
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.7B | 18.1B | 20.1B | 26.6B | 26.9B | 31.8B | 39.1B | 49.2B |
| Cost of goods sold | 18.5B | 17.7B | 19.2B | 25.8B | 26.4B | 30.6B | 37.0B | 47.0B |
| Gross profit | 693.4M | 638.6M | 927.2M | 953.6M | 562.9M | 1.4B | 2.2B | 2.3B |
| Gross profit margin, % | 3.5% | 4.6% | 3.6% | 2.1% | 4.3% | 5.5% | 4.7% | |
| Operating expense total | (3.2M) | 11.0M | (5.9M) | (18.7M) | 144.1M | 221.8M | 286.2M | 354.2M |
| Depreciation and amortization | 169.0M | 178.3M | 235.9M | 247.5M | 267.3M | 283.8M | 363.1M | 304.2M |
| EBITDA | 700.7M | 631.9M | 936.5M | 975.6M | 420.0M | 1.2B | 1.9B | 2.0B |
| EBITDA margin, % | 3.5% | 4.7% | 3.7% | 1.6% | 3.6% | 4.8% | 4.0% | |
| EBIT | 546.4M | 531.2M | 634.3M | 802.6M | 137.9M | 923.2M | 1.5B | 1.7B |
| EBIT margin, % | 2.9% | 3.2% | 3.0% | 0.5% | 2.9% | 3.8% | 3.5% | |
| Interest income | 7.4M | 18.9M | 22.3M | 18.4M | 23.9M | 35.4M | 36.9M | 10.8M |
| Interest expense | 235.0M | 230.9M | 188.8M | 192.1M | 221.1M | 273.7M | 316.8M | 329.0M |
| Pre tax profit | 146.2M | 221.0M | 313.0M | 465.8M | 429.9M | 647.7M | 974.8M | 1.1B |
| Income tax expense | 15.4M | 5.5M | 1.0M | 66.9M | 5.4M | 67.7M | 167.4M | 241.6M |
| Net Income | 130.9M | 215.5M | 312.0M | 398.8M | 424.5M | 580.1M | 807.4M | 859.8M |