G 
0.11
-6.25%
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¥1.04bn
FY2016FY2025
Net income
−CN¥1.82bn
FY2016FY2025
Free cash flow
CN¥15.2m
FY2016FY2025
Shareholders' equity
CN¥8.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.04bn | CN¥2.31bn | CN¥2.14bn | CN¥3.34bn | CN¥8.46bn | CN¥5.77bn | CN¥8.09bn | CN¥6.61bn | CN¥6.79bn | CN¥8.03bn |
| Gross profit | −CN¥308.1m | CN¥474.9m | −CN¥43.0m | CN¥97.0m | CN¥1.07bn | CN¥980.3m | CN¥2.14bn | CN¥2.60bn | CN¥3.17bn | CN¥3.12bn |
| Operating income | −CN¥770.8m | CN¥210.9m | −CN¥196.1m | −CN¥354.9m | CN¥424.0m | CN¥487.1m | CN¥1.50bn | CN¥1.88bn | CN¥2.61bn | CN¥2.53bn |
| Net income | −CN¥1.82bn | −CN¥1.06bn | −CN¥482.1m | −CN¥780.3m | CN¥195.2m | CN¥98.7m | CN¥859.8m | CN¥1.01bn | CN¥1.75bn | CN¥1.56bn |
| Diluted earnings per share | -0.41 | -0.24 | -0.11 | -0.18 | 0.04 | 0.02 | 0.19 | 0.23 | 0.39 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥56.70bn | CN¥48.90bn | CN¥48.18bn | CN¥49.06bn | CN¥61.07bn | CN¥67.52bn | CN¥82.17bn | CN¥75.68bn | CN¥58.54bn | CN¥44.72bn |
| Cash and short-term investments | CN¥138.2m | CN¥135.2m | CN¥130.1m | CN¥162.0m | CN¥556.9m | CN¥1.58bn | CN¥784.0m | CN¥1.92bn | CN¥1.71bn | CN¥1.30bn |
| Total liabilities | CN¥46.10bn | CN¥38.33bn | CN¥36.39bn | CN¥36.77bn | CN¥45.64bn | CN¥52.41bn | CN¥63.54bn | CN¥57.85bn | CN¥44.95bn | CN¥32.91bn |
| Debt | CN¥23.83bn | CN¥19.48bn | CN¥18.96bn | CN¥18.17bn | CN¥20.95bn | CN¥23.52bn | CN¥27.45bn | CN¥28.80bn | CN¥30.16bn | CN¥19.89bn |
| Shareholders' equity | CN¥8.11bn | CN¥8.49bn | CN¥9.55bn | CN¥10.03bn | CN¥12.71bn | CN¥12.49bn | CN¥12.55bn | CN¥11.90bn | CN¥10.90bn | CN¥9.48bn |
| Shares outstanding | 4,444m | 4,444m | 4,444m | 4,444m | 4,444m | 4,444m | 4,446m | 4,463m | 4,464m | 4,463m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥36.2m | CN¥580.9m | CN¥438.5m | CN¥518.3m | CN¥3.71bn | CN¥4.22bn | CN¥5.51bn | CN¥742.3m | −CN¥3.24bn | −CN¥1.43bn |
| Capital spending | −CN¥21.1m | −CN¥1.1m | −CN¥52.0m | −CN¥164.9m | −CN¥239.0m | −CN¥233.1m | −CN¥129.1m | −CN¥436.7m | −CN¥476.6m | −CN¥78.1m |
| Free cash flow | CN¥15.2m | CN¥579.8m | CN¥386.5m | CN¥353.5m | CN¥3.48bn | CN¥3.99bn | CN¥5.38bn | CN¥305.6m | −CN¥3.72bn | −CN¥1.50bn |
| Dividends paid | — | — | — | — | — | −CN¥128.2m | −CN¥444.7m | −CN¥95.8m | −CN¥109.0m | −CN¥38.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥223.5m | CN¥711.4m | CN¥324.2m | CN¥1.47bn | CN¥844.2m | CN¥897.1m | CN¥1.25bn | CN¥819.3m |
| Gross profit | CN¥168.4m | −CN¥312.5m | CN¥4.4m | CN¥105.4m | CN¥369.6m | −CN¥197.0m | CN¥154.0m | CN¥247.8m |
| Operating income | CN¥50.6m | −CN¥645.4m | −CN¥125.4m | −CN¥9.5m | CN¥220.4m | −CN¥340.9m | −CN¥73.4m | CN¥54.3m |
| Net income | −CN¥325.5m | −CN¥1.60bn | −CN¥225.2m | −CN¥1.01bn | −CN¥50.1m | −CN¥254.0m | −CN¥228.1m | −CN¥196.9m |
| Diluted earnings per share | -0.07 | -0.36 | -0.05 | -0.23 | -0.01 | -0.06 | -0.05 | -0.04 |
| Cash from operations | — | −CN¥327.0m | CN¥405.0m | CN¥538.0m | CN¥42.0m | CN¥43.0m | CN¥395.0m | −CN¥361.0m |
| Capital spending | — | −CN¥21.0m | — | −CN¥1.0m | −CN¥2.0m | −CN¥51.0m | — | −CN¥97.0m |
| Free cash flow | — | −CN¥348.0m | — | CN¥537.0m | CN¥40.0m | −CN¥8.0m | — | −CN¥458.0m |
| Total assets | CN¥53.91bn | CN¥56.70bn | CN¥56.83bn | CN¥48.90bn | CN¥47.09bn | CN¥48.18bn | CN¥47.85bn | CN¥49.06bn |
| Cash and short-term investments | CN¥128.2m | CN¥138.2m | CN¥171.1m | CN¥135.2m | CN¥179.6m | CN¥130.1m | CN¥108.3m | CN¥162.0m |
| Debt | CN¥10.11bn | CN¥23.82bn | CN¥22.59bn | CN¥19.48bn | CN¥18.92bn | CN¥18.96bn | CN¥18.40bn | CN¥18.17bn |
| Shareholders' equity | CN¥7.78bn | CN¥8.11bn | CN¥9.70bn | CN¥8.49bn | CN¥9.50bn | CN¥9.55bn | CN¥9.80bn | CN¥10.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -32.3% | -29.1% | -16.8% |
| Operating income | 29.5% | — | — |
| Net income | 32.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.0% | 2.5% | 9.8% | 27.0% |
| Operating margin | -16.7% | -12.6% | -0.9% | 17.6% |
| Net margin | -86.1% | -47.0% | -16.7% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.2 | -0.2 | -0.8 | 3.8 | 19.2 | 4.6 | 4.8 | 3.3 | 3.8 |
| Price to sales | 0.5 | 0.1 | 0.0 | 0.2 | 0.1 | 0.3 | 0.5 | 0.7 | 0.8 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Aug 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.00 | 0.001 | 0.001 | 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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