C 
0.14
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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¥256.2m
FY2017FY2025
Net income
−CN¥107.2m
FY2017FY2025
Free cash flow
−CN¥5.4m
FY2017FY2025
Shareholders' equity
−CN¥98.7m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥256.2m | CN¥220.1m | CN¥209.9m | CN¥650.0m | CN¥466.9m | CN¥444.4m | CN¥588.0m | CN¥552.7m | CN¥262.3m |
| Gross profit | −CN¥1.5m | CN¥897,139 | CN¥318,201 | −CN¥13.4m | CN¥5.2m | CN¥31.3m | CN¥46.2m | CN¥38.4m | CN¥14.4m |
| Research and development | — | CN¥83,195 | — | CN¥693,867 | CN¥922,012 | CN¥1.1m | CN¥1.2m | CN¥803,000 | CN¥850,000 |
| Operating income | −CN¥104.0m | −CN¥61.3m | −CN¥44.6m | −CN¥40.1m | −CN¥17.5m | CN¥9.8m | CN¥30.7m | CN¥22.7m | CN¥5.8m |
| Net income | −CN¥107.2m | −CN¥50.5m | −CN¥51.5m | −CN¥18.5m | −CN¥21.6m | CN¥1.6m | CN¥22.8m | CN¥17.5m | CN¥2.2m |
| Diluted earnings per share | -0.65 | -0.48 | -0.56 | -0.20 | -0.24 | 0.02 | 0.38 | 0.09 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥129.4m | CN¥234.0m | CN¥307.8m | CN¥336.6m | CN¥469.8m | CN¥349.1m | CN¥286.7m | CN¥268.6m | CN¥191.8m |
| Cash and short-term investments | CN¥257,109 | CN¥11.5m | CN¥1.3m | CN¥748,759 | CN¥7.9m | CN¥12.1m | CN¥2.3m | CN¥1.6m | CN¥4.9m |
| Total liabilities | CN¥229.6m | CN¥223.3m | CN¥247.3m | CN¥220.4m | CN¥308.7m | CN¥172.9m | CN¥167.2m | CN¥181.2m | CN¥133.8m |
| Debt | CN¥57.4m | CN¥73.7m | CN¥76.0m | CN¥100.4m | CN¥170.7m | CN¥104.9m | CN¥85.5m | CN¥93.2m | CN¥71.6m |
| Shareholders' equity | −CN¥98.7m | −CN¥110,641 | CN¥41.7m | CN¥95.9m | CN¥133.3m | CN¥151.0m | CN¥95.9m | CN¥87.5m | CN¥58.0m |
| Shares outstanding | 166m | 106m | 92m | 92m | 92m | 80m | 60m | 187m | 187m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥6.2m | CN¥3.1m | CN¥17.8m | CN¥48.0m | −CN¥24.2m | −CN¥9.4m | CN¥19.3m | −CN¥21.7m | CN¥12.4m |
| Capital spending | −CN¥11.6m | −CN¥9.1m | −CN¥35.7m | −CN¥9.5m | −CN¥9.9m | −CN¥10.9m | −CN¥10.4m | −CN¥10.1m | −CN¥27.9m |
| Free cash flow | −CN¥5.4m | −CN¥6.0m | −CN¥17.9m | CN¥38.5m | −CN¥34.1m | −CN¥20.3m | CN¥8.9m | −CN¥31.8m | −CN¥15.5m |
| Dividends paid | — | — | — | — | — | — | −CN¥2.3m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥85.0m | CN¥43.1m | CN¥44.0m | CN¥44.0m | CN¥84.1m | CN¥84.1m | CN¥71.7m | CN¥83.6m |
| Gross profit | −CN¥2.1m | −CN¥1.1m | −CN¥1.1m | −CN¥1.1m | CN¥331,000 | CN¥331,000 | −CN¥17,154 | −CN¥20,000 |
| Operating income | −CN¥8.7m | −CN¥4.4m | −CN¥48.5m | −CN¥45.3m | −CN¥7.0m | −CN¥7.0m | −CN¥24.1m | −CN¥28.1m |
| Net income | −CN¥6.8m | −CN¥3.4m | −CN¥46.1m | −CN¥46.1m | −CN¥7.5m | −CN¥7.5m | −CN¥20.4m | −CN¥23.8m |
| Diluted earnings per share | -0.04 | -0.02 | -0.28 | -0.28 | -0.05 | -0.05 | -0.19 | -0.22 |
| Cash from operations | −CN¥6.0m | −CN¥3.0m | CN¥5.0m | CN¥4.0m | — | — | −CN¥8.0m | −CN¥2.0m |
| Capital spending | — | — | −CN¥8.0m | −CN¥4.0m | −CN¥1.0m | −CN¥1.0m | −CN¥3.0m | −CN¥4.0m |
| Free cash flow | — | — | −CN¥3.0m | CN¥0 | — | — | −CN¥11.0m | −CN¥6.0m |
| Total assets | CN¥107.1m | CN¥107.2m | CN¥129.4m | CN¥129.4m | CN¥228.2m | CN¥228.2m | CN¥234.0m | CN¥272.8m |
| Cash and short-term investments | CN¥268,950 | CN¥258,000 | CN¥257,109 | CN¥273,000 | CN¥2.4m | CN¥2.4m | CN¥11.5m | CN¥13.5m |
| Debt | CN¥46.1m | CN¥52.3m | CN¥57.4m | CN¥48.1m | CN¥78.2m | CN¥57.1m | CN¥73.7m | CN¥57.5m |
| Shareholders' equity | −CN¥106.1m | −CN¥106.1m | −CN¥98.7m | −CN¥98.6m | −CN¥10.5m | −CN¥10.5m | −CN¥110,641 | −CN¥129,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.6% | -11.3% | — |
| Operating income | 37.5% | — | — |
| Net income | 79.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -0.1% | -1.0% | 1.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.2 | -0.6 | -2.2 | -2.8 | 31.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 10 Jul 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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