O 
0.18
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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¥402.8m
FY2016FY2025
Net income
−CN¥1.65bn
FY2016FY2025
Free cash flow
CN¥575.0m
FY2016FY2025
Shareholders' equity
−CN¥1.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥402.8m | CN¥828.0m | CN¥1.26bn | CN¥2.63bn | CN¥1.47bn | CN¥1.31bn | CN¥2.07bn | CN¥1.58bn | CN¥4.90bn | CN¥5.36bn |
| Operating income | −CN¥1.83bn | CN¥533.8m | −CN¥264.8m | −CN¥30.3m | CN¥115.3m | CN¥259.8m | CN¥434.3m | CN¥592.3m | CN¥2.19bn | CN¥1.23bn |
| Net income | −CN¥1.65bn | −CN¥148.3m | −CN¥464.5m | −CN¥1.64bn | −CN¥883.3m | CN¥63.8m | CN¥267.0m | CN¥798.7m | CN¥1.11bn | CN¥385.5m |
| Diluted earnings per share | -2.21 | -0.20 | -0.62 | -2.19 | -1.18 | 0.09 | 0.36 | 0.99 | 1.48 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.48bn | CN¥9.93bn | CN¥22.93bn | CN¥22.78bn | CN¥26.34bn | CN¥25.42bn | CN¥26.46bn | CN¥25.08bn | CN¥23.75bn | CN¥20.54bn |
| Cash and short-term investments | CN¥130.1m | CN¥83.0m | CN¥2.46bn | CN¥1.93bn | CN¥3.35bn | CN¥4.27bn | CN¥2.04bn | CN¥3.22bn | CN¥6.93bn | CN¥3.22bn |
| Total liabilities | CN¥10.77bn | CN¥8.91bn | CN¥19.59bn | CN¥12.90bn | CN¥13.94bn | CN¥12.20bn | CN¥13.54bn | CN¥12.17bn | CN¥10.43bn | CN¥13.77bn |
| Debt | CN¥7.61bn | CN¥7.03bn | CN¥11.81bn | CN¥6.87bn | CN¥8.11bn | CN¥8.84bn | CN¥6.25bn | CN¥8.43bn | CN¥6.40bn | CN¥8.87bn |
| Shareholders' equity | −CN¥1.96bn | −CN¥451.7m | −CN¥220.2m | CN¥6.19bn | CN¥8.62bn | CN¥9.43bn | CN¥9.35bn | CN¥9.47bn | CN¥9.67bn | CN¥3.03bn |
| Shares outstanding | 748m | 748m | 748m | 748m | 748m | 748m | 748m | 809m | 748m | 748m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥575.0m | −CN¥852.9m | −CN¥834.0m | −CN¥1.04bn | −CN¥2.18bn | −CN¥1.86bn | −CN¥868.1m | −CN¥886.4m | CN¥1.72bn | CN¥4.05bn |
| Capital spending | — | −CN¥3.9m | −CN¥97.7m | −CN¥201.9m | −CN¥58.5m | −CN¥218.2m | −CN¥477.4m | −CN¥286.8m | −CN¥580.8m | −CN¥1.43bn |
| Free cash flow | CN¥575.0m | −CN¥856.8m | −CN¥931.7m | −CN¥1.24bn | −CN¥2.24bn | −CN¥2.07bn | −CN¥1.35bn | −CN¥1.17bn | CN¥1.14bn | CN¥2.62bn |
| Dividends paid | — | — | −CN¥251.1m | −CN¥236.6m | −CN¥232.7m | −CN¥8.6m | −CN¥144.8m | −CN¥318.4m | −CN¥7.6m | −CN¥93.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥37.3m | CN¥142.1m | CN¥260.7m | CN¥315.3m | CN¥512.7m | CN¥915.9m | CN¥534.6m | CN¥193.6m |
| Operating income | −CN¥4.8m | −CN¥1.85bn | −CN¥25.8m | CN¥297.8m | CN¥236.0m | −CN¥75.1m | −CN¥64.0m | −CN¥37.3m |
| Net income | −CN¥103.2m | −CN¥1.46bn | −CN¥191.3m | CN¥41.2m | −CN¥189.5m | −CN¥216.2m | −CN¥126.2m | −CN¥340.9m |
| Diluted earnings per share | -0.14 | -1.95 | -0.26 | 0.06 | -0.25 | -0.29 | -0.17 | -0.46 |
| Cash from operations | CN¥245.0m | CN¥336.0m | CN¥250.0m | −CN¥268.0m | −CN¥584.0m | CN¥152.0m | CN¥76.0m | −CN¥986.0m |
| Capital spending | — | — | — | −CN¥3.0m | — | −CN¥94.0m | −CN¥47.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥271.0m | — | CN¥58.0m | CN¥29.0m | −CN¥989.0m |
| Total assets | CN¥9.70bn | CN¥9.48bn | CN¥11.53bn | CN¥9.93bn | CN¥17.02bn | CN¥22.93bn | CN¥22.93bn | CN¥24.09bn |
| Cash and short-term investments | CN¥1.44bn | CN¥130.1m | CN¥152.2m | CN¥83.0m | CN¥1.26bn | CN¥2.46bn | CN¥2.47bn | CN¥1.98bn |
| Debt | CN¥756.6m | CN¥7.61bn | CN¥8.15bn | CN¥7.03bn | CN¥9.89bn | CN¥11.81bn | CN¥4.25bn | CN¥11.73bn |
| Shareholders' equity | −CN¥1.85bn | −CN¥1.96bn | −CN¥624.2m | −CN¥451.7m | −CN¥426.1m | −CN¥220.2m | −CN¥220.2m | CN¥2.10bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -46.5% | -21.0% | -24.2% |
| Operating income | 292.4% | — | — |
| Net income | 0.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -105.3% | -31.0% | -15.4% | 16.4% |
| Net margin | -146.2% | -76.1% | -59.7% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -1.0 | -0.4 | -0.4 | -0.9 | 16.4 | 6.5 | 2.0 | 1.9 | 5.0 |
| Price to sales | 0.5 | 0.2 | 0.1 | 0.2 | 0.6 | 0.8 | 0.8 | 1.0 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.002 | 0.005 | 0.002 | 0.001 | 0.002 | 0.001 | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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