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Close of 9 Nov 2026, in HKD
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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¥1.41bn
FY2016FY2025
Net income
−CN¥174.8m
FY2016FY2025
Free cash flow
CN¥138.5m
FY2016FY2025
Shareholders' equity
CN¥1.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.41bn | CN¥1.39bn | CN¥1.79bn | CN¥1.38bn | CN¥1.90bn | CN¥1.79bn | CN¥2.26bn | CN¥3.41bn | CN¥3.57bn | CN¥3.74bn |
| Gross profit | CN¥847.0m | CN¥786.9m | CN¥1.02bn | CN¥767.1m | CN¥1.10bn | CN¥1.00bn | CN¥1.35bn | CN¥1.95bn | CN¥2.17bn | CN¥2.26bn |
| Operating income | −CN¥46.4m | −CN¥12.7m | CN¥19.7m | −CN¥35.0m | −CN¥5.0m | −CN¥91.4m | −CN¥82.7m | CN¥15.1m | CN¥171.1m | CN¥319.4m |
| Net income | −CN¥174.8m | CN¥48.2m | CN¥24.3m | CN¥14.8m | CN¥31.9m | CN¥6.5m | −CN¥239.2m | −CN¥450.9m | CN¥23.9m | CN¥240.3m |
| Diluted earnings per share | -0.08 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 | -0.12 | -0.22 | 0.01 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.63bn | CN¥1.48bn | CN¥2.04bn | CN¥2.00bn | CN¥2.03bn | CN¥2.05bn | CN¥2.12bn | CN¥3.03bn | CN¥4.61bn | CN¥3.95bn |
| Cash and short-term investments | CN¥654.3m | CN¥429.7m | CN¥773.0m | CN¥578.2m | CN¥516.3m | CN¥636.6m | CN¥543.4m | CN¥424.4m | CN¥640.9m | CN¥733.2m |
| Total liabilities | CN¥342.1m | CN¥296.1m | CN¥416.7m | CN¥401.4m | CN¥455.6m | CN¥507.5m | CN¥486.6m | CN¥1.08bn | CN¥2.18bn | CN¥1.54bn |
| Debt | CN¥27.8m | CN¥19.4m | CN¥21.2m | CN¥44.6m | CN¥54.9m | CN¥72.0m | CN¥124.5m | CN¥309.2m | CN¥1.16bn | CN¥714.2m |
| Shareholders' equity | CN¥1.28bn | CN¥1.18bn | CN¥1.61bn | CN¥1.59bn | CN¥1.57bn | CN¥1.54bn | CN¥1.55bn | CN¥1.88bn | CN¥2.37bn | CN¥2.35bn |
| Shares outstanding | 2,125m | 2,077m | 2,077m | 2,077m | 2,077m | 2,062m | 2,061m | 2,059m | 2,038m | 2,061m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥171.6m | CN¥107.8m | CN¥278.5m | CN¥203.6m | CN¥36.4m | CN¥275.0m | CN¥381.4m | CN¥197.6m | CN¥133.5m | CN¥286.4m |
| Capital spending | −CN¥33.1m | −CN¥84.3m | −CN¥71.5m | −CN¥85.4m | −CN¥128.3m | −CN¥50.3m | −CN¥167.3m | −CN¥65.9m | −CN¥88.9m | −CN¥102.6m |
| Free cash flow | CN¥138.5m | CN¥23.5m | CN¥206.9m | CN¥118.2m | −CN¥92.0m | CN¥224.7m | CN¥214.0m | CN¥131.7m | CN¥44.5m | CN¥183.8m |
| Dividends paid | — | −CN¥245.6m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥691.4m | CN¥667.6m | CN¥745.9m | CN¥670.9m | CN¥720.6m | CN¥752.0m | CN¥438.1m | CN¥918.0m |
| Gross profit | CN¥441.5m | CN¥402.1m | CN¥444.9m | CN¥366.9m | CN¥419.9m | CN¥410.3m | CN¥239.0m | CN¥537.3m |
| Operating income | −CN¥4.4m | −CN¥35.0m | −CN¥11.4m | −CN¥26.6m | CN¥13.9m | −CN¥20.2m | −CN¥11.8m | CN¥43.2m |
| Net income | CN¥7.9m | −CN¥9.4m | −CN¥165.4m | −CN¥4.2m | CN¥52.4m | −CN¥24.6m | −CN¥14.3m | CN¥52.9m |
| Diluted earnings per share | 0.00 | -0.00 | -0.08 | -0.00 | 0.03 | -0.01 | -0.01 | 0.03 |
| Cash from operations | — | CN¥84.0m | CN¥99.0m | CN¥81.0m | CN¥26.0m | CN¥158.0m | CN¥79.0m | CN¥120.0m |
| Capital spending | — | −CN¥4.0m | −CN¥32.0m | −CN¥43.0m | −CN¥40.0m | −CN¥64.0m | −CN¥32.0m | −CN¥5.0m |
| Free cash flow | — | CN¥80.0m | CN¥67.0m | CN¥38.0m | −CN¥14.0m | CN¥94.0m | CN¥47.0m | CN¥115.0m |
| Total assets | CN¥1.76bn | CN¥1.63bn | CN¥1.55bn | CN¥1.48bn | CN¥1.75bn | CN¥2.04bn | CN¥2.04bn | CN¥2.06bn |
| Cash and short-term investments | CN¥526.0m | CN¥654.3m | CN¥563.2m | CN¥429.7m | CN¥646.3m | CN¥773.0m | CN¥773.0m | CN¥678.3m |
| Debt | CN¥67.5m | CN¥27.8m | CN¥16.4m | CN¥19.4m | CN¥18.8m | CN¥24.7m | — | CN¥50.2m |
| Shareholders' equity | CN¥1.31bn | CN¥1.28bn | CN¥1.20bn | CN¥1.18bn | CN¥1.18bn | CN¥1.61bn | CN¥1.61bn | CN¥1.65bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 59.9% | 56.5% | 56.6% | 55.5% | 57.9% | 55.9% | — |
| Operating margin | -3.3% | -0.9% | 1.1% | 1.4% | -0.3% | -5.1% | — |
| Net margin | -12.4% | 3.5% | 1.4% | 1.1% | 1.7% | 0.4% | — |
| Return on equity | -13.7% | 4.1% | 1.5% | 1.1% | 2.0% | 0.4% | — |
| Return on assets | -10.7% | 3.3% | 1.2% | 0.9% | 1.6% | 0.3% | — |
| Free cash flow yield | 12.0% | 13.4% | 21.0% | 17.3% | 9.9% | 19.6% | — |
| Revenue growth | -12.8% | -9.6% | 11.4% | -15.2% | 5.8% | -20.5% | — |
| Earnings growth | -411.0% | 131.6% | 40.8% | -45.9% | 387.9% | -102.7% | — |
| Current ratio | 3.52x | 3.98x | 4.04x | 3.53x | 3.88x | 3.40x | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — |
| Equity ratio | 78.4% | 79.4% | 79.0% | 79.4% | 77.1% | 74.8% | — |
| Interest coverage | -49.00x | -12.51x | 5.69x | 7.70x | -1.51x | -14.88x | — |
| R&D as a share of sales | — | — | — | — | — | — | 1.3% |
| Buybacks as a share of market value | -2.3% | 0.0% | 0.0% | 0.0% | -0.7% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | -4.7% | -8.8% |
| Operating income | 9.9% | -12.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.2% | 57.1% | 57.0% | 58.9% |
| Operating margin | -2.1% | -1.2% | -1.8% | 2.4% |
| Net margin | -4.5% | -1.5% | -0.5% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | 8.8 | 11.5 | 19.9 | 20.6 | 31.1 | -0.9 | -1.1 | 70.6 | 6.3 |
| Price to sales | 0.9 | 0.3 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2024.
| FY2024 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.13 | 0.26 | 0.044 | 0.043 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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