥1.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.13bn | CN¥1.45bn | CN¥1.83bn | CN¥1.33bn | CN¥1.23bn | CN¥937.7m | CN¥885.7m | CN¥871.5m | CN¥517.0m | CN¥212.4m |
| Gross profit | CN¥239.0m | CN¥415.3m | CN¥461.3m | CN¥367.0m | CN¥334.6m | CN¥260.8m | CN¥271.1m | CN¥254.0m | CN¥130.2m | CN¥78.8m |
| Research and development | CN¥97.5m | CN¥94.6m | CN¥102.2m | CN¥73.3m | CN¥56.2m | CN¥38.9m | CN¥39.9m | CN¥39.3m | CN¥23.9m | CN¥15.1m |
| Operating income | CN¥7.5m | CN¥137.2m | CN¥187.9m | CN¥146.7m | CN¥174.8m | CN¥143.3m | CN¥145.7m | CN¥127.8m | CN¥33.2m | CN¥35.7m |
| Net income | −CN¥17.1m | CN¥119.9m | CN¥165.4m | CN¥130.3m | CN¥152.4m | CN¥121.6m | CN¥113.4m | CN¥110.8m | CN¥22.8m | CN¥30.1m |
| Diluted earnings per share | -0.12 | 0.79 | 1.19 | 0.84 | 1.02 | 1.10 | 1.02 | 0.75 | 0.15 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.39bn | CN¥3.94bn | CN¥3.46bn | CN¥2.60bn | CN¥2.25bn | CN¥1.33bn | CN¥1.36bn | CN¥1.10bn | CN¥545.3m | CN¥312.1m |
| Cash and short-term investments | — | CN¥548.2m | CN¥654.1m | CN¥509.6m | CN¥870.4m | CN¥398.7m | CN¥455.8m | CN¥316.5m | CN¥34.1m | CN¥5.5m |
| Total liabilities | CN¥1.72bn | CN¥2.25bn | CN¥1.86bn | CN¥1.17bn | CN¥861.2m | CN¥631.0m | CN¥778.3m | CN¥630.4m | CN¥439.2m | CN¥224.1m |
| Debt | CN¥259.5m | CN¥970.6m | CN¥418.1m | CN¥198.7m | CN¥57.2m | CN¥75.1m | CN¥163.0m | CN¥116.2m | CN¥69.0m | CN¥20.0m |
| Shareholders' equity | CN¥1.66bn | CN¥1.68bn | CN¥1.59bn | CN¥1.42bn | CN¥1.38bn | CN¥703.0m | CN¥581.4m | CN¥468.2m | CN¥106.1m | CN¥87.7m |
| Shares outstanding | 148m | 151m | 139m | 155m | 149m | 110m | 111m | 148m | 148m | 148m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥102.8m | −CN¥103.1m | CN¥227,511 | −CN¥170.9m | CN¥34.4m | CN¥89.7m | CN¥141.7m | CN¥76.9m | −CN¥23.3m | −CN¥13.0m |
| Capital spending | −CN¥122.1m | −CN¥260.3m | −CN¥110.1m | −CN¥167.7m | −CN¥123.5m | −CN¥62.5m | −CN¥90.8m | −CN¥64.3m | −CN¥5.5m | −CN¥15.6m |
| Free cash flow | −CN¥224.8m | −CN¥363.5m | −CN¥109.9m | −CN¥338.5m | −CN¥89.1m | CN¥27.2m | CN¥51.0m | CN¥12.7m | −CN¥28.8m | −CN¥28.5m |
| Dividends paid | −CN¥36.2m | −CN¥40.4m | −CN¥25.8m | −CN¥45.8m | −CN¥36.6m | −CN¥5.4m | −CN¥7.8m | −CN¥7.3m | −CN¥2.1m | −CN¥299,900 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥333.0m | CN¥118.6m | CN¥294.7m | CN¥254.6m | CN¥255.1m | CN¥321.2m | CN¥457.3m | CN¥330.2m |
| Gross profit | CN¥27.3m | CN¥20.6m | CN¥30.3m | CN¥56.1m | CN¥79.3m | CN¥73.3m | CN¥126.1m | CN¥94.4m |
| Operating income | −CN¥40.4m | −CN¥34.8m | −CN¥42.6m | −CN¥23.6m | CN¥26.8m | CN¥25.2m | CN¥49.4m | CN¥28.3m |
| Net income | −CN¥71.8m | −CN¥26.1m | −CN¥47.8m | −CN¥11.5m | CN¥21.6m | CN¥20.6m | CN¥28.4m | CN¥25.2m |
| Diluted earnings per share | -0.49 | -0.18 | -0.32 | -0.08 | 0.15 | 0.14 | 0.19 | 0.17 |
| Cash from operations | — | — | — | −CN¥12.0m | −CN¥140.0m | −CN¥65.0m | CN¥286.0m | −CN¥131.0m |
| Capital spending | −CN¥5.0m | −CN¥55.0m | −CN¥14.0m | −CN¥23.0m | −CN¥11.0m | −CN¥72.0m | −CN¥51.0m | −CN¥73.0m |
| Free cash flow | — | — | — | −CN¥35.0m | −CN¥151.0m | −CN¥137.0m | CN¥235.0m | −CN¥204.0m |
| Total assets | CN¥3.60bn | CN¥3.36bn | CN¥3.39bn | CN¥3.56bn | CN¥3.57bn | CN¥3.69bn | CN¥3.94bn | CN¥3.73bn |
| Cash and short-term investments | — | — | — | CN¥245.7m | CN¥263.9m | CN¥429.7m | CN¥548.2m | CN¥320.1m |
| Debt | CN¥280.6m | CN¥302.0m | CN¥259.5m | CN¥650.9m | CN¥720.6m | CN¥795.2m | CN¥774.2m | CN¥680.4m |
| Shareholders' equity | CN¥1.64bn | CN¥1.63bn | CN¥1.66bn | CN¥1.68bn | CN¥1.69bn | CN¥1.69bn | CN¥1.68bn | CN¥1.65bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.2% | 28.6% | 25.3% | 27.6% | 27.1% | 27.8% |
| Operating margin | -0.4% | 10.7% | 10.3% | 11.0% | 14.2% | 16.5% |
| Net margin | -1.5% | 8.3% | 9.1% | 9.8% | 12.4% | 13.0% |
| Return on equity | -1.0% | 7.1% | 10.4% | 9.1% | 11.0% | 17.3% |
| Return on assets | -0.5% | 3.0% | 4.8% | 5.0% | 6.8% | 9.1% |
| Free cash flow yield | 0.6% | 4.9% | 3.7% | -0.1% | 4.9% | 6.5% |
| Revenue growth | -22.4% | -20.5% | 37.5% | 7.7% | 31.5% | 5.9% |
| Earnings growth | -114.3% | -27.5% | 27.0% | -14.5% | 25.3% | 7.3% |
| Current ratio | 1.52x | 1.43x | 1.57x | 1.79x | 2.23x | 1.83x |
| Debt to equity | 0.16x | 0.46x | 0.25x | 0.12x | 0.04x | 0.11x |
| Equity ratio | 49.1% | 42.6% | 46.0% | 54.8% | 61.6% | 52.7% |
| Interest coverage | -0.18x | 7.96x | 22.59x | 28.09x | 64.71x | 14.80x |
| R&D as a share of sales | 8.7% | 6.5% | 5.6% | 5.5% | 4.6% | 4.2% |
| Buybacks as a share of market value | 2.5% | -9.2% | 10.5% | -3.7% | -35.7% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.4% | 3.7% | — |
| Operating income | -62.9% | -44.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.4% | 25.9% | 26.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -213.7 | 32.7 | 21.2 | 34.7 | 47.9 |
| Price to sales | 3.3 | 2.7 | 1.9 | 3.4 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 4 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.125 | 0.27 | 0.133 | 0.311 | 0.246 |
- 6-for-5 split · 4 Jul 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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