
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.5B | 3.4B | 1.6B | 1.7B | 2.0B | 1.0B | 843.8M | 969.9M |
| Cost of goods sold | 3.0B | 3.1B | 1.6B | 1.1B | 836.5M | 870.4M | 775.1M | 862.5M |
| Gross profit | 570.7M | 367.2M | 114.0M | 713.7M | 1.2B | 157.5M | 83.6M | 128.1M |
| Gross profit margin, % | 10.7% | 7.0% | 42.4% | 60.0% | 15.5% | 9.9% | 13.2% | |
| Operating expense total | 305.5M | 175.3M | 180.5M | 185.1M | 251.7M | 100.7M | 56.0M | 111.8M |
| Depreciation and amortization | 2.1B | 1.5B | 68.7M | 72.8M | 75.8M | 71.0M | 78.1M | 38.6M |
| EBITDA | 265.2M | 191.9M | (66.5M) | 528.6M | 950.6M | 56.8M | 27.5M | 16.2M |
| EBITDA margin, % | 5.6% | -4.1% | 31.4% | 47.4% | 5.6% | 3.3% | 1.7% | |
| EBIT | (1.8B) | (1.4B) | (206.4M) | 341.1M | 993.6M | 21.7M | 1.9M | 33.2M |
| EBIT margin, % | -42.3% | -12.7% | 20.3% | 49.6% | 2.1% | 0.2% | 3.4% | |
| Interest income | 1.1M | 1.1M | 2.5M | 3.2M | 4.0M | 14.1M | 5.7M | 4.5M |
| Interest expense | 11.1M | 17.4M | 20.1M | 10.7M | 12.3M | 10.5M | 3.8M | 2.4M |
| Pre tax profit | (1.9B) | (1.5B) | (104.9M) | 365.9M | 986.4M | 35.5M | 14.7M | 42.6M |
| Income tax expense | 39.9M | 17.7M | (8.9M) | 30.3M | 134.8M | 24.0M | (7.7M) | 7.2M |
| Net Income | (1.9B) | (1.5B) | (96.0M) | 335.6M | 851.6M | 11.6M | 22.4M | 35.4M |