All values in CNY	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	68.30M	68.30M	110.09M	110.09M
Cost of goods sold	80.79M	80.79M	124.63M	124.63M
Cost of revenue	80.79M	80.79M	124.63M	124.63M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	27.30M	27.30M	41.06M	41.06M
Operating expense	44.93M	44.93M	85.47M	85.47M
Total operating expenses	125.72M	125.72M	210.10M	210.10M
Operating income	-57.42M	-57.42M	-100.01M	-100.01M
Other non operating income	-795.50K	-795.50K	785.00K	785.00K
EBT including unusual items	-143.13M	-143.13M	-193.42M	-193.42M
EBT excluding unusual items	-87.26M	-87.26M	-146.89M	-146.89M
Income tax expense	-2.06M	-2.06M	28.46M	28.46M
Effective tax rate	1.44%	1.44%	-14.71%	-14.71%
Other operating expenses	17.63M	17.63M	44.41M	44.41M
Net income	-119.05M	-119.05M	-193.96M	-193.96M
Net profit margin	-174.31%	-174.31%	-176.19%	-176.19%
Earnings per share	-	-	-	-
Interest and investment income	3.00K	3.00K	2.50K	2.50K
Interest expense	-29.04M	-29.04M	-47.66M	-47.66M
Net interest expenses	-29.04M	-29.04M	-47.66M	-47.66M
Depreciation and amortization charges	-	-	-	-
EBITDA	-34.30M	-34.30M	-76.89M	-63.02M
Gain or loss from assets sale	-	-	-	-

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