| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 3.24B | +135.7% |
| Gross Profit | CNY 216.4M | +168.6% |
| EBITDA | -CNY 164.0M | — |
| Net Income | -CNY 262.5M | — |
| Diluted EPS | CNY 0.00 | — |
| Free Cash Flow | -CNY 525.8M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | — | −2.48% | 2.92% | 1.24% | 5.86% | 6.68% | 90% | 5% | |
| Operating Margin | — | −84.06% | −17.05% | −17.33% | −22.73% | −5.36% | 90% | 18% | |
| EBITDA Margin | — | −77.00% | −16.17% | −16.68% | −21.84% | −5.06% | 90% | 15% | |
| NOPAT Margin | — | −66.41% | −13.47% | −13.69% | −17.96% | −4.23% | 90% | 15% | |
| Net Margin | — | −64.07% | −8.75% | −6.66% | −27.09% | −8.10% | 70% | 16% | |
| FCF Margin | — | −170.78% | −52.78% | −13.81% | −20.01% | −16.23% | 70% | 11% | |
| FCFE Margin | — | — | −56.39% | −16.33% | — | — | — | — | |
| OCF Margin | — | −170.72% | −51.64% | −12.20% | −19.09% | −15.57% | 70% | 9% | |
| Gross Profitability | — | −1.32% | 3.81% | 3.54% | 3.86% | 8.95% | 90% | 16% | |
| Capex Intensity | — | 0.06% | 1.14% | 1.61% | 0.92% | 0.66% | 30% | 19% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 1 ratios | |||||||||
| ▸Earnings quality · 1 ratios | |||||||||
| ▸Liquidity & coverage · 8 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|
| Revenue | CNY 657.4M | CNY 1.64B | CNY 2.06B | CNY 1.37B | CNY 3.24B |
| YoY % | +148.9% | +25.9% | -33.2% | +135.7% | |
| Cost of Revenue | CNY 673.7M | CNY 1.59B | CNY 2.03B | CNY 1.29B | CNY 3.02B |
| YoY % | +135.8% | +28.0% | -36.4% | +133.6% | |
| Gross Profit | -CNY 16.3M | CNY 47.7M | CNY 25.4M | CNY 80.6M | CNY 216.4M |
| YoY % | -46.7% | +216.6% | +168.6% | ||
| R&D Expense | CNY 74.1M | CNY 36.2M | CNY 37.7M | CNY 33.8M | CNY 12.4M |
| YoY % | -51.2% | +4.2% | -10.3% | -63.3% | |
| Selling & Marketing Expense | CNY 339.0M | CNY 222.1M | CNY 236.3M | CNY 202.5M | CNY 349.4M |
| YoY % | -34.5% | +6.4% | -14.3% | +72.6% | |
| SG&A Expense | CNY 277.9M | CNY 151.0M | CNY 164.5M | CNY 177.4M | CNY 89.7M |
| YoY % | -45.7% | +8.9% | +7.8% | -49.4% | |
| Total Operating Expenses | CNY 782.7M | CNY 408.7M | CNY 452.4M | CNY 411.1M | CNY 451.0M |
| YoY % | -47.8% | +10.7% | -9.1% | +9.7% | |
| Operating Income | -CNY 552.6M | -CNY 278.9M | -CNY 356.9M | -CNY 312.5M | -CNY 173.6M |
| Interest Expense | CNY 96.0M | CNY 41.2M | CNY 21.2M | CNY 62.6M | CNY 94.5M |
| YoY % | -57.0% | -48.5% | +194.7% | +50.9% | |
| Interest & Investment Income | CNY 45.1M | CNY 3.7M | CNY 603,000 | CNY 169,000 | CNY 66,000 |
| YoY % | -91.9% | -83.5% | -72.0% | -60.9% | |
| Equity Method Income | CNY 15.7M | CNY 328,000 | -CNY 44,000 | -CNY 6.0M | — |
| YoY % | -97.9% | ||||
| Impairment of Real Estate | CNY 420.0M | — | CNY 0 | CNY 0 | CNY 0 |
| Pretax Income | -CNY 732.6M | -CNY 143.3M | -CNY 147.1M | -CNY 375.3M | -CNY 262.4M |
| Income Tax | CNY 33,000 | CNY 245,000 | CNY 366,000 | CNY 311,000 | CNY 39,000 |
| YoY % | +642.4% | +49.4% | -15.0% | -87.5% | |
| Income from Continuing Operations | -CNY 717.0M | -CNY 143.2M | -CNY 892.8M | — | — |
| Income from Discontinued Operations | CNY 295.7M | — | — | — | — |
| Net Income (incl. NCI) | -CNY 421.2M | -CNY 143.2M | -CNY 137.2M | -CNY 369.5M | -CNY 262.5M |
| Minority Interest (P&L) | -CNY 9,000 | — | -CNY 12,000 | CNY 2.8M | — |
| Net Income | -CNY 421.2M | -CNY 143.2M | -CNY 137.2M | -CNY 372.4M | — |
| Net Income to Common | -CNY 421.2M | -CNY 143.2M | -CNY 892.8M | -CNY 2.43B | -CNY 277.5M |
| Preferred Dividends | — | — | -CNY 755.6M | -CNY 2.06B | — |
| EPS (Basic) | — | -CNY 0.12 | -CNY 0.66 | -CNY 1.11 | CNY 0.00 |
| EPS (Diluted) | — | -CNY 2.07 | -CNY 0.66 | -CNY 1.11 | CNY 0.00 |
| Weighted Avg Shares (Basic) | 1.10B | 1.17B | 1.34B | 2.19B | 62.76B |
| YoY % | +6.2% | +15.1% | +62.5% | +2771.7% | |
| Weighted Avg Shares (Diluted) | 1.33B | 1.35B | 1.34B | 2.19B | 62.76B |
| YoY % | +1.8% | -0.7% | +62.5% | +2771.7% |
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.
