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0.04
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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¥903.2m
FY2016FY2025
Net income
−CN¥18.9m
FY2016FY2025
Free cash flow
−CN¥12.9m
FY2016FY2025
Shareholders' equity
CN¥370.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥903.2m | CN¥487.6m | CN¥591.9m | CN¥1.05bn | CN¥1.53bn | CN¥856.4m | CN¥863.0m | CN¥913.4m | CN¥2.16bn | CN¥3.13bn |
| Gross profit | CN¥108.7m | CN¥50.6m | CN¥33.5m | CN¥102.0m | CN¥135.8m | CN¥44.2m | CN¥130.7m | CN¥204.7m | CN¥114.6m | CN¥107.8m |
| Research and development | CN¥8.3m | — | — | CN¥7.2m | — | — | — | — | — | — |
| Operating income | −CN¥31.9m | −CN¥44.0m | −CN¥89.8m | −CN¥69.6m | −CN¥89.8m | −CN¥331.2m | −CN¥114.3m | CN¥551,000 | −CN¥248.0m | −CN¥230.1m |
| Net income | −CN¥18.9m | −CN¥36.4m | −CN¥98.4m | −CN¥33.0m | −CN¥260.7m | −CN¥325.4m | −CN¥138.6m | −CN¥54.1m | −CN¥250.8m | −CN¥210.5m |
| Diluted earnings per share | -0.00 | -0.01 | -0.03 | -0.01 | -0.07 | -0.10 | -0.04 | -0.02 | -0.08 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.01bn | CN¥910.5m | CN¥1.08bn | CN¥1.16bn | CN¥1.92bn | CN¥2.24bn | CN¥2.41bn | CN¥2.65bn | CN¥2.72bn | CN¥3.29bn |
| Cash and short-term investments | CN¥97.3m | CN¥109.2m | CN¥150.5m | CN¥176.3m | CN¥151.8m | CN¥113.2m | CN¥99.5m | CN¥106.1m | CN¥36.1m | CN¥228.3m |
| Total liabilities | CN¥629.5m | CN¥545.0m | CN¥580.1m | CN¥553.8m | CN¥1.29bn | CN¥1.38bn | CN¥1.17bn | CN¥1.23bn | CN¥1.26bn | CN¥1.52bn |
| Debt | CN¥312.9m | CN¥265.9m | CN¥331.5m | CN¥324.1m | CN¥692.2m | CN¥785.0m | CN¥780.7m | CN¥848.9m | CN¥897.5m | CN¥974.0m |
| Shareholders' equity | CN¥370.4m | CN¥357.7m | CN¥495.2m | CN¥593.5m | CN¥626.4m | CN¥841.6m | CN¥1.18bn | CN¥1.32bn | CN¥1.36bn | CN¥1.62bn |
| Shares outstanding | 3,874m | 3,874m | 3,874m | 3,874m | 3,875m | 3,274m | 3,274m | 3,274m | 3,274m | 3,276m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥10.4m | CN¥13.9m | −CN¥26.7m | CN¥54.9m | CN¥38.4m | CN¥120.0m | CN¥85.1m | CN¥216.2m | CN¥509.9m | −CN¥234.9m |
| Capital spending | −CN¥2.5m | −CN¥2.7m | −CN¥8.0m | −CN¥15.0m | −CN¥44.2m | −CN¥28.0m | −CN¥9.5m | −CN¥9.0m | −CN¥90.8m | −CN¥30.9m |
| Free cash flow | −CN¥12.9m | CN¥11.2m | −CN¥34.7m | CN¥39.9m | −CN¥5.8m | CN¥92.1m | CN¥75.6m | CN¥207.2m | CN¥419.1m | −CN¥265.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥610.2m | CN¥528.3m | CN¥374.8m | CN¥202.3m | CN¥285.4m | CN¥230.6m | CN¥322.3m | CN¥603.6m |
| Gross profit | CN¥78.7m | CN¥63.9m | CN¥44.8m | CN¥19.1m | CN¥31.5m | CN¥16.9m | CN¥13.7m | CN¥64.4m |
| Operating income | CN¥11.0m | −CN¥18.0m | −CN¥13.9m | −CN¥25.1m | −CN¥18.4m | −CN¥34.9m | −CN¥49.0m | −CN¥18.3m |
| Net income | CN¥28.5m | CN¥5.2m | −CN¥24.1m | −CN¥16.1m | −CN¥20.3m | −CN¥35.1m | −CN¥57.3m | −CN¥71.4m |
| Diluted earnings per share | 0.01 | 0.00 | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.02 |
| Cash from operations | CN¥51.0m | −CN¥15.0m | −CN¥1.0m | CN¥89.0m | −CN¥75.0m | CN¥98.0m | −CN¥125.0m | CN¥63.0m |
| Capital spending | −CN¥2.0m | −CN¥1.0m | −CN¥1.0m | — | −CN¥1.0m | −CN¥2.0m | −CN¥5.0m | −CN¥8.0m |
| Free cash flow | CN¥49.0m | −CN¥16.0m | −CN¥2.0m | — | −CN¥76.0m | CN¥96.0m | −CN¥130.0m | CN¥55.0m |
| Total assets | CN¥1.12bn | CN¥1.01bn | CN¥1.02bn | CN¥910.5m | CN¥820.6m | CN¥1.08bn | CN¥1.09bn | CN¥1.16bn |
| Cash and short-term investments | CN¥142.2m | CN¥97.3m | CN¥119.7m | CN¥109.2m | CN¥42.0m | CN¥150.5m | CN¥55.5m | CN¥176.3m |
| Debt | CN¥194.0m | CN¥313.6m | CN¥339.3m | CN¥265.9m | CN¥279.3m | CN¥331.5m | CN¥320.2m | CN¥324.1m |
| Shareholders' equity | CN¥399.1m | CN¥370.4m | CN¥380.0m | CN¥357.7m | CN¥381.4m | CN¥495.2m | CN¥536.3m | CN¥593.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | 1.1% | -7.4% |
| Operating income | -22.9% | -37.4% | -19.9% |
| Net income | -16.9% | -43.4% | -24.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.5% | 9.7% | 8.8% | 7.4% |
| Operating margin | -5.5% | -7.8% | -12.1% | -10.7% |
| Net margin | -4.0% | -6.2% | -14.3% | -12.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.0 | -2.9 | -1.6 | -7.8 | -1.1 | -0.8 | -2.0 | -6.1 | -4.8 | -5.1 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.6 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2014.
| FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.007 | 0.009 | 0.009 | 0.018 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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