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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¥9.26bn
FY2016FY2025
Net income
−CN¥17.76bn
FY2016FY2025
Free cash flow
−CN¥561.5m
FY2016FY2025
Shareholders' equity
−CN¥45.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.26bn | CN¥8.28bn | CN¥27.53bn | CN¥16.00bn | CN¥42.79bn | CN¥67.79bn | CN¥50.53bn | CN¥31.01bn | CN¥19.12bn | CN¥11.83bn |
| Gross profit | −CN¥7.16bn | −CN¥13.85bn | −CN¥1.45bn | CN¥719.3m | −CN¥10.21bn | CN¥16.08bn | CN¥15.02bn | CN¥9.63bn | CN¥5.11bn | CN¥3.28bn |
| Operating income | −CN¥8.12bn | −CN¥15.18bn | −CN¥7.53bn | −CN¥2.35bn | −CN¥15.73bn | CN¥10.22bn | CN¥10.45bn | CN¥6.47bn | CN¥3.39bn | CN¥2.20bn |
| Net income | −CN¥17.76bn | CN¥30.0m | −CN¥9.53bn | −CN¥6.71bn | −CN¥28.29bn | CN¥5.91bn | CN¥4.20bn | CN¥2.41bn | CN¥1.64bn | CN¥881.0m |
| Diluted earnings per share | -2.54 | 0.00 | -3.21 | -2.26 | -10.29 | 2.19 | 1.56 | 0.90 | 0.61 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥128.28bn | CN¥136.44bn | CN¥199.37bn | CN¥234.43bn | CN¥261.42bn | CN¥325.68bn | CN¥289.88bn | CN¥188.86bn | CN¥125.81bn | CN¥66.42bn |
| Cash and short-term investments | CN¥2.20bn | CN¥784.4m | CN¥1.89bn | CN¥5.18bn | CN¥9.31bn | CN¥53.29bn | CN¥58.62bn | CN¥36.54bn | CN¥24.97bn | CN¥10.47bn |
| Total liabilities | CN¥173.94bn | CN¥158.56bn | CN¥227.46bn | CN¥252.06bn | CN¥268.95bn | CN¥271.43bn | CN¥252.88bn | CN¥158.12bn | CN¥98.68bn | CN¥51.79bn |
| Debt | CN¥73.54bn | CN¥66.08bn | CN¥108.97bn | CN¥110.56bn | CN¥116.05bn | CN¥115.39bn | CN¥55.87bn | CN¥37.26bn | CN¥42.49bn | CN¥19.57bn |
| Shareholders' equity | −CN¥45.30bn | −CN¥23.79bn | −CN¥32.18bn | −CN¥22.72bn | −CN¥15.50bn | CN¥18.55bn | CN¥15.03bn | CN¥11.87bn | CN¥10.16bn | CN¥8.92bn |
| Shares outstanding | 6,992m | 6,444m | 2,966m | 2,966m | 2,750m | 2,703m | 2,690m | 2,690m | 2,679m | 2,686m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥560.6m | −CN¥118.1m | −CN¥613.9m | −CN¥1.39bn | −CN¥11.23bn | −CN¥15.66bn | −CN¥1.83bn | CN¥8.59bn | −CN¥6.76bn | CN¥5.94bn |
| Capital spending | −CN¥985,804 | −CN¥6.6m | −CN¥10.7m | −CN¥123.1m | −CN¥1.19bn | −CN¥303.0m | −CN¥1.29bn | −CN¥453.3m | −CN¥402.8m | −CN¥42.5m |
| Free cash flow | −CN¥561.5m | −CN¥124.7m | −CN¥624.6m | −CN¥1.51bn | −CN¥12.42bn | −CN¥15.96bn | −CN¥3.11bn | CN¥8.13bn | −CN¥7.17bn | CN¥5.90bn |
| Dividends paid | — | — | — | — | −CN¥1.78bn | −CN¥1.48bn | −CN¥990.8m | −CN¥670.4m | −CN¥400.7m | −CN¥245.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.71bn | CN¥4.79bn | CN¥4.47bn | CN¥4.23bn | CN¥4.05bn | CN¥14.19bn | CN¥10.94bn | CN¥9.97bn |
| Gross profit | −CN¥1.45bn | −CN¥4.32bn | −CN¥2.84bn | −CN¥13.67bn | −CN¥174.0m | −CN¥1.88bn | CN¥741.6m | CN¥684.1m |
| Operating income | −CN¥2.61bn | −CN¥4.77bn | −CN¥3.35bn | −CN¥14.30bn | −CN¥823.8m | −CN¥3.34bn | −CN¥635.5m | −CN¥1.02bn |
| Net income | −CN¥6.28bn | −CN¥8.95bn | −CN¥8.81bn | −CN¥19.06bn | CN¥19.09bn | −CN¥5.64bn | −CN¥2.94bn | −CN¥4.92bn |
| Diluted earnings per share | -1.13 | -1.28 | -1.26 | -2.96 | 2.96 | -1.90 | -0.99 | -1.66 |
| Cash from operations | −CN¥20.0m | −CN¥392.0m | −CN¥192.0m | −CN¥99.0m | −CN¥18.0m | −CN¥342.0m | −CN¥271.0m | CN¥3.87bn |
| Capital spending | — | −CN¥2.0m | −CN¥3.0m | −CN¥2.0m | −CN¥3.0m | −CN¥20.0m | −CN¥30.0m | −CN¥39.0m |
| Free cash flow | — | −CN¥394.0m | −CN¥195.0m | −CN¥101.0m | −CN¥21.0m | −CN¥362.0m | −CN¥301.0m | CN¥3.83bn |
| Total assets | CN¥118.10bn | CN¥128.28bn | CN¥145.00bn | CN¥136.44bn | CN¥161.35bn | CN¥199.37bn | CN¥221.82bn | CN¥234.43bn |
| Cash and short-term investments | CN¥1.89bn | CN¥2.20bn | CN¥358.3m | CN¥784.4m | CN¥1.39bn | CN¥1.89bn | CN¥3.41bn | CN¥5.18bn |
| Debt | CN¥73.48bn | CN¥73.50bn | CN¥74.84bn | CN¥66.08bn | CN¥66.51bn | CN¥109.08bn | CN¥111.50bn | CN¥110.68bn |
| Shareholders' equity | −CN¥55.60bn | −CN¥45.30bn | −CN¥36.42bn | −CN¥23.79bn | −CN¥4.80bn | −CN¥32.18bn | −CN¥25.59bn | −CN¥22.72bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.7% | -32.9% | -0.3% |
| Operating income | 51.2% | — | — |
| Net income | 38.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -119.9% | -35.6% | -9.2% | 6.7% |
| Operating margin | -132.9% | -54.3% | -22.5% | -4.9% |
| Net margin | -101.2% | -55.6% | -32.8% | -15.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | 40.6 | -0.0 | -0.1 | -0.0 | 0.5 | 1.2 | 0.8 | 1.0 | 0.8 |
| Price to sales | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.006 | 0.004 | 0.003 | 0.001 | 0.001 | 0.001 | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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