D 
6.56
+2.82%
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¥604.9m
FY2016FY2025
Net income
−CN¥94.7m
FY2016FY2025
Free cash flow
−CN¥79.8m
FY2016FY2025
Shareholders' equity
CN¥306.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥604.9m | CN¥628.5m | CN¥632.6m | CN¥807.0m | CN¥659.7m | CN¥674.2m | CN¥766.9m | CN¥730.8m | CN¥782.0m | CN¥707.4m |
| Operating income | −CN¥22.4m | −CN¥64.6m | CN¥122.6m | −CN¥108.1m | −CN¥98.3m | CN¥15.9m | CN¥26.6m | CN¥7.0m | CN¥11.6m | CN¥21.7m |
| Net income | −CN¥94.7m | −CN¥145.9m | CN¥105.6m | −CN¥156.5m | −CN¥143.2m | CN¥9.7m | CN¥11.3m | CN¥2.7m | CN¥3.4m | CN¥13.6m |
| Diluted earnings per share | -0.23 | -0.36 | 0.26 | -0.39 | -0.36 | 0.02 | 0.03 | 0.01 | 0.01 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.57bn | CN¥2.72bn | CN¥2.81bn | CN¥2.67bn | CN¥2.81bn | CN¥2.71bn | CN¥2.26bn | CN¥2.06bn | CN¥1.58bn | CN¥1.66bn |
| Cash and short-term investments | CN¥130.6m | CN¥87.8m | CN¥84.0m | CN¥159.1m | CN¥322.7m | CN¥522.1m | CN¥208.6m | CN¥197.1m | CN¥107.4m | CN¥229.2m |
| Total liabilities | CN¥2.24bn | CN¥2.31bn | CN¥2.27bn | CN¥2.23bn | CN¥2.21bn | CN¥1.97bn | CN¥1.52bn | CN¥1.34bn | CN¥849.7m | CN¥936.9m |
| Debt | CN¥1.67bn | CN¥1.19bn | CN¥1.37bn | CN¥1.37bn | CN¥1.45bn | CN¥1.34bn | CN¥879.8m | CN¥660.0m | CN¥280.3m | CN¥200.0m |
| Shareholders' equity | CN¥306.8m | CN¥402.9m | CN¥548.1m | CN¥441.2m | CN¥597.2m | CN¥743.6m | CN¥737.6m | CN¥728.3m | CN¥726.9m | CN¥728.0m |
| Shares outstanding | 405m | 405m | 405m | 401m | 401m | 399m | 400m | 335m | 463m | 383m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥7.7m | −CN¥47.8m | −CN¥68.6m | CN¥332.6m | CN¥64.6m | CN¥154.7m | CN¥216.3m | −CN¥86.1m | CN¥52.9m | CN¥39.1m |
| Capital spending | −CN¥87.6m | −CN¥86.6m | −CN¥225.2m | −CN¥367.5m | −CN¥276.8m | −CN¥220.7m | −CN¥288.7m | −CN¥269.3m | −CN¥138.8m | −CN¥105.4m |
| Free cash flow | −CN¥79.8m | −CN¥134.4m | −CN¥293.8m | −CN¥34.9m | −CN¥212.2m | −CN¥66.0m | −CN¥72.4m | −CN¥355.4m | −CN¥85.9m | −CN¥66.3m |
| Dividends paid | −CN¥77.5m | −CN¥83.4m | −CN¥84.5m | −CN¥83.9m | −CN¥3.2m | −CN¥3.6m | −CN¥2.0m | −CN¥24.2m | −CN¥16.3m | −CN¥12.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥24.0m | CN¥356.1m | CN¥224.6m | CN¥879,827 | CN¥21.2m | CN¥358.2m | CN¥222.6m | CN¥540,901 |
| Operating income | −CN¥30.3m | CN¥88.6m | CN¥29.4m | −CN¥71.9m | −CN¥79.9m | CN¥83.1m | −CN¥11.1m | −CN¥55.0m |
| Net income | −CN¥44.7m | CN¥94.9m | CN¥17.9m | −CN¥71.9m | −CN¥100.4m | CN¥59.8m | −CN¥29.6m | −CN¥75.0m |
| Diluted earnings per share | -0.11 | 0.23 | 0.04 | -0.18 | -0.25 | 0.15 | -0.07 | -0.19 |
| Cash from operations | — | — | CN¥231.0m | −CN¥22.0m | −CN¥101.0m | −CN¥99.0m | CN¥217.0m | −CN¥141.0m |
| Capital spending | −CN¥5.0m | −CN¥17.0m | −CN¥60.0m | −CN¥11.0m | −CN¥4.0m | −CN¥11.0m | −CN¥25.0m | −CN¥5.0m |
| Free cash flow | — | — | CN¥171.0m | −CN¥33.0m | −CN¥105.0m | −CN¥110.0m | CN¥192.0m | −CN¥146.0m |
| Total assets | CN¥2.27bn | CN¥2.25bn | CN¥2.57bn | CN¥2.48bn | CN¥2.51bn | CN¥2.55bn | CN¥2.72bn | CN¥2.59bn |
| Cash and short-term investments | — | — | CN¥130.6m | CN¥31.2m | CN¥54.5m | CN¥79.8m | CN¥87.8m | CN¥9.0m |
| Debt | CN¥586.7m | CN¥566.7m | CN¥1.66bn | CN¥1.28bn | CN¥1.35bn | CN¥1.29bn | CN¥1.18bn | CN¥1.41bn |
| Shareholders' equity | CN¥359.3m | CN¥403.2m | CN¥306.8m | CN¥294.6m | CN¥365.4m | CN¥464.2m | CN¥402.9m | CN¥435.0m |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -3.7% | -10.1% | 31.1% | -13.2% | -16.5% | 7.5% |
| Net margin | -15.7% | -23.2% | 16.7% | -19.4% | -21.7% | 1.4% |
| Return on equity | -30.9% | -36.2% | 19.3% | -35.5% | -24.0% | 1.3% |
| Return on assets | -3.7% | -5.4% | 3.8% | -5.9% | -5.1% | 0.4% |
| Free cash flow yield | 3.6% | 1.5% | 5.8% | 26.4% | 12.9% | 14.2% |
| Revenue growth | -3.8% | -0.6% | -21.6% | 22.3% | -2.2% | -12.1% |
| Earnings growth | -35.1% | -238.2% | -167.4% | 9.3% | -1582.9% | -14.3% |
| Current ratio | 0.38x | 0.38x | 0.49x | 0.49x | 0.66x | 0.90x |
| Debt to equity | 5.41x | 2.93x | 2.49x | 2.42x | 1.70x | 1.30x |
| Equity ratio | 11.9% | 14.8% | 19.5% | 16.5% | 21.2% | 27.4% |
| Interest coverage | -0.29x | -0.76x | 2.45x | -2.17x | -3.17x | 1.39x |
| Buybacks as a share of market value | 0.0% | 0.2% | -1.0% | -0.1% | -0.4% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | -2.1% | -1.2% |
| Operating income | -40.8% | — | — |
| Net income | -15.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.1% | -2.7% | -3.9% | -0.8% |
| Net margin | -19.5% | -10.9% | -10.6% | -5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.9 | -19.8 | 31.1 | -13.0 | -11.5 | 163.3 | 164.0 | 471.4 | — | 229.8 |
| Price to sales | 4.4 | 4.6 | 5.2 | 2.5 | 2.5 | 2.3 | 2.4 | 1.8 | 3.7 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.008 | 0.009 | 0.005 | 0.003 | 0.011 | 0.01 | 0.017 | 0.003 |
- 2-for-1 split · 30 Nov 2015
- 1-to-1 reverse split · 22 Jun 2006
- 9-for-5 split · 24 Apr 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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