F 
2.18
-1.36%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥8.00bn
FY2016FY2025
Net income
−CN¥5.38bn
FY2016FY2025
Free cash flow
CN¥2.00bn
FY2016FY2025
Shareholders' equity
CN¥19.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.00bn | CN¥19.07bn | CN¥12.57bn | CN¥20.51bn | CN¥24.16bn | CN¥18.12bn | CN¥26.18bn | CN¥22.11bn | CN¥25.52bn | CN¥19.85bn |
| Operating income | −CN¥546.1m | −CN¥11.04bn | −CN¥2.56bn | CN¥959.0m | CN¥2.67bn | CN¥3.36bn | CN¥5.76bn | CN¥5.38bn | CN¥5.53bn | CN¥4.20bn |
| Net income | −CN¥5.38bn | −CN¥11.08bn | −CN¥1.95bn | CN¥846.4m | CN¥1.64bn | CN¥2.50bn | CN¥3.44bn | CN¥3.27bn | CN¥3.01bn | CN¥2.80bn |
| Diluted earnings per share | -1.80 | -3.74 | -0.65 | 0.28 | 0.54 | 0.84 | 1.17 | 1.11 | 0.94 | 1.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥115.18bn | CN¥121.63bn | CN¥144.37bn | CN¥153.04bn | CN¥164.78bn | CN¥169.21bn | CN¥161.99bn | CN¥148.53bn | CN¥125.22bn | CN¥112.84bn |
| Cash and short-term investments | — | CN¥12.81bn | CN¥13.80bn | CN¥16.88bn | CN¥17.85bn | CN¥18.82bn | CN¥11.03bn | CN¥11.96bn | CN¥11.55bn | CN¥13.34bn |
| Total liabilities | CN¥93.87bn | CN¥94.03bn | CN¥104.16bn | CN¥110.62bn | CN¥122.18bn | CN¥129.40bn | CN¥123.01bn | CN¥111.33bn | CN¥91.51bn | CN¥81.70bn |
| Debt | CN¥73.14bn | CN¥66.09bn | CN¥70.68bn | CN¥78.64bn | CN¥80.25bn | CN¥87.45bn | CN¥84.65bn | CN¥80.50bn | CN¥62.39bn | CN¥50.54bn |
| Shareholders' equity | CN¥19.51bn | CN¥24.88bn | CN¥35.94bn | CN¥37.93bn | CN¥37.12bn | CN¥36.39bn | CN¥34.71bn | CN¥31.96bn | CN¥29.56bn | CN¥27.74bn |
| Shares outstanding | 2,989m | 2,962m | 2,989m | 2,989m | 3,014m | 2,992m | 2,934m | 2,932m | 3,188m | 2,261m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.03bn | CN¥6.00bn | CN¥6.06bn | CN¥5.61bn | CN¥3.89bn | CN¥9.89bn | CN¥2.66bn | −CN¥9.03bn | −CN¥7.25bn | CN¥17.09bn |
| Capital spending | −CN¥28.9m | −CN¥27.4m | −CN¥56.6m | −CN¥105.2m | −CN¥64.0m | −CN¥52.6m | −CN¥94.9m | −CN¥92.9m | −CN¥80.0m | −CN¥67.8m |
| Free cash flow | CN¥2.00bn | CN¥5.97bn | CN¥6.00bn | CN¥5.51bn | CN¥3.83bn | CN¥9.84bn | CN¥2.57bn | −CN¥9.12bn | −CN¥7.33bn | CN¥17.02bn |
| Dividends paid | −CN¥2.33bn | −CN¥2.77bn | −CN¥3.12bn | −CN¥89.7m | −CN¥896.7m | −CN¥896.7m | −CN¥896.7m | −CN¥4.78bn | −CN¥3.83bn | −CN¥4.14bn |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.10bn | CN¥1.85bn | CN¥2.76bn | CN¥1.71bn | CN¥1.63bn | CN¥2.07bn | CN¥2.59bn | CN¥7.39bn |
| Operating income | CN¥144.8m | CN¥61.5m | CN¥683.7m | −CN¥467.4m | CN¥48.5m | −CN¥765.6m | −CN¥520.1m | −CN¥8.27bn |
| Net income | −CN¥254.0m | −CN¥431.5m | CN¥345.0m | −CN¥4.03bn | −CN¥341.7m | −CN¥626.2m | −CN¥381.7m | −CN¥8.47bn |
| Diluted earnings per share | -0.08 | -0.14 | 0.12 | -1.35 | -0.11 | -0.21 | -0.13 | -2.86 |
| Cash from operations | — | — | — | — | CN¥385.0m | CN¥651.0m | CN¥954.0m | — |
| Capital spending | −CN¥5.0m | −CN¥22.0m | −CN¥12.0m | −CN¥20.0m | — | −CN¥4.0m | −CN¥2.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | — | CN¥647.0m | CN¥952.0m | — |
| Total assets | CN¥104.00bn | CN¥110.60bn | CN¥103.89bn | CN¥115.18bn | CN¥113.75bn | CN¥115.35bn | CN¥119.05bn | CN¥121.63bn |
| Cash and short-term investments | — | — | — | — | CN¥10.13bn | CN¥10.64bn | CN¥12.49bn | CN¥12.81bn |
| Debt | CN¥63.71bn | CN¥68.88bn | CN¥64.70bn | CN¥73.14bn | CN¥2.16bn | CN¥65.73bn | CN¥66.67bn | CN¥66.02bn |
| Shareholders' equity | CN¥21.17bn | CN¥21.42bn | CN¥19.85bn | CN¥19.51bn | CN¥23.54bn | CN¥23.89bn | CN¥24.50bn | CN¥24.88bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -38.3% | -31.2% | -7.8% | 5.0% | 8.7% | 13.8% |
| Net margin | -67.3% | -58.1% | -15.5% | 4.1% | 6.8% | 13.8% |
| Return on equity | -27.6% | -44.5% | -5.4% | 2.2% | 4.4% | 6.9% |
| Return on assets | -4.7% | -9.1% | -1.3% | 0.6% | 1.0% | 1.5% |
| Free cash flow yield | 25.8% | 76.2% | 76.6% | 71.6% | 49.2% | 124.5% |
| Revenue growth | -58.1% | 51.7% | -38.7% | -15.1% | 33.3% | -30.8% |
| Earnings growth | -51.4% | 469.7% | -329.9% | -48.5% | -34.2% | -27.4% |
| Current ratio | 4.15x | 3.04x | 3.18x | 2.45x | 2.25x | 2.24x |
| Debt to equity | 3.75x | 2.81x | 2.01x | 2.07x | 1.82x | 2.40x |
| Equity ratio | 16.9% | 20.5% | 24.9% | 24.8% | 22.5% | 21.5% |
| Interest coverage | -1.46x | -2.67x | -0.40x | 0.47x | 1.01x | 1.18x |
| Buybacks as a share of market value | -0.9% | 0.9% | 0.0% | 0.8% | -0.7% | -2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.9% | -15.1% | -6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -42.8% | -21.9% | -7.0% | 8.0% |
| Net margin | -60.8% | -29.2% | -13.1% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.5 | -0.9 | -5.6 | 18.5 | 10.4 | 7.7 | 6.9 | 5.8 | 11.8 | 8.3 |
| Price to sales | 1.0 | 0.5 | 0.9 | 0.8 | 0.7 | 1.1 | 0.9 | 0.8 | 1.4 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jul 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.03 | 0.30 | 0.30 | 0.30 | 0.30 | 0.40 | 0.40 |
- 1.22-for-1 split · 6 Jul 2010
- 9-for-5 split · 16 May 2008
- 7-for-5 split · 5 Apr 2006
- 3-for-2 split · 27 Apr 2005
- 13-for-10 split · 23 Feb 2004
- 2-for-1 split · 16 Apr 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.