
Revenue
FY, 2026
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 | FY, 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.0B | 2.9B | 2.9B | 3.7B | 3.5B | 5.1B | 6.7B | 8.0B |
| Cost of goods sold | 962.5M | 1.2B | 1.2B | 1.4B | 2.1B | 2.4B | 3.0B | 4.2B | 5.1B |
| Gross profit | 2.4B | 1.8B | 1.7B | 1.4B | 1.6B | 1.2B | 2.1B | 2.5B | 2.9B |
| Gross profit margin, % | 71.5% | 59.6% | 59.8% | 50.1% | 43.0% | 33.6% | 41.0% | 37.9% | 36.7% |
| Operating expense total | 4.1B | 2.4B | 2.0B | 1.3B | 1.4B | 1.1B | 1.7B | 2.0B | 2.2B |
| Depreciation and amortization | 82.2M | 116.3M | 213.8M | 80.5M | 104.2M | 58.6M | 49.9M | 107.5M | 159.4M |
| EBITDA | (1.7B) | (588.1M) | (297.6M) | 169.0M | 123.5M | 51.5M | 273.5M | 450.9M | 672.2M |
| EBITDA margin, % | -51.8% | -19.4% | -10.4% | 5.9% | 3.4% | 1.5% | 5.4% | 6.7% | 8.4% |
| EBIT | (1.7B) | (559.4M) | (720.5M) | 84.3M | 77.6M | (138.0M) | 243.9M | 377.7M | 685.6M |
| EBIT margin, % | -50.7% | -18.4% | -25.1% | 2.9% | 2.1% | -3.9% | 4.8% | 5.6% | 8.5% |
| Interest income | 107.7M | 91.2M | 112.0M | 116.6M | 101.5M | 130.6M | 215.9M | 266.7M | 234.6M |
| Interest expense | 12.9M | 19.1M | 52.6M | 18.7M | 12.7M | 8.4M | 4.4M | 6.3M | 12.7M |
| Pre tax profit | (1.8B) | (280.9M) | (1.1B) | (118.0M) | 128.9M | (279.3M) | 247.8M | 294.0M | 955.6M |
| Income tax expense | 35.3M | 15.1M | 29.2M | (802.0K) | (25.4M) | (415.0K) | (64.8M) | (92.4M) | 263.4M |
| Net Income | (1.8B) | (296.0M) | (1.2B) | (117.2M) | 154.3M | (278.9M) | 312.6M | 386.4M | 692.2M |