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0.03
+3.70%
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¥4.93bn
FY2016FY2025
Net income
−CN¥9.19bn
FY2016FY2025
Free cash flow
−CN¥10.2m
FY2016FY2025
Shareholders' equity
−CN¥23.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.93bn | CN¥3.91bn | CN¥13.55bn | CN¥9.75bn | CN¥15.75bn | CN¥21.76bn | CN¥19.08bn | CN¥13.99bn | CN¥9.78bn | CN¥10.92bn |
| Gross profit | CN¥603.4m | CN¥640.4m | CN¥2.11bn | CN¥1.73bn | −CN¥3.88bn | CN¥5.34bn | CN¥5.34bn | CN¥4.18bn | CN¥2.90bn | CN¥3.53bn |
| Operating income | −CN¥608.0m | −CN¥274.5m | CN¥1.24bn | CN¥413.4m | −CN¥7.09bn | CN¥3.10bn | CN¥3.37bn | CN¥2.27bn | CN¥1.14bn | CN¥2.45bn |
| Net income | −CN¥9.19bn | −CN¥7.11bn | −CN¥5.55bn | −CN¥6.07bn | −CN¥10.47bn | CN¥977.4m | CN¥873.6m | CN¥728.3m | CN¥1.15bn | CN¥843.3m |
| Diluted earnings per share | -39.78 | -30.79 | -24.03 | -26.29 | -45.32 | 0.17 | 0.15 | 0.13 | 0.20 | 3.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥66.76bn | CN¥62.62bn | CN¥77.72bn | CN¥95.03bn | CN¥105.11bn | CN¥105.55bn | CN¥95.60bn | CN¥94.45bn | CN¥68.96bn | CN¥49.75bn |
| Cash and short-term investments | CN¥1.53bn | CN¥988.9m | CN¥1.26bn | CN¥1.16bn | CN¥973.1m | CN¥24.92bn | CN¥21.83bn | CN¥28.35bn | CN¥14.57bn | CN¥9.26bn |
| Total liabilities | CN¥87.36bn | CN¥72.06bn | CN¥79.74bn | CN¥90.46bn | CN¥94.46bn | CN¥81.23bn | CN¥75.01bn | CN¥74.99bn | CN¥51.26bn | CN¥36.63bn |
| Debt | CN¥68.68bn | CN¥56.10bn | CN¥61.33bn | CN¥59.04bn | CN¥57.90bn | CN¥47.13bn | CN¥28.47bn | CN¥31.37bn | CN¥22.66bn | CN¥22.13bn |
| Shareholders' equity | −CN¥23.29bn | −CN¥11.76bn | −CN¥5.43bn | CN¥1.06bn | CN¥6.34bn | CN¥14.53bn | CN¥13.74bn | CN¥12.96bn | CN¥12.64bn | CN¥10.96bn |
| Shares outstanding | 231m | 231m | 231m | 231m | 231m | 5,770m | 5,768m | 5,795m | 5,790m | 232m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥36.3m | −CN¥311.3m | −CN¥666.1m | −CN¥776.8m | −CN¥9.81bn | CN¥3.55bn | −CN¥1.34bn | CN¥499.4m | CN¥681.7m | −CN¥1.86bn |
| Capital spending | −CN¥46.5m | −CN¥42.6m | −CN¥97.9m | −CN¥69.1m | −CN¥358.5m | −CN¥148.4m | −CN¥393.8m | −CN¥353.4m | −CN¥503.0m | −CN¥232.0m |
| Free cash flow | −CN¥10.2m | −CN¥353.8m | −CN¥764.0m | −CN¥845.9m | −CN¥10.17bn | CN¥3.40bn | −CN¥1.73bn | CN¥146.0m | CN¥178.6m | −CN¥2.09bn |
| Dividends paid | — | — | — | — | −CN¥342.3m | −CN¥288.4m | −CN¥195.9m | −CN¥329.2m | −CN¥250.0m | −CN¥255.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥817.0m | CN¥3.04bn | CN¥1.88bn | CN¥2.51bn | CN¥1.40bn | CN¥10.11bn | CN¥4.02bn | CN¥6.21bn |
| Gross profit | CN¥44.7m | CN¥274.3m | CN¥329.1m | CN¥330.7m | CN¥309.7m | CN¥1.62bn | CN¥576.1m | CN¥1.15bn |
| Operating income | −CN¥1.20bn | −CN¥435.6m | −CN¥172.5m | −CN¥92.4m | −CN¥182.1m | CN¥1.24bn | CN¥4.9m | CN¥525.2m |
| Net income | −CN¥4.25bn | −CN¥6.02bn | −CN¥3.17bn | −CN¥4.41bn | −CN¥2.70bn | −CN¥3.23bn | −CN¥2.71bn | −CN¥2.73bn |
| Diluted earnings per share | -3.68 | -26.05 | -13.73 | -19.08 | -11.71 | -14.00 | -11.73 | -11.82 |
| Cash from operations | — | CN¥372.0m | −CN¥359.0m | CN¥213.0m | −CN¥524.0m | CN¥54.0m | −CN¥720.0m | −CN¥322.0m |
| Capital spending | — | −CN¥22.0m | −CN¥25.0m | −CN¥6.0m | −CN¥36.0m | −CN¥78.0m | −CN¥19.0m | −CN¥62.0m |
| Free cash flow | — | CN¥350.0m | −CN¥384.0m | CN¥207.0m | −CN¥560.0m | −CN¥24.0m | −CN¥739.0m | −CN¥384.0m |
| Total assets | CN¥58.98bn | CN¥66.76bn | CN¥71.93bn | CN¥62.62bn | CN¥65.64bn | CN¥77.72bn | CN¥92.30bn | CN¥95.03bn |
| Cash and short-term investments | CN¥313.8m | CN¥1.53bn | CN¥820.3m | CN¥988.9m | CN¥807.2m | CN¥1.26bn | CN¥1.18bn | CN¥1.16bn |
| Debt | CN¥62.70bn | CN¥68.69bn | CN¥67.27bn | CN¥56.10bn | CN¥54.45bn | CN¥61.36bn | CN¥62.61bn | CN¥59.43bn |
| Shareholders' equity | −CN¥27.52bn | −CN¥23.29bn | −CN¥16.92bn | −CN¥11.76bn | −CN¥7.36bn | −CN¥5.43bn | −CN¥1.65bn | CN¥1.06bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.4% | -25.7% | -4.9% |
| Net income | 14.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.1% | 15.8% | 9.4% | 19.0% |
| Operating margin | -10.0% | 2.4% | -4.6% | 5.7% |
| Net margin | -184.4% | -86.8% | -53.7% | -24.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | 6.0 | 7.8 | 5.7 | 4.0 | 0.2 |
| Price to sales | 0.0 | 0.0 | — | 0.0 | 0.0 | 0.3 | 0.3 | 0.3 | 0.5 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.00 | 0.001 | 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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