| Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
| CNY | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Dec-19 | Dec-20 | Jan-22 | Jan-23 | Dec-23 | | Sep-24 | | Sep-23 | Sep-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 353 | 489 | 312 | 293 | 682 | | 541 | | 535 | 394 |
| % Growth | NA | 38.4% | -36.2% | -6.2% | 132.9% | | | | | -26.3% |
| | | | | | | | | | |
| Cost of Revenue | (308) | (447) | (247) | (256) | (628) | | (513) | | (488) | (374) |
| Gross Profit | 46 | 42 | 65 | 37 | 54 | | 27 | | 46 | 20 |
| % Revenue | 12.9% | 8.7% | 20.9% | 12.6% | 7.9% | | 5.1% | | 8.7% | 5.1% |
| | | | | | | | | | |
| Research and Development | (13) | (7) | (6) | (6) | (11) | | (7) | | (10) | (5) |
| Selling and Marketing | (30) | (35) | (28) | (18) | (18) | | (6) | | (20) | (7) |
| General and Admin | (69) | (58) | (31) | (43) | (46) | | (43) | | (32) | (29) |
| Other Inc / (Exp) | (29) | (28) | (3) | (8) | (10) | | (7) | | (2) | 1 |
| Total Operating Exp | (141) | (129) | (68) | (75) | (86) | | (63) | | (63) | (40) |
| | | | | | | | | | |
| Operating Income | (95) | (86) | (3) | (38) | (32) | | (35) | | (17) | (20) |
| % Revenue | -26.9% | -17.7% | -1.1% | -12.9% | -4.7% | | -6.5% | | -3.1% | -5.1% |
| | | | | | | | | | |
| Interest Expense | 6 | 2 | 9 | (2) | 0 | | 2 | | 0 | 1 |
| Pre-tax Income | (90) | (85) | 6 | (39) | (32) | | (34) | | (17) | (19) |
| Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Provision for Taxes | (3) | (3) | 1 | 7 | 3 | | 4 | | 2 | 3 |
| Net Income to Company | (93) | (87) | 7 | (33) | (29) | | (30) | | (15) | (16) |
| % Margin | -26.3% | -17.9% | 2.1% | -11.1% | -4.2% | | -5.5% | | -2.8% | -4.0% |
| | | | | | | | | | |
| Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Net Income to Stockholders | (93) | (87) | 7 | (33) | (29) | | (30) | | (15) | (16) |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
| Net Income to Common | (93) | (87) | 7 | (33) | (29) | | (30) | | (15) | (16) |
| % Margin | -26.3% | -17.9% | 2.1% | -11.1% | -4.2% | | -5.5% | | -2.8% | -4.0% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | (0.72) | (0.67) | 0.05 | (0.26) | (0.23) | | (0.25) | | (0.11) | (0.13) |
| Diluted EPS (Continuing Ops) | (0.72) | (0.67) | 0.05 | (0.26) | (0.23) | | (0.25) | | (0.11) | (0.13) |
| | | | | | | | | | |
| WA Basic Shares Out. | 129.94 | 130.59 | 130.17 | 125.19 | 124.22 | | 110.53 | | 135.60 | 121.91 |
| WA Diluted Shares Out. | 129.94 | 130.59 | 130.17 | 125.19 | 124.22 | | 110.53 | | 135.60 | 121.91 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (90) | (85) | 6 | (39) | (32) | | (34) | | (17) | (19) |
| Addback: Net Interest Expense | (6) | (2) | (9) | 2 | (0) | | (2) | | (0) | (1) |
| Addback: Other Non Operating Expenses, Total | 1 | 2 | 2 | (1) | 3 | | 2 | | 3 | 2 |
| Addback: Depreciation & Amortization | 16 | 9 | 5 | 4 | 1 | | (1) | | 3 | 1 |
| 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 | 15 | 0 | 0 | 0 | 4 | | 4 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 1 | 7 | 2 | | (1) | | 2 | (1) |
| Addback: Gain (Loss) On Sale Of Assets | 0 | 1 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Asset Writedown | 14 | 6 | 0 | 3 | 1 | | 4 | | (3) | 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 | 2 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Other Unusual Items | (3) | 17 | 0 | (2) | (1) | | (3) | | 0 | (2) |
| Adjusted EBITDA | (52) | (51) | 4 | (27) | (21) | | (30) | | (12) | (21) |
| % Margin | -14.7% | -10.3% | 1.2% | -9.1% | -3.1% | | -5.6% | | -2.2% | -5.3% |
| | | | | | | | | | |
| Adjusted EBIT | (68) | (60) | (1) | (30) | (22) | | (29) | | (15) | (22) |
| % Margin | -19.3% | -12.2% | -0.3% | -10.4% | -3.3% | | -5.4% | | -2.7% | -5.5% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (93) | (87) | 7 | (33) | (29) | | (30) | | (15) | (16) |
| Addback: Unusual Items | 26 | 25 | 1 | 8 | 7 | | 4 | | (1) | (4) |
| Less: Tax Benefit of Unusual Items (26%) | (7) | (7) | (0) | (2) | (2) | | (1) | | 0 | 1 |
| Adjusted Net Income | (74) | (69) | 7 | (27) | (24) | | (26) | | (16) | (18) |
| % Margin | -20.9% | -14.1% | 2.3% | -9.1% | -3.5% | | -4.9% | | -2.9% | -4.7% |