T 
0.24
—
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¥76.2m
FY2016FY2025
Net income
−CN¥32.6m
FY2016FY2025
Free cash flow
−CN¥12.1m
FY2016FY2025
Shareholders' equity
−CN¥329.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥76.2m | CN¥216.7m | CN¥340.9m | CN¥329.9m | CN¥323.3m | CN¥362.8m | CN¥381.5m | CN¥396.0m | CN¥379.0m | CN¥375.7m |
| Gross profit | CN¥5.7m | −CN¥3.8m | CN¥9.2m | CN¥49.5m | CN¥45.4m | CN¥64.6m | CN¥58.3m | CN¥56.2m | CN¥112.0m | CN¥111.0m |
| Operating income | −CN¥33.5m | −CN¥64.0m | −CN¥64.8m | −CN¥5.8m | −CN¥4.5m | −CN¥10.7m | CN¥12.4m | −CN¥229.9m | CN¥56.3m | CN¥72.7m |
| Net income | −CN¥32.6m | −CN¥90.4m | −CN¥68.3m | −CN¥42.5m | −CN¥37.2m | −CN¥38.4m | −CN¥37.3m | −CN¥320.3m | −CN¥2.0m | CN¥15.8m |
| Diluted earnings per share | -0.08 | -0.23 | -0.35 | -0.26 | -0.23 | -0.06 | -0.10 | -4.65 | -0.03 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥176.7m | CN¥232.7m | CN¥273.4m | CN¥299.0m | CN¥297.2m | CN¥429.2m | CN¥442.4m | CN¥429.4m | CN¥746.1m | CN¥640.1m |
| Cash and short-term investments | CN¥23.2m | CN¥53.3m | CN¥23.0m | CN¥28.5m | CN¥50.3m | CN¥25.9m | CN¥46.7m | CN¥40.9m | CN¥64.7m | CN¥162.5m |
| Total liabilities | CN¥505.2m | CN¥495.0m | CN¥443.4m | CN¥423.5m | CN¥363.1m | CN¥469.1m | CN¥501.4m | CN¥469.3m | CN¥462.2m | CN¥394.7m |
| Debt | CN¥456.1m | CN¥418.9m | CN¥390.0m | CN¥357.7m | CN¥302.4m | CN¥387.8m | CN¥426.3m | CN¥401.9m | CN¥389.9m | CN¥233.9m |
| Shareholders' equity | −CN¥329.9m | −CN¥267.3m | −CN¥176.8m | −CN¥124.5m | −CN¥65.9m | −CN¥39.9m | −CN¥59.0m | −CN¥39.8m | CN¥283.9m | CN¥245.3m |
| Shares outstanding | 395m | 389m | 197m | 165m | 165m | 659m | 366m | 69m | 69m | 64m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥3.5m | CN¥6.2m | −CN¥40.5m | −CN¥12.4m | CN¥11.4m | CN¥656,187 | −CN¥10.2m | −CN¥32.3m | −CN¥54.8m | CN¥102.8m |
| Capital spending | −CN¥8.6m | −CN¥14.7m | −CN¥19.3m | −CN¥4.5m | −CN¥5.2m | −CN¥7.0m | −CN¥3.3m | −CN¥10.2m | −CN¥16.3m | −CN¥27.6m |
| Free cash flow | −CN¥12.1m | −CN¥8.5m | −CN¥59.7m | −CN¥16.9m | CN¥6.2m | −CN¥6.4m | −CN¥13.5m | −CN¥42.4m | −CN¥71.0m | CN¥75.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.2m | CN¥19.5m | CN¥56.7m | CN¥94.6m | CN¥122.1m | CN¥134.5m | CN¥157.5m | CN¥165.1m |
| Gross profit | −CN¥1.8m | CN¥4.9m | CN¥758,000 | −CN¥442,883 | −CN¥3.3m | CN¥495,138 | CN¥7.4m | CN¥23.6m |
| Operating income | −CN¥13.6m | −CN¥14.8m | −CN¥18.7m | −CN¥29.4m | −CN¥34.6m | −CN¥30.8m | −CN¥20.3m | −CN¥5.5m |
| Net income | −CN¥12.8m | −CN¥11.5m | −CN¥21.1m | −CN¥53.0m | −CN¥37.4m | −CN¥38.5m | −CN¥20.0m | −CN¥24.3m |
| Diluted earnings per share | -0.03 | -0.03 | -0.05 | -0.14 | -0.10 | -0.19 | -0.10 | -0.15 |
| Cash from operations | — | −CN¥3.0m | −CN¥6.0m | CN¥5.0m | CN¥1.0m | −CN¥13.0m | −CN¥21.0m | −CN¥8.0m |
| Capital spending | — | −CN¥8.0m | −CN¥6.0m | −CN¥9.0m | −CN¥4.0m | −CN¥3.0m | −CN¥13.0m | — |
| Free cash flow | — | −CN¥11.0m | −CN¥12.0m | −CN¥4.0m | −CN¥3.0m | −CN¥16.0m | −CN¥34.0m | — |
| Total assets | CN¥142.6m | CN¥176.7m | CN¥238.4m | CN¥232.7m | CN¥250.9m | CN¥319.1m | CN¥309.2m | CN¥299.0m |
| Cash and short-term investments | CN¥6.8m | CN¥23.2m | CN¥36.1m | CN¥53.3m | CN¥37.8m | CN¥19.3m | CN¥26.2m | CN¥28.5m |
| Debt | CN¥284.9m | CN¥456.0m | CN¥472.4m | CN¥418.9m | CN¥392.5m | CN¥455.2m | CN¥394.8m | CN¥357.7m |
| Shareholders' equity | −CN¥317.1m | −CN¥329.9m | −CN¥322.6m | −CN¥267.3m | −CN¥210.9m | −CN¥206.4m | −CN¥148.5m | −CN¥124.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.6% | -26.8% | -8.7% |
| Operating income | 79.4% | 25.6% | — |
| Net income | -8.5% | -3.3% | 28.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.6% | 6.3% | 10.3% | 16.3% |
| Operating margin | -33.3% | -17.4% | -11.1% | -7.6% |
| Net margin | -42.0% | -24.3% | -18.8% | -19.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.8 | -0.6 | -0.3 | -0.9 | -0.7 | -6.1 | -2.5 | -0.1 | -64.6 | 14.1 |
| Price to sales | 2.9 | 0.3 | 0.1 | 0.1 | 0.1 | 0.7 | 0.2 | 0.1 | 0.3 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Sept 2014.
| FY2014 | FY2013 | FY2012 | |
|---|---|---|---|
| Paid in the year | 0.005 | 0.004 | 0.192 |
- 4-to-1 reverse split · 29 Nov 2023
- 4-to-1 reverse split · 29 Jul 2020
- 10-to-1 reverse split · 22 Feb 2019
- 5-for-1 split · 5 Jun 2015
- 10-for-1 split · 4 Jun 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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