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Close of 9 Nov 2026, in HKD
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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¥9.79bn
FY2016FY2025
Net income
−CN¥17.44bn
FY2016FY2025
Free cash flow
−CN¥22.2m
FY2016FY2025
Shareholders' equity
−CN¥28.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.79bn | CN¥28.61bn | CN¥33.19bn | CN¥25.90bn | CN¥36.99bn | CN¥30.92bn | CN¥27.87bn | CN¥22.64bn | CN¥17.12bn | CN¥12.50bn |
| Gross profit | −CN¥6.39bn | −CN¥311.9m | CN¥1.87bn | −CN¥6.65bn | CN¥4.22bn | CN¥5.83bn | CN¥5.51bn | CN¥5.15bn | CN¥3.61bn | CN¥2.71bn |
| Operating income | −CN¥7.13bn | −CN¥2.14bn | −CN¥5.49bn | −CN¥8.55bn | CN¥1.65bn | CN¥3.87bn | CN¥3.56bn | CN¥3.56bn | CN¥2.49bn | CN¥1.80bn |
| Net income | −CN¥17.44bn | −CN¥5.85bn | −CN¥7.25bn | −CN¥12.88bn | CN¥809.0m | CN¥2.27bn | CN¥2.15bn | CN¥1.82bn | CN¥1.21bn | CN¥1.01bn |
| Diluted earnings per share | -3.99 | -1.34 | -1.66 | -2.95 | 0.19 | 0.52 | 0.49 | 0.44 | 0.40 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥86.15bn | CN¥97.06bn | CN¥153.19bn | CN¥194.47bn | CN¥253.84bn | CN¥189.51bn | CN¥144.85bn | CN¥121.04bn | CN¥91.10bn | CN¥74.27bn |
| Cash and short-term investments | CN¥2.39bn | CN¥1.87bn | CN¥1.72bn | CN¥6.26bn | CN¥39.77bn | CN¥37.59bn | CN¥24.95bn | CN¥20.53bn | CN¥14.72bn | CN¥13.17bn |
| Total liabilities | CN¥108.91bn | CN¥99.01bn | CN¥147.04bn | CN¥176.99bn | CN¥212.90bn | CN¥157.32bn | CN¥118.27bn | CN¥100.08bn | CN¥80.63bn | CN¥66.57bn |
| Debt | CN¥56.87bn | CN¥51.50bn | CN¥59.53bn | CN¥63.65bn | CN¥74.25bn | CN¥57.64bn | CN¥33.78bn | CN¥39.80bn | CN¥36.01bn | CN¥31.76bn |
| Shareholders' equity | −CN¥28.41bn | −CN¥9.59bn | −CN¥3.89bn | CN¥4.76bn | CN¥19.35bn | CN¥17.97bn | CN¥15.27bn | CN¥11.58bn | CN¥7.00bn | CN¥6.83bn |
| Shares outstanding | 4,368m | 4,368m | 4,368m | 4,368m | 4,368m | 4,368m | 4,368m | 4,124m | 3,000m | 3,500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥19.9m | CN¥300.2m | CN¥1.87bn | CN¥849.2m | CN¥11.73bn | CN¥1.62bn | −CN¥12.04bn | −CN¥2.28bn | −CN¥3.63bn | −CN¥1.42bn |
| Capital spending | −CN¥2.3m | −CN¥31,672 | −CN¥1.5m | −CN¥81.6m | −CN¥16.9m | −CN¥29.2m | −CN¥31.5m | −CN¥108.0m | −CN¥40.7m | −CN¥19.0m |
| Free cash flow | −CN¥22.2m | CN¥300.1m | CN¥1.87bn | CN¥767.6m | CN¥11.71bn | CN¥1.59bn | −CN¥12.07bn | −CN¥2.39bn | −CN¥3.67bn | −CN¥1.44bn |
| Dividends paid | — | — | — | — | −CN¥551.3m | −CN¥339.6m | −CN¥451.7m | −CN¥282.4m | −CN¥282.4m | −CN¥282.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥637.0m | CN¥5.15bn | CN¥4.65bn | CN¥7.50bn | CN¥21.11bn | CN¥17.35bn | CN¥18.50bn | CN¥13.03bn |
| Gross profit | CN¥23.0m | −CN¥4.55bn | −CN¥1.84bn | −CN¥410.8m | CN¥99.0m | CN¥875.3m | CN¥1.16bn | −CN¥7.05bn |
| Operating income | −CN¥5.31bn | −CN¥4.89bn | −CN¥2.49bn | −CN¥941.0m | −CN¥592.2m | −CN¥3.35bn | CN¥134.7m | −CN¥9.20bn |
| Net income | −CN¥8.32bn | −CN¥10.98bn | −CN¥6.46bn | −CN¥3.84bn | −CN¥2.01bn | −CN¥6.00bn | −CN¥1.46bn | −CN¥10.27bn |
| Diluted earnings per share | -1.90 | -2.51 | -1.48 | -0.88 | -0.46 | -1.37 | -0.34 | -2.35 |
| Cash from operations | CN¥144.0m | −CN¥210.0m | CN¥212.0m | CN¥428.0m | −CN¥128.0m | CN¥155.0m | CN¥2.03bn | −CN¥2.42bn |
| Capital spending | — | −CN¥2.0m | — | — | — | −CN¥46.0m | −CN¥47.0m | −CN¥8.0m |
| Free cash flow | — | −CN¥212.0m | — | — | — | CN¥109.0m | CN¥1.99bn | −CN¥2.43bn |
| Total assets | CN¥81.20bn | CN¥86.15bn | CN¥101.70bn | CN¥97.06bn | CN¥108.30bn | CN¥131.13bn | CN¥175.95bn | CN¥194.47bn |
| Cash and short-term investments | CN¥2.22bn | CN¥2.39bn | CN¥467.6m | CN¥1.87bn | CN¥3.31bn | CN¥1.47bn | CN¥8.20bn | CN¥6.26bn |
| Debt | CN¥51.45bn | CN¥56.87bn | CN¥57.19bn | CN¥50.39bn | CN¥51.39bn | CN¥50.96bn | CN¥60.69bn | CN¥60.79bn |
| Shareholders' equity | −CN¥35.61bn | −CN¥28.41bn | −CN¥17.19bn | −CN¥9.59bn | −CN¥5.49bn | −CN¥3.33bn | CN¥2.76bn | CN¥4.76bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.7% | -20.5% | 8.6% |
| Operating income | -5.9% | — | — |
| Net income | 10.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -17.5% | -11.8% | -0.9% | 6.6% |
| Operating margin | -24.1% | -23.9% | -10.8% | -2.2% |
| Net margin | -60.6% | -44.5% | -24.4% | -13.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -0.0 | -0.0 | -0.1 | 3.6 | 1.6 | 2.1 | 2.1 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|
| Paid in the year | 0.002 | 0.001 | 0.002 | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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