| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | CNY 106.0M | −44.0% |
| Gross Profit | CNY 50.6M | −26.8% |
| EBITDA | -CNY 153.6M | — |
| Net Income | -CNY 154.4M | — |
| Diluted EPS | -CNY 0.31 | — |
| Free Cash Flow | CNY 30.5M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 61.71% | 59.80% | 61.17% | 47.21% | 36.58% | 47.75% | 42% | 74% | |
| Operating Margin | −103.07% | −67.45% | −39.76% | −200.48% | −113.00% | −154.26% | 25% | 3% | |
| EBITDA Margin | −100.00% | −64.49% | −35.10% | −191.02% | −106.51% | −144.83% | 25% | 3% | |
| NOPAT Margin | −81.43% | −53.29% | −31.41% | −158.38% | −89.27% | −121.86% | 25% | 2% | |
| Net Margin | −103.52% | −66.01% | −33.49% | −182.37% | −101.96% | −145.64% | 25% | 3% | |
| FCF Margin | −47.32% | −74.89% | −87.88% | −139.60% | −78.53% | 28.73% | 92% | 98% | |
| OCF Margin | −40.40% | −68.97% | −87.36% | −124.05% | −73.58% | 35.21% | 92% | 98% | |
| Gross Profitability | 23.56% | 82.65% | 33.13% | 11.79% | 12.59% | 8.57% | 8% | 8% | |
| Capex Intensity | 6.91% | 5.92% | 0.52% | 15.55% | 4.95% | 6.47% | 58% | 86% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | |||||||||
| ▸Earnings quality · 1 ratios | |||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
| Line | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|
| Revenue | CNY 1.29B | CNY 2.18B | CNY 531.1M | CNY 171.0M | CNY 189.2M | CNY 106.0M |
| YoY % | +68.8% | -75.7% | -67.8% | +10.7% | -44.0% | |
| Cost of Revenue | CNY 495.7M | CNY 878.2M | CNY 206.2M | CNY 90.3M | CNY 120.0M | CNY 55.4M |
| YoY % | +77.2% | -76.5% | -56.2% | +33.0% | -53.8% | |
| Gross Profit | CNY 798.7M | CNY 1.31B | CNY 324.9M | CNY 80.7M | CNY 69.2M | CNY 50.6M |
| YoY % | +63.6% | -75.1% | -75.2% | -14.2% | -26.8% | |
| R&D Expense | CNY 614.8M | CNY 800.2M | CNY 235.8M | CNY 167.9M | CNY 72.0M | CNY 56.2M |
| YoY % | +30.2% | -70.5% | -28.8% | -57.1% | -22.0% | |
| Selling & Marketing Expense | CNY 1.10B | CNY 1.41B | CNY 79.1M | CNY 101.3M | CNY 76.1M | CNY 83.0M |
| YoY % | +28.7% | -94.4% | +28.0% | -24.9% | +9.1% | |
| SG&A Expense | CNY 420.1M | CNY 445.4M | CNY 221.0M | CNY 154.3M | CNY 134.9M | CNY 75.0M |
| YoY % | +6.0% | -50.4% | -30.2% | -12.5% | -44.4% | |
| Total Operating Expenses | CNY 2.13B | CNY 2.78B | CNY 536.0M | CNY 423.5M | CNY 283.0M | CNY 214.2M |
| YoY % | +30.3% | -80.7% | -21.0% | -33.2% | -24.3% | |
| Operating Income | -CNY 1.33B | -CNY 1.47B | -CNY 211.1M | -CNY 342.8M | -CNY 213.8M | -CNY 163.6M |
| Interest Expense | CNY 2.9M | — | — | — | — | — |
| Interest & Investment Income | CNY 8.4M | CNY 24.6M | CNY 11.4M | CNY 27.8M | CNY 16.3M | CNY 8.7M |
| YoY % | +191.8% | -53.8% | +145.0% | -41.5% | -46.8% | |
| Impairment of Real Estate | CNY 0 | CNY 104.7M | CNY 0 | CNY 0 | — | — |
| YoY % | -100.0% | |||||
| Pretax Income | -CNY 1.34B | -CNY 1.44B | -CNY 177.9M | -CNY 311.8M | -CNY 192.9M | -CNY 154.4M |
| Income Tax | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 | CNY 0 |
| Net Income (incl. NCI) | -CNY 1.34B | -CNY 1.44B | -CNY 177.9M | -CNY 311.8M | -CNY 192.9M | -CNY 154.4M |
| Net Income | -CNY 1.34B | -CNY 1.44B | -CNY 177.9M | -CNY 311.8M | -CNY 192.9M | -CNY 154.4M |
| Net Income to Common | -CNY 4.18B | -CNY 1.44B | -CNY 177.9M | -CNY 311.8M | -CNY 192.9M | -CNY 154.4M |
| EPS (Basic) | -CNY 44.68 | -CNY 2.92 | -CNY 0.35 | -CNY 0.68 | -CNY 0.48 | -CNY 0.31 |
| EPS (Diluted) | -CNY 44.68 | -CNY 2.92 | -CNY 0.35 | -CNY 0.68 | -CNY 0.48 | -CNY 0.31 |
| Weighted Avg Shares (Basic) | 93.5M | 494.1M | 502.8M | 458.6M | 401.9M | 501.1M |
| YoY % | +428.4% | +1.8% | -8.8% | -12.4% | +24.7% | |
| Weighted Avg Shares (Diluted) | 93.5M | 494.1M | 502.8M | 458.6M | 401.9M | 501.1M |
| YoY % | +428.4% | +1.8% | -8.8% | -12.4% | +24.7% |
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.
