S 
1.99
-2.93%
Close of 9 Nov 2026, in USD
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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¥1.48bn
FY2016FY2025
Net income
−CN¥235.7m
FY2016FY2025
Free cash flow
−CN¥302.0m
FY2016FY2025
Shareholders' equity
CN¥1.55bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.48bn | CN¥1.47bn | CN¥1.50bn | CN¥1.26bn | CN¥1.69bn | CN¥1.29bn | CN¥1.15bn | CN¥617.2m | CN¥259.3m | CN¥49.1m |
| Research and development | CN¥133.3m | CN¥165.0m | CN¥203.5m | CN¥235.1m | CN¥286.6m | CN¥229.2m | CN¥177.3m | CN¥94.7m | CN¥32.6m | CN¥17.9m |
| Operating income | −CN¥259.2m | −CN¥624.5m | −CN¥61.0m | −CN¥102.8m | −CN¥32.6m | −CN¥56.7m | CN¥145.2m | CN¥49.1m | CN¥24.8m | −CN¥74.3m |
| Net income | −CN¥235.7m | −CN¥589.5m | CN¥21.3m | −CN¥65.6m | −CN¥8.4m | CN¥5.8m | CN¥176.7m | CN¥55.1m | CN¥17.2m | −CN¥81.0m |
| Diluted earnings per share | -1.80 | -5.75 | 0.21 | -0.61 | -0.08 | 0.05 | 1.64 | 1.22 | 0.38 | -0.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.65bn | CN¥2.74bn | CN¥3.21bn | CN¥3.20bn | CN¥3.33bn | CN¥3.29bn | CN¥3.23bn | CN¥1.34bn | CN¥568.4m | CN¥150.1m |
| Cash and short-term investments | CN¥937.0m | CN¥1.19bn | CN¥1.33bn | CN¥1.57bn | CN¥1.74bn | CN¥2.65bn | CN¥2.83bn | CN¥1.21bn | CN¥522.1m | CN¥111.0m |
| Total liabilities | CN¥981.4m | CN¥776.4m | CN¥653.3m | CN¥590.0m | CN¥813.3m | CN¥672.4m | CN¥587.3m | CN¥302.2m | CN¥140.9m | CN¥54.9m |
| Debt | CN¥299.9m | CN¥239.9m | CN¥145.8m | CN¥71.3m | CN¥105.9m | CN¥132.5m | CN¥158.6m | — | — | — |
| Shareholders' equity | CN¥1.55bn | CN¥1.84bn | CN¥2.44bn | CN¥2.50bn | CN¥2.45bn | CN¥2.60bn | CN¥2.64bn | CN¥1.04bn | −CN¥167.0m | CN¥95.3m |
| Shares outstanding | 131m | 103m | 100m | 108m | 106m | 109m | 108m | 45m | 45m | 131m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥105.4m | −CN¥25.6m | CN¥22.5m | −CN¥112.9m | CN¥84.3m | CN¥179.2m | CN¥383.8m | CN¥199.0m | CN¥90.9m | −CN¥40.8m |
| Capital spending | −CN¥196.6m | −CN¥62.5m | −CN¥51.2m | −CN¥15.7m | −CN¥45.1m | −CN¥37.0m | −CN¥37.5m | −CN¥6.4m | −CN¥222,000 | −CN¥891,000 |
| Free cash flow | −CN¥302.0m | −CN¥88.2m | −CN¥28.7m | −CN¥128.6m | CN¥39.2m | CN¥142.2m | CN¥346.3m | CN¥192.6m | CN¥90.7m | −CN¥41.6m |
| Dividends paid | −CN¥19.0m | −CN¥43.6m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥503.8m | CN¥430.2m | CN¥454.4m | CN¥386.7m | CN¥378.7m | CN¥297.3m | CN¥369.2m | CN¥371.8m |
| Operating income | −CN¥43.5m | −CN¥57.5m | −CN¥101.8m | −CN¥72.7m | −CN¥47.1m | −CN¥43.4m | −CN¥599.1m | CN¥4.7m |
| Net income | −CN¥22.6m | −CN¥48.9m | −CN¥107.3m | −CN¥64.3m | −CN¥36.0m | −CN¥33.1m | −CN¥607.6m | CN¥20.3m |
| Diluted earnings per share | -0.17 | -0.37 | -0.82 | -0.49 | -0.27 | -0.25 | -5.92 | 0.20 |
| Cash from operations | — | −CN¥105.0m | — | — | — | — | — | — |
| Capital spending | — | −CN¥196.0m | — | — | — | — | — | — |
| Free cash flow | — | −CN¥301.0m | — | — | — | — | — | — |
| Total assets | CN¥2.68bn | CN¥2.65bn | CN¥2.65bn | CN¥2.64bn | CN¥2.65bn | CN¥2.64bn | CN¥2.74bn | CN¥3.30bn |
| Cash and short-term investments | CN¥848.5m | CN¥876.7m | CN¥937.0m | CN¥875.2m | CN¥913.6m | CN¥1.02bn | — | CN¥1.15bn |
| Debt | CN¥194.8m | CN¥198.1m | CN¥116.4m | CN¥105.6m | CN¥118.5m | CN¥111.6m | — | CN¥130.0m |
| Shareholders' equity | CN¥1.46bn | CN¥1.49bn | CN¥1.55bn | CN¥1.67bn | CN¥1.74bn | CN¥1.78bn | CN¥1.84bn | CN¥2.43bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -16.2% | -5.8% | 0.5% | -6.9% | 2.0% | -4.4% | — |
| Net margin | -15.9% | -40.2% | 1.4% | -5.2% | -0.5% | 0.4% | — |
| Return on equity | -15.2% | -32.1% | 0.9% | -2.6% | -0.3% | 0.2% | — |
| Return on assets | -8.9% | -21.6% | 0.7% | -2.0% | -0.3% | 0.2% | — |
| Free cash flow yield | 34.6% | 17.9% | 36.6% | -44.8% | 60.9% | 98.3% | — |
| Revenue growth | 1.0% | -2.1% | 19.1% | -25.7% | 30.7% | 12.4% | — |
| Earnings growth | -60.0% | -2870.3% | -132.5% | 683.1% | -244.2% | -96.7% | — |
| Current ratio | 1.89x | 2.74x | 3.19x | 3.56x | 2.85x | 4.90x | — |
| Debt to equity | 0.07x | 0.06x | 0.02x | 0.02x | 0.02x | 0.02x | — |
| Equity ratio | 58.6% | 67.2% | 76.0% | 78.1% | 73.5% | 78.9% | — |
| Interest coverage | — | — | — | -3.01x | 0.48x | -0.67x | 1.63x |
| R&D as a share of sales | 9.0% | 11.3% | 13.6% | 18.7% | 16.9% | 17.7% | — |
| Buybacks as a share of market value | -27.8% | -2.5% | 7.3% | -2.2% | 3.3% | -1.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 2.7% | — |
| Operating income | 36.1% | 35.5% | — |
| Net income | 53.2% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -9.7 | -1.0 |
| Price to sales | 1.5 | 0.4 |
Market value over time
31 May 2019 to 29 Oct 2026, in CNY
CN¥579.6mCN¥264.2m
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 261% | -34% |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 8 Apr 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.027 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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