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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¥41.4m
FY2016FY2025
Net income
−CN¥10.3m
FY2016FY2025
Free cash flow
−CN¥113.3m
FY2016FY2025
Shareholders' equity
CN¥221.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥41.4m | CN¥125.0m | CN¥116.0m | CN¥60.8m | CN¥85.9m | CN¥211.9m | CN¥226.0m | CN¥457.8m | CN¥494.7m | CN¥658.4m |
| Gross profit | CN¥8.4m | CN¥18.3m | CN¥29.4m | CN¥17.9m | CN¥25.3m | CN¥49.2m | CN¥71.1m | CN¥171.4m | CN¥200.1m | CN¥290.6m |
| Research and development | CN¥4.9m | CN¥15.0m | CN¥18.9m | CN¥19.7m | CN¥19.2m | CN¥16.8m | CN¥27.0m | CN¥67.9m | CN¥132.4m | CN¥139.5m |
| Operating income | −CN¥8.6m | −CN¥26.7m | −CN¥18.3m | −CN¥48.9m | −CN¥78.6m | −CN¥40.5m | −CN¥77.7m | −CN¥77.0m | −CN¥224.7m | −CN¥116.5m |
| Net income | −CN¥10.3m | −CN¥24.9m | −CN¥14.9m | −CN¥51.9m | −CN¥75.3m | −CN¥34.5m | −CN¥108.7m | −CN¥166.9m | −CN¥294.1m | −CN¥157.4m |
| Diluted earnings per share | -0.03 | -0.07 | -0.04 | -0.15 | -0.22 | -0.10 | -0.31 | -0.48 | -0.84 | -0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥312.4m | CN¥270.1m | CN¥274.4m | CN¥364.8m | CN¥448.9m | CN¥572.4m | CN¥765.4m | CN¥895.7m | CN¥1.03bn | CN¥1.39bn |
| Cash and short-term investments | CN¥70.1m | CN¥76.9m | CN¥90.8m | CN¥148.5m | CN¥195.7m | CN¥176.0m | CN¥237.4m | CN¥296.5m | CN¥379.5m | CN¥668.7m |
| Total liabilities | CN¥93.1m | CN¥69.6m | CN¥62.4m | CN¥102.4m | CN¥144.9m | CN¥178.7m | CN¥314.8m | CN¥347.4m | CN¥358.4m | CN¥382.1m |
| Debt | CN¥5.0m | — | CN¥552,129 | CN¥3.4m | CN¥54.6m | CN¥106.3m | CN¥199.4m | CN¥204.5m | CN¥136.7m | CN¥100.0m |
| Shareholders' equity | CN¥221.9m | CN¥200.9m | CN¥211.6m | CN¥262.4m | CN¥303.5m | CN¥384.4m | CN¥436.2m | CN¥539.0m | CN¥672.4m | CN¥1.01bn |
| Shares outstanding | 360m | 353m | 350m | 349m | 349m | 348m | 348m | 348m | 348m | 348m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥16.3m | CN¥11.3m | −CN¥19.1m | −CN¥16.6m | CN¥38.5m | CN¥12.7m | −CN¥9.1m | −CN¥68.6m | −CN¥137.8m | −CN¥92.1m |
| Capital spending | −CN¥97.0m | −CN¥56.8m | −CN¥21.6m | −CN¥48.9m | −CN¥14.1m | −CN¥68.3m | −CN¥38.6m | −CN¥19.5m | −CN¥76.4m | −CN¥25.2m |
| Free cash flow | −CN¥113.3m | −CN¥45.6m | −CN¥40.6m | −CN¥65.5m | CN¥24.4m | −CN¥55.5m | −CN¥47.7m | −CN¥88.1m | −CN¥214.1m | −CN¥117.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.8m | CN¥6.8m | CN¥6.4m | CN¥6.4m | CN¥14.3m | CN¥14.3m | CN¥37.3m | CN¥43.6m |
| Gross profit | CN¥1.1m | CN¥1.1m | CN¥1.5m | CN¥1.5m | CN¥2.7m | CN¥2.7m | CN¥2.9m | CN¥3.4m |
| Operating income | −CN¥20.4m | −CN¥20.4m | −CN¥7.1m | −CN¥7.1m | CN¥2.8m | CN¥2.8m | −CN¥7.5m | −CN¥8.7m |
| Net income | −CN¥24.0m | −CN¥24.0m | −CN¥10.9m | −CN¥10.9m | CN¥5.7m | CN¥5.7m | −CN¥7.0m | −CN¥8.1m |
| Diluted earnings per share | -0.07 | -0.07 | -0.03 | -0.03 | 0.02 | 0.02 | -0.02 | -0.02 |
| Cash from operations | −CN¥4.0m | −CN¥4.0m | CN¥1.0m | CN¥1.0m | −CN¥9.0m | −CN¥9.0m | −CN¥27.0m | −CN¥16.0m |
| Capital spending | — | — | — | — | — | — | −CN¥3.0m | −CN¥4.0m |
| Free cash flow | — | — | — | — | — | — | −CN¥30.0m | −CN¥20.0m |
| Total assets | CN¥258.4m | CN¥258.4m | CN¥312.4m | CN¥312.2m | CN¥325.9m | CN¥325.9m | CN¥270.1m | CN¥315.5m |
| Cash and short-term investments | CN¥45.3m | CN¥45.3m | CN¥70.1m | CN¥69.7m | CN¥77.8m | CN¥77.8m | CN¥76.9m | CN¥89.9m |
| Debt | CN¥2.4m | CN¥2.4m | CN¥5.0m | CN¥2.1m | — | — | — | — |
| Shareholders' equity | CN¥167.4m | CN¥167.4m | CN¥221.9m | CN¥221.8m | CN¥246.4m | CN¥246.4m | CN¥200.9m | CN¥234.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.1% | -27.9% | -22.7% |
| Operating income | -44.1% | -26.7% | -18.1% |
| Net income | -41.7% | -21.5% | -14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.1% | 21.6% | 23.2% | 36.4% |
| Operating margin | -21.2% | -29.9% | -34.6% | -25.8% |
| Net margin | -21.1% | -29.7% | -33.0% | -32.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.6 | -5.8 | -4.2 | -0.8 | -1.2 | -3.8 | -1.9 | -1.6 | -1.6 | -6.4 |
| Price to sales | 2.1 | 1.1 | 0.5 | 0.7 | 1.0 | 0.6 | 0.9 | 0.6 | 1.0 | 1.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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