
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109.4B | 116.3B | 56.0B | 64.2B | 43.7B | 110.4B | 128.8B | 136.7B |
| Cost of goods sold | 102.4B | 107.2B | 70.8B | 80.0B | 74.6B | 112.5B | 126.5B | 132.7B |
| Gross profit | 12.2B | 13.4B | (12.4B) | (13.2B) | (28.7B) | 935.0M | 5.2B | 6.9B |
| Gross profit margin, % | 11.5% | -22.1% | -20.6% | -65.6% | 0.8% | 4.0% | 5.1% | |
| Operating expense total | (5.2B) | 1.3B | (4.1B) | (3.8B) | (3.5B) | (5.2B) | (1.2B) | (11.1B) |
| Depreciation and amortization | 14.8B | 9.3B | 10.9B | 10.0B | 9.5B | 13.4B | 11.4B | 21.8B |
| EBITDA | 17.6B | 12.3B | (8.4B) | (9.5B) | (25.4B) | 6.3B | 6.7B | 18.3B |
| EBITDA margin, % | 10.6% | -15.0% | -14.8% | -58.1% | 5.7% | 5.2% | 13.4% | |
| EBIT | 9.5B | 10.3B | (13.8B) | (13.6B) | (31.6B) | (1.9B) | 1.6B | 3.3B |
| EBIT margin, % | 8.8% | -24.6% | -21.2% | -72.3% | -1.7% | 1.3% | 2.4% | |
| Interest income | 110.0M | 96.0M | 166.0M | 339.0M | 494.0M | 495.0M | 115.0M | 104.0M |
| Interest expense | 3.7B | 5.2B | 5.2B | 5.8B | 6.1B | 6.1B | 5.1B | 4.2B |
| Pre tax profit | 3.9B | 4.3B | (16.5B) | (17.5B) | (40.2B) | (8.3B) | (3.9B) | 274.0M |
| Income tax expense | 926.0M | 819.0M | (3.9B) | (4.2B) | (254.0M) | 336.0M | 894.0M | 2.2B |
| Net Income | 2.9B | 3.5B | (12.6B) | (13.3B) | (39.9B) | (8.6B) | (4.8B) | (2.0B) |