S 
17.40
-0.57%
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¥2.51bn
FY2016FY2025
Net income
−CN¥13.0m
FY2016FY2025
Free cash flow
−CN¥47.3m
FY2016FY2025
Shareholders' equity
CN¥2.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.51bn | CN¥2.88bn | CN¥2.77bn | CN¥2.61bn | CN¥2.16bn | CN¥1.38bn | CN¥1.14bn | CN¥925.6m | CN¥664.2m | CN¥408.7m |
| Research and development | CN¥156.1m | CN¥147.6m | CN¥141.1m | CN¥117.9m | CN¥84.1m | CN¥49.1m | CN¥36.5m | CN¥30.0m | CN¥28.9m | CN¥18.9m |
| Operating income | −CN¥47.2m | CN¥51.6m | CN¥85.5m | CN¥151.7m | CN¥170.7m | CN¥126.3m | CN¥84.0m | CN¥67.3m | CN¥42.7m | CN¥28.2m |
| Net income | −CN¥13.0m | CN¥12.9m | CN¥72.6m | CN¥124.8m | CN¥144.0m | CN¥102.8m | CN¥74.1m | CN¥59.9m | CN¥38.6m | CN¥27.5m |
| Diluted earnings per share | -0.08 | 0.08 | 0.45 | 0.76 | 0.97 | 0.74 | 0.71 | 0.61 | 0.84 | 0.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.87bn | CN¥4.85bn | CN¥4.39bn | CN¥3.97bn | CN¥2.59bn | CN¥1.85bn | CN¥931.2m | CN¥654.9m | CN¥452.5m | CN¥356.9m |
| Cash and short-term investments | — | CN¥1.03bn | CN¥1.05bn | CN¥1.39bn | CN¥687.0m | CN¥874.0m | CN¥307.9m | CN¥214.9m | CN¥106.2m | CN¥88.8m |
| Total liabilities | CN¥2.04bn | CN¥1.98bn | CN¥1.54bn | CN¥1.20bn | CN¥977.3m | CN¥396.1m | CN¥367.6m | CN¥268.3m | CN¥165.2m | CN¥157.7m |
| Debt | CN¥416.4m | CN¥1.43bn | CN¥1.06bn | CN¥843.9m | CN¥464.8m | CN¥186.8m | CN¥172.8m | CN¥122.3m | CN¥64.7m | CN¥60.0m |
| Shareholders' equity | CN¥2.75bn | CN¥2.79bn | CN¥2.79bn | CN¥2.72bn | CN¥1.58bn | CN¥1.44bn | CN¥563.6m | CN¥386.2m | CN¥287.4m | CN¥199.1m |
| Shares outstanding | 174m | 159m | 160m | 165m | 148m | 139m | 104m | 99m | 46m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥237.5m | CN¥189.0m | −CN¥124.5m | −CN¥151.4m | −CN¥242.2m | −CN¥138.2m | −CN¥31.8m | CN¥34.5m | CN¥16.7m | −CN¥795,894 |
| Capital spending | −CN¥284.8m | −CN¥480.9m | −CN¥464.9m | −CN¥299.6m | −CN¥135.2m | −CN¥96.6m | −CN¥28.9m | −CN¥21.8m | −CN¥12.2m | −CN¥9.2m |
| Free cash flow | −CN¥47.3m | −CN¥291.9m | −CN¥589.5m | −CN¥451.0m | −CN¥377.4m | −CN¥234.7m | −CN¥60.7m | CN¥12.7m | CN¥4.5m | −CN¥10.0m |
| Dividends paid | −CN¥56.5m | −CN¥55.8m | −CN¥47.6m | −CN¥14.7m | −CN¥29.7m | −CN¥8.0m | −CN¥26.4m | −CN¥25.0m | −CN¥23.3m | −CN¥2.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥682.5m | CN¥582.9m | CN¥666.8m | CN¥628.9m | CN¥615.2m | CN¥604.0m | CN¥758.0m | CN¥729.1m |
| Operating income | CN¥9.7m | −CN¥20.6m | −CN¥51.6m | −CN¥971,033 | CN¥2.9m | CN¥2.4m | CN¥7.9m | CN¥3.1m |
| Net income | −CN¥10.3m | −CN¥32.4m | −CN¥24.2m | CN¥1.4m | CN¥4.6m | CN¥5.1m | CN¥3.2m | CN¥4.6m |
| Diluted earnings per share | -0.06 | -0.19 | -0.14 | 0.01 | 0.03 | 0.03 | 0.02 | 0.03 |
| Cash from operations | — | — | — | CN¥79.0m | CN¥24.0m | −CN¥106.0m | — | CN¥61.0m |
| Capital spending | −CN¥22.0m | −CN¥82.0m | −CN¥95.0m | −CN¥72.0m | −CN¥31.0m | −CN¥84.0m | −CN¥133.0m | −CN¥90.0m |
| Free cash flow | — | — | — | CN¥7.0m | −CN¥7.0m | −CN¥190.0m | — | −CN¥29.0m |
| Total assets | CN¥4.96bn | CN¥4.86bn | CN¥4.87bn | CN¥4.87bn | CN¥4.84bn | CN¥4.85bn | CN¥4.85bn | CN¥4.85bn |
| Cash and short-term investments | — | — | — | CN¥847.4m | CN¥897.3m | CN¥862.1m | CN¥1.03bn | CN¥978.4m |
| Debt | CN¥402.2m | CN¥371.2m | CN¥416.4m | CN¥1.06bn | CN¥1.42bn | CN¥1.42bn | CN¥1.40bn | CN¥1.47bn |
| Shareholders' equity | CN¥2.71bn | CN¥2.72bn | CN¥2.75bn | CN¥2.79bn | CN¥2.79bn | CN¥2.79bn | CN¥2.79bn | CN¥2.78bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -1.0% | 1.8% | 4.2% | 7.0% | 8.3% | 9.1% |
| Net margin | -0.5% | 0.4% | 2.6% | 4.8% | 6.7% | 7.4% |
| Return on equity | -0.5% | 0.5% | 2.6% | 4.6% | 9.1% | 7.1% |
| Return on assets | -0.3% | 0.3% | 1.7% | 3.1% | 5.6% | 5.6% |
| Free cash flow yield | 16.0% | 22.4% | 11.3% | 4.8% | -3.8% | -1.6% |
| Revenue growth | -12.8% | 4.1% | 6.2% | 20.5% | 56.3% | 21.0% |
| Earnings growth | -201.2% | -82.2% | -41.9% | -13.3% | 40.1% | 38.6% |
| Current ratio | 1.95x | 2.16x | 2.71x | 3.53x | 2.46x | 4.48x |
| Debt to equity | 0.15x | 0.50x | 0.37x | 0.29x | 0.29x | 0.13x |
| Equity ratio | 56.6% | 57.5% | 63.6% | 68.5% | 60.8% | 77.7% |
| Interest coverage | -0.55x | 1.16x | 3.68x | 5.99x | 14.22x | 14.23x |
| R&D as a share of sales | 6.2% | 5.1% | 5.1% | 4.5% | 3.9% | 3.5% |
| Buybacks as a share of market value | -9.0% | 0.8% | 2.8% | -11.2% | -7.1% | -32.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 12.7% | 25.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.1% | 2.2% | 3.8% | 4.4% |
| Net margin | -0.0% | 1.8% | 3.1% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -294.6 | 225.3 | 73.2 | 93.4 | 114.7 | 92.0 |
| Price to sales | 1.5 | 1.0 | 1.9 | 4.5 | 7.6 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 20 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.10 | 0.143 | 0.102 | 0.209 |
- 7-for-5 split · 21 Jun 2024
- 7-for-5 split · 7 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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