| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 1.15B | +42.6% |
| Gross Profit | CNY 834.0M | +53.0% |
| EBITDA | -CNY 32.2M | — |
| Net Income | -CNY 257.7M | — |
| Diluted EPS | — | — |
| Free Cash Flow | — | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 69.38% | 67.16% | 71.43% | 65.36% | 67.57% | 72.50% | 92% | 78% | |
| Operating Margin | −34.21% | −29.26% | −25.52% | −31.34% | −54.19% | −15.60% | 92% | 31% | |
| EBITDA Margin | −29.79% | −22.78% | −19.52% | −26.08% | −47.81% | −2.80% | 92% | 37% | |
| NOPAT Margin | −27.67% | −23.11% | −20.16% | −24.76% | −42.81% | −12.32% | 92% | 26% | |
| Net Margin | 26.84% | −44.75% | −58.08% | −90.05% | −76.54% | −22.40% | 75% | 26% | |
| OCF Margin | −2.97% | 13.10% | −47.99% | 82.22% | −29.54% | −14.97% | 42% | 22% | |
| Gross Profitability | 19.19% | 10.59% | 12.29% | 7.77% | 9.90% | 17.81% | 75% | 31% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | |||||||||
| ▸Earnings quality · 3 ratios | |||||||||
| ▸Liquidity & coverage · 3 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Per share · 2 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 1.55B | CNY 784.6M | CNY 884.1M | CNY 669.5M | CNY 806.9M | CNY 1.15B |
| YoY % | -49.5% | +12.7% | -24.3% | +20.5% | +42.6% | |
| Cost of Revenue | CNY 475.4M | CNY 257.7M | CNY 252.6M | CNY 231.9M | CNY 261.7M | CNY 316.4M |
| YoY % | -45.8% | -2.0% | -8.2% | +12.8% | +20.9% | |
| Gross Profit | CNY 1.08B | CNY 527.0M | CNY 631.5M | CNY 437.6M | CNY 545.2M | CNY 834.0M |
| YoY % | -51.1% | +19.8% | -30.7% | +24.6% | +53.0% | |
| Selling & Marketing Expense | CNY 767.0M | CNY 370.3M | CNY 476.9M | CNY 242.5M | CNY 342.4M | CNY 362.7M |
| YoY % | -51.7% | +28.8% | -49.1% | +41.2% | +5.9% | |
| SG&A Expense | CNY 380.5M | CNY 191.9M | CNY 214.3M | CNY 229.5M | CNY 244.4M | CNY 266.5M |
| YoY % | -49.6% | +11.7% | +7.1% | +6.5% | +9.1% | |
| Operating Income | -CNY 531.1M | -CNY 229.6M | -CNY 225.6M | -CNY 209.8M | -CNY 437.3M | -CNY 179.4M |
| Interest & Investment Income | — | CNY 12.7M | CNY 23.1M | CNY 6.7M | CNY 4.5M | CNY 2.2M |
| YoY % | +82.0% | -71.1% | -33.1% | -51.5% | ||
| Other Non-Operating Income | CNY 1.08B | CNY 253.0M | CNY 101.3M | CNY 96.8M | CNY 52.1M | CNY 36.9M |
| YoY % | -76.6% | -60.0% | -4.4% | -46.2% | -29.1% | |
| Equity Method Income | -CNY 5.2M | CNY 61.0M | -CNY 12.1M | -CNY 2.6M | -CNY 16.6M | -CNY 11.7M |
| Impairment of Real Estate | CNY 9.2M | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 |
| YoY % | -100.0% | |||||
| Pretax Income | CNY 508.2M | -CNY 339.6M | -CNY 545.8M | -CNY 637.6M | -CNY 554.3M | -CNY 226.7M |
| Income Tax | CNY 97.1M | CNY 13.6M | -CNY 25.1M | -CNY 43.8M | CNY 47.3M | CNY 8.5M |
| YoY % | -86.0% | -82.1% | ||||
| Net Income (incl. NCI) | CNY 411.2M | -CNY 353.2M | -CNY 520.7M | -CNY 593.9M | -CNY 601.6M | -CNY 235.2M |
| Minority Interest (P&L) | -CNY 5.6M | -CNY 2.1M | -CNY 7.2M | CNY 9.0M | CNY 16.0M | CNY 22.6M |
| YoY % | +76.9% | +41.3% | ||||
| Net Income | CNY 416.7M | -CNY 351.1M | -CNY 513.5M | -CNY 602.9M | -CNY 617.6M | -CNY 257.7M |
| Net Income to Common | CNY 406.1M | -CNY 353.1M | -CNY 522.2M | -CNY 603.0M | -CNY 625.4M | — |
| EPS (Basic) | CNY 0.29 | -CNY 0.25 | -CNY 0.36 | -CNY 0.41 | -CNY 0.42 | — |
| EPS (Diluted) | CNY 0.29 | -CNY 0.25 | -CNY 0.36 | -CNY 0.41 | -CNY 0.42 | — |
| Weighted Avg Shares (Basic) | 1.40B | 1.43B | 1.44B | 1.47B | 1.50B | 1.53B |
| YoY % | +2.0% | +1.0% | +2.0% | +2.1% | +2.0% | |
| Weighted Avg Shares (Diluted) | 1.42B | 1.43B | 1.44B | 1.47B | 1.50B | 1.53B |
| YoY % | +0.6% | +1.0% | +2.0% | +2.1% | +2.0% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
