T 
1.88
-1.57%
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¥412.5m
FY2016FY2025
Net income
−CN¥43.2m
FY2016FY2025
Free cash flow
−CN¥1.23bn
FY2016FY2025
Shareholders' equity
CN¥3.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥412.5m | CN¥2.83bn | CN¥3.06bn | CN¥1.42bn | CN¥2.25bn | CN¥1.84bn | CN¥1.28bn | CN¥976.2m | CN¥893.3m |
| Operating income | CN¥16.3m | CN¥654.8m | CN¥723.4m | CN¥364.5m | CN¥671.5m | CN¥284.6m | CN¥277.6m | −CN¥91.2m | CN¥57.0m |
| Net income | −CN¥43.2m | CN¥508.5m | CN¥524.9m | CN¥263.2m | CN¥488.5m | CN¥201.3m | CN¥174.1m | −CN¥119.4m | CN¥47.1m |
| Diluted earnings per share | -0.03 | 0.32 | 0.32 | 0.16 | 0.30 | 0.12 | 0.11 | -0.07 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.05bn | CN¥4.91bn | CN¥6.24bn | CN¥8.24bn | CN¥6.94bn | CN¥6.94bn | CN¥6.91bn | CN¥6.08bn | CN¥6.70bn |
| Cash and short-term investments | — | CN¥1.12bn | CN¥1.23bn | CN¥1.30bn | CN¥996.3m | CN¥595.5m | CN¥186.9m | CN¥961.5m | CN¥1.32bn |
| Total liabilities | CN¥1.92bn | CN¥1.60bn | CN¥3.45bn | CN¥6.01bn | CN¥4.97bn | CN¥5.41bn | CN¥5.61bn | CN¥4.73bn | CN¥5.13bn |
| Debt | CN¥267.1m | CN¥800,000 | CN¥950,000 | CN¥97.9m | CN¥105.0m | CN¥600.0m | CN¥1.05bn | CN¥2.43bn | CN¥2.36bn |
| Shareholders' equity | CN¥3.01bn | CN¥3.21bn | CN¥2.70bn | CN¥2.17bn | CN¥1.91bn | CN¥1.42bn | CN¥1.22bn | CN¥1.18bn | CN¥1.30bn |
| Shares outstanding | 1,617m | 1,614m | 1,617m | 1,618m | 1,619m | 1,617m | 1,609m | 1,621m | 1,613m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.22bn | −CN¥450.5m | −CN¥319.2m | CN¥892.8m | CN¥1.27bn | CN¥775.3m | CN¥496.1m | −CN¥282.4m | CN¥822.5m |
| Capital spending | −CN¥1.3m | −CN¥101,318 | −CN¥114,261 | −CN¥261,686 | −CN¥2.1m | −CN¥1.1m | −CN¥1.5m | −CN¥1.1m | −CN¥1.9m |
| Free cash flow | −CN¥1.23bn | −CN¥450.6m | −CN¥319.3m | CN¥892.6m | CN¥1.27bn | CN¥774.2m | CN¥494.6m | −CN¥283.5m | CN¥820.6m |
| Dividends paid | −CN¥153.7m | −CN¥1.1m | −CN¥1.6m | −CN¥13.9m | −CN¥58.8m | −CN¥76.4m | −CN¥85.2m | −CN¥161.6m | −CN¥182.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥36.6m | CN¥50.1m | CN¥105.0m | CN¥94.5m | CN¥53.9m | CN¥141.8m | CN¥1.18bn | CN¥292.4m |
| Operating income | −CN¥6.4m | −CN¥1.8m | −CN¥2.1m | CN¥12.3m | −CN¥4.2m | CN¥17.2m | CN¥205.0m | CN¥49.1m |
| Net income | −CN¥5.1m | −CN¥1.6m | −CN¥61.4m | CN¥16.0m | −CN¥11.4m | CN¥13.5m | CN¥137.1m | CN¥39.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.04 | 0.01 | -0.01 | 0.01 | 0.08 | 0.02 |
| Cash from operations | — | — | — | CN¥22.0m | −CN¥444.0m | −CN¥234.0m | −CN¥348.0m | CN¥32.0m |
| Capital spending | — | — | −CN¥1.0m | — | — | — | — | — |
| Total assets | CN¥5.41bn | CN¥5.22bn | CN¥5.05bn | CN¥4.49bn | CN¥4.64bn | CN¥4.66bn | CN¥4.91bn | CN¥5.67bn |
| Cash and short-term investments | — | — | — | CN¥523.6m | CN¥651.6m | CN¥888.1m | CN¥1.12bn | CN¥1.34bn |
| Debt | CN¥367.6m | CN¥400.9m | CN¥267.1m | CN¥320,000 | CN¥700,000 | CN¥800,000 | CN¥800,000 | CN¥900,000 |
| Shareholders' equity | CN¥3.00bn | CN¥3.01bn | CN¥3.01bn | CN¥3.07bn | CN¥3.06bn | CN¥3.22bn | CN¥3.21bn | CN¥3.07bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.0% | 23.1% | 23.6% | 26.9% | 29.4% | 10.9% | — |
| Net margin | -10.5% | 18.0% | 17.1% | 18.5% | 21.7% | 10.9% | — |
| Return on equity | -1.4% | 15.9% | 19.4% | 12.1% | 25.6% | 14.1% | — |
| Return on assets | -0.9% | 10.4% | 8.4% | 3.2% | 7.0% | 2.9% | — |
| Free cash flow yield | — | -15.9% | -11.2% | 31.3% | 44.6% | 27.2% | 17.5% |
| Revenue growth | -85.4% | -7.6% | 115.7% | -37.0% | 22.4% | 43.6% | — |
| Earnings growth | -108.5% | -3.1% | 99.4% | -46.1% | 142.7% | 15.6% | — |
| Current ratio | 2.84x | 2.78x | 1.72x | 1.19x | 1.32x | 1.32x | — |
| Debt to equity | 0.09x | 0.00x | 0.00x | 0.05x | 0.05x | 0.42x | — |
| Equity ratio | 59.6% | 65.3% | 43.3% | 26.4% | 27.5% | 20.5% | — |
| Interest coverage | -116.07x | 2415.93x | 252.58x | 26.43x | 81.28x | 22.00x | — |
| Buybacks as a share of market value | -0.2% | 0.2% | 0.1% | 0.0% | -0.1% | -0.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.8% | -25.9% | -5.7% |
| Operating income | -64.5% | -43.6% | — |
| Net income | — | — | -13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.7% | 22.8% | 23.0% | 17.5% |
| Net margin | 14.3% | 16.2% | 16.4% | 10.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -85.4 | 7.5 | 6.7 | 14.4 | 9.0 | 20.0 | 19.4 | -25.1 | -45.9 | 146.7 |
| Price to sales | 8.9 | 1.4 | 1.1 | 2.7 | 1.9 | 2.2 | 2.6 | 24.3 | 5.6 | 7.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 28 Jul 2025.
| FY2025 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.095 | 0.02 | 0.01 | 0.012 | 0.014 | 0.021 | 0.011 | 0.009 |
- 7-for-5 split · 21 May 2008
- 1.21-for-1 split · 11 Nov 2005
- 3-for-2 split · 30 Apr 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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