H 
0.54
+8.00%
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¥271.7m
FY2016FY2025
Net income
−CN¥513.9m
FY2016FY2025
Free cash flow
−CN¥41.9m
FY2016FY2025
Shareholders' equity
−CN¥3.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥271.7m | CN¥235.6m | CN¥221.7m | CN¥271.6m | CN¥252.7m | CN¥226.3m | CN¥915.2m | CN¥874.4m | CN¥803.1m | CN¥831.1m |
| Gross profit | CN¥69.4m | CN¥59.0m | CN¥63.5m | CN¥74.8m | CN¥68.5m | CN¥45.6m | CN¥443.9m | CN¥457.0m | CN¥429.5m | CN¥445.7m |
| Research and development | CN¥11.7m | CN¥9.2m | CN¥12.6m | CN¥10.3m | CN¥12.2m | CN¥27.9m | CN¥41.0m | CN¥41.1m | CN¥39.9m | CN¥51.6m |
| Operating income | −CN¥53.3m | −CN¥59.9m | −CN¥69.4m | −CN¥78.2m | −CN¥87.0m | −CN¥85.9m | CN¥284.6m | CN¥286.7m | CN¥264.9m | CN¥288.6m |
| Net income | −CN¥513.9m | −CN¥442.5m | −CN¥449.2m | −CN¥486.3m | −CN¥318.4m | −CN¥845.3m | CN¥195.3m | CN¥201.7m | CN¥186.8m | CN¥206.6m |
| Diluted earnings per share | -0.89 | -0.76 | -0.78 | -0.84 | -0.55 | -1.46 | 0.34 | 0.35 | 0.32 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.02bn | CN¥899.8m | CN¥953.6m | CN¥1.12bn | CN¥1.19bn | CN¥1.21bn | CN¥3.98bn | CN¥3.71bn | CN¥3.42bn | CN¥3.16bn |
| Cash and short-term investments | CN¥22.9m | CN¥5.4m | CN¥8.7m | CN¥9.8m | CN¥31.0m | CN¥8.4m | CN¥410.1m | CN¥345.2m | CN¥443.9m | CN¥291.8m |
| Total liabilities | CN¥4.37bn | CN¥3.34bn | CN¥2.95bn | CN¥2.93bn | CN¥2.51bn | CN¥2.21bn | CN¥1.62bn | CN¥1.51bn | CN¥1.38bn | CN¥1.26bn |
| Debt | CN¥3.79bn | CN¥2.84bn | CN¥2.41bn | CN¥2.21bn | CN¥1.76bn | CN¥1.50bn | CN¥1.02bn | CN¥1.03bn | CN¥954.8m | CN¥849.0m |
| Shareholders' equity | −CN¥3.37bn | −CN¥2.44bn | −CN¥2.00bn | −CN¥1.81bn | −CN¥1.32bn | −CN¥1.00bn | CN¥2.36bn | CN¥2.20bn | CN¥2.03bn | CN¥1.90bn |
| Shares outstanding | 579m | 579m | 579m | 579m | 579m | 579m | 579m | 579m | 579m | 555m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥29.6m | −CN¥711,012 | −CN¥87.6m | −CN¥226.8m | −CN¥97.8m | −CN¥196.8m | CN¥157.1m | CN¥29.8m | CN¥231.6m | CN¥228.3m |
| Capital spending | −CN¥12.3m | −CN¥17.3m | −CN¥17.1m | −CN¥16.9m | −CN¥18.5m | −CN¥2.4m | −CN¥4.8m | −CN¥133.5m | −CN¥212.6m | −CN¥467.1m |
| Free cash flow | −CN¥41.9m | −CN¥18.0m | −CN¥104.7m | −CN¥243.7m | −CN¥116.3m | −CN¥199.2m | CN¥152.3m | −CN¥103.7m | CN¥18.9m | −CN¥238.8m |
| Dividends paid | — | — | — | — | — | −CN¥39.4m | −CN¥40.5m | −CN¥37.6m | −CN¥41.7m | −CN¥45.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥138.2m | CN¥127.3m | CN¥144.4m | CN¥112.0m | CN¥123.6m | CN¥112.2m | CN¥127.8m | CN¥133.1m |
| Gross profit | CN¥42.6m | CN¥29.1m | CN¥40.3m | CN¥18.7m | CN¥40.4m | CN¥25.6m | CN¥44.2m | −CN¥700,000 |
| Operating income | −CN¥20.0m | −CN¥29.8m | −CN¥23.5m | −CN¥40.6m | −CN¥19.3m | −CN¥42.9m | −CN¥24.4m | −CN¥65.4m |
| Net income | −CN¥240.4m | −CN¥262.3m | −CN¥251.7m | −CN¥230.4m | −CN¥212.1m | −CN¥239.3m | −CN¥244.9m | −CN¥271.8m |
| Diluted earnings per share | -0.42 | -0.45 | -0.43 | -0.40 | -0.37 | -0.41 | -0.42 | -0.47 |
| Cash from operations | — | CN¥16.0m | −CN¥51.0m | CN¥39.0m | −CN¥40.0m | CN¥63.0m | −CN¥166.0m | −CN¥188.0m |
| Capital spending | — | −CN¥5.0m | −CN¥7.0m | −CN¥13.0m | −CN¥3.0m | −CN¥12.0m | −CN¥7.0m | −CN¥13.0m |
| Free cash flow | — | CN¥11.0m | −CN¥58.0m | CN¥26.0m | −CN¥43.0m | CN¥51.0m | −CN¥173.0m | −CN¥201.0m |
| Total assets | CN¥978.8m | CN¥1.02bn | CN¥1.02bn | CN¥899.8m | CN¥929.2m | CN¥953.6m | CN¥1.11bn | CN¥1.12bn |
| Cash and short-term investments | CN¥13.8m | CN¥22.9m | CN¥5.8m | CN¥5.4m | CN¥8.5m | CN¥8.7m | CN¥2.2m | CN¥9.8m |
| Debt | CN¥4.01bn | CN¥3.80bn | CN¥3.57bn | CN¥2.84bn | CN¥2.68bn | CN¥2.41bn | CN¥2.63bn | CN¥2.26bn |
| Shareholders' equity | −CN¥3.60bn | −CN¥3.37bn | −CN¥3.10bn | −CN¥2.44bn | −CN¥2.21bn | −CN¥2.00bn | −CN¥2.05bn | −CN¥1.81bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.0% | 3.7% | -10.2% |
| Operating income | -12.0% | -9.1% | — |
| Net income | 1.9% | -9.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.3% | 26.7% | 25.7% | 45.7% |
| Operating margin | -22.3% | -26.1% | -29.3% | 17.5% |
| Net margin | -188.5% | -189.1% | -206.5% | -35.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.7 | -0.5 | -1.0 | -1.8 | -0.5 | 3.3 | 2.8 | 4.1 | 4.1 |
| Price to sales | 0.9 | 1.3 | 1.0 | 1.7 | 2.3 | 1.8 | 0.7 | 0.7 | 0.9 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.075 | 0.08 | 0.079 | 0.082 | 0.104 | 0.127 | 0.105 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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