S 
3.88
+0.78%
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¥2.10bn
FY2016FY2025
Net income
−CN¥53.5m
FY2016FY2025
Free cash flow
−CN¥33.9m
FY2016FY2025
Shareholders' equity
CN¥131.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.10bn | CN¥2.10bn | CN¥1.96bn | CN¥2.00bn | CN¥1.99bn | CN¥1.89bn | CN¥1.85bn | CN¥1.91bn | CN¥1.77bn | CN¥1.83bn |
| Operating income | CN¥50.2m | −CN¥164.1m | CN¥1.19bn | −CN¥1.64bn | −CN¥56.5m | −CN¥923.8m | −CN¥231.7m | CN¥153.4m | CN¥44.3m | CN¥177.8m |
| Net income | −CN¥53.5m | −CN¥330.3m | CN¥976.9m | −CN¥1.94bn | −CN¥221.0m | −CN¥972.4m | −CN¥115.5m | CN¥6.0m | −CN¥66.6m | CN¥52.6m |
| Diluted earnings per share | -0.10 | -0.62 | 1.83 | -3.64 | -0.41 | -1.83 | -0.22 | 0.01 | -0.13 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.44bn | CN¥5.73bn | CN¥5.40bn | CN¥5.49bn | CN¥5.84bn | CN¥5.00bn | CN¥6.05bn | CN¥6.09bn | CN¥5.64bn | CN¥4.89bn |
| Cash and short-term investments | — | CN¥559.3m | CN¥514.7m | CN¥774.3m | CN¥276.5m | CN¥171.0m | CN¥212.5m | CN¥464.6m | CN¥448.8m | CN¥349.6m |
| Total liabilities | CN¥6.36bn | CN¥5.52bn | CN¥5.19bn | CN¥7.32bn | CN¥5.72bn | CN¥4.65bn | CN¥4.73bn | CN¥4.63bn | CN¥4.28bn | CN¥3.45bn |
| Debt | CN¥1.99bn | CN¥2.31bn | CN¥1.88bn | CN¥2.96bn | CN¥2.69bn | CN¥2.24bn | CN¥2.65bn | CN¥2.55bn | CN¥2.28bn | CN¥1.82bn |
| Shareholders' equity | CN¥131.4m | CN¥183.5m | CN¥173.4m | −CN¥1.87bn | CN¥64.9m | CN¥284.0m | CN¥1.26bn | CN¥1.41bn | CN¥1.32bn | CN¥1.41bn |
| Shares outstanding | 533m | 533m | 533m | 533m | 533m | 533m | 532m | 537m | 533m | 506m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥615.2m | −CN¥113.5m | CN¥1.26bn | −CN¥235.2m | −CN¥312.0m | CN¥376.6m | CN¥2.1m | −CN¥7.7m | CN¥116.5m | −CN¥169.5m |
| Capital spending | −CN¥649.1m | −CN¥663.8m | −CN¥174.8m | −CN¥157.5m | −CN¥150.6m | −CN¥73.3m | −CN¥183.0m | −CN¥203.1m | −CN¥515.3m | −CN¥374.4m |
| Free cash flow | −CN¥33.9m | −CN¥777.3m | CN¥1.08bn | −CN¥392.7m | −CN¥462.6m | CN¥303.4m | −CN¥180.8m | −CN¥210.7m | −CN¥398.8m | −CN¥543.9m |
| Dividends paid | −CN¥126.8m | −CN¥137.1m | −CN¥145.5m | −CN¥145.5m | −CN¥118.7m | −CN¥139.4m | −CN¥154.0m | −CN¥129.9m | −CN¥118.3m | −CN¥86.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥26.2m | CN¥1.21bn | CN¥880.0m | CN¥13.4m | CN¥5.9m | CN¥1.20bn | CN¥870.2m | CN¥18.9m |
| Operating income | −CN¥161.6m | CN¥132.9m | CN¥349.3m | −CN¥237.2m | −CN¥124.6m | −CN¥20.4m | CN¥165.8m | −CN¥132.0m |
| Net income | −CN¥144.9m | CN¥49.3m | CN¥263.1m | −CN¥172.7m | −CN¥106.9m | −CN¥37.0m | CN¥124.4m | −CN¥160.7m |
| Diluted earnings per share | -0.27 | 0.09 | 0.49 | -0.32 | -0.20 | -0.07 | 0.23 | -0.30 |
| Cash from operations | — | — | — | CN¥206.0m | −CN¥102.0m | −CN¥588.0m | — | — |
| Capital spending | −CN¥358.0m | −CN¥300.0m | −CN¥394.0m | −CN¥71.0m | −CN¥66.0m | −CN¥116.0m | −CN¥160.0m | −CN¥372.0m |
| Free cash flow | — | — | — | CN¥135.0m | −CN¥168.0m | −CN¥704.0m | — | — |
| Total assets | CN¥6.04bn | CN¥6.34bn | CN¥6.44bn | CN¥5.27bn | CN¥5.28bn | CN¥5.39bn | CN¥5.73bn | CN¥5.56bn |
| Cash and short-term investments | — | — | — | CN¥429.4m | CN¥450.1m | CN¥199.5m | CN¥559.3m | CN¥384.5m |
| Debt | CN¥3.00bn | CN¥2.62bn | CN¥1.99bn | CN¥2.59bn | CN¥2.95bn | CN¥2.83bn | CN¥2.31bn | CN¥2.90bn |
| Shareholders' equity | CN¥39.0m | CN¥185.5m | CN¥131.4m | −CN¥129.1m | CN¥43.8m | CN¥150.8m | CN¥183.5m | −CN¥277.5m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.0% | -7.8% | 60.4% | -82.0% | -2.6% | -38.7% |
| Net margin | -2.5% | -15.7% | 49.7% | -97.1% | -11.1% | -51.3% |
| Return on equity | -40.7% | -180.0% | 563.5% | 103.8% | -340.2% | -342.4% |
| Return on assets | -0.8% | -5.8% | 18.1% | -35.3% | -3.8% | -19.4% |
| Free cash flow yield | 58.1% | 25.3% | 66.0% | -3.6% | -7.4% | 20.7% |
| Revenue growth | 0.2% | 6.8% | -1.6% | 0.5% | 4.9% | 2.3% |
| Earnings growth | -83.8% | -133.8% | -150.4% | 777.4% | -77.3% | 741.9% |
| Current ratio | 0.58x | 0.40x | 0.41x | 0.33x | 0.45x | 0.41x |
| Debt to equity | 15.12x | 12.57x | 10.74x | -1.34x | 37.49x | 6.76x |
| Equity ratio | 2.0% | 3.2% | 3.2% | -34.1% | 1.1% | 5.7% |
| Interest coverage | -0.00x | -1.01x | 5.70x | -7.72x | -0.28x | -3.90x |
| Buybacks as a share of market value | -0.1% | 0.0% | 0.0% | 0.0% | -0.0% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.8% | 2.1% | 3.0% |
| Operating income | — | — | -3.5% |
| Net income | -69.8% | -44.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.7% | -6.9% | -12.8% | -6.3% |
| Net margin | -9.1% | -16.5% | -21.1% | -12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.4 | -5.6 | 1.8 | -0.9 | -9.5 | -1.6 | -13.6 | 229.8 | -42.3 | 61.9 |
| Price to sales | 0.9 | 0.9 | 0.9 | 0.9 | 1.1 | 0.8 | 0.8 | 0.7 | 1.6 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2017.
| FY2017 | FY2014 | FY2001 | FY1998 | FY1997 | |
|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.05 | 0.044 | 0.05 | 0.10 |
- 2-for-1 split · 12 Jun 2014
- 1-to-1 reverse split · 16 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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