| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429.9 | 507.9 | 563.2 | 537.4 | 515.8 | 539.6 | +4.6% | |
| Cost of revenue | 116.0 | 143.7 | 183.2 | 174.2 | 153.4 | 136.7 | −10.9% | |
| Gross profit | 313.9 | 364.1 | 380.0 | 363.2 | 362.4 | 402.9 | +11.2% | |
| Research & development | 263.9 | 367.9 | 421.9 | 347.0 | 232.3 | 166.5 | −28.3% | |
| Selling, general & administrative | 462.4 | 793.4 | 938.6 | 685.5 | 452.5 | 291.3 | −35.6% | |
| Selling & marketing | 168.6 | 303.1 | 370.3 | 247.7 | 190.9 | 165.2 | −13.5% | |
| Operating expenses | 726.3 | 1,161.2 | 1,360.4 | 1,032.5 | 720.0 | 457.8 | −36.4% | |
| Operating income | (412.4) | (797.1) | (980.4) | (669.3) | (357.6) | (54.8) | +84.7% | |
| Interest expense | 0.7 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 6.1 | 3.5 | 9.5 | 18.0 | 12.2 | 8.1 | −34.1% | |
| Other income / expense | 5.2 | 1.3 | 11.2 | 18.0 | 16.8 | 1.1 | −93.7% | |
| Pre-tax income | (407.2) | (795.8) | (969.2) | (651.3) | (340.7) | (53.8) | +84.2% | |
| Income tax | 0.0 | 0.9 | 2.0 | 2.4 | 5.9 | 1.6 | −73.6% | |
| Net income | (407.2) | (796.7) | (971.2) | (653.7) | (346.6) | (55.3) | +84.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (68.76) | (76.45) | (93.47) | (63.84) | (33.67) | (49.60) | −47.3% | |
| EPS, diluted (per share) | (68.76) | (76.45) | (93.47) | (63.84) | (33.67) | (49.60) | −47.3% | |
| EBITDA | (373.3) | (746.5) | (845.2) | (517.9) | (270.2) | (32.0) | +88.2% | |
| Depreciation & amortization | 33.3 | 47.8 | 124.1 | 133.4 | 52.2 | 21.8 | −58.3% | |
| Weighted average shares (shares) | 5,922,653 | 10,420,786 | 10,390,895 | 10,239,654 | 10,293,505 | 1,078,510 | −89.5% | |
| Weighted average diluted shares (shares) | 6,863,448 | 10,420,786 | 10,390,895 | 10,239,654 | 10,293,505 | 1,078,510 | −89.5% | |
| Gross margin | 73.0% | 71.7% | 67.5% | 67.6% | 70.3% | 74.7% | +4.4 pts | |
| Operating margin | −95.9% | −156.9% | −174.1% | −124.5% | −69.3% | −10.2% | +59.2 pts | |
| Net margin | −94.7% | −156.9% | −172.4% | −121.6% | −67.2% | −10.3% | +56.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in CNY; the shares trade in USD.
