S 
125.05
-0.49%
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¥556.5m
FY2016FY2025
Net income
−CN¥45.8m
FY2016FY2025
Free cash flow
−CN¥19.4m
FY2016FY2025
Shareholders' equity
CN¥3.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥556.5m | CN¥364.6m | CN¥239.4m | CN¥129.5m | CN¥128.1m | CN¥311.3m | CN¥461.9m | CN¥569.8m | CN¥427.4m | CN¥351.1m |
| Gross profit | CN¥91.8m | CN¥52.5m | CN¥39.8m | CN¥10.3m | CN¥8.4m | CN¥13.8m | CN¥50.4m | CN¥129.2m | CN¥96.4m | CN¥95.5m |
| Research and development | CN¥16.3m | CN¥14.9m | CN¥13.4m | CN¥5.1m | CN¥6.8m | CN¥15.7m | CN¥26.2m | CN¥22.0m | CN¥19.4m | CN¥19.2m |
| Operating income | — | −CN¥11.0m | −CN¥27.4m | −CN¥21.3m | −CN¥50.8m | −CN¥46.2m | −CN¥41.6m | CN¥39.2m | CN¥45.2m | CN¥48.0m |
| Net income | −CN¥45.8m | −CN¥30.5m | −CN¥44.4m | −CN¥16.8m | −CN¥53.4m | −CN¥48.1m | −CN¥57.1m | CN¥34.2m | CN¥38.0m | CN¥37.5m |
| Diluted earnings per share | -0.49 | -0.42 | -0.59 | -0.25 | -0.71 | -0.67 | -0.82 | 0.45 | 0.50 | 0.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.31bn | CN¥636.0m | CN¥600.7m | CN¥403.4m | CN¥429.3m | CN¥571.7m | CN¥689.8m | CN¥813.6m | CN¥655.7m | CN¥465.8m |
| Cash and short-term investments | — | CN¥32.3m | CN¥46.8m | CN¥28.5m | CN¥52.2m | CN¥9.5m | CN¥18.7m | CN¥60.4m | CN¥67.8m | CN¥14.1m |
| Total liabilities | CN¥1.79bn | CN¥362.8m | CN¥309.7m | CN¥102.6m | CN¥111.7m | CN¥200.7m | CN¥270.8m | CN¥325.5m | CN¥194.4m | CN¥219.7m |
| Debt | CN¥520.7m | CN¥115.5m | CN¥104.8m | CN¥49.1m | CN¥55.1m | CN¥97.5m | CN¥189.8m | CN¥225.0m | CN¥107.5m | CN¥167.2m |
| Shareholders' equity | CN¥3.50bn | CN¥225.8m | CN¥256.3m | CN¥300.8m | CN¥317.6m | CN¥371.0m | CN¥419.1m | CN¥488.1m | CN¥461.3m | CN¥246.2m |
| Shares outstanding | 94m | 72m | 76m | 68m | 75m | 72m | 70m | 75m | 76m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥14.1m | −CN¥26.8m | −CN¥41.9m | −CN¥39.6m | CN¥110.3m | CN¥67.0m | CN¥45.7m | −CN¥74.8m | CN¥473,904 | CN¥19.1m |
| Capital spending | −CN¥5.3m | −CN¥60,705 | −CN¥250,990 | — | −CN¥394,609 | −CN¥382,729 | −CN¥15.8m | −CN¥41.4m | −CN¥53.9m | −CN¥71.3m |
| Free cash flow | −CN¥19.4m | −CN¥26.8m | −CN¥42.1m | −CN¥39.6m | CN¥109.9m | CN¥66.6m | CN¥29.9m | −CN¥116.1m | −CN¥53.4m | −CN¥52.2m |
| Dividends paid | −CN¥16.0m | −CN¥9.9m | −CN¥3.3m | −CN¥3.2m | −CN¥4.5m | −CN¥8.9m | −CN¥11.9m | −CN¥15.7m | −CN¥4.9m | −CN¥8.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10bn | CN¥895.8m | CN¥405.9m | CN¥46.4m | CN¥53.0m | CN¥51.2m | CN¥171.4m | CN¥94.9m |
| Gross profit | CN¥259.6m | CN¥143.7m | CN¥76.2m | CN¥5.5m | CN¥6.7m | CN¥3.3m | CN¥23.6m | CN¥6.5m |
| Operating income | CN¥191.1m | CN¥68.3m | −CN¥30.4m | −CN¥8.6m | −CN¥9.6m | −CN¥13.9m | CN¥6.0m | −CN¥7.8m |
| Net income | CN¥129.2m | CN¥51.0m | −CN¥8.9m | −CN¥6.9m | −CN¥8.4m | −CN¥14.2m | −CN¥15.5m | −CN¥8.9m |
| Diluted earnings per share | 1.38 | 0.54 | -0.09 | -0.07 | -0.09 | -0.15 | -0.21 | -0.12 |
| Cash from operations | — | — | — | CN¥5.0m | CN¥6.0m | CN¥4.0m | CN¥5.0m | −CN¥2.0m |
| Capital spending | −CN¥32.0m | −CN¥19.0m | −CN¥4.0m | — | −CN¥1.0m | — | — | — |
| Free cash flow | — | — | — | — | CN¥5.0m | — | — | — |
| Total assets | CN¥4.86bn | CN¥4.81bn | CN¥5.31bn | CN¥568.9m | CN¥595.4m | CN¥618.9m | CN¥636.0m | CN¥637.4m |
| Cash and short-term investments | — | — | — | CN¥43.0m | CN¥46.0m | CN¥60.8m | CN¥32.3m | CN¥49.1m |
| Debt | — | — | CN¥520.7m | CN¥54.9m | CN¥117.3m | CN¥140.5m | CN¥115.5m | CN¥137.7m |
| Shareholders' equity | CN¥3.62bn | CN¥3.52bn | CN¥3.50bn | CN¥198.2m | CN¥205.0m | CN¥213.5m | CN¥225.8m | CN¥241.3m |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 16.5% | 14.4% | 16.6% | 8.0% | 6.5% | 4.4% | — |
| Operating margin | -9.9% | -3.0% | -11.4% | -16.4% | -39.7% | -14.9% | — |
| Net margin | -8.2% | -8.4% | -18.6% | -13.0% | -41.7% | -15.4% | — |
| Return on equity | -1.3% | -13.5% | -17.3% | -5.6% | -16.8% | -13.0% | — |
| Return on assets | -0.9% | -4.8% | -7.4% | -4.2% | -12.4% | -8.4% | — |
| Free cash flow yield | -0.1% | -0.2% | -0.3% | — | 0.9% | 0.6% | 0.5% |
| Revenue growth | 52.6% | 52.3% | 84.8% | 1.1% | -58.8% | -32.6% | — |
| Earnings growth | 50.1% | -31.3% | 164.1% | -68.5% | 11.1% | -15.7% | — |
| Current ratio | 2.68x | 2.08x | 1.96x | 2.54x | 2.63x | 1.62x | — |
| Debt to equity | 0.15x | 0.51x | 0.41x | 0.13x | 0.16x | 0.26x | — |
| Equity ratio | 65.8% | 35.5% | 42.7% | 74.6% | 74.0% | 64.9% | — |
| Interest coverage | -4.02x | -1.00x | -3.67x | -6.70x | -10.65x | -4.10x | — |
| R&D as a share of sales | 2.9% | 4.1% | 5.6% | 3.9% | 5.3% | 5.0% | — |
| Buybacks as a share of market value | -30.3% | 4.8% | -11.3% | 10.0% | -4.5% | -3.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 62.6% | 12.3% | 6.3% |
| Net income | 39.7% | -0.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.7% | 15.1% | 12.5% | 17.6% |
| Net margin | -8.3% | -10.7% | -13.8% | -4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -150.7 | -123.1 | -78.3 | -153.5 | -58.6 | -59.2 | -20.9 | 40.0 | 56.5 |
| Price to sales | 12.4 | 10.3 | 14.5 | 19.9 | 24.4 | 9.1 | 2.6 | 2.4 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Feb 2026.
| FY2026 | FY2019 | FY2018 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.16 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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