H 
3.13
+0.32%
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¥755.4m
FY2016FY2025
Net income
−CN¥10.7m
FY2016FY2025
Free cash flow
−CN¥44.4m
FY2016FY2025
Shareholders' equity
CN¥123.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥755.4m | CN¥1.03bn | CN¥740.7m | CN¥883.8m | CN¥294.6m | CN¥50.1m | CN¥70.1m | CN¥1.21bn | CN¥2.24bn | CN¥78.8m |
| Research and development | CN¥7.8m | CN¥9.8m | CN¥11.2m | CN¥12.5m | CN¥10.4m | — | — | — | — | — |
| Operating income | CN¥9.8m | −CN¥11.7m | −CN¥21.7m | CN¥18.2m | −CN¥7.8m | CN¥13.4m | CN¥1.7m | −CN¥38.7m | CN¥6.0m | −CN¥15.2m |
| Net income | −CN¥10.7m | −CN¥13.9m | CN¥12.6m | CN¥6.6m | −CN¥1.6m | CN¥13.1m | −CN¥123.5m | −CN¥53.7m | CN¥12.5m | −CN¥71.4m |
| Diluted earnings per share | -0.01 | -0.01 | 0.01 | 0.01 | -0.00 | 0.01 | -0.15 | -0.06 | 0.01 | -0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥935.4m | CN¥823.3m | CN¥752.5m | CN¥612.1m | CN¥574.9m | CN¥272.5m | CN¥156.9m | CN¥206.9m | CN¥304.7m | CN¥341.5m |
| Cash and short-term investments | CN¥121.5m | CN¥99.8m | CN¥95.7m | CN¥36.6m | CN¥50.0m | CN¥175.3m | CN¥54.4m | CN¥32.3m | CN¥62.6m | CN¥70.5m |
| Total liabilities | CN¥728.8m | CN¥621.5m | CN¥525.6m | CN¥391.7m | CN¥356.5m | CN¥122.8m | CN¥253.9m | CN¥191.8m | CN¥270.6m | CN¥319.0m |
| Debt | CN¥527.1m | CN¥176.0m | CN¥156.6m | CN¥79.3m | CN¥40.7m | CN¥17.0m | CN¥13,654 | CN¥942,070 | CN¥54.4m | CN¥3.2m |
| Shareholders' equity | CN¥123.4m | CN¥134.1m | CN¥148.1m | CN¥135.4m | CN¥138.2m | CN¥148.1m | −CN¥97.9m | CN¥10.5m | CN¥47.9m | CN¥36.2m |
| Shares outstanding | 1,073m | 1,070m | 1,056m | 1,179m | 1,013m | 1,842m | 829m | 833m | 834m | 826m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥5.8m | CN¥55.0m | CN¥12.5m | CN¥17.7m | −CN¥141.6m | −CN¥95.3m | −CN¥6.4m | −CN¥92.0m | −CN¥47.8m | −CN¥69.4m |
| Capital spending | −CN¥38.5m | −CN¥14.7m | −CN¥22.4m | −CN¥18.1m | −CN¥120,166 | −CN¥867,879 | −CN¥830,597 | −CN¥1.3m | −CN¥44,517 | −CN¥712,971 |
| Free cash flow | −CN¥44.4m | CN¥40.4m | −CN¥9.9m | −CN¥428,394 | −CN¥141.7m | −CN¥96.2m | −CN¥7.2m | −CN¥93.3m | −CN¥47.9m | −CN¥70.1m |
| Dividends paid | −CN¥6.4m | −CN¥6.2m | −CN¥5.8m | −CN¥3.2m | −CN¥2.1m | −CN¥4.9m | −CN¥2.1m | −CN¥2.1m | −CN¥413,466 | −CN¥587,000 |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥172.5m | CN¥211.2m | CN¥149.6m | CN¥165.8m | CN¥177.5m | CN¥220.8m | CN¥190.1m | CN¥316.9m |
| Operating income | −CN¥9.9m | −CN¥12.4m | CN¥8.3m | CN¥6.1m | −CN¥9.0m | −CN¥3.4m | CN¥3.7m | CN¥2.5m |
| Net income | −CN¥9.6m | −CN¥15.2m | −CN¥2.5m | −CN¥851,523 | −CN¥7.1m | −CN¥3.5m | CN¥827,707 | −CN¥1.6m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.00 | -0.01 | -0.00 | 0.00 | -0.00 |
| Cash from operations | — | — | — | — | −CN¥44.0m | CN¥1.0m | CN¥43.0m | — |
| Capital spending | −CN¥1.0m | — | −CN¥5.0m | −CN¥3.0m | −CN¥12.0m | −CN¥20.0m | −CN¥2.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | −CN¥56.0m | −CN¥19.0m | CN¥41.0m | — |
| Total assets | CN¥1.11bn | CN¥997.5m | CN¥889.9m | CN¥935.4m | CN¥871.4m | CN¥838.0m | CN¥853.0m | CN¥823.3m |
| Cash and short-term investments | — | — | — | CN¥121.5m | CN¥102.9m | CN¥109.1m | CN¥142.9m | CN¥99.8m |
| Debt | CN¥8.8m | CN¥8.8m | CN¥9.5m | CN¥314.0m | CN¥275.8m | CN¥165.2m | CN¥175.2m | CN¥173.2m |
| Shareholders' equity | CN¥96.2m | CN¥105.8m | CN¥120.9m | CN¥123.4m | CN¥124.3m | CN¥131.4m | CN¥135.0m | CN¥134.1m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 0.7% | 0.1% | 4.5% | 3.1% | 1.8% | 31.4% | — | — | — |
| Net margin | -1.4% | -1.3% | 1.7% | 0.7% | -0.6% | 26.2% | — | — | — |
| Return on equity | -8.7% | -10.4% | 8.5% | 4.9% | -1.2% | 8.9% | — | — | — |
| Return on assets | -1.1% | -1.7% | 1.7% | 1.1% | -0.3% | 4.8% | — | — | — |
| Free cash flow yield | — | 1.6% | — | — | — | — | -3.4% | -1.8% | — |
| Revenue growth | -26.8% | 39.4% | -16.2% | 200.0% | 488.2% | -28.6% | — | — | — |
| Earnings growth | -23.1% | -210.4% | 91.2% | -502.0% | -112.5% | -110.6% | — | — | — |
| Current ratio | 1.29x | 1.17x | 1.07x | 1.05x | 1.09x | 1.82x | — | — | — |
| Debt to equity | 2.54x | 1.29x | 1.05x | 0.57x | 0.21x | 0.02x | — | — | — |
| Equity ratio | 13.2% | 16.3% | 19.7% | 22.1% | 24.0% | 54.4% | — | — | — |
| Interest coverage | 0.38x | 0.10x | 2.68x | 2.38x | 2.33x | 61.37x | — | — | — |
| R&D as a share of sales | 1.0% | 1.0% | 1.5% | 1.4% | 3.5% | — | — | — | 0.3% |
| Buybacks as a share of market value | -0.3% | -1.3% | 10.4% | -16.4% | 45.0% | -122.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.1% | 72.1% | 15.6% |
| Operating income | -18.8% | -6.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.1% | -0.2% | 0.0% | -0.8% |
| Net margin | -1.4% | -0.2% | 0.2% | -2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -347.8 | -255.7 | 335.7 | — | -1796.2 | 376.9 | -16.1 | -41.9 | 408.1 | -92.2 |
| Price to sales | 4.9 | 3.5 | 5.7 | 5.1 | 10.0 | 98.9 | 28.4 | 1.9 | 2.3 | 83.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 May 2001.
| FY2001 | FY1995 | FY1994 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.20 | 0.30 |
- 1-to-1 reverse split · 9 Jan 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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