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0.16
-8.00%
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¥12.74bn
FY2016FY2025
Net income
−CN¥19.13bn
FY2016FY2025
Free cash flow
CN¥1.77bn
FY2016FY2025
Shareholders' equity
−CN¥4.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.74bn | CN¥20.62bn | CN¥42.20bn | CN¥40.99bn | CN¥88.78bn | CN¥100.03bn | CN¥105.76bn | CN¥89.51bn | CN¥69.04bn | CN¥62.58bn |
| Operating income | −CN¥10.33bn | −CN¥10.79bn | −CN¥9.14bn | −CN¥5.85bn | −CN¥11.33bn | CN¥21.07bn | CN¥25.44bn | CN¥23.63bn | CN¥18.52bn | CN¥14.52bn |
| Net income | −CN¥19.13bn | −CN¥20.62bn | −CN¥23.48bn | −CN¥18.33bn | −CN¥19.18bn | CN¥10.49bn | CN¥11.26bn | CN¥9.79bn | CN¥24.84bn | CN¥8.19bn |
| Diluted earnings per share | -5.10 | -5.50 | -6.26 | -4.88 | -5.11 | 2.79 | 3.49 | 3.04 | 7.71 | 2.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥313.26bn | CN¥338.43bn | CN¥389.99bn | CN¥429.65bn | CN¥464.15bn | CN¥514.98bn | CN¥497.67bn | CN¥426.47bn | CN¥347.18bn | CN¥263.68bn |
| Cash and short-term investments | CN¥3.56bn | CN¥917.0m | CN¥2.01bn | CN¥2.54bn | CN¥7.29bn | CN¥29.90bn | CN¥26.67bn | CN¥23.04bn | CN¥22.94bn | CN¥29.47bn |
| Total liabilities | CN¥303.76bn | CN¥305.29bn | CN¥335.96bn | CN¥351.69bn | CN¥367.65bn | CN¥407.82bn | CN¥404.74bn | CN¥345.11bn | CN¥271.61bn | CN¥209.14bn |
| Debt | CN¥115.81bn | CN¥104.18bn | CN¥128.76bn | CN¥128.16bn | CN¥130.21bn | CN¥167.58bn | CN¥197.40bn | CN¥163.36bn | CN¥142.24bn | CN¥120.85bn |
| Shareholders' equity | −CN¥4.78bn | CN¥18.54bn | CN¥39.24bn | CN¥63.39bn | CN¥81.74bn | CN¥104.23bn | CN¥90.09bn | CN¥79.49bn | CN¥74.46bn | CN¥53.78bn |
| Shares outstanding | 3,752m | 3,753m | 3,752m | 3,752m | 3,753m | 3,752m | 3,225m | 3,222m | 3,222m | 3,222m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.79bn | −CN¥1.78bn | −CN¥1.82bn | −CN¥1.46bn | CN¥15.41bn | CN¥22.51bn | −CN¥28.12bn | −CN¥10.04bn | −CN¥8.49bn | −CN¥3.89bn |
| Capital spending | −CN¥19.5m | −CN¥96.1m | −CN¥622.6m | −CN¥1.05bn | −CN¥2.10bn | −CN¥1.81bn | −CN¥1.43bn | −CN¥4.01bn | −CN¥2.12bn | −CN¥1.45bn |
| Free cash flow | CN¥1.77bn | −CN¥1.88bn | −CN¥2.44bn | −CN¥2.51bn | CN¥13.31bn | CN¥20.70bn | −CN¥29.55bn | −CN¥14.05bn | −CN¥10.60bn | −CN¥5.34bn |
| Dividends paid | — | — | — | — | −CN¥2.72bn | −CN¥5.02bn | −CN¥4.70bn | −CN¥4.38bn | −CN¥3.87bn | −CN¥4.50bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.74bn | CN¥6.03bn | CN¥6.71bn | CN¥4.07bn | CN¥16.55bn | CN¥23.09bn | CN¥19.12bn | CN¥20.28bn |
| Operating income | −CN¥2.42bn | −CN¥9.67bn | −CN¥666.9m | −CN¥11.79bn | CN¥1.00bn | −CN¥9.82bn | CN¥563.9m | −CN¥1.84bn |
| Net income | −CN¥6.05bn | −CN¥14.42bn | −CN¥4.71bn | −CN¥17.91bn | −CN¥2.71bn | −CN¥17.53bn | −CN¥5.95bn | −CN¥10.27bn |
| Diluted earnings per share | -1.61 | -3.84 | -1.26 | -4.77 | -0.72 | -4.67 | -1.59 | -2.74 |
| Cash from operations | — | CN¥617.0m | CN¥363.0m | CN¥165.0m | −CN¥1.95bn | −CN¥1.56bn | −CN¥258.0m | CN¥2.20bn |
| Capital spending | — | −CN¥7.0m | −CN¥8.0m | −CN¥19.0m | −CN¥67.0m | −CN¥269.0m | −CN¥346.0m | −CN¥563.0m |
| Free cash flow | — | CN¥610.0m | CN¥355.0m | CN¥146.0m | −CN¥2.02bn | −CN¥1.83bn | −CN¥604.0m | CN¥1.63bn |
| Total assets | CN¥303.09bn | CN¥313.26bn | CN¥336.75bn | CN¥338.43bn | CN¥363.60bn | CN¥389.99bn | CN¥421.16bn | CN¥429.65bn |
| Cash and short-term investments | CN¥3.03bn | CN¥3.56bn | CN¥801.3m | CN¥917.0m | CN¥1.59bn | CN¥2.01bn | CN¥2.07bn | CN¥2.54bn |
| Debt | CN¥96.48bn | CN¥115.83bn | CN¥129.76bn | CN¥126.87bn | CN¥138.01bn | CN¥148.70bn | CN¥154.36bn | CN¥154.43bn |
| Shareholders' equity | −CN¥11.19bn | −CN¥4.78bn | CN¥14.30bn | CN¥18.54bn | CN¥36.71bn | CN¥39.24bn | CN¥56.96bn | CN¥63.39bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -32.3% | -33.8% | -13.0% |
| Operating income | 20.9% | — | — |
| Net income | 1.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -63.3% | -31.0% | -8.6% | 10.0% |
| Net margin | -119.2% | -70.0% | -29.6% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.2 | -0.3 | -0.5 | 3.1 | 3.6 | 3.4 | 2.0 | 3.2 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 | 0.4 | 0.7 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Sept 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.009 | 0.014 | 0.014 | 0.014 | 0.012 | 0.014 | 0.004 | 0.005 |
- 4-for-1 split · 28 Sept 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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