S 
20.20
+5.48%
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¥3.27bn
FY2016FY2025
Net income
−CN¥79.3m
FY2016FY2025
Free cash flow
−CN¥164.7m
FY2016FY2025
Shareholders' equity
CN¥1.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.27bn | CN¥2.56bn | CN¥1.58bn | CN¥1.52bn | CN¥1.38bn | CN¥986.1m | CN¥1.03bn | CN¥1.10bn | CN¥1.01bn | CN¥794.0m |
| Gross profit | CN¥257.0m | CN¥65.1m | CN¥59.1m | CN¥89.4m | CN¥152.8m | CN¥147.0m | CN¥215.8m | CN¥227.2m | CN¥213.4m | CN¥192.9m |
| Research and development | CN¥92.6m | CN¥98.8m | CN¥67.2m | CN¥68.3m | CN¥57.3m | CN¥45.7m | CN¥48.4m | CN¥48.3m | CN¥35.8m | CN¥23.6m |
| Operating income | CN¥12.4m | −CN¥209.0m | −CN¥68.8m | −CN¥14.3m | CN¥31.5m | CN¥40.9m | CN¥108.7m | CN¥144.5m | CN¥120.8m | CN¥126.2m |
| Net income | −CN¥79.3m | −CN¥291.2m | −CN¥141.4m | −CN¥48.1m | CN¥28.8m | CN¥28.1m | CN¥94.3m | CN¥125.1m | CN¥104.5m | CN¥132.8m |
| Diluted earnings per share | -0.41 | -1.57 | -5.85 | -0.29 | 0.19 | 0.18 | 0.58 | 0.79 | 0.65 | 1.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.33bn | CN¥3.90bn | CN¥3.58bn | CN¥3.19bn | CN¥2.73bn | CN¥2.75bn | CN¥2.12bn | CN¥1.92bn | CN¥1.60bn | CN¥931.8m |
| Cash and short-term investments | — | CN¥260.9m | CN¥349.4m | CN¥365.8m | CN¥164.9m | CN¥603.0m | CN¥161.8m | CN¥308.3m | CN¥368.3m | CN¥69.0m |
| Total liabilities | CN¥2.70bn | CN¥2.17bn | CN¥1.98bn | CN¥1.46bn | CN¥937.6m | CN¥1.08bn | CN¥618.5m | CN¥509.4m | CN¥281.7m | CN¥269.0m |
| Debt | CN¥317.1m | CN¥1.19bn | CN¥1.58bn | CN¥1.05bn | CN¥653.2m | CN¥853.8m | CN¥180.0m | CN¥110.0m | CN¥150.0m | CN¥40.0m |
| Shareholders' equity | CN¥1.64bn | CN¥1.73bn | CN¥1.59bn | CN¥1.73bn | CN¥1.79bn | CN¥1.67bn | CN¥1.51bn | CN¥1.41bn | CN¥1.32bn | CN¥662.8m |
| Shares outstanding | 192m | 186m | 24m | 166m | 155m | 154m | 162m | 159m | 161m | 120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥124.5m | −CN¥247.2m | −CN¥195.2m | −CN¥146.4m | −CN¥208.6m | −CN¥293.2m | −CN¥65.4m | CN¥132.6m | −CN¥254.4m | CN¥84.7m |
| Capital spending | −CN¥40.2m | −CN¥207.2m | −CN¥271.6m | −CN¥64.8m | −CN¥53.8m | −CN¥42.2m | −CN¥131.1m | −CN¥138.4m | −CN¥80.9m | −CN¥45.4m |
| Free cash flow | −CN¥164.7m | −CN¥454.4m | −CN¥466.7m | −CN¥211.2m | −CN¥262.5m | −CN¥335.4m | −CN¥196.5m | −CN¥5.8m | −CN¥335.3m | CN¥39.3m |
| Dividends paid | −CN¥53.1m | −CN¥59.0m | −CN¥42.9m | −CN¥22.6m | −CN¥12.7m | −CN¥10.0m | −CN¥6.0m | −CN¥23.8m | −CN¥16.6m | −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¥1.03bn | CN¥902.1m | CN¥941.7m | CN¥824.3m | CN¥757.6m | CN¥741.7m | CN¥712.6m | CN¥687.8m |
| Gross profit | CN¥39.2m | CN¥72.8m | CN¥51.9m | CN¥21.0m | CN¥20.4m | CN¥39.6m | −CN¥13.2m | CN¥23.5m |
| Operating income | CN¥82,627 | CN¥40.4m | CN¥22.9m | −CN¥38.3m | −CN¥12.4m | CN¥3.8m | −CN¥171.0m | −CN¥41.0m |
| Net income | CN¥2.0m | CN¥18.0m | −CN¥17.5m | −CN¥39.5m | −CN¥24.8m | CN¥2.4m | −CN¥193.0m | −CN¥40.8m |
| Diluted earnings per share | 0.01 | 0.09 | -0.09 | -0.21 | -0.13 | 0.01 | -1.04 | -0.22 |
| Cash from operations | — | — | — | −CN¥124.0m | −CN¥2.0m | CN¥149.0m | — | −CN¥36.0m |
| Capital spending | −CN¥5.0m | −CN¥13.0m | −CN¥35.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥52.0m | −CN¥37.0m |
| Free cash flow | — | — | — | −CN¥125.0m | −CN¥3.0m | CN¥148.0m | — | −CN¥73.0m |
| Total assets | CN¥5.06bn | CN¥4.61bn | CN¥4.33bn | CN¥4.21bn | CN¥4.39bn | CN¥4.02bn | CN¥3.90bn | CN¥4.13bn |
| Cash and short-term investments | — | — | — | CN¥300.1m | CN¥552.0m | CN¥260.1m | CN¥260.9m | CN¥368.3m |
| Debt | CN¥304.7m | CN¥276.9m | CN¥317.1m | CN¥1.31bn | CN¥1.27bn | CN¥1.10bn | CN¥1.19bn | CN¥1.52bn |
| Shareholders' equity | CN¥1.66bn | CN¥1.66bn | CN¥1.64bn | CN¥1.51bn | CN¥1.57bn | CN¥1.73bn | CN¥1.73bn | CN¥1.58bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.9% | 2.5% | 3.7% | 5.9% | 11.1% | 14.9% |
| Operating margin | -0.5% | -8.2% | -4.0% | -0.5% | 5.2% | 5.7% |
| Net margin | -2.4% | -11.4% | -9.0% | -3.2% | 2.1% | 2.9% |
| Return on equity | -4.8% | -16.8% | -8.9% | -2.8% | 1.6% | 1.7% |
| Return on assets | -1.8% | -7.5% | -3.9% | -1.5% | 1.1% | 1.0% |
| Free cash flow yield | -1.8% | -0.9% | 12.7% | -2.0% | -4.0% | -6.6% |
| Revenue growth | 27.4% | 62.3% | 3.6% | 10.8% | 39.5% | -4.6% |
| Earnings growth | -72.8% | 105.9% | 194.1% | -267.1% | 2.3% | -70.2% |
| Current ratio | 1.09x | 1.24x | 1.54x | 2.00x | 3.00x | 3.43x |
| Debt to equity | 0.19x | 0.69x | 0.99x | 0.61x | 0.36x | 0.51x |
| Equity ratio | 37.8% | 44.4% | 44.5% | 54.3% | 65.6% | 60.8% |
| Interest coverage | -0.26x | -2.92x | -0.95x | -0.17x | 1.68x | 1.95x |
| R&D as a share of sales | 2.8% | 3.9% | 4.3% | 4.5% | 4.2% | 4.6% |
| Buybacks as a share of market value | -3.1% | -669.6% | 85.5% | -7.3% | -0.9% | 5.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.9% | 27.1% | 16.6% |
| Operating income | — | -21.2% | -18.3% |
| Net income | 18.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.5% | 5.3% | 6.8% | 11.2% |
| Operating margin | -3.4% | -3.1% | -1.8% | 2.4% |
| Net margin | -6.4% | -6.3% | -4.5% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -68.3 | -9.8 | -2.8 | -64.1 | 147.7 | 94.1 | 44.3 | 24.0 | 71.7 |
| Price to sales | 1.7 | 1.1 | 0.3 | 2.0 | 3.1 | 2.7 | 4.0 | 2.7 | 7.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 May 2020.
| FY2020 | FY2018 | |
|---|---|---|
| Paid in the year | 0.063 | 0.20 |
- 2-for-1 split · 4 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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