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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¥1.40bn
FY2016FY2025
Net income
−CN¥230.4m
FY2016FY2025
Free cash flow
−CN¥649.6m
FY2016FY2025
Shareholders' equity
CN¥3.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.40bn | CN¥1.71bn | CN¥1.72bn | CN¥2.08bn | CN¥1.80bn | CN¥1.40bn | CN¥812.1m | CN¥719.4m | CN¥627.0m | CN¥397.3m |
| Research and development | CN¥44.7m | CN¥56.8m | CN¥58.5m | CN¥35.6m | — | — | — | — | — | — |
| Operating income | CN¥139.2m | CN¥576.8m | CN¥654.3m | CN¥1.05bn | CN¥506.1m | CN¥487.3m | CN¥282.6m | CN¥265.6m | CN¥268.2m | CN¥116.8m |
| Net income | −CN¥230.4m | CN¥440.2m | CN¥504.2m | CN¥866.6m | CN¥351.5m | CN¥345.5m | CN¥218.0m | CN¥176.2m | CN¥82.8m | CN¥51.0m |
| Diluted earnings per share | -0.14 | 0.28 | 0.32 | 0.54 | 0.22 | 0.22 | 0.14 | 0.14 | 0.08 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.16bn | CN¥4.86bn | CN¥4.33bn | CN¥4.75bn | CN¥3.77bn | CN¥2.68bn | CN¥1.68bn | CN¥1.40bn | CN¥1.09bn | CN¥798.0m |
| Cash and short-term investments | CN¥100.5m | CN¥205.5m | CN¥130.0m | CN¥235.4m | CN¥210.7m | CN¥139.6m | CN¥243.3m | CN¥351.2m | CN¥33.2m | CN¥35.5m |
| Total liabilities | CN¥1.72bn | CN¥1.70bn | CN¥1.54bn | CN¥1.88bn | CN¥1.71bn | CN¥1.16bn | CN¥467.1m | CN¥406.9m | CN¥632.9m | CN¥521.0m |
| Debt | CN¥1.23bn | CN¥1.19bn | CN¥915.2m | CN¥788.5m | CN¥525.8m | CN¥378.7m | CN¥216.5m | CN¥208.6m | CN¥191.0m | CN¥84.0m |
| Shareholders' equity | CN¥3.45bn | CN¥3.16bn | CN¥2.79bn | CN¥2.87bn | CN¥2.06bn | CN¥1.52bn | CN¥1.21bn | CN¥992.2m | CN¥245.6m | CN¥122.7m |
| Shares outstanding | 1,600m | 1,600m | 1,600m | 1,600m | 1,600m | 1,600m | 1,600m | 1,246m | 1,067m | 1,600m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥202.5m | −CN¥423.9m | CN¥213.4m | CN¥210.5m | CN¥644.7m | CN¥492.3m | CN¥150.3m | CN¥199.2m | CN¥360.5m | CN¥79.1m |
| Capital spending | −CN¥447.0m | −CN¥365.4m | −CN¥729.0m | −CN¥552.7m | −CN¥530.4m | −CN¥242.3m | −CN¥361.5m | −CN¥141.5m | −CN¥111.1m | −CN¥53.0m |
| Free cash flow | −CN¥649.6m | −CN¥789.3m | −CN¥515.7m | −CN¥342.2m | CN¥114.2m | CN¥249.9m | −CN¥211.2m | CN¥57.7m | CN¥249.4m | CN¥26.1m |
| Dividends paid | −CN¥16.4m | −CN¥72.5m | −CN¥178.7m | −CN¥57.1m | −CN¥61.9m | −CN¥36.6m | −CN¥36.6m | −CN¥145.9m | −CN¥145.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥596.4m | CN¥715.9m | CN¥689.0m | CN¥837.9m | CN¥868.2m | CN¥1.07bn | CN¥647.4m | CN¥323.7m |
| Operating income | −CN¥38.3m | CN¥49.0m | CN¥44.3m | CN¥240.0m | CN¥336.8m | CN¥462.1m | CN¥219.4m | CN¥101.4m |
| Net income | −CN¥50.4m | −CN¥233.8m | CN¥3.4m | CN¥182.6m | CN¥257.6m | CN¥353.4m | CN¥150.8m | CN¥75.4m |
| Diluted earnings per share | -0.03 | -0.15 | 0.00 | 0.11 | 0.16 | 0.22 | 0.09 | 0.05 |
| Cash from operations | −CN¥300.0m | CN¥52.0m | −CN¥255.0m | −CN¥462.0m | CN¥44.0m | CN¥329.0m | −CN¥80.0m | — |
| Capital spending | −CN¥64.0m | −CN¥259.0m | −CN¥187.0m | −CN¥194.0m | −CN¥198.0m | −CN¥124.0m | −CN¥243.0m | — |
| Free cash flow | −CN¥364.0m | −CN¥207.0m | −CN¥442.0m | −CN¥656.0m | −CN¥154.0m | CN¥205.0m | −CN¥323.0m | — |
| Total assets | CN¥5.09bn | CN¥5.16bn | CN¥5.57bn | CN¥4.86bn | CN¥4.65bn | CN¥4.33bn | CN¥5.07bn | — |
| Cash and short-term investments | CN¥195.5m | CN¥100.5m | CN¥171.2m | CN¥205.5m | CN¥160.1m | CN¥130.0m | CN¥276.8m | — |
| Debt | CN¥1.25bn | CN¥1.23bn | CN¥1.34bn | CN¥1.19bn | CN¥1.10bn | CN¥915.2m | CN¥1.48bn | — |
| Shareholders' equity | CN¥3.39bn | CN¥3.45bn | CN¥3.68bn | CN¥3.16bn | CN¥2.97bn | CN¥2.79bn | CN¥2.84bn | — |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.3% | 33.3% | 37.4% | 52.3% | 28.2% | 36.0% |
| Net margin | -16.4% | 25.8% | 29.4% | 41.7% | 19.6% | 24.6% |
| Return on equity | -6.7% | 13.9% | 18.1% | 30.2% | 17.1% | 22.7% |
| Return on assets | -4.5% | 9.1% | 11.6% | 18.2% | 9.3% | 12.9% |
| Free cash flow yield | 16.3% | -4.5% | 73.2% | 50.9% | 78.3% | 57.0% |
| Revenue growth | -29.3% | -0.6% | -3.8% | 15.7% | 9.9% | 72.7% |
| Earnings growth | -144.9% | -12.7% | -32.2% | 146.5% | -12.7% | 58.5% |
| Current ratio | 0.52x | 0.81x | 0.85x | 0.79x | 0.93x | 0.91x |
| Debt to equity | 0.36x | 0.38x | 0.33x | 0.32x | 0.30x | 0.25x |
| Equity ratio | 66.7% | 64.9% | 64.4% | 60.4% | 54.6% | 56.8% |
| Interest coverage | 1.53x | 11.31x | 17.79x | 32.22x | 18.85x | 23.82x |
| R&D as a share of sales | 3.2% | 3.3% | 3.4% | 1.7% | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.2% | 0.0% | 9.9% |
| Operating income | -49.0% | -22.2% | 0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.0% | 35.1% | 33.8% | 33.9% |
| Net margin | 6.7% | 22.9% | 22.5% | 21.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.0 | 3.0 | 2.4 | 1.1 | 6.5 | 25.5 | 8.6 | 2.6 |
| Price to sales | 1.1 | 0.8 | 0.7 | 0.5 | 1.3 | 6.3 | 2.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.125 | 0.038 | 0.038 | 0.025 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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