
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 356.2M | 521.6M | 458.8M | 842.4M | 685.7M | 909.8M | 607.6M | 1.0B |
| Cost of goods sold | 346.4M | 377.1M | 359.0M | 651.0M | 567.1M | 734.9M | 475.8M | 761.3M |
| Gross profit | 15.1M | 156.9M | 112.4M | 214.3M | 139.0M | 190.0M | 144.4M | 302.5M |
| Gross profit margin, % | 4.2% | 30.1% | 24.5% | 25.4% | 20.3% | 20.9% | 23.8% | 29.0% |
| Operating expense total | 245.7M | 129.9M | 147.3M | 164.1M | 184.1M | 174.5M | 187.8M | 208.6M |
| Depreciation and amortization | 56.9M | 37.4M | 128.8M | 41.7M | 61.0M | 52.5M | 43.4M | 48.8M |
| EBITDA | (230.7M) | 26.2M | (40.9M) | 50.2M | (47.0M) | 13.1M | (44.8M) | 92.2M |
| EBITDA margin, % | -64.8% | 5.0% | -8.9% | 6.0% | -6.9% | 1.4% | -7.4% | 8.8% |
| EBIT | (457.1M) | 29.4M | (182.4M) | 29.4M | (123.6M) | (31.7M) | (91.2M) | 11.7M |
| EBIT margin, % | -128.3% | 5.6% | -39.8% | 3.5% | -18.0% | -3.5% | -15.0% | 1.1% |
| Interest income | 2.0M | 1.2M | 1.1M | 201.0K | 543.0K | 1.7M | 3.2M | 4.9M |
| Interest expense | 11.4M | 11.7M | 10.7M | 15.4M | 17.7M | 17.4M | 8.9M | 7.9M |
| Pre tax profit | (469.4M) | 15.7M | (197.9M) | 14.7M | (141.2M) | (50.4M) | (97.3M) | 9.2M |
| Income tax expense | 14.8M | (1.3M) | 822.0K | 2.6M | 854.0K | 6.0M | (517.0K) | 39.0K |
| Net Income | (484.2M) | 17.0M | (198.8M) | 12.1M | (142.1M) | (56.5M) | (96.8M) | 9.2M |