B 
5.26
-0.57%
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¥2.24bn
FY2016FY2025
Net income
−CN¥1.17bn
FY2016FY2025
Free cash flow
CN¥38.1m
FY2016FY2025
Shareholders' equity
CN¥1.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.24bn | CN¥5.46bn | CN¥4.54bn | CN¥6.18bn | CN¥2.13bn | CN¥312.8m | CN¥1.18bn | CN¥1.02bn | CN¥743.1m | CN¥762.2m |
| Operating income | −CN¥15.2m | CN¥251.4m | −CN¥581.6m | CN¥403.5m | CN¥270.9m | CN¥9.3m | CN¥228.3m | CN¥113.6m | CN¥37.4m | CN¥118.4m |
| Net income | −CN¥1.17bn | −CN¥109.1m | −CN¥407.0m | CN¥130.5m | CN¥55.7m | −CN¥73.2m | CN¥33.2m | CN¥50.3m | CN¥49.6m | CN¥46.1m |
| Diluted earnings per share | -2.58 | -0.24 | -0.87 | 0.29 | 0.12 | -0.16 | 0.08 | 0.11 | 0.11 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.31bn | CN¥19.76bn | CN¥21.17bn | CN¥20.15bn | CN¥21.31bn | CN¥18.18bn | CN¥13.25bn | CN¥6.77bn | CN¥6.30bn | CN¥5.10bn |
| Cash and short-term investments | — | CN¥2.50bn | CN¥4.59bn | CN¥1.58bn | CN¥2.50bn | CN¥1.13bn | CN¥1.04bn | CN¥576.8m | CN¥598.5m | CN¥1.11bn |
| Total liabilities | CN¥13.69bn | CN¥17.46bn | CN¥17.82bn | CN¥14.42bn | CN¥17.08bn | CN¥14.37bn | CN¥9.22bn | CN¥3.64bn | CN¥3.45bn | CN¥3.07bn |
| Debt | CN¥4.38bn | CN¥12.21bn | CN¥5.67bn | CN¥7.76bn | CN¥7.62bn | CN¥8.22bn | CN¥4.60bn | CN¥1.65bn | CN¥1.72bn | CN¥1.95bn |
| Shareholders' equity | CN¥1.48bn | CN¥681.6m | CN¥1.59bn | CN¥3.63bn | CN¥2.53bn | CN¥2.16bn | CN¥2.38bn | CN¥1.66bn | CN¥1.61bn | CN¥1.54bn |
| Shares outstanding | 453m | 453m | 469m | 453m | 447m | 454m | 424m | 448m | 452m | 392m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥38.8m | −CN¥4.04bn | CN¥4.34bn | −CN¥1.85bn | CN¥2.19bn | −CN¥518.7m | −CN¥5.33bn | −CN¥460.8m | −CN¥1.01bn | −CN¥65.2m |
| Capital spending | −CN¥771,931 | −CN¥680,496 | −CN¥788,453 | −CN¥2.4m | −CN¥833,104 | −CN¥1.3m | −CN¥2.4m | −CN¥685,863 | −CN¥334,183 | −CN¥1.5m |
| Free cash flow | CN¥38.1m | −CN¥4.04bn | CN¥4.33bn | −CN¥1.85bn | CN¥2.19bn | −CN¥520.0m | −CN¥5.33bn | −CN¥461.5m | −CN¥1.01bn | −CN¥66.7m |
| Dividends paid | −CN¥402.7m | −CN¥414.4m | −CN¥495.0m | −CN¥673.9m | −CN¥522.6m | −CN¥5.4m | −CN¥7.2m | −CN¥83.8m | −CN¥79.5m | −CN¥121.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥249.3m | CN¥346.0m | CN¥748.5m | CN¥771.5m | CN¥402.7m | CN¥315.4m | CN¥2.53bn | CN¥1.34bn |
| Operating income | −CN¥50.0m | −CN¥1.6m | CN¥90.4m | −CN¥7.5m | −CN¥111.1m | −CN¥120.9m | −CN¥39.5m | −CN¥670,716 |
| Net income | −CN¥79.3m | −CN¥74.4m | −CN¥899.9m | −CN¥67.5m | −CN¥93.2m | −CN¥107.2m | −CN¥7.1m | −CN¥42.0m |
| Diluted earnings per share | -0.18 | -0.16 | -1.99 | -0.15 | -0.21 | -0.24 | -0.02 | -0.09 |
| Cash from operations | — | — | — | CN¥138.0m | −CN¥24.0m | −CN¥191.0m | — | CN¥61.0m |
| Total assets | CN¥15.68bn | CN¥15.84bn | CN¥16.31bn | CN¥17.70bn | CN¥18.91bn | CN¥19.36bn | CN¥19.76bn | CN¥21.11bn |
| Cash and short-term investments | — | — | — | CN¥1.54bn | CN¥2.13bn | CN¥2.30bn | CN¥2.50bn | CN¥2.51bn |
| Debt | CN¥4.11bn | CN¥4.49bn | CN¥4.38bn | CN¥3.04bn | CN¥3.41bn | CN¥6.49bn | CN¥3.22bn | CN¥3.76bn |
| Shareholders' equity | CN¥1.30bn | CN¥1.39bn | CN¥1.48bn | CN¥2.39bn | CN¥2.47bn | CN¥2.57bn | CN¥681.6m | CN¥685.5m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -51.9% | 4.6% | -8.9% | 5.0% | 11.7% | 3.5% |
| Net margin | -52.1% | -2.0% | -9.0% | 2.1% | 2.6% | -23.4% |
| Return on equity | -78.9% | -16.0% | -25.6% | 3.6% | 2.2% | -3.4% |
| Return on assets | -7.2% | -0.6% | -1.9% | 0.6% | 0.3% | -0.4% |
| Free cash flow yield | 1.5% | -153.1% | 158.7% | -69.9% | 83.9% | -19.5% |
| Revenue growth | -58.9% | 20.4% | -26.6% | 189.7% | 581.8% | -73.6% |
| Earnings growth | 970.1% | -73.2% | -411.9% | 134.3% | -176.1% | -320.2% |
| Current ratio | 2.60x | 1.97x | 2.19x | 2.58x | 1.45x | 2.11x |
| Debt to equity | 2.96x | 10.98x | 3.34x | 1.77x | 0.42x | 3.43x |
| Equity ratio | 9.1% | 3.4% | 7.5% | 18.0% | 11.9% | 11.9% |
| Interest coverage | -4.54x | 1.02x | -2.31x | 4.94x | 2.08x | 0.15x |
| Buybacks as a share of market value | 0.0% | 3.4% | -3.5% | -1.3% | 1.6% | -7.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.7% | 48.3% | 10.5% |
| Net income | — | 74.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.1% | 0.3% | 1.6% | 4.0% |
| Net margin | -16.6% | -8.4% | -7.5% | -5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -17.0 | -5.6 | 16.6 | 31.9 | -31.2 | 48.9 | 32.4 | 63.0 | 69.6 |
| Price to sales | 0.9 | 0.3 | 0.5 | 0.3 | 0.8 | 7.3 | 1.4 | 1.6 | 4.2 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jul 2023.
| FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.01 | 0.012 | 0.016 | 0.015 | 0.015 | 0.02 | 0.02 |
- 8-for-5 split · 16 May 2008
- 3-for-2 split · 29 May 2007
- 1-to-1 reverse split · 10 Feb 2006
- 13-for-10 split · 31 Mar 2003
- 3-for-2 split · 15 Sept 1998
- 11-for-10 split · 29 May 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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