S 
16.74
+1.21%
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¥469.3m
FY2016FY2025
Net income
−CN¥125.7m
FY2016FY2025
Free cash flow
−CN¥128.6m
FY2016FY2025
Shareholders' equity
CN¥737.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥469.3m | CN¥367.2m | CN¥601.4m | CN¥433.1m | CN¥590.1m | CN¥702.4m | CN¥711.9m | CN¥526.5m | CN¥480.3m | CN¥408.1m |
| Research and development | CN¥21.7m | CN¥29.8m | CN¥34.4m | CN¥30.3m | CN¥29.4m | CN¥29.0m | CN¥25.0m | CN¥16.7m | CN¥8.8m | CN¥6.6m |
| Operating income | −CN¥52.0m | −CN¥80.9m | CN¥55.7m | −CN¥75.3m | −CN¥78.3m | CN¥70.8m | CN¥114.3m | CN¥85.0m | CN¥68.3m | CN¥50.0m |
| Net income | −CN¥125.7m | −CN¥66.9m | CN¥59.5m | −CN¥76.2m | −CN¥54.8m | CN¥66.1m | CN¥94.1m | CN¥70.5m | CN¥52.9m | CN¥48.1m |
| Diluted earnings per share | -0.76 | -0.41 | 0.36 | -0.52 | -0.39 | 0.47 | 0.64 | 0.49 | 0.38 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.45bn | CN¥1.50bn | CN¥1.55bn | CN¥1.46bn | CN¥1.42bn | CN¥1.58bn | CN¥1.24bn | CN¥850.9m | CN¥738.7m | CN¥465.8m |
| Cash and short-term investments | — | CN¥291.4m | CN¥312.6m | CN¥372.5m | CN¥264.5m | CN¥288.5m | CN¥240.9m | CN¥221.4m | CN¥273.8m | CN¥68.4m |
| Total liabilities | CN¥722.3m | CN¥673.7m | CN¥641.1m | CN¥598.8m | CN¥691.2m | CN¥790.4m | CN¥546.9m | CN¥266.8m | CN¥221.4m | CN¥201.2m |
| Debt | CN¥20.0m | CN¥259.3m | CN¥223.2m | CN¥235.1m | CN¥234.3m | CN¥317.1m | CN¥144.1m | CN¥27.4m | CN¥14.0m | CN¥38.0m |
| Shareholders' equity | CN¥737.2m | CN¥828.2m | CN¥903.7m | CN¥841.3m | CN¥708.1m | CN¥774.2m | CN¥680.6m | CN¥584.1m | CN¥517.4m | CN¥264.6m |
| Shares outstanding | 165m | 164m | 164m | 148m | 142m | 141m | 146m | 143m | 140m | 105m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥89.1m | −CN¥36.8m | CN¥20.4m | −CN¥47.1m | CN¥99.5m | −CN¥92.2m | −CN¥75.4m | −CN¥36.7m | CN¥35.0m | CN¥38.5m |
| Capital spending | −CN¥39.5m | −CN¥52.3m | −CN¥47.7m | −CN¥12.9m | −CN¥17.1m | −CN¥23.0m | −CN¥21.5m | −CN¥30.0m | −CN¥11.2m | −CN¥9.3m |
| Free cash flow | −CN¥128.6m | −CN¥89.1m | −CN¥27.3m | −CN¥59.9m | CN¥82.5m | −CN¥115.2m | −CN¥97.0m | −CN¥66.7m | CN¥23.8m | CN¥29.2m |
| Dividends paid | −CN¥5.7m | −CN¥33.5m | −CN¥2.6m | −CN¥1.7m | −CN¥11.4m | −CN¥13.3m | −CN¥10.0m | −CN¥10.9m | −CN¥10.3m | −CN¥13.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥139.2m | CN¥143.7m | CN¥94.9m | CN¥181.1m | CN¥106.0m | CN¥87.3m | CN¥78.5m | CN¥94.6m |
| Operating income | −CN¥2.7m | −CN¥495,685 | −CN¥28.9m | −CN¥34.2m | −CN¥17.8m | CN¥195,866 | −CN¥41.6m | −CN¥16.0m |
| Net income | −CN¥14.1m | −CN¥14.1m | −CN¥69.0m | −CN¥31.6m | −CN¥22.8m | −CN¥2.3m | −CN¥35.7m | −CN¥15.6m |
| Diluted earnings per share | -0.09 | -0.09 | -0.42 | -0.19 | -0.14 | -0.01 | -0.22 | -0.10 |
| Cash from operations | — | — | — | −CN¥22.0m | −CN¥64.0m | −CN¥25.0m | — | — |
| Capital spending | −CN¥4.0m | −CN¥12.0m | −CN¥8.0m | −CN¥15.0m | −CN¥8.0m | −CN¥7.0m | −CN¥28.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥37.0m | −CN¥72.0m | −CN¥32.0m | — | — |
| Total assets | CN¥1.44bn | CN¥1.48bn | CN¥1.45bn | CN¥1.48bn | CN¥1.47bn | CN¥1.47bn | CN¥1.50bn | CN¥1.41bn |
| Cash and short-term investments | — | — | — | CN¥194.2m | CN¥170.9m | CN¥252.8m | CN¥291.4m | CN¥179.2m |
| Debt | CN¥53.0m | CN¥53.0m | CN¥20.0m | CN¥98.9m | CN¥249.9m | CN¥257.3m | CN¥259.0m | CN¥216.0m |
| Shareholders' equity | CN¥866.3m | CN¥880.5m | CN¥737.2m | CN¥773.9m | CN¥805.8m | CN¥826.2m | CN¥828.2m | CN¥845.7m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -31.3% | -18.7% | 9.8% | -14.1% | -10.1% | 11.5% |
| Net margin | -26.8% | -18.2% | 9.9% | -17.6% | -9.3% | 9.4% |
| Return on equity | -17.1% | -8.1% | 6.6% | -9.1% | -7.7% | 8.5% |
| Return on assets | -8.7% | -4.4% | 3.8% | -5.2% | -3.9% | 4.2% |
| Free cash flow yield | -1.5% | 0.5% | 2.1% | -1.2% | 4.2% | -2.5% |
| Revenue growth | 27.8% | -38.9% | 38.9% | -26.6% | -16.0% | -1.3% |
| Earnings growth | 87.8% | -212.4% | -178.1% | 39.1% | -182.9% | -29.8% |
| Current ratio | 1.34x | 2.24x | 2.42x | 2.55x | 1.79x | 1.87x |
| Debt to equity | 0.03x | 0.31x | 0.25x | 0.28x | 0.35x | 0.41x |
| Equity ratio | 50.9% | 55.0% | 58.1% | 57.8% | 50.0% | 49.1% |
| Interest coverage | -11.33x | -5.73x | 258.62x | -5.28x | -4.12x | 6.48x |
| R&D as a share of sales | 4.6% | 8.1% | 5.7% | 7.0% | 5.0% | 4.1% |
| Buybacks as a share of market value | -1.0% | 0.1% | -10.9% | -4.2% | -0.8% | 3.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | -7.7% | 2.4% |
| Operating income | -11.6% | — | — |
| Net income | 18.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.9% | -8.1% | -5.1% | 3.6% |
| Net margin | -23.0% | -11.2% | -6.3% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.2 | -32.2 | 41.1 | -23.1 | -35.2 | 48.4 | 45.7 | 32.7 | 48.1 |
| Price to sales | 5.7 | 5.9 | 4.1 | 4.1 | 3.3 | 4.5 | 6.0 | 4.4 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jun 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.08 | 0.093 | 0.071 | 0.071 |
- 7-for-5 split · 8 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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