M 
7.48
-0.93%
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¥1.42bn
FY2015FY2024
Net income
−CN¥1.05bn
FY2015FY2024
Free cash flow
−CN¥6.21bn
FY2015FY2024
Shareholders' equity
CN¥6.42bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.42bn | CN¥10.64bn | CN¥5.55bn | CN¥6.77bn | CN¥8.86bn | CN¥4.33bn | CN¥7.97bn | CN¥6.22bn | CN¥5.92bn | CN¥8.44bn |
| Gross profit | CN¥51.2m | CN¥808.3m | CN¥1.09bn | CN¥1.44bn | CN¥2.50bn | CN¥1.37bn | CN¥2.59bn | CN¥2.22bn | CN¥1.91bn | CN¥2.18bn |
| Operating income | −CN¥1.29bn | −CN¥885.4m | CN¥595.6m | CN¥673.6m | CN¥1.98bn | CN¥676.3m | CN¥1.67bn | CN¥1.72bn | CN¥1.27bn | CN¥977.1m |
| Net income | −CN¥1.05bn | −CN¥659.2m | CN¥202.3m | CN¥328.6m | CN¥496.9m | CN¥76.8m | CN¥357.9m | CN¥321.7m | CN¥290.5m | CN¥115.4m |
| Diluted earnings per share | -1.42 | -0.89 | 0.27 | 0.32 | 0.45 | 0.10 | 0.48 | 0.43 | 0.39 | 0.17 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥60.27bn | CN¥59.55bn | CN¥54.81bn | CN¥46.80bn | CN¥49.81bn | CN¥46.19bn | CN¥31.87bn | CN¥27.86bn | CN¥28.78bn | CN¥27.58bn |
| Cash and short-term investments | CN¥4.03bn | CN¥10.09bn | CN¥4.01bn | CN¥5.23bn | CN¥5.19bn | CN¥2.20bn | CN¥3.92bn | CN¥1.54bn | CN¥3.44bn | CN¥2.15bn |
| Total liabilities | CN¥52.92bn | CN¥50.09bn | CN¥43.94bn | CN¥35.64bn | CN¥41.40bn | CN¥42.06bn | CN¥27.25bn | CN¥23.61bn | CN¥25.31bn | CN¥24.77bn |
| Debt | CN¥35.28bn | CN¥32.95bn | CN¥25.26bn | CN¥16.89bn | CN¥26.27bn | CN¥31.47bn | CN¥20.81bn | CN¥16.37bn | CN¥14.95bn | CN¥16.93bn |
| Shareholders' equity | CN¥6.42bn | CN¥7.84bn | CN¥8.88bn | CN¥9.14bn | CN¥6.39bn | CN¥2.69bn | CN¥2.65bn | CN¥2.35bn | CN¥2.18bn | CN¥1.98bn |
| Shares outstanding | 741m | 741m | 741m | 1,029m | 1,102m | 742m | 746m | 740m | 743m | 681m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥6.21bn | −CN¥4.33bn | −CN¥8.35bn | CN¥7.54bn | CN¥9.87bn | −CN¥7.24bn | CN¥146.5m | −CN¥186.6m | CN¥5.06bn | CN¥3.50bn |
| Capital spending | −CN¥3.0m | −CN¥3.6m | −CN¥3.1m | −CN¥7.2m | −CN¥10.9m | −CN¥18.2m | −CN¥17.9m | −CN¥14.7m | −CN¥8.3m | −CN¥12.0m |
| Free cash flow | −CN¥6.21bn | −CN¥4.33bn | −CN¥8.36bn | CN¥7.53bn | CN¥9.86bn | −CN¥7.26bn | CN¥128.6m | −CN¥201.3m | CN¥5.05bn | CN¥3.49bn |
| Dividends paid | −CN¥2.49bn | −CN¥1.79bn | −CN¥1.67bn | −CN¥1.85bn | −CN¥2.32bn | −CN¥2.40bn | −CN¥1.64bn | −CN¥1.42bn | −CN¥1.48bn | −CN¥1.76bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.02bn | CN¥828.7m | CN¥141.4m | CN¥159.6m | CN¥253.8m | CN¥290.3m | CN¥560.6m | CN¥309.3m |
| Gross profit | CN¥218.3m | CN¥45.5m | −CN¥4.6m | −CN¥9.5m | −CN¥18.1m | CN¥61.8m | CN¥3.2m | −CN¥7.2m |
| Operating income | −CN¥54.8m | −CN¥58.8m | −CN¥75.3m | −CN¥176.9m | −CN¥199.1m | −CN¥332.2m | −CN¥631.1m | −CN¥40.3m |
| Net income | −CN¥184.9m | −CN¥128.3m | −CN¥109.9m | −CN¥115.1m | −CN¥148.8m | −CN¥209.5m | −CN¥702.5m | −CN¥67.2m |
| Diluted earnings per share | -0.25 | -0.17 | -0.15 | -0.16 | -0.20 | -0.28 | -0.95 | -0.09 |
| Cash from operations | — | — | −CN¥94.0m | CN¥42.0m | CN¥311.0m | CN¥1.48bn | CN¥279.0m | CN¥359.0m |
| Capital spending | — | — | — | — | — | −CN¥1.0m | — | — |
| Free cash flow | — | — | — | — | — | CN¥1.48bn | — | — |
| Total assets | CN¥55.72bn | CN¥56.46bn | CN¥60.37bn | CN¥59.83bn | CN¥60.56bn | CN¥60.27bn | CN¥59.21bn | CN¥60.01bn |
| Cash and short-term investments | — | — | CN¥2.74bn | CN¥2.63bn | CN¥3.86bn | CN¥4.03bn | CN¥1.85bn | CN¥1.91bn |
| Debt | CN¥27.04bn | CN¥28.51bn | CN¥7.20bn | CN¥40.50bn | CN¥41.14bn | CN¥35.27bn | CN¥33.40bn | CN¥39.66bn |
| Shareholders' equity | CN¥2.35bn | CN¥2.55bn | −CN¥129.3m | CN¥4.75bn | CN¥6.18bn | CN¥6.42bn | CN¥6.73bn | CN¥7.51bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | — | 3.6% | 7.6% | 19.5% | 21.3% | 28.2% | 31.7% |
| Operating margin | — | -60.3% | -8.3% | 10.6% | 16.7% | 23.0% | 26.1% |
| Net margin | — | -74.4% | -6.2% | 3.6% | 4.9% | 5.6% | 1.8% |
| Return on equity | — | -16.4% | -8.4% | 2.3% | 3.6% | 7.8% | 2.9% |
| Return on assets | — | -1.7% | -1.1% | 0.4% | 0.7% | 1.0% | 0.2% |
| Free cash flow yield | — | -94.8% | -66.0% | -127.5% | 83.0% | 101.4% | -110.1% |
| Revenue growth | — | -86.7% | 91.6% | -17.9% | -23.7% | 104.8% | -45.7% |
| Earnings growth | — | 60.0% | -425.9% | -38.4% | -33.9% | 547.0% | -78.5% |
| Current ratio | — | 3.21x | 3.07x | 2.26x | 1.85x | 2.48x | 1.79x |
| Debt to equity | — | 6.41x | 4.18x | 2.86x | 1.84x | 4.13x | 11.77x |
| Equity ratio | — | 10.7% | 13.2% | 16.2% | 19.5% | 12.8% | 5.8% |
| Interest coverage | — | -1.64x | -2.51x | 1.71x | 2.10x | 3.43x | 2.53x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 28.0% | 6.7% | -48.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -40.6% | -20.0% | -8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.1% | 13.9% | 19.3% | 24.5% |
| Operating margin | -18.1% | -3.7% | 4.7% | 11.1% |
| Net margin | -14.2% | -4.9% | -1.6% | 0.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.7 | -5.4 | 16.9 | 16.7 | 8.9 | 43.8 | 8.7 | 13.0 | 22.6 | 64.0 |
| Price to sales | 2.0 | 0.3 | 0.6 | 0.8 | 0.5 | 0.8 | 0.4 | 0.7 | 1.1 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2022.
| FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.25 | 0.20 | 0.20 | 0.20 | 0.13 | 0.031 | 0.065 |
- 3-for-2 split · 22 Mar 2010
- 6-for-5 split · 12 Jul 2007
- 1.18-for-1 split · 4 Jul 2006
- 13-for-10 split · 6 Jun 1996
- 3-for-2 split · 30 May 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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