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+4.35%
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¥3.35bn
FY2016FY2025
Net income
−CN¥205.7m
FY2016FY2025
Free cash flow
CN¥961.6m
FY2016FY2025
Shareholders' equity
−CN¥15.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.35bn | CN¥11.23bn | CN¥18.00bn | CN¥24.42bn | CN¥43.64bn | CN¥38.58bn | CN¥42.43bn | CN¥34.38bn | CN¥23.11bn | CN¥16.21bn |
| Operating income | −CN¥16.99bn | −CN¥6.87bn | −CN¥783.8m | CN¥175.2m | CN¥9.50bn | CN¥9.01bn | CN¥11.27bn | CN¥8.76bn | CN¥5.27bn | CN¥3.40bn |
| Net income | −CN¥205.7m | −CN¥14.23bn | −CN¥3.86bn | −CN¥9.86bn | CN¥3.26bn | CN¥4.94bn | CN¥5.21bn | CN¥4.40bn | CN¥2.67bn | CN¥1.96bn |
| Diluted earnings per share | -0.07 | -6.77 | -1.84 | -4.69 | 1.64 | 2.54 | 2.68 | 2.39 | 1.42 | 1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥64.90bn | CN¥75.85bn | CN¥121.11bn | CN¥149.93bn | CN¥198.39bn | CN¥191.50bn | CN¥161.10bn | CN¥129.05bn | CN¥101.38bn | CN¥69.09bn |
| Cash and short-term investments | CN¥1.08bn | CN¥720.0m | CN¥1.73bn | CN¥2.74bn | CN¥14.72bn | CN¥33.53bn | CN¥25.87bn | CN¥23.59bn | CN¥14.26bn | CN¥8.92bn |
| Total liabilities | CN¥72.73bn | CN¥82.59bn | CN¥110.45bn | CN¥130.02bn | CN¥155.74bn | CN¥155.62bn | CN¥125.39bn | CN¥96.76bn | CN¥73.43bn | CN¥52.90bn |
| Debt | CN¥33.24bn | CN¥44.26bn | CN¥49.96bn | CN¥50.28bn | CN¥56.63bn | CN¥64.68bn | CN¥54.44bn | CN¥47.63bn | CN¥33.29bn | CN¥20.80bn |
| Shareholders' equity | −CN¥15.66bn | −CN¥14.07bn | CN¥633.4m | CN¥5.75bn | CN¥19.26bn | CN¥18.78bn | CN¥19.09bn | CN¥16.95bn | CN¥15.57bn | CN¥9.13bn |
| Shares outstanding | 2,981m | 2,102m | 2,102m | 2,102m | 1,985m | 1,942m | 1,942m | 1,838m | 1,875m | 1,834m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥963.8m | CN¥1.15bn | CN¥3.64bn | −CN¥510.6m | CN¥129.0m | CN¥1.31bn | CN¥789.1m | −CN¥522.9m | −CN¥6.58bn | −CN¥558.8m |
| Capital spending | −CN¥2.2m | −CN¥4.3m | −CN¥22.3m | −CN¥35.7m | −CN¥50.1m | −CN¥168.3m | −CN¥139.3m | −CN¥188.0m | −CN¥288.1m | −CN¥79.6m |
| Free cash flow | CN¥961.6m | CN¥1.14bn | CN¥3.62bn | −CN¥546.3m | CN¥78.9m | CN¥1.14bn | CN¥649.8m | −CN¥710.9m | −CN¥6.87bn | −CN¥638.3m |
| Dividends paid | — | — | — | — | −CN¥1.05bn | −CN¥1.64bn | −CN¥1.50bn | −CN¥759.8m | −CN¥542.8m | −CN¥269.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.24bn | CN¥1.08bn | CN¥2.27bn | CN¥6.01bn | CN¥5.22bn | CN¥9.49bn | CN¥9.93bn | CN¥17.93bn |
| Operating income | −CN¥63.0m | −CN¥13.66bn | −CN¥92.3m | −CN¥7.03bn | CN¥158.3m | −CN¥1.01bn | −CN¥632.6m | −CN¥1.47bn |
| Net income | CN¥3.69bn | CN¥3.23bn | −CN¥3.44bn | −CN¥11.64bn | −CN¥2.59bn | −CN¥2.41bn | −CN¥1.69bn | −CN¥9.89bn |
| Diluted earnings per share | 0.89 | 1.08 | -1.15 | -5.54 | -1.23 | -1.15 | -0.80 | -4.70 |
| Cash from operations | — | −CN¥83.0m | CN¥596.0m | CN¥605.0m | CN¥542.0m | CN¥1.67bn | CN¥2.58bn | CN¥3.18bn |
| Capital spending | — | — | −CN¥2.0m | −CN¥1.0m | −CN¥1.0m | −CN¥1.0m | −CN¥4.0m | −CN¥2.0m |
| Free cash flow | — | — | CN¥594.0m | CN¥604.0m | CN¥541.0m | CN¥1.67bn | CN¥2.58bn | CN¥3.18bn |
| Total assets | CN¥60.18bn | CN¥64.90bn | CN¥81.59bn | CN¥75.85bn | CN¥98.57bn | CN¥103.75bn | CN¥138.39bn | CN¥149.93bn |
| Cash and short-term investments | CN¥1.08bn | CN¥1.08bn | CN¥612.0m | CN¥720.0m | CN¥1.32bn | CN¥1.48bn | CN¥2.17bn | CN¥2.74bn |
| Debt | CN¥13.55bn | CN¥33.26bn | CN¥50.21bn | CN¥43.74bn | CN¥42.89bn | CN¥42.35bn | CN¥51.13bn | CN¥56.57bn |
| Shareholders' equity | −CN¥11.62bn | −CN¥15.66bn | −CN¥19.54bn | −CN¥14.07bn | −CN¥2.14bn | CN¥542.6m | CN¥2.85bn | CN¥5.75bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -48.4% | -38.7% | -13.1% |
| Net income | -72.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -163.7% | -42.9% | -4.3% | 9.5% |
| Net margin | -99.0% | -49.4% | -14.3% | -1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -0.1 | -0.1 | -0.2 | 1.3 | 2.3 | 3.2 | 2.0 | 3.0 | 1.9 |
| Price to sales | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.001 | 0.001 | 0.005 | 0.004 | 0.002 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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