
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.2B | 670.6M | 407.2M | 464.6M | 459.3M | 364.7M | 396.9M |
| Cost of goods sold | 1.3B | 892.6M | 686.1M | 329.0M | 359.3M | 425.0M | 299.2M | 382.0M |
| Gross profit | 136.5M | 278.3M | (15.4M) | 78.2M | 105.4M | 35.2M | 66.3M | 15.5M |
| Gross profit margin, % | 23.8% | -2.3% | 19.2% | 22.7% | 7.7% | 18.2% | 3.9% | |
| Operating expense total | 301.3M | 132.1M | 91.7M | 97.7M | 35.2M | 20.4M | 29.6M | 29.1M |
| Depreciation and amortization | 881.4M | 6.9M | 114.7M | 19.5M | 2.3M | 120.0K | 148.0K | 178.0K |
| EBITDA | (165.8M) | 146.2M | (107.3M) | (17.9M) | 69.9M | 10.7M | 36.1M | (14.4M) |
| EBITDA margin, % | 12.5% | -16.0% | -4.4% | 15.0% | 2.3% | 9.9% | -3.6% | |
| EBIT | (1.0B) | 197.0M | (344.8M) | (282.9M) | 75.0M | 28.2M | 9.4M | (5.8M) |
| EBIT margin, % | 16.8% | -51.4% | -69.5% | 16.1% | 6.1% | 2.6% | -1.5% | |
| Interest income | 6.6M | 2.9M | 1.1M | 3.5M | 6.1M | 5.6M | 1.6M | 467.0K |
| Interest expense | 43.2M | 24.9M | 18.5M | 20.1M | 9.5M | 1.2M | 4.0M | 10.6M |
| Pre tax profit | (1.1B) | 175.4M | (356.0M) | (298.6M) | 73.3M | 39.0M | 39.0M | (15.4M) |
| Income tax expense | 32.1M | 18.6M | 2.7M | (49.6M) | 18.7M | 11.6M | 5.7M | 3.1M |
| Net Income | (1.1B) | 156.8M | (358.6M) | (248.9M) | 54.6M | 27.4M | 33.2M | (18.5M) |