
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 875.4M | 698.6M | 967.7M | 1.2B | 1.2B | 1.4B | 1.2B | 1.6B |
| Cost of goods sold | 533.4M | 394.2M | 364.2M | 346.5M | 591.1M | 779.3M | 776.8M | 1.1B |
| Gross profit | 343.7M | 308.3M | 608.4M | 839.3M | 586.1M | 627.0M | 379.7M | 594.3M |
| Gross profit margin, % | 39.3% | 44.1% | 62.9% | 71.4% | 50.1% | 44.8% | 33.0% | 38.0% |
| Operating expense total | 679.8M | 569.9M | 489.4M | 684.7M | 825.4M | 607.0M | 551.1M | 980.1M |
| Depreciation and amortization | 1.6B | 180.2M | 145.8M | 66.9M | 112.0M | 76.1M | 89.1M | 107.6M |
| EBITDA | (333.6M) | (264.4M) | 124.2M | 163.8M | (239.7M) | 32.5M | (161.4M) | (433.1M) |
| EBITDA margin, % | -38.1% | -37.9% | 12.8% | 13.9% | -20.5% | 2.3% | -14.0% | -27.7% |
| EBIT | (1.7B) | (604.2M) | (18.7M) | 128.1M | (371.3M) | 22.6M | (236.8M) | (588.8M) |
| EBIT margin, % | -196.6% | -86.5% | -1.9% | 10.9% | -31.7% | 1.6% | -20.6% | -37.6% |
| Interest income | 15.2M | 7.9M | 3.0M | 3.6M | 5.9M | 5.4M | 2.3M | 1.5M |
| Interest expense | 3.3M | 1.2M | 2.3M | 6.8M | 11.3M | 9.3M | 12.4M | 12.1M |
| Pre tax profit | (1.5B) | (586.3M) | 61.4M | 174.4M | (359.8M) | 88.4M | (238.5M) | (650.6M) |
| Income tax expense | (10.0M) | 12.8M | 3.2M | 29.7M | (1.0M) | (1.6M) | 4.1M | 11.9M |
| Net Income | (1.5B) | (599.0M) | 58.2M | 144.7M | (358.8M) | 90.0M | (242.6M) | (662.5M) |