Y 
0.07
-2.90%
Close of 9 Nov 2026, in HKD
Search any instrument
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¥2.37bn
FY2016FY2025
Net income
−CN¥1.86bn
FY2016FY2025
Free cash flow
−CN¥167.9m
FY2016FY2025
Shareholders' equity
−CN¥1.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.37bn | CN¥2.40bn | CN¥2.67bn | CN¥3.25bn | CN¥5.28bn | CN¥8.40bn | CN¥6.54bn | CN¥6.26bn | CN¥5.14bn | CN¥2.87bn |
| Gross profit | CN¥173.8m | CN¥388.9m | CN¥561.5m | CN¥646.1m | CN¥1.32bn | CN¥2.10bn | CN¥1.83bn | CN¥1.50bn | CN¥1.30bn | CN¥879.5m |
| Operating income | −CN¥955.8m | −CN¥881.2m | CN¥91.2m | CN¥279.6m | CN¥416.8m | CN¥1.64bn | CN¥1.53bn | CN¥1.20bn | CN¥1.14bn | CN¥670.3m |
| Net income | −CN¥1.86bn | −CN¥1.49bn | −CN¥589.8m | −CN¥816.7m | −CN¥888.3m | CN¥340.7m | CN¥518.0m | CN¥480.9m | CN¥508.3m | CN¥388.1m |
| Diluted earnings per share | -1.56 | -1.25 | -0.49 | -0.68 | -0.74 | 0.29 | 0.43 | 0.40 | 0.43 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥42.54bn | CN¥38.12bn | CN¥40.15bn | CN¥46.67bn | CN¥48.43bn | CN¥47.25bn | CN¥39.87bn | CN¥32.67bn | CN¥27.10bn | CN¥20.06bn |
| Cash and short-term investments | CN¥887.3m | CN¥906.9m | CN¥770.8m | CN¥600.6m | CN¥428.4m | CN¥1.70bn | CN¥2.47bn | CN¥2.22bn | CN¥2.90bn | CN¥4.13bn |
| Total liabilities | CN¥43.28bn | CN¥28.55bn | CN¥37.19bn | CN¥42.18bn | CN¥40.83bn | CN¥39.65bn | CN¥31.32bn | CN¥25.74bn | CN¥20.41bn | CN¥12.81bn |
| Debt | CN¥31.35bn | CN¥18.35bn | CN¥26.60bn | CN¥30.17bn | CN¥28.70bn | CN¥27.58bn | CN¥21.67bn | CN¥16.93bn | CN¥13.79bn | CN¥8.30bn |
| Shareholders' equity | −CN¥1.47bn | CN¥8.74bn | CN¥1.70bn | CN¥2.74bn | CN¥5.64bn | CN¥5.68bn | CN¥7.36bn | CN¥5.76bn | CN¥5.74bn | CN¥6.24bn |
| Shares outstanding | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m | 1,193m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥136.4m | −CN¥15.2m | −CN¥44.0m | −CN¥395.4m | −CN¥2.82bn | −CN¥5.14bn | −CN¥4.25bn | −CN¥3.28bn | −CN¥1.99bn | −CN¥1.09bn |
| Capital spending | −CN¥31.6m | −CN¥132.9m | −CN¥115.0m | −CN¥264.3m | −CN¥199.1m | −CN¥518.7m | −CN¥804.3m | −CN¥312.2m | −CN¥167.5m | −CN¥516.5m |
| Free cash flow | −CN¥167.9m | −CN¥148.1m | −CN¥159.0m | −CN¥659.7m | −CN¥3.02bn | −CN¥5.66bn | −CN¥5.05bn | −CN¥3.60bn | −CN¥2.16bn | −CN¥1.60bn |
| Dividends paid | — | — | — | −CN¥42.3m | −CN¥21.2m | −CN¥179.0m | −CN¥179.0m | −CN¥155.1m | −CN¥119.3m | −CN¥119.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.06bn | CN¥1.21bn | CN¥1.16bn | CN¥1.33bn | CN¥1.06bn | CN¥1.41bn | CN¥1.48bn | CN¥1.61bn |
| Gross profit | CN¥37.1m | CN¥25.3m | CN¥148.5m | CN¥216.5m | CN¥172.4m | CN¥306.6m | CN¥297.5m | CN¥284.6m |
| Operating income | −CN¥346.4m | −CN¥390.7m | −CN¥565.1m | −CN¥647.2m | −CN¥248.0m | −CN¥99.6m | CN¥222.6m | CN¥226.7m |
| Net income | −CN¥656.7m | −CN¥980.4m | −CN¥875.4m | −CN¥853.9m | −CN¥637.0m | −CN¥424.9m | −CN¥192.3m | −CN¥566.3m |
| Diluted earnings per share | -0.55 | -0.82 | -0.73 | -0.72 | -0.53 | -0.36 | -0.16 | -0.47 |
| Cash from operations | — | −CN¥160.0m | CN¥25.0m | −CN¥35.0m | CN¥20.0m | CN¥172.0m | −CN¥223.0m | −CN¥564.0m |
| Capital spending | — | −CN¥112.0m | −CN¥161.0m | −CN¥58.0m | −CN¥74.0m | −CN¥79.0m | −CN¥54.0m | −CN¥142.0m |
| Free cash flow | — | −CN¥272.0m | −CN¥136.0m | −CN¥93.0m | −CN¥54.0m | CN¥93.0m | −CN¥277.0m | −CN¥706.0m |
| Total assets | CN¥41.79bn | CN¥42.54bn | CN¥43.53bn | CN¥38.12bn | CN¥39.63bn | CN¥40.15bn | CN¥46.69bn | CN¥40.00bn |
| Cash and short-term investments | CN¥778.4m | CN¥887.3m | CN¥927.6m | CN¥906.9m | CN¥621.6m | CN¥770.8m | CN¥519.2m | CN¥514.8m |
| Debt | CN¥4.41bn | CN¥21.41bn | CN¥2.40bn | CN¥18.35bn | CN¥26.62bn | CN¥26.60bn | CN¥30.34bn | CN¥25.86bn |
| Shareholders' equity | −CN¥2.07bn | −CN¥1.47bn | CN¥9.34bn | CN¥8.74bn | CN¥1.06bn | CN¥1.70bn | CN¥2.52bn | CN¥2.35bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | -22.4% | 4.3% |
| Net income | 31.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.8% | 16.6% | 21.3% | 24.0% |
| Operating margin | -38.5% | -13.7% | 2.4% | 11.8% |
| Net margin | -70.2% | -44.5% | -21.8% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.4 | -0.5 | -1.1 | 2.8 | 3.5 | 4.7 | 6.5 | 10.8 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.3 | 0.4 | 0.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jun 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.002 | 0.002 | 0.002 | 0.001 | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.