Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
CNY | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Mar-25 | | Mar-25 | | Mar-24 | Mar-25 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 2,859 | 3,652 | 3,501 | 5,036 | 6,702 | | 6,702 | | 5,036 | 6,702 |
% Growth | NA | 27.7% | -4.2% | 43.9% | 33.1% | | | | | 33.1% |
| | | | | | | | | | |
Cost of Revenue | (1,447) | (2,103) | (2,326) | (2,814) | (4,072) | | (4,072) | | (2,814) | (4,072) |
Gross Profit | 1,412 | 1,549 | 1,175 | 2,222 | 2,631 | | 2,631 | | 2,222 | 2,631 |
% Revenue | 49.4% | 42.4% | 33.6% | 44.1% | 39.3% | | 39.3% | | 44.1% | 39.3% |
| | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Selling and Marketing | (439) | (565) | (348) | (710) | (789) | | (789) | | (710) | (789) |
General and Admin | (765) | (997) | (684) | (951) | (1,074) | | (1,074) | | (951) | (1,074) |
Other Inc / (Exp) | (424) | (7) | (526) | (476) | (734) | | (734) | | (476) | (734) |
Total Operating Exp | (1,627) | (1,569) | (1,559) | (2,136) | (2,597) | | (2,597) | | (2,136) | (2,597) |
| | | | | | | | | | |
Operating Income | (216) | (20) | (384) | 85 | 34 | | 34 | | 85 | 34 |
% Revenue | -7.6% | -0.5% | -11.0% | 1.7% | 0.5% | | 0.5% | | 1.7% | 0.5% |
| | | | | | | | | | |
Interest Expense | 98 | 149 | 130 | 215 | 260 | | 260 | | 215 | 260 |
Pre-tax Income | (118) | 129 | (254) | 300 | 294 | | 294 | | 300 | 294 |
Earnings of Discontinued Ops. | 0 | 0 | (25) | (61) | 0 | | 0 | | (61) | 0 |
Provision for Taxes | 1 | 25 | 0 | 59 | 92 | | 92 | | 59 | 92 |
Net Income to Company | (117) | 154 | (279) | 297 | 386 | | 386 | | 297 | 386 |
% Margin | -4.1% | 4.2% | -8.0% | 5.9% | 5.8% | | 5.8% | | 5.9% | 5.8% |
| | | | | | | | | | |
Minority Interest in Earnings | 21 | 16 | (12) | (13) | (23) | | (23) | | (13) | (23) |
Net Income to Stockholders | (96) | 170 | (291) | 285 | 364 | | 364 | | 285 | 364 |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 25 | 61 | 0 | | 0 | | 61 | 0 |
| | | | | | | | | | |
Net Income to Common | (96) | 170 | (266) | 346 | 364 | | 364 | | 346 | 364 |
% Margin | -3.4% | 4.7% | -7.6% | 6.9% | 5.4% | | 5.4% | | 6.9% | 5.4% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | (0.00) | 0.01 | (0.01) | 0.01 | 0.01 | | 0.01 | | 0.01 | 0.01 |
Diluted EPS (Continuing Ops) | (0.00) | 0.01 | (0.01) | 0.01 | 0.01 | | 0.01 | | 0.01 | 0.01 |
| | | | | | | | | | |
WA Basic Shares Out. | 26,605.01 | 26,614.26 | 26,790.98 | 27,651.79 | 29,467.85 | | 29,467.85 | | 27,651.79 | 29,467.85 |
WA Diluted Shares Out. | 26,605.01 | 26,614.26 | 26,790.98 | 27,749.18 | 29,665.98 | | 29,665.98 | | 27,749.18 | 29,665.98 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | (118) | 129 | (254) | 300 | 294 | | 294 | | 300 | 294 |
Addback: Net Interest Expense | (98) | (149) | (130) | (215) | (260) | | (260) | | (215) | (260) |
Addback: Other Non Operating Expenses, Total | 234 | 96 | 77 | 156 | 212 | | 212 | | 156 | 212 |
Addback: Depreciation & Amortization | 38 | 46 | 17 | 29 | 92 | | 92 | | 29 | 92 |
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 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 166 | 2 | 484 | 168 | 431 | | 431 | | 168 | 431 |
Addback: Gain (Loss) On Sale Of Assets | 0 | (36) | (11) | (8) | (16) | | (16) | | (8) | (16) |
Addback: Asset Writedown | 45 | (25) | (16) | 193 | 151 | | 151 | | 193 | 151 |
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 | (11) | | (11) | | 0 | (11) |
Adjusted EBITDA | 267 | 63 | 167 | 624 | 891 | | 891 | | 624 | 891 |
% Margin | 9.3% | 1.7% | 4.8% | 12.4% | 13.3% | | 13.3% | | 12.4% | 13.3% |
| | | | | | | | | | |
Adjusted EBIT | 229 | 17 | 150 | 595 | 800 | | 800 | | 595 | 800 |
% Margin | 8.0% | 0.5% | 4.3% | 11.8% | 11.9% | | 11.9% | | 11.8% | 11.9% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | (117) | 154 | (279) | 297 | 386 | | 386 | | 297 | 386 |
Addback: Unusual Items | 211 | (59) | 457 | 353 | 554 | | 554 | | 353 | 554 |
Less: Tax Benefit of Unusual Items (26%) | (55) | 15 | (119) | (92) | (144) | | (144) | | (92) | (144) |
Adjusted Net Income | 39 | 111 | 59 | 559 | 797 | | 797 | | 559 | 797 |
% Margin | 1.4% | 3.0% | 1.7% | 11.1% | 11.9% | | 11.9% | | 11.1% | 11.9% |