B 
6.80
-2.44%
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¥550.3m
FY2016FY2025
Net income
−CN¥101.9m
FY2016FY2025
Free cash flow
−CN¥39.8m
FY2016FY2025
Shareholders' equity
CN¥881.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥550.3m | CN¥481.8m | CN¥516.5m | CN¥652.9m | CN¥1.01bn | CN¥1.14bn | CN¥1.10bn | CN¥1.27bn | CN¥1.61bn | CN¥709.2m |
| Gross profit | CN¥87.9m | CN¥88.2m | CN¥57.8m | CN¥132.7m | CN¥125.2m | CN¥116.7m | CN¥136.5m | CN¥163.4m | CN¥227.5m | CN¥145.6m |
| Operating income | −CN¥34.9m | −CN¥119.6m | −CN¥123.2m | −CN¥35.1m | −CN¥49.3m | CN¥7.3m | −CN¥18.1m | CN¥35.5m | CN¥11.4m | CN¥18.8m |
| Net income | −CN¥101.9m | −CN¥96.2m | −CN¥100.0m | −CN¥31.9m | −CN¥25.2m | CN¥8.1m | −CN¥17.3m | CN¥15.3m | CN¥15.7m | CN¥28.1m |
| Diluted earnings per share | -0.33 | -0.33 | -0.35 | -0.10 | -0.09 | 0.03 | -0.06 | 0.05 | 0.05 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.69bn | CN¥2.40bn | CN¥2.44bn | CN¥2.56bn | CN¥2.91bn | CN¥3.18bn | CN¥2.81bn | CN¥2.91bn | CN¥2.91bn | CN¥2.92bn |
| Cash and short-term investments | — | CN¥47.4m | CN¥119.2m | CN¥155.0m | CN¥222.3m | CN¥344.9m | CN¥257.0m | CN¥284.3m | CN¥349.9m | CN¥276.4m |
| Total liabilities | CN¥1.83bn | CN¥1.39bn | CN¥1.32bn | CN¥1.37bn | CN¥1.67bn | CN¥1.89bn | CN¥1.51bn | CN¥1.45bn | CN¥1.44bn | CN¥1.44bn |
| Debt | CN¥53.6m | CN¥398.0m | CN¥543.3m | CN¥743.9m | CN¥835.7m | CN¥836.5m | CN¥640.1m | CN¥718.0m | CN¥615.0m | CN¥866.6m |
| Shareholders' equity | CN¥881.2m | CN¥991.6m | CN¥1.09bn | CN¥1.19bn | CN¥1.22bn | CN¥1.25bn | CN¥1.26bn | CN¥1.41bn | CN¥1.40bn | CN¥1.40bn |
| Shares outstanding | 309m | 294m | 285m | 333m | 288m | 252m | 299m | 298m | 300m | 301m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥35.5m | CN¥3.7m | −CN¥95.1m | −CN¥139.7m | −CN¥170.2m | CN¥67.4m | CN¥89.8m | −CN¥296.4m | CN¥696.2m | CN¥147.0m |
| Capital spending | −CN¥4.3m | −CN¥1.8m | −CN¥4.2m | −CN¥5.7m | −CN¥31.7m | −CN¥28.0m | −CN¥28.1m | −CN¥6.8m | −CN¥8.2m | −CN¥4.5m |
| Free cash flow | −CN¥39.8m | CN¥1.8m | −CN¥99.3m | −CN¥145.4m | −CN¥201.9m | CN¥39.4m | CN¥61.7m | −CN¥303.2m | CN¥688.0m | CN¥142.6m |
| Dividends paid | −CN¥26.3m | −CN¥33.1m | −CN¥40.1m | −CN¥42.6m | −CN¥3.0m | −CN¥42.6m | −CN¥4.8m | −CN¥52.1m | −CN¥47.3m | −CN¥81.1m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥119.1m | CN¥112.1m | CN¥260.5m | CN¥206.0m | CN¥84.7m | CN¥106.8m | CN¥152.8m | CN¥247.3m |
| Gross profit | CN¥17.4m | CN¥11.0m | CN¥51.2m | CN¥20.5m | CN¥10.6m | CN¥6.1m | CN¥50.7m | CN¥22.9m |
| Operating income | −CN¥9.5m | −CN¥16.5m | CN¥26.7m | −CN¥19.0m | −CN¥11.3m | −CN¥73.1m | CN¥4.1m | −CN¥43.6m |
| Net income | −CN¥16.3m | −CN¥39.8m | CN¥6.5m | −CN¥38.3m | −CN¥11.3m | −CN¥56.1m | CN¥3.8m | −CN¥35.8m |
| Diluted earnings per share | -0.05 | -0.13 | 0.02 | -0.12 | -0.04 | -0.18 | 0.01 | -0.12 |
| Cash from operations | — | — | — | — | CN¥38.0m | −CN¥13.0m | −CN¥77.0m | — |
| Capital spending | −CN¥1.0m | — | — | — | −CN¥1.0m | −CN¥1.0m | — | — |
| Free cash flow | — | — | — | — | CN¥37.0m | −CN¥14.0m | — | — |
| Total assets | CN¥2.66bn | CN¥2.74bn | CN¥2.72bn | CN¥2.69bn | CN¥2.57bn | CN¥2.63bn | CN¥2.76bn | CN¥2.40bn |
| Cash and short-term investments | — | — | — | — | CN¥33.4m | CN¥54.6m | CN¥151.4m | CN¥47.4m |
| Debt | CN¥33.6m | CN¥36.6m | CN¥36.6m | CN¥53.6m | CN¥488.5m | CN¥554.5m | CN¥628.9m | CN¥398.0m |
| Shareholders' equity | CN¥831.5m | CN¥847.8m | CN¥887.6m | CN¥881.2m | CN¥919.4m | CN¥930.8m | CN¥986.9m | CN¥991.6m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 18.3% | 11.2% | 20.3% | 12.4% | 10.3% |
| Operating margin | -13.2% | -16.6% | -16.2% | 1.2% | -0.7% | 3.9% |
| Net margin | -18.5% | -20.0% | -19.4% | -4.9% | -2.5% | 0.7% |
| Return on equity | -11.6% | -9.7% | -9.2% | -2.7% | -2.1% | 0.6% |
| Return on assets | -3.8% | -4.0% | -4.1% | -1.2% | -0.9% | 0.3% |
| Free cash flow yield | -1.4% | 0.3% | -4.4% | -5.5% | -6.6% | 5.2% |
| Revenue growth | 14.2% | -6.7% | -20.9% | -35.6% | -11.0% | 4.0% |
| Earnings growth | 5.9% | -3.8% | 213.3% | 26.7% | -411.6% | -146.8% |
| Current ratio | 1.01x | 1.27x | 1.35x | 1.25x | 1.14x | 1.21x |
| Debt to equity | 0.06x | 0.40x | 0.65x | 0.60x | 0.68x | 0.64x |
| Equity ratio | 32.7% | 41.4% | 44.5% | 46.4% | 41.9% | 39.2% |
| Interest coverage | -1.71x | -2.04x | -2.04x | 0.18x | -0.19x | 1.15x |
| Buybacks as a share of market value | -5.4% | -3.1% | 14.6% | -15.7% | -14.3% | 15.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | -13.5% | -1.5% |
| Operating income | -0.1% | — | — |
| Net income | 47.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 16.7% | 14.0% | 15.1% |
| Operating margin | -15.0% | -14.2% | -8.1% | -2.8% |
| Net margin | -19.2% | -15.0% | -8.0% | -2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.4 | -30.3 | -28.1 | -92.0 | -92.7 | 194.5 | -126.3 | 139.6 | 212.8 | 159.8 |
| Price to sales | 6.4 | 6.0 | 5.4 | 4.5 | 2.3 | 1.4 | 2.0 | 1.7 | 2.1 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2021.
| FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.016 | 0.016 | 0.04 | 0.05 | 0.10 | 0.10 | 0.10 |
- 9-for-5 split · 12 May 2008
- 1-to-1 reverse split · 6 Feb 2006
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.