| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 6.15B | +35.0% |
| Gross Profit | CNY 4.15B | +33.8% |
| EBITDA | -CNY 391.5M | — |
| Net Income | -CNY 323.3M | — |
| Diluted EPS | -CNY 1.98 | — |
| Free Cash Flow | CNY 246.6M | +209.1% |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 75.26% | 63.46% | 71.94% | 73.31% | 68.05% | 67.44% | 25% | 91% | |
| Operating Margin | −24.63% | −48.47% | −4.73% | −5.03% | −25.95% | −8.19% | 58% | 15% | |
| EBITDA Margin | −23.84% | −46.76% | −1.93% | −3.23% | −24.54% | −6.37% | 58% | 14% | |
| NOPAT Margin | −19.46% | −38.29% | −3.73% | −0.75% | −20.50% | −6.47% | 58% | 13% | |
| Net Margin | −19.55% | −47.30% | 0.53% | −0.25% | −23.04% | −5.26% | 58% | 20% | |
| FCF Margin | 4.48% | −67.94% | 1.42% | 10.57% | 1.75% | 4.01% | 58% | 51% | |
| FCFE Margin | — | — | — | 10.57% | 1.75% | 4.49% | 50% | 52% | |
| OCF Margin | 8.47% | −63.79% | 2.18% | 11.95% | 5.67% | 6.77% | 58% | 49% | |
| Gross Profitability | 50.18% | 82.87% | 36.86% | 40.10% | 53.17% | 66.86% | 75% | 84% | |
| Capex Intensity | 3.99% | 4.15% | 0.76% | 1.38% | 3.91% | 2.76% | 42% | 55% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 3 ratios | |||||||||
| ▸Earnings quality · 4 ratios | |||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||
| ▸Leverage · 7 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 7.12B | CNY 6.56B | CNY 2.50B | CNY 2.96B | CNY 4.55B | CNY 6.15B |
| YoY % | -7.9% | -61.9% | +18.5% | +53.8% | +35.0% | |
| Cost of Revenue | CNY 1.76B | CNY 2.40B | CNY 701.0M | CNY 790.2M | CNY 1.45B | CNY 2.00B |
| YoY % | +36.0% | -70.8% | +12.7% | +84.1% | +37.6% | |
| Gross Profit | CNY 5.36B | CNY 4.16B | CNY 1.80B | CNY 2.17B | CNY 3.10B | CNY 4.15B |
| YoY % | -22.3% | -56.8% | +20.8% | +42.8% | +33.8% | |
| R&D Expense | CNY 734.5M | CNY 1.25B | CNY 445.1M | CNY 462.0M | CNY 648.1M | CNY 626.9M |
| YoY % | +70.6% | -64.5% | +3.8% | +40.3% | -3.3% | |
| SG&A Expense | CNY 566.6M | CNY 720.3M | CNY 290.3M | CNY 356.4M | CNY 668.7M | CNY 732.2M |
| YoY % | +27.1% | -59.7% | +22.7% | +87.6% | +9.5% | |
| Total Operating Expenses | CNY 7.12B | CNY 7.34B | CNY 1.92B | CNY 2.32B | CNY 4.28B | CNY 4.65B |
| YoY % | +3.2% | -73.9% | +21.1% | +84.5% | +8.6% | |
| Operating Income | -CNY 1.76B | -CNY 3.18B | -CNY 118.1M | -CNY 149.0M | -CNY 1.18B | -CNY 503.2M |
| Interest & Investment Income | CNY 3.4M | CNY 31.5M | CNY 21.4M | CNY 75.8M | CNY 70.4M | CNY 39.9M |
| YoY % | +833.0% | -32.1% | +254.8% | -7.2% | -43.3% | |
| Equity Method Income | CNY 63,000 | -CNY 302,000 | CNY 0 | -CNY 9.2M | CNY 0 | CNY 0 |
| Gains on Sale of Real Estate | -CNY 3.1M | -CNY 146.2M | CNY 21.4M | -CNY 2.7M | -CNY 4.8M | -CNY 9.2M |
| Impairment of Real Estate | CNY 0 | CNY 52.5M | CNY 0 | CNY 0 | CNY 0 | CNY 582,000 |
| YoY % | -100.0% | |||||
| Pretax Income | -CNY 1.43B | -CNY 3.06B | -CNY 2.5M | CNY 12.5M | -CNY 1.04B | -CNY 327.4M |
| Income Tax | -CNY 34.6M | CNY 40.9M | -CNY 15.7M | CNY 10.7M | CNY 8.6M | -CNY 4.1M |
| YoY % | -19.0% | |||||
| Net Income | -CNY 1.39B | -CNY 3.10B | CNY 13.2M | -CNY 7.3M | -CNY 1.05B | -CNY 323.3M |
| Net Income to Common | -CNY 1.39B | -CNY 3.10B | CNY 13.2M | -CNY 7.3M | -CNY 1.05B | -CNY 323.3M |
| EPS (Basic) | -CNY 8.72 | -CNY 18.17 | CNY 0.08 | -CNY 0.04 | -CNY 6.12 | -CNY 1.98 |
| EPS (Diluted) | -CNY 8.72 | -CNY 18.17 | CNY 0.07 | -CNY 0.04 | -CNY 6.12 | -CNY 1.98 |
| Weighted Avg Shares (Basic) | 159.7M | 170.8M | 172.3M | 173.7M | 171.4M | 163.1M |
| YoY % | +6.9% | +0.9% | +0.9% | -1.3% | -4.8% | |
| Weighted Avg Shares (Diluted) | 159.7M | 170.8M | 176.0M | 173.7M | 171.4M | 163.1M |
| YoY % | +6.9% | +3.0% | -1.3% | -1.3% | -4.8% |
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.
