All values in CNY	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	4.82B	4.82B	5.20B	5.20B
Cost of goods sold	4.54B	4.54B	4.89B	4.89B
Cost of revenue	4.54B	4.54B	4.89B	4.89B
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	358.11M	358.11M	571.57M	571.57M
Operating expense	247.68M	247.68M	440.91M	440.91M
Total operating expenses	4.79B	4.79B	5.33B	5.33B
Operating income	32.21M	32.21M	-131.86M	-131.86M
Other non operating income	-	-	-	-
EBT including unusual items	-1.60M	-1.60M	-355.51M	-355.51M
EBT excluding unusual items	-1.60M	-1.60M	-223.72M	-223.72M
Income tax expense	3.70M	3.70M	977.50K	977.50K
Effective tax rate	-231.62%	-231.62%	-0.27%	-0.27%
Other operating expenses	-110.43M	-110.43M	-130.66M	-130.66M
Net income	-5.90M	-5.90M	-311.60M	-311.60M
Net profit margin	-0.12%	-0.12%	-6.00%	-6.00%
Earnings per share	-	-	-	-
Interest and investment income	13.72M	13.72M	-	-
Interest expense	-47.45M	-47.45M	-85.99M	-85.99M
Net interest expenses	-33.73M	-33.73M	-85.99M	-85.99M
Depreciation and amortization charges	-	-	-	-
EBITDA	79.53M	79.53M	-84.54M	-82.95M
Gain or loss from assets sale	-	-	14.29M	14.29M

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