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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¥7.11bn
FY2016FY2025
Net income
−CN¥9.96bn
FY2016FY2025
Free cash flow
−CN¥368.1m
FY2016FY2025
Shareholders' equity
−CN¥21.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.11bn | CN¥25.53bn | CN¥37.96bn | CN¥25.76bn | CN¥33.28bn | CN¥48.30bn | CN¥51.46bn | CN¥34.37bn | CN¥30.34bn | CN¥11.37bn |
| Gross profit | −CN¥4.72bn | CN¥286.6m | CN¥1.36bn | −CN¥5.25bn | CN¥3.63bn | CN¥5.31bn | CN¥12.48bn | CN¥8.06bn | CN¥5.02bn | CN¥2.30bn |
| Operating income | −CN¥9.71bn | −CN¥5.78bn | −CN¥2.26bn | −CN¥9.47bn | CN¥2.27bn | CN¥2.94bn | CN¥9.86bn | CN¥5.65bn | CN¥3.38bn | CN¥1.36bn |
| Net income | −CN¥9.96bn | −CN¥10.29bn | −CN¥5.07bn | −CN¥9.63bn | CN¥1.30bn | CN¥2.43bn | CN¥3.16bn | CN¥2.31bn | CN¥1.91bn | CN¥1.39bn |
| Diluted earnings per share | -5.92 | -6.11 | -3.01 | -5.72 | 0.77 | 1.44 | 1.83 | 1.43 | 1.36 | 1.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥81.21bn | CN¥85.36bn | CN¥147.31bn | CN¥189.23bn | CN¥245.44bn | CN¥233.25bn | CN¥214.21bn | CN¥203.44bn | CN¥170.20bn | CN¥98.91bn |
| Cash and short-term investments | CN¥2.69bn | CN¥1.28bn | CN¥3.83bn | CN¥6.00bn | CN¥16.02bn | CN¥27.21bn | CN¥31.02bn | CN¥25.00bn | CN¥20.53bn | CN¥15.23bn |
| Total liabilities | CN¥87.96bn | CN¥79.47bn | CN¥124.52bn | CN¥158.60bn | CN¥193.16bn | CN¥182.59bn | CN¥172.92bn | CN¥167.83bn | CN¥139.44bn | CN¥75.82bn |
| Debt | CN¥37.77bn | CN¥33.03bn | CN¥40.84bn | CN¥42.42bn | CN¥56.81bn | CN¥71.88bn | CN¥63.21bn | CN¥62.53bn | CN¥69.45bn | CN¥39.42bn |
| Shareholders' equity | −CN¥21.72bn | −CN¥10.07bn | CN¥248.5m | CN¥6.19bn | CN¥18.30bn | CN¥17.71bn | CN¥16.41bn | CN¥13.70bn | CN¥12.97bn | CN¥10.70bn |
| Shares outstanding | 1,683m | 1,683m | 1,683m | 1,683m | 1,684m | 1,685m | 1,733m | 1,622m | 1,401m | 1,353m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥54.0m | −CN¥906.6m | CN¥241.4m | CN¥11.12bn | CN¥6.59bn | −CN¥6.95bn | CN¥5.97bn | CN¥17.82bn | −CN¥10.37bn | −CN¥17.16bn |
| Capital spending | −CN¥422.1m | −CN¥1.1m | −CN¥54.9m | −CN¥470.2m | −CN¥786.6m | −CN¥1.26bn | −CN¥1.12bn | −CN¥1.19bn | −CN¥4.72bn | −CN¥405.4m |
| Free cash flow | −CN¥368.1m | −CN¥907.7m | CN¥186.5m | CN¥10.65bn | CN¥5.80bn | −CN¥8.21bn | CN¥4.85bn | CN¥16.63bn | −CN¥15.09bn | −CN¥17.57bn |
| Dividends paid | — | — | — | — | −CN¥695.2m | −CN¥1.11bn | −CN¥381.2m | −CN¥158.0m | −CN¥222.8m | −CN¥69.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥812.2m | CN¥4.99bn | CN¥2.12bn | CN¥13.35bn | CN¥12.17bn | CN¥26.53bn | CN¥13.33bn | CN¥15.81bn |
| Gross profit | CN¥59.5m | −CN¥5.28bn | CN¥564.6m | −CN¥2.21bn | CN¥2.50bn | CN¥1.42bn | −CN¥74.4m | −CN¥6.32bn |
| Operating income | −CN¥1.15bn | −CN¥9.57bn | −CN¥142.1m | −CN¥8.26bn | CN¥2.02bn | −CN¥1.99bn | −CN¥748.2m | −CN¥6.81bn |
| Net income | −CN¥1.57bn | −CN¥8.13bn | −CN¥1.83bn | −CN¥8.63bn | −CN¥1.65bn | −CN¥3.37bn | −CN¥1.99bn | −CN¥6.81bn |
| Diluted earnings per share | -0.93 | -4.83 | -1.09 | -5.13 | -0.98 | -2.00 | -1.18 | -4.04 |
| Cash from operations | — | −CN¥1.23bn | CN¥1.43bn | −CN¥2.29bn | CN¥1.39bn | −CN¥816.0m | CN¥1.10bn | −CN¥2.63bn |
| Capital spending | — | −CN¥277.0m | −CN¥165.0m | −CN¥256.0m | −CN¥257.0m | −CN¥14.0m | −CN¥48.0m | −CN¥8.0m |
| Free cash flow | — | −CN¥1.51bn | CN¥1.27bn | −CN¥2.55bn | CN¥1.13bn | −CN¥830.0m | CN¥1.05bn | −CN¥2.64bn |
| Total assets | CN¥78.02bn | CN¥81.21bn | CN¥96.17bn | CN¥85.36bn | CN¥114.30bn | CN¥126.27bn | CN¥176.29bn | CN¥162.20bn |
| Cash and short-term investments | CN¥2.36bn | CN¥2.69bn | CN¥1.82bn | CN¥1.28bn | CN¥2.27bn | CN¥3.28bn | CN¥5.34bn | CN¥5.14bn |
| Debt | CN¥33.32bn | CN¥37.76bn | CN¥38.25bn | CN¥33.03bn | CN¥33.92bn | CN¥35.01bn | CN¥42.19bn | CN¥36.36bn |
| Shareholders' equity | −CN¥23.27bn | −CN¥21.72bn | −CN¥13.58bn | −CN¥10.07bn | −CN¥1.44bn | CN¥213.0m | CN¥4.20bn | CN¥5.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.9% | -31.8% | -0.4% |
| Operating income | 0.9% | — | — |
| Net income | 1.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -13.6% | -8.6% | 0.4% | 10.0% |
| Operating margin | -47.5% | -28.2% | -12.4% | 0.1% |
| Net margin | -62.0% | -36.3% | -17.5% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.0 | -0.0 | -0.1 | 1.2 | 1.2 | 1.9 | 2.1 | 2.0 | 1.7 |
| Price to sales | 0.0 | 0.0 | — | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jun 2021.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.005 | 0.006 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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