
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25.5B | 29.0B | 31.1B | 37.3B | 47.3B | 46.1B | 47.7B | 50.2B |
| Cost of goods sold | 23.4B | 26.7B | 28.7B | 36.4B | 44.3B | 41.7B | 43.2B | 46.4B |
| Gross profit | 2.7B | 2.8B | 2.9B | 1.4B | 3.5B | 4.9B | 5.0B | 4.3B |
| Gross profit margin, % | 9.8% | 9.4% | 3.9% | 7.4% | 10.7% | 10.4% | 8.6% | |
| Operating expense total | (8.5M) | 140.7M | 620.0M | (35.0M) | 49.9M | (504.0M) | (521.2M) | (856.8M) |
| Depreciation and amortization | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B | 2.3B | 2.5B | 3.2B |
| EBITDA | 2.7B | 2.8B | 2.6B | 1.4B | 3.4B | 5.3B | 5.5B | 5.3B |
| EBITDA margin, % | 9.7% | 8.5% | 3.8% | 7.2% | 11.5% | 11.6% | 10.5% | |
| EBIT | 1.5B | 1.5B | 1.4B | 179.9M | 2.0B | 2.9B | 3.0B | 3.7B |
| EBIT margin, % | 5.2% | 4.4% | 0.5% | 4.2% | 6.3% | 6.4% | 7.3% | |
| Interest income | 6.0M | 8.1M | 8.7M | 25.3M | 99.6M | 108.6M | 56.1M | 28.1M |
| Interest expense | 649.5M | 635.8M | 549.2M | 793.0M | 761.3M | 825.7M | 974.3M | 896.9M |
| Pre tax profit | 1.0B | 1.2B | 1.3B | (348.7M) | 1.5B | 2.3B | 2.4B | 3.1B |
| Income tax expense | 245.3M | 199.6M | 254.9M | (246.5M) | 305.2M | 451.9M | 429.5M | 570.9M |
| Net Income | 794.0M | 961.5M | 1.1B | (102.3M) | 1.2B | 1.9B | 2.0B | 2.5B |