| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 765.6M | +8.8% |
| Gross Profit | CNY 374.1M | +39.2% |
| EBITDA | -CNY 23.7M | — |
| Net Income | — | — |
| Diluted EPS | — | — |
| Free Cash Flow | -CNY 15.7M | — |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | — |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20222022-12-31 | — | — | reported |
| FY20212021-12-31 | — | — | reported |
| FY2020 |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 53.73% | 42.02% | 30.19% | 32.93% | 38.19% | 48.87% | 75% | 49% | |
| Operating Margin | −8.49% | −32.62% | −24.36% | −18.16% | −9.20% | −4.49% | 92% | 31% | |
| EBITDA Margin | −5.27% | −29.85% | −21.02% | −15.05% | −7.23% | −3.10% | 92% | 23% | |
| NOPAT Margin | −6.68% | −25.77% | −19.25% | −14.35% | −7.27% | −0.19% | 92% | 34% | |
| Net Margin | — | — | — | — | −7.61% | — | — | — | — |
| FCF Margin | −9.53% | −15.50% | −44.08% | −10.19% | −7.04% | −2.05% | 92% | 20% | |
| OCF Margin | −8.53% | −13.86% | −39.76% | −8.79% | −6.30% | −0.35% | 92% | 20% | |
| Gross Profitability | 23.43% | 18.00% | 11.68% | 12.96% | 15.70% | 22.68% | 75% | 38% | |
| Capex Intensity | 1.00% | 1.63% | 4.32% | 1.40% | 0.74% | 1.70% | 75% | 38% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 2 ratios | |||||||||
| ▸Liquidity & coverage · 2 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 1.21B | CNY 1.03B | CNY 785.7M | CNY 692.0M | CNY 703.7M | CNY 765.6M |
| YoY % | -14.8% | -23.7% | -11.9% | +1.7% | +8.8% | |
| Cost of Revenue | CNY 559.3M | CNY 597.4M | CNY 548.5M | CNY 464.1M | CNY 435.0M | CNY 391.4M |
| YoY % | +6.8% | -8.2% | -15.4% | -6.3% | -10.0% | |
| Gross Profit | CNY 649.6M | CNY 432.9M | CNY 237.2M | CNY 227.9M | CNY 268.7M | CNY 374.1M |
| YoY % | -33.3% | -45.2% | -3.9% | +17.9% | +39.2% | |
| R&D Expense | CNY 172.0M | CNY 158.6M | CNY 131.8M | CNY 82.7M | CNY 70.8M | CNY 64.6M |
| YoY % | -7.8% | -16.9% | -37.3% | -14.4% | -8.7% | |
| Selling & Marketing Expense | CNY 279.4M | CNY 276.3M | CNY 205.0M | CNY 155.9M | CNY 184.2M | CNY 272.3M |
| YoY % | -1.1% | -25.8% | -23.9% | +18.1% | +47.8% | |
| SG&A Expense | CNY 277.9M | CNY 334.2M | CNY 91.8M | CNY 115.0M | CNY 78.4M | CNY 71.6M |
| YoY % | +20.2% | -72.5% | +25.2% | -31.8% | -8.7% | |
| Total Operating Expenses | CNY 752.1M | CNY 769.0M | CNY 428.6M | CNY 353.6M | CNY 333.4M | CNY 408.5M |
| YoY % | +2.2% | -44.3% | -17.5% | -5.7% | +22.5% | |
| Operating Income | -CNY 102.6M | -CNY 336.1M | -CNY 191.4M | -CNY 125.7M | -CNY 64.7M | -CNY 34.4M |
| Interest & Investment Income | CNY 35.4M | CNY 47.3M | CNY 31.4M | CNY 34.7M | CNY 32.4M | CNY 21.0M |
| YoY % | +33.5% | -33.6% | +10.4% | -6.5% | -35.1% | |
| Other Non-Operating Income | CNY 35.9M | CNY 25.4M | CNY 8.3M | CNY 8.4M | CNY 897,000 | CNY 528,000 |
| YoY % | -29.2% | -67.3% | +1.2% | -89.3% | -41.1% | |
| Equity Method Income | CNY 5.6M | CNY 401,000 | -CNY 8.2M | -CNY 11.1M | -CNY 16.0M | -CNY 3.9M |
| YoY % | -92.8% | |||||
| Pretax Income | CNY 543.2M | -CNY 252.5M | -CNY 196.1M | -CNY 96.1M | -CNY 48.3M | CNY 8.5M |
| Income Tax | CNY 115.6M | CNY 20.6M | -CNY 70.4M | CNY 13.0M | CNY 4.6M | CNY 8.2M |
| YoY % | -82.2% | -64.2% | +75.7% | |||
| Income from Continuing Operations | CNY 418.0M | -CNY 205.7M | -CNY 109.7M | — | — | — |
| Income from Discontinued Operations | -CNY 62.4M | — | — | — | — | — |
| Net Income (incl. NCI) | CNY 365.3M | -CNY 273.1M | -CNY 125.7M | -CNY 109.1M | -CNY 52.9M | CNY 365,000 |
| Minority Interest (P&L) | -CNY 15.1M | CNY 67.4M | -CNY 16.1M | -CNY 6.6M | CNY 608,000 | CNY 29,000 |
| YoY % | -95.2% | |||||
| Net Income to Common | CNY 380.4M | -CNY 205.7M | -CNY 109.7M | -CNY 102.5M | -CNY 53.6M | CNY 336,000 |
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.
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| reported |
