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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¥1.94bn
FY2016FY2025
Net income
−CN¥623.0m
FY2016FY2025
Free cash flow
CN¥44.5m
FY2016FY2025
Shareholders' equity
CN¥468.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.94bn | CN¥1.86bn | CN¥2.45bn | CN¥3.67bn | CN¥2.84bn | CN¥1.35bn | CN¥1.19bn | CN¥1.07bn | CN¥814.6m | CN¥370.7m |
| Gross profit | CN¥175.7m | CN¥121.3m | CN¥270.8m | CN¥1.53bn | CN¥1.33bn | CN¥619.9m | CN¥342.3m | CN¥251.4m | CN¥133.0m | −CN¥49.8m |
| Operating income | −CN¥335.3m | −CN¥303.9m | −CN¥488.7m | CN¥941.2m | CN¥898.6m | CN¥390.3m | CN¥77.5m | −CN¥23.0m | −CN¥600.9m | −CN¥652.9m |
| Net income | −CN¥623.0m | −CN¥543.7m | −CN¥746.2m | CN¥460.0m | CN¥645.1m | −CN¥270.2m | −CN¥269.3m | −CN¥413.5m | −CN¥1.07bn | −CN¥999.8m |
| Diluted earnings per share | -0.14 | -0.12 | -0.19 | 0.22 | 0.32 | -0.13 | -0.13 | -0.20 | -0.10 | -0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥11.61bn | CN¥10.20bn | CN¥12.50bn | CN¥13.22bn | CN¥12.13bn | CN¥11.25bn | CN¥10.96bn | CN¥10.64bn | CN¥10.43bn | CN¥11.16bn |
| Cash and short-term investments | CN¥43.8m | CN¥18.9m | CN¥46.7m | CN¥83.5m | CN¥14.5m | CN¥32.9m | CN¥18.0m | CN¥11.2m | CN¥22.6m | CN¥22.2m |
| Total liabilities | CN¥11.12bn | CN¥9.24bn | CN¥10.75bn | CN¥11.76bn | CN¥11.21bn | CN¥10.97bn | CN¥10.41bn | CN¥9.80bn | CN¥9.19bn | CN¥8.84bn |
| Debt | CN¥7.24bn | CN¥6.18bn | CN¥6.18bn | CN¥7.13bn | CN¥7.16bn | CN¥7.23bn | CN¥7.34bn | CN¥7.29bn | CN¥7.24bn | CN¥7.21bn |
| Shareholders' equity | CN¥468.4m | CN¥935.2m | CN¥1.73bn | CN¥1.43bn | CN¥894.4m | CN¥249.3m | CN¥519.5m | CN¥791.2m | CN¥1.20bn | CN¥2.28bn |
| Shares outstanding | 4,605m | 4,605m | 3,997m | 2,046m | 2,046m | 2,046m | 2,046m | 2,046m | 11,300m | 2,046m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥237.4m | CN¥196.9m | CN¥406.4m | CN¥683.6m | CN¥497.2m | CN¥550.3m | CN¥277.4m | CN¥385.7m | CN¥95.2m | −CN¥235.7m |
| Capital spending | −CN¥192.9m | −CN¥151.4m | −CN¥383.3m | −CN¥393.9m | −CN¥410.8m | −CN¥367.5m | −CN¥135.9m | −CN¥229.6m | −CN¥186.0m | −CN¥127.4m |
| Free cash flow | CN¥44.5m | CN¥45.5m | CN¥23.0m | CN¥289.7m | CN¥86.4m | CN¥182.8m | CN¥141.6m | CN¥156.1m | −CN¥90.8m | −CN¥363.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥873.0m | CN¥930.8m | CN¥1.01bn | CN¥1.07bn | CN¥794.0m | CN¥873.0m | CN¥509.3m | CN¥1.43bn |
| Gross profit | CN¥25.4m | CN¥81.7m | CN¥94.0m | CN¥158.4m | −CN¥37.1m | −CN¥17.3m | −CN¥10.1m | CN¥291.0m |
| Operating income | −CN¥97.4m | −CN¥153.4m | −CN¥117.1m | −CN¥78.8m | −CN¥196.2m | −CN¥209.1m | −CN¥122.0m | −CN¥17.3m |
| Net income | −CN¥166.7m | −CN¥376.9m | −CN¥246.1m | −CN¥240.6m | −CN¥303.1m | −CN¥629.8m | −CN¥367.4m | −CN¥11.3m |
| Diluted earnings per share | -0.04 | -0.08 | -0.05 | -0.05 | -0.07 | -0.16 | -0.09 | -0.00 |
| Cash from operations | — | CN¥178.0m | CN¥67.0m | CN¥173.0m | CN¥23.0m | −CN¥31.0m | −CN¥15.0m | CN¥437.0m |
| Capital spending | — | −CN¥126.0m | −CN¥75.0m | −CN¥108.0m | −CN¥43.0m | −CN¥270.0m | −CN¥135.0m | −CN¥112.0m |
| Free cash flow | — | CN¥52.0m | −CN¥8.0m | CN¥65.0m | −CN¥20.0m | −CN¥301.0m | −CN¥150.0m | CN¥325.0m |
| Total assets | CN¥11.61bn | CN¥11.61bn | CN¥11.81bn | CN¥10.20bn | CN¥10.35bn | CN¥12.50bn | CN¥12.50bn | CN¥13.33bn |
| Cash and short-term investments | CN¥9.1m | CN¥43.8m | CN¥12.0m | CN¥18.9m | CN¥10.3m | CN¥46.7m | CN¥46.7m | CN¥43.7m |
| Debt | CN¥6.24bn | CN¥7.25bn | CN¥7.22bn | CN¥6.18bn | CN¥6.19bn | CN¥7.22bn | CN¥4.27bn | CN¥6.39bn |
| Shareholders' equity | CN¥301.6m | CN¥468.4m | CN¥845.1m | CN¥935.2m | CN¥1.18bn | CN¥1.73bn | CN¥1.73bn | CN¥3.82bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.2% | 7.5% | 16.5% |
| Net income | — | 18.2% | -12.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.8% | 21.1% | 28.7% | 26.3% |
| Operating margin | -16.8% | -1.9% | 7.8% | 1.0% |
| Net margin | -30.7% | -14.6% | -7.6% | -34.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.5 | -0.6 | 1.5 | 1.3 | -1.4 | -1.9 | -1.1 | -2.1 | -0.3 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 2.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jul 2012.
| FY2012 | FY2011 | FY2010 | FY2008 | |
|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.001 | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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