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Close of 6 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¥180.63bn
FY2016FY2025
Net income
CN¥171.8m
FY2016FY2025
Free cash flow
CN¥1.5m
FY2016FY2025
Shareholders' equity
CN¥16.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥180.63bn | CN¥189.17bn | CN¥145.98bn | CN¥129.22bn | CN¥121.82bn | CN¥84.79bn | CN¥84.94bn | CN¥65.38bn | CN¥25.92bn | CN¥1.41bn |
| Research and development | CN¥11.5m | CN¥18.0m | CN¥14.0m | CN¥25.6m | CN¥54.7m | CN¥66.9m | CN¥63.4m | CN¥30.9m | — | — |
| Operating income | CN¥726.1m | CN¥666.9m | CN¥586.9m | −CN¥3.02bn | −CN¥959.0m | −CN¥577.3m | CN¥404.3m | CN¥444.2m | CN¥369.4m | CN¥86.1m |
| Net income | CN¥171.8m | CN¥150.2m | CN¥59.3m | −CN¥3.54bn | −CN¥1.55bn | −CN¥1.47bn | CN¥108.1m | CN¥1.60bn | CN¥2.77bn | CN¥2.39bn |
| Diluted earnings per share | 0.01 | 0.01 | 0.00 | -0.29 | -0.13 | -0.12 | 0.01 | 0.14 | 0.24 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥71.95bn | CN¥80.96bn | CN¥74.31bn | CN¥70.33bn | CN¥69.06bn | CN¥72.39bn | CN¥71.64bn | CN¥61.85bn | CN¥55.16bn | CN¥34.66bn |
| Cash and short-term investments | CN¥9.93bn | CN¥1.85bn | CN¥2.10bn | CN¥1.71bn | CN¥1.43bn | CN¥5.87bn | CN¥7.07bn | CN¥2.84bn | CN¥4.12bn | CN¥318.4m |
| Total liabilities | CN¥55.16bn | CN¥64.25bn | CN¥57.76bn | CN¥53.84bn | CN¥49.51bn | CN¥51.02bn | CN¥48.78bn | CN¥39.00bn | CN¥33.42bn | CN¥20.52bn |
| Debt | CN¥16.81bn | CN¥14.86bn | CN¥15.30bn | CN¥18.27bn | CN¥17.73bn | CN¥20.71bn | CN¥18.52bn | CN¥14.36bn | CN¥11.59bn | CN¥8.39bn |
| Shareholders' equity | CN¥16.41bn | CN¥16.25bn | CN¥16.08bn | CN¥16.02bn | CN¥19.17bn | CN¥20.82bn | CN¥22.23bn | CN¥21.88bn | CN¥20.72bn | CN¥14.10bn |
| Shares outstanding | 12,400m | 12,400m | 12,392m | 12,390m | 11,778m | 11,783m | 11,783m | 11,700m | 11,634m | 10,746m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥101.3m | −CN¥314.0m | CN¥2.36bn | CN¥1.00bn | CN¥840.7m | −CN¥216.0m | CN¥131.9m | −CN¥484.6m | −CN¥2.47bn | −CN¥337.2m |
| Capital spending | −CN¥99.8m | −CN¥94.8m | −CN¥111.9m | −CN¥61.5m | −CN¥86.6m | −CN¥231.8m | −CN¥138.2m | −CN¥177.1m | −CN¥35.7m | −CN¥12.3m |
| Free cash flow | CN¥1.5m | −CN¥408.8m | CN¥2.24bn | CN¥939.0m | CN¥754.1m | −CN¥447.8m | −CN¥6.3m | −CN¥661.7m | −CN¥2.50bn | −CN¥349.5m |
| Dividends paid | — | — | — | — | — | — | — | −CN¥287.4m | −CN¥287.4m | −CN¥287.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥43.05bn | CN¥74.69bn | CN¥105.93bn | CN¥109.62bn | CN¥79.55bn | CN¥81.98bn | CN¥64.00bn | CN¥71.04bn |
| Operating income | −CN¥202.3m | CN¥408.9m | CN¥317.2m | CN¥254.1m | CN¥412.8m | CN¥341.0m | CN¥151.5m | −CN¥241.9m |
| Net income | −CN¥1.34bn | CN¥58.7m | CN¥113.1m | CN¥92.2m | CN¥58.0m | CN¥33.3m | CN¥26.1m | −CN¥3.54bn |
| Diluted earnings per share | -0.11 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | -0.29 |
| Cash from operations | — | CN¥1.56bn | −CN¥1.46bn | CN¥3.66bn | −CN¥3.98bn | −CN¥789.0m | CN¥3.15bn | −CN¥213.0m |
| Capital spending | — | −CN¥77.0m | −CN¥22.0m | −CN¥53.0m | −CN¥5.0m | −CN¥6.0m | −CN¥59.0m | −CN¥49.0m |
| Free cash flow | — | CN¥1.48bn | −CN¥1.48bn | CN¥3.61bn | −CN¥3.98bn | −CN¥795.0m | CN¥3.09bn | −CN¥262.0m |
| Total assets | CN¥61.29bn | CN¥71.95bn | CN¥81.30bn | CN¥80.96bn | CN¥74.45bn | CN¥74.31bn | CN¥70.04bn | CN¥70.33bn |
| Cash and short-term investments | CN¥4.86bn | CN¥9.93bn | CN¥1.79bn | CN¥1.85bn | CN¥2.58bn | CN¥2.10bn | CN¥2.08bn | CN¥1.71bn |
| Debt | CN¥10.95bn | CN¥16.81bn | CN¥15.97bn | CN¥19.09bn | CN¥16.93bn | CN¥17.83bn | CN¥18.58bn | CN¥21.80bn |
| Shareholders' equity | CN¥15.05bn | CN¥16.41bn | CN¥16.33bn | CN¥16.25bn | CN¥16.13bn | CN¥16.08bn | CN¥16.06bn | CN¥16.02bn |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.0% | 0.4% | 0.5% | -2.3% | -0.8% | -0.8% |
| Net margin | 0.1% | 0.1% | 0.0% | -2.7% | -1.3% | -1.7% |
| Return on equity | 1.0% | 0.9% | 0.4% | -22.1% | -8.1% | -7.1% |
| Return on assets | 0.2% | 0.2% | 0.1% | -5.0% | -2.2% | -2.0% |
| Free cash flow yield | 21.7% | -23.7% | 267.0% | 115.0% | 105.6% | 1.8% |
| Revenue growth | -4.5% | 29.6% | 13.0% | 6.1% | 43.7% | -0.2% |
| Earnings growth | 14.3% | 153.3% | -101.7% | 129.1% | 5.3% | -1458.3% |
| Current ratio | 1.43x | 0.90x | 0.93x | 0.96x | 0.99x | 0.89x |
| Debt to equity | 1.02x | 1.17x | 1.11x | 1.33x | 1.08x | 1.16x |
| Equity ratio | 22.8% | 20.1% | 21.6% | 22.8% | 27.8% | 28.8% |
| Interest coverage | -0.10x | 1.80x | 1.53x | -4.08x | -1.22x | -0.61x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Buybacks as a share of market value | 0.0% | -0.1% | -0.0% | -5.2% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.8% | 16.3% | 65.1% |
| Operating income | — | — | 19.5% |
| Net income | — | — | -23.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.4% | -0.2% | -0.3% | -0.1% |
| Net margin | 0.1% | -0.5% | -0.7% | 0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.3 | 22.2 | 44.9 | -1.2 | -3.0 | -5.0 | 71.7 | 26.9 | 31.0 | 23.4 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.7 | 3.3 | 39.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2018.
| FY2018 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.026 | 0.001 | 0.02 | 0.01 | 0.023 |
- 3-for-1 split · 19 Oct 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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