H 
4.96
-0.40%
Close of 9 Nov 2026, in CNY
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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¥236.2m
FY2016FY2025
Net income
−CN¥89.1m
FY2016FY2025
Free cash flow
−CN¥32.9m
FY2016FY2025
Shareholders' equity
CN¥401.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥236.2m | CN¥329.5m | CN¥454.0m | CN¥430.3m | CN¥485.5m | CN¥338.9m | CN¥447.3m | CN¥418.5m | CN¥443.7m | CN¥434.3m |
| Gross profit | CN¥82.5m | CN¥106.3m | CN¥165.6m | CN¥131.1m | CN¥153.9m | CN¥99.1m | CN¥137.5m | CN¥154.9m | CN¥154.5m | CN¥172.5m |
| Operating income | — | −CN¥70.7m | −CN¥7.4m | −CN¥140.4m | CN¥26.4m | CN¥151.2m | CN¥36.8m | CN¥19.5m | CN¥2.4m | CN¥23.0m |
| Net income | −CN¥89.1m | −CN¥68.1m | −CN¥59.5m | −CN¥138.6m | CN¥22.9m | CN¥131.0m | CN¥39.5m | CN¥8.6m | CN¥4.6m | CN¥4.7m |
| Diluted earnings per share | -0.26 | -0.22 | -0.13 | -0.38 | 0.07 | 0.33 | 0.11 | 0.02 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥748.4m | CN¥877.2m | CN¥1.05bn | CN¥1.39bn | CN¥1.29bn | CN¥1.33bn | CN¥1.06bn | CN¥1.33bn | CN¥1.19bn | CN¥1.19bn |
| Cash and short-term investments | — | CN¥202.6m | CN¥261.3m | CN¥335.8m | CN¥237.3m | CN¥288.7m | CN¥248.3m | CN¥187.2m | CN¥201.6m | CN¥140.7m |
| Total liabilities | CN¥320.9m | CN¥356.3m | CN¥458.8m | CN¥727.8m | CN¥501.5m | CN¥557.1m | CN¥418.0m | CN¥731.1m | CN¥599.1m | CN¥614.0m |
| Debt | CN¥9.0m | CN¥150.7m | CN¥180.2m | CN¥267.9m | CN¥273.8m | CN¥185.0m | CN¥223.9m | CN¥246.7m | CN¥317.2m | CN¥262.8m |
| Shareholders' equity | CN¥401.7m | CN¥492.2m | CN¥560.3m | CN¥629.3m | CN¥758.8m | CN¥735.0m | CN¥603.6m | CN¥564.8m | CN¥555.9m | CN¥532.2m |
| Shares outstanding | 342m | 313m | 453m | 364m | 337m | 394m | 355m | 388m | 392m | 359m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.3m | −CN¥36.7m | −CN¥46.5m | −CN¥1.6m | −CN¥110.0m | CN¥75.3m | CN¥43.2m | CN¥47.1m | −CN¥87.5m | CN¥115.1m |
| Capital spending | −CN¥34.2m | −CN¥42.2m | −CN¥42.2m | −CN¥47.5m | −CN¥12.2m | −CN¥21.2m | −CN¥26.5m | −CN¥21.6m | −CN¥50.6m | −CN¥10.9m |
| Free cash flow | −CN¥32.9m | −CN¥78.9m | −CN¥88.7m | −CN¥49.1m | −CN¥122.2m | CN¥54.0m | CN¥16.7m | CN¥25.5m | −CN¥138.1m | CN¥104.2m |
| Dividends paid | −CN¥6.3m | −CN¥8.1m | −CN¥13.2m | −CN¥13.7m | −CN¥10.4m | −CN¥12.1m | −CN¥12.9m | −CN¥15.1m | −CN¥16.9m | −CN¥19.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥63.0m | CN¥81.0m | CN¥64.0m | CN¥43.0m | CN¥54.9m | CN¥74.2m | CN¥72.1m | CN¥52.7m |
| Gross profit | CN¥25.1m | CN¥25.5m | CN¥23.2m | CN¥34.6m | CN¥1.2m | CN¥23.5m | CN¥24.4m | CN¥27.1m |
| Operating income | −CN¥5.1m | −CN¥5.7m | −CN¥8.9m | −CN¥14.3m | −CN¥15.7m | −CN¥7.4m | −CN¥14.4m | −CN¥19.3m |
| Net income | −CN¥16.2m | CN¥3.7m | −CN¥53.4m | −CN¥13.8m | −CN¥13.6m | −CN¥8.3m | −CN¥19.5m | −CN¥21.1m |
| Diluted earnings per share | -0.05 | 0.01 | -0.16 | -0.04 | -0.04 | -0.02 | -0.06 | -0.07 |
| Cash from operations | — | — | — | CN¥4.0m | −CN¥13.0m | CN¥12.0m | — | — |
| Capital spending | −CN¥4.0m | −CN¥3.0m | −CN¥8.0m | −CN¥13.0m | −CN¥2.0m | −CN¥9.0m | −CN¥14.0m | −CN¥3.0m |
| Free cash flow | — | — | — | −CN¥9.0m | −CN¥15.0m | CN¥3.0m | — | — |
| Total assets | CN¥715.0m | CN¥728.3m | CN¥748.4m | CN¥772.9m | CN¥786.0m | CN¥845.5m | CN¥877.2m | CN¥849.4m |
| Cash and short-term investments | — | — | — | CN¥167.4m | CN¥190.4m | CN¥199.3m | CN¥202.6m | CN¥194.2m |
| Debt | CN¥8.5m | CN¥9.0m | CN¥9.0m | CN¥153.4m | CN¥135.0m | CN¥150.0m | CN¥150.0m | CN¥157.5m |
| Shareholders' equity | CN¥389.2m | CN¥405.4m | CN¥401.7m | CN¥456.5m | CN¥470.3m | CN¥483.9m | CN¥492.2m | CN¥511.7m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.9% | 32.3% | 36.5% | 30.5% | 31.7% | 29.2% |
| Operating margin | -38.2% | -18.5% | -1.6% | -29.1% | 8.4% | 48.0% |
| Net margin | -37.7% | -20.7% | -13.1% | -32.2% | 4.7% | 38.7% |
| Return on equity | -22.2% | -13.8% | -10.6% | -22.0% | 3.0% | 17.8% |
| Return on assets | -11.9% | -7.8% | -5.7% | -10.0% | 1.8% | 9.9% |
| Free cash flow yield | 2.0% | 0.3% | -0.2% | 2.4% | -5.6% | 4.7% |
| Revenue growth | -28.3% | -27.4% | 5.5% | -11.4% | 43.3% | -24.2% |
| Earnings growth | 30.8% | 14.5% | -57.1% | -706.3% | -82.6% | 232.1% |
| Current ratio | 1.99x | 2.00x | 2.00x | 1.05x | 1.41x | 1.27x |
| Debt to equity | 0.02x | 0.30x | 0.32x | 0.34x | 0.26x | 0.25x |
| Equity ratio | 53.7% | 56.1% | 53.3% | 45.4% | 58.6% | 55.4% |
| Interest coverage | -14.13x | -6.35x | -0.51x | -8.40x | 2.79x | 12.90x |
| Buybacks as a share of market value | -9.1% | 30.8% | -24.3% | -8.1% | 14.5% | -11.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.1% | -7.0% | -6.7% |
| Net income | -13.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.4% | 33.5% | 32.5% | 34.3% |
| Net margin | -27.8% | -24.5% | -8.9% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -26.6 | -21.0 | -46.6 | -16.2 | 87.6 | 27.5 | 61.2 | 255.5 | — | — |
| Price to sales | 10.0 | 4.3 | 6.1 | 5.2 | 4.1 | 10.6 | 5.4 | 5.3 | 11.2 | 15.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2001.
| FY2001 | FY1999 | FY1998 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.111 | 0.011 |
- 1-to-1 reverse split · 16 Feb 2007
- 9-for-5 split · 13 May 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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