P 
3.12
-10.09%
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¥754.5m
FY2016FY2025
Net income
−CN¥43.9m
FY2016FY2025
Free cash flow
CN¥32.3m
FY2016FY2025
Shareholders' equity
CN¥417.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥754.5m | CN¥887.7m | CN¥1.01bn | CN¥1.04bn | CN¥934.9m | CN¥715.1m | CN¥792.4m | CN¥840.5m | CN¥832.4m | CN¥712.1m |
| Gross profit | CN¥46.6m | −CN¥6.1m | CN¥20.6m | CN¥93.5m | CN¥202.0m | CN¥83.7m | CN¥97.7m | CN¥162.0m | CN¥136.8m | CN¥134.7m |
| Operating income | CN¥52.3m | −CN¥87.2m | −CN¥17.3m | CN¥39.2m | CN¥127.5m | CN¥15.4m | CN¥29.7m | CN¥75.9m | CN¥49.5m | CN¥17.7m |
| Net income | −CN¥43.9m | −CN¥82.7m | −CN¥8.7m | CN¥36.2m | CN¥96.2m | CN¥10.5m | CN¥32.1m | CN¥61.2m | CN¥50.8m | CN¥9.7m |
| Diluted earnings per share | -0.04 | -0.08 | -0.01 | 0.04 | 0.09 | 0.01 | 0.03 | 0.06 | 0.05 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥690.9m | CN¥661.4m | CN¥742.2m | CN¥772.9m | CN¥805.5m | CN¥633.6m | CN¥622.5m | CN¥629.2m | CN¥521.0m | CN¥527.8m |
| Cash and short-term investments | — | CN¥106.4m | CN¥90.1m | CN¥169.6m | CN¥89.3m | CN¥87.3m | CN¥126.6m | CN¥128.6m | CN¥188.8m | CN¥109.9m |
| Total liabilities | CN¥273.0m | CN¥202.6m | CN¥197.9m | CN¥219.2m | CN¥287.2m | CN¥212.7m | CN¥213.6m | CN¥251.3m | CN¥203.8m | CN¥262.0m |
| Debt | — | CN¥32.5m | CN¥48.6m | CN¥56.2m | CN¥38.4m | CN¥27.2m | CN¥20.8m | — | — | CN¥1.4m |
| Shareholders' equity | CN¥417.9m | CN¥458.8m | CN¥544.3m | CN¥553.7m | CN¥518.3m | CN¥420.9m | CN¥408.9m | CN¥377.9m | CN¥317.1m | CN¥265.8m |
| Shares outstanding | 1,012m | 1,007m | 1,012m | 1,011m | 1,014m | 1,015m | 1,015m | 1,011m | 1,016m | 1,010m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥35.6m | CN¥40.7m | −CN¥51.9m | CN¥90.1m | CN¥90.6m | CN¥27.7m | CN¥52.2m | CN¥186.6m | CN¥54.6m | −CN¥9.5m |
| Capital spending | −CN¥3.3m | −CN¥6.3m | −CN¥1.3m | −CN¥314,375 | −CN¥117.8m | −CN¥112.2m | −CN¥79.8m | −CN¥301.8m | −CN¥2.0m | −CN¥121,545 |
| Free cash flow | CN¥32.3m | CN¥34.4m | −CN¥53.2m | CN¥89.8m | −CN¥27.1m | −CN¥84.5m | −CN¥27.6m | −CN¥115.1m | CN¥52.6m | −CN¥9.6m |
| Dividends paid | −CN¥318,639 | −CN¥512,044 | −CN¥1.4m | −CN¥1.3m | −CN¥1.5m | −CN¥219,605 | −CN¥219,604 | −CN¥219,604 | −CN¥219,604 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥429.0m | CN¥243.6m | CN¥206.0m | CN¥204.4m | CN¥179.0m | CN¥164.7m | CN¥132.2m | CN¥258.4m |
| Gross profit | CN¥36.1m | CN¥10.7m | CN¥14.3m | CN¥15.6m | CN¥12.5m | CN¥3.9m | −CN¥3.4m | −CN¥6.1m |
| Operating income | CN¥31.2m | CN¥3.9m | CN¥43.1m | CN¥7.5m | CN¥4.2m | −CN¥2.9m | −CN¥20.8m | −CN¥11.3m |
| Net income | CN¥26.6m | CN¥3.3m | CN¥11.7m | −CN¥56.8m | CN¥3.7m | −CN¥2.5m | −CN¥60.6m | −CN¥7.2m |
| Diluted earnings per share | 0.03 | 0.00 | 0.01 | -0.06 | 0.00 | -0.00 | -0.06 | -0.01 |
| Cash from operations | — | — | — | −CN¥3.0m | CN¥23.0m | −CN¥24.0m | — | CN¥39.0m |
| Capital spending | −CN¥109.0m | — | — | — | −CN¥1.0m | −CN¥2.0m | −CN¥4.0m | −CN¥1.0m |
| Free cash flow | — | — | — | — | CN¥22.0m | −CN¥26.0m | — | CN¥38.0m |
| Total assets | CN¥826.6m | CN¥695.8m | CN¥690.9m | CN¥631.2m | CN¥681.3m | CN¥672.7m | CN¥661.4m | CN¥722.1m |
| Cash and short-term investments | — | — | — | CN¥182.0m | CN¥139.5m | CN¥101.2m | CN¥106.4m | CN¥91.6m |
| Debt | — | — | — | CN¥30.6m | CN¥39.1m | CN¥35.1m | CN¥14.1m | — |
| Shareholders' equity | CN¥447.2m | CN¥421.1m | CN¥417.9m | CN¥402.8m | CN¥459.9m | CN¥456.4m | CN¥458.8m | CN¥522.3m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 6.2% | -0.7% | 2.0% | 9.0% | 21.6% | 11.7% | — |
| Operating margin | -5.5% | -5.2% | -1.7% | 3.8% | 13.8% | 2.5% | — |
| Net margin | -5.8% | -9.3% | -0.9% | 3.5% | 10.3% | 1.5% | — |
| Return on equity | -10.5% | -18.0% | -1.6% | 6.5% | 18.6% | 2.5% | — |
| Return on assets | -6.4% | -12.5% | -1.2% | 4.7% | 11.9% | 1.7% | — |
| Free cash flow yield | 1.0% | 1.3% | -1.3% | 2.4% | 5.5% | 3.7% | — |
| Revenue growth | -15.0% | -12.2% | -2.9% | 11.5% | 30.7% | -9.8% | — |
| Earnings growth | -46.9% | 850.4% | -124.0% | -62.3% | 813.5% | -67.2% | — |
| Current ratio | 1.83x | 1.33x | 1.51x | 1.36x | 1.24x | 1.05x | — |
| Debt to equity | — | 0.03x | 0.04x | 0.07x | 0.04x | 0.06x | 0.05x |
| Equity ratio | 60.5% | 69.4% | 73.3% | 71.6% | 64.3% | 66.4% | — |
| Interest coverage | -23.23x | -23.44x | -7.07x | 8.73x | 34.52x | 9.76x | — |
| Buybacks as a share of market value | -0.5% | 0.5% | -0.1% | 0.3% | 0.1% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.2% | 1.1% | -0.2% |
| Operating income | 10.1% | 27.7% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.5% | 4.2% | 8.2% | 11.6% |
| Operating margin | -2.1% | -0.4% | 2.4% | 3.4% |
| Net margin | -7.7% | -2.7% | 0.1% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -111.7 | -57.0 | -322.1 | 91.0 | 36.2 | 327.7 | 133.2 | 47.6 | 80.3 | — |
| Price to sales | 6.5 | 5.3 | 2.8 | 3.2 | 3.7 | 4.8 | 5.4 | 3.5 | 4.9 | 11.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jun 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.028 | 0.162 | 0.032 | 0.14 | 0.06 | 0.10 | 0.08 | 0.08 |
- 1-to-1 reverse split · 31 Jul 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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