| Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
| CNY | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | | Sep-24 | | Sep-23 | Sep-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 154,786 | 141,736 | 173,827 | 140,792 | 192,380 | | 203,304 | | 142,961 | 153,885 |
| % Growth | NA | -8.4% | 22.6% | -19.0% | 36.6% | | | | | 7.6% |
| | | | | | | | | | |
| Cost of Revenue | (143,743) | (130,520) | (164,389) | (122,319) | (170,353) | | (175,217) | | (126,661) | (131,525) |
| Gross Profit | 11,043 | 11,216 | 9,439 | 18,472 | 22,027 | | 28,087 | | 16,300 | 22,360 |
| % Revenue | 7.1% | 7.9% | 5.4% | 13.1% | 11.4% | | 13.8% | | 11.4% | 14.5% |
| | | | | | | | | | |
| Research and Development | (5,347) | (6,317) | (9,415) | (9,536) | (8,924) | | (8,077) | | (6,495) | (5,648) |
| Selling and Marketing | (7,495) | (11,136) | (16,961) | (9,756) | (10,433) | | (11,243) | | (7,500) | (8,310) |
| General and Admin | (6,215) | (7,551) | (28,715) | (17,005) | (8,412) | | (8,537) | | (6,183) | (6,308) |
| Other Inc / (Exp) | (3,358) | (1,048) | (4,057) | (7,067) | 689 | | 2,951 | | (2,438) | (176) |
| Total Operating Exp | (22,415) | (26,053) | (59,148) | (43,363) | (27,080) | | (24,906) | | (22,616) | (20,442) |
| | | | | | | | | | |
| Operating Income | (11,372) | (14,836) | (49,709) | (24,891) | (5,053) | | 3,181 | | (6,316) | 1,918 |
| % Revenue | -7.3% | -10.5% | -28.6% | -17.7% | -2.6% | | 1.6% | | -4.4% | 1.2% |
| | | | | | | | | | |
| Interest Expense | 1,291 | 3,926 | 541 | 1,113 | 5,677 | | 4,976 | | 1,571 | 870 |
| Pre-tax Income | (10,081) | (10,911) | (49,168) | (23,779) | 625 | | 8,158 | | (4,745) | 2,788 |
| Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Provision for Taxes | 348 | 303 | (166) | (4) | (90) | | (211) | | (56) | (177) |
| Net Income to Company | (9,733) | (10,608) | (49,335) | (23,783) | 535 | | 7,947 | | (4,801) | 2,611 |
| % Margin | -6.3% | -7.5% | -28.4% | -16.9% | 0.3% | | 3.9% | | -3.4% | 1.7% |
| | | | | | | | | | |
| Minority Interest in Earnings | 5 | 93 | (9) | (1) | (42) | | (17) | | (37) | (12) |
| Net Income to Stockholders | (9,728) | (10,514) | (49,344) | (23,783) | 494 | | 7,931 | | (4,838) | 2,599 |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Other Adj. | 0 | (166) | (688) | (899) | (996) | | (996) | | 0 | 0 |
| | | | | | | | | | |
| Net Income to Common | (9,728) | (10,680) | (50,031) | (24,682) | (502) | | 6,935 | | (4,838) | 2,599 |
| % Margin | -6.3% | -7.5% | -28.8% | -17.5% | -0.3% | | 3.4% | | -3.4% | 1.7% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | (24.16) | (25.03) | (19.01) | (5.10) | (0.10) | | 1.42 | | (0.99) | 0.53 |
| Diluted EPS (Continuing Ops) | (24.16) | (25.03) | (19.01) | (5.10) | (0.10) | | 1.41 | | (0.99) | 0.52 |
| | | | | | | | | | |
| WA Basic Shares Out. | 402.74 | 426.78 | 2,631.99 | 4,843.92 | 4,898.31 | | 4,913.87 | | 4,890.63 | 4,906.20 |
| WA Diluted Shares Out. | 402.74 | 426.78 | 2,631.99 | 4,843.92 | 4,898.31 | | 4,999.58 | | 4,890.63 | 4,991.90 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (10,081) | (10,911) | (49,168) | (23,779) | 625 | | 8,158 | | (4,745) | 2,788 |
| Addback: Net Interest Expense | (1,291) | (3,926) | (541) | (1,113) | (5,677) | | (4,976) | | (1,571) | (870) |
| Addback: Other Non Operating Expenses, Total | 1,431 | 26 | 1,100 | 1,278 | (817) | | (3,934) | | 3,225 | 108 |
| Addback: Depreciation & Amortization | 4,012 | 5,269 | 6,045 | 5,143 | 4,249 | | 3,578 | | 2,940 | 2,269 |
| Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Goodwill Impairment | 0 | 0 | 2,789 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Invest. | 1,927 | 1,022 | 167 | 5,788 | 128 | | 275 | | 5 | 152 |
| Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Adjusted EBITDA | (4,002) | (8,519) | (39,607) | (12,681) | (1,493) | | 3,100 | | (146) | 4,447 |
| % Margin | -2.6% | -6.0% | -22.8% | -9.0% | -0.8% | | 1.5% | | -0.1% | 2.9% |
| | | | | | | | | | |
| Adjusted EBIT | (8,013) | (13,788) | (45,652) | (17,824) | (5,741) | | (477) | | (3,086) | 2,178 |
| % Margin | -5.2% | -9.7% | -26.3% | -12.7% | -3.0% | | -0.2% | | -2.2% | 1.4% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (9,733) | (10,608) | (49,335) | (23,783) | 535 | | 7,947 | | (4,801) | 2,611 |
| Addback: Unusual Items | 1,927 | 1,022 | 2,956 | 5,788 | 128 | | 275 | | 5 | 152 |
| Less: Tax Benefit of Unusual Items (26%) | (501) | (266) | (769) | (1,505) | (33) | | (71) | | (1) | (40) |
| Adjusted Net Income | (8,307) | (9,851) | (47,147) | (19,499) | 630 | | 8,150 | | (4,797) | 2,723 |
| % Margin | -5.4% | -7.0% | -27.1% | -13.8% | 0.3% | | 4.0% | | -3.4% | 1.8% |