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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¥37.11bn
FY2016FY2025
Net income
−CN¥7.45bn
FY2016FY2025
Free cash flow
CN¥257.5m
FY2016FY2025
Shareholders' equity
−CN¥5.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥37.11bn | CN¥40.77bn | CN¥20.96bn | CN¥26.71bn | CN¥37.74bn | CN¥32.57bn | CN¥21.37bn | CN¥17.78bn | CN¥16.11bn | CN¥12.48bn |
| Gross profit | CN¥6.55bn | CN¥6.24bn | CN¥2.63bn | CN¥4.42bn | CN¥8.17bn | CN¥7.86bn | CN¥5.89bn | CN¥6.15bn | CN¥5.49bn | CN¥3.13bn |
| Operating income | CN¥4.72bn | CN¥4.31bn | CN¥118.4m | CN¥1.60bn | CN¥5.08bn | CN¥5.01bn | CN¥3.76bn | CN¥4.44bn | CN¥3.97bn | CN¥2.23bn |
| Net income | −CN¥7.45bn | −CN¥7.86bn | −CN¥7.99bn | CN¥24.5m | CN¥3.07bn | CN¥3.80bn | CN¥3.55bn | CN¥3.44bn | CN¥2.89bn | CN¥2.12bn |
| Diluted earnings per share | -1.76 | -1.86 | -1.89 | 0.01 | 0.73 | 0.90 | 0.85 | 0.87 | 0.77 | 0.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥88.66bn | CN¥128.29bn | CN¥167.89bn | CN¥193.96bn | CN¥195.01bn | CN¥170.61bn | CN¥149.38bn | CN¥101.49bn | CN¥66.18bn | CN¥50.83bn |
| Cash and short-term investments | CN¥3.37bn | CN¥3.08bn | CN¥5.23bn | CN¥9.55bn | CN¥16.97bn | CN¥19.23bn | CN¥19.82bn | CN¥16.16bn | CN¥8.15bn | CN¥7.21bn |
| Total liabilities | CN¥86.60bn | CN¥117.72bn | CN¥147.41bn | CN¥157.34bn | CN¥152.31bn | CN¥131.46bn | CN¥119.10bn | CN¥79.35bn | CN¥49.62bn | CN¥38.76bn |
| Debt | CN¥33.10bn | CN¥37.83bn | CN¥40.86bn | CN¥48.63bn | CN¥50.54bn | CN¥46.84bn | CN¥30.63bn | CN¥33.34bn | CN¥21.52bn | CN¥18.28bn |
| Shareholders' equity | −CN¥5.11bn | CN¥1.70bn | CN¥9.72bn | CN¥19.71bn | CN¥21.79bn | CN¥21.00bn | CN¥17.58bn | CN¥16.18bn | CN¥13.16bn | CN¥9.31bn |
| Shares outstanding | 4,223m | 4,223m | 4,223m | 4,223m | 4,230m | 4,222m | 4,182m | 3,936m | 3,780m | 3,424m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥303.2m | −CN¥498.7m | CN¥5.09bn | CN¥16.43bn | −CN¥3.69bn | −CN¥140.2m | −CN¥7.09bn | CN¥4.28bn | CN¥3.42bn | −CN¥279.8m |
| Capital spending | −CN¥45.8m | −CN¥42.8m | −CN¥72.6m | −CN¥131.8m | −CN¥90.3m | −CN¥74.6m | −CN¥98.8m | −CN¥619.2m | −CN¥51.2m | −CN¥20.1m |
| Free cash flow | CN¥257.5m | −CN¥541.5m | CN¥5.02bn | CN¥16.30bn | −CN¥3.78bn | −CN¥214.8m | −CN¥7.19bn | CN¥3.66bn | CN¥3.37bn | −CN¥299.9m |
| Dividends paid | — | — | — | −CN¥206.0m | −CN¥1.06bn | −CN¥917.3m | −CN¥870.6m | −CN¥592.1m | −CN¥624.9m | −CN¥143.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.74bn | CN¥18.59bn | CN¥18.52bn | CN¥15.95bn | CN¥24.82bn | CN¥11.48bn | CN¥9.48bn | CN¥11.32bn |
| Gross profit | CN¥491.5m | CN¥2.70bn | CN¥3.85bn | CN¥1.78bn | CN¥4.46bn | CN¥1.19bn | CN¥1.45bn | CN¥1.99bn |
| Operating income | −CN¥1.29bn | CN¥1.85bn | CN¥2.87bn | CN¥871.7m | CN¥3.44bn | −CN¥31.1m | CN¥149.5m | CN¥56.8m |
| Net income | −CN¥3.40bn | −CN¥3.97bn | −CN¥3.48bn | −CN¥4.18bn | −CN¥3.68bn | −CN¥6.87bn | −CN¥1.12bn | −CN¥1.25bn |
| Diluted earnings per share | -0.80 | -0.94 | -0.82 | -0.99 | -0.87 | -1.63 | -0.27 | -0.30 |
| Cash from operations | — | CN¥22.0m | −CN¥250.0m | CN¥500.0m | −CN¥999.0m | −CN¥2.24bn | CN¥7.34bn | CN¥7.19bn |
| Capital spending | — | −CN¥33.0m | −CN¥12.0m | −CN¥23.0m | −CN¥19.0m | −CN¥36.0m | −CN¥35.0m | −CN¥62.0m |
| Free cash flow | — | −CN¥11.0m | −CN¥262.0m | CN¥477.0m | −CN¥1.02bn | −CN¥2.28bn | CN¥7.30bn | CN¥7.13bn |
| Total assets | CN¥80.59bn | CN¥88.66bn | CN¥109.51bn | CN¥128.29bn | CN¥143.51bn | CN¥167.89bn | CN¥190.35bn | CN¥193.96bn |
| Cash and short-term investments | CN¥2.84bn | CN¥3.37bn | CN¥2.61bn | CN¥3.08bn | CN¥3.49bn | CN¥5.23bn | CN¥9.16bn | CN¥9.55bn |
| Debt | CN¥26.41bn | CN¥33.10bn | CN¥34.57bn | CN¥37.83bn | CN¥36.52bn | CN¥35.92bn | CN¥37.95bn | CN¥48.63bn |
| Shareholders' equity | −CN¥7.58bn | −CN¥5.11bn | −CN¥1.44bn | CN¥1.70bn | CN¥5.50bn | CN¥9.72bn | CN¥17.42bn | CN¥19.71bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.6% | 2.6% | 13.3% |
| Operating income | 43.5% | -1.2% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.4% | 15.8% | 18.3% | 21.7% |
| Operating margin | 11.6% | 8.6% | 10.6% | 13.7% |
| Net margin | -19.7% | -18.5% | -8.4% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.1 | -0.1 | 145.9 | 2.3 | 3.1 | 4.6 | 2.8 | 3.8 | 3.3 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.4 | 0.8 | 0.6 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.003 | 0.003 | 0.002 | 0.002 | 0.002 | 0.001 | 0.001 |
- 6-for-5 split · 13 Sept 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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