
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0B | 576.8M | 510.5M | 1.4B | 2.7B | 3.6B | 3.9B | 4.5B |
| Cost of goods sold | 1.0B | 580.5M | 416.5M | 1.2B | 2.5B | 3.2B | 3.4B | 3.6B |
| Gross profit | 16.4M | 4.7M | 101.5M | 180.4M | 253.9M | 384.8M | 572.2M | 888.6M |
| Gross profit margin, % | 0.8% | 19.9% | 13.0% | 9.3% | 10.8% | 14.6% | 19.8% | |
| Operating expense total | 145.4M | 148.6M | 32.8M | 123.4M | 80.6M | 235.9M | 328.8M | 434.9M |
| Depreciation and amortization | 1.4B | 53.6M | 34.1M | 31.1M | 87.1M | 46.9M | 56.5M | 66.5M |
| EBITDA | (129.0M) | (140.4M) | 72.9M | 59.6M | 175.9M | 159.2M | 253.0M | 463.5M |
| EBITDA margin, % | -24.3% | 14.3% | 4.3% | 6.5% | 4.5% | 6.5% | 10.4% | |
| EBIT | (1.9B) | (297.4M) | 20.9M | 38.3M | 114.6M | 139.8M | 179.7M | 375.2M |
| EBIT margin, % | -51.5% | 4.1% | 2.8% | 4.2% | 3.9% | 4.6% | 8.4% | |
| Interest income | 1.8M | 2.9M | 1.4M | 3.1M | 4.9M | 8.0M | 5.8M | 9.9M |
| Interest expense | 8.0M | 64.8M | 18.9M | 11.4M | 13.1M | 25.7M | 32.4M | 44.0M |
| Pre tax profit | (1.9B) | (358.9M) | 17.6M | 20.4M | 152.5M | 140.8M | 168.1M | 352.2M |
| Income tax expense | 6.0M | 3.7M | (8.7M) | (6.1M) | 9.2M | 37.7M | 28.0M | 55.3M |
| Net Income | (1.9B) | (362.5M) | 26.3M | 26.5M | 143.3M | 103.1M | 140.1M | 296.9M |
| Company name | Date | Deal size |
|---|---|---|
| Lorem | Dec 23, 2021 | $40.0M |
| Ipsum | Jan 18, 2022 | $30.0M |
| Lorem Ipsum | Feb 18, 2022 | $25.0M |
| Dolor | Oct 21, 2021 | $60.0M |
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