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TH International Ltd (THCH) — Cost of Revenue

Annual figures by fiscal year, from SEC filings.

2021: 16.73M CNY2022: 48.55M CNY2023: 149.69M CNY2024: 153.61M CNY2025: 171.33M CNY171.33M CNY
2021Cost of Revenue (CNY)2025
Fiscal YearCost of RevenueChange YoY
2025171.33M CNY+11.5%
2024153.61M CNY+2.6%
2023149.69M CNY+208.3%
202248.55M CNY+190.2%
202116.73M CNY—