E 
0.03
-3.03%
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¥2.38bn
FY2016FY2025
Net income
−CN¥611.9m
FY2016FY2025
Free cash flow
−CN¥218.9m
FY2016FY2025
Shareholders' equity
−CN¥8.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.38bn | CN¥3.25bn | CN¥3.80bn | CN¥4.31bn | CN¥8.87bn | CN¥8.05bn | CN¥9.09bn | CN¥5.95bn | CN¥4.63bn | CN¥4.00bn |
| Gross profit | CN¥2.38bn | CN¥3.25bn | CN¥3.80bn | CN¥4.31bn | CN¥8.87bn | CN¥8.05bn | CN¥9.09bn | CN¥5.95bn | CN¥4.63bn | CN¥4.00bn |
| Research and development | CN¥68.2m | CN¥71.6m | — | CN¥105.0m | CN¥123.5m | CN¥98.9m | — | — | CN¥40.6m | CN¥35.8m |
| Operating income | CN¥98.9m | −CN¥70.4m | −CN¥349.8m | −CN¥1.87bn | −CN¥5.76bn | CN¥1.48bn | CN¥1.43bn | CN¥1.48bn | CN¥991.2m | CN¥820.2m |
| Net income | −CN¥611.9m | −CN¥1.09bn | −CN¥1.06bn | −CN¥3.33bn | −CN¥11.64bn | CN¥304.4m | CN¥860.9m | CN¥950.3m | CN¥352.0m | CN¥487.0m |
| Diluted earnings per share | -0.35 | -0.62 | -0.61 | -1.91 | -6.66 | 0.17 | 0.62 | 0.66 | 0.24 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.46bn | CN¥1.80bn | CN¥3.49bn | CN¥5.85bn | CN¥12.13bn | CN¥25.77bn | CN¥17.17bn | CN¥11.82bn | CN¥6.34bn | CN¥4.29bn |
| Cash and short-term investments | CN¥222.5m | CN¥314.5m | CN¥589.8m | CN¥1.33bn | CN¥3.53bn | CN¥8.90bn | CN¥4.00bn | CN¥2.96bn | CN¥1.81bn | CN¥974.9m |
| Total liabilities | CN¥10.04bn | CN¥8.64bn | CN¥9.11bn | CN¥10.88bn | CN¥12.14bn | CN¥14.28bn | CN¥9.10bn | CN¥3.80bn | CN¥4.18bn | CN¥2.83bn |
| Debt | CN¥5.36bn | CN¥4.83bn | CN¥5.21bn | CN¥6.14bn | CN¥7.16bn | CN¥8.44bn | CN¥5.16bn | CN¥1.00bn | CN¥450.0m | CN¥390.0m |
| Shareholders' equity | −CN¥8.43bn | −CN¥6.69bn | −CN¥5.60bn | −CN¥5.22bn | −CN¥1.16bn | CN¥10.26bn | CN¥7.88bn | CN¥7.87bn | CN¥1.03bn | CN¥706.0m |
| Shares outstanding | 1,749m | 1,749m | 1,749m | 1,749m | 1,749m | 1,749m | 1,390m | 1,446m | 1,467m | 1,749m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥194.6m | −CN¥175.5m | −CN¥370.2m | −CN¥1.09bn | −CN¥2.37bn | CN¥587.8m | −CN¥607.6m | −CN¥2.24bn | −CN¥275.0m | CN¥409.7m |
| Capital spending | −CN¥24.4m | −CN¥10.2m | −CN¥10.5m | −CN¥35.7m | −CN¥369.8m | −CN¥176.9m | −CN¥217.2m | −CN¥354.9m | −CN¥18.7m | −CN¥27.1m |
| Free cash flow | −CN¥218.9m | −CN¥185.7m | −CN¥380.7m | −CN¥1.12bn | −CN¥2.74bn | CN¥411.0m | −CN¥824.9m | −CN¥2.60bn | −CN¥293.7m | CN¥382.5m |
| Dividends paid | — | — | — | — | −CN¥91.3m | −CN¥214.5m | −CN¥277.6m | −CN¥277.6m | −CN¥277.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥809.8m | CN¥556.8m | CN¥556.8m | CN¥630.7m | CN¥630.7m | CN¥942.7m | CN¥1.10bn | CN¥681.9m |
| Gross profit | CN¥80.8m | CN¥556.8m | CN¥556.8m | CN¥630.7m | CN¥630.7m | CN¥942.7m | CN¥1.10bn | CN¥681.9m |
| Operating income | −CN¥103.2m | −CN¥9.3m | −CN¥9.3m | CN¥58.8m | CN¥58.8m | CN¥947,044 | CN¥1.1m | CN¥27.2m |
| Net income | CN¥44.9m | −CN¥156.9m | −CN¥156.9m | −CN¥149.1m | −CN¥149.1m | −CN¥331.5m | −CN¥387.4m | −CN¥213.2m |
| Diluted earnings per share | 0.03 | -0.09 | -0.09 | -0.09 | -0.09 | -0.19 | -0.22 | -0.12 |
| Cash from operations | CN¥10.0m | −CN¥42.0m | — | −CN¥156.0m | — | −CN¥37.0m | −CN¥43.0m | −CN¥50.0m |
| Capital spending | — | −CN¥23.0m | — | −CN¥1.0m | — | −CN¥20.0m | −CN¥24.0m | −CN¥26.0m |
| Free cash flow | — | −CN¥65.0m | — | −CN¥157.0m | — | −CN¥57.0m | −CN¥67.0m | −CN¥76.0m |
| Total assets | CN¥1.21bn | CN¥1.46bn | CN¥1.46bn | CN¥1.66bn | CN¥1.66bn | CN¥1.80bn | CN¥2.10bn | CN¥3.40bn |
| Cash and short-term investments | CN¥184.6m | CN¥222.5m | CN¥205.0m | CN¥220.6m | CN¥220.6m | CN¥314.5m | CN¥367.7m | CN¥359.4m |
| Debt | CN¥5.16bn | CN¥5.36bn | CN¥5.31bn | CN¥5.51bn | CN¥5.31bn | CN¥4.83bn | CN¥5.41bn | CN¥5.93bn |
| Shareholders' equity | −CN¥8.40bn | −CN¥8.43bn | −CN¥8.43bn | −CN¥8.12bn | −CN¥8.12bn | −CN¥6.69bn | −CN¥7.82bn | −CN¥7.05bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.0% | -21.7% | -1.3% |
| Operating income | — | -41.8% | -11.1% |
| Net income | -43.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 0.5% | -15.9% | -21.1% | -2.5% |
| Net margin | -30.2% | -44.4% | -56.9% | -25.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.2 | -0.3 | -0.3 | -0.2 | 35.6 | 10.8 | 19.4 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 1.4 | 1.0 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2021.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.001 | 0.002 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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