Y 
17.63
+1.67%
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¥194.7m
FY2016FY2025
Net income
−CN¥245.6m
FY2016FY2025
Free cash flow
−CN¥208.1m
FY2016FY2025
Shareholders' equity
CN¥212.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥194.7m | CN¥447.0m | CN¥589.7m | CN¥113.2m | CN¥137.0m | CN¥50.7m | CN¥203.2m | CN¥118.9m | CN¥66.0m | CN¥70.7m |
| Research and development | — | — | — | — | — | — | CN¥352,465 | — | — | — |
| Operating income | −CN¥67.7m | −CN¥75.0m | CN¥28.1m | −CN¥19.3m | −CN¥19.2m | −CN¥7.5m | CN¥14.8m | CN¥14.2m | −CN¥35.2m | CN¥56.2m |
| Net income | −CN¥245.6m | −CN¥72.9m | CN¥6.3m | −CN¥22.3m | −CN¥28.2m | −CN¥18.4m | CN¥3.4m | CN¥6.1m | −CN¥31.0m | CN¥33.7m |
| Diluted earnings per share | -1.89 | -0.56 | 0.06 | -0.17 | -0.23 | -0.14 | 0.05 | 0.05 | -0.27 | 0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥457.0m | CN¥923.0m | CN¥979.3m | CN¥465.2m | CN¥312.0m | CN¥295.7m | CN¥349.1m | CN¥369.5m | CN¥322.5m | CN¥329.4m |
| Cash and short-term investments | — | CN¥125.4m | CN¥58.6m | CN¥27.2m | CN¥23.3m | CN¥67.9m | CN¥61.2m | CN¥55.5m | CN¥7.2m | CN¥10.6m |
| Total liabilities | CN¥136.4m | CN¥678.2m | CN¥621.1m | CN¥312.0m | CN¥139.3m | CN¥275.2m | CN¥313.2m | CN¥337.0m | CN¥296.7m | CN¥312.0m |
| Debt | — | CN¥186.5m | CN¥178.4m | CN¥4.9m | CN¥2.2m | CN¥220.0m | CN¥50.0m | CN¥30.0m | CN¥189.6m | CN¥227.0m |
| Shareholders' equity | CN¥212.6m | CN¥95.1m | CN¥164.6m | CN¥153.2m | CN¥177.6m | CN¥24.2m | CN¥39.2m | CN¥35.8m | CN¥28.7m | CN¥20.3m |
| Shares outstanding | 130m | 131m | 110m | 133m | 125m | 135m | 68m | 123m | 114m | 133m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥26.1m | CN¥3.0m | CN¥92.1m | −CN¥45.4m | −CN¥49.4m | CN¥31.6m | −CN¥19.2m | CN¥9.9m | −CN¥38.2m | −CN¥32.0m |
| Capital spending | −CN¥182.0m | −CN¥12.2m | −CN¥35.8m | −CN¥4.8m | −CN¥4.0m | −CN¥10,724 | −CN¥691,870 | −CN¥1.8m | −CN¥969,867 | −CN¥1.3m |
| Free cash flow | −CN¥208.1m | −CN¥9.1m | CN¥56.4m | −CN¥50.2m | −CN¥53.4m | CN¥31.5m | −CN¥19.9m | CN¥8.2m | −CN¥39.1m | −CN¥33.3m |
| Dividends paid | −CN¥17.4m | −CN¥8.6m | −CN¥8.3m | — | — | −CN¥2.9m | −CN¥2.9m | −CN¥146,135 | −CN¥146,134 | −CN¥41.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥25.9m | CN¥30.0m | CN¥54.7m | CN¥16.7m | CN¥60.7m | CN¥62.6m | CN¥107.5m | CN¥115.2m |
| Operating income | CN¥3.8m | CN¥3.6m | −CN¥8.5m | −CN¥96.3m | −CN¥190.5m | −CN¥27.8m | −CN¥72.8m | CN¥1.3m |
| Net income | CN¥839,182 | −CN¥1.0m | −CN¥32.7m | −CN¥88.9m | −CN¥107.8m | −CN¥16.2m | −CN¥61.1m | −CN¥3.6m |
| Diluted earnings per share | 0.01 | -0.01 | -0.25 | -0.69 | -0.83 | -0.13 | -0.47 | -0.03 |
| Cash from operations | — | — | — | −CN¥24.0m | CN¥5.0m | −CN¥13.0m | — | CN¥2.0m |
| Capital spending | — | −CN¥3.0m | −CN¥179.0m | — | −CN¥1.0m | — | −CN¥2.0m | −CN¥1.0m |
| Free cash flow | — | — | — | — | CN¥4.0m | — | — | CN¥1.0m |
| Total assets | CN¥458.0m | CN¥448.2m | CN¥457.0m | CN¥650.3m | CN¥757.5m | CN¥887.9m | CN¥923.0m | CN¥958.3m |
| Cash and short-term investments | — | — | — | CN¥36.4m | CN¥77.0m | CN¥99.3m | CN¥125.4m | CN¥22.4m |
| Debt | — | — | — | CN¥197.5m | CN¥35.0m | CN¥35.0m | CN¥183.3m | CN¥173.3m |
| Shareholders' equity | CN¥330.1m | CN¥211.7m | CN¥212.6m | CN¥8.7m | CN¥97.3m | CN¥79.5m | CN¥95.1m | CN¥155.4m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -198.5% | -16.8% | 8.2% | -16.3% | -14.0% | -14.3% | — |
| Net margin | -126.1% | -16.3% | 1.1% | -19.7% | -20.6% | -36.3% | — |
| Return on equity | -115.5% | -76.6% | 3.8% | -14.5% | -15.9% | -76.0% | — |
| Return on assets | -53.7% | -7.9% | 0.6% | -4.8% | -9.0% | -6.2% | — |
| Free cash flow yield | 5.8% | 0.6% | 5.6% | -1.5% | -1.8% | 1.1% | — |
| Revenue growth | -56.4% | -24.2% | 421.0% | -17.4% | 170.4% | -75.1% | — |
| Earnings growth | 237.0% | -1252.6% | -128.4% | -21.0% | 53.3% | -636.6% | — |
| Current ratio | 2.80x | 2.55x | 3.09x | 2.05x | 2.08x | 0.92x | — |
| Debt to equity | — | 1.93x | 1.05x | 0.01x | 0.01x | 9.09x | 6.62x |
| Equity ratio | 46.5% | 10.3% | 16.8% | 32.9% | 56.9% | 8.2% | — |
| Interest coverage | -22.44x | -3.66x | 2.29x | -5.01x | -2.12x | -0.63x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.2% |
| Buybacks as a share of market value | 0.9% | -19.4% | 17.7% | -6.6% | 7.2% | -98.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.8% | 30.9% | 8.3% |
| Operating income | 52.0% | 55.2% | -0.4% |
| Net income | 122.6% | 67.9% | 10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -22.2% | -10.0% | -10.5% | -8.7% |
| Net margin | -49.6% | -24.9% | -24.9% | -22.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.6 | -31.4 | 314.7 | -91.0 | -94.8 | -140.0 | 478.8 | — | -79.0 | 120.7 |
| Price to sales | 13.4 | 5.1 | 3.4 | 17.9 | 19.5 | 50.8 | 8.1 | 27.8 | 37.1 | 57.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Aug 2009.
| FY2009 | FY2001 | |
|---|---|---|
| Paid in the year | 0.16 | 0.097 |
- 1.236-for-1 split · 21 Sept 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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