C 
0.24
-1.64%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥642.5m
FY2016FY2025
Net income
−CN¥325.3m
FY2016FY2025
Free cash flow
−CN¥46.5m
FY2016FY2025
Shareholders' equity
−CN¥90.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥642.5m | CN¥270.0m | CN¥507.4m | CN¥543.2m | CN¥555.9m | CN¥547.8m | CN¥546.3m | CN¥546.7m | CN¥370.2m | CN¥267.9m |
| Gross profit | CN¥38.2m | CN¥41.1m | CN¥55.3m | CN¥22.3m | CN¥31.7m | CN¥49.6m | CN¥60.5m | CN¥65.8m | CN¥60.3m | CN¥47.5m |
| Research and development | — | — | — | — | — | — | CN¥2.1m | CN¥2.0m | CN¥2.5m | CN¥7.4m |
| Operating income | −CN¥133.6m | −CN¥126.0m | −CN¥178.9m | −CN¥120.4m | −CN¥39.5m | CN¥20.4m | CN¥30.1m | CN¥25.9m | CN¥34.5m | CN¥27.8m |
| Net income | −CN¥325.3m | −CN¥169.3m | −CN¥180.5m | −CN¥131.9m | −CN¥45.4m | CN¥17.3m | CN¥25.5m | CN¥20.6m | CN¥28.5m | CN¥22.1m |
| Diluted earnings per share | -0.57 | -0.39 | -0.58 | -0.43 | -0.15 | 0.06 | 0.08 | 0.07 | 0.13 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥349.9m | CN¥722.5m | CN¥987.3m | CN¥1.05bn | CN¥804.7m | CN¥575.8m | CN¥444.5m | CN¥376.6m | CN¥182.9m | CN¥167.6m |
| Cash and short-term investments | CN¥35.9m | CN¥24.6m | CN¥62.2m | CN¥36.8m | CN¥83.4m | CN¥179.0m | CN¥123.8m | CN¥137.7m | CN¥53.1m | CN¥41.5m |
| Total liabilities | CN¥609.9m | CN¥606.1m | CN¥813.4m | CN¥839.1m | CN¥470.0m | CN¥325.5m | CN¥208.4m | CN¥167.3m | CN¥96.6m | CN¥122.3m |
| Debt | CN¥364.3m | CN¥370.1m | CN¥591.2m | CN¥505.7m | CN¥208.5m | CN¥26.8m | CN¥27.1m | CN¥13.2m | CN¥5.0m | CN¥12.3m |
| Shareholders' equity | −CN¥90.3m | CN¥149.5m | CN¥149.0m | CN¥210.2m | CN¥334.7m | CN¥250.3m | CN¥236.2m | CN¥209.3m | CN¥86.4m | CN¥45.3m |
| Shares outstanding | 571m | 434m | 310m | 309m | 303m | 300m | 300m | 282m | 225m | 300m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥32.1m | −CN¥20.4m | −CN¥113.6m | −CN¥79.5m | −CN¥151.2m | CN¥93.5m | CN¥9.8m | CN¥15.7m | CN¥29.2m | CN¥21.5m |
| Capital spending | −CN¥14.3m | −CN¥8.2m | −CN¥162.7m | −CN¥166.3m | −CN¥220.0m | −CN¥42.5m | −CN¥4.7m | −CN¥40.4m | −CN¥5.2m | −CN¥2.4m |
| Free cash flow | −CN¥46.5m | −CN¥28.5m | −CN¥276.3m | −CN¥245.9m | −CN¥371.2m | CN¥51.0m | CN¥5.1m | −CN¥24.8m | CN¥24.0m | CN¥19.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥244.0m | CN¥470.0m | CN¥172.5m | CN¥143.4m | CN¥126.6m | CN¥305.3m | CN¥202.1m | CN¥265.8m |
| Gross profit | CN¥17.1m | CN¥2.0m | CN¥36.2m | CN¥27.6m | CN¥13.5m | CN¥40.5m | CN¥14.8m | −CN¥4.3m |
| Operating income | −CN¥47.2m | −CN¥399.1m | −CN¥43.0m | −CN¥149.0m | −CN¥65.1m | −CN¥114.8m | −CN¥65.6m | −CN¥82.5m |
| Net income | CN¥141.7m | −CN¥292.8m | −CN¥32.4m | −CN¥108.0m | −CN¥61.2m | −CN¥105.9m | −CN¥74.6m | −CN¥92.1m |
| Diluted earnings per share | 0.20 | -0.51 | -0.06 | -0.25 | -0.14 | -0.34 | -0.24 | -0.30 |
| Cash from operations | — | −CN¥2.0m | −CN¥25.0m | −CN¥12.0m | −CN¥13.0m | −CN¥59.0m | −CN¥53.0m | −CN¥2.0m |
| Capital spending | — | −CN¥13.0m | −CN¥1.0m | −CN¥12.0m | −CN¥20.0m | −CN¥84.0m | −CN¥77.0m | −CN¥91.0m |
| Free cash flow | — | −CN¥15.0m | −CN¥26.0m | −CN¥24.0m | −CN¥33.0m | −CN¥143.0m | −CN¥130.0m | −CN¥93.0m |
| Total assets | CN¥559.8m | CN¥349.9m | CN¥796.1m | CN¥722.5m | CN¥955.2m | CN¥987.3m | CN¥947.6m | CN¥1.05bn |
| Cash and short-term investments | CN¥30.2m | CN¥35.9m | CN¥29.6m | CN¥24.6m | CN¥29.2m | CN¥62.2m | CN¥36.2m | CN¥36.8m |
| Debt | CN¥268.8m | CN¥364.2m | CN¥422.9m | CN¥370.1m | CN¥520.2m | CN¥591.2m | CN¥602.0m | CN¥505.7m |
| Shareholders' equity | CN¥28.6m | −CN¥90.3m | CN¥139.3m | CN¥149.5m | CN¥164.2m | CN¥149.0m | CN¥136.3m | CN¥210.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 3.2% | 13.4% |
| Operating income | 3.5% | — | — |
| Net income | 35.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.7% | 8.0% | 7.8% | 10.2% |
| Operating margin | -28.5% | -28.5% | -18.8% | -8.8% |
| Net margin | -54.2% | -41.1% | -27.2% | -14.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -2.0 | -4.9 | -12.5 | -158.6 | 19.6 | 22.2 | 17.2 |
| Price to sales | 0.5 | 1.2 | 1.7 | 3.0 | 12.9 | 0.6 | 1.0 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.