Y 
5.75
-2.21%
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¥318.4m
FY2016FY2025
Net income
−CN¥218.2m
FY2016FY2025
Free cash flow
CN¥160.1m
FY2016FY2025
Shareholders' equity
CN¥2.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥318.4m | CN¥367.7m | CN¥321.3m | CN¥381.2m | CN¥567.6m | CN¥570.2m | CN¥242.8m | CN¥288.8m | CN¥534.4m | CN¥639.6m |
| Research and development | — | — | — | CN¥1 | CN¥0 | CN¥0 | CN¥0 | CN¥1 | CN¥1 | CN¥1 |
| Operating income | −CN¥2.9m | −CN¥163.8m | −CN¥200.6m | CN¥133.1m | CN¥221.1m | CN¥249.4m | CN¥103.3m | CN¥314.8m | CN¥530.0m | −CN¥619.9m |
| Net income | −CN¥218.2m | −CN¥129.1m | −CN¥234.8m | −CN¥382.4m | CN¥64.3m | CN¥107.3m | −CN¥65.5m | CN¥84.7m | CN¥152.4m | −CN¥468.2m |
| Diluted earnings per share | -0.29 | -0.17 | -0.31 | -0.51 | 0.08 | 0.15 | -0.11 | 0.12 | 0.20 | -0.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.63bn | CN¥4.84bn | CN¥4.33bn | CN¥4.84bn | CN¥5.62bn | CN¥5.92bn | CN¥5.78bn | CN¥6.58bn | CN¥7.22bn | CN¥9.80bn |
| Cash and short-term investments | CN¥58.1m | CN¥79.0m | CN¥80.9m | CN¥53.2m | CN¥119.2m | CN¥230.5m | CN¥72.9m | CN¥197.5m | CN¥1.09bn | CN¥479.0m |
| Total liabilities | CN¥2.07bn | CN¥2.05bn | CN¥1.42bn | CN¥1.66bn | CN¥1.96bn | CN¥2.30bn | CN¥2.27bn | CN¥2.85bn | CN¥3.54bn | CN¥6.11bn |
| Debt | CN¥1.86bn | CN¥978.5m | CN¥390.4m | CN¥567.9m | CN¥873.3m | CN¥921.3m | CN¥1.34bn | CN¥1.95bn | CN¥2.45bn | CN¥4.16bn |
| Shareholders' equity | CN¥2.08bn | CN¥2.31bn | CN¥2.43bn | CN¥2.69bn | CN¥3.16bn | CN¥3.14bn | CN¥2.89bn | CN¥2.97bn | CN¥2.99bn | CN¥2.85bn |
| Shares outstanding | 750m | 750m | 750m | 750m | 815m | 731m | 618m | 719m | 749m | 741m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥164.8m | CN¥193.3m | CN¥70.9m | CN¥159.5m | CN¥214.3m | CN¥372.2m | CN¥164.5m | −CN¥9.4m | CN¥148.5m | CN¥175.9m |
| Capital spending | −CN¥4.7m | −CN¥13.4m | −CN¥1.7m | −CN¥1.4m | −CN¥3.9m | −CN¥541,508 | −CN¥55,000 | −CN¥614,000 | −CN¥24.1m | −CN¥9.4m |
| Free cash flow | CN¥160.1m | CN¥179.9m | CN¥69.2m | CN¥158.1m | CN¥210.3m | CN¥371.7m | CN¥164.5m | −CN¥10.0m | CN¥124.4m | CN¥166.6m |
| Dividends paid | −CN¥59.5m | −CN¥48.1m | −CN¥31.8m | −CN¥46.3m | −CN¥65.3m | −CN¥93.4m | −CN¥111.3m | −CN¥173.0m | −CN¥346.2m | −CN¥316.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥58.0m | CN¥62.2m | CN¥72.9m | CN¥110.7m | CN¥61.7m | CN¥73.1m | CN¥128.3m | CN¥176.2m |
| Operating income | CN¥4.7m | CN¥7.0m | −CN¥31.1m | −CN¥17.0m | −CN¥17.3m | −CN¥5.5m | −CN¥156.0m | −CN¥56,592 |
| Net income | −CN¥28.5m | −CN¥23.5m | −CN¥146.2m | −CN¥32.9m | −CN¥23.0m | −CN¥16.2m | −CN¥109.0m | −CN¥5.8m |
| Diluted earnings per share | -0.04 | -0.03 | -0.19 | -0.04 | -0.03 | -0.02 | -0.15 | -0.01 |
| Cash from operations | — | — | CN¥19.0m | CN¥100.0m | CN¥23.0m | CN¥21.0m | CN¥111.0m | CN¥46.0m |
| Capital spending | −CN¥74.0m | −CN¥1.0m | — | −CN¥1.0m | — | −CN¥2.0m | −CN¥3.0m | −CN¥1.0m |
| Free cash flow | — | — | — | CN¥99.0m | — | CN¥19.0m | CN¥108.0m | CN¥45.0m |
| Total assets | CN¥4.69bn | CN¥4.31bn | CN¥4.63bn | CN¥4.69bn | CN¥4.75bn | CN¥4.78bn | CN¥4.84bn | CN¥5.03bn |
| Cash and short-term investments | — | — | CN¥58.1m | CN¥60.3m | CN¥30.5m | CN¥40.9m | CN¥79.0m | CN¥59.4m |
| Debt | CN¥261.2m | CN¥265.7m | CN¥643.8m | CN¥79.3m | CN¥323.7m | CN¥407.2m | CN¥337.0m | CN¥334.0m |
| Shareholders' equity | CN¥2.02bn | CN¥2.05bn | CN¥2.08bn | CN¥2.23bn | CN¥2.27bn | CN¥2.29bn | CN¥2.31bn | CN¥2.42bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -44.4% | -15.7% | -75.7% | -131.7% | -1.7% | -3.9% | — | — | — |
| Net margin | -68.5% | -35.1% | -73.1% | -100.3% | 11.3% | 18.8% | — | — | — |
| Return on equity | -10.5% | -5.6% | -9.7% | -14.2% | 2.0% | 3.4% | — | — | — |
| Return on assets | -4.7% | -2.7% | -5.4% | -7.9% | 1.1% | 1.8% | — | — | — |
| Free cash flow yield | 3.7% | 4.6% | 1.6% | 3.5% | 4.4% | 8.4% | — | — | — |
| Revenue growth | -13.4% | 14.4% | -15.7% | -32.8% | -0.5% | 134.9% | — | — | — |
| Earnings growth | 69.0% | -45.0% | -38.6% | -695.0% | -40.1% | -264.0% | — | — | — |
| Current ratio | 0.28x | 0.21x | 0.18x | 0.12x | 0.20x | 0.35x | — | — | — |
| Debt to equity | 0.31x | 0.15x | 0.15x | 0.19x | 0.26x | 0.18x | — | — | — |
| Equity ratio | 44.9% | 47.7% | 56.0% | 55.5% | 56.2% | 53.0% | — | — | — |
| Interest coverage | -1.63x | -0.69x | -4.97x | -7.56x | -0.12x | -0.23x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 8.0% | -11.6% | -18.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | -11.0% | -6.9% |
| Net income | -17.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -24.3% | -16.9% | 9.4% | 16.0% |
| Net margin | -50.6% | -69.5% | -31.4% | -21.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.0 | -13.1 | -9.2 | -6.6 | 38.7 | 21.3 | -46.5 | 41.6 | 30.9 | -14.2 |
| Price to sales | 6.2 | 4.6 | 6.7 | 6.6 | 4.4 | 4.0 | 12.5 | 12.2 | 8.8 | 10.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 2018.
| FY2018 | FY2014 | FY2013 | FY2010 | FY2007 | FY2004 | FY2001 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.04 | 0.043 | 0.036 | 0.041 | 0.02 |
- 7-for-5 split · 7 Apr 2010
- 13-for-10 split · 15 Oct 2007
- 1-to-1 reverse split · 13 Jan 2006
- 7-for-5 split · 29 Oct 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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