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4.49
+0.45%
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¥109.5m
FY2016FY2025
Net income
−CN¥219.0m
FY2016FY2025
Free cash flow
−CN¥74.8m
FY2016FY2025
Shareholders' equity
−CN¥3.39bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥109.5m | CN¥74.3m | CN¥361.5m | CN¥30.1m | CN¥101.8m | CN¥110.0m | CN¥139.7m | CN¥534.5m | CN¥1.62bn | CN¥549.8m |
| Operating income | CN¥50.0m | −CN¥13.2m | −CN¥94.7m | −CN¥41.8m | −CN¥758.9m | −CN¥391.3m | −CN¥23.1m | CN¥127.8m | CN¥368.3m | CN¥146.3m |
| Net income | −CN¥219.0m | −CN¥464.1m | −CN¥450.1m | −CN¥1.93bn | −CN¥863.9m | −CN¥856.2m | −CN¥100.1m | CN¥36.7m | CN¥207.3m | CN¥8.7m |
| Diluted earnings per share | -4.14 | -0.25 | -0.24 | -1.02 | -0.46 | -0.46 | -0.05 | 0.02 | 0.11 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.20bn | CN¥1.83bn | CN¥1.90bn | CN¥2.25bn | CN¥5.22bn | CN¥5.49bn | CN¥5.77bn | CN¥5.79bn | CN¥5.78bn | CN¥6.75bn |
| Cash and short-term investments | CN¥7.4m | CN¥35.6m | CN¥31.0m | CN¥48.2m | CN¥20.2m | CN¥4.5m | CN¥155.9m | CN¥37.2m | CN¥634.7m | CN¥828.1m |
| Total liabilities | CN¥5.91bn | CN¥4.87bn | CN¥4.43bn | CN¥4.33bn | CN¥5.20bn | CN¥4.76bn | CN¥4.08bn | CN¥4.00bn | CN¥4.00bn | CN¥5.09bn |
| Debt | CN¥1.49bn | CN¥1.28bn | CN¥1.33bn | CN¥1.36bn | CN¥1.85bn | CN¥1.90bn | CN¥1.85bn | CN¥1.93bn | CN¥1.76bn | CN¥2.57bn |
| Shareholders' equity | −CN¥3.39bn | −CN¥2.78bn | −CN¥2.36bn | −CN¥1.91bn | CN¥20.5m | CN¥756.7m | CN¥1.61bn | CN¥1.71bn | CN¥1.68bn | CN¥1.51bn |
| Shares outstanding | 53m | 1,879m | 1,879m | 1,879m | 1,879m | 1,879m | 1,879m | 2,094m | 1,879m | 1,879m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥74.8m | CN¥56.5m | −CN¥72.1m | −CN¥1.4m | CN¥166.9m | −CN¥225.5m | −CN¥13.6m | CN¥45.3m | CN¥856.4m | CN¥135.5m |
| Capital spending | −CN¥2,919 | −CN¥3 | — | — | −CN¥20,000 | −CN¥29,000 | −CN¥6,844 | −CN¥318,248 | −CN¥94,961 | −CN¥479,083 |
| Free cash flow | −CN¥74.8m | CN¥56.5m | −CN¥72.1m | −CN¥1.4m | CN¥166.9m | −CN¥225.5m | −CN¥13.6m | CN¥45.0m | CN¥856.3m | CN¥135.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥55.3m | CN¥76.3m | CN¥33.1m | CN¥7.0m | CN¥68.0m | CN¥162.2m | CN¥243.6m | CN¥11.1m |
| Operating income | −CN¥3.3m | CN¥54.6m | −CN¥4.7m | −CN¥67.3m | −CN¥56.1m | −CN¥99.1m | CN¥5.1m | −CN¥29.9m |
| Net income | −CN¥108.3m | −CN¥82.2m | −CN¥136.8m | −CN¥177.6m | −CN¥288.8m | −CN¥235.0m | −CN¥251.5m | −CN¥1.31bn |
| Diluted earnings per share | -28.84 | -1.55 | -2.59 | -0.09 | -0.15 | -0.13 | -0.13 | -0.70 |
| Cash from operations | — | −CN¥75.0m | — | CN¥57.0m | — | −CN¥66.0m | −CN¥6.0m | −CN¥6.0m |
| Capital spending | — | — | — | — | — | −CN¥66.0m | −CN¥6.0m | — |
| Free cash flow | — | — | — | — | — | −CN¥132.0m | −CN¥12.0m | — |
| Total assets | CN¥2.12bn | CN¥2.20bn | CN¥2.12bn | CN¥1.83bn | CN¥1.77bn | CN¥1.90bn | CN¥2.23bn | CN¥2.63bn |
| Cash and short-term investments | CN¥34.8m | CN¥7.4m | CN¥1.4m | CN¥35.6m | CN¥532,979 | CN¥31.0m | CN¥1.3m | CN¥7.8m |
| Debt | CN¥1.48bn | CN¥1.49bn | CN¥1.49bn | CN¥1.28bn | CN¥1.33bn | CN¥1.43bn | CN¥1.55bn | CN¥1.59bn |
| Shareholders' equity | −CN¥3.50bn | −CN¥3.39bn | −CN¥3.38bn | −CN¥2.78bn | −CN¥2.60bn | −CN¥2.36bn | −CN¥2.43bn | −CN¥2.23bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 53.8% | -0.1% | -22.2% |
| Operating income | — | — | -13.9% |
| Net income | -51.5% | -23.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.0% | -17.3% | -158.8% | -8.2% |
| Net margin | -371.8% | -531.6% | -607.0% | -85.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -15.4 | -14.6 | -2.9 | -24.1 | -59.0 | -6419.8 | — |
| Price to sales | 2.2 | 96.0 | 18.2 | 182.2 | 204.8 | 459.1 | — | 397.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 26 May 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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