
Revenue
FY, 2025
| CNY | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | FY, 2022 | FY, 2023 | FY, 2024 | FY, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.9B | 13.8B | 12.6B | 20.8B | 24.1B | 20.4B | 18.5B | 17.5B |
| Cost of goods sold | 10.6B | 10.8B | 10.1B | 14.8B | 19.4B | 18.4B | 17.9B | 17.0B |
| Gross profit | 4.3B | 3.1B | 2.5B | 5.9B | 4.6B | 2.0B | 652.3M | 522.6M |
| Gross profit margin, % | 22.1% | 20.0% | 28.5% | 19.2% | 9.6% | 3.5% | 3.0% | |
| Operating expense total | 523.3M | 494.0M | (21.0M) | 129.2M | (232.6M) | (423.5M) | (750.6M) | (1.1B) |
| Depreciation and amortization | 696.2M | 798.0M | 1.1B | 1.3B | 1.6B | 1.6B | 2.0B | 2.3B |
| EBITDA | 3.7B | 2.6B | 2.6B | 5.8B | 4.9B | 2.4B | 1.4B | 1.6B |
| EBITDA margin, % | 18.6% | 20.3% | 27.9% | 20.3% | 11.5% | 7.5% | 8.9% | |
| EBIT | 3.0B | 1.7B | 1.4B | 4.3B | 3.3B | 731.6M | (1.1B) | (963.6M) |
| EBIT margin, % | 12.4% | 10.9% | 20.7% | 13.6% | 3.6% | -6.0% | -5.5% | |
| Interest income | 17.4M | 8.8M | 13.9M | 28.1M | 50.9M | 67.4M | 68.6M | 59.6M |
| Interest expense | 211.3M | 259.9M | 273.0M | 252.2M | 368.9M | 390.3M | 481.8M | 499.5M |
| Pre tax profit | 2.8B | 1.5B | 1.1B | 4.1B | 3.0B | 382.6M | (1.5B) | (1.4B) |
| Income tax expense | 691.1M | 394.0M | 276.9M | 956.8M | 765.6M | 225.9M | (209.6M) | (296.9M) |
| Net Income | 2.1B | 1.1B | 851.1M | 3.1B | 2.2B | 156.7M | (1.3B) | (1.1B) |