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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¥562.7m
FY2016FY2025
Net income
−CN¥146.3m
FY2016FY2025
Free cash flow
CN¥19.6m
FY2016FY2025
Shareholders' equity
CN¥156.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥562.7m | CN¥665.8m | CN¥780.2m | CN¥484.8m | CN¥519.3m | CN¥410.9m | CN¥500.5m | CN¥496.0m | CN¥493.8m | CN¥500.5m |
| Operating income | −CN¥113.0m | −CN¥128.9m | −CN¥114.6m | −CN¥192.9m | −CN¥170.3m | CN¥8.8m | −CN¥35.5m | CN¥28.3m | −CN¥905,708 | CN¥18.0m |
| Net income | −CN¥146.3m | −CN¥128.0m | −CN¥117.9m | −CN¥220.6m | −CN¥168.7m | CN¥9.0m | −CN¥47.2m | CN¥9.5m | −CN¥11.6m | CN¥12.4m |
| Diluted earnings per share | -0.25 | -0.22 | -0.21 | -0.40 | -0.34 | 0.02 | -0.09 | 0.02 | -0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.20bn | CN¥1.40bn | CN¥1.55bn | CN¥1.61bn | CN¥1.56bn | CN¥1.26bn | CN¥1.10bn | CN¥1.27bn | CN¥1.08bn | CN¥1.05bn |
| Cash and short-term investments | — | CN¥91.7m | CN¥61.9m | CN¥86.1m | CN¥52.1m | CN¥276.3m | CN¥218.2m | CN¥377.3m | CN¥375.0m | CN¥314.5m |
| Total liabilities | CN¥1.04bn | CN¥1.09bn | CN¥1.12bn | CN¥1.07bn | CN¥1.10bn | CN¥626.9m | CN¥483.2m | CN¥603.0m | CN¥407.0m | CN¥364.9m |
| Debt | CN¥33.9m | CN¥579.7m | CN¥597.4m | CN¥595.0m | CN¥691.1m | CN¥351.1m | CN¥264.0m | CN¥265.2m | CN¥199.2m | CN¥143.7m |
| Shareholders' equity | CN¥156.1m | CN¥302.4m | CN¥421.6m | CN¥538.1m | CN¥458.7m | CN¥627.4m | CN¥615.5m | CN¥664.6m | CN¥662.0m | CN¥673.3m |
| Shares outstanding | 574m | 574m | 573m | 552m | 499m | 495m | 500m | 503m | 505m | 502m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥31.5m | CN¥100.6m | CN¥76.7m | −CN¥37.8m | CN¥38.3m | CN¥33.6m | −CN¥33.8m | CN¥7.1m | CN¥12.9m | CN¥24.6m |
| Capital spending | −CN¥11.9m | −CN¥26.2m | −CN¥134.8m | −CN¥100.1m | −CN¥252.1m | −CN¥76.1m | −CN¥122.6m | −CN¥118.7m | −CN¥9.4m | −CN¥20.9m |
| Free cash flow | CN¥19.6m | CN¥74.4m | −CN¥58.1m | −CN¥137.9m | −CN¥213.8m | −CN¥42.5m | −CN¥156.3m | −CN¥111.7m | CN¥3.4m | CN¥3.8m |
| Dividends paid | −CN¥18.4m | −CN¥20.2m | −CN¥17.1m | −CN¥17.2m | −CN¥15.2m | −CN¥11.2m | −CN¥12.4m | −CN¥9.8m | −CN¥11.7m | −CN¥7.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥122.9m | CN¥134.3m | CN¥131.0m | CN¥125.1m | CN¥143.7m | CN¥162.9m | CN¥153.8m | CN¥163.3m |
| Operating income | −CN¥15.8m | −CN¥23.8m | −CN¥34.9m | −CN¥31.2m | −CN¥25.3m | −CN¥29.9m | −CN¥39.2m | −CN¥21.9m |
| Net income | −CN¥23.0m | −CN¥29.3m | −CN¥61.6m | −CN¥30.6m | −CN¥24.9m | −CN¥29.2m | −CN¥39.4m | −CN¥29.0m |
| Diluted earnings per share | -0.04 | -0.05 | -0.11 | -0.05 | -0.04 | -0.05 | -0.07 | -0.05 |
| Cash from operations | — | — | — | −CN¥34.0m | CN¥41.0m | CN¥14.0m | — | CN¥31.0m |
| Capital spending | −CN¥1.0m | −CN¥2.0m | — | −CN¥7.0m | −CN¥2.0m | −CN¥6.0m | −CN¥4.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥41.0m | CN¥39.0m | CN¥8.0m | — | CN¥28.0m |
| Total assets | CN¥1.16bn | CN¥1.18bn | CN¥1.20bn | CN¥1.26bn | CN¥1.37bn | CN¥1.35bn | CN¥1.40bn | CN¥1.46bn |
| Cash and short-term investments | — | — | — | CN¥45.5m | CN¥113.8m | CN¥73.0m | CN¥91.7m | CN¥71.0m |
| Debt | CN¥121.6m | CN¥105.9m | CN¥33.9m | CN¥562.1m | CN¥465.4m | CN¥448.3m | CN¥464.8m | CN¥469.1m |
| Shareholders' equity | CN¥103.8m | CN¥126.9m | CN¥156.1m | CN¥217.7m | CN¥248.2m | CN¥273.2m | CN¥302.4m | CN¥333.0m |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -20.3% | -14.5% | -10.7% | -39.6% | -27.3% | 5.1% |
| Net margin | -26.0% | -19.2% | -15.1% | -45.5% | -32.5% | 2.2% |
| Return on equity | -93.7% | -42.3% | -28.0% | -41.0% | -36.8% | 1.4% |
| Return on assets | -12.2% | -9.2% | -7.6% | -13.7% | -10.8% | 0.7% |
| Free cash flow yield | 1.3% | 3.7% | 6.2% | 1.9% | 9.8% | 3.8% |
| Revenue growth | -15.5% | -14.7% | 60.9% | -6.6% | 26.4% | -17.9% |
| Earnings growth | 14.3% | 8.6% | -46.6% | 30.8% | -1971.7% | -119.1% |
| Current ratio | 0.16x | 0.23x | 0.25x | 0.26x | 0.21x | 0.69x |
| Debt to equity | 0.22x | 1.54x | 1.06x | 0.62x | 0.99x | 0.55x |
| Equity ratio | 13.0% | 21.7% | 27.2% | 33.4% | 29.4% | 49.9% |
| Interest coverage | -4.55x | -3.07x | -2.76x | -6.54x | -4.99x | 1.72x |
| Buybacks as a share of market value | -0.1% | -0.2% | -3.7% | -10.6% | -0.9% | 1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.1% | 6.5% | 1.2% |
| Operating income | -16.3% | — | 9.4% |
| Net income | -12.8% | — | 16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.7% | -22.0% | -20.8% | -12.6% |
| Net margin | -22.3% | -24.6% | -22.6% | -14.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -35.1 | -44.7 | -53.1 | -43.3 | -11.9 | 235.0 | -43.9 | 210.8 | -246.0 | 374.6 |
| Price to sales | 9.1 | 8.6 | 8.0 | 19.7 | 3.9 | 5.2 | 4.1 | 4.0 | 5.8 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Apr 2014.
| FY2014 | FY2013 | FY2012 | FY2010 | FY2006 | FY2003 | FY2002 | FY1999 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.043 | 0.007 | 0.015 | 0.075 | 0.06 | 0.06 | 0.067 | 0.107 |
- 1-to-1 reverse split · 5 Mar 2007
- 3-for-2 split · 10 Jul 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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