S 
134.10
+1.98%
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¥468.4m
FY2018FY2025
Net income
CN¥19.5m
FY2018FY2025
Free cash flow
−CN¥17.2m
FY2018FY2025
Shareholders' equity
CN¥3.01bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥468.4m | CN¥272.6m | CN¥290.2m | CN¥385.6m | CN¥429.1m | CN¥247.2m | CN¥138.5m | CN¥92.4m |
| Research and development | CN¥115.4m | CN¥127.3m | CN¥118.9m | CN¥118.2m | CN¥85.9m | CN¥60.3m | CN¥52.7m | CN¥37.2m |
| Operating income | CN¥14.7m | −CN¥133.4m | −CN¥118.4m | CN¥117.5m | CN¥122.2m | CN¥23.7m | −CN¥134.9m | −CN¥19.8m |
| Net income | CN¥19.5m | −CN¥99.7m | −CN¥91.9m | CN¥119.3m | CN¥115.3m | CN¥26.2m | −CN¥128.9m | −CN¥14.4m |
| Diluted earnings per share | 0.12 | -0.57 | -0.52 | 0.68 | 0.87 | 0.15 | -0.80 | -0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.36bn | CN¥3.30bn | CN¥3.42bn | CN¥3.50bn | CN¥983.4m | CN¥748.1m | CN¥499.2m | CN¥246.7m |
| Cash and short-term investments | CN¥616.7m | CN¥1.27bn | CN¥1.50bn | CN¥2.26bn | CN¥56.9m | CN¥110.9m | CN¥230.5m | CN¥38.9m |
| Total liabilities | −CN¥3.01bn | CN¥309.7m | CN¥306.3m | CN¥259.6m | CN¥346.0m | CN¥241.6m | CN¥244.9m | CN¥146.4m |
| Debt | — | CN¥31.1m | CN¥63.7m | CN¥13.6m | CN¥68.7m | CN¥17.8m | CN¥3.4m | CN¥30.0m |
| Shareholders' equity | CN¥3.01bn | CN¥2.99bn | CN¥3.10bn | CN¥3.24bn | CN¥637.3m | CN¥506.5m | CN¥254.3m | CN¥100.2m |
| Shares outstanding | 161m | 175m | 176m | 176m | 132m | 176m | 161m | 161m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥21.7m | −CN¥66.1m | CN¥25.2m | −CN¥55.3m | CN¥21.2m | −CN¥19.1m | CN¥5.3m | −CN¥24.7m |
| Capital spending | −CN¥38.9m | −CN¥78.6m | −CN¥504.5m | −CN¥196.9m | −CN¥132.2m | −CN¥111.8m | −CN¥26.7m | −CN¥37.4m |
| Free cash flow | −CN¥17.2m | −CN¥144.7m | −CN¥479.2m | −CN¥252.2m | −CN¥111.1m | −CN¥130.9m | −CN¥21.5m | −CN¥62.1m |
| Dividends paid | −CN¥888,933 | −CN¥1.2m | −CN¥47.6m | −CN¥70.0m | −CN¥543,003 | — | −CN¥377,639 | −CN¥820,578 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥261.1m | CN¥129.9m | CN¥129.0m | CN¥125.3m | CN¥119.8m | CN¥94.3m | CN¥69.9m | CN¥75.4m |
| Operating income | CN¥14.2m | CN¥2.4m | −CN¥4.8m | CN¥13.6m | CN¥15.4m | −CN¥11.4m | −CN¥42.9m | −CN¥29.7m |
| Net income | CN¥25.9m | CN¥4.5m | −CN¥1.4m | CN¥12.0m | CN¥16.5m | −CN¥7.5m | −CN¥36.3m | −CN¥20.9m |
| Diluted earnings per share | 0.16 | 0.03 | -0.01 | 0.07 | 0.10 | -0.05 | -0.21 | -0.12 |
| Cash from operations | — | — | — | −CN¥2.0m | — | −CN¥20.0m | −CN¥14.0m | −CN¥48.0m |
| Capital spending | −CN¥29.0m | −CN¥10.0m | — | −CN¥11.0m | −CN¥10.0m | −CN¥21.0m | −CN¥4.0m | −CN¥31.0m |
| Free cash flow | — | — | — | −CN¥13.0m | — | −CN¥41.0m | −CN¥18.0m | −CN¥79.0m |
| Total assets | CN¥3.39bn | CN¥3.34bn | CN¥3.36bn | CN¥3.33bn | CN¥3.33bn | CN¥3.31bn | CN¥3.30bn | CN¥3.39bn |
| Cash and short-term investments | — | — | CN¥616.7m | CN¥616.7m | CN¥820.7m | CN¥1.33bn | CN¥1.27bn | CN¥1.33bn |
| Debt | — | — | — | CN¥91.9m | CN¥40.0m | CN¥40.0m | CN¥31.1m | CN¥98.3m |
| Shareholders' equity | CN¥3.04bn | CN¥3.01bn | CN¥3.01bn | CN¥3.01bn | CN¥2.99bn | CN¥2.98bn | CN¥2.99bn | CN¥3.02bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.1% | -48.9% | -40.8% | 30.5% | 28.5% | 9.6% | — |
| Net margin | 4.2% | -36.6% | -31.7% | 30.9% | 26.9% | 10.6% | — |
| Return on equity | 0.6% | -3.3% | -3.0% | 3.7% | 18.1% | 5.2% | — |
| Return on assets | 0.6% | -3.0% | -2.7% | 3.4% | 11.7% | 3.5% | — |
| Free cash flow yield | 0.1% | 0.0% | 0.9% | 0.2% | 0.4% | 0.2% | — |
| Revenue growth | 71.8% | -6.1% | -24.7% | -10.1% | 73.6% | 78.5% | — |
| Earnings growth | -119.6% | 8.5% | -177.1% | 3.4% | 340.5% | -120.3% | — |
| Current ratio | 4.46x | 6.28x | 7.83x | 14.37x | 1.69x | 2.52x | — |
| Debt to equity | — | 0.01x | 0.02x | 0.00x | 0.07x | 0.01x | 0.01x |
| Equity ratio | 89.7% | 90.4% | 90.9% | 92.6% | 64.8% | 67.7% | — |
| Interest coverage | 15.92x | -77.74x | -95.62x | 64.02x | 40.69x | — | -369.14x |
| R&D as a share of sales | 24.6% | 46.7% | 41.0% | 30.6% | 20.0% | 24.4% | — |
| Buybacks as a share of market value | 7.9% | 0.7% | -0.1% | -33.3% | 25.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.7% | 13.6% | — |
| Operating income | -50.0% | -9.2% | — |
| Net income | -45.3% | -5.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -16.0% | -8.4% | 1.3% | — |
| Net margin | -10.8% | -3.7% | 4.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | — | -68.5 | -120.2 | 110.0 |
| Price to sales | 43.2 | 25.1 | 38.1 | 34.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.35 | 0.385 |
- 13-for-10 split · 7 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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