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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¥632.8m
FY2016FY2025
Net income
−CN¥236.4m
FY2016FY2025
Free cash flow
−CN¥4.5m
FY2016FY2025
Shareholders' equity
CN¥455.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥632.8m | CN¥552.3m | CN¥570.8m | CN¥937.8m | CN¥1.19bn | CN¥568.0m | CN¥815.5m | CN¥854.8m | CN¥869.1m | CN¥757.1m |
| Gross profit | CN¥84.1m | CN¥65.8m | CN¥84.8m | CN¥163.7m | CN¥417.2m | CN¥94.1m | CN¥270.2m | CN¥292.3m | CN¥274.4m | CN¥268.8m |
| Operating income | −CN¥25.4m | −CN¥52.5m | −CN¥400.1m | CN¥57.3m | CN¥304.9m | −CN¥38.4m | CN¥146.2m | CN¥145.3m | −CN¥255.6m | CN¥155.7m |
| Net income | −CN¥236.4m | −CN¥247.7m | −CN¥469.7m | CN¥60.8m | CN¥203.1m | −CN¥70.6m | −CN¥99.0m | CN¥41.5m | −CN¥357.0m | CN¥85.7m |
| Diluted earnings per share | -0.14 | -0.15 | -0.29 | 0.04 | 0.12 | -0.04 | -0.06 | 0.03 | -0.22 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.61bn | CN¥1.59bn | CN¥1.88bn | CN¥2.42bn | CN¥2.51bn | CN¥2.33bn | CN¥2.33bn | CN¥2.22bn | CN¥2.28bn | CN¥2.60bn |
| Cash and short-term investments | CN¥231.7m | CN¥29.6m | CN¥29.5m | CN¥56.1m | CN¥104.1m | CN¥20.2m | CN¥461.6m | CN¥66.0m | CN¥65.7m | CN¥97.3m |
| Total liabilities | CN¥1.15bn | CN¥1.00bn | CN¥1.06bn | CN¥910.1m | CN¥1.05bn | CN¥1.08bn | CN¥1.01bn | CN¥801.8m | CN¥901.6m | CN¥869.0m |
| Debt | CN¥889.4m | CN¥745.9m | CN¥781.6m | CN¥515.9m | CN¥561.9m | CN¥611.7m | CN¥562.4m | CN¥280.0m | CN¥320.0m | CN¥310.0m |
| Shareholders' equity | CN¥455.0m | CN¥588.2m | CN¥825.9m | CN¥1.51bn | CN¥1.45bn | CN¥1.25bn | CN¥1.32bn | CN¥1.42bn | CN¥1.38bn | CN¥1.73bn |
| Shares outstanding | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m | 1,635m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥49.6m | CN¥137.0m | CN¥45.6m | CN¥193.5m | CN¥531.8m | CN¥214.1m | CN¥394.2m | −CN¥182.5m | CN¥60.5m | CN¥369.2m |
| Capital spending | −CN¥54.1m | −CN¥34.5m | −CN¥131.2m | −CN¥167.1m | −CN¥672.5m | −CN¥369.4m | −CN¥273.2m | −CN¥25.6m | −CN¥31.7m | −CN¥160.6m |
| Free cash flow | −CN¥4.5m | CN¥102.5m | −CN¥85.6m | CN¥26.4m | −CN¥140.6m | −CN¥155.3m | CN¥121.0m | −CN¥208.2m | CN¥28.8m | CN¥208.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥306.1m | CN¥359.6m | CN¥273.1m | CN¥275.4m | CN¥276.9m | CN¥266.5m | CN¥355.8m | CN¥400.6m |
| Gross profit | CN¥49.8m | CN¥79.3m | CN¥4.8m | CN¥25.9m | CN¥39.9m | CN¥13.0m | CN¥83.9m | CN¥24.1m |
| Operating income | CN¥9.4m | CN¥31.7m | −CN¥57.0m | −CN¥32.1m | −CN¥18.8m | −CN¥58.2m | CN¥23.9m | −CN¥29.0m |
| Net income | −CN¥12.3m | −CN¥158.1m | −CN¥75.6m | −CN¥204.5m | −CN¥43.3m | −CN¥413.5m | −CN¥65.7m | CN¥16.0m |
| Diluted earnings per share | -0.01 | -0.10 | -0.05 | -0.13 | -0.03 | -0.25 | -0.04 | 0.01 |
| Cash from operations | −CN¥23.0m | CN¥48.0m | CN¥25.0m | CN¥114.0m | CN¥22.0m | CN¥119.0m | −CN¥98.0m | CN¥30.0m |
| Capital spending | −CN¥27.0m | −CN¥34.0m | −CN¥20.0m | −CN¥18.0m | −CN¥15.0m | −CN¥115.0m | −CN¥26.0m | −CN¥112.0m |
| Free cash flow | −CN¥50.0m | CN¥14.0m | CN¥5.0m | CN¥96.0m | CN¥7.0m | CN¥4.0m | −CN¥124.0m | −CN¥82.0m |
| Total assets | CN¥1.48bn | CN¥1.61bn | CN¥1.79bn | CN¥1.59bn | CN¥1.81bn | CN¥1.88bn | CN¥2.59bn | CN¥2.42bn |
| Cash and short-term investments | CN¥36.2m | CN¥231.7m | CN¥13.9m | CN¥29.6m | CN¥46.0m | CN¥29.5m | CN¥60.1m | CN¥56.1m |
| Debt | CN¥547.9m | CN¥889.3m | CN¥870.5m | CN¥745.9m | CN¥817.1m | CN¥781.6m | CN¥820.6m | CN¥515.9m |
| Shareholders' equity | CN¥442.4m | CN¥455.0m | CN¥612.0m | CN¥588.2m | CN¥782.6m | CN¥825.9m | CN¥1.45bn | CN¥1.51bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.3% | 2.2% | -1.7% |
| Operating income | — | -8.0% | -15.4% |
| Net income | — | 27.4% | 0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.7% | 14.8% | 20.4% | 26.8% |
| Operating margin | -6.6% | -15.6% | -3.5% | -1.1% |
| Net margin | -40.9% | -33.2% | -17.1% | -15.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.3 | -0.8 | 7.5 | 3.0 | -11.5 | -9.7 | 26.9 | -3.2 | 18.5 |
| Price to sales | 0.5 | 0.6 | 0.7 | 0.5 | 0.5 | 1.4 | 1.2 | 1.3 | 1.3 | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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