S 
7.37
-1.47%
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¥13.68bn
FY2017FY2025
Net income
−CN¥988.9m
FY2017FY2025
Free cash flow
CN¥187.0m
FY2017FY2025
Shareholders' equity
CN¥4.40bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥13.68bn | CN¥10.44bn | CN¥10.11bn | CN¥12.08bn | CN¥23.50bn | CN¥20.69bn | CN¥10.13bn | CN¥6.17bn | CN¥6.56bn |
| Research and development | CN¥596.5m | CN¥622.9m | CN¥658.0m | CN¥583.8m | CN¥925.1m | CN¥559.8m | CN¥294.4m | CN¥407.2m | CN¥249.9m |
| Operating income | −CN¥1.04bn | −CN¥906.7m | −CN¥1.42bn | −CN¥455.2m | CN¥529.6m | CN¥420.2m | CN¥388.9m | −CN¥80.0m | CN¥20.5m |
| Net income | −CN¥988.9m | −CN¥784.8m | −CN¥1.27bn | −CN¥338.1m | CN¥507.0m | CN¥416.7m | CN¥251.6m | −CN¥52.3m | CN¥21.2m |
| Diluted earnings per share | -0.73 | -0.58 | -0.95 | -0.16 | 0.37 | 0.54 | 0.19 | -0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥34.55bn | CN¥29.21bn | CN¥25.86bn | CN¥30.21bn | CN¥30.69bn | CN¥31.77bn | CN¥22.26bn | CN¥14.52bn | CN¥12.31bn |
| Cash and short-term investments | CN¥2.21bn | CN¥3.00bn | CN¥2.21bn | CN¥5.68bn | CN¥6.04bn | CN¥4.08bn | CN¥3.93bn | CN¥2.45bn | CN¥1.12bn |
| Total liabilities | −CN¥4.40bn | CN¥24.08bn | CN¥19.98bn | CN¥23.06bn | CN¥23.07bn | CN¥27.44bn | CN¥18.36bn | CN¥12.37bn | CN¥10.11bn |
| Debt | CN¥2.37bn | CN¥2.87bn | CN¥4.59bn | CN¥4.06bn | CN¥1.95bn | CN¥1.68bn | CN¥1.81bn | CN¥3.59bn | CN¥1.93bn |
| Shareholders' equity | CN¥4.40bn | CN¥5.11bn | CN¥5.87bn | CN¥7.14bn | CN¥7.62bn | CN¥4.32bn | CN¥3.90bn | CN¥2.15bn | CN¥2.20bn |
| Shares outstanding | 1,355m | 1,362m | 1,339m | 2,077m | 1,359m | 778m | 1,315m | 1,355m | 1,355m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥597.8m | CN¥43.3m | −CN¥3.95bn | −CN¥717.6m | CN¥336.1m | CN¥1.48bn | CN¥2.77bn | CN¥432.7m | −CN¥431.9m |
| Capital spending | −CN¥410.8m | −CN¥543.6m | −CN¥1.64bn | −CN¥2.06bn | −CN¥479.5m | −CN¥936.5m | −CN¥659.8m | −CN¥482.6m | −CN¥155.8m |
| Free cash flow | CN¥187.0m | −CN¥500.2m | −CN¥5.59bn | −CN¥2.78bn | −CN¥143.4m | CN¥540.5m | CN¥2.11bn | −CN¥49.9m | −CN¥587.7m |
| Dividends paid | −CN¥124.1m | −CN¥131.8m | −CN¥126.6m | −CN¥153.3m | −CN¥30.2m | −CN¥33.5m | −CN¥70.4m | −CN¥103.2m | −CN¥70.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.37bn | CN¥1.29bn | CN¥9.42bn | CN¥1.60bn | CN¥1.89bn | CN¥770.1m | CN¥7.30bn | CN¥1.92bn |
| Operating income | −CN¥119.0m | −CN¥130.2m | −CN¥311.3m | −CN¥523.9m | −CN¥17.2m | −CN¥186.5m | −CN¥411.3m | −CN¥54.6m |
| Net income | −CN¥271.6m | −CN¥270.0m | −CN¥257.2m | −CN¥452.7m | −CN¥91.6m | −CN¥187.3m | −CN¥308.2m | −CN¥89.8m |
| Diluted earnings per share | -0.20 | -0.20 | -0.19 | -0.33 | -0.07 | -0.14 | -0.23 | -0.07 |
| Cash from operations | — | — | — | −CN¥825.0m | CN¥17.0m | CN¥199.0m | — | CN¥183.0m |
| Capital spending | −CN¥9.0m | −CN¥48.0m | −CN¥237.0m | −CN¥86.0m | −CN¥23.0m | −CN¥63.0m | −CN¥70.0m | −CN¥178.0m |
| Free cash flow | — | — | — | −CN¥911.0m | −CN¥6.0m | CN¥136.0m | — | CN¥5.0m |
| Total assets | CN¥35.76bn | CN¥33.77bn | CN¥34.55bn | CN¥33.92bn | CN¥32.28bn | CN¥29.99bn | CN¥29.21bn | CN¥26.86bn |
| Cash and short-term investments | — | — | CN¥2.21bn | CN¥2.21bn | CN¥3.27bn | CN¥2.98bn | CN¥3.00bn | CN¥1.84bn |
| Debt | CN¥1.95bn | CN¥2.15bn | CN¥2.37bn | CN¥5.18bn | CN¥2.41bn | CN¥2.60bn | CN¥2.58bn | CN¥3.40bn |
| Shareholders' equity | CN¥3.61bn | CN¥3.88bn | CN¥4.40bn | CN¥4.39bn | CN¥4.84bn | CN¥4.93bn | CN¥5.11bn | CN¥5.40bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -7.6% | -8.7% | -14.0% | -3.8% | 2.3% | 2.0% |
| Net margin | -7.2% | -7.5% | -12.6% | -2.8% | 2.2% | 2.0% |
| Return on equity | -22.5% | -15.4% | -21.7% | -4.7% | 6.7% | 9.6% |
| Return on assets | -2.9% | -2.7% | -4.9% | -1.1% | 1.7% | 1.3% |
| Free cash flow yield | 8.7% | 5.0% | -20.1% | 7.5% | 7.0% | 36.1% |
| Revenue growth | 31.1% | 3.2% | -16.2% | -48.6% | 13.6% | 104.1% |
| Earnings growth | 26.0% | -38.3% | 276.0% | -166.7% | 21.7% | 65.6% |
| Current ratio | 0.80x | 0.87x | 0.97x | 1.07x | 1.06x | 0.99x |
| Debt to equity | 0.54x | 0.51x | 0.74x | 0.38x | 0.21x | -1.80x |
| Equity ratio | 12.7% | 17.5% | 22.7% | 23.6% | 24.8% | 13.6% |
| Interest coverage | -8.07x | -4.88x | -10.75x | -3.45x | 5.64x | 8.47x |
| R&D as a share of sales | 4.4% | 6.0% | 6.5% | 4.8% | 3.9% | 2.7% |
| Buybacks as a share of market value | 0.5% | -1.7% | 35.5% | -52.8% | -74.7% | 40.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | -7.9% | — |
| Operating income | 31.7% | — | — |
| Net income | 43.0% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -23.3 | -15.6 | -5.4 | -36.9 | 31.8 |
| Price to sales | 1.7 | 1.2 | 0.7 | 1.0 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jul 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.115 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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