M 
0.85
+1.19%
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¥608.4m
FY2016FY2025
Net income
−CN¥59.0m
FY2016FY2025
Free cash flow
−CN¥22.4m
FY2016FY2025
Shareholders' equity
CN¥115.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥608.4m | CN¥332.9m | CN¥128.8m | CN¥142.4m | CN¥136.7m | CN¥115.8m | CN¥166.0m | CN¥214.4m | CN¥334.7m | CN¥368.8m |
| Research and development | CN¥710,000 | CN¥792,932 | — | CN¥4.6m | CN¥7.2m | CN¥7.4m | CN¥11.8m | CN¥11.1m | CN¥12.2m | CN¥8.3m |
| Operating income | −CN¥58.5m | −CN¥23.3m | −CN¥10.5m | −CN¥6.3m | −CN¥20.5m | −CN¥73.4m | −CN¥195.7m | −CN¥195.9m | −CN¥138.6m | −CN¥117.2m |
| Net income | −CN¥59.0m | −CN¥24.3m | −CN¥10.9m | −CN¥10.3m | −CN¥25.0m | −CN¥78.2m | −CN¥258.3m | −CN¥201.7m | −CN¥155.3m | −CN¥144.5m |
| Diluted earnings per share | -0.27 | -0.13 | -0.07 | -0.07 | -0.21 | -0.79 | -2.62 | -1.94 | -1.88 | -1.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥213.6m | CN¥176.3m | CN¥186.9m | CN¥238.1m | CN¥216.5m | CN¥238.1m | CN¥330.2m | CN¥590.3m | CN¥781.7m | CN¥882.1m |
| Cash and short-term investments | CN¥55.3m | CN¥33.9m | CN¥34.0m | CN¥36.7m | CN¥19.7m | CN¥39.2m | CN¥32.1m | CN¥43.6m | CN¥109.0m | CN¥213.8m |
| Total liabilities | CN¥98.2m | CN¥62.9m | CN¥63.9m | CN¥97.3m | CN¥78.3m | CN¥83.2m | CN¥98.6m | CN¥109.5m | CN¥124.0m | CN¥83.8m |
| Debt | CN¥10.1m | CN¥14.7m | CN¥14.5m | CN¥32.0m | CN¥56.8m | CN¥59.1m | CN¥58.5m | CN¥94.1m | CN¥84.8m | CN¥49.3m |
| Shareholders' equity | CN¥115.5m | CN¥113.3m | CN¥123.0m | CN¥140.9m | CN¥138.2m | CN¥154.9m | CN¥231.6m | CN¥480.8m | CN¥657.8m | CN¥798.3m |
| Shares outstanding | 221m | 187m | 158m | 142m | 118m | 98m | 98m | 104m | 82m | 82m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥7.4m | −CN¥30.5m | −CN¥2.4m | −CN¥11.0m | −CN¥12.3m | CN¥673,000 | CN¥14.0m | −CN¥73.3m | −CN¥51.3m | −CN¥238.8m |
| Capital spending | −CN¥15.0m | −CN¥10.1m | −CN¥5.0m | −CN¥669,000 | −CN¥6.1m | −CN¥2.9m | −CN¥6.9m | −CN¥5.1m | −CN¥7.0m | −CN¥28.7m |
| Free cash flow | −CN¥22.4m | −CN¥40.6m | −CN¥7.4m | −CN¥11.6m | −CN¥18.4m | −CN¥2.2m | CN¥7.0m | −CN¥78.4m | −CN¥58.3m | −CN¥267.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥203.5m | CN¥318.5m | CN¥289.9m | CN¥244.0m | CN¥88.9m | CN¥78.2m | CN¥59.2m | CN¥96.4m |
| Operating income | −CN¥15.9m | −CN¥54.4m | −CN¥4.1m | −CN¥22.7m | −CN¥667,192 | −CN¥9.4m | −CN¥3.2m | −CN¥648,771 |
| Net income | CN¥23.8m | −CN¥54.5m | −CN¥4.5m | −CN¥23.4m | −CN¥901,564 | −CN¥9.7m | −CN¥1.4m | CN¥3.5m |
| Diluted earnings per share | 0.11 | -0.25 | -0.02 | -0.13 | -0.00 | -0.06 | -0.01 | 0.02 |
| Cash from operations | — | −CN¥54.0m | CN¥52.0m | −CN¥88.0m | CN¥57.0m | −CN¥19.0m | CN¥16.0m | −CN¥63.0m |
| Capital spending | — | −CN¥15.0m | — | −CN¥10.0m | — | −CN¥5.0m | — | −CN¥2.0m |
| Free cash flow | — | −CN¥69.0m | — | −CN¥98.0m | — | −CN¥24.0m | — | −CN¥65.0m |
| Total assets | CN¥191.0m | CN¥213.6m | CN¥250.6m | CN¥176.3m | CN¥269.2m | CN¥186.9m | CN¥240.2m | CN¥238.1m |
| Cash and short-term investments | CN¥114.5m | CN¥55.3m | CN¥121.7m | CN¥33.9m | CN¥106.4m | CN¥34.0m | CN¥101.2m | CN¥36.7m |
| Debt | CN¥10.0m | CN¥10.1m | CN¥251,839 | CN¥14.7m | CN¥14.5m | CN¥14.5m | CN¥17.0m | CN¥32.0m |
| Shareholders' equity | CN¥140.1m | CN¥115.5m | CN¥169.9m | CN¥113.3m | CN¥136.5m | CN¥123.0m | CN¥155.4m | CN¥140.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 62.3% | 39.4% | 0.4% |
| Operating income | 109.7% | -4.4% | — |
| Net income | 78.8% | -5.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.7% | -8.1% | -13.1% | -24.0% |
| Net margin | -8.9% | -8.6% | -14.2% | -29.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.8 | -12.1 | -16.0 | -7.5 | -1.9 | -0.5 | -0.2 | -0.4 | -1.2 | -1.6 |
| Price to sales | 0.9 | 0.9 | 1.4 | 0.5 | 0.3 | 0.3 | 0.3 | 0.4 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 May 2015.
| FY2015 | FY2014 | |
|---|---|---|
| Paid in the year | 0.20 | 0.70 |
- 10-to-1 reverse split · 16 Mar 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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