| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 3.98B | +43.5% |
| Gross Profit | — | — |
| EBITDA | CNY 384.8M | +102.8% |
| Net Income | CNY 568.9M | +54.8% |
| Diluted EPS | CNY 0.15 | +50.0% |
| Free Cash Flow | CNY 214.3M | −2.1% |
| DPS (FY2025) | $0.04derived |
| Trailing yield | 3.05% |
| Payout ratio | 22.9% |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | $0.04 | −17.7% | derived (paid ÷ diluted shares) |
| FY20242024-12-31 | $0.04 | — | derived (paid ÷ diluted shares) |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-04-24 | $0.0300 |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | −16.39% | −58.11% | 17.06% | −0.26% | 6.43% | 9.32% | 75% | 41% | |
| EBITDA Margin | −15.96% | −57.54% | 17.88% | 0.26% | 6.84% | 9.67% | 75% | 30% | |
| NOPAT Margin | — | −45.90% | 16.44% | −0.26% | 6.25% | 9.32% | 70% | 37% | |
| Net Margin | −21.92% | −49.10% | 21.69% | 6.36% | 13.26% | 14.30% | 75% | 41% | |
| FCF Margin | −26.55% | −35.32% | 26.91% | 14.94% | 7.89% | 5.39% | 42% | 39% | |
| OCF Margin | −25.66% | −34.21% | 27.33% | 15.45% | 15.77% | 6.13% | 42% | 28% | |
| Capex Intensity | 0.88% | 1.11% | 0.42% | 0.51% | 7.88% | 0.74% | 42% | 30% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 2 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 3 ratios | |||||||||
| ▸Per share · 6 ratios | |||||||||
The five drivers multiply to 11.6% vs reported ROE 11.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 3.03B | CNY 3.21B | CNY 2.80B | CNY 2.63B | CNY 2.77B | CNY 3.98B |
| YoY % | +5.9% | -12.6% | -6.1% | +5.4% | +43.5% | |
| R&D Expense | CNY 244.2M | CNY 379.0M | CNY 291.3M | CNY 299.1M | CNY 216.5M | CNY 232.7M |
| YoY % | +55.2% | -23.1% | +2.7% | -27.6% | +7.5% | |
| Selling & Marketing Expense | CNY 2.13B | CNY 3.10B | CNY 624.5M | CNY 740.5M | CNY 694.8M | CNY 1.12B |
| YoY % | +45.7% | -79.9% | +18.6% | -6.2% | +61.3% | |
| SG&A Expense | CNY 407.2M | CNY 530.5M | CNY 388.7M | CNY 402.4M | CNY 367.7M | CNY 310.1M |
| YoY % | +30.3% | -26.7% | +3.5% | -8.6% | -15.6% | |
| Total Operating Expenses | CNY 3.52B | CNY 5.07B | CNY 2.32B | CNY 2.64B | CNY 2.59B | CNY 3.61B |
| YoY % | +43.8% | -54.2% | +13.5% | -1.7% | +39.1% | |
| Operating Income | -CNY 496.2M | -CNY 1.86B | CNY 478.0M | -CNY 6.7M | CNY 178.2M | CNY 370.9M |
| YoY % | +108.2% | |||||
| Interest & Investment Income | CNY 26.5M | CNY 48.7M | CNY 81.7M | CNY 136.0M | CNY 149.1M | CNY 135.7M |
| YoY % | +83.5% | +67.9% | +66.5% | +9.6% | -9.0% | |
| Other Non-Operating Income | CNY 8.1M | CNY 9.8M | CNY 66.9M | CNY 30.6M | CNY 25.3M | CNY 36.6M |
| YoY % | +21.3% | +585.5% | -54.3% | -17.3% | +44.8% | |
| Equity Method Income | -CNY 15,000 | — | — | — | — | — |
| Impairment of Real Estate | — | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 |
| Pretax Income | — | -CNY 1.80B | CNY 630.7M | CNY 164.2M | CNY 360.6M | CNY 543.4M |
| YoY % | -74.0% | +119.6% | +50.7% | |||
| Income Tax | CNY 50.2M | -CNY 221.0M | CNY 23.0M | CNY 555,000 | CNY 9.7M | -CNY 21.6M |
| YoY % | -97.6% | +1649.0% | ||||
| Net Income (incl. NCI) | -CNY 663.9M | -CNY 1.57B | CNY 607.7M | CNY 163.7M | CNY 350.9M | CNY 565.1M |
| YoY % | -73.1% | +114.4% | +61.0% | |||
| Net Income | -CNY 663.9M | -CNY 1.57B | CNY 607.7M | CNY 167.2M | CNY 367.5M | CNY 568.9M |
| YoY % | -72.5% | +119.8% | +54.8% | |||
| Net Income to Common | -CNY 1.11B | -CNY 1.73B | CNY 607.7M | CNY 167.2M | CNY 367.5M | CNY 568.9M |
| YoY % | -72.5% | +119.8% | +54.8% | |||
| EPS (Basic) | -CNY 0.94 | -CNY 0.58 | CNY 0.15 | CNY 0.04 | CNY 0.10 | CNY 0.16 |
| YoY % | -73.3% | +150.0% | +60.0% | |||
| EPS (Diluted) | -CNY 0.94 | -CNY 0.58 | CNY 0.15 | CNY 0.04 | CNY 0.10 | CNY 0.15 |
| YoY % | -73.3% | +150.0% | +50.0% | |||
| Weighted Avg Shares (Basic) | 1.17B | 2.99B | 3.92B | 3.77B | 3.65B | 3.62B |
| YoY % | +154.6% | +31.1% | -3.9% | -3.2% | -1.0% | |
| Weighted Avg Shares (Diluted) | 1.17B | 2.99B | 4.02B | 3.88B | 3.72B | 3.71B |
| YoY % | +154.6% | +34.5% | -3.5% | -4.2% | -0.2% |
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.
| — |
| semi-annual |
| licensed |
| 2025-10-10 | $0.0300 | 2025-11-07 | sa | licensed |
| 2025-04-11 | $0.0200 | 2025-05-02 | sa | licensed |
| 2024-10-11 | $0.0200 | — | semi-annual | licensed |
| 2024-04-18 | $0.0400 | — | semi-annual | licensed |
