L 
2.28
-0.87%
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¥862.5m
FY2019FY2025
Net income
CN¥31.2m
FY2019FY2025
Free cash flow
−CN¥304.3m
FY2019FY2025
Shareholders' equity
CN¥2.36bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥862.5m | CN¥557.3m | CN¥1.04bn | CN¥807.1m | CN¥1.06bn | CN¥1.21bn | CN¥1.52bn |
| Gross profit | CN¥229.6m | CN¥92.1m | CN¥408.5m | CN¥317.2m | CN¥474.2m | CN¥462.9m | CN¥340.0m |
| Operating income | CN¥42.1m | −CN¥180.1m | CN¥244.1m | CN¥89.1m | CN¥298.8m | CN¥293.9m | CN¥191.9m |
| Net income | CN¥31.2m | −CN¥160.4m | CN¥181.2m | −CN¥620.9m | CN¥51.7m | CN¥42.5m | CN¥70.4m |
| Diluted earnings per share | 0.09 | -0.44 | 0.50 | -1.72 | 0.14 | 0.12 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.18bn | CN¥3.22bn | CN¥3.57bn | CN¥3.28bn | CN¥2.96bn | CN¥2.16bn | CN¥2.55bn |
| Cash and short-term investments | — | CN¥1.64bn | CN¥1.97bn | CN¥1.70bn | CN¥1.15bn | CN¥674.8m | CN¥673.4m |
| Total liabilities | CN¥832.8m | CN¥904.0m | CN¥993.0m | CN¥891.8m | CN¥4.29bn | CN¥2.95bn | CN¥3.32bn |
| Debt | — | CN¥94.1m | CN¥51.7m | CN¥29.5m | CN¥11.8m | CN¥8.4m | CN¥28.2m |
| Shareholders' equity | CN¥2.36bn | CN¥2.31bn | CN¥2.57bn | CN¥2.39bn | −CN¥1.32bn | −CN¥798.7m | −CN¥768.6m |
| Shares outstanding | 362m | 361m | 360m | 360m | 362m | 362m | 362m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥303.0m | −CN¥251.0m | CN¥353.9m | −CN¥199.0m | CN¥436.1m | CN¥443.8m | CN¥164.0m |
| Capital spending | −CN¥1.3m | −CN¥10.6m | −CN¥5.7m | −CN¥15.5m | −CN¥7.4m | −CN¥999,200 | −CN¥860,092 |
| Free cash flow | −CN¥304.3m | −CN¥261.5m | CN¥348.2m | −CN¥214.4m | CN¥428.7m | CN¥442.8m | CN¥163.2m |
| Dividends paid | — | −CN¥78.6m | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥461.2m | CN¥401.3m | CN¥394.0m | CN¥163.3m | CN¥678.2m | CN¥358.1m | CN¥807.1m | CN¥8.1m |
| Gross profit | CN¥128.7m | CN¥101.0m | CN¥55.5m | CN¥36.5m | CN¥230.5m | CN¥178.0m | CN¥317.2m | CN¥5.1m |
| Operating income | CN¥26.8m | CN¥15.4m | −CN¥141.7m | −CN¥38.4m | CN¥101.2m | CN¥142.9m | CN¥89.1m | CN¥2.0m |
| Net income | CN¥20.4m | CN¥10.8m | −CN¥115.8m | −CN¥44.6m | CN¥70.1m | CN¥111.1m | −CN¥620.9m | −CN¥53.5m |
| Diluted earnings per share | 0.06 | 0.03 | -0.32 | -0.12 | 0.19 | 0.31 | -1.72 | -0.15 |
| Cash from operations | — | — | −CN¥212.0m | −CN¥111.0m | CN¥353.0m | CN¥162.0m | −CN¥168.0m | CN¥186.0m |
| Capital spending | — | — | −CN¥8.0m | −CN¥5.0m | −CN¥5.0m | −CN¥5.0m | −CN¥13.0m | −CN¥1.0m |
| Free cash flow | — | — | −CN¥220.0m | −CN¥116.0m | CN¥348.0m | CN¥157.0m | −CN¥181.0m | CN¥185.0m |
| Total assets | CN¥3.18bn | CN¥3.17bn | CN¥2.73bn | CN¥2.88bn | CN¥3.03bn | CN¥2.83bn | CN¥2.78bn | CN¥2.65bn |
| Cash and short-term investments | CN¥1.49bn | CN¥1.52bn | CN¥1.39bn | CN¥1.53bn | CN¥1.67bn | CN¥1.57bn | CN¥1.44bn | CN¥1.49bn |
| Debt | CN¥181.6m | CN¥153.6m | CN¥79.8m | CN¥37.8m | CN¥43.9m | CN¥40.7m | CN¥25.0m | CN¥30.2m |
| Shareholders' equity | CN¥2.36bn | CN¥2.34bn | CN¥1.96bn | CN¥2.08bn | CN¥2.18bn | CN¥2.15bn | CN¥2.03bn | −CN¥1.16bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.1% | -6.6% | — |
| Operating income | -22.2% | -32.2% | — |
| Net income | — | -6.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.7% | 32.1% | 35.9% | — |
| Operating margin | -9.7% | 6.0% | 14.2% | — |
| Net margin | -9.1% | -17.4% | -8.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 37.6 | -5.4 | 12.9 | -9.8 |
| Price to sales | 1.4 | 1.6 | 2.3 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.457 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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