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Income Statement, fiscal years · CNY, as filed
| Line item | Mar 24 | Dec 25 |
|---|---|---|
| Total revenue | CNY 1.37B | CNY 3.23B |
| Cost of revenue | CNY 1.29B | CNY 3.02B |
| Gross profit | CNY 80.56M | CNY 216.39M |
| Gross margin | 590.0% | 670.0% |
| Research & development | CNY 33.82M | CNY 12.40M |
| Selling, general & admin | — | — |
| Total operating expenses | CNY 411.06M | CNY 451.04M |
Source: SEC filings. Information and analytics, not investment advice.
| Operating income | -CNY 312.49M | -CNY 173.56M |
| Operating margin | -2270.0% | -540.0% |
| Interest expense | CNY 62.59M | CNY 94.46M |
| Pretax income | -CNY 375.25M | -CNY 262.42M |
| Tax provision | CNY 311.00K | CNY 39.00K |
| Net income | -CNY 369.54M | -CNY 262.46M |
| Net margin | -2690.0% | -810.0% |
| EBITDA | -CNY 300.19M | -CNY 163.96M |
| Basic EPS | — | — |
| Diluted EPS | — | — |