Full year 2021 results:
- Revenue: CN¥34.8b (up 46% from FY 2020).
- Net income: CN¥2.66b (up 2.5% from FY 2020).
- Profit margin: 7.6% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses.
Revenue exceeded analyst estimates by 16%.Over the next year, revenue is expected to shrink by 1.2% compared to a 6.9% growth forecast for the industry in Singapore.