T 
0.63
-0.79%
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¥38.6m
FY2016FY2025
Net income
−CN¥9.3m
FY2016FY2025
Free cash flow
−CN¥125.9m
FY2016FY2025
Shareholders' equity
CN¥2.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥38.6m | CN¥8.7m | CN¥57.8m | CN¥121.4m | CN¥210.5m | CN¥329.6m | CN¥539.3m | CN¥751.9m | CN¥916.0m | CN¥834.2m |
| Research and development | CN¥18.9m | CN¥7.6m | CN¥15.0m | CN¥35.3m | CN¥61.7m | CN¥68.4m | CN¥71.8m | CN¥96.0m | CN¥102.2m | CN¥87.2m |
| Operating income | −CN¥25.0m | CN¥15.3m | −CN¥117.8m | −CN¥457.3m | CN¥80.7m | CN¥52.4m | CN¥244.1m | CN¥510.3m | CN¥389.0m | CN¥289.6m |
| Net income | −CN¥9.3m | CN¥17.1m | −CN¥115.1m | −CN¥455.8m | CN¥128.8m | CN¥80.6m | CN¥93.8m | CN¥218.3m | CN¥324.1m | CN¥233.2m |
| Diluted earnings per share | -0.01 | 0.02 | -0.10 | -0.38 | 0.10 | 0.06 | 0.08 | 0.17 | 0.24 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.51bn | CN¥2.24bn | CN¥2.19bn | CN¥2.91bn | CN¥3.53bn | CN¥3.55bn | CN¥3.50bn | CN¥3.16bn | CN¥2.96bn | CN¥2.91bn |
| Cash and short-term investments | CN¥1.03bn | CN¥876.9m | CN¥810.6m | CN¥1.08bn | CN¥1.67bn | CN¥1.93bn | CN¥1.89bn | CN¥1.42bn | CN¥1.40bn | CN¥1.68bn |
| Total liabilities | CN¥355.9m | CN¥329.2m | CN¥262.4m | CN¥533.0m | CN¥463.2m | CN¥633.1m | CN¥638.0m | CN¥312.4m | CN¥235.4m | CN¥283.1m |
| Debt | CN¥208.6m | CN¥171.3m | CN¥117.7m | CN¥322.2m | CN¥292.0m | CN¥154.3m | CN¥855.4m | CN¥984.2m | CN¥1.13bn | CN¥1.39bn |
| Shareholders' equity | CN¥2.15bn | CN¥1.91bn | CN¥1.93bn | CN¥2.37bn | CN¥3.06bn | CN¥2.80bn | CN¥2.75bn | CN¥2.83bn | CN¥2.72bn | CN¥2.59bn |
| Shares outstanding | 936m | 1,091m | 1,178m | 1,198m | 1,228m | 1,376m | 1,159m | 1,254m | 1,329m | 1,333m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥69.5m | −CN¥55.1m | −CN¥36.7m | −CN¥42.8m | −CN¥93.6m | CN¥20.5m | CN¥188.0m | CN¥261.5m | CN¥411.0m | CN¥360.8m |
| Capital spending | −CN¥56.4m | −CN¥1.2m | −CN¥12.4m | −CN¥53.0m | −CN¥46.1m | −CN¥7.0m | −CN¥20.8m | −CN¥62.3m | −CN¥45.8m | −CN¥45.8m |
| Free cash flow | −CN¥125.9m | −CN¥56.2m | −CN¥49.1m | −CN¥95.8m | −CN¥139.7m | CN¥13.5m | CN¥167.1m | CN¥199.2m | CN¥365.2m | CN¥315.0m |
| Dividends paid | −CN¥30.3m | −CN¥18.9m | −CN¥9.2m | −CN¥305.4m | — | — | — | −CN¥74.5m | −CN¥79.6m | −CN¥65.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥31.0m | CN¥15.6m | CN¥3.1m | CN¥3.1m | CN¥16.2m | CN¥16.2m | CN¥2.1m | CN¥2.4m |
| Operating income | −CN¥41.7m | CN¥61.5m | CN¥5.7m | CN¥5.7m | −CN¥18.2m | −CN¥18.2m | −CN¥10.3m | −CN¥12.0m |
| Net income | CN¥122.2m | CN¥61.6m | CN¥6.6m | CN¥6.6m | −CN¥11.2m | −CN¥11.2m | −CN¥10.3m | −CN¥12.0m |
| Diluted earnings per share | 0.12 | 0.06 | 0.01 | 0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | — | −CN¥11.0m | −CN¥12.0m | −CN¥43.0m | −CN¥21.0m | −CN¥8.0m | −CN¥9.0m |
| Capital spending | — | — | −CN¥16.0m | −CN¥1.0m | −CN¥41.0m | −CN¥8.0m | — | — |
| Free cash flow | — | — | −CN¥27.0m | −CN¥13.0m | −CN¥84.0m | −CN¥29.0m | — | — |
| Total assets | CN¥2.57bn | CN¥2.57bn | CN¥2.51bn | CN¥2.51bn | CN¥2.58bn | CN¥2.58bn | CN¥2.24bn | CN¥2.62bn |
| Cash and short-term investments | CN¥882.5m | CN¥882.7m | CN¥1.03bn | CN¥1.03bn | CN¥878.0m | CN¥878.0m | CN¥876.9m | CN¥1.03bn |
| Debt | CN¥181.3m | CN¥181.3m | CN¥208.9m | CN¥207.8m | CN¥239.5m | CN¥238.3m | CN¥171.3m | CN¥198.9m |
| Shareholders' equity | CN¥2.20bn | CN¥2.20bn | CN¥2.15bn | CN¥2.15bn | CN¥2.18bn | CN¥2.18bn | CN¥1.91bn | CN¥2.23bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.8% | -34.9% | -24.9% |
| Operating income | -62.0% | — | — |
| Net income | -72.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20.6% | -258.3% | -58.9% | 26.1% |
| Net margin | 16.5% | -248.7% | -46.1% | 14.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -61.5 | 33.6 | -3.9 | -1.3 | 6.2 | 13.1 | 21.5 | 15.4 | 21.1 | 24.6 |
| Price to sales | 14.8 | 66.1 | 7.8 | 4.8 | 3.8 | 3.2 | 3.7 | 4.5 | 7.5 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.03 | 0.03 | 0.01 | 0.003 | 0.07 | 0.07 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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