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0.08
+3.90%
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¥835.4m
FY2016FY2025
Net income
−CN¥129.1m
FY2016FY2025
Free cash flow
CN¥11.0m
FY2016FY2025
Shareholders' equity
−CN¥138.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥835.4m | CN¥833.6m | CN¥988.6m | CN¥979.2m | CN¥1.26bn | CN¥1.18bn | CN¥1.71bn | CN¥1.65bn | CN¥1.31bn | CN¥1.47bn |
| Gross profit | CN¥237.1m | CN¥244.5m | CN¥294.7m | CN¥348.2m | CN¥524.2m | CN¥430.5m | CN¥678.8m | CN¥746.3m | CN¥610.8m | CN¥655.9m |
| Operating income | −CN¥125.4m | −CN¥159.9m | −CN¥168.7m | −CN¥148.3m | CN¥15.8m | −CN¥103.8m | −CN¥77.9m | −CN¥88.8m | CN¥64.6m | CN¥93.6m |
| Net income | −CN¥129.1m | −CN¥172.9m | −CN¥180.1m | −CN¥155.9m | CN¥1.1m | −CN¥108.7m | −CN¥82.2m | −CN¥82.4m | CN¥41.8m | CN¥71.5m |
| Diluted earnings per share | -0.12 | -0.22 | -0.23 | -0.19 | 0.00 | -0.14 | -0.10 | -0.10 | 0.05 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥377.8m | CN¥388.5m | CN¥496.8m | CN¥647.6m | CN¥907.2m | CN¥740.0m | CN¥1.18bn | CN¥1.03bn | CN¥943.9m | CN¥866.3m |
| Cash and short-term investments | CN¥25.0m | CN¥14.2m | CN¥18.8m | CN¥15.8m | CN¥20.0m | CN¥41.3m | CN¥30.7m | CN¥129.0m | CN¥288.6m | CN¥180.9m |
| Total liabilities | CN¥578.8m | CN¥460.3m | CN¥399.9m | CN¥373.4m | CN¥426.0m | CN¥330.9m | CN¥552.6m | CN¥332.1m | CN¥298.6m | CN¥541.8m |
| Debt | CN¥205.3m | CN¥287.0m | CN¥217.7m | CN¥176.7m | CN¥181.8m | CN¥79.0m | CN¥206.3m | CN¥16.5m | — | — |
| Shareholders' equity | −CN¥138.7m | −CN¥76.8m | CN¥91.5m | CN¥268.4m | CN¥471.8m | CN¥409.1m | CN¥621.2m | CN¥693.7m | CN¥751.5m | CN¥318.4m |
| Shares outstanding | 1,107m | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 629m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥18.5m | CN¥4.9m | CN¥42.2m | CN¥74.4m | CN¥73.2m | CN¥129.2m | CN¥94.5m | −CN¥68.5m | −CN¥71.7m | CN¥49.0m |
| Capital spending | −CN¥7.5m | −CN¥14.1m | −CN¥11.9m | −CN¥23.5m | −CN¥24.8m | −CN¥33.2m | −CN¥43.1m | −CN¥57.8m | −CN¥25.1m | −CN¥25.7m |
| Free cash flow | CN¥11.0m | −CN¥9.3m | CN¥30.2m | CN¥51.0m | CN¥48.3m | CN¥95.9m | CN¥51.5m | −CN¥126.3m | −CN¥96.8m | CN¥23.4m |
| Dividends paid | — | — | — | — | — | — | — | −CN¥15.7m | −CN¥35.1m | −CN¥17.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥443.9m | CN¥413.0m | CN¥422.5m | CN¥411.3m | CN¥240.4m | CN¥422.3m | CN¥246.8m | CN¥490.9m |
| Gross profit | CN¥154.0m | CN¥110.6m | CN¥126.5m | CN¥100.9m | CN¥59.0m | CN¥143.6m | CN¥84.0m | CN¥126.3m |
| Operating income | −CN¥24.6m | −CN¥55.7m | −CN¥61.5m | −CN¥97.8m | −CN¥57.2m | −CN¥62.1m | −CN¥36.3m | −CN¥103.2m |
| Net income | −CN¥13.2m | −CN¥61.8m | −CN¥67.3m | −CN¥104.4m | −CN¥61.0m | −CN¥68.6m | −CN¥40.1m | −CN¥109.3m |
| Diluted earnings per share | -0.01 | -0.06 | -0.06 | -0.13 | -0.08 | -0.09 | -0.05 | -0.14 |
| Cash from operations | — | CN¥2.0m | CN¥11.0m | CN¥9.0m | — | −CN¥7.0m | −CN¥3.0m | CN¥10.0m |
| Capital spending | — | −CN¥7.0m | −CN¥2.0m | −CN¥9.0m | — | −CN¥4.0m | −CN¥2.0m | −CN¥3.0m |
| Free cash flow | — | −CN¥5.0m | CN¥9.0m | CN¥0 | — | −CN¥11.0m | −CN¥5.0m | CN¥7.0m |
| Total assets | CN¥415.0m | CN¥377.8m | CN¥363.9m | CN¥388.5m | CN¥454.2m | CN¥453.7m | CN¥530.4m | CN¥496.8m |
| Cash and short-term investments | CN¥49.7m | CN¥25.0m | CN¥19.9m | CN¥14.2m | CN¥16.6m | CN¥16.5m | CN¥19.3m | CN¥18.8m |
| Debt | CN¥169.0m | CN¥315.4m | CN¥245.1m | CN¥287.0m | CN¥153.0m | CN¥262.7m | CN¥166.1m | CN¥270.0m |
| Shareholders' equity | −CN¥161.2m | −CN¥138.7m | −CN¥74.9m | −CN¥76.8m | −CN¥89.8m | CN¥24.6m | CN¥28.7m | CN¥91.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | -6.6% | -2.7% |
| Operating income | -5.5% | 3.9% | — |
| Net income | -6.1% | 3.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.9% | 30.9% | 34.3% | 40.0% |
| Operating margin | -17.1% | -16.6% | -11.4% | -4.8% |
| Net margin | -18.1% | -17.5% | -12.3% | -5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -0.2 | -0.2 | -0.3 | 134.6 | -1.8 | -2.4 | -2.8 | 17.9 |
| Price to sales | 0.3 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 May 2018.
| FY2018 | |
|---|---|
| Paid in the year | 0.022 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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