A 
0.12
-1.68%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥32.50bn
FY2016FY2025
Net income
−CN¥25.09bn
FY2016FY2025
Free cash flow
−CN¥2.16bn
FY2016FY2025
Shareholders' equity
−CN¥14.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥32.50bn | CN¥50.56bn | CN¥50.52bn | CN¥63.03bn | CN¥85.18bn | CN¥93.60bn | CN¥70.27bn | CN¥65.49bn | CN¥60.20bn | CN¥54.45bn |
| Gross profit | CN¥723.3m | −CN¥608.0m | −CN¥611.7m | CN¥1.17bn | CN¥22.19bn | CN¥28.11bn | CN¥21.41bn | CN¥28.78bn | CN¥24.13bn | CN¥14.42bn |
| Operating income | −CN¥2.39bn | −CN¥5.07bn | −CN¥5.67bn | −CN¥5.42bn | CN¥20.43bn | CN¥19.52bn | CN¥14.39bn | CN¥22.42bn | CN¥19.02bn | CN¥10.20bn |
| Net income | −CN¥25.09bn | −CN¥18.86bn | −CN¥14.88bn | −CN¥16.31bn | CN¥8.98bn | CN¥12.32bn | CN¥9.75bn | CN¥9.10bn | CN¥7.58bn | CN¥3.15bn |
| Diluted earnings per share | -4.97 | -3.74 | -3.00 | -4.13 | 2.31 | 4.52 | 2.49 | 2.34 | 1.95 | 0.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥200.09bn | CN¥228.04bn | CN¥282.06bn | CN¥318.89bn | CN¥369.26bn | CN¥366.00bn | CN¥318.72bn | CN¥268.81bn | CN¥190.55bn | CN¥153.65bn |
| Cash and short-term investments | CN¥7.48bn | CN¥7.76bn | CN¥13.34bn | CN¥13.19bn | CN¥29.88bn | CN¥50.36bn | CN¥40.31bn | CN¥45.50bn | CN¥23.62bn | CN¥14.50bn |
| Total liabilities | CN¥198.25bn | CN¥181.06bn | CN¥209.33bn | CN¥230.56bn | CN¥264.94bn | CN¥276.22bn | CN¥242.50bn | CN¥204.67bn | CN¥139.02bn | CN¥102.15bn |
| Debt | CN¥54.69bn | CN¥50.11bn | CN¥531.14bn | CN¥61.37bn | CN¥84.44bn | CN¥98.45bn | CN¥97.24bn | CN¥88.53bn | CN¥61.68bn | CN¥44.00bn |
| Shareholders' equity | −CN¥14.79bn | CN¥29.93bn | CN¥48.65bn | CN¥62.61bn | CN¥78.45bn | CN¥75.18bn | CN¥67.70bn | CN¥57.83bn | CN¥48.83bn | CN¥47.72bn |
| Shares outstanding | 5,046m | 5,046m | 4,963m | 3,947m | 3,883m | 2,727m | 3,917m | 3,883m | 3,883m | 3,883m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥1.61bn | CN¥1.59bn | CN¥12.43bn | CN¥14.48bn | CN¥1.08bn | CN¥3.86bn | −CN¥16.97bn | CN¥3.07bn | CN¥3.44bn | CN¥8.03bn |
| Capital spending | −CN¥555.4m | −CN¥1.86bn | −CN¥1.67bn | −CN¥3.46bn | −CN¥2.27bn | −CN¥4.21bn | −CN¥2.47bn | −CN¥1.30bn | −CN¥578.6m | −CN¥1.01bn |
| Free cash flow | −CN¥2.16bn | −CN¥267.8m | CN¥10.76bn | CN¥11.02bn | −CN¥1.18bn | −CN¥352.2m | −CN¥19.44bn | CN¥1.76bn | CN¥2.87bn | CN¥7.02bn |
| Dividends paid | — | — | — | −CN¥916.8m | −CN¥4.15bn | −CN¥4.84bn | −CN¥4.40bn | −CN¥4.57bn | −CN¥2.66bn | −CN¥1.49bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥12.52bn | CN¥16.66bn | CN¥15.83bn | CN¥25.91bn | CN¥24.66bn | CN¥27.19bn | CN¥23.33bn | CN¥26.12bn |
| Gross profit | −CN¥2.83bn | CN¥1.19bn | −CN¥1.07bn | CN¥1.57bn | −CN¥2.18bn | −CN¥2.95bn | CN¥2.34bn | −CN¥7.46bn |
| Operating income | −CN¥4.05bn | CN¥5.69bn | −CN¥5.69bn | −CN¥7.41bn | −CN¥5.66bn | CN¥1.83bn | −CN¥1.85bn | −CN¥10.76bn |
| Net income | −CN¥6.98bn | −CN¥16.35bn | −CN¥8.75bn | −CN¥8.18bn | −CN¥10.67bn | −CN¥10.26bn | −CN¥5.22bn | −CN¥20.28bn |
| Diluted earnings per share | -1.38 | -3.24 | -1.73 | -1.62 | -2.11 | -2.07 | -1.05 | -5.14 |
| Cash from operations | — | −CN¥206.0m | −CN¥1.58bn | CN¥3.24bn | −CN¥1.65bn | CN¥6.01bn | CN¥6.42bn | CN¥9.45bn |
| Capital spending | — | −CN¥399.0m | −CN¥179.0m | −CN¥1.64bn | −CN¥225.0m | −CN¥947.0m | −CN¥726.0m | −CN¥2.40bn |
| Free cash flow | — | −CN¥605.0m | −CN¥1.75bn | CN¥1.61bn | −CN¥1.87bn | CN¥5.06bn | CN¥5.70bn | CN¥7.05bn |
| Total assets | CN¥190.68bn | CN¥200.09bn | CN¥212.75bn | CN¥228.04bn | CN¥255.95bn | CN¥282.06bn | CN¥306.53bn | CN¥318.89bn |
| Cash and short-term investments | CN¥6.26bn | CN¥7.48bn | CN¥5.31bn | CN¥7.76bn | CN¥7.72bn | CN¥13.34bn | CN¥12.12bn | CN¥13.19bn |
| Debt | CN¥48.99bn | CN¥54.69bn | CN¥56.09bn | CN¥57.65bn | CN¥60.94bn | CN¥63.42bn | CN¥68.32bn | CN¥71.43bn |
| Shareholders' equity | −CN¥25.01bn | −CN¥14.79bn | CN¥20.76bn | CN¥29.93bn | CN¥38.01bn | CN¥48.65bn | CN¥58.47bn | CN¥62.61bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.2% | -1.2% | -1.2% | 1.9% | 26.0% | 30.0% |
| Operating margin | -10.1% | -10.0% | -12.2% | -8.9% | 16.1% | 20.9% |
| Net margin | -77.2% | -37.3% | -29.5% | -25.9% | 10.5% | 13.2% |
| Return on equity | 169.7% | -63.0% | -30.6% | -26.1% | 11.4% | 16.4% |
| Return on assets | -12.5% | -8.3% | -5.3% | -5.1% | 2.4% | 3.4% |
| Free cash flow yield | -143.0% | 469.5% | 1949.0% | 3117.1% | 591.9% | 2029.0% |
| Revenue growth | -35.7% | 0.1% | -19.8% | -26.0% | -9.0% | 33.2% |
| Earnings growth | 33.1% | 26.7% | -8.8% | -281.7% | -27.1% | 26.3% |
| Current ratio | 1.43x | 0.91x | 1.05x | 1.18x | 1.33x | 1.31x |
| Debt to equity | -3.70x | 1.91x | 1.30x | 1.11x | 1.34x | 1.52x |
| Equity ratio | -7.4% | 13.1% | 17.2% | 19.6% | 21.2% | 20.5% |
| Interest coverage | -2.71x | -22.97x | -11.78x | -12.28x | 5.10x | 8.06x |
| Buybacks as a share of market value | 0.0% | -1.7% | -25.7% | -1.7% | -42.4% | 30.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.8% | -19.1% | -4.2% |
| Operating income | -23.9% | — | — |
| Net income | 15.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.1% | 0.3% | 13.6% | 22.5% |
| Operating margin | -9.0% | -9.4% | 5.7% | 14.2% |
| Net margin | -52.9% | -38.2% | -14.3% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.1 | -0.3 | 0.9 | 1.1 | 2.4 | 2.0 | 3.1 | 2.5 |
| Price to sales | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.4 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Sept 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.009 | 0.011 | 0.012 | 0.004 | 0.001 | 0.003 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.