S 
10.56
-1.86%
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¥2.12bn
FY2016FY2025
Net income
−CN¥119.5m
FY2016FY2025
Free cash flow
−CN¥198.7m
FY2016FY2025
Shareholders' equity
CN¥1.36bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.12bn | CN¥2.00bn | CN¥1.68bn | CN¥1.32bn | CN¥1.28bn | CN¥1.07bn | CN¥1.12bn | CN¥993.4m | CN¥880.6m | CN¥709.3m |
| Research and development | CN¥172.8m | CN¥152.3m | CN¥135.3m | CN¥123.9m | CN¥121.3m | CN¥101.0m | CN¥91.5m | CN¥77.7m | CN¥61.8m | CN¥38.8m |
| Operating income | −CN¥120.0m | CN¥8.7m | CN¥75.1m | −CN¥59.2m | CN¥168.9m | CN¥91.3m | CN¥113.5m | CN¥63.5m | CN¥38.6m | CN¥21.7m |
| Net income | −CN¥119.5m | CN¥8.1m | CN¥68.6m | −CN¥51.9m | CN¥141.2m | CN¥81.6m | CN¥79.6m | CN¥60.7m | CN¥34.8m | CN¥34.8m |
| Diluted earnings per share | -0.42 | 0.02 | 0.38 | -0.27 | 0.61 | 0.40 | 0.44 | 0.21 | 0.12 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.21bn | CN¥3.10bn | CN¥2.70bn | CN¥2.38bn | CN¥1.99bn | CN¥2.03bn | CN¥1.35bn | CN¥1.15bn | CN¥999.0m | CN¥840.2m |
| Cash and short-term investments | — | CN¥557.6m | CN¥629.4m | CN¥713.2m | CN¥629.8m | CN¥872.5m | CN¥306.3m | CN¥265.1m | CN¥263.3m | CN¥245.0m |
| Total liabilities | CN¥1.78bn | CN¥1.50bn | CN¥1.11bn | CN¥961.1m | CN¥708.3m | CN¥843.5m | CN¥663.9m | CN¥540.3m | CN¥485.6m | CN¥503.2m |
| Debt | CN¥388.4m | CN¥1.15bn | CN¥764.5m | CN¥739.2m | CN¥495.9m | CN¥643.8m | CN¥459.2m | CN¥351.2m | CN¥326.9m | CN¥319.5m |
| Shareholders' equity | CN¥1.36bn | CN¥1.46bn | CN¥1.44bn | CN¥1.27bn | CN¥1.16bn | CN¥1.05bn | CN¥556.2m | CN¥487.5m | CN¥425.9m | CN¥281.4m |
| Shares outstanding | 287m | 341m | 179m | 196m | 231m | 202m | 181m | 287m | 287m | 287m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥103.8m | CN¥38.5m | CN¥85.9m | −CN¥128.1m | −CN¥10.6m | CN¥29.6m | −CN¥16.6m | CN¥31.7m | −CN¥43.5m | CN¥16.5m |
| Capital spending | −CN¥94.8m | −CN¥409.8m | −CN¥204.6m | −CN¥72.9m | −CN¥38.3m | −CN¥42.5m | −CN¥24.4m | −CN¥45.0m | −CN¥29.1m | −CN¥44.7m |
| Free cash flow | −CN¥198.7m | −CN¥371.3m | −CN¥118.6m | −CN¥201.0m | −CN¥48.9m | −CN¥12.9m | −CN¥41.0m | −CN¥13.4m | −CN¥72.6m | −CN¥28.2m |
| Dividends paid | −CN¥42.7m | −CN¥61.9m | −CN¥17.9m | −CN¥43.7m | −CN¥25.5m | −CN¥28.8m | −CN¥25.1m | −CN¥27.3m | −CN¥19.3m | −CN¥13.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥573.2m | CN¥439.2m | CN¥677.6m | CN¥542.0m | CN¥462.9m | CN¥434.2m | CN¥611.1m | CN¥455.4m |
| Operating income | CN¥6.3m | CN¥16.5m | −CN¥141.6m | CN¥825,258 | CN¥9.4m | CN¥11.1m | −CN¥15.9m | CN¥17.0m |
| Net income | −CN¥12.1m | CN¥1.7m | −CN¥150.6m | CN¥668,858 | CN¥14.6m | CN¥15.7m | −CN¥23.9m | CN¥10.7m |
| Diluted earnings per share | -0.04 | 0.01 | -0.52 | 0.00 | 0.05 | 0.05 | -0.07 | 0.03 |
| Cash from operations | — | — | — | −CN¥30.0m | −CN¥90.0m | −CN¥201.0m | — | CN¥66.0m |
| Capital spending | −CN¥29.0m | −CN¥13.0m | −CN¥42.0m | −CN¥21.0m | −CN¥21.0m | −CN¥9.0m | −CN¥26.0m | −CN¥80.0m |
| Free cash flow | — | — | — | −CN¥51.0m | −CN¥111.0m | −CN¥210.0m | — | −CN¥14.0m |
| Total assets | CN¥3.77bn | CN¥3.29bn | CN¥3.21bn | CN¥3.36bn | CN¥3.18bn | CN¥3.21bn | CN¥3.10bn | CN¥3.21bn |
| Cash and short-term investments | — | — | — | CN¥400.4m | CN¥311.6m | CN¥409.1m | CN¥557.6m | CN¥366.1m |
| Debt | CN¥222.2m | CN¥227.3m | CN¥388.4m | CN¥1.06bn | CN¥1.23bn | CN¥1.21bn | CN¥1.14bn | CN¥1.24bn |
| Shareholders' equity | CN¥1.77bn | CN¥1.49bn | CN¥1.36bn | CN¥1.51bn | CN¥1.51bn | CN¥1.49bn | CN¥1.46bn | CN¥1.45bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -5.7% | 2.9% | 7.3% | -2.3% | 15.0% | 11.0% |
| Net margin | -5.6% | 0.4% | 4.1% | -3.9% | 11.0% | 7.6% |
| Return on equity | -8.8% | 0.6% | 4.7% | -4.1% | 12.2% | 7.8% |
| Return on assets | -3.7% | 0.3% | 2.5% | -2.2% | 7.1% | 4.0% |
| Free cash flow yield | -0.3% | 11.3% | 14.0% | -2.4% | 1.0% | 3.1% |
| Revenue growth | 6.1% | 18.6% | 27.9% | 2.6% | 19.4% | -3.9% |
| Earnings growth | -1577.0% | -88.2% | -232.1% | -136.8% | 73.0% | 2.6% |
| Current ratio | 1.71x | 2.05x | 2.42x | 3.19x | 2.68x | 2.21x |
| Debt to equity | 0.29x | 0.78x | 0.53x | 0.56x | 0.42x | 0.61x |
| Equity ratio | 42.3% | 47.0% | 53.5% | 53.4% | 58.0% | 51.8% |
| Interest coverage | -2.45x | 1.12x | 2.47x | -1.07x | 7.62x | 4.22x |
| R&D as a share of sales | 8.2% | 7.6% | 8.0% | 9.4% | 9.5% | 9.4% |
| Buybacks as a share of market value | 15.8% | -90.8% | 8.7% | 15.5% | -14.6% | -11.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.2% | 14.5% | 17.3% |
| Operating income | 26.6% | — | — |
| Net income | 32.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.7% | -1.3% | 1.7% | 3.2% |
| Net margin | -2.7% | -1.3% | 1.4% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -44.8 | — | 58.9 | -36.1 | 23.2 | 37.5 |
| Price to sales | 2.5 | 2.7 | 2.4 | 1.4 | 2.5 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 19 Dec 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.035 | 0.115 | 0.185 | 0.108 |
- 13-for-10 split · 25 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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