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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¥65.7m
FY2016FY2025
Net income
−CN¥87.2m
FY2016FY2025
Free cash flow
−CN¥11.0m
FY2016FY2025
Shareholders' equity
−CN¥293.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥65.7m | CN¥102.4m | CN¥161.0m | CN¥132.0m | CN¥502.9m | CN¥606.4m | CN¥980.3m | CN¥1.61bn | CN¥1.20bn | CN¥941.6m |
| Gross profit | CN¥2.9m | CN¥23.9m | CN¥59.5m | CN¥2.0m | CN¥99.7m | CN¥58.8m | CN¥103.1m | CN¥428.0m | CN¥373.7m | CN¥270.6m |
| Operating income | −CN¥63.4m | −CN¥58.9m | −CN¥65.8m | −CN¥204.3m | −CN¥85.9m | −CN¥159.1m | −CN¥151.0m | CN¥93.9m | CN¥209.7m | CN¥126.4m |
| Net income | −CN¥87.2m | −CN¥75.1m | −CN¥21.2m | −CN¥199.7m | −CN¥121.5m | −CN¥91.2m | −CN¥140.7m | CN¥86.4m | CN¥159.9m | CN¥80.7m |
| Diluted earnings per share | -0.03 | -0.03 | -0.01 | -0.11 | -0.13 | -0.10 | -0.14 | 0.09 | 0.16 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥139.7m | CN¥169.1m | CN¥243.3m | CN¥366.9m | CN¥374.9m | CN¥676.9m | CN¥1.34bn | CN¥1.43bn | CN¥1.10bn | CN¥1.10bn |
| Cash and short-term investments | CN¥4.4m | CN¥3.4m | CN¥12.8m | CN¥59.9m | CN¥39.6m | CN¥36.0m | CN¥136.3m | CN¥123.9m | CN¥26.2m | CN¥73.6m |
| Total liabilities | CN¥435.3m | CN¥370.1m | CN¥373.9m | CN¥498.4m | CN¥426.1m | CN¥600.1m | CN¥1.15bn | CN¥1.06bn | CN¥713.1m | CN¥943.2m |
| Debt | CN¥272.8m | CN¥266.4m | CN¥206.7m | CN¥177.3m | CN¥159.6m | CN¥218.0m | CN¥507.1m | CN¥323.6m | CN¥149.7m | CN¥277.2m |
| Shareholders' equity | −CN¥293.6m | −CN¥200.3m | −CN¥125.3m | −CN¥127.0m | −CN¥49.5m | CN¥76.6m | CN¥197.2m | CN¥367.3m | CN¥382.8m | CN¥158.8m |
| Shares outstanding | 3,226m | 2,674m | 2,674m | 1,821m | 924m | 932m | 1,000m | 1,000m | 1,000m | 750m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥10.2m | −CN¥33.2m | −CN¥13.3m | −CN¥141.6m | CN¥76.9m | −CN¥46.5m | CN¥132.9m | CN¥70.9m | CN¥11.4m | −CN¥16.4m |
| Capital spending | −CN¥790,015 | −CN¥716,152 | −CN¥3.4m | −CN¥12.6m | −CN¥2.5m | −CN¥68.0m | −CN¥55.5m | −CN¥10.9m | −CN¥23.8m | −CN¥5.6m |
| Free cash flow | −CN¥11.0m | −CN¥33.9m | −CN¥16.7m | −CN¥154.1m | CN¥74.4m | −CN¥114.5m | CN¥77.4m | CN¥60.1m | −CN¥12.4m | −CN¥22.0m |
| Dividends paid | — | — | — | — | — | — | −CN¥11.3m | −CN¥47.5m | −CN¥143.3m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.3m | CN¥23.8m | CN¥41.9m | CN¥38.0m | CN¥22.2m | CN¥64.3m | CN¥37.5m | CN¥84.6m |
| Gross profit | CN¥127,140 | −CN¥8.3m | CN¥11.2m | CN¥6.5m | CN¥3.8m | CN¥17.4m | CN¥10.1m | CN¥37.6m |
| Operating income | −CN¥13.3m | −CN¥24.5m | −CN¥19.5m | −CN¥75.5m | −CN¥44.1m | −CN¥20.2m | −CN¥11.8m | −CN¥51.9m |
| Net income | −CN¥18.1m | −CN¥58.3m | −CN¥28.9m | CN¥4.0m | CN¥2.3m | −CN¥79.1m | −CN¥46.2m | −CN¥9.4m |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | 0.00 | 0.00 | -0.03 | -0.02 | -0.00 |
| Cash from operations | — | −CN¥13.0m | CN¥4.0m | −CN¥15.0m | — | −CN¥17.0m | −CN¥10.0m | CN¥19.0m |
| Capital spending | — | — | −CN¥1.0m | — | — | — | — | −CN¥2.0m |
| Free cash flow | — | — | CN¥3.0m | — | — | — | — | CN¥17.0m |
| Total assets | CN¥139.7m | CN¥139.7m | CN¥180.4m | CN¥169.1m | — | CN¥181.5m | CN¥211.9m | CN¥243.3m |
| Cash and short-term investments | CN¥3.7m | CN¥4.4m | CN¥4.8m | CN¥3.4m | — | CN¥14.2m | CN¥16.5m | CN¥12.8m |
| Debt | CN¥211.7m | CN¥272.7m | CN¥283.6m | CN¥266.4m | — | CN¥235.3m | CN¥209.0m | CN¥218.3m |
| Shareholders' equity | −CN¥282.1m | −CN¥293.6m | −CN¥236.1m | −CN¥200.3m | — | −CN¥208.8m | −CN¥243.8m | −CN¥125.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.7% | -35.9% | -23.2% |
| Operating income | -32.3% | -16.8% | — |
| Net income | -24.1% | -0.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.9% | 19.1% | 15.7% | 22.7% |
| Operating margin | -72.7% | -85.1% | -40.6% | -3.4% |
| Net margin | -96.5% | -83.1% | -37.9% | -4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -1.9 | -25.5 | -1.3 | -0.2 | -0.3 | -0.3 | 0.7 | 1.1 |
| Price to sales | 1.9 | 1.4 | 3.4 | 1.9 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Dec 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.013 | 0.001 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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