X 
7.10
-0.84%
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¥555.5m
FY2016FY2025
Net income
−CN¥291.2m
FY2016FY2025
Free cash flow
−CN¥14.6m
FY2016FY2025
Shareholders' equity
−CN¥54.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥555.5m | CN¥582.2m | CN¥549.8m | CN¥396.0m | CN¥560.7m | CN¥299.4m | CN¥863.9m | CN¥885.8m | CN¥729.7m | CN¥800.4m |
| Gross profit | CN¥89.1m | −CN¥12.6m | CN¥15.9m | −CN¥47.5m | CN¥18.4m | CN¥13.8m | CN¥45.9m | CN¥54.6m | CN¥46.9m | CN¥48.3m |
| Operating income | −CN¥87.6m | −CN¥206.7m | −CN¥130.5m | −CN¥176.9m | −CN¥71.2m | CN¥47.9m | −CN¥40.4m | CN¥145.2m | −CN¥5.7m | CN¥30.3m |
| Net income | −CN¥291.2m | −CN¥260.3m | −CN¥153.9m | −CN¥167.0m | −CN¥73.1m | CN¥37.6m | −CN¥30.2m | CN¥96.3m | −CN¥18.6m | CN¥10.7m |
| Diluted earnings per share | -1.23 | -1.10 | -0.65 | -0.71 | -0.31 | 0.16 | -0.13 | 0.41 | -0.08 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.68bn | CN¥2.06bn | CN¥2.25bn | CN¥2.03bn | CN¥2.22bn | CN¥1.33bn | CN¥1.24bn | CN¥1.21bn | CN¥1.40bn | CN¥1.38bn |
| Cash and short-term investments | — | CN¥165.7m | CN¥179.3m | CN¥283.9m | CN¥466.1m | CN¥313.6m | CN¥468.8m | CN¥486.6m | CN¥296.4m | CN¥44.2m |
| Total liabilities | CN¥1.76bn | CN¥1.85bn | CN¥1.77bn | CN¥1.38bn | CN¥1.39bn | CN¥432.4m | CN¥383.2m | CN¥338.2m | CN¥584.0m | CN¥536.5m |
| Debt | CN¥215.2m | CN¥1.24bn | CN¥1.18bn | CN¥987.9m | CN¥987.5m | CN¥248.7m | CN¥230.3m | CN¥160.0m | CN¥330.0m | CN¥300.0m |
| Shareholders' equity | −CN¥54.5m | CN¥236.7m | CN¥497.0m | CN¥650.8m | CN¥818.3m | CN¥891.5m | CN¥853.9m | CN¥870.4m | CN¥775.8m | CN¥800.7m |
| Shares outstanding | 237m | 237m | 237m | 237m | 237m | 237m | 237m | 237m | 236m | 237m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥13.8m | −CN¥9.0m | −CN¥7.5m | −CN¥209.1m | −CN¥115.5m | −CN¥173.1m | −CN¥41.2m | −CN¥61.6m | −CN¥140.6m | −CN¥50.3m |
| Capital spending | −CN¥780,046 | −CN¥50.4m | −CN¥75.4m | −CN¥76.8m | −CN¥151.7m | −CN¥128.7m | −CN¥9.5m | −CN¥55.8m | −CN¥132.7m | −CN¥25.5m |
| Free cash flow | −CN¥14.6m | −CN¥59.3m | −CN¥82.9m | −CN¥286.0m | −CN¥267.3m | −CN¥301.8m | −CN¥50.7m | −CN¥117.4m | −CN¥273.3m | −CN¥75.8m |
| Dividends paid | −CN¥33.7m | −CN¥32.1m | −CN¥30.5m | −CN¥36.1m | −CN¥23.9m | −CN¥12.0m | −CN¥5.4m | −CN¥8.8m | −CN¥22.0m | −CN¥13.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥119.8m | CN¥84.0m | CN¥175.8m | CN¥161.7m | CN¥123.1m | CN¥94.9m | CN¥147.0m | CN¥183.1m |
| Gross profit | CN¥2.7m | −CN¥1.6m | −CN¥2.0m | CN¥8.5m | CN¥6.3m | −CN¥2.1m | −CN¥36.7m | CN¥14.3m |
| Operating income | −CN¥18.0m | −CN¥19.8m | −CN¥28.9m | −CN¥27.0m | −CN¥16.0m | −CN¥35.3m | −CN¥145.4m | −CN¥25.0m |
| Net income | −CN¥31.8m | −CN¥26.6m | −CN¥210.9m | −CN¥24.4m | −CN¥23.7m | −CN¥32.3m | −CN¥173.5m | −CN¥23.2m |
| Diluted earnings per share | -0.13 | -0.11 | -0.89 | -0.10 | -0.10 | -0.14 | -0.73 | -0.10 |
| Cash from operations | — | — | — | CN¥1.0m | CN¥26.0m | −CN¥11.0m | — | CN¥4.0m |
| Capital spending | — | −CN¥1.0m | — | — | — | −CN¥26.0m | −CN¥6.0m | −CN¥7.0m |
| Free cash flow | — | — | — | — | — | −CN¥37.0m | — | −CN¥3.0m |
| Total assets | CN¥1.52bn | CN¥1.62bn | CN¥1.68bn | CN¥1.96bn | CN¥2.00bn | CN¥2.03bn | CN¥2.06bn | CN¥2.19bn |
| Cash and short-term investments | — | — | — | CN¥110.6m | CN¥134.0m | CN¥137.5m | CN¥165.7m | CN¥117.1m |
| Debt | CN¥226.4m | CN¥225.2m | CN¥215.2m | CN¥676.1m | CN¥864.1m | CN¥875.5m | CN¥857.2m | CN¥794.5m |
| Shareholders' equity | −CN¥113.0m | −CN¥81.2m | −CN¥54.5m | CN¥156.3m | CN¥180.7m | CN¥204.4m | CN¥236.7m | CN¥410.2m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 1.9% | -2.2% | 2.9% | -12.0% | 3.3% | 4.6% |
| Operating margin | -44.0% | -35.5% | -23.7% | -38.1% | -12.1% | 16.0% |
| Net margin | -52.4% | -44.7% | -28.0% | -42.2% | -13.0% | 12.6% |
| Return on equity | 534.0% | -110.0% | -31.0% | -25.7% | -8.9% | 4.2% |
| Return on assets | -17.3% | -12.6% | -6.9% | -8.2% | -3.3% | 2.8% |
| Free cash flow yield | -0.9% | 2.8% | 4.6% | -9.0% | 2.5% | -3.0% |
| Revenue growth | -4.6% | 5.9% | 38.8% | -29.4% | 87.3% | -65.3% |
| Earnings growth | 11.9% | 69.1% | -7.8% | 128.5% | -294.5% | -224.4% |
| Current ratio | 0.47x | 0.62x | 0.74x | 0.88x | 1.07x | 1.46x |
| Debt to equity | -3.95x | 3.62x | 1.49x | 1.05x | 0.84x | 0.28x |
| Equity ratio | -3.2% | 11.5% | 22.1% | 32.1% | 36.9% | 67.2% |
| Interest coverage | -5.03x | -4.87x | -3.18x | -5.99x | -3.75x | 3.36x |
| Buybacks as a share of market value | 0.0% | -0.0% | -0.0% | 0.1% | -0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.9% | 13.2% | -3.1% |
| Operating income | -20.9% | — | 9.9% |
| Net income | 20.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.7% | 2.2% | 2.6% | 4.6% |
| Operating margin | -25.9% | -28.9% | -21.2% | -7.6% |
| Net margin | -48.5% | -41.9% | -30.8% | -12.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.1 | -12.4 | -21.2 | -29.2 | -26.8 | 52.3 | -71.9 | 18.5 | -149.1 | 329.3 |
| Price to sales | 5.3 | 5.6 | 6.0 | 12.3 | 3.5 | 6.6 | 2.5 | 2.0 | 3.8 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2021.
| FY2021 | FY2019 | FY2017 | FY2014 | FY2013 | FY2011 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.023 | 0.02 | 0.03 | 0.02 | 0.02 | 0.025 | 0.009 |
- 1.174-for-1 split · 5 Jul 2007
- 1-to-1 reverse split · 14 Feb 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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