T 
2.82
+6.82%
Close of 9 Nov 2026, in USD
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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¥107.9m
FY2016FY2025
Net income
−CN¥402.4m
FY2016FY2025
Free cash flow
−CN¥32.3m
FY2016FY2025
Shareholders' equity
CN¥263.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥107.9m | CN¥113.3m | CN¥174.0m | CN¥104.9m | CN¥134.1m | CN¥625,488 | CN¥340,570 | CN¥18.1m | CN¥71.3m | CN¥58.8m |
| Research and development | CN¥9.8m | CN¥868,126 | CN¥2.0m | CN¥2.4m | CN¥1.9m | CN¥2.3m | CN¥12.1m | CN¥25.5m | CN¥44.0m | CN¥81.6m |
| Operating income | −CN¥385.0m | −CN¥162.8m | −CN¥239.6m | −CN¥462.6m | −CN¥292.3m | −CN¥112.0m | −CN¥129.7m | −CN¥120.0m | −CN¥110.8m | −CN¥230.8m |
| Net income | −CN¥402.4m | −CN¥74.5m | −CN¥138.8m | −CN¥974.9m | −CN¥405.9m | CN¥397.9m | −CN¥190.1m | −CN¥268.1m | −CN¥170.9m | −CN¥707.8m |
| Diluted earnings per share | -0.09 | -0.02 | -0.10 | -1.13 | -0.68 | 564.85 | -1.48 | -2.46 | -11.94 | -17.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥594.1m | CN¥636.6m | CN¥363.7m | CN¥599.1m | CN¥1.31bn | CN¥48.4m | CN¥181.5m | CN¥164.7m | CN¥323.1m | CN¥350.9m |
| Cash and short-term investments | CN¥310.9m | CN¥10.9m | CN¥45.2m | CN¥58.1m | CN¥429.2m | CN¥31.7m | CN¥10.1m | CN¥4.3m | CN¥142.6m | CN¥38.9m |
| Total liabilities | CN¥351.4m | CN¥209.1m | CN¥182.4m | CN¥571.6m | CN¥546.9m | CN¥715.9m | CN¥1.41bn | CN¥1.25bn | CN¥1.13bn | CN¥806.2m |
| Debt | CN¥234.8m | CN¥136.6m | CN¥75.1m | CN¥74.2m | CN¥99.7m | CN¥26.9m | CN¥604.5m | CN¥487.7m | CN¥369.3m | CN¥339.9m |
| Shareholders' equity | CN¥263.7m | CN¥441.3m | CN¥206.3m | CN¥45.3m | CN¥776.5m | −CN¥287.7m | −CN¥839.0m | −CN¥711.6m | −CN¥473.8m | −CN¥455.3m |
| Shares outstanding | 4,568m | 3,739m | 1,405m | 861m | 595m | 1m | 129m | 109m | 14m | 41m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥30.9m | −CN¥44.2m | −CN¥46.3m | −CN¥154.7m | −CN¥687.7m | −CN¥106.3m | −CN¥54.2m | −CN¥101.2m | −CN¥86.7m | −CN¥181.0m |
| Capital spending | −CN¥1.4m | −CN¥18.0m | −CN¥2.1m | −CN¥253.6m | −CN¥92.0m | −CN¥359,573 | −CN¥796,921 | −CN¥226,717 | −CN¥454,560 | −CN¥8.3m |
| Free cash flow | −CN¥32.3m | −CN¥62.2m | −CN¥48.4m | −CN¥408.4m | −CN¥779.7m | −CN¥106.6m | −CN¥55.0m | −CN¥101.4m | −CN¥87.1m | −CN¥189.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥17.7m | CN¥45.0m | CN¥61.3m | CN¥20.0m | CN¥20.0m | CN¥92.7m | CN¥82.0m | CN¥82.0m |
| Operating income | −CN¥158.9m | — | −CN¥68.3m | −CN¥109.5m | −CN¥36.0m | −CN¥53.2m | −CN¥37.3m | −CN¥98.2m |
| Net income | CN¥377.7m | −CN¥334.4m | −CN¥68.0m | −CN¥74.9m | −CN¥74.0m | CN¥227,593 | CN¥289.8m | CN¥290.0m |
| Diluted earnings per share | 35.79 | -31.69 | -0.01 | -0.02 | -0.05 | 0.00 | 0.08 | 0.25 |
| Cash from operations | CN¥5.0m | −CN¥31.0m | CN¥7.0m | −CN¥6.0m | — | — | — | — |
| Capital spending | — | −CN¥1.0m | — | −CN¥18.0m | — | — | — | — |
| Free cash flow | — | −CN¥32.0m | — | −CN¥24.0m | — | — | — | — |
| Total assets | CN¥993.1m | CN¥594.1m | CN¥713.3m | CN¥636.6m | CN¥636.6m | CN¥667.8m | CN¥363.7m | CN¥363.7m |
| Cash and short-term investments | CN¥12.7m | CN¥310.9m | CN¥36.1m | CN¥10.9m | — | CN¥14.2m | CN¥45.2m | — |
| Debt | CN¥206.5m | CN¥226.8m | CN¥160.0m | CN¥135.0m | — | CN¥122.8m | CN¥55.6m | CN¥16.7m |
| Shareholders' equity | CN¥603.8m | CN¥263.7m | CN¥480.1m | CN¥441.3m | CN¥441.3m | CN¥463.9m | CN¥206.3m | CN¥206.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | 180.1% | 8.5% |
| Operating income | -5.9% | 28.0% | 1.5% |
| Net income | -25.5% | — | 0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -247.6% | -249.9% | -260.6% | -309.8% |
| Net margin | -215.6% | -318.0% | -251.8% | -400.9% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -506.2 |
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | -50% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jan 2009.
| FY2009 | |
|---|---|
| Paid in the year | 333.00 |
- 10-to-1 reverse split · 2 Oct 2023
- 10-to-1 reverse split · 19 Oct 2020
- 3-to-1 reverse split · 9 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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