C 
1.45
-3.97%
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¥283.3m
FY2016FY2025
Net income
−CN¥630.1m
FY2016FY2025
Free cash flow
CN¥66.0m
FY2016FY2025
Shareholders' equity
−CN¥200.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥283.3m | CN¥828.5m | CN¥4.02bn | CN¥4.20bn | CN¥5.05bn | CN¥6.05bn | CN¥3.39bn | CN¥3.05bn | CN¥1.80bn | CN¥1.72bn |
| Research and development | CN¥2.1m | CN¥2.2m | CN¥1.4m | CN¥694,056 | CN¥5.3m | CN¥714,684 | CN¥1.2m | CN¥8.7m | — | — |
| Operating income | — | −CN¥256.1m | −CN¥202.2m | CN¥399.8m | CN¥203.9m | CN¥627.4m | CN¥173.0m | CN¥172.3m | CN¥219.6m | CN¥147.3m |
| Net income | −CN¥630.1m | −CN¥260.2m | −CN¥250.1m | −CN¥360.2m | −CN¥897.8m | CN¥258.9m | CN¥84.5m | CN¥113.7m | CN¥195.8m | CN¥111.3m |
| Diluted earnings per share | -0.57 | -0.24 | -0.23 | -0.33 | -0.81 | 0.23 | 0.08 | 0.10 | 0.18 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.92bn | CN¥2.86bn | CN¥4.24bn | CN¥10.70bn | CN¥14.78bn | CN¥18.17bn | CN¥17.69bn | CN¥12.47bn | CN¥8.62bn | CN¥5.30bn |
| Cash and short-term investments | — | CN¥113.5m | CN¥625.1m | CN¥1.20bn | CN¥1.83bn | CN¥3.10bn | CN¥2.11bn | CN¥1.51bn | CN¥620.7m | CN¥568.7m |
| Total liabilities | CN¥2.16bn | CN¥2.31bn | CN¥3.36bn | CN¥9.28bn | CN¥12.85bn | CN¥15.26bn | CN¥14.88bn | CN¥10.50bn | CN¥6.74bn | CN¥3.63bn |
| Debt | CN¥114.0m | CN¥307.8m | CN¥158.3m | CN¥1.10bn | CN¥1.47bn | CN¥4.97bn | CN¥5.01bn | CN¥3.36bn | CN¥2.96bn | CN¥1.58bn |
| Shareholders' equity | −CN¥200.1m | CN¥420.5m | CN¥680.7m | CN¥967.2m | CN¥1.21bn | CN¥1.97bn | CN¥1.98bn | CN¥1.89bn | CN¥1.78bn | CN¥1.63bn |
| Shares outstanding | 1,100m | 1,101m | 1,100m | 1,101m | 1,105m | 1,102m | 1,101m | 1,099m | 1,100m | 1,097m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥67.4m | −CN¥61.9m | −CN¥108.3m | −CN¥209.3m | CN¥2.89bn | CN¥3.11bn | CN¥1.83bn | CN¥1.24bn | −CN¥1.37bn | −CN¥45.4m |
| Capital spending | −CN¥1.4m | −CN¥3.2m | −CN¥7.3m | −CN¥2.9m | −CN¥1.6m | −CN¥6.0m | −CN¥9.9m | −CN¥18.6m | −CN¥50.9m | −CN¥3.1m |
| Free cash flow | CN¥66.0m | −CN¥65.2m | −CN¥115.6m | −CN¥212.2m | CN¥2.89bn | CN¥3.10bn | CN¥1.82bn | CN¥1.23bn | −CN¥1.42bn | −CN¥48.5m |
| Dividends paid | −CN¥12.8m | −CN¥39.4m | −CN¥86.0m | −CN¥113.3m | −CN¥23.1m | −CN¥145.2m | −CN¥23.1m | −CN¥312.0m | −CN¥201.4m | −CN¥126.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥27.1m | CN¥37.0m | CN¥69.6m | CN¥33.8m | CN¥64.6m | CN¥115.0m | CN¥80.2m | CN¥103.1m |
| Operating income | −CN¥8.5m | −CN¥9.0m | −CN¥212.6m | CN¥16.6m | −CN¥185,666 | −CN¥12.9m | −CN¥293.7m | −CN¥15.5m |
| Net income | −CN¥35.8m | −CN¥14.4m | −CN¥611.5m | −CN¥14.2m | −CN¥896,022 | −CN¥3.6m | −CN¥254.1m | −CN¥15.7m |
| Diluted earnings per share | -0.03 | -0.01 | -0.56 | -0.01 | -0.00 | -0.00 | -0.23 | -0.01 |
| Cash from operations | — | — | — | −CN¥23.0m | CN¥91.0m | CN¥6.0m | — | CN¥16.0m |
| Total assets | CN¥1.85bn | CN¥1.89bn | CN¥1.92bn | CN¥2.49bn | CN¥2.63bn | CN¥2.73bn | CN¥2.86bn | CN¥3.13bn |
| Cash and short-term investments | — | — | — | CN¥132.1m | CN¥161.4m | CN¥104.7m | CN¥113.5m | CN¥124.1m |
| Debt | CN¥95.5m | — | CN¥114.0m | CN¥326.2m | CN¥24.7m | CN¥312.7m | CN¥307.8m | CN¥128.4m |
| Shareholders' equity | −CN¥250.3m | −CN¥214.5m | −CN¥200.1m | CN¥410.2m | CN¥424.5m | CN¥425.3m | CN¥420.5m | CN¥674.6m |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -179.0% | -30.9% | -4.7% | -7.3% | -16.5% | 6.9% |
| Net margin | -222.4% | -31.4% | -6.2% | -8.6% | -17.8% | 4.3% |
| Return on equity | 314.8% | -61.9% | -36.7% | -37.2% | -74.5% | 13.2% |
| Return on assets | -32.8% | -9.1% | -5.9% | -3.4% | -6.1% | 1.4% |
| Free cash flow yield | 3.4% | -2.9% | -4.9% | -10.1% | 140.8% | 152.0% |
| Revenue growth | -65.8% | -79.4% | -4.2% | -17.0% | -16.5% | 78.3% |
| Earnings growth | 142.2% | 4.0% | -30.6% | -59.9% | -446.8% | 206.3% |
| Current ratio | 0.80x | 1.14x | 1.13x | 1.19x | 1.22x | 1.39x |
| Debt to equity | -0.57x | 1.17x | 0.23x | 0.75x | 0.95x | 2.53x |
| Equity ratio | -10.4% | 14.7% | 16.0% | 9.0% | 8.2% | 10.8% |
| Interest coverage | -9.15x | -5.40x | -6.01x | -11.98x | -13.79x | 8.85x |
| R&D as a share of sales | 0.7% | 0.3% | 0.0% | 0.0% | 0.1% | 0.0% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.4% | -0.3% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -59.3% | -45.8% | -8.2% |
| Net income | 20.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | -80.1% | -16.1% | -10.5% | -5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.4 | -11.7 | -16.1 | -16.4 | -8.8 | 11.6 | 41.8 | 28.3 | 32.8 | 89.6 |
| Price to sales | 12.0 | 3.7 | 1.0 | 1.4 | 1.6 | 0.5 | 1.0 | 1.1 | 3.6 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 May 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.021 | 0.132 | 0.021 | 0.036 | 0.021 | 0.015 | 0.043 | 0.029 |
- 7-for-2 split · 8 Mar 2016
- 2-for-1 split · 27 May 2008
- 1-to-1 reverse split · 19 Oct 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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