L 
1.86
-1.59%
Close of 9 Nov 2026, in CNY
Search any instrument
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¥1.12bn
FY2016FY2025
Net income
−CN¥1.80bn
FY2016FY2025
Free cash flow
CN¥591.4m
FY2016FY2025
Shareholders' equity
CN¥234.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.12bn | CN¥2.97bn | CN¥1.06bn | CN¥9.82bn | CN¥3.27bn | CN¥4.02bn | CN¥6.37bn | CN¥4.03bn | CN¥3.17bn | CN¥2.90bn |
| Operating income | −CN¥819.7m | −CN¥1.73bn | −CN¥1.29bn | CN¥408.3m | −CN¥599.6m | CN¥257.0m | CN¥36.4m | CN¥216.8m | CN¥249.7m | CN¥196.4m |
| Net income | −CN¥1.80bn | −CN¥2.24bn | −CN¥1.69bn | −CN¥632.6m | −CN¥1.19bn | CN¥32.9m | −CN¥178.7m | CN¥84.3m | CN¥57.4m | CN¥43.3m |
| Diluted earnings per share | -1.04 | -1.29 | -0.98 | -0.36 | -0.69 | 0.02 | -0.10 | 0.05 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥871.3m | CN¥21.06bn | CN¥28.29bn | CN¥29.11bn | CN¥35.62bn | CN¥29.98bn | CN¥26.80bn | CN¥23.96bn | CN¥23.04bn | CN¥20.79bn |
| Cash and short-term investments | — | CN¥587.6m | CN¥2.43bn | CN¥2.58bn | CN¥5.02bn | CN¥3.10bn | CN¥2.41bn | CN¥2.66bn | CN¥2.78bn | CN¥2.14bn |
| Total liabilities | CN¥554.4m | CN¥21.63bn | CN¥26.02bn | CN¥25.01bn | CN¥30.94bn | CN¥24.15bn | CN¥21.85bn | CN¥18.84bn | CN¥18.07bn | CN¥15.80bn |
| Debt | — | CN¥4.19bn | CN¥4.50bn | CN¥8.65bn | CN¥9.72bn | CN¥7.72bn | CN¥13.02bn | CN¥9.20bn | CN¥10.66bn | CN¥9.87bn |
| Shareholders' equity | CN¥234.5m | −CN¥1.75bn | CN¥484.9m | CN¥2.10bn | CN¥2.95bn | CN¥4.02bn | CN¥4.07bn | CN¥4.51bn | CN¥4.51bn | CN¥4.54bn |
| Shares outstanding | 1,734m | 1,734m | 1,734m | 1,735m | 1,734m | 1,734m | 1,738m | 1,740m | 1,642m | 1,626m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥592.8m | −CN¥970.8m | CN¥1.58bn | −CN¥2.34bn | CN¥2.20bn | CN¥3.70bn | −CN¥2.03bn | CN¥2.34bn | CN¥1.65bn | CN¥470.2m |
| Capital spending | −CN¥1.5m | −CN¥25.1m | −CN¥37.4m | −CN¥88.4m | −CN¥39.3m | −CN¥68.3m | −CN¥40.1m | −CN¥12.0m | −CN¥6.4m | −CN¥844,409 |
| Free cash flow | CN¥591.4m | −CN¥995.9m | CN¥1.54bn | −CN¥2.43bn | CN¥2.16bn | CN¥3.63bn | −CN¥2.07bn | CN¥2.33bn | CN¥1.64bn | CN¥469.3m |
| Dividends paid | −CN¥91.7m | −CN¥106.3m | −CN¥258.3m | −CN¥381.1m | −CN¥499.8m | −CN¥840.2m | −CN¥992.0m | −CN¥877.3m | −CN¥864.5m | −CN¥700.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥60.6m | CN¥66.0m | CN¥104.7m | CN¥118.1m | CN¥703.4m | CN¥116.1m | CN¥1.11bn | CN¥501.6m |
| Operating income | CN¥9.1m | CN¥18.2m | −CN¥192.5m | −CN¥183.3m | −CN¥524.0m | −CN¥473.2m | −CN¥2.05bn | −CN¥134.3m |
| Net income | CN¥1.6m | CN¥15.8m | −CN¥494.3m | −CN¥412.2m | −CN¥435.1m | −CN¥462.7m | −CN¥2.00bn | −CN¥239.0m |
| Diluted earnings per share | 0.00 | 0.01 | -0.29 | -0.24 | -0.25 | -0.27 | -1.16 | -0.14 |
| Cash from operations | — | — | — | −CN¥187.0m | CN¥312.0m | CN¥77.0m | — | CN¥312.0m |
| Capital spending | — | — | — | — | — | — | −CN¥16.0m | −CN¥2.0m |
| Free cash flow | — | — | — | — | — | — | — | CN¥310.0m |
| Total assets | CN¥789.1m | CN¥775.4m | CN¥871.3m | CN¥19.72bn | CN¥20.26bn | CN¥20.99bn | CN¥21.06bn | CN¥24.20bn |
| Cash and short-term investments | — | — | — | CN¥472.8m | CN¥889.3m | CN¥702.6m | CN¥587.6m | CN¥1.12bn |
| Debt | — | — | — | CN¥2.43bn | CN¥2.19bn | CN¥2.37bn | CN¥2.18bn | CN¥3.29bn |
| Shareholders' equity | CN¥251.9m | CN¥250.3m | CN¥234.5m | −CN¥3.06bn | −CN¥2.65bn | −CN¥2.22bn | −CN¥1.75bn | CN¥250.3m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | FY2012 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -107.4% | -58.2% | -121.1% | 1.0% | -19.4% | 0.2% | — | — | — | — | — | — |
| Net margin | -161.3% | -75.4% | -159.9% | -6.4% | -36.5% | 0.8% | — | — | — | — | — | — |
| Return on equity | -769.3% | 127.7% | -349.2% | -30.2% | -40.5% | 0.8% | — | — | — | — | — | — |
| Return on assets | -207.1% | -10.6% | -6.0% | -2.2% | -3.4% | 0.1% | — | — | — | — | — | — |
| Free cash flow yield | — | — | 46.7% | — | — | — | — | -24.9% | 15.8% | -18.1% | -6.0% | -0.6% |
| Revenue growth | -62.3% | 180.5% | -89.2% | 200.0% | -18.7% | -36.8% | — | — | — | — | — | — |
| Earnings growth | -19.4% | 32.2% | 167.7% | -47.0% | -3724.9% | -118.4% | — | — | — | — | — | — |
| Current ratio | 1.09x | 0.76x | 0.87x | 1.02x | 1.12x | 1.53x | — | — | — | — | — | — |
| Debt to equity | — | -1.24x | 5.52x | 2.99x | 2.37x | 1.92x | 3.20x | — | — | — | — | — |
| Equity ratio | 26.9% | -8.3% | 1.7% | 7.2% | 8.3% | 13.4% | — | — | — | — | — | — |
| Interest coverage | -1.79x | -2.93x | -2.02x | 0.15x | -1.05x | 0.03x | — | — | — | — | — | — |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | -0.1% | 0.0% | 0.2% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -51.5% | -22.6% | -9.5% |
| Net income | 41.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -62.3% | -22.9% | -16.9% | -6.9% |
| Net margin | -98.9% | -42.6% | -33.8% | -17.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -1.5 | -2.1 | -8.0 | -3.0 | 106.9 | -21.4 | 59.4 | 132.3 | 195.0 |
| Price to sales | 3.5 | 1.2 | 3.4 | 0.5 | 1.1 | 0.9 | 0.6 | 1.2 | 2.4 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 2019.
| FY2019 | FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.067 | 0.08 | 0.067 | 0.053 | 0.04 |
- 2-for-1 split · 22 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.