G 
0.64
-0.78%
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¥16.80bn
FY2016FY2025
Net income
−CN¥3.34bn
FY2016FY2025
Free cash flow
−CN¥6.09bn
FY2016FY2025
Shareholders' equity
CN¥46.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.80bn | CN¥15.10bn | CN¥39.25bn | CN¥41.85bn | CN¥19.65bn | CN¥17.03bn | CN¥22.42bn | CN¥23.95bn | CN¥27.72bn | CN¥25.65bn |
| Gross profit | CN¥1.56bn | −CN¥2.51bn | CN¥13.62bn | CN¥20.38bn | CN¥6.49bn | CN¥4.37bn | CN¥5.45bn | CN¥5.86bn | CN¥9.55bn | CN¥8.21bn |
| Research and development | CN¥1.02bn | CN¥1.14bn | CN¥2.22bn | CN¥1.96bn | CN¥1.21bn | CN¥616.2m | CN¥857.9m | CN¥607.4m | CN¥1.11bn | CN¥288.1m |
| Operating income | −CN¥2.82bn | −CN¥5.90bn | CN¥8.47bn | CN¥16.73bn | CN¥5.61bn | CN¥1.44bn | CN¥3.17bn | CN¥3.41bn | CN¥6.68bn | CN¥6.76bn |
| Net income | −CN¥3.34bn | −CN¥4.75bn | CN¥2.92bn | CN¥18.67bn | CN¥5.92bn | −CN¥6.60bn | CN¥129.1m | −CN¥807.7m | CN¥2.30bn | CN¥2.36bn |
| Diluted earnings per share | -0.11 | -0.18 | 0.11 | 0.70 | 0.24 | -0.26 | 0.01 | -0.04 | 0.12 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥88.43bn | CN¥87.21bn | CN¥96.41bn | CN¥99.67bn | CN¥74.66bn | CN¥94.30bn | CN¥116.99bn | CN¥131.03bn | CN¥124.96bn | CN¥101.36bn |
| Cash and short-term investments | CN¥17.44bn | CN¥8.15bn | CN¥9.92bn | CN¥8.03bn | CN¥8.30bn | CN¥2.93bn | CN¥2.36bn | CN¥5.21bn | CN¥12.95bn | CN¥10.70bn |
| Total liabilities | CN¥37.83bn | CN¥37.95bn | CN¥40.13bn | CN¥46.60bn | CN¥37.04bn | CN¥74.79bn | CN¥85.86bn | CN¥99.78bn | CN¥93.15bn | CN¥74.11bn |
| Debt | CN¥21.61bn | CN¥19.10bn | CN¥15.92bn | CN¥13.45bn | CN¥12.60bn | CN¥42.40bn | CN¥55.37bn | CN¥61.72bn | CN¥58.20bn | CN¥42.93bn |
| Shareholders' equity | CN¥46.46bn | CN¥43.30bn | CN¥49.61bn | CN¥49.72bn | CN¥33.81bn | CN¥19.50bn | CN¥25.92bn | CN¥25.47bn | CN¥26.53bn | CN¥24.25bn |
| Shares outstanding | 29,638m | 26,436m | 26,482m | 26,781m | 24,893m | 25,048m | 19,841m | 18,005m | 19,528m | 18,399m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥4.35bn | −CN¥3.30bn | −CN¥4.48bn | CN¥9.17bn | CN¥2.19bn | CN¥1.85bn | CN¥5.74bn | CN¥7.48bn | CN¥8.35bn | CN¥9.07bn |
| Capital spending | −CN¥1.74bn | −CN¥4.23bn | −CN¥14.24bn | −CN¥18.55bn | −CN¥6.96bn | −CN¥2.51bn | −CN¥6.67bn | −CN¥12.74bn | −CN¥22.23bn | −CN¥12.61bn |
| Free cash flow | −CN¥6.09bn | −CN¥7.53bn | −CN¥18.72bn | −CN¥9.39bn | −CN¥4.77bn | −CN¥662.7m | −CN¥921.2m | −CN¥5.26bn | −CN¥13.88bn | −CN¥3.54bn |
| Dividends paid | — | — | −CN¥1.68bn | — | — | — | — | −CN¥34.49bn | −CN¥36.71bn | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.64bn | CN¥10.12bn | CN¥6.68bn | CN¥6.23bn | CN¥3.63bn | CN¥8.86bn | CN¥5.16bn | CN¥12.75bn |
| Gross profit | −CN¥498.2m | CN¥2.37bn | −CN¥815.7m | −CN¥1.96bn | −CN¥1.14bn | −CN¥552.6m | −CN¥321.9m | CN¥2.91bn |
| Operating income | −CN¥1.89bn | CN¥90.4m | −CN¥2.38bn | −CN¥3.87bn | −CN¥2.21bn | −CN¥2.16bn | −CN¥1.22bn | CN¥686.8m |
| Net income | −CN¥2.39bn | −CN¥1.27bn | −CN¥2.07bn | −CN¥3.27bn | −CN¥1.90bn | −CN¥1.48bn | −CN¥861.7m | −CN¥3.01bn |
| Diluted earnings per share | -0.07 | -0.04 | -0.07 | -0.12 | -0.07 | -0.06 | -0.03 | -0.11 |
| Cash from operations | — | −CN¥912.0m | −CN¥3.88bn | CN¥495.0m | CN¥288.0m | −CN¥3.80bn | −CN¥2.21bn | −CN¥8.00bn |
| Capital spending | — | −CN¥760.0m | −CN¥1.10bn | −CN¥1.76bn | −CN¥1.03bn | −CN¥2.47bn | −CN¥1.44bn | −CN¥9.06bn |
| Free cash flow | — | −CN¥1.67bn | −CN¥4.98bn | −CN¥1.27bn | −CN¥738.0m | −CN¥6.27bn | −CN¥3.65bn | −CN¥17.06bn |
| Total assets | CN¥81.47bn | CN¥88.43bn | CN¥83.28bn | CN¥74.87bn | CN¥87.21bn | CN¥79.00bn | CN¥92.02bn | CN¥96.41bn |
| Cash and short-term investments | CN¥17.10bn | CN¥17.44bn | CN¥6.98bn | CN¥7.00bn | CN¥8.15bn | CN¥5.68bn | CN¥6.62bn | CN¥9.92bn |
| Debt | CN¥13.65bn | CN¥21.61bn | CN¥20.59bn | CN¥19.10bn | CN¥12.45bn | CN¥17.95bn | CN¥10.35bn | CN¥18.05bn |
| Shareholders' equity | CN¥42.59bn | CN¥46.46bn | CN¥42.68bn | CN¥37.18bn | CN¥43.30bn | CN¥41.14bn | CN¥47.92bn | CN¥49.61bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.2% | -0.3% | -4.0% |
| Net income | — | -12.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -3.0% | 29.2% | 29.3% | 29.0% |
| Operating margin | -27.3% | 14.6% | 15.7% | 17.9% |
| Net margin | -25.4% | 12.0% | 8.6% | 7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.3 | -5.2 | 9.8 | 2.5 | 10.3 | -4.0 | 38.9 | -9.1 | 10.2 | 6.2 |
| Price to sales | 1.6 | 1.6 | 0.7 | 1.1 | 3.1 | 1.6 | 0.2 | 0.3 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2023.
| FY2023 | FY2015 | FY2012 | FY2011 | FY2009 | |
|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.085 | 0.055 | 0.051 | 0.023 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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