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25.20
-10.00%
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¥213.3m
FY2019FY2025
Net income
−CN¥28.1m
FY2019FY2025
Free cash flow
−CN¥222.6m
FY2019FY2025
Shareholders' equity
CN¥441.1m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥213.3m | CN¥202.4m | CN¥249.1m | CN¥349.5m | CN¥370.3m | CN¥506.4m | CN¥492.5m |
| Gross profit | CN¥57.0m | CN¥71.8m | CN¥106.6m | CN¥167.0m | CN¥178.3m | CN¥288.5m | CN¥259.3m |
| Operating income | CN¥28.4m | CN¥47.6m | CN¥112.2m | CN¥180.9m | CN¥187.1m | CN¥248.8m | CN¥229.4m |
| Net income | −CN¥28.1m | −CN¥18.8m | CN¥32.1m | CN¥57.8m | CN¥64.7m | CN¥124.2m | CN¥168.9m |
| Diluted earnings per share | -0.11 | -0.07 | 0.12 | 0.25 | 0.25 | 0.47 | 0.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.14bn | CN¥2.12bn | CN¥2.04bn | CN¥1.97bn | CN¥2.34bn | CN¥702.0m | CN¥796.4m |
| Cash and short-term investments | CN¥302.2m | CN¥276.7m | CN¥293.6m | CN¥215.5m | CN¥599.0m | CN¥67.0m | CN¥180.8m |
| Total liabilities | CN¥1.48bn | CN¥1.52bn | CN¥1.47bn | CN¥1.50bn | CN¥1.88bn | CN¥194.9m | CN¥197.1m |
| Debt | CN¥1.23bn | CN¥1.17bn | CN¥863.4m | CN¥771.7m | CN¥934.9m | CN¥68.0m | CN¥67.8m |
| Shareholders' equity | CN¥441.1m | CN¥402.6m | CN¥408.8m | CN¥318.5m | CN¥304.1m | CN¥334.5m | CN¥390.5m |
| Shares outstanding | 264m | 264m | 263m | 231m | 264m | 264m | 264m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥183.9m | CN¥147.7m | CN¥177.7m | CN¥133.1m | CN¥244.8m | CN¥291.7m | CN¥164.8m |
| Capital spending | −CN¥38.7m | −CN¥4.7m | −CN¥93.0m | −CN¥254.6m | −CN¥725.4m | −CN¥28.5m | −CN¥166.8m |
| Free cash flow | −CN¥222.6m | CN¥142.9m | CN¥84.7m | −CN¥121.5m | −CN¥480.5m | CN¥263.3m | −CN¥1.9m |
| Dividends paid | — | −CN¥6.3m | −CN¥1.9m | — | −CN¥153.5m | −CN¥280.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥52.9m | CN¥90.1m | CN¥127.3m | CN¥107.5m | CN¥62.7m | CN¥94.9m | CN¥55.4m | CN¥119.2m |
| Gross profit | CN¥928,026 | CN¥6.9m | CN¥51.5m | CN¥37.2m | CN¥21.7m | CN¥34.6m | CN¥20.2m | CN¥48.3m |
| Operating income | −CN¥9.4m | CN¥284,177 | CN¥32.6m | CN¥25.8m | CN¥15.0m | CN¥21.8m | CN¥12.7m | CN¥55.1m |
| Net income | −CN¥16.8m | −CN¥25.6m | −CN¥2.8m | −CN¥12.3m | −CN¥7.1m | −CN¥6.6m | −CN¥3.8m | CN¥18.1m |
| Diluted earnings per share | -0.06 | -0.10 | -0.01 | -0.05 | -0.03 | -0.02 | -0.01 | 0.07 |
| Cash from operations | — | −CN¥241.0m | CN¥12.0m | CN¥116.0m | — | CN¥56.0m | CN¥28.0m | CN¥81.0m |
| Capital spending | — | −CN¥27.0m | −CN¥11.0m | −CN¥4.0m | — | — | — | −CN¥59.0m |
| Free cash flow | — | −CN¥268.0m | CN¥1.0m | CN¥112.0m | — | — | — | CN¥22.0m |
| Total assets | CN¥2.02bn | CN¥2.14bn | CN¥2.27bn | CN¥2.12bn | CN¥2.48bn | CN¥2.21bn | CN¥2.58bn | CN¥2.04bn |
| Cash and short-term investments | CN¥98.8m | CN¥302.2m | CN¥385.8m | CN¥276.7m | CN¥322.8m | CN¥488.3m | CN¥569.7m | CN¥293.6m |
| Debt | CN¥322.8m | CN¥1.23bn | CN¥1.34bn | CN¥1.17bn | CN¥128.4m | CN¥1.33bn | CN¥254.3m | CN¥863.4m |
| Shareholders' equity | CN¥424.0m | CN¥441.1m | CN¥466.9m | CN¥402.6m | CN¥469.7m | CN¥395.9m | CN¥461.9m | CN¥408.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.2% | -15.9% | — |
| Operating income | -46.0% | -35.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.0% | 39.7% | 46.0% | — |
| Operating margin | 18.3% | 36.4% | 42.6% | — |
| Net margin | -11.3% | 4.2% | 12.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -26.0 | -22.6 | 4.2 |
| Price to sales | 3.4 | 2.1 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.059 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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