C 
0.12
-0.84%
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¥1.70bn
FY2016FY2025
Net income
−CN¥123.9m
FY2016FY2025
Free cash flow
CN¥19.6m
FY2016FY2025
Shareholders' equity
CN¥765.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.70bn | CN¥1.75bn | CN¥2.33bn | CN¥1.65bn | CN¥2.49bn | CN¥3.37bn | CN¥2.66bn | CN¥1.60bn | CN¥1.20bn | CN¥800.2m |
| Gross profit | CN¥47.7m | CN¥46.9m | CN¥138.8m | CN¥98.3m | CN¥208.8m | CN¥628.1m | CN¥682.4m | CN¥189.9m | CN¥193.6m | CN¥62.8m |
| Operating income | −CN¥67.2m | −CN¥59.8m | CN¥96.5m | −CN¥99.1m | CN¥113.7m | CN¥570.8m | CN¥615.4m | CN¥144.0m | CN¥157.8m | CN¥40.5m |
| Net income | −CN¥123.9m | −CN¥141.9m | CN¥9.4m | −CN¥297.7m | CN¥35.8m | CN¥331.7m | CN¥317.7m | CN¥108.2m | CN¥59.5m | CN¥37.1m |
| Diluted earnings per share | -0.14 | -0.18 | 0.01 | -0.37 | 0.05 | 0.43 | 0.51 | 0.14 | 0.07 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.69bn | CN¥5.35bn | CN¥6.07bn | CN¥5.38bn | CN¥6.94bn | CN¥6.46bn | CN¥6.12bn | CN¥6.36bn | CN¥4.63bn | CN¥3.06bn |
| Cash and short-term investments | CN¥393.7m | CN¥183.2m | CN¥252.5m | CN¥257.8m | CN¥319.7m | CN¥183.9m | CN¥321.9m | CN¥98.8m | CN¥69.0m | CN¥42.4m |
| Total liabilities | CN¥4.92bn | CN¥4.62bn | CN¥5.06bn | CN¥4.52bn | CN¥5.59bn | CN¥5.14bn | CN¥5.04bn | CN¥4.68bn | CN¥3.67bn | CN¥2.16bn |
| Debt | CN¥1.44bn | CN¥1.17bn | CN¥1.05bn | CN¥775.7m | CN¥800.0m | CN¥581.4m | CN¥790.0m | CN¥914.0m | CN¥220.0m | CN¥90.0m |
| Shareholders' equity | CN¥765.9m | CN¥732.4m | CN¥1.01bn | CN¥857.2m | CN¥1.35bn | CN¥1.32bn | CN¥1.09bn | CN¥1.68bn | CN¥964.0m | CN¥904.6m |
| Shares outstanding | 878m | 809m | 809m | 809m | 790m | 780m | 628m | 800m | 800m | 800m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥158.3m | CN¥30.9m | −CN¥24.8m | −CN¥142.1m | −CN¥151.4m | CN¥232.9m | CN¥114.4m | −CN¥665.7m | −CN¥194.8m | CN¥165.0m |
| Capital spending | −CN¥138.7m | −CN¥33.0m | −CN¥1.5m | −CN¥215,997 | −CN¥4.4m | −CN¥14.6m | −CN¥60.9m | −CN¥24.9m | −CN¥28.0m | −CN¥2.0m |
| Free cash flow | CN¥19.6m | −CN¥2.1m | −CN¥26.3m | −CN¥142.3m | −CN¥155.8m | CN¥218.4m | CN¥53.5m | −CN¥690.6m | −CN¥222.8m | CN¥163.0m |
| Dividends paid | — | — | — | — | — | −CN¥36.4m | −CN¥1.34bn | −CN¥36.4m | −CN¥36.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥363.6m | CN¥869.6m | CN¥827.3m | CN¥1.04bn | CN¥703.8m | CN¥1.52bn | CN¥809.4m | CN¥797.1m |
| Gross profit | CN¥10.9m | CN¥8.2m | CN¥39.4m | CN¥17.0m | CN¥30.0m | CN¥61.4m | CN¥77.4m | CN¥31.8m |
| Operating income | −CN¥36.2m | −CN¥58.0m | −CN¥9.2m | −CN¥63.9m | CN¥4.1m | CN¥53.2m | CN¥53.5m | −CN¥122.6m |
| Net income | −CN¥63.8m | −CN¥86.6m | −CN¥37.3m | −CN¥117.2m | −CN¥24.7m | CN¥6.8m | CN¥2.7m | −CN¥260.7m |
| Diluted earnings per share | -0.07 | -0.10 | -0.04 | -0.14 | -0.03 | 0.01 | 0.00 | -0.32 |
| Cash from operations | −CN¥20.0m | CN¥158.0m | −CN¥108.0m | CN¥150.0m | −CN¥119.0m | CN¥65.0m | −CN¥90.0m | −CN¥189.0m |
| Capital spending | — | −CN¥138.0m | — | −CN¥33.0m | — | −CN¥1.0m | — | — |
| Free cash flow | — | CN¥20.0m | — | CN¥117.0m | — | CN¥64.0m | — | — |
| Total assets | CN¥5.20bn | CN¥5.69bn | CN¥6.10bn | CN¥5.35bn | CN¥5.41bn | CN¥5.20bn | CN¥5.27bn | CN¥5.38bn |
| Cash and short-term investments | CN¥313.1m | CN¥393.7m | CN¥163.7m | CN¥183.2m | CN¥309.9m | CN¥216.4m | CN¥184.1m | CN¥191.1m |
| Debt | CN¥497.9m | CN¥1.44bn | CN¥1.45bn | CN¥1.17bn | CN¥1.20bn | CN¥897.3m | CN¥906.7m | CN¥775.7m |
| Shareholders' equity | CN¥705.5m | CN¥765.9m | CN¥843.9m | CN¥732.4m | CN¥844.2m | CN¥869.1m | CN¥857.3m | CN¥857.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.0% | -13.9% | — |
| Operating income | -12.1% | — | — |
| Net income | -25.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.7% | 4.5% | 8.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.1 | 15.3 | -0.7 | 30.0 | 2.6 | 1.7 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Oct 2020.
| FY2020 | |
|---|---|
| Paid in the year | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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