S 
6.29
+2.11%
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¥1.52bn
FY2016FY2025
Net income
−CN¥148.5m
FY2016FY2025
Free cash flow
−CN¥385.0m
FY2016FY2025
Shareholders' equity
CN¥1.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.52bn | CN¥1.47bn | CN¥1.09bn | CN¥930.6m | CN¥685.5m | CN¥529.5m | CN¥465.0m | CN¥434.4m | CN¥374.1m | CN¥340.2m |
| Gross profit | CN¥468.7m | CN¥314.9m | CN¥281.9m | CN¥235.5m | CN¥177.5m | CN¥148.2m | CN¥147.3m | CN¥137.5m | CN¥129.8m | CN¥127.5m |
| Research and development | CN¥91.9m | CN¥84.8m | CN¥65.8m | CN¥56.2m | CN¥41.3m | CN¥28.7m | CN¥26.3m | CN¥23.3m | CN¥19.9m | CN¥18.6m |
| Operating income | −CN¥6.6m | CN¥83.9m | CN¥83.7m | CN¥73.8m | CN¥50.4m | CN¥48.6m | CN¥71.7m | CN¥70.4m | CN¥57.4m | CN¥58.7m |
| Net income | −CN¥148.5m | CN¥73.5m | CN¥72.0m | CN¥68.4m | CN¥47.7m | CN¥42.9m | CN¥42.3m | CN¥43.4m | CN¥49.4m | CN¥49.5m |
| Diluted earnings per share | -0.32 | 0.18 | 0.19 | 0.16 | 0.13 | 0.14 | 0.16 | 0.16 | 0.19 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.96bn | CN¥3.67bn | CN¥3.37bn | CN¥2.88bn | CN¥1.89bn | CN¥1.80bn | CN¥1.38bn | CN¥1.26bn | CN¥1.10bn | CN¥1.04bn |
| Cash and short-term investments | — | CN¥239.4m | CN¥425.4m | CN¥488.1m | CN¥71.5m | CN¥91.1m | CN¥49.8m | CN¥113.4m | CN¥153.2m | CN¥207.9m |
| Total liabilities | CN¥2.18bn | CN¥1.73bn | CN¥1.46bn | CN¥1.02bn | CN¥786.1m | CN¥718.5m | CN¥619.6m | CN¥526.0m | CN¥392.8m | CN¥374.6m |
| Debt | CN¥169.6m | CN¥817.1m | CN¥1.03bn | CN¥637.4m | CN¥524.6m | CN¥438.3m | CN¥435.3m | CN¥351.7m | CN¥265.9m | CN¥243.2m |
| Shareholders' equity | CN¥1.78bn | CN¥1.94bn | CN¥1.91bn | CN¥1.86bn | CN¥1.11bn | CN¥1.08bn | CN¥760.5m | CN¥731.4m | CN¥703.1m | CN¥668.7m |
| Shares outstanding | 461m | 415m | 379m | 420m | 357m | 308m | 267m | 272m | 254m | 224m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥5.5m | CN¥72.0m | CN¥125.6m | CN¥85.1m | CN¥115.6m | CN¥113.7m | CN¥107.8m | CN¥77.0m | CN¥96.5m | CN¥99.9m |
| Capital spending | −CN¥390.6m | −CN¥407.7m | −CN¥497.5m | −CN¥442.5m | −CN¥244.1m | −CN¥212.8m | −CN¥190.1m | −CN¥191.4m | −CN¥138.9m | −CN¥107.9m |
| Free cash flow | −CN¥385.0m | −CN¥335.7m | −CN¥371.9m | −CN¥357.4m | −CN¥128.5m | −CN¥99.1m | −CN¥82.2m | −CN¥114.4m | −CN¥42.4m | −CN¥8.0m |
| Dividends paid | −CN¥51.2m | −CN¥55.0m | −CN¥52.1m | −CN¥26.7m | −CN¥25.6m | −CN¥24.2m | −CN¥13.1m | −CN¥31.8m | −CN¥28.8m | −CN¥12.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥487.7m | CN¥332.4m | CN¥375.2m | CN¥383.7m | CN¥410.7m | CN¥350.1m | CN¥415.3m | CN¥365.1m |
| Gross profit | CN¥76.5m | CN¥22.7m | CN¥19.4m | CN¥43.5m | CN¥69.3m | CN¥70.1m | CN¥76.5m | CN¥76.7m |
| Operating income | CN¥27.2m | −CN¥21.7m | −CN¥48.8m | −CN¥17.3m | CN¥15.6m | CN¥20.9m | CN¥6.5m | CN¥19.9m |
| Net income | −CN¥25.3m | −CN¥35.8m | −CN¥161.2m | −CN¥19.7m | CN¥13.6m | CN¥18.8m | CN¥3.4m | CN¥18.0m |
| Diluted earnings per share | -0.05 | -0.08 | -0.35 | -0.04 | 0.03 | 0.04 | 0.01 | 0.04 |
| Cash from operations | — | — | — | −CN¥11.0m | CN¥11.0m | CN¥9.0m | — | CN¥30.0m |
| Capital spending | −CN¥42.0m | −CN¥119.0m | −CN¥42.0m | −CN¥130.0m | −CN¥102.0m | −CN¥115.0m | −CN¥139.0m | −CN¥94.0m |
| Free cash flow | — | — | — | −CN¥141.0m | −CN¥91.0m | −CN¥106.0m | — | −CN¥64.0m |
| Total assets | CN¥3.98bn | CN¥3.93bn | CN¥3.96bn | CN¥4.01bn | CN¥3.81bn | CN¥3.72bn | CN¥3.67bn | CN¥3.61bn |
| Cash and short-term investments | — | — | — | CN¥255.2m | CN¥220.9m | CN¥267.5m | CN¥239.4m | CN¥327.2m |
| Debt | CN¥166.4m | CN¥167.4m | CN¥169.6m | CN¥1.41bn | CN¥887.4m | CN¥833.7m | CN¥810.8m | CN¥1.17bn |
| Shareholders' equity | CN¥1.72bn | CN¥1.74bn | CN¥1.78bn | CN¥1.94bn | CN¥1.97bn | CN¥1.96bn | CN¥1.94bn | CN¥1.96bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.8% | 21.5% | 25.9% | 25.3% | 25.9% | 28.0% |
| Operating margin | -7.6% | 8.0% | 10.1% | 11.0% | 11.3% | 14.3% |
| Net margin | -9.8% | 5.0% | 6.6% | 7.3% | 7.0% | 8.1% |
| Return on equity | -8.4% | 3.8% | 3.8% | 3.7% | 4.3% | 4.0% |
| Return on assets | -3.8% | 2.0% | 2.1% | 2.4% | 2.5% | 2.4% |
| Free cash flow yield | 14.6% | 19.6% | 27.9% | 21.3% | 17.1% | 18.0% |
| Revenue growth | 3.7% | 34.5% | 17.1% | 35.7% | 29.5% | 13.9% |
| Earnings growth | -302.1% | 2.1% | 5.3% | 43.2% | 11.3% | 1.4% |
| Current ratio | 1.15x | 1.29x | 1.62x | 1.71x | 1.20x | 1.24x |
| Debt to equity | 0.10x | 0.42x | 0.49x | 0.33x | 0.44x | 0.35x |
| Equity ratio | 44.9% | 52.9% | 56.8% | 64.5% | 58.4% | 60.1% |
| Interest coverage | -2.55x | 3.01x | 3.23x | 3.37x | 2.80x | 2.71x |
| R&D as a share of sales | 6.0% | 5.8% | 6.0% | 6.0% | 6.0% | 5.4% |
| Buybacks as a share of market value | -11.1% | -9.5% | 9.8% | -17.8% | -15.8% | -15.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.8% | 23.5% | 17.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.2% | 26.0% | 26.1% | 28.0% |
| Operating margin | 2.6% | 4.7% | 5.4% | 7.8% |
| Net margin | -2.5% | 1.3% | 2.5% | 4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -31.4 | 46.1 | 50.5 | 68.9 | 91.4 | 53.2 | 40.5 | 30.2 | 34.3 | 68.4 |
| Price to sales | 3.1 | 2.3 | 3.3 | 5.1 | 6.4 | 4.3 | 3.7 | 3.0 | 4.5 | 10.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 25 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.027 | 0.051 | 0.065 | 0.075 | 0.04 | 0.046 | 0.046 |
- 13-for-10 split · 30 Aug 2023
- 13-for-10 split · 20 Aug 2019
- 13-for-10 split · 7 Aug 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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