L 
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¥112.1m
FY2016FY2025
Net income
−CN¥2.34bn
FY2016FY2025
Free cash flow
CN¥253.0m
FY2016FY2025
Shareholders' equity
−CN¥1.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥112.1m | CN¥861.8m | CN¥2.13bn | CN¥2.57bn | CN¥4.80bn | CN¥6.65bn | CN¥7.96bn | CN¥8.84bn | CN¥4.78bn | CN¥2.57bn |
| Gross profit | −CN¥157.5m | −CN¥14.3m | CN¥35.6m | −CN¥377.7m | CN¥864.8m | CN¥968.3m | CN¥1.81bn | CN¥2.20bn | CN¥1.34bn | CN¥726.2m |
| Research and development | — | CN¥34.9m | CN¥80.6m | CN¥99.2m | CN¥185.6m | CN¥297.6m | CN¥298.1m | CN¥221.9m | CN¥185.9m | CN¥95.6m |
| Operating income | −CN¥357.9m | −CN¥1.02bn | −CN¥780.1m | −CN¥1.40bn | CN¥250.5m | −CN¥506.4m | CN¥439.4m | CN¥1.18bn | CN¥691.3m | CN¥296.3m |
| Net income | −CN¥2.34bn | −CN¥984.3m | −CN¥1.09bn | −CN¥1.51bn | CN¥47.0m | −CN¥460.1m | CN¥327.7m | CN¥778.7m | CN¥509.3m | CN¥260.8m |
| Diluted earnings per share | -1.19 | -0.56 | -0.69 | -0.96 | 0.02 | -0.30 | 0.17 | 0.49 | 0.34 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.12bn | CN¥14.37bn | CN¥15.84bn | CN¥17.22bn | CN¥19.09bn | CN¥19.59bn | CN¥19.55bn | CN¥16.38bn | CN¥10.93bn | CN¥5.34bn |
| Cash and short-term investments | — | CN¥203.4m | CN¥518.2m | CN¥1.02bn | CN¥1.53bn | CN¥2.65bn | CN¥2.61bn | CN¥2.03bn | CN¥1.03bn | CN¥466.6m |
| Total liabilities | CN¥12.42bn | CN¥13.14bn | CN¥13.54bn | CN¥13.61bn | CN¥13.94bn | CN¥14.74bn | CN¥14.35bn | CN¥11.75bn | CN¥7.20bn | CN¥2.68bn |
| Debt | CN¥399.9m | CN¥2.70bn | CN¥2.93bn | CN¥3.95bn | CN¥4.37bn | CN¥4.81bn | CN¥4.48bn | CN¥4.06bn | CN¥2.61bn | CN¥713.3m |
| Shareholders' equity | −CN¥1.35bn | CN¥1.06bn | CN¥2.10bn | CN¥3.33bn | CN¥4.84bn | CN¥4.46bn | CN¥4.88bn | CN¥4.50bn | CN¥3.62bn | CN¥2.66bn |
| Shares outstanding | 1,959m | 1,768m | 1,583m | 1,578m | 2,118m | 1,533m | 1,980m | 1,590m | 1,480m | 1,474m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥263.9m | −CN¥97.0m | −CN¥279.4m | −CN¥369.8m | −CN¥247.5m | CN¥651.6m | CN¥1.27bn | CN¥115.7m | −CN¥521.2m | −CN¥75.0m |
| Capital spending | −CN¥10.9m | −CN¥97.0m | −CN¥26.0m | −CN¥15.1m | −CN¥19.9m | −CN¥98.5m | −CN¥124.2m | −CN¥128.8m | −CN¥258.6m | −CN¥71.7m |
| Free cash flow | CN¥253.0m | −CN¥194.0m | −CN¥305.5m | −CN¥385.0m | −CN¥267.4m | CN¥553.1m | CN¥1.15bn | −CN¥13.1m | −CN¥779.9m | −CN¥146.7m |
| Dividends paid | −CN¥97.1m | −CN¥69.3m | −CN¥270.7m | −CN¥195.4m | −CN¥161.9m | −CN¥33.5m | −CN¥81.2m | −CN¥261.7m | −CN¥119.3m | −CN¥57.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥18.5m | CN¥39.7m | −CN¥140.6m | CN¥73.9m | CN¥111.2m | CN¥67.6m | CN¥56.6m | CN¥196.4m |
| Gross profit | −CN¥57.8m | −CN¥36.5m | −CN¥142.6m | CN¥4.1m | −CN¥19.0m | −CN¥125,421 | −CN¥32.9m | −CN¥4.4m |
| Operating income | −CN¥83.5m | −CN¥73.0m | −CN¥209.7m | −CN¥98.1m | −CN¥95.7m | −CN¥44.6m | −CN¥955.1m | CN¥35.0m |
| Net income | −CN¥150.4m | −CN¥133.5m | −CN¥2.13bn | −CN¥78.0m | −CN¥61.9m | −CN¥66.4m | −CN¥712.5m | −CN¥12.3m |
| Diluted earnings per share | -0.08 | -0.07 | -1.09 | -0.04 | -0.03 | -0.03 | -0.40 | -0.01 |
| Cash from operations | — | — | — | −CN¥1.0m | CN¥64.0m | CN¥32.0m | — | −CN¥30.0m |
| Capital spending | — | — | — | — | — | −CN¥10.0m | — | — |
| Free cash flow | — | — | — | — | — | CN¥22.0m | — | — |
| Total assets | CN¥10.84bn | CN¥10.91bn | CN¥11.12bn | CN¥13.62bn | CN¥13.85bn | CN¥13.88bn | CN¥14.37bn | CN¥14.90bn |
| Cash and short-term investments | — | — | — | CN¥128.7m | CN¥141.3m | CN¥146.4m | CN¥203.4m | CN¥165.8m |
| Debt | CN¥388.3m | CN¥402.5m | CN¥399.9m | CN¥3.10bn | CN¥2.47bn | CN¥2.67bn | CN¥2.67bn | CN¥2.69bn |
| Shareholders' equity | −CN¥1.63bn | −CN¥1.48bn | −CN¥1.35bn | CN¥858.3m | CN¥936.3m | CN¥998.2m | CN¥1.06bn | CN¥1.95bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -140.5% | -1.7% | 1.7% | -14.7% | 18.0% | 14.6% |
| Operating margin | -1278.1% | -118.2% | -36.6% | -54.6% | 6.8% | -2.8% |
| Net margin | -2084.2% | -114.2% | -51.3% | -58.8% | 1.0% | -6.9% |
| Return on equity | 173.1% | -92.5% | -51.9% | -45.3% | 1.0% | -10.3% |
| Return on assets | -21.0% | -6.9% | -6.9% | -8.8% | 0.2% | -2.3% |
| Free cash flow yield | — | -12.2% | -39.2% | — | — | — |
| Revenue growth | -87.0% | -59.5% | -17.1% | -46.5% | -27.8% | -16.4% |
| Earnings growth | 137.3% | -9.9% | -27.6% | -3311.9% | -110.2% | -240.4% |
| Current ratio | 0.56x | 0.71x | 0.80x | 0.94x | 1.05x | 1.03x |
| Debt to equity | -0.30x | 2.51x | 1.38x | 1.01x | 0.78x | 1.05x |
| Equity ratio | -12.1% | 7.4% | 13.3% | 19.3% | 25.3% | 22.8% |
| Interest coverage | -4.55x | -3.47x | -2.61x | -4.07x | 1.06x | -0.61x |
| R&D as a share of sales | 0.0% | 4.0% | 3.8% | 3.9% | 3.9% | 4.5% |
| Buybacks as a share of market value | -10.8% | -11.7% | -0.3% | 25.5% | -38.2% | 22.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -64.8% | -55.8% | -24.6% |
| Operating income | -36.6% | -6.7% | — |
| Net income | 15.7% | 38.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -17.6% | -9.1% | 7.7% | 18.4% |
| Operating margin | -141.3% | -62.7% | -22.3% | -2.3% |
| Net margin | -340.9% | -104.4% | -37.0% | -9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -5.8 | -4.7 | -3.0 | 155.5 | -12.0 | 28.4 | 8.1 | 6.4 | 12.3 |
| Price to sales | 28.3 | 6.6 | 2.4 | 1.8 | 1.5 | 0.8 | 1.2 | 0.7 | 0.7 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.022 | 0.053 | 0.051 | 0.036 | 0.01 | 0.011 |
- 3-for-2 split · 30 May 2019
- 2.3-for-1 split · 24 Apr 2018
- 2-for-1 split · 9 Apr 2015
- 19-for-10 split · 26 Aug 2014
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.