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0.04
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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¥48.7m
FY2016FY2025
Net income
−CN¥34.5m
FY2016FY2025
Free cash flow
−CN¥5.6m
FY2016FY2025
Shareholders' equity
−CN¥74.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥48.7m | CN¥114.3m | CN¥123.9m | CN¥183.9m | CN¥249.7m | CN¥312.0m | CN¥303.2m | CN¥341.0m | CN¥398.3m | CN¥652.0m |
| Research and development | CN¥11.7m | CN¥15.6m | CN¥21.2m | CN¥13.3m | CN¥31.1m | CN¥43.6m | CN¥27.9m | CN¥30.5m | CN¥31.0m | CN¥50.3m |
| Operating income | −CN¥20.0m | −CN¥27.2m | −CN¥93.5m | −CN¥51.1m | −CN¥93.8m | −CN¥112.4m | −CN¥171.4m | −CN¥127.3m | −CN¥179.1m | CN¥35.4m |
| Net income | −CN¥34.5m | −CN¥23.8m | −CN¥125.2m | −CN¥94.3m | −CN¥148.3m | −CN¥69.1m | −CN¥172.7m | −CN¥168.7m | −CN¥90.3m | CN¥338.7m |
| Diluted earnings per share | -0.06 | -0.04 | -0.20 | -0.15 | -0.24 | -0.11 | -0.28 | -0.27 | -0.15 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥283.6m | CN¥413.7m | CN¥522.5m | CN¥547.3m | CN¥653.0m | CN¥848.2m | CN¥937.7m | CN¥1.17bn | CN¥1.31bn | CN¥1.30bn |
| Cash and short-term investments | CN¥79.7m | CN¥170.7m | CN¥152.7m | CN¥199.0m | CN¥33.2m | CN¥125.6m | CN¥115.2m | CN¥137.4m | CN¥298.3m | CN¥159.6m |
| Total liabilities | CN¥357.8m | CN¥449.7m | CN¥529.2m | CN¥405.1m | CN¥414.0m | CN¥501.9m | CN¥511.4m | CN¥571.6m | CN¥559.1m | CN¥510.5m |
| Debt | CN¥124.3m | CN¥178.4m | CN¥197.2m | CN¥165.3m | CN¥140.0m | CN¥232.6m | CN¥234.9m | CN¥203.0m | CN¥216.6m | CN¥278.0m |
| Shareholders' equity | −CN¥74.2m | −CN¥39.1m | −CN¥12.4m | CN¥135.3m | CN¥234.1m | CN¥343.1m | CN¥425.2m | CN¥591.7m | CN¥751.3m | CN¥794.2m |
| Shares outstanding | 618m | 618m | 618m | 618m | 618m | 618m | 618m | 618m | 618m | 618m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥5.5m | CN¥51.1m | −CN¥92.8m | −CN¥1.0m | CN¥23.7m | CN¥32.0m | −CN¥88.6m | CN¥53.0m | CN¥57.6m | −CN¥25.3m |
| Capital spending | −CN¥69,000 | −CN¥189,348 | −CN¥2.4m | −CN¥2.5m | −CN¥40.9m | −CN¥10.7m | −CN¥36.4m | −CN¥54.2m | −CN¥42.3m | −CN¥7.7m |
| Free cash flow | −CN¥5.6m | CN¥50.9m | −CN¥95.2m | −CN¥3.5m | −CN¥17.2m | CN¥21.3m | −CN¥125.0m | −CN¥1.2m | CN¥15.3m | −CN¥33.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥43.9m | CN¥22.5m | CN¥2.8m | CN¥2.8m | CN¥28.6m | CN¥33.6m | CN¥28.6m | CN¥33.7m |
| Operating income | CN¥5.6m | CN¥3.2m | −CN¥13.6m | −CN¥13.6m | −CN¥1.8m | −CN¥2.1m | −CN¥16.0m | −CN¥18.9m |
| Net income | −CN¥2.3m | −CN¥1.2m | −CN¥16.7m | −CN¥16.7m | CN¥13.8m | CN¥7.5m | −CN¥18.3m | −CN¥21.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.03 | -0.03 | 0.02 | 0.01 | -0.03 | -0.03 |
| Cash from operations | −CN¥16.0m | −CN¥6.0m | CN¥6.0m | CN¥3.0m | CN¥41.0m | CN¥23.0m | CN¥10.0m | CN¥6.0m |
| Total assets | CN¥283.6m | CN¥284.6m | CN¥373.7m | CN¥373.7m | CN¥413.7m | CN¥413.7m | CN¥478.0m | CN¥478.0m |
| Cash and short-term investments | CN¥79.7m | CN¥117.6m | CN¥143.3m | CN¥170.3m | CN¥170.7m | CN¥170.7m | CN¥151.9m | CN¥173.3m |
| Debt | CN¥124.3m | CN¥138.1m | CN¥118.5m | CN¥150.3m | CN¥191.4m | CN¥191.4m | CN¥214.1m | CN¥271.4m |
| Shareholders' equity | −CN¥74.2m | −CN¥74.4m | −CN¥73.0m | −CN¥73.2m | −CN¥39.1m | −CN¥39.1m | −CN¥56.3m | −CN¥56.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.8% | -31.0% | -22.3% |
| Operating income | -26.9% | -29.2% | — |
| Net income | -28.5% | -13.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -28.9% | -40.7% | -38.5% | -24.5% |
| Net margin | -35.8% | -59.0% | -47.9% | -14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -0.5 | -0.1 | -0.1 | -0.1 | -0.1 | -0.0 | -0.1 | -1.2 | 0.4 |
| Price to sales | 0.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.3 | 0.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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