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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¥97.8m
FY2016FY2025
Net income
−CN¥112.9m
FY2016FY2025
Free cash flow
−CN¥73.8m
FY2016FY2025
Shareholders' equity
CN¥490.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥97.8m | CN¥64.4m | CN¥75.7m | CN¥74.8m | CN¥107.8m | CN¥122.0m | CN¥243.3m | CN¥203.7m | CN¥116.7m | CN¥142.0m |
| Gross profit | CN¥4.4m | CN¥6.7m | CN¥7.3m | CN¥14.0m | CN¥21.8m | CN¥26.4m | CN¥60.3m | CN¥47.8m | CN¥25.1m | CN¥33.2m |
| Research and development | CN¥37.9m | CN¥22.2m | CN¥20.2m | CN¥24.6m | CN¥14.1m | CN¥8.3m | CN¥14.0m | CN¥10.0m | CN¥1.2m | CN¥1.0m |
| Operating income | −CN¥165.3m | −CN¥151.6m | −CN¥130.3m | −CN¥110.9m | −CN¥381.7m | CN¥7.2m | CN¥23.5m | CN¥29.0m | CN¥13.5m | CN¥13.7m |
| Net income | −CN¥112.9m | −CN¥134.1m | −CN¥128.9m | −CN¥86.6m | −CN¥382.0m | CN¥4.6m | CN¥17.3m | CN¥23.9m | CN¥12.8m | CN¥5.9m |
| Diluted earnings per share | -0.10 | -0.16 | -0.19 | -0.15 | -0.70 | 0.01 | 0.04 | 0.06 | 0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥558.3m | CN¥538.3m | CN¥653.9m | CN¥614.1m | CN¥569.3m | CN¥220.6m | CN¥246.1m | CN¥198.9m | CN¥144.9m | CN¥176.7m |
| Cash and short-term investments | CN¥48.1m | CN¥37.1m | CN¥71.6m | CN¥66.4m | CN¥118.9m | CN¥11.4m | CN¥43.5m | CN¥56.7m | CN¥15.8m | CN¥577,000 |
| Total liabilities | CN¥53.3m | CN¥44.3m | CN¥37.9m | CN¥92.6m | CN¥48.3m | CN¥48.4m | CN¥78.5m | CN¥48.7m | CN¥19.3m | CN¥62.1m |
| Debt | CN¥16.6m | CN¥14.2m | CN¥14.2m | CN¥51.2m | CN¥26.9m | CN¥15.2m | CN¥16.9m | CN¥6.9m | — | CN¥14.7m |
| Shareholders' equity | CN¥490.2m | CN¥462.4m | CN¥584.5m | CN¥507.6m | CN¥520.9m | CN¥172.2m | CN¥167.6m | CN¥150.2m | CN¥125.6m | CN¥114.6m |
| Shares outstanding | 1,079m | 841m | 689m | 574m | 545m | 400m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥28.9m | −CN¥59.6m | −CN¥19.8m | −CN¥81.1m | −CN¥51.2m | −CN¥21.9m | −CN¥14.1m | CN¥46.8m | −CN¥18.9m | −CN¥3.8m |
| Capital spending | −CN¥44.9m | −CN¥11.6m | −CN¥92.9m | −CN¥59.5m | −CN¥7.9m | −CN¥8.2m | −CN¥15.2m | −CN¥1.7m | −CN¥6.5m | −CN¥671,000 |
| Free cash flow | −CN¥73.8m | −CN¥71.2m | −CN¥112.7m | −CN¥140.6m | −CN¥59.2m | −CN¥30.1m | −CN¥29.3m | CN¥45.1m | −CN¥25.4m | −CN¥4.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥51.7m | CN¥64.7m | CN¥33.1m | CN¥35.1m | CN¥29.3m | CN¥17.1m | CN¥36.5m | CN¥21.3m |
| Gross profit | CN¥2.8m | CN¥1.2m | CN¥3.2m | CN¥4.3m | CN¥2.3m | CN¥1.4m | CN¥4.7m | CN¥2.7m |
| Operating income | −CN¥38.9m | −CN¥77.7m | −CN¥87.6m | −CN¥89.1m | −CN¥62.6m | −CN¥36.6m | −CN¥45.8m | −CN¥23.9m |
| Net income | −CN¥34.7m | −CN¥53.6m | −CN¥59.3m | −CN¥87.7m | −CN¥46.4m | −CN¥27.1m | −CN¥86.9m | −CN¥50.8m |
| Diluted earnings per share | -0.03 | -0.05 | -0.05 | -0.10 | -0.06 | -0.03 | -0.13 | -0.07 |
| Cash from operations | — | CN¥2.0m | −CN¥31.0m | −CN¥29.0m | −CN¥29.0m | −CN¥17.0m | CN¥1.0m | — |
| Capital spending | — | −CN¥32.0m | −CN¥11.0m | −CN¥3.0m | −CN¥7.0m | −CN¥4.0m | −CN¥50.0m | −CN¥29.0m |
| Free cash flow | — | −CN¥30.0m | −CN¥42.0m | −CN¥32.0m | −CN¥36.0m | −CN¥21.0m | −CN¥49.0m | — |
| Total assets | CN¥553.0m | CN¥558.3m | CN¥581.3m | CN¥538.3m | CN¥595.9m | CN¥697.1m | CN¥653.9m | CN¥764.9m |
| Cash and short-term investments | CN¥7.2m | CN¥48.1m | CN¥77.9m | CN¥37.1m | CN¥48.1m | CN¥56.3m | CN¥71.6m | CN¥83.7m |
| Debt | CN¥21.3m | CN¥16.6m | CN¥18.2m | CN¥14.2m | CN¥13.7m | CN¥11.9m | CN¥14.2m | CN¥11.8m |
| Shareholders' equity | CN¥423.2m | CN¥490.2m | CN¥502.7m | CN¥462.4m | CN¥510.9m | CN¥597.6m | CN¥584.5m | CN¥683.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.3% | -4.3% | -1.9% |
| Operating income | 14.2% | — | — |
| Net income | 9.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.8% | 10.4% | 14.9% | 20.1% |
| Operating margin | -195.5% | -178.5% | -171.9% | -61.4% |
| Net margin | -152.3% | -147.9% | -154.8% | -56.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -3.6 | -1.6 | -9.8 | -5.2 | 24.2 | 7.9 | 6.0 | 12.5 | 29.6 |
| Price to sales | 4.4 | 7.6 | 2.7 | 11.4 | 18.4 | 0.9 | 0.6 | 0.7 | 1.4 | 1.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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