S 
13.29
-0.23%
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¥1.77bn
FY2016FY2025
Net income
−CN¥56.2m
FY2016FY2025
Free cash flow
−CN¥832.0m
FY2016FY2025
Shareholders' equity
CN¥1.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.77bn | CN¥1.56bn | CN¥1.54bn | CN¥447.5m | CN¥962.2m | CN¥2.58bn | CN¥1.00bn | CN¥336.5m | CN¥320.4m | CN¥125.6m |
| Research and development | CN¥133.3m | CN¥104.1m | CN¥81.1m | CN¥88.5m | CN¥81.2m | CN¥68.8m | CN¥34.5m | CN¥41.0m | CN¥23.4m | — |
| Operating income | −CN¥73.3m | −CN¥27.6m | CN¥35.5m | −CN¥120.5m | CN¥15.6m | CN¥275.8m | CN¥86.5m | −CN¥60.7m | CN¥2.0m | −CN¥28.0m |
| Net income | −CN¥56.2m | −CN¥26.2m | CN¥42.3m | −CN¥87.3m | CN¥10.4m | CN¥218.4m | CN¥86.6m | −CN¥59.3m | CN¥3.9m | −CN¥15.5m |
| Diluted earnings per share | -0.44 | -0.21 | 0.22 | -0.73 | 0.09 | 2.41 | 0.68 | -0.47 | 0.08 | -0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.47bn | CN¥2.88bn | CN¥2.65bn | CN¥2.13bn | CN¥2.29bn | CN¥1.50bn | CN¥764.8m | CN¥465.0m | CN¥428.2m | CN¥303.9m |
| Cash and short-term investments | — | CN¥617.6m | CN¥668.6m | CN¥931.3m | CN¥1.23bn | CN¥68.9m | CN¥93.8m | CN¥16.1m | CN¥30.7m | CN¥4.8m |
| Total liabilities | CN¥1.68bn | CN¥1.03bn | CN¥754.2m | CN¥264.1m | CN¥302.8m | CN¥932.7m | CN¥588.4m | CN¥465.1m | CN¥375.9m | CN¥214.7m |
| Debt | CN¥240.8m | CN¥440.1m | CN¥234.7m | CN¥20.5m | CN¥120.6m | CN¥426.7m | CN¥188.4m | CN¥158.0m | CN¥111.4m | CN¥82.8m |
| Shareholders' equity | CN¥1.77bn | CN¥1.83bn | CN¥1.88bn | CN¥1.86bn | CN¥1.98bn | CN¥560.0m | CN¥169.5m | −CN¥7.1m | CN¥52.3m | CN¥77.3m |
| Shares outstanding | 127m | 124m | 194m | 120m | 119m | 91m | 127m | 127m | 50m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥577.0m | −CN¥156.9m | −CN¥347.3m | −CN¥53.8m | CN¥207.3m | −CN¥306.3m | CN¥10.4m | −CN¥58.5m | CN¥327,763 | CN¥33.7m |
| Capital spending | −CN¥254.9m | −CN¥134.9m | −CN¥69.9m | −CN¥151.2m | −CN¥98.8m | −CN¥58.2m | −CN¥7.2m | −CN¥8.8m | −CN¥5.1m | −CN¥10.1m |
| Free cash flow | −CN¥832.0m | −CN¥291.8m | −CN¥417.3m | −CN¥205.1m | CN¥108.5m | −CN¥364.5m | CN¥3.2m | −CN¥67.4m | −CN¥4.8m | CN¥23.6m |
| Dividends paid | −CN¥19.2m | −CN¥8.2m | −CN¥3.0m | −CN¥25.8m | −CN¥16.2m | −CN¥20.7m | −CN¥7.6m | −CN¥6.8m | −CN¥5.9m | −CN¥5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥591.1m | CN¥715.6m | CN¥575.8m | CN¥410.4m | CN¥377.5m | CN¥402.8m | CN¥507.9m | CN¥318.3m |
| Operating income | −CN¥43.8m | CN¥15.0m | −CN¥49.2m | −CN¥20.8m | −CN¥20.2m | CN¥8.3m | −CN¥17.2m | −CN¥21.3m |
| Net income | −CN¥68.9m | CN¥3.4m | −CN¥29.2m | −CN¥15.0m | −CN¥19.6m | CN¥7.7m | −CN¥12.1m | −CN¥19.7m |
| Diluted earnings per share | -0.54 | 0.03 | -0.23 | -0.12 | -0.15 | 0.06 | -0.10 | -0.16 |
| Cash from operations | — | — | — | −CN¥9.0m | −CN¥137.0m | −CN¥169.0m | — | −CN¥55.0m |
| Capital spending | −CN¥3.0m | −CN¥107.0m | −CN¥57.0m | −CN¥50.0m | −CN¥95.0m | −CN¥51.0m | −CN¥48.0m | −CN¥48.0m |
| Free cash flow | — | — | — | −CN¥59.0m | −CN¥232.0m | −CN¥220.0m | — | −CN¥103.0m |
| Total assets | CN¥4.05bn | CN¥3.75bn | CN¥3.47bn | CN¥3.39bn | CN¥3.27bn | CN¥3.05bn | CN¥2.88bn | CN¥2.72bn |
| Cash and short-term investments | — | — | — | CN¥463.6m | CN¥486.6m | CN¥520.2m | CN¥617.6m | CN¥688.6m |
| Debt | CN¥555.8m | CN¥290.8m | CN¥240.8m | CN¥731.3m | CN¥796.0m | CN¥597.2m | CN¥440.1m | CN¥427.2m |
| Shareholders' equity | CN¥1.71bn | CN¥1.77bn | CN¥1.77bn | CN¥1.80bn | CN¥1.81bn | CN¥1.83bn | CN¥1.83bn | CN¥1.84bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -4.2% | -1.7% | 2.9% | -24.4% | 1.6% | 10.8% |
| Net margin | -3.2% | -1.7% | 2.7% | -19.5% | 1.1% | 8.5% |
| Return on equity | -3.2% | -1.4% | 2.2% | -4.7% | 0.5% | 39.0% |
| Return on assets | -1.6% | -0.9% | 1.6% | -4.1% | 0.5% | 14.6% |
| Free cash flow yield | -17.1% | -1.2% | -9.6% | 5.4% | 17.3% | -18.4% |
| Revenue growth | 12.9% | 1.4% | 245.1% | -53.5% | -62.7% | 157.4% |
| Earnings growth | 114.4% | -161.9% | -148.5% | -938.4% | -95.2% | 152.3% |
| Current ratio | 1.26x | 1.85x | 2.74x | 7.35x | 8.33x | 1.50x |
| Debt to equity | 0.14x | 0.24x | 0.12x | 0.01x | 0.06x | 0.76x |
| Equity ratio | 51.0% | 63.5% | 71.2% | 87.3% | 86.5% | 37.3% |
| Interest coverage | -3.64x | -2.10x | 6.65x | -24.85x | 1.03x | 9.64x |
| R&D as a share of sales | 7.5% | 6.7% | 5.3% | 19.8% | 8.4% | 2.7% |
| Buybacks as a share of market value | -1.9% | 35.9% | -61.1% | -1.2% | -31.4% | -79.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.0% | -7.3% | 27.4% |
| Operating income | -15.3% | — | 10.8% |
| Net income | -13.6% | — | 11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.0% | -3.5% | 1.2% | 0.7% |
| Net margin | -2.5% | -2.4% | 1.1% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -50.6 | -84.5 | 151.6 | -37.2 | 477.5 |
| Price to sales | 1.6 | 1.4 | 4.2 | 7.3 | 5.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.214 |
- 7-for-5 split · 18 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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