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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¥4.32bn
FY2016FY2025
Net income
−CN¥4.12bn
FY2016FY2025
Free cash flow
−CN¥321.0m
FY2016FY2025
Shareholders' equity
−CN¥4.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.32bn | CN¥9.68bn | CN¥16.94bn | CN¥20.01bn | CN¥26.67bn | CN¥17.26bn | CN¥12.99bn | CN¥7.91bn | CN¥5.26bn | CN¥7.51bn |
| Gross profit | −CN¥746.5m | −CN¥151.6m | −CN¥573.3m | CN¥1.67bn | CN¥5.08bn | CN¥3.86bn | CN¥3.26bn | CN¥2.47bn | CN¥2.13bn | CN¥2.19bn |
| Operating income | −CN¥1.12bn | −CN¥587.1m | −CN¥4.50bn | CN¥284.0m | CN¥3.18bn | CN¥2.22bn | CN¥1.77bn | CN¥2.28bn | CN¥1.67bn | CN¥1.73bn |
| Net income | −CN¥4.12bn | −CN¥4.30bn | −CN¥6.18bn | −CN¥3.88bn | CN¥1.25bn | CN¥1.42bn | CN¥1.26bn | CN¥1.21bn | CN¥1.04bn | CN¥797.0m |
| Diluted earnings per share | -1.23 | -1.29 | -1.85 | -1.16 | 0.37 | 0.43 | 0.38 | 0.37 | 0.49 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥50.64bn | CN¥51.37bn | CN¥64.12bn | CN¥101.73bn | CN¥132.75bn | CN¥101.90bn | CN¥81.66bn | CN¥58.14bn | CN¥35.38bn | CN¥25.76bn |
| Cash and short-term investments | CN¥546.0m | CN¥1.13bn | CN¥1.02bn | CN¥4.91bn | CN¥16.25bn | CN¥16.22bn | CN¥13.43bn | CN¥6.30bn | CN¥4.69bn | CN¥3.56bn |
| Total liabilities | CN¥48.64bn | CN¥45.22bn | CN¥51.43bn | CN¥77.93bn | CN¥101.00bn | CN¥78.45bn | CN¥66.21bn | CN¥46.29bn | CN¥28.14bn | CN¥20.91bn |
| Debt | CN¥20.77bn | CN¥18.52bn | CN¥19.12bn | CN¥25.67bn | CN¥35.85bn | CN¥29.15bn | CN¥16.43bn | CN¥18.76bn | CN¥7.71bn | CN¥5.87bn |
| Shareholders' equity | −CN¥4.56bn | −CN¥370.5m | CN¥4.01bn | CN¥11.92bn | CN¥15.77bn | CN¥12.99bn | CN¥11.89bn | CN¥10.87bn | CN¥7.10bn | CN¥4.84bn |
| Shares outstanding | 3,339m | 3,339m | 3,339m | 3,339m | 3,336m | 3,322m | 3,320m | 3,312m | 2,152m | 3,200m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥289.4m | −CN¥385.7m | CN¥293.0m | CN¥1.63bn | CN¥366.3m | −CN¥2.13bn | CN¥847.2m | −CN¥2.25bn | −CN¥2.99bn | CN¥762.9m |
| Capital spending | −CN¥31.6m | −CN¥18.7m | −CN¥24.2m | −CN¥24.0m | −CN¥21.6m | −CN¥83.9m | −CN¥85.1m | −CN¥273.1m | −CN¥82.5m | −CN¥21.1m |
| Free cash flow | −CN¥321.0m | −CN¥404.3m | CN¥268.8m | CN¥1.61bn | CN¥344.6m | −CN¥2.22bn | CN¥762.1m | −CN¥2.52bn | −CN¥3.08bn | CN¥741.8m |
| Dividends paid | — | — | — | — | −CN¥403.0m | −CN¥322.4m | −CN¥259.9m | −CN¥259.9m | −CN¥289.9m | −CN¥13.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥702.0m | CN¥1.60bn | CN¥2.71bn | CN¥4.54bn | CN¥5.14bn | CN¥11.72bn | CN¥6.10bn | CN¥7.40bn |
| Gross profit | −CN¥1.13bn | −CN¥524.4m | −CN¥222.1m | −CN¥607.0m | CN¥455.4m | −CN¥647.2m | CN¥86.3m | −CN¥159.1m |
| Operating income | −CN¥1.10bn | −CN¥758.0m | −CN¥359.6m | −CN¥787.1m | CN¥200.0m | −CN¥1.04bn | −CN¥326.1m | −CN¥790.4m |
| Net income | −CN¥1.70bn | −CN¥2.24bn | −CN¥1.88bn | −CN¥2.77bn | −CN¥1.53bn | −CN¥3.90bn | −CN¥2.66bn | −CN¥3.19bn |
| Diluted earnings per share | -0.51 | -0.67 | -0.56 | -0.83 | -0.46 | -1.17 | -0.80 | -0.96 |
| Cash from operations | — | CN¥854.0m | −CN¥1.28bn | −CN¥417.0m | CN¥31.0m | −CN¥561.0m | CN¥903.0m | CN¥1.36bn |
| Capital spending | — | −CN¥31.0m | — | −CN¥16.0m | −CN¥2.0m | −CN¥13.0m | −CN¥14.0m | −CN¥21.0m |
| Free cash flow | — | CN¥823.0m | — | −CN¥433.0m | CN¥29.0m | −CN¥574.0m | CN¥889.0m | CN¥1.34bn |
| Total assets | CN¥48.52bn | CN¥50.64bn | CN¥54.30bn | CN¥51.37bn | CN¥57.52bn | CN¥64.12bn | CN¥93.79bn | CN¥101.73bn |
| Cash and short-term investments | CN¥492.7m | CN¥546.0m | CN¥906.0m | CN¥1.13bn | CN¥1.79bn | CN¥1.02bn | CN¥1.86bn | CN¥4.91bn |
| Debt | CN¥17.51bn | CN¥20.79bn | CN¥21.00bn | CN¥18.52bn | CN¥19.17bn | CN¥19.15bn | CN¥24.08bn | CN¥25.80bn |
| Shareholders' equity | −CN¥6.25bn | −CN¥4.56bn | −CN¥2.32bn | −CN¥370.5m | CN¥2.48bn | CN¥4.01bn | CN¥9.27bn | CN¥11.92bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -40.0% | -24.2% | -2.2% |
| Net income | 2.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -6.4% | 0.4% | 9.6% | 16.0% |
| Operating margin | -12.2% | -11.6% | -0.6% | 7.1% |
| Net margin | -60.2% | -36.3% | -16.7% | -7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.0 | -0.0 | -0.4 | 5.1 | 5.5 | 5.9 | 6.8 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.5 | 0.6 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2021.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 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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