C 
0.62
+0.81%
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¥388.3m
FY2014FY2024
Net income
−CN¥443.2m
FY2014FY2024
Free cash flow
−CN¥511.4m
FY2014FY2024
Shareholders' equity
CN¥1.65bn
FY2014FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|
| Revenue | CN¥388.3m | CN¥538.6m | CN¥472.2m | CN¥470.5m | CN¥166.3m | CN¥63.0m |
| Research and development | CN¥31.2m | CN¥36.4m | CN¥41.3m | CN¥40.4m | CN¥11.3m | — |
| Operating income | −CN¥393.4m | −CN¥332.0m | −CN¥378.1m | −CN¥440.0m | −CN¥283.9m | CN¥9.4m |
| Net income | −CN¥443.2m | −CN¥373.1m | −CN¥541.4m | −CN¥816.6m | −CN¥583.3m | CN¥6.2m |
| Diluted earnings per share | -0.62 | -0.52 | -0.76 | -1.14 | -0.81 | 0.18 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|
| Total assets | CN¥5.91bn | CN¥5.24bn | CN¥5.41bn | CN¥5.45bn | CN¥4.98bn | CN¥140.2m |
| Cash and short-term investments | CN¥337.1m | CN¥40.6m | CN¥126.5m | CN¥136.1m | CN¥424.8m | CN¥79.6m |
| Total liabilities | CN¥4.26bn | CN¥3.64bn | CN¥3.73bn | CN¥7.00bn | CN¥5.66bn | CN¥75.3m |
| Debt | CN¥3.21bn | CN¥2.60bn | CN¥2.61bn | CN¥2.44bn | CN¥2.17bn | — |
| Shareholders' equity | CN¥1.65bn | CN¥1.60bn | CN¥1.69bn | −CN¥1.56bn | −CN¥678.1m | CN¥64.9m |
| Shares outstanding | 715m | 716m | 716m | 716m | 716m | 34m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|
| Cash from operations | −CN¥186.0m | CN¥509.2m | −CN¥93.6m | CN¥151.2m | CN¥50.6m | CN¥11.9m |
| Capital spending | −CN¥325.4m | −CN¥183.7m | −CN¥84.9m | −CN¥522.8m | −CN¥768.5m | −CN¥1.6m |
| Free cash flow | −CN¥511.4m | CN¥325.5m | −CN¥178.5m | −CN¥371.6m | −CN¥717.9m | CN¥10.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥200.9m | CN¥169.3m | CN¥219.0m | CN¥253.5m | CN¥285.2m | CN¥328.4m | CN¥143.8m | CN¥30.8m |
| Operating income | −CN¥135.5m | −CN¥240.1m | −CN¥153.2m | −CN¥163.1m | −CN¥166.3m | −CN¥178.9m | −CN¥199.2m | CN¥864,000 |
| Net income | −CN¥176.6m | −CN¥261.3m | −CN¥181.9m | −CN¥178.8m | −CN¥194.3m | −CN¥160.2m | −CN¥381.2m | CN¥3.4m |
| Diluted earnings per share | -0.24 | -0.37 | -0.25 | -0.25 | -0.27 | -0.22 | -0.53 | 0.10 |
| Total assets | — | CN¥5.91bn | CN¥5.72bn | CN¥5.24bn | CN¥5.51bn | — | — | CN¥111.9m |
| Cash and short-term investments | — | CN¥337.1m | CN¥318.7m | CN¥40.6m | CN¥257.3m | — | — | CN¥59.5m |
| Debt | — | CN¥3.02bn | CN¥2.43bn | CN¥2.23bn | CN¥2.39bn | — | — | — |
| Shareholders' equity | — | CN¥1.65bn | CN¥1.91bn | CN¥1.60bn | CN¥1.79bn | — | — | CN¥52.9m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -47.6% | -79.5% | -60.3% | -99.5% | -93.5% | -171.9% |
| Net margin | -55.8% | -114.1% | -69.3% | -114.7% | -173.6% | -350.7% |
| Return on equity | -13.7% | -26.9% | -23.3% | -32.1% | 52.4% | 86.0% |
| Return on assets | -4.3% | -7.5% | -7.1% | -8.9% | -12.3% | -9.9% |
| Free cash flow yield | 7.2% | 26.7% | 91.2% | -2.9% | 184.9% | — |
| Revenue growth | 15.4% | -27.9% | 14.1% | 0.4% | 182.9% | 31.5% |
| Earnings growth | -43.6% | 18.8% | -31.1% | -33.7% | 40.0% | 107.9% |
| Current ratio | 0.54x | 0.63x | 0.30x | 0.84x | 0.20x | 0.21x |
| Debt to equity | 1.64x | 1.89x | 1.54x | 1.58x | -1.47x | -0.23x |
| Equity ratio | 31.6% | 27.9% | 30.5% | 27.7% | -23.4% | -11.5% |
| Interest coverage | -1.77x | -2.82x | -3.01x | -1.71x | -1.01x | -0.88x |
| R&D as a share of sales | 6.1% | 8.0% | 6.8% | 8.8% | 8.6% | 6.8% |
| Buybacks as a share of market value | 2.2% | -13.4% | -5.8% | 5.5% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.2% | 43.9% | — |
| Operating income | -3.7% | — | — |
| Net income | -18.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -78.3% | -82.6% | -86.6% | — |
| Net margin | -88.1% | -116.3% | -131.1% | — |
Valuation history
At each fiscal year end
| FY2024 | |
|---|---|
| Price to earnings | -15.4 |
| Price to sales | 17.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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