U 
0.83
+2.06%
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¥1.50bn
FY2016FY2024
Net income
−CN¥204.0m
FY2016FY2024
Free cash flow
−CN¥199.2m
FY2016FY2024
Shareholders' equity
−CN¥293.0m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.50bn | CN¥1.38bn | CN¥2.06bn | CN¥657.4m | CN¥1.59bn | CN¥659.1m | CN¥1.95bn | CN¥824.5m |
| Research and development | — | CN¥37.7m | CN¥36.2m | CN¥74.1m | CN¥140.0m | CN¥124.5m | CN¥226.0m | CN¥167.8m |
| Operating income | −CN¥174.0m | −CN¥312.0m | −CN¥357.2m | −CN¥552.6m | −CN¥1.29bn | −CN¥2.49bn | −CN¥1.82bn | −CN¥1.25bn |
| Net income | −CN¥204.0m | −CN¥2.43bn | −CN¥893.0m | −CN¥421.2m | −CN¥1.99bn | −CN¥2.39bn | −CN¥3.77bn | −CN¥1.78bn |
| Diluted earnings per share | — | -1.11 | -0.66 | -38.26 | -224.30 | -499.42 | -430.15 | -202.43 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.09bn | CN¥2.09bn | — | CN¥1.25bn | CN¥5.38bn | CN¥5.38bn | CN¥7.35bn | CN¥5.30bn |
| Cash and short-term investments | CN¥23.0m | CN¥23.0m | — | CN¥128.0m | CN¥600.0m | CN¥600.0m | CN¥1.45bn | CN¥731.7m |
| Total liabilities | CN¥2.38bn | CN¥2.38bn | — | CN¥2.23bn | CN¥4.91bn | CN¥4.91bn | CN¥4.98bn | CN¥5.05bn |
| Debt | CN¥1.69bn | CN¥1.69bn | — | CN¥1.31bn | CN¥2.50bn | CN¥2.50bn | CN¥1.69bn | CN¥800.9m |
| Shareholders' equity | −CN¥293.0m | −CN¥293.0m | — | −CN¥983.4m | CN¥469.2m | CN¥469.2m | CN¥2.37bn | CN¥249.9m |
| Shares outstanding | 56,745m | 2,185m | 1,345m | 11m | 9m | 5m | 9m | 9m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥194.0m | −CN¥262.0m | −CN¥251.0m | −CN¥1.12bn | −CN¥1.19bn | −CN¥2.28bn | −CN¥1.83bn | −CN¥661.2m |
| Capital spending | −CN¥5.2m | −CN¥13.0m | −CN¥33.0m | −CN¥413,000 | −CN¥46.8m | −CN¥133.9m | −CN¥81.2m | −CN¥94.9m |
| Free cash flow | −CN¥199.2m | −CN¥275.0m | −CN¥284.0m | −CN¥1.12bn | −CN¥1.24bn | −CN¥2.42bn | −CN¥1.92bn | −CN¥756.1m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥658.0m | CN¥504.0m | CN¥597.0m | CN¥497.0m | CN¥401.0m | CN¥319.0m | CN¥410.0m | CN¥356.1m |
| Operating income | −CN¥43.0m | −CN¥35.0m | −CN¥73.0m | −CN¥39.0m | −CN¥62.0m | −CN¥110.0m | −CN¥73.0m | −CN¥66.4m |
| Net income | −CN¥74.0m | −CN¥53.0m | −CN¥92.0m | −CN¥61.0m | −CN¥51.0m | −CN¥1.93bn | −CN¥79.0m | −CN¥335.9m |
| Diluted earnings per share | — | — | — | — | — | -0.23 | -0.06 | -2.35 |
| Total assets | CN¥2.04bn | CN¥2.00bn | CN¥1.95bn | CN¥1.90bn | CN¥1.83bn | CN¥2.09bn | CN¥2.33bn | CN¥2.32bn |
| Cash and short-term investments | CN¥68.0m | CN¥103.0m | CN¥25.0m | CN¥29.0m | CN¥17.0m | CN¥23.0m | CN¥19.0m | CN¥17.6m |
| Debt | CN¥1.42bn | CN¥1.40bn | CN¥1.40bn | CN¥1.34bn | CN¥1.37bn | CN¥1.27bn | CN¥1.44bn | CN¥1.72bn |
| Shareholders' equity | −CN¥285.0m | −CN¥311.0m | −CN¥368.0m | −CN¥334.0m | −CN¥305.0m | −CN¥293.0m | −CN¥90.0m | −CN¥185.5m |
Financial ratios
Data as of 16 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -5.2% | -8.8% | -6.1% | -6.1% | -6.2% | -121.5% |
| Net margin | -8.6% | -13.7% | -6.7% | -7.2% | -8.8% | -64.1% |
| Return on equity | 132.3% | 75.1% | 47.0% | 8.1% | 7.5% | 20.4% |
| Return on assets | -11.4% | -14.2% | -6.6% | -20.6% | -10.8% | -33.1% |
| Free cash flow yield | -206.3% | -84.5% | -3296.7% | -4363.1% | -1684.0% | -26062.3% |
| Revenue growth | 60.2% | -2.1% | -0.0% | 27.5% | 154.5% | -59.8% |
| Earnings growth | 0.5% | 100.9% | -7.1% | 4.4% | -65.2% | -79.4% |
| Current ratio | 0.76x | 0.45x | 0.26x | 0.47x | 0.51x | 0.73x |
| Debt to equity | -3.01x | -1.02x | -1.48x | -0.41x | -0.48x | -0.46x |
| Equity ratio | -8.6% | -18.9% | -14.0% | -253.7% | -145.2% | -161.8% |
| Interest coverage | -1.78x | -1.93x | -2.02x | -5.95x | -2.43x | -8.06x |
| R&D as a share of sales | 0.4% | 0.5% | 1.8% | 1.8% | 2.2% | 11.3% |
| Buybacks as a share of market value | -3.3% | -2890.7% | -51.7% | 89.8% | -1039.9% | -11.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.5% | -1.2% | — |
| Operating income | -32.0% | -33.0% | — |
| Net income | -21.5% | -36.6% | — |
Market value over time
29 Jun 2018 to 15 Oct 2026, in CNY
CN¥2.71bnCN¥234.0m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | -35% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 16 Jan 2024
- 10-to-1 reverse split · 28 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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