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0.03
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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¥12.27bn
FY2016FY2025
Net income
−CN¥4.08bn
FY2016FY2025
Free cash flow
−CN¥2.59bn
FY2016FY2025
Shareholders' equity
CN¥420.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.27bn | CN¥34.01bn | CN¥57.10bn | CN¥39.33bn | CN¥76.11bn | CN¥56.52bn | CN¥48.55bn | CN¥25.90bn | CN¥12.02bn | CN¥2.51bn |
| Gross profit | −CN¥2.13bn | CN¥777.4m | CN¥2.73bn | CN¥3.50bn | CN¥13.03bn | CN¥11.87bn | CN¥11.30bn | CN¥5.92bn | CN¥2.45bn | CN¥528.5m |
| Operating income | −CN¥2.99bn | −CN¥227.9m | CN¥607.4m | CN¥261.5m | CN¥6.88bn | CN¥7.50bn | CN¥7.37bn | CN¥3.37bn | CN¥1.38bn | −CN¥55.0m |
| Net income | −CN¥4.08bn | −CN¥2.08bn | −CN¥3.64bn | −CN¥1.35bn | CN¥2.70bn | CN¥3.21bn | CN¥3.29bn | CN¥1.66bn | CN¥430.9m | −CN¥144.5m |
| Diluted earnings per share | -0.95 | -0.55 | -1.04 | -0.39 | 0.75 | 0.90 | 0.92 | 0.55 | 0.12 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥112.13bn | CN¥114.15bn | CN¥154.94bn | CN¥237.82bn | CN¥267.18bn | CN¥232.14bn | CN¥192.44bn | CN¥144.06bn | CN¥85.04bn | CN¥39.71bn |
| Cash and short-term investments | CN¥3.36bn | CN¥4.95bn | CN¥9.17bn | CN¥16.62bn | CN¥27.79bn | CN¥29.82bn | CN¥13.07bn | CN¥12.67bn | CN¥9.47bn | CN¥4.67bn |
| Total liabilities | CN¥99.79bn | CN¥97.54bn | CN¥132.31bn | CN¥206.44bn | CN¥231.70bn | CN¥206.27bn | CN¥174.55bn | CN¥138.27bn | CN¥83.02bn | CN¥39.15bn |
| Debt | CN¥17.71bn | CN¥17.36bn | CN¥18.15bn | CN¥26.78bn | CN¥39.95bn | CN¥46.43bn | CN¥16.34bn | CN¥23.15bn | CN¥20.98bn | CN¥17.34bn |
| Shareholders' equity | CN¥420.3m | CN¥3.89bn | CN¥5.91bn | CN¥11.11bn | CN¥11.96bn | CN¥9.35bn | CN¥7.48bn | CN¥2.21bn | CN¥201.2m | −CN¥229.5m |
| Shares outstanding | 4,286m | 3,782m | 3,493m | 3,493m | 3,582m | 3,582m | 3,582m | 2,998m | 3,530m | 3,530m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥2.58bn | −CN¥2.30bn | −CN¥1.88bn | CN¥10.95bn | CN¥17.81bn | CN¥4.86bn | −CN¥17.42bn | CN¥6.89bn | −CN¥5.86bn | −CN¥15.11bn |
| Capital spending | −CN¥5.6m | −CN¥10.0m | −CN¥9.5m | −CN¥6.8m | −CN¥24.6m | −CN¥48.2m | −CN¥42.1m | −CN¥41.3m | −CN¥32.3m | −CN¥22.7m |
| Free cash flow | −CN¥2.59bn | −CN¥2.31bn | −CN¥1.89bn | CN¥10.94bn | CN¥17.78bn | CN¥4.81bn | −CN¥17.47bn | CN¥6.85bn | −CN¥5.89bn | −CN¥15.13bn |
| Dividends paid | — | — | — | — | −CN¥967.0m | −CN¥1.34bn | −CN¥423.7m | −CN¥423.7m | −CN¥423.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.51bn | CN¥7.14bn | CN¥5.13bn | CN¥14.55bn | CN¥19.46bn | CN¥32.37bn | CN¥28.85bn | CN¥16.99bn |
| Gross profit | −CN¥572.9m | −CN¥1.08bn | −CN¥1.05bn | CN¥601.5m | CN¥175.9m | CN¥578.1m | CN¥2.51bn | −CN¥273.1m |
| Operating income | −CN¥995.4m | −CN¥1.45bn | −CN¥1.54bn | CN¥64.3m | −CN¥292.1m | −CN¥381.6m | CN¥1.48bn | −CN¥1.61bn |
| Net income | −CN¥3.58bn | −CN¥3.30bn | −CN¥781.3m | −CN¥615.8m | −CN¥1.46bn | −CN¥3.66bn | CN¥18.6m | −CN¥1.78bn |
| Diluted earnings per share | -0.82 | -0.77 | -0.18 | -0.16 | -0.39 | -1.05 | 0.01 | -0.51 |
| Cash from operations | −CN¥1.29bn | −CN¥1.09bn | −CN¥648.0m | −CN¥737.0m | −CN¥1.56bn | −CN¥4.42bn | CN¥2.23bn | CN¥3.24bn |
| Capital spending | −CN¥1.0m | −CN¥5.0m | — | −CN¥8.0m | −CN¥1.0m | −CN¥4.0m | — | −CN¥3.0m |
| Free cash flow | −CN¥1.29bn | −CN¥1.10bn | — | −CN¥745.0m | −CN¥1.57bn | −CN¥4.42bn | — | CN¥3.24bn |
| Total assets | CN¥104.26bn | CN¥112.13bn | CN¥123.06bn | CN¥114.15bn | CN¥127.52bn | CN¥180.77bn | CN¥221.42bn | CN¥237.82bn |
| Cash and short-term investments | CN¥2.77bn | CN¥3.36bn | CN¥4.33bn | CN¥4.95bn | CN¥6.77bn | CN¥10.70bn | CN¥14.43bn | CN¥16.62bn |
| Debt | CN¥7.71bn | CN¥17.70bn | CN¥18.38bn | CN¥17.36bn | CN¥18.35bn | CN¥21.17bn | CN¥23.12bn | CN¥26.78bn |
| Shareholders' equity | −CN¥2.74bn | CN¥420.3m | CN¥3.78bn | CN¥3.89bn | CN¥4.44bn | CN¥6.89bn | CN¥11.19bn | CN¥11.11bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -37.9% | -30.2% | — |
| Net income | 44.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -2.9% | 3.4% | 10.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.3 | -1.7 | 4.2 | 4.8 | 5.8 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2021.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.003 | 0.005 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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