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Close of 28 Oct 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¥16.54bn
FY2016FY2025
Net income
−CN¥1.44bn
FY2016FY2025
Free cash flow
CN¥31.4m
FY2016FY2025
Shareholders' equity
−CN¥2.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.54bn | CN¥15.41bn | CN¥14.67bn | CN¥13.51bn | CN¥10.24bn | CN¥11.59bn | CN¥13.13bn | CN¥12.79bn | CN¥13.66bn | CN¥12.98bn |
| Gross profit | CN¥463.8m | CN¥573.9m | CN¥668.3m | CN¥637.4m | CN¥575.8m | CN¥1.01bn | CN¥1.51bn | CN¥1.64bn | CN¥1.71bn | CN¥1.59bn |
| Operating income | −CN¥977.0m | −CN¥564.2m | −CN¥411.7m | CN¥19.2m | −CN¥3.69bn | CN¥226.7m | CN¥522.5m | CN¥516.8m | CN¥533.2m | CN¥493.3m |
| Net income | −CN¥1.44bn | −CN¥1.18bn | −CN¥538.9m | −CN¥275.6m | −CN¥3.57bn | CN¥97.6m | CN¥220.2m | CN¥281.9m | CN¥275.8m | CN¥304.9m |
| Diluted earnings per share | -1.62 | -1.33 | -0.71 | -0.38 | -4.85 | 0.13 | 0.33 | 0.42 | 0.41 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥7.36bn | CN¥8.89bn | CN¥7.13bn | CN¥7.06bn | CN¥7.37bn | CN¥7.99bn | CN¥9.36bn | CN¥6.91bn | CN¥7.15bn | CN¥6.26bn |
| Cash and short-term investments | CN¥4.22bn | CN¥3.01bn | CN¥992.8m | CN¥485.1m | CN¥195.6m | CN¥148.5m | CN¥742.0m | CN¥606.1m | CN¥705.6m | CN¥669.8m |
| Total liabilities | CN¥8.74bn | CN¥8.81bn | CN¥7.09bn | CN¥6.63bn | CN¥6.66bn | CN¥4.19bn | CN¥5.79bn | CN¥3.63bn | CN¥4.14bn | CN¥3.55bn |
| Debt | CN¥7.36bn | CN¥7.60bn | CN¥3.58bn | CN¥2.92bn | CN¥2.46bn | CN¥2.50bn | CN¥3.85bn | CN¥2.62bn | CN¥3.20bn | CN¥2.61bn |
| Shareholders' equity | −CN¥2.76bn | −CN¥1.13bn | CN¥60.4m | CN¥428.6m | CN¥705.1m | CN¥3.67bn | CN¥3.43bn | CN¥3.22bn | CN¥2.93bn | CN¥2.66bn |
| Shares outstanding | 886m | 886m | 764m | 732m | 735m | 733m | 667m | 667m | 667m | 667m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥54.8m | −CN¥113.2m | CN¥49.2m | −CN¥599.5m | −CN¥992.6m | CN¥315.0m | CN¥459.4m | CN¥227.7m | CN¥59.5m | CN¥393.5m |
| Capital spending | −CN¥23.4m | −CN¥19.0m | −CN¥15.7m | −CN¥12.7m | −CN¥18.8m | −CN¥17.6m | −CN¥35.7m | −CN¥58.8m | −CN¥36.2m | −CN¥60.7m |
| Free cash flow | CN¥31.4m | −CN¥132.2m | CN¥33.5m | −CN¥612.2m | −CN¥1.01bn | CN¥297.4m | CN¥423.7m | CN¥169.0m | CN¥23.3m | CN¥332.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.58bn | CN¥8.32bn | CN¥8.22bn | CN¥7.25bn | CN¥8.16bn | CN¥6.84bn | CN¥9.15bn | CN¥7.30bn |
| Gross profit | CN¥247.0m | CN¥165.4m | CN¥298.5m | CN¥287.5m | CN¥286.4m | CN¥369.9m | CN¥348.9m | CN¥376.7m |
| Operating income | −CN¥48.2m | −CN¥976.1m | −CN¥12.5m | −CN¥602.0m | CN¥37.8m | −CN¥219.4m | CN¥12.5m | −CN¥67.9m |
| Net income | −CN¥108.5m | −CN¥1.36bn | −CN¥76.6m | −CN¥1.15bn | −CN¥25.0m | −CN¥516.3m | −CN¥26.4m | −CN¥107.7m |
| Diluted earnings per share | -0.12 | -1.54 | -0.09 | -1.30 | -0.03 | -0.68 | -0.03 | -0.15 |
| Cash from operations | — | CN¥215.0m | −CN¥177.0m | −CN¥36.0m | −CN¥76.0m | CN¥334.0m | −CN¥277.0m | CN¥78.0m |
| Capital spending | — | −CN¥3.0m | −CN¥29.0m | −CN¥16.0m | −CN¥1.0m | −CN¥10.0m | −CN¥8.0m | −CN¥5.0m |
| Free cash flow | — | CN¥212.0m | −CN¥206.0m | −CN¥52.0m | −CN¥77.0m | CN¥324.0m | −CN¥285.0m | CN¥73.0m |
| Total assets | CN¥7.10bn | CN¥7.36bn | CN¥9.48bn | CN¥8.89bn | CN¥7.96bn | CN¥7.13bn | CN¥8.79bn | CN¥7.06bn |
| Cash and short-term investments | CN¥3.73bn | CN¥4.22bn | CN¥1.87bn | CN¥3.01bn | CN¥553.1m | CN¥992.8m | CN¥943.5m | CN¥485.1m |
| Debt | CN¥6.65bn | CN¥7.27bn | CN¥8.35bn | CN¥7.60bn | CN¥6.50bn | CN¥3.58bn | CN¥4.48bn | CN¥2.92bn |
| Shareholders' equity | −CN¥2.86bn | −CN¥2.76bn | −CN¥1.40bn | −CN¥1.13bn | CN¥31.4m | CN¥60.4m | CN¥400.0m | CN¥428.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.0% | 7.4% | 0.4% |
| Net income | 73.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.2% | 3.9% | 4.8% | 8.3% |
| Operating margin | -4.8% | -3.2% | -6.6% | -1.8% |
| Net margin | -8.2% | -5.7% | -8.4% | -3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.3 | -1.2 | -4.9 | -0.4 | 7.9 | 3.1 | 2.9 | 3.4 | 2.6 |
| Price to sales | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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