N 
4.81
0.00%
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¥471.2m
FY2016FY2025
Net income
−CN¥41.3m
FY2016FY2025
Free cash flow
−CN¥8.9m
FY2016FY2025
Shareholders' equity
CN¥755.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥471.2m | CN¥617.2m | CN¥680.6m | CN¥655.7m | CN¥807.9m | CN¥779.4m | CN¥1.86bn | CN¥2.10bn | CN¥2.25bn | CN¥2.20bn |
| Gross profit | CN¥139.7m | CN¥168.2m | CN¥179.1m | CN¥160.6m | CN¥209.6m | CN¥176.9m | CN¥336.7m | CN¥337.9m | CN¥334.1m | CN¥314.2m |
| Operating income | −CN¥34.3m | −CN¥39.6m | CN¥25.1m | −CN¥53.3m | CN¥23.9m | −CN¥130.7m | CN¥16.9m | −CN¥25.5m | CN¥26.9m | −CN¥33.7m |
| Net income | −CN¥41.3m | −CN¥31.6m | CN¥7.3m | −CN¥64.5m | CN¥2.6m | −CN¥130.3m | CN¥4.8m | −CN¥44.9m | CN¥1.8m | −CN¥34.3m |
| Diluted earnings per share | -0.06 | -0.06 | 0.01 | -0.12 | 0.00 | -0.24 | 0.02 | -0.08 | 0.01 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.34bn | CN¥1.39bn | CN¥1.51bn | CN¥1.60bn | CN¥1.72bn | CN¥1.80bn | CN¥1.89bn | CN¥2.05bn | CN¥2.24bn | CN¥2.24bn |
| Cash and short-term investments | — | CN¥103.1m | CN¥156.7m | CN¥203.5m | CN¥251.2m | CN¥302.6m | CN¥270.1m | CN¥334.8m | CN¥410.7m | CN¥414.0m |
| Total liabilities | CN¥585.1m | CN¥590.4m | CN¥680.6m | CN¥782.6m | CN¥830.5m | CN¥910.9m | CN¥867.9m | CN¥1.03bn | CN¥1.17bn | CN¥1.18bn |
| Debt | CN¥40.0m | CN¥197.7m | CN¥207.2m | CN¥291.5m | CN¥290.9m | CN¥274.3m | CN¥220.0m | CN¥300.0m | CN¥300.0m | CN¥130.0m |
| Shareholders' equity | CN¥755.4m | CN¥796.7m | CN¥828.3m | CN¥821.1m | CN¥885.6m | CN¥893.2m | CN¥1.03bn | CN¥1.02bn | CN¥1.06bn | CN¥1.06bn |
| Shares outstanding | 656m | 537m | 549m | 542m | 560m | 544m | 262m | 567m | 275m | 758m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥7.9m | −CN¥12.4m | CN¥69.3m | −CN¥48.7m | −CN¥15.5m | CN¥17.9m | CN¥30.2m | −CN¥56.5m | −CN¥163.6m | CN¥155.6m |
| Capital spending | −CN¥972,614 | −CN¥53.7m | −CN¥48.6m | −CN¥1.0m | −CN¥4.5m | −CN¥26.1m | −CN¥2.1m | −CN¥6.5m | −CN¥6.4m | −CN¥32.9m |
| Free cash flow | −CN¥8.9m | −CN¥66.0m | CN¥20.7m | −CN¥49.7m | −CN¥20.0m | −CN¥8.1m | CN¥28.1m | −CN¥63.0m | −CN¥170.0m | CN¥122.7m |
| Dividends paid | −CN¥7.6m | −CN¥8.8m | −CN¥8.7m | −CN¥9.3m | −CN¥10.1m | −CN¥13.9m | −CN¥14.2m | −CN¥16.5m | −CN¥9.8m | −CN¥23.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥137.6m | CN¥136.0m | CN¥82.4m | CN¥108.3m | CN¥145.9m | CN¥134.6m | CN¥192.5m | CN¥137.5m |
| Gross profit | CN¥40.4m | CN¥37.6m | CN¥34.3m | CN¥30.8m | CN¥32.3m | CN¥42.3m | CN¥40.0m | CN¥40.5m |
| Operating income | CN¥2.0m | CN¥3.7m | CN¥3.2m | CN¥15.0m | −CN¥8.4m | −CN¥8.0m | −CN¥45.7m | CN¥3.4m |
| Net income | −CN¥1.3m | CN¥2.7m | −CN¥41.6m | CN¥13.7m | −CN¥6.8m | −CN¥6.6m | −CN¥37.3m | CN¥3.2m |
| Diluted earnings per share | -0.00 | 0.00 | -0.06 | 0.02 | -0.01 | -0.01 | -0.07 | 0.01 |
| Cash from operations | — | — | — | — | CN¥21.0m | −CN¥24.0m | CN¥17.0m | CN¥25.0m |
| Capital spending | — | — | — | — | — | — | −CN¥10.0m | −CN¥10.0m |
| Free cash flow | — | — | — | — | — | — | CN¥7.0m | CN¥15.0m |
| Total assets | CN¥1.29bn | CN¥1.33bn | CN¥1.34bn | CN¥1.37bn | CN¥1.29bn | CN¥1.36bn | CN¥1.39bn | CN¥1.40bn |
| Cash and short-term investments | — | — | — | CN¥108.1m | CN¥76.1m | CN¥76.3m | CN¥103.1m | CN¥83.4m |
| Debt | CN¥39.5m | CN¥40.0m | CN¥40.0m | CN¥279.8m | CN¥176.8m | CN¥190.2m | CN¥180.2m | CN¥101.5m |
| Shareholders' equity | CN¥756.8m | CN¥758.1m | CN¥755.4m | CN¥797.0m | CN¥783.3m | CN¥790.1m | CN¥796.7m | CN¥834.0m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.7% | 27.3% | 26.3% | 24.5% | 25.9% | 22.7% |
| Operating margin | -7.7% | -3.9% | 3.7% | -8.0% | 3.0% | -16.8% |
| Net margin | -8.8% | -5.1% | 1.1% | -9.8% | 0.3% | -16.7% |
| Return on equity | -5.5% | -4.0% | 0.9% | -7.9% | 0.3% | -14.6% |
| Return on assets | -3.1% | -2.3% | 0.5% | -4.0% | 0.2% | -7.2% |
| Free cash flow yield | -0.2% | 1.5% | 4.2% | -1.7% | -0.4% | 1.6% |
| Revenue growth | -23.7% | -9.3% | 3.8% | -18.8% | 3.7% | -58.0% |
| Earnings growth | 30.7% | -536.2% | -111.2% | -2544.1% | -102.0% | -2841.9% |
| Current ratio | 0.67x | 0.57x | 0.63x | 0.54x | 0.59x | 0.59x |
| Debt to equity | 0.05x | 0.23x | 0.21x | 0.31x | 0.28x | 0.31x |
| Equity ratio | 56.4% | 57.4% | 54.9% | 51.2% | 51.6% | 49.5% |
| Interest coverage | -4.23x | -1.80x | 1.90x | -3.69x | 1.55x | -7.88x |
| Buybacks as a share of market value | -22.0% | 2.1% | -1.1% | 3.1% | -2.9% | -107.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | -9.6% | -14.9% |
| Operating income | -13.7% | -23.5% | — |
| Net income | -13.8% | -20.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.3% | 26.7% | 25.8% | 18.1% |
| Operating margin | -6.8% | -4.2% | -5.2% | -1.3% |
| Net margin | -6.7% | -5.4% | -6.4% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -108.0 | -122.8 | 394.9 | -42.6 | — | -18.8 | — | -46.3 | — | -223.7 |
| Price to sales | 9.5 | 6.3 | 4.2 | 4.2 | 2.7 | 3.1 | 1.4 | 1.0 | 1.0 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jun 2020.
| FY2020 | FY2018 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.003 | 0.016 | 0.009 | 0.01 | 0.036 | 0.044 | 0.025 |
- 8-for-5 split · 23 Apr 2012
- 3-for-2 split · 10 Nov 2010
- 6-for-5 split · 8 Jul 2009
- 1-to-1 reverse split · 5 Jan 2007
- 8-for-5 split · 23 Oct 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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