D 
0.33
+8.33%
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¥6.9m
FY2016FY2025
Net income
−CN¥10.2m
FY2016FY2025
Free cash flow
−CN¥3.8m
FY2016FY2025
Shareholders' equity
−CN¥2.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.9m | CN¥18.5m | CN¥9.9m | CN¥40.5m | CN¥147.0m | CN¥149.1m | CN¥305.5m | CN¥435.7m | CN¥499.6m | CN¥466.1m |
| Research and development | — | — | — | — | — | — | — | — | CN¥10.9m | CN¥6.9m |
| Operating income | −CN¥4.5m | −CN¥6.0m | −CN¥34.5m | −CN¥32.7m | −CN¥98.1m | −CN¥162.6m | −CN¥57.7m | CN¥32.5m | CN¥73.8m | CN¥79.8m |
| Net income | −CN¥10.2m | −CN¥5.5m | −CN¥45.1m | −CN¥34.6m | −CN¥101.4m | −CN¥179.7m | −CN¥75.6m | CN¥19.3m | CN¥50.1m | CN¥53.2m |
| Diluted earnings per share | -0.01 | -0.00 | -0.05 | -0.05 | -0.16 | -0.37 | -0.16 | 0.04 | 0.13 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥83.3m | CN¥84.6m | CN¥70.0m | CN¥126.0m | CN¥153.7m | CN¥234.5m | CN¥502.7m | CN¥543.3m | CN¥516.4m | CN¥426.6m |
| Cash and short-term investments | CN¥4.8m | CN¥8.1m | CN¥1.1m | CN¥5.9m | CN¥2.8m | CN¥4.9m | CN¥51.0m | CN¥48.3m | CN¥74.3m | CN¥127.7m |
| Total liabilities | CN¥86.5m | CN¥76.2m | CN¥78.2m | CN¥103.8m | CN¥111.1m | CN¥90.5m | CN¥98.1m | CN¥91.0m | CN¥83.4m | CN¥134.8m |
| Debt | CN¥33.5m | CN¥29.3m | CN¥25.3m | CN¥38.0m | CN¥53.3m | CN¥49.3m | CN¥60.3m | CN¥69.2m | CN¥50.3m | CN¥85.0m |
| Shareholders' equity | −CN¥2.8m | CN¥6.7m | −CN¥6.2m | CN¥23.0m | CN¥42.6m | CN¥144.0m | CN¥404.6m | CN¥452.3m | CN¥433.0m | CN¥291.8m |
| Shares outstanding | 1,096m | 1,096m | 993m | 750m | 621m | 487m | 487m | 448m | 387m | 276m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥3.8m | CN¥2.4m | −CN¥12.9m | −CN¥9.0m | −CN¥5.8m | −CN¥25.1m | −CN¥10.4m | −CN¥38.3m | −CN¥34.1m | −CN¥18.2m |
| Capital spending | — | — | −CN¥14,463 | — | −CN¥93,583 | −CN¥13.7m | −CN¥3.8m | −CN¥5.3m | −CN¥75.8m | −CN¥4.3m |
| Free cash flow | −CN¥3.8m | CN¥2.4m | −CN¥13.0m | −CN¥9.0m | −CN¥5.8m | −CN¥38.7m | −CN¥14.3m | −CN¥43.7m | −CN¥109.8m | −CN¥22.5m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥952,328 | CN¥487,500 | CN¥3.1m | CN¥3.1m | CN¥2.2m | CN¥2.6m | CN¥7.1m | CN¥8.3m |
| Operating income | −CN¥6.6m | −CN¥3.4m | CN¥1.0m | CN¥1.0m | −CN¥4.0m | −CN¥4.4m | CN¥1.0m | CN¥1.2m |
| Net income | −CN¥11.9m | −CN¥6.1m | CN¥1.6m | CN¥790,500 | −CN¥6.1m | −CN¥3.6m | CN¥1.4m | CN¥1.7m |
| Diluted earnings per share | -0.01 | -0.01 | 0.00 | 0.00 | -0.01 | -0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | −CN¥2.0m | −CN¥2.0m | CN¥1.0m | — | — | — |
| Capital spending | — | — | — | — | −CN¥1.0m | — | — | — |
| Free cash flow | — | — | — | — | CN¥0 | — | — | — |
| Total assets | CN¥83.3m | CN¥83.6m | CN¥94.0m | CN¥94.0m | CN¥84.6m | CN¥99.4m | CN¥72.0m | CN¥84.7m |
| Cash and short-term investments | CN¥4.8m | CN¥4.8m | CN¥121,996 | CN¥122,000 | CN¥8.1m | CN¥9.5m | CN¥832,888 | CN¥979,000 |
| Debt | CN¥33.5m | CN¥33.6m | CN¥29.1m | CN¥29.1m | CN¥29.3m | CN¥34.4m | CN¥24.0m | CN¥28.3m |
| Shareholders' equity | −CN¥2.8m | −CN¥2.8m | CN¥9.4m | CN¥9.4m | CN¥6.7m | CN¥7.8m | −CN¥5.6m | −CN¥6.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -44.6% | -46.0% | -33.1% |
| Operating income | -48.4% | -51.2% | — |
| Net income | -33.4% | -43.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -41.3% | -102.7% | -91.0% | -5.8% |
| Net margin | -61.9% | -125.9% | -101.2% | -11.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.2 | -14.8 | -2.8 | -2.5 | -0.9 | -0.5 | -3.1 | 11.1 | 4.8 | 3.5 |
| Price to sales | 25.7 | 4.4 | 12.6 | 2.1 | 0.6 | 0.6 | 0.8 | 0.5 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-to-1 reverse split · 24 Oct 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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