由盈转亏行业下行

2021年及2022年录得净亏损

We had net loss of RMB172.9 million in 2021 compared to net profit of RMB14.0 million in 2020, primarily due to (i) the increase in cost of sales; (ii) the increase in administrative expenses, especially share-based payments; and (iii) the increase in changes in the carrying amount of financial instruments issued to investors, despite (iv) the increase in revenue.

Summary · 第 11 页

Our net loss increased significantly from RMB172.9 million in 2021 to RMB564.2 million in 2022, primarily due to (i) the increase in cost of sales; and (ii) the increase in administrative expenses, especially share-based payments, despite (iii) the increase in revenue; and (iv) the decrease in changes in the carrying amount of financial instruments issued to investors.

Summary · 第 11 页