C 
0.20
0.00%
Close of 5 Nov 2026, in HKD
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥63.4m
FY2016FY2025
Net income
−CN¥14.6m
FY2016FY2025
Free cash flow
−CN¥4.4m
FY2016FY2025
Shareholders' equity
CN¥180.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥63.4m | CN¥74.5m | CN¥87.9m | CN¥83.6m | CN¥73.6m | CN¥72.3m | CN¥82.3m | CN¥213.4m | CN¥826.3m | CN¥1.12bn |
| Research and development | — | — | — | — | — | — | — | CN¥3.3m | CN¥5.9m | CN¥5.2m |
| Operating income | −CN¥16.5m | −CN¥13.2m | −CN¥5.3m | −CN¥17.1m | −CN¥29.1m | −CN¥26.7m | −CN¥48.6m | −CN¥247.9m | −CN¥811.8m | −CN¥1.30bn |
| Net income | −CN¥14.6m | −CN¥16.8m | −CN¥6.4m | −CN¥17.1m | −CN¥26.4m | −CN¥13.9m | −CN¥54.2m | −CN¥719.0m | −CN¥3.25bn | −CN¥4.25bn |
| Diluted earnings per share | -0.09 | -0.10 | -0.04 | -0.10 | -0.16 | -0.08 | -0.32 | -4.36 | -19.71 | -25.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥213.7m | CN¥234.3m | CN¥243.5m | CN¥246.1m | CN¥262.5m | CN¥297.6m | CN¥306.0m | CN¥358.7m | CN¥1.28bn | CN¥4.61bn |
| Cash and short-term investments | CN¥83.3m | CN¥89.0m | CN¥92.0m | CN¥87.6m | CN¥89.9m | CN¥108.2m | CN¥115.7m | CN¥138.9m | CN¥185.6m | CN¥204.4m |
| Total liabilities | CN¥33.2m | CN¥41.6m | CN¥37.6m | CN¥36.3m | CN¥36.8m | CN¥40.4m | CN¥39.2m | CN¥42.1m | CN¥251.4m | CN¥349.4m |
| Debt | CN¥3.0m | CN¥4.6m | CN¥3.6m | CN¥1.5m | CN¥3.9m | CN¥7.2m | — | — | — | — |
| Shareholders' equity | CN¥180.4m | CN¥192.7m | CN¥206.0m | CN¥209.8m | CN¥225.7m | CN¥257.2m | CN¥266.8m | CN¥316.6m | CN¥1.03bn | CN¥4.26bn |
| Shares outstanding | 165m | 165m | 165m | 165m | 165m | 165m | 165m | 165m | 165m | 165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥4.4m | −CN¥664,000 | CN¥7.8m | CN¥670,000 | −CN¥12.4m | −CN¥8.7m | −CN¥13.8m | −CN¥24.7m | CN¥33.0m | −CN¥205.3m |
| Capital spending | −CN¥26,000 | −CN¥1.0m | −CN¥654,000 | −CN¥193,000 | −CN¥420,000 | −CN¥2.1m | −CN¥11.4m | −CN¥5.0m | −CN¥59.7m | −CN¥222.6m |
| Free cash flow | −CN¥4.4m | −CN¥1.7m | CN¥7.2m | CN¥477,000 | −CN¥12.8m | −CN¥10.8m | −CN¥25.2m | −CN¥29.7m | −CN¥26.7m | −CN¥428.0m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥31.3m | CN¥29.7m | CN¥33.7m | CN¥35.1m | CN¥39.4m | CN¥42.1m | CN¥21.1m | CN¥45.7m |
| Operating income | −CN¥10.2m | −CN¥7.3m | −CN¥7.2m | −CN¥8.7m | −CN¥4.6m | −CN¥2.7m | −CN¥2.2m | −CN¥909,000 |
| Net income | −CN¥10.5m | −CN¥7.6m | −CN¥7.0m | −CN¥10.8m | −CN¥5.9m | −CN¥2.5m | −CN¥1.3m | −CN¥3.8m |
| Diluted earnings per share | -0.06 | -0.05 | -0.04 | -0.07 | -0.04 | -0.02 | — | -0.02 |
| Cash from operations | — | −CN¥5.0m | — | — | — | CN¥3.0m | — | CN¥4.0m |
| Total assets | CN¥207.0m | CN¥213.7m | CN¥223.1m | CN¥234.3m | CN¥235.5m | CN¥243.5m | CN¥243.5m | CN¥243.5m |
| Cash and short-term investments | CN¥84.0m | CN¥83.3m | CN¥104.1m | CN¥106.0m | CN¥106.3m | CN¥109.0m | CN¥110.6m | CN¥109.0m |
| Debt | CN¥40,000 | CN¥452,000 | CN¥1.3m | CN¥2.2m | CN¥257,000 | CN¥717,000 | CN¥717,000 | CN¥717,000 |
| Shareholders' equity | CN¥175.5m | CN¥180.4m | CN¥184.8m | CN¥192.7m | CN¥199.1m | CN¥206.0m | CN¥209.4m | CN¥206.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | -2.6% | -26.2% |
| Operating income | -1.3% | -9.2% | -34.5% |
| Net income | -5.0% | 1.0% | -45.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -21.5% | -16.9% | -23.7% | -91.0% |
| Net margin | -22.8% | -17.7% | -20.9% | -373.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -2.2 | -4.3 | -2.8 | -2.6 | -7.0 | -1.6 | -0.2 | -0.1 | -0.1 |
| Price to sales | 0.6 | 0.5 | 0.3 | 0.6 | 0.9 | 1.3 | 1.1 | 0.6 | 0.6 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Mar 2011.
| FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.80 | 1.00 | 0.64 | 1.026 | 0.022 | 0.021 | 0.152 | 0.702 |
- 20-to-1 reverse split · 17 Dec 2024
- 1.04-for-1 split · 4 Dec 2008
- 1.013-for-1 split · 22 Nov 2007
- 21-for-20 split · 11 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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