| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 535.7M | −6.6% |
| Gross Profit | CNY 146.7M | −30.4% |
| EBITDA | -CNY 240.6M | — |
| Net Income | -CNY 239.3M | — |
| Diluted EPS | -CNY 0.74 | — |
| Free Cash Flow | -CNY 231.8M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 33.91% | 36.13% | 38.12% | 35.84% | 36.76% | 27.39% | 8% | 22% | |
| Operating Margin | −51.23% | −121.11% | −164.10% | −76.45% | −34.49% | −45.86% | 75% | 20% | |
| EBITDA Margin | −50.04% | −119.71% | −161.76% | −74.91% | −33.16% | −44.91% | 75% | 18% | |
| NOPAT Margin | −40.47% | −95.67% | −129.64% | −60.40% | −27.25% | −36.23% | 75% | 15% | |
| Net Margin | −58.78% | −120.08% | −164.23% | −71.75% | −24.89% | −44.68% | 75% | 20% | |
| FCF Margin | −30.40% | −32.61% | −96.54% | −90.54% | −31.93% | −43.27% | 42% | 15% | |
| FCFE Margin | −45.06% | — | −97.89% | — | — | — | — | — | |
| OCF Margin | −29.93% | −31.63% | −95.56% | −90.40% | −31.42% | −43.12% | 42% | 16% | |
| Gross Profitability | 28.30% | 8.99% | 9.78% | 11.47% | 13.36% | 10.66% | 42% | 16% | |
| Capex Intensity | 0.47% | 0.98% | 0.98% | 0.14% | 0.50% | 0.15% | 25% | 7% | |
| ▸Returns on Capital · 4 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 1 ratios | |||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||
| ▸Leverage · 8 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 723.5M | CNY 752.7M | CNY 593.6M | CNY 571.0M | CNY 573.6M | CNY 535.7M |
| YoY % | +4.0% | -21.1% | -3.8% | +0.4% | -6.6% | |
| Cost of Revenue | CNY 478.1M | CNY 480.8M | CNY 367.3M | CNY 366.4M | CNY 362.7M | CNY 389.0M |
| YoY % | +0.6% | -23.6% | -0.3% | -1.0% | +7.2% | |
| Gross Profit | CNY 245.3M | CNY 271.9M | CNY 226.3M | CNY 204.6M | CNY 210.8M | CNY 146.7M |
| YoY % | +10.8% | -16.8% | -9.6% | +3.0% | -30.4% | |
| R&D Expense | CNY 174.2M | CNY 297.4M | CNY 326.5M | CNY 222.5M | CNY 177.0M | CNY 139.1M |
| YoY % | +70.7% | +9.8% | -31.8% | -20.5% | -21.4% | |
| Selling & Marketing Expense | CNY 200.4M | CNY 300.0M | CNY 265.3M | CNY 227.5M | CNY 187.3M | CNY 142.3M |
| YoY % | +49.7% | -11.6% | -14.2% | -17.7% | -24.0% | |
| SG&A Expense | CNY 241.4M | CNY 385.5M | CNY 319.2M | CNY 191.1M | CNY 93.9M | CNY 111.1M |
| YoY % | +59.7% | -17.2% | -40.1% | -50.9% | +18.3% | |
| Total Operating Expenses | CNY 616.0M | CNY 1.18B | CNY 1.20B | CNY 641.2M | CNY 408.7M | CNY 392.4M |
| YoY % | +92.1% | +1.4% | -46.6% | -36.3% | -4.0% | |
| Operating Income | -CNY 370.6M | -CNY 911.5M | -CNY 974.1M | -CNY 436.5M | -CNY 197.8M | -CNY 245.7M |
| Interest Expense | CNY 3.5M | CNY 366,000 | CNY 428,000 | — | — | — |
| YoY % | -89.5% | +16.9% | ||||
| Equity Method Income | -CNY 2.4M | -CNY 596,000 | -CNY 2.0M | -CNY 1.5M | CNY 3,000 | -CNY 1.6M |
| Impairment of Real Estate | CNY 0 | — | — | — | — | — |
| Pretax Income | -CNY 424.1M | -CNY 893.3M | -CNY 976.2M | -CNY 412.9M | -CNY 147.1M | -CNY 239.6M |
| Income Tax | CNY 1.1M | CNY 11.1M | -CNY 342,000 | -CNY 564,000 | -CNY 316,000 | -CNY 820,000 |
| YoY % | +886.7% | |||||
| Net Income (incl. NCI) | -CNY 425.2M | -CNY 904.5M | -CNY 975.9M | -CNY 412.4M | -CNY 146.8M | -CNY 238.8M |
| Minority Interest (P&L) | -CNY 5,000 | -CNY 593,000 | -CNY 1.0M | -CNY 2.7M | -CNY 4.1M | CNY 549,000 |
| Net Income | -CNY 425.2M | -CNY 903.9M | -CNY 974.9M | -CNY 409.7M | -CNY 142.8M | -CNY 239.3M |
| Net Income to Common | -CNY 1.58B | -CNY 5.78B | -CNY 974.9M | -CNY 409.7M | -CNY 142.8M | -CNY 239.3M |
| EPS (Basic) | -CNY 18.55 | -CNY 19.62 | -CNY 3.03 | -CNY 1.27 | -CNY 0.44 | -CNY 0.74 |
| EPS (Diluted) | -CNY 18.55 | -CNY 19.62 | -CNY 3.03 | -CNY 1.27 | -CNY 0.44 | -CNY 0.74 |
| Weighted Avg Shares (Basic) | 85.1M | 294.8M | 321.9M | 321.9M | 322.9M | 323.1M |
| YoY % | +246.4% | +9.2% | +0.0% | +0.3% | +0.1% | |
| Weighted Avg Shares (Diluted) | 85.1M | 294.8M | 321.9M | 321.9M | 322.9M | 323.1M |
| YoY % | +246.4% | +9.2% | +0.0% | +0.3% | +0.1% |
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.
