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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¥861.3m
FY2016FY2025
Net income
−CN¥1.27bn
FY2016FY2025
Free cash flow
−CN¥258.9m
FY2016FY2025
Shareholders' equity
−CN¥849.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥861.3m | CN¥5.05bn | CN¥5.65bn | CN¥4.00bn | CN¥4.54bn | CN¥2.85bn | CN¥2.16bn | CN¥2.91bn | CN¥2.86bn | CN¥1.92bn |
| Gross profit | −CN¥692.8m | CN¥27.1m | CN¥254.2m | −CN¥17.3m | CN¥178.9m | CN¥150.3m | CN¥114.5m | CN¥144.7m | CN¥212.3m | CN¥226.8m |
| Operating income | −CN¥787.8m | −CN¥72.0m | CN¥144.8m | −CN¥103.2m | CN¥100.1m | CN¥73.5m | CN¥49.0m | CN¥74.2m | CN¥129.0m | CN¥145.3m |
| Net income | −CN¥1.27bn | −CN¥78.0m | CN¥73.4m | −CN¥141.7m | CN¥53.2m | CN¥36.4m | CN¥18.4m | CN¥6.4m | CN¥92.6m | CN¥94.3m |
| Diluted earnings per share | -2.12 | -0.13 | 0.12 | -0.24 | 0.09 | 0.06 | 0.03 | 0.01 | 0.15 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.34bn | CN¥3.19bn | CN¥3.25bn | CN¥2.40bn | CN¥2.06bn | CN¥2.04bn | CN¥1.55bn | CN¥1.76bn | CN¥1.87bn | CN¥1.36bn |
| Cash and short-term investments | CN¥16.7m | CN¥30.2m | CN¥84.3m | CN¥13.8m | CN¥19.3m | CN¥46.2m | CN¥38.7m | CN¥72.5m | CN¥128.0m | CN¥119.3m |
| Total liabilities | CN¥3.19bn | CN¥2.82bn | CN¥2.81bn | CN¥2.03bn | CN¥1.56bn | CN¥1.47bn | CN¥1.01bn | CN¥1.18bn | CN¥1.27bn | CN¥823.2m |
| Debt | CN¥2.27bn | CN¥2.16bn | CN¥1.96bn | CN¥1.30bn | CN¥1.06bn | CN¥962.7m | CN¥795.8m | CN¥848.2m | CN¥958.0m | CN¥634.1m |
| Shareholders' equity | −CN¥849.8m | CN¥361.7m | CN¥439.6m | CN¥364.6m | CN¥503.1m | CN¥570.4m | CN¥534.0m | CN¥586.0m | CN¥587.2m | CN¥533.3m |
| Shares outstanding | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 604m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥175.9m | −CN¥784.1m | −CN¥318.8m | −CN¥298.9m | −CN¥31.3m | CN¥94.0m | CN¥217.6m | CN¥482.9m | −CN¥75.3m | −CN¥200.4m |
| Capital spending | −CN¥83.0m | −CN¥400.4m | −CN¥470.5m | −CN¥90.8m | −CN¥108.8m | −CN¥222.5m | −CN¥129.2m | −CN¥232.5m | −CN¥160.7m | −CN¥153.1m |
| Free cash flow | −CN¥258.9m | −CN¥1.18bn | −CN¥789.3m | −CN¥389.7m | −CN¥140.0m | −CN¥128.6m | CN¥88.4m | CN¥250.4m | −CN¥236.0m | −CN¥353.5m |
| Dividends paid | — | — | — | −CN¥492,851 | −CN¥41.5m | −CN¥48.4m | −CN¥70.3m | −CN¥10.1m | −CN¥35.9m | −CN¥78.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥131.5m | CN¥128.4m | CN¥732.9m | CN¥2.31bn | CN¥2.75bn | CN¥3.10bn | CN¥2.55bn | CN¥2.29bn |
| Gross profit | −CN¥45.1m | −CN¥152.6m | −CN¥540.2m | −CN¥53.6m | CN¥80.7m | CN¥134.8m | CN¥119.4m | −CN¥12.6m |
| Operating income | −CN¥78.2m | −CN¥201.8m | −CN¥586.0m | −CN¥106.7m | CN¥34.6m | CN¥77.6m | CN¥67.2m | −CN¥67.9m |
| Net income | −CN¥109.1m | −CN¥748.3m | −CN¥523.1m | −CN¥92.5m | CN¥14.5m | CN¥39.6m | CN¥33.8m | −CN¥91.2m |
| Diluted earnings per share | -0.18 | -1.25 | -0.87 | -0.15 | 0.02 | 0.07 | 0.06 | -0.15 |
| Cash from operations | — | −CN¥259.0m | CN¥91.0m | −CN¥266.0m | −CN¥517.0m | −CN¥319.0m | — | −CN¥87.0m |
| Capital spending | — | −CN¥68.0m | −CN¥17.0m | −CN¥101.0m | −CN¥236.0m | −CN¥393.0m | −CN¥55.0m | −CN¥46.0m |
| Free cash flow | — | −CN¥327.0m | CN¥74.0m | −CN¥367.0m | −CN¥753.0m | −CN¥712.0m | — | −CN¥133.0m |
| Total assets | CN¥2.29bn | CN¥2.34bn | CN¥3.30bn | CN¥3.19bn | CN¥3.65bn | CN¥3.25bn | CN¥2.49bn | CN¥2.40bn |
| Cash and short-term investments | CN¥2.7m | CN¥16.7m | CN¥5.2m | CN¥30.2m | CN¥47.2m | CN¥84.3m | CN¥40.8m | CN¥13.8m |
| Debt | CN¥848.3m | CN¥2.27bn | CN¥2.37bn | CN¥2.16bn | CN¥2.48bn | CN¥1.96bn | CN¥1.22bn | CN¥1.31bn |
| Shareholders' equity | −CN¥958.5m | −CN¥849.8m | −CN¥101.4m | CN¥361.7m | CN¥454.2m | CN¥439.6m | CN¥399.1m | CN¥364.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -40.0% | -21.3% | -7.5% |
| Operating income | 96.9% | — | — |
| Net income | 107.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -11.3% | -2.8% | -0.4% | 2.5% |
| Operating margin | -14.5% | -5.3% | -2.8% | -0.2% |
| Net margin | -22.8% | -9.1% | -5.8% | -2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -3.0 | 3.4 | -4.0 | 15.7 | 22.3 | 39.8 | 123.1 | 10.3 | 9.5 |
| Price to sales | 0.1 | 0.1 | 0.0 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Feb 2021.
| FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.00 | 0.00 | 0.001 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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