
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55.8B | 61.9B | 62.9B | 33.0B | 49.3B | 57.7B | 80.9B | 101.9B |
| Cost of goods sold | 51.4B | 56.6B | 55.6B | 30.4B | 43.2B | 49.4B | 68.9B | 82.9B |
| Gross profit | 4.5B | 5.5B | 7.4B | 3.0B | 6.3B | 8.7B | 12.3B | 19.1B |
| Gross profit margin, % | 8.1% | 8.9% | 11.8% | 8.9% | 12.7% | 15.1% | 15.2% | 18.8% |
| Operating expense total | 2.3B | (147.1M) | 537.3M | 863.3M | (219.3M) | (5.8B) | (1.3B) | (2.3B) |
| Depreciation and amortization | 2.8B | 3.2B | 2.8B | 3.1B | 8.9B | 5.2B | 7.9B | |
| EBITDA | 2.2B | 5.6B | 6.9B | 2.1B | 6.5B | 14.5B | 13.7B | 21.5B |
| EBITDA margin, % | 4.0% | 9.1% | 11.0% | 6.4% | 13.3% | 25.1% | 16.9% | 21.1% |
| EBIT | 2.5B | 3.0B | 3.9B | 4.9M | 3.0B | 5.2B | 8.1B | 11.6B |
| EBIT margin, % | 4.5% | 4.8% | 6.2% | 0.0% | 6.0% | 9.0% | 10.1% | 11.4% |
| Interest income | 61.7M | 53.9M | 55.2M | 68.0M | 85.1M | 145.1M | 190.0M | 153.3M |
| Interest expense | 829.1M | 843.7M | 816.3M | 731.8M | 1.1B | 1.6B | 2.1B | 1.9B |
| Pre tax profit | 1.7B | 2.1B | 3.0B | 22.5M | 2.0B | 3.6B | 5.7B | 9.1B |
| Income tax expense | 583.2M | 696.1M | 739.0M | 217.9M | 580.6M | 672.5M | 1.2B | 2.5B |
| Net Income | 1.1B | 1.4B | 2.3B | (195.4M) | 1.4B | 2.9B | 4.4B | 6.6B |