Financial Cockpit · CEO / CFO Review

Single P&L source · Budget / Actual / Forecast — Jun 2026 · QTD

CFO skill

Jun 24 – Jun 30, 2026 · Jun 2026

Deterministic

This period, group OP came in at RMB 196M (-28.0% vs plan). Gross margin was 19.0% (plan 22.9%). The single largest driver is BOM, RMB +19M vs plan1, with MFG cost RMB +6M vs plan.

Gross margin slipped -1.1pp to 18.5%
Monthly OP fell RMB 7M to RMB 63M

P1Drive BOM cost-down with procurement on top variance materialsOpen
Owner:Due:Impact:
Why:BOM vs planRMB +19MGross margin19.0% vs 22.9%
P2Close MFG conversion-cost variance at overrun sitesOpen
Owner:Due:Impact:
Why:MFG vs planRMB +6M
P3Tighten OPEX discretionary spend to protect OPOpen
Owner:Due:Impact:
Why:OP vs plan-28.0%

Week-over-Week Movement

2 improved4 worsened· Jun 2026 vs May 2026

Revenue-8M

RMB 575M

from RMB 583M last week

Gross margin-1.1pp

18.5%

from 19.5% last week

Operating profit-7M

RMB 63M

from RMB 70M last week

BOM cost+0M

RMB 350M

from RMB 349M last week

MFG cost-1M

RMB 109M

from RMB 110M last week

OPEX-0M

RMB 43M

from RMB 44M last week

Biggest Drivers

MFG conversion cost -RMB 1M to RMB 109M
Revenue -RMB 8M to RMB 575M

Revenue

RMB 1.70B

Bud RMB 1.76B-3.1%

Gross Profit

RMB 324M

19.0% margin-19.6%

OPEX

RMB 128M

Bud RMB 131M-2.2%

Operating Profit

RMB 196M

Bud RMB 272M-28.0%

Supply Chain Pulse

Open Supply Chain →

Inventory DOH

Supplier OTIF

96.7%

Forecast accuracy

87.7%

Changeover unplanned

7.7%

Cost leakage

378.9

RMB M/yr

ForecastEcom-KA2 (S) forecast-error exposure85.5% vs 92% · 4,253t error
ForecastEcom-KA1 (S) forecast-error exposure85.5% vs 92% · 3,986t error
InventoryPlant-3-Chengdu · CC-BC220-DW DOH over corridor26.8d vs 15-20d corridor

BU performance matrix

Actual vs budget by business unit — click a row to scope the bridge & P&L below

Business Unit	Status	Revenue	vs Bud	GP	vs Bud	OP	vs Bud
Corrugated Cases	MISS	RMB 837M	-3.9%	RMB 121M	-31.6%	RMB 58M	-48.0%
Heavy-Duty Containers	MISS	RMB 325M	-6.7%	RMB 66M	-19.5%	RMB 42M	-26.4%
Folding Carton	MISS	RMB 206M	-1.1%	RMB 46M	-11.4%	RMB 31M	-15.1%
Retail Display / RRP	AT RISK	RMB 336M	+1.7%	RMB 90M	-1.3%	RMB 65M	-3.3%

OP loss bridge · Budget → Actual

Decomposition of the operating-profit gap vs plan · All business units

Manufacturing cost by plant

Ranked by loss per KSqM, not absolute RMB — the largest plants lose the most in total, so absolute would point at the wrong plant. Click a plant to drill in.

Site	Status	MFG cost	Yield loss	Loss / KSqM	Yield%
Plant-3-Chengdu	AT RISK	RMB 50M	RMB 16M	0.27	93.7%
Plant-2-Suzhou	OK	RMB 87M	RMB 18M	0.18	96.0%
Plant-1-Dongguan	OK	RMB 95M	RMB 17M	0.17	96.3%
Plant-4-Tianjin	OK	RMB 49M	RMB 11M	0.16	96.3%
Plant-5-Qingdao	OK	RMB 40M	RMB 9M	0.15	96.4%

P&L detail · Actual vs Budget vs LY

All business units · scoped from the BU performance matrix

Line item	Actual	Budget	vs Budget	LY	vs LY
Net Revenue	RMB 1.70B	RMB 1.76B	-3.1%	RMB 1.62B	+5.2%
COGS	RMB 1.38B	RMB 1.35B	+1.8%	RMB 1.24B	+10.9%
BOM / raw material	RMB 1.03B	RMB 1.01B	+1.8%	RMB 923M	+11.8%
Manufacturing	RMB 321M	RMB 315M	+1.8%	RMB 296M	+8.4%
Inventory loss	RMB 27M	RMB 27M	+1.8%	RMB 25M	+7.0%
Gross Profit	RMB 324M	RMB 403M	-19.6%	RMB 376M	-13.8%
Operating Expense	RMB 128M	RMB 131M	-2.2%	RMB 122M	+4.7%
Selling	RMB 60M	RMB 61M	-2.2%	RMB 57M	+4.8%
R&D	RMB 20M	RMB 21M	-2.2%	RMB 20M	+4.4%
G&A	RMB 48M	RMB 49M	-2.2%	RMB 45M	+4.8%
Operating Profit	RMB 196M	RMB 272M	-28.0%	RMB 254M	-22.7%

G&A cost items

Group — actual vs budget by item

Item	Actual	Budget	Variance
Salaries & benefits	RMB 6.83M	RMB 6.90M	RMB -0.07M
Facilities & rent	RMB 2.60M	RMB 2.60M	RMB 0.00M
IT & systems	RMB 2.21M	RMB 2.11M	+RMB 0.10M
Depreciation & amortization	RMB 1.76M	RMB 1.69M	+RMB 0.07M
Professional fees	RMB 1.41M	RMB 1.41M	RMB 0.00M
Travel & entertainment	RMB 1.03M	RMB 1.01M	+RMB 0.02M
Other G&A	RMB 0.63M	RMB 0.64M	RMB -0.01M
Total	RMB 16.47M	RMB 16.36M	+RMB 0.11M