Z 
0.59
+1.72%
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¥78.5m
FY2016FY2025
Net income
−CN¥23.5m
FY2016FY2025
Free cash flow
CN¥76.2m
FY2016FY2025
Shareholders' equity
CN¥161.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥78.5m | CN¥75.8m | CN¥186.7m | CN¥170.5m | CN¥357.6m | CN¥243.7m | CN¥344.8m | CN¥321.3m | CN¥302.4m | CN¥372.3m |
| Gross profit | CN¥7.7m | CN¥3.0m | −CN¥6.8m | −CN¥6.8m | −CN¥6.0m | −CN¥4.1m | CN¥117.2m | CN¥172.3m | CN¥126.0m | CN¥170.2m |
| Operating income | −CN¥27.8m | −CN¥32.7m | −CN¥1.9m | −CN¥2.9m | −CN¥177.9m | −CN¥145.3m | CN¥85.9m | CN¥127.2m | CN¥78.4m | CN¥137.2m |
| Net income | −CN¥23.5m | −CN¥41.7m | −CN¥6.7m | −CN¥4.5m | −CN¥162.6m | −CN¥131.0m | CN¥44.2m | CN¥82.9m | CN¥42.4m | CN¥95.0m |
| Diluted earnings per share | -0.04 | -0.09 | -0.01 | -0.01 | -0.36 | -0.29 | 0.10 | 0.18 | 0.09 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥327.6m | CN¥345.2m | CN¥297.2m | CN¥294.7m | CN¥305.1m | CN¥595.0m | CN¥618.7m | CN¥680.0m | CN¥486.1m | CN¥343.2m |
| Cash and short-term investments | CN¥111.9m | CN¥58.7m | CN¥167.1m | CN¥32.9m | CN¥51.7m | CN¥85.5m | CN¥19.6m | CN¥206.0m | CN¥95.6m | CN¥102.8m |
| Total liabilities | CN¥134.3m | CN¥198.5m | CN¥178.9m | CN¥173.2m | CN¥182.1m | CN¥240.5m | CN¥132.2m | CN¥254.2m | CN¥191.4m | CN¥117.3m |
| Debt | CN¥23.9m | CN¥45.0m | CN¥80.9m | CN¥74.8m | CN¥71.9m | CN¥103.4m | CN¥4.2m | — | CN¥3.2m | CN¥2.7m |
| Shareholders' equity | CN¥161.7m | CN¥116.2m | CN¥89.1m | CN¥93.3m | CN¥97.8m | CN¥302.6m | CN¥422.1m | CN¥369.3m | CN¥269.5m | CN¥209.0m |
| Shares outstanding | 580m | 461m | 458m | 458m | 453m | 451m | 451m | 451m | 451m | 451m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥79.9m | −CN¥110.3m | CN¥163.2m | −CN¥15.4m | −CN¥9.2m | −CN¥24.9m | −CN¥186.2m | CN¥187.2m | −CN¥9.8m | −CN¥23.3m |
| Capital spending | −CN¥3.7m | −CN¥626,512 | −CN¥452,000 | −CN¥49,305 | −CN¥10.0m | −CN¥677,000 | −CN¥213,000 | −CN¥1.6m | −CN¥960,000 | −CN¥811,000 |
| Free cash flow | CN¥76.2m | −CN¥110.9m | CN¥162.8m | −CN¥15.5m | −CN¥19.2m | −CN¥25.6m | −CN¥186.4m | CN¥185.6m | −CN¥10.7m | −CN¥24.1m |
| Dividends paid | — | — | — | — | — | — | −CN¥15.5m | −CN¥15.5m | −CN¥15.5m | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥70.3m | CN¥36.0m | CN¥6.5m | CN¥3.3m | CN¥27.5m | CN¥10.7m | CN¥12.6m | CN¥27.2m |
| Gross profit | CN¥6.0m | CN¥3.1m | CN¥1.5m | CN¥746,000 | CN¥1.1m | CN¥389,338 | CN¥458,000 | CN¥1.1m |
| Operating income | −CN¥17.0m | −CN¥6.9m | −CN¥14.6m | −CN¥7.0m | −CN¥10.9m | −CN¥16.6m | −CN¥19.6m | CN¥265,651 |
| Net income | −CN¥9.8m | −CN¥5.0m | −CN¥13.4m | −CN¥6.7m | −CN¥9.9m | −CN¥16.4m | −CN¥19.3m | −CN¥4.4m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.01 | -0.02 | -0.04 | -0.04 | -0.01 |
| Cash from operations | CN¥83.0m | CN¥42.0m | −CN¥5.0m | −CN¥2.0m | −CN¥141.0m | — | — | −CN¥65.0m |
| Capital spending | −CN¥2.0m | −CN¥1.0m | — | — | — | — | — | — |
| Free cash flow | CN¥81.0m | CN¥41.0m | — | — | — | — | — | — |
| Total assets | CN¥326.5m | CN¥327.6m | CN¥326.7m | CN¥326.7m | CN¥291.5m | CN¥345.2m | CN¥406.0m | CN¥365.5m |
| Cash and short-term investments | CN¥111.5m | CN¥111.9m | CN¥10.5m | CN¥10.6m | CN¥9.4m | CN¥58.7m | CN¥69.2m | CN¥58.8m |
| Debt | CN¥22.8m | CN¥22.9m | CN¥35.8m | CN¥35.2m | CN¥46.7m | CN¥45.0m | CN¥51.3m | CN¥88.2m |
| Shareholders' equity | CN¥161.1m | CN¥161.7m | CN¥137.2m | CN¥137.2m | CN¥106.3m | CN¥116.2m | CN¥136.7m | CN¥108.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.8% | -20.3% | -7.0% |
| Operating income | 111.2% | -28.2% | — |
| Net income | 74.0% | -29.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.9% | -0.6% | -1.2% | 24.0% |
| Operating margin | -39.2% | -12.8% | -34.9% | 2.4% |
| Net margin | -42.3% | -14.9% | -33.3% | -3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -1.7 | -9.5 | -15.9 | -0.5 | -0.8 | 2.6 | 1.4 | 2.9 | 1.7 |
| Price to sales | 0.5 | 0.9 | 0.3 | 0.4 | 0.2 | 0.5 | 0.3 | 0.4 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Jul 2019.
| FY2019 | |
|---|---|
| Paid in the year | 0.005 |
- 8-to-1 reverse split · 24 Feb 2026
- 8-for-1 split · 20 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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