5 
0.46
-1.09%
Close of 9 Nov 2026, in HKD
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¥357.9m
FY2016FY2025
Net income
CN¥86.2m
FY2016FY2025
Free cash flow
CN¥87.5m
FY2016FY2025
Shareholders' equity
CN¥2.87bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥357.9m | CN¥193.1m | CN¥314.4m | CN¥311.9m | CN¥456.1m | CN¥492.9m | CN¥721.5m | CN¥880.7m | CN¥931.9m | CN¥868.1m |
| Gross profit | CN¥179.2m | CN¥52.6m | CN¥77.6m | CN¥90.2m | CN¥190.3m | CN¥215.0m | CN¥386.4m | CN¥480.1m | CN¥551.5m | CN¥519.7m |
| Operating income | CN¥99.6m | −CN¥76.1m | −CN¥83.4m | −CN¥83.7m | CN¥37.4m | CN¥80.9m | CN¥209.3m | CN¥316.3m | CN¥372.4m | CN¥382.9m |
| Net income | CN¥86.2m | −CN¥490.8m | −CN¥352.9m | −CN¥102.5m | CN¥47.0m | CN¥17.0m | −CN¥745.1m | CN¥317.5m | CN¥315.2m | CN¥307.7m |
| Diluted earnings per share | 0.02 | -0.11 | -0.09 | -0.03 | 0.02 | 0.01 | -0.30 | 0.13 | 0.12 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.75bn | CN¥3.00bn | CN¥3.99bn | CN¥4.14bn | CN¥4.15bn | CN¥4.15bn | CN¥4.26bn | CN¥4.91bn | CN¥4.55bn | CN¥4.82bn |
| Cash and short-term investments | CN¥147.1m | CN¥1.10bn | CN¥1.02bn | CN¥89.9m | CN¥278.2m | CN¥266.0m | CN¥703.2m | CN¥456.1m | CN¥1.01bn | CN¥1.23bn |
| Total liabilities | CN¥874.4m | CN¥964.2m | CN¥1.13bn | CN¥1.28bn | CN¥1.32bn | CN¥1.43bn | CN¥1.56bn | CN¥1.45bn | CN¥1.37bn | CN¥1.32bn |
| Debt | CN¥659.0m | CN¥522.5m | CN¥758.8m | CN¥766.3m | CN¥765.9m | CN¥912.0m | CN¥1.01bn | CN¥1.16bn | CN¥863.3m | CN¥1.10bn |
| Shareholders' equity | CN¥2.87bn | CN¥2.04bn | CN¥2.86bn | CN¥2.86bn | CN¥2.83bn | CN¥2.72bn | CN¥2.70bn | CN¥3.46bn | CN¥3.17bn | CN¥3.12bn |
| Shares outstanding | 5,223m | 4,514m | 4,026m | 3,016m | 2,527m | 2,503m | 2,503m | 2,503m | 2,547m | 2,569m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥93.6m | CN¥270.6m | −CN¥292.4m | CN¥86.6m | CN¥82.2m | CN¥86.7m | CN¥548.2m | CN¥211.6m | CN¥482.0m | CN¥214.6m |
| Capital spending | −CN¥6.0m | −CN¥6.0m | −CN¥14.1m | −CN¥5.5m | −CN¥6.1m | −CN¥6.1m | −CN¥1.6m | −CN¥16.0m | −CN¥18.0m | −CN¥93.5m |
| Free cash flow | CN¥87.5m | CN¥264.7m | −CN¥306.4m | CN¥81.1m | CN¥76.1m | CN¥80.6m | CN¥546.6m | CN¥195.5m | CN¥464.1m | CN¥121.1m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −CN¥87.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥221.3m | CN¥189.4m | CN¥168.5m | CN¥74.4m | CN¥118.7m | CN¥121.0m | CN¥173.0m | CN¥128.1m |
| Gross profit | CN¥122.6m | CN¥104.3m | CN¥74.9m | CN¥26.4m | CN¥25.0m | CN¥21.9m | CN¥50.2m | CN¥27.7m |
| Operating income | CN¥49.6m | CN¥61.3m | CN¥38.3m | −CN¥90.7m | CN¥14.6m | −CN¥65.0m | CN¥3.0m | −CN¥112.1m |
| Net income | CN¥71.5m | CN¥50.0m | CN¥36.2m | −CN¥498.5m | CN¥7.7m | −CN¥290.2m | −CN¥13.5m | −CN¥110.3m |
| Diluted earnings per share | 0.01 | 0.01 | 0.01 | -0.11 | 0.00 | -0.07 | -0.00 | -0.04 |
| Cash from operations | — | CN¥110.0m | −CN¥17.0m | CN¥189.0m | CN¥81.0m | −CN¥246.0m | −CN¥45.0m | CN¥46.0m |
| Capital spending | — | −CN¥2.0m | −CN¥3.0m | — | −CN¥5.0m | −CN¥9.0m | −CN¥4.0m | −CN¥4.0m |
| Free cash flow | — | CN¥108.0m | −CN¥20.0m | — | CN¥76.0m | −CN¥255.0m | −CN¥49.0m | CN¥42.0m |
| Total assets | CN¥3.91bn | CN¥3.75bn | CN¥3.47bn | CN¥3.00bn | CN¥3.88bn | CN¥3.99bn | CN¥4.26bn | CN¥4.14bn |
| Cash and short-term investments | CN¥1.19bn | CN¥147.1m | CN¥1.19bn | CN¥1.10bn | CN¥52.9m | CN¥1.02bn | CN¥26.5m | CN¥89.9m |
| Debt | CN¥546.1m | CN¥641.9m | CN¥671.6m | CN¥522.5m | CN¥448.5m | CN¥758.8m | CN¥623.1m | CN¥766.3m |
| Shareholders' equity | CN¥2.96bn | CN¥2.87bn | CN¥2.47bn | CN¥2.04bn | CN¥2.96bn | CN¥2.86bn | CN¥3.18bn | CN¥2.86bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.1% | 27.2% | 24.7% | 28.9% | 41.7% | 43.6% |
| Operating margin | 21.9% | -46.8% | -99.6% | -26.8% | 8.3% | 13.7% |
| Net margin | 24.1% | -254.2% | -112.2% | -32.8% | 10.3% | 3.4% |
| Return on equity | 3.0% | -24.1% | -12.4% | -3.6% | 1.7% | 0.6% |
| Return on assets | 2.3% | -16.4% | -8.9% | -2.5% | 1.1% | 0.4% |
| Free cash flow yield | 4.6% | 17.3% | -16.7% | 7.4% | 8.4% | 8.9% |
| Revenue growth | 58.5% | -28.2% | 0.8% | -31.6% | -7.5% | -31.7% |
| Earnings growth | -115.0% | 62.7% | 244.4% | -318.2% | 176.6% | -102.3% |
| Current ratio | 2.50x | 1.55x | 1.56x | 1.61x | 1.63x | 1.59x |
| Debt to equity | 0.22x | 0.26x | 0.27x | 0.27x | 0.27x | 0.34x |
| Equity ratio | 76.7% | 67.9% | 71.7% | 69.1% | 68.2% | 65.6% |
| Interest coverage | 1.94x | -3.02x | -9.32x | -2.22x | 1.09x | 1.50x |
| Buybacks as a share of market value | -15.7% | -12.1% | -33.5% | -19.3% | -1.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | -6.2% | -8.1% |
| Operating income | — | 4.2% | -12.0% |
| Net income | — | 38.4% | -11.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.1% | 33.9% | 37.9% | 51.0% |
| Operating margin | 4.3% | -12.2% | -1.2% | 25.3% |
| Net margin | -73.4% | -73.0% | -37.4% | -5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.0 | -2.8 | -2.4 | -10.2 | 25.7 | 101.4 | -1.5 | 5.8 | 7.9 | 7.6 |
| Price to sales | 7.2 | 7.1 | 2.6 | 3.4 | 2.6 | 3.5 | 1.5 | 2.1 | 2.7 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.08 | 0.06 | 0.03 |
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.