T 
3.23
-0.62%
Close of 9 Nov 2026, in CNY
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¥449.2m
FY2016FY2025
Net income
−CN¥73.0m
FY2016FY2025
Free cash flow
CN¥777.4m
FY2016FY2025
Shareholders' equity
CN¥1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥449.2m | CN¥337.6m | CN¥461.5m | CN¥493.4m | CN¥911.5m | CN¥458.1m | CN¥677.6m | CN¥781.4m | CN¥512.0m | CN¥700.7m |
| Operating income | CN¥28.7m | CN¥87.2m | CN¥75.4m | CN¥18.7m | CN¥19.2m | CN¥121.0m | CN¥26.4m | CN¥6.1m | CN¥86.0m | −CN¥11.2m |
| Net income | −CN¥73.0m | CN¥9.6m | CN¥12.7m | CN¥10.2m | CN¥10.1m | CN¥33.0m | CN¥15.0m | CN¥14.7m | CN¥14.3m | −CN¥82.1m |
| Diluted earnings per share | -0.11 | 0.01 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | 0.02 | 0.02 | -0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.51bn | CN¥3.09bn | CN¥2.93bn | CN¥2.80bn | CN¥2.81bn | CN¥3.15bn | CN¥2.92bn | CN¥3.53bn | CN¥3.59bn | CN¥3.40bn |
| Cash and short-term investments | — | CN¥493.5m | CN¥289.5m | CN¥155.8m | CN¥305.8m | CN¥211.8m | CN¥83.8m | CN¥544.9m | CN¥459.0m | CN¥188.2m |
| Total liabilities | CN¥804.0m | CN¥1.31bn | CN¥1.16bn | CN¥1.04bn | CN¥1.06bn | CN¥1.40bn | CN¥1.21bn | CN¥1.84bn | CN¥1.90bn | CN¥1.73bn |
| Debt | CN¥36.2m | CN¥1.02bn | CN¥791.5m | CN¥688.0m | CN¥634.6m | CN¥694.0m | CN¥615.6m | CN¥1.02bn | CN¥1.11bn | CN¥1.31bn |
| Shareholders' equity | CN¥1.70bn | CN¥1.78bn | CN¥1.77bn | CN¥1.76bn | CN¥1.75bn | CN¥1.74bn | CN¥1.71bn | CN¥1.70bn | CN¥1.69bn | CN¥1.67bn |
| Shares outstanding | 671m | 653m | 652m | 652m | 642m | 646m | 642m | 682m | 647m | 647m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥778.3m | CN¥724.4m | CN¥454.7m | CN¥316.3m | CN¥40.9m | CN¥22.8m | CN¥86.7m | CN¥300.5m | CN¥41.4m | −CN¥69.0m |
| Capital spending | −CN¥911,899 | −CN¥30.8m | −CN¥5.1m | −CN¥156.7m | −CN¥109,013 | −CN¥691,535 | −CN¥257,955 | −CN¥914,900 | −CN¥100,509 | −CN¥12,728 |
| Free cash flow | CN¥777.4m | CN¥693.6m | CN¥449.6m | CN¥159.6m | CN¥40.7m | CN¥22.1m | CN¥86.4m | CN¥299.5m | CN¥41.3m | −CN¥69.1m |
| Dividends paid | −CN¥32.4m | −CN¥63.3m | −CN¥71.7m | −CN¥65.8m | −CN¥6.5m | −CN¥77.5m | −CN¥88.5m | −CN¥97.7m | −CN¥72.1m | −CN¥73.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.6m | CN¥9.4m | CN¥4.0m | CN¥426.7m | CN¥10.8m | CN¥7.8m | CN¥304.8m | CN¥6.0m |
| Operating income | −CN¥6.3m | −CN¥4.6m | −CN¥23.6m | CN¥46.9m | −CN¥16.3m | −CN¥12.9m | CN¥89.6m | −CN¥17.7m |
| Net income | −CN¥16.0m | −CN¥13.5m | −CN¥75.4m | CN¥32.5m | −CN¥16.4m | −CN¥13.7m | CN¥58.0m | −CN¥17.8m |
| Diluted earnings per share | -0.02 | -0.02 | -0.11 | 0.05 | -0.02 | -0.02 | 0.09 | -0.03 |
| Cash from operations | — | — | — | CN¥530.0m | CN¥98.0m | CN¥44.0m | — | −CN¥19.0m |
| Total assets | CN¥2.52bn | CN¥2.55bn | CN¥2.51bn | CN¥3.01bn | CN¥2.82bn | CN¥2.99bn | CN¥3.09bn | CN¥2.92bn |
| Cash and short-term investments | — | — | — | CN¥637.1m | CN¥229.7m | CN¥417.5m | CN¥493.5m | CN¥126.2m |
| Debt | CN¥224.1m | CN¥230.1m | CN¥36.2m | CN¥863.4m | CN¥731.8m | CN¥869.3m | CN¥884.1m | CN¥697.7m |
| Shareholders' equity | CN¥1.67bn | CN¥1.69bn | CN¥1.70bn | CN¥1.78bn | CN¥1.75bn | CN¥1.76bn | CN¥1.78bn | CN¥1.72bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -3.3% | 25.8% | 16.3% | 14.0% | 9.1% | 26.6% |
| Net margin | -16.2% | 2.8% | 2.8% | 2.1% | 1.1% | 7.2% |
| Return on equity | -4.3% | 0.5% | 0.7% | 0.6% | 0.6% | 1.9% |
| Return on assets | -2.9% | 0.3% | 0.4% | 0.4% | 0.4% | 1.0% |
| Free cash flow yield | 36.0% | 35.8% | 21.8% | 22.4% | 2.0% | 1.1% |
| Revenue growth | 33.1% | -26.8% | -6.5% | -45.9% | 99.0% | -32.4% |
| Earnings growth | -861.6% | -24.5% | 24.8% | 1.0% | -69.5% | 120.5% |
| Current ratio | 2.58x | 2.13x | 2.38x | 2.64x | 2.91x | 2.66x |
| Debt to equity | 0.02x | 0.55x | 0.39x | 0.32x | 0.24x | 0.52x |
| Equity ratio | 67.9% | 57.5% | 60.3% | 62.9% | 62.2% | 55.4% |
| Interest coverage | -0.33x | 1.51x | 1.29x | 1.31x | 1.22x | 1.57x |
| Buybacks as a share of market value | -2.8% | -0.2% | 0.1% | -1.6% | 0.6% | -0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.1% | -0.4% | -4.1% |
| Operating income | 15.5% | -25.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.7% | 12.1% | 11.3% | 6.8% |
| Net margin | -8.1% | -2.3% | 0.1% | -0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -37.3 | 186.7 | 177.2 | 213.1 | 193.2 | 59.3 | 172.4 | 208.8 | 272.8 | -58.6 |
| Price to sales | 6.1 | 5.3 | 4.9 | 4.4 | 2.1 | 4.3 | 3.8 | 3.9 | 7.6 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Jul 2024.
| FY2024 | FY2021 | FY2018 | FY2012 | FY2009 | FY2008 | FY2007 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.006 | 0.01 | 0.011 | 0.05 | 0.025 | 0.05 | 0.035 | 0.013 |
- 2-for-1 split · 11 May 2009
- 1-to-1 reverse split · 17 May 2006
- 9-for-5 split · 16 Jun 2004
- 13-for-10 split · 3 Jul 1998
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.