S 
14.34
-1.51%
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¥771.1m
FY2016FY2025
Net income
−CN¥89.3m
FY2016FY2025
Free cash flow
−CN¥51.4m
FY2016FY2025
Shareholders' equity
CN¥233.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥771.1m | CN¥1.09bn | CN¥1.27bn | CN¥895.9m | CN¥1.19bn | CN¥826.5m | CN¥694.1m | CN¥508.0m | CN¥357.5m | CN¥317.1m |
| Research and development | CN¥57.3m | CN¥58.3m | CN¥58.5m | CN¥57.3m | CN¥47.2m | CN¥36.9m | CN¥40.7m | CN¥25.6m | CN¥18.7m | — |
| Operating income | −CN¥98.5m | CN¥21.1m | −CN¥40.1m | −CN¥147.2m | CN¥107.6m | CN¥83.9m | CN¥63.2m | CN¥56.0m | CN¥22.6m | CN¥482,786 |
| Net income | −CN¥89.3m | CN¥10.3m | −CN¥50.9m | −CN¥124.0m | CN¥91.9m | CN¥70.7m | CN¥54.6m | CN¥45.2m | CN¥20.9m | CN¥10.8m |
| Diluted earnings per share | -1.10 | 0.11 | -0.63 | -1.47 | 1.05 | 1.09 | 0.67 | 0.55 | 0.26 | 0.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥617.1m | CN¥811.4m | CN¥748.6m | CN¥799.0m | CN¥960.9m | CN¥476.2m | CN¥373.4m | CN¥266.3m | CN¥163.7m | CN¥162.5m |
| Cash and short-term investments | — | CN¥393.5m | CN¥316.9m | CN¥338.4m | CN¥391.5m | CN¥139.3m | CN¥84.9m | CN¥78.0m | CN¥35.0m | CN¥25.1m |
| Total liabilities | CN¥382.6m | CN¥441.3m | CN¥343.7m | CN¥326.9m | CN¥305.9m | CN¥242.3m | CN¥210.5m | CN¥149.8m | CN¥116.3m | CN¥115.9m |
| Debt | CN¥33.8m | CN¥181.3m | CN¥109.3m | CN¥177.0m | CN¥110.8m | CN¥45.0m | CN¥26.5m | CN¥18.6m | CN¥20.0m | CN¥24.2m |
| Shareholders' equity | CN¥233.2m | CN¥370.0m | CN¥404.7m | CN¥472.5m | CN¥655.3m | CN¥234.5m | CN¥163.2m | CN¥116.5m | CN¥47.3m | CN¥38.2m |
| Shares outstanding | 82m | 96m | 81m | 85m | 87m | 65m | 82m | 82m | 82m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥30.4m | CN¥83.5m | CN¥81.7m | −CN¥2.2m | CN¥86.9m | CN¥68.2m | CN¥39.0m | CN¥38.1m | CN¥19.7m | CN¥33.6m |
| Capital spending | −CN¥21.0m | −CN¥18.5m | −CN¥23.3m | −CN¥19.3m | −CN¥27.4m | −CN¥19.2m | −CN¥22.6m | −CN¥15.4m | −CN¥7.7m | −CN¥12.8m |
| Free cash flow | −CN¥51.4m | CN¥65.1m | CN¥58.4m | −CN¥21.5m | CN¥59.5m | CN¥49.0m | CN¥16.3m | CN¥22.6m | CN¥12.0m | CN¥20.8m |
| Dividends paid | −CN¥4.9m | −CN¥5.4m | −CN¥2.9m | −CN¥37.0m | −CN¥30.0m | −CN¥1.5m | −CN¥22.1m | −CN¥5.7m | −CN¥1.3m | −CN¥6.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥170.5m | CN¥195.5m | CN¥219.6m | CN¥166.6m | CN¥187.9m | CN¥197.0m | CN¥248.6m | CN¥233.0m |
| Operating income | −CN¥27.3m | −CN¥5.6m | −CN¥32.7m | −CN¥29.4m | −CN¥32.8m | −CN¥1.5m | −CN¥2.1m | −CN¥14.6m |
| Net income | −CN¥35.5m | −CN¥11.6m | −CN¥23.7m | −CN¥29.5m | −CN¥34.3m | −CN¥1.8m | −CN¥2.8m | −CN¥13.0m |
| Diluted earnings per share | -0.44 | -0.14 | -0.29 | -0.36 | -0.42 | -0.02 | -0.03 | -0.14 |
| Cash from operations | — | — | — | −CN¥8.0m | CN¥40.0m | −CN¥61.0m | — | −CN¥39.0m |
| Capital spending | −CN¥4.0m | −CN¥1.0m | −CN¥10.0m | — | −CN¥5.0m | −CN¥4.0m | −CN¥6.0m | — |
| Free cash flow | — | — | — | — | CN¥35.0m | −CN¥65.0m | — | — |
| Total assets | CN¥436.0m | CN¥536.2m | CN¥617.1m | CN¥675.9m | CN¥663.7m | CN¥620.2m | CN¥811.4m | CN¥734.6m |
| Cash and short-term investments | — | — | — | CN¥328.4m | CN¥316.5m | CN¥263.4m | CN¥393.5m | CN¥335.6m |
| Debt | CN¥33.1m | CN¥35.3m | CN¥33.8m | CN¥211.2m | CN¥186.0m | CN¥89.8m | CN¥165.1m | CN¥151.1m |
| Shareholders' equity | CN¥186.2m | CN¥222.9m | CN¥233.2m | CN¥276.6m | CN¥301.8m | CN¥372.2m | CN¥370.0m | CN¥378.6m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -12.8% | 1.9% | -3.0% | -15.6% | 9.0% | 10.1% |
| Net margin | -11.6% | 0.9% | -4.0% | -13.8% | 7.7% | 8.6% |
| Return on equity | -38.3% | 2.8% | -12.6% | -26.2% | 14.0% | 30.2% |
| Return on assets | -14.5% | 1.3% | -6.8% | -15.5% | 9.6% | 14.8% |
| Free cash flow yield | -0.8% | 7.5% | 9.1% | 1.4% | 9.2% | 9.5% |
| Revenue growth | -28.9% | -14.9% | 42.3% | -24.7% | 43.9% | 19.1% |
| Earnings growth | -970.9% | -120.2% | -59.0% | -235.0% | 29.9% | 29.6% |
| Current ratio | 1.42x | 1.55x | 1.89x | 2.25x | 3.01x | 1.81x |
| Debt to equity | 0.15x | 0.45x | 0.21x | 0.19x | 0.02x | 0.19x |
| Equity ratio | 37.8% | 45.6% | 54.1% | 59.1% | 68.2% | 49.2% |
| Interest coverage | -13.10x | 2.28x | -6.93x | -17.18x | 11.90x | 36.44x |
| R&D as a share of sales | 7.4% | 5.4% | 4.6% | 6.4% | 4.0% | 4.5% |
| Buybacks as a share of market value | 15.2% | -18.4% | 3.9% | 3.1% | -34.4% | -302.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.9% | -1.4% | 9.4% |
| Operating income | -12.5% | — | 26.9% |
| Net income | -10.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.2% | -6.6% | -1.2% | 0.7% |
| Net margin | -4.3% | -6.3% | -1.5% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -19.9 | 279.5 | -53.7 | -23.9 | 70.9 |
| Price to sales | 2.3 | 2.6 | 2.1 | 3.3 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.429 | 0.347 |
- 7-for-5 split · 12 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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