H 
0.55
+9.00%
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¥8.12bn
FY2016FY2025
Net income
−CN¥527.4m
FY2016FY2025
Free cash flow
−CN¥84.8m
FY2016FY2025
Shareholders' equity
CN¥2.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.12bn | CN¥9.92bn | CN¥10.32bn | CN¥10.64bn | CN¥6.32bn | CN¥6.39bn | CN¥7.57bn | CN¥7.45bn | CN¥5.14bn | CN¥3.30bn |
| Gross profit | CN¥439.5m | CN¥128.3m | CN¥383.4m | CN¥975.3m | CN¥867.9m | CN¥1.05bn | CN¥1.08bn | CN¥1.36bn | CN¥904.8m | CN¥435.2m |
| Operating income | −CN¥544.9m | −CN¥376.3m | CN¥63.6m | CN¥616.0m | CN¥656.3m | CN¥804.0m | CN¥840.7m | CN¥1.19bn | CN¥789.1m | CN¥356.3m |
| Net income | −CN¥527.4m | −CN¥295.7m | CN¥19.1m | CN¥360.7m | CN¥415.9m | CN¥485.5m | CN¥587.2m | CN¥832.4m | CN¥532.3m | CN¥265.9m |
| Diluted earnings per share | -0.99 | -0.55 | 0.04 | 0.67 | 0.78 | 0.91 | 1.10 | 1.55 | 1.15 | 0.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥9.08bn | CN¥9.59bn | CN¥10.72bn | CN¥9.60bn | CN¥7.29bn | CN¥6.39bn | CN¥5.49bn | CN¥4.07bn | CN¥2.96bn | CN¥2.36bn |
| Cash and short-term investments | CN¥601.7m | CN¥620.1m | CN¥1.76bn | CN¥1.69bn | CN¥508.6m | CN¥2.26bn | CN¥1.70bn | CN¥1.74bn | CN¥481.7m | CN¥106.7m |
| Total liabilities | CN¥5.49bn | CN¥5.88bn | CN¥6.58bn | CN¥5.56bn | CN¥3.61bn | CN¥2.41bn | CN¥2.09bn | CN¥1.70bn | CN¥1.23bn | CN¥1.42bn |
| Debt | CN¥3.20bn | CN¥2.88bn | CN¥3.55bn | CN¥2.77bn | CN¥1.54bn | CN¥868.6m | CN¥1.05bn | CN¥1.40bn | CN¥587.5m | CN¥750.9m |
| Shareholders' equity | CN¥2.59bn | CN¥2.67bn | CN¥2.96bn | CN¥3.00bn | CN¥2.76bn | CN¥2.90bn | CN¥2.63bn | CN¥2.28bn | CN¥1.63bn | CN¥880.8m |
| Shares outstanding | 535m | 535m | 535m | 535m | 535m | 535m | 535m | 535m | 461m | 431m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥251.4m | CN¥805.8m | CN¥59.8m | CN¥852.3m | CN¥953.2m | CN¥1.14bn | CN¥1.07bn | CN¥530.0m | CN¥482.7m | CN¥168.4m |
| Capital spending | −CN¥336.2m | −CN¥310.0m | −CN¥952.8m | −CN¥1.47bn | −CN¥2.01bn | −CN¥895.4m | −CN¥503.0m | −CN¥292.6m | −CN¥178.2m | −CN¥54.6m |
| Free cash flow | −CN¥84.8m | CN¥495.7m | −CN¥893.0m | −CN¥621.4m | −CN¥1.05bn | CN¥246.8m | CN¥568.6m | CN¥237.4m | CN¥304.5m | CN¥113.9m |
| Dividends paid | — | — | −CN¥46.4m | −CN¥115.2m | −CN¥137.0m | −CN¥213.3m | −CN¥242.4m | −CN¥176.7m | −CN¥107.3m | −CN¥72.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.57bn | CN¥4.29bn | CN¥1.91bn | CN¥4.53bn | CN¥5.39bn | CN¥5.28bn | CN¥5.04bn | CN¥5.06bn |
| Gross profit | CN¥381.1m | CN¥250.3m | CN¥94.6m | CN¥68.4m | CN¥59.9m | CN¥198.6m | CN¥184.8m | CN¥269.9m |
| Operating income | CN¥139.8m | CN¥22.5m | −CN¥32.0m | −CN¥188.6m | −CN¥186.0m | −CN¥37.5m | CN¥17.9m | CN¥75.4m |
| Net income | −CN¥1.09bn | −CN¥401.5m | −CN¥62.9m | −CN¥161.5m | −CN¥134.2m | −CN¥17.8m | CN¥36.9m | CN¥95.7m |
| Diluted earnings per share | -2.04 | -0.75 | -0.12 | -0.30 | -0.25 | -0.03 | 0.07 | 0.18 |
| Cash from operations | CN¥343.0m | CN¥225.0m | CN¥47.0m | CN¥176.0m | CN¥453.0m | CN¥64.0m | −CN¥5.0m | CN¥246.0m |
| Capital spending | −CN¥84.0m | −CN¥148.0m | −CN¥98.0m | −CN¥110.0m | −CN¥199.0m | −CN¥358.0m | −CN¥498.0m | −CN¥806.0m |
| Free cash flow | CN¥259.0m | CN¥77.0m | −CN¥51.0m | CN¥66.0m | CN¥254.0m | −CN¥294.0m | −CN¥503.0m | −CN¥560.0m |
| Total assets | CN¥6.59bn | CN¥9.08bn | CN¥10.53bn | CN¥9.59bn | CN¥10.06bn | CN¥10.72bn | CN¥10.08bn | CN¥9.60bn |
| Cash and short-term investments | CN¥541.0m | CN¥601.7m | CN¥647.4m | CN¥620.1m | CN¥889.0m | CN¥1.76bn | CN¥677.2m | CN¥781.4m |
| Debt | CN¥2.19bn | CN¥2.84bn | CN¥3.25bn | CN¥2.88bn | CN¥3.02bn | CN¥3.47bn | CN¥3.28bn | CN¥2.77bn |
| Shareholders' equity | CN¥1.50bn | CN¥2.59bn | CN¥2.99bn | CN¥2.67bn | CN¥2.83bn | CN¥2.96bn | CN¥3.00bn | CN¥3.00bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | 4.9% | 13.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.1% | 4.9% | 7.4% | 10.0% |
| Operating margin | -5.1% | -0.6% | 2.4% | 5.8% |
| Net margin | -4.6% | -1.1% | 0.9% | 3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -1.1 | 33.5 | 3.9 | 4.7 | 2.7 | 2.7 | 2.3 | 2.2 |
| Price to sales | 0.1 | 0.0 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Sept 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.111 | 0.06 | 0.123 | 0.334 | 0.115 | 0.059 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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