C 
0.21
+15.73%
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¥58.2m
FY2016FY2025
Net income
−CN¥137.4m
FY2016FY2025
Free cash flow
CN¥27.5m
FY2016FY2025
Shareholders' equity
−CN¥1.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥58.2m | CN¥15.7m | CN¥23.0m | CN¥109.3m | CN¥267.5m | CN¥676.2m | CN¥949.1m | CN¥889.5m | CN¥1.34bn | CN¥724.8m |
| Research and development | — | CN¥2.0m | — | CN¥7.9m | — | — | — | — | — | — |
| Operating income | −CN¥151.8m | −CN¥135.4m | −CN¥387.9m | −CN¥407.0m | CN¥31.4m | CN¥141.5m | CN¥135.2m | CN¥132.1m | CN¥222.8m | CN¥232.8m |
| Net income | −CN¥137.4m | −CN¥124.8m | −CN¥458.8m | −CN¥422.3m | CN¥4.5m | CN¥78.3m | CN¥71.4m | CN¥59.2m | CN¥155.6m | CN¥151.7m |
| Diluted earnings per share | -0.23 | -0.22 | -1.37 | -1.26 | 0.01 | 0.23 | 0.02 | 0.18 | 0.46 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.03bn | CN¥1.76bn | CN¥1.82bn | CN¥2.94bn | CN¥3.36bn | CN¥3.45bn | CN¥3.36bn | CN¥3.40bn | CN¥4.02bn | CN¥1.81bn |
| Cash and short-term investments | CN¥15.0m | CN¥1.5m | CN¥56.3m | CN¥2.8m | CN¥77.5m | CN¥309.3m | CN¥229.9m | CN¥431.1m | CN¥522.3m | CN¥127.9m |
| Total liabilities | CN¥2.00bn | CN¥1.64bn | CN¥1.75bn | CN¥2.35bn | CN¥2.31bn | CN¥2.43bn | CN¥2.46bn | CN¥2.51bn | CN¥3.10bn | CN¥1.16bn |
| Debt | CN¥694.7m | CN¥614.0m | CN¥714.3m | CN¥813.8m | CN¥793.0m | CN¥746.6m | CN¥798.5m | CN¥1.00bn | CN¥929.9m | CN¥405.2m |
| Shareholders' equity | −CN¥1.5m | CN¥99.8m | CN¥49.0m | CN¥563.1m | CN¥1.02bn | CN¥995.9m | CN¥884.2m | CN¥844.9m | CN¥842.6m | CN¥651.1m |
| Shares outstanding | 604m | 577m | 334m | 334m | 334m | 334m | 3,343m | 334m | 336m | 331m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥27.5m | −CN¥3.7m | CN¥72.3m | −CN¥9.6m | −CN¥23.0m | CN¥65.8m | CN¥152.4m | CN¥60.3m | CN¥184.0m | −CN¥165.9m |
| Capital spending | −CN¥2 | −CN¥241,396 | −CN¥1,712 | −CN¥19,000 | −CN¥162,000 | −CN¥2.4m | −CN¥1.7m | −CN¥106.0m | −CN¥80.9m | −CN¥1.6m |
| Free cash flow | CN¥27.5m | −CN¥4.0m | CN¥72.3m | −CN¥9.7m | −CN¥23.1m | CN¥63.5m | CN¥150.7m | −CN¥45.7m | CN¥103.1m | −CN¥167.5m |
| Dividends paid | — | — | — | — | — | — | — | −CN¥38.5m | −CN¥35.0m | −CN¥39.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥21.7m | CN¥51.7m | CN¥7.2m | CN¥14.9m | CN¥874,846 | CN¥18.5m | CN¥5.3m | CN¥14.0m |
| Operating income | −CN¥10.9m | −CN¥147.0m | −CN¥6.3m | −CN¥127.7m | −CN¥9.8m | −CN¥1.1m | −CN¥17.8m | −CN¥408.1m |
| Net income | −CN¥53.5m | −CN¥109.7m | −CN¥29.6m | −CN¥120.4m | −CN¥4.3m | −CN¥435.5m | −CN¥27.2m | −CN¥423.2m |
| Diluted earnings per share | -0.09 | -0.18 | -0.05 | -0.21 | -0.01 | -1.30 | -0.08 | -1.27 |
| Cash from operations | — | CN¥32.0m | −CN¥5.0m | CN¥6.0m | −CN¥10.0m | CN¥85.0m | — | −CN¥40.0m |
| Total assets | CN¥2.00bn | CN¥2.03bn | CN¥2.04bn | CN¥1.76bn | CN¥1.82bn | CN¥1.82bn | CN¥2.93bn | CN¥2.94bn |
| Cash and short-term investments | CN¥13.5m | CN¥15.0m | CN¥95.9m | CN¥1.5m | CN¥55.5m | CN¥56.3m | CN¥6.0m | CN¥2.8m |
| Debt | CN¥439.2m | CN¥675.5m | CN¥373.0m | CN¥614.0m | CN¥661.8m | CN¥714.3m | CN¥829.8m | CN¥813.8m |
| Shareholders' equity | −CN¥28.7m | −CN¥1.5m | CN¥99.3m | CN¥99.8m | CN¥160.0m | CN¥49.0m | CN¥538.8m | CN¥563.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.0% | -38.8% | -21.1% |
| Operating income | -28.0% | — | — |
| Net income | -31.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -388.5% | -524.7% | -79.1% | 0.5% |
| Net margin | -354.7% | -554.4% | -92.2% | -8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.2 | -0.7 | -0.5 | 75.0 | 8.1 | 108.1 | 17.5 | 18.2 | 15.8 |
| Price to sales | 1.9 | 9.5 | 13.8 | 2.1 | 1.3 | 0.9 | 8.1 | 1.2 | 2.1 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|
| Paid in the year | 0.14 | 0.12 | 0.14 | 0.001 |
- 10-to-1 reverse split · 11 Nov 2025
- 4-for-1 split · 19 Aug 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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