Year ended 31 December
2021 2022 2023 2024 2025
RMB'000 RMB'000 RMB'000 RMB'000 RMB'000
Revenue 429,203 345,387 277,861 370,559 377,309
Cost of sales (288,782) (241,526) (192,597) (246,682) (249,549)
Gross profit 140,421 103,861 85,264 123,877 127,760
Other income and other gains/(loss), net 3,692 5,678 7,509 169 2,835
Distribution costs (83,459) (77,594) (73,240) (72,310) (90,031)
Administrative expenses (68,675) (62,401) (63,211) (66,106) (66,192)
Net (provision for)/reversal of impairment losses on financial assets 6,465 (29,769) 11,299 8,749 391
Operating profit/(loss) (1,556) (60,225) (32,379) (5,621) (25,237)
Finance income, net 14,169 14,940 10,552 10,164 7,157
Share of profit of associates 2,121 1,379 1,997 1,816 2,133
Share of profit of a joint venture 519 - 0 0 0
Profi/t(Loss) before income tax 15,253 (43,906) (19,830) 6,359 (15,947)
Income tax (expense)/credit (4,590) 3,118 (4,034) (1,946) (37)
Profit/(Loss) attributable to owners of the Company for the year 10,663 (40,788) (23,864) 4,413 (15,984)