
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48.4B | 45.3B | 28.9B | 26.1B | 29.1B | 26.9B | 30.8B | 27.2B |
| Cost of goods sold | 46.5B | 43.7B | 26.6B | 23.7B | 28.0B | 25.6B | 29.6B | 26.5B |
| Gross profit | 2.4B | 2.4B | 2.5B | 2.6B | 1.1B | 1.4B | 1.2B | 913.4M |
| Gross profit margin, % | 5.2% | 8.5% | 9.9% | 3.9% | 5.2% | 3.9% | 3.4% | |
| Operating expense total | (6.8M) | (119.1M) | (77.5M) | (122.2M) | (509.6M) | (656.2M) | (678.3M) | (1.5B) |
| Depreciation and amortization | 608.5M | 622.1M | 660.9M | 668.7M | 852.6M | 931.7M | 914.3M | 1.8B |
| EBITDA | 2.4B | 2.5B | 2.5B | 2.7B | 1.7B | 2.1B | 1.9B | 2.4B |
| EBITDA margin, % | 5.5% | 8.8% | 10.3% | 5.7% | 7.7% | 6.2% | 9.0% | |
| EBIT | 1.8B | 2.1B | 2.0B | 2.0B | 924.2M | 1.1B | 1.5B | (90.6M) |
| EBIT margin, % | 4.5% | 6.9% | 7.8% | 3.2% | 4.2% | 4.9% | -0.3% | |
| Interest income | 118.7M | 122.5M | 42.7M | 55.7M | 75.9M | 95.7M | 91.9M | 76.3M |
| Interest expense | 670.7M | 664.7M | 497.2M | 439.9M | 686.2M | 877.0M | 815.1M | 634.3M |
| Pre tax profit | 1.4B | 1.4B | 1.6B | 1.6B | (5.6M) | 216.2M | 549.6M | (995.6M) |
| Income tax expense | 300.9M | 333.2M | 341.8M | 359.4M | (54.1M) | 43.9M | 74.8M | (75.8M) |
| Net Income | 1.1B | 1.1B | 1.2B | 1.2B | 48.4M | 172.3M | 474.8M | (919.8M) |