| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,451.3 | 942.4 | 245.9 | 285.0 | 339.1 | 345.2 | +1.8% | |
| Cost of revenue | 2,036.8 | 835.9 | 221.2 | 243.8 | 277.4 | 283.3 | +2.1% | |
| Gross profit | 414.5 | 106.5 | 24.7 | 41.2 | 61.7 | 61.9 | +0.2% | |
| Research & development | 301.4 | 167.5 | 66.0 | 32.1 | 24.8 | 24.7 | −0.4% | |
| Selling, general & administrative | 339.1 | 896.3 | 208.2 | 274.2 | 162.6 | 166.8 | +2.6% | |
| Selling & marketing | 38.0 | 64.9 | 13.2 | 2.8 | 10.1 | 0.0 | −100.0% | |
| Operating expenses | 640.5 | 1,041.5 | 274.1 | 306.4 | 187.4 | 191.5 | +2.2% | |
| Operating income | (226.0) | (957.3) | (249.4) | (265.2) | (125.7) | (129.7) | −3.2% | |
| Interest expense | 13.0 | 8.3 | 5.1 | 0.6 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 | 0.1 | −95.2% | |
| Other income / expense | 19.3 | (236.8) | 17.3 | 170.2 | 146.3 | 26.3 | −82.0% | |
| Pre-tax income | (206.7) | (1,194.1) | (232.1) | (95.0) | 20.6 | (103.4) | −600.6% | |
| Income tax | 14.7 | 8.9 | 7.5 | (1.9) | (7.7) | (19.7) | −157.5% | |
| Net income | (221.4) | (1,171.2) | (244.0) | (91.8) | 30.8 | (82.4) | −367.3% | |
| 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) | (621.63) | (3,257.30) | (660.40) | (22.74) | 3.45 | (12.59) | −464.9% | |
| EPS, diluted (per share) | (621.63) | (3,257.30) | (660.40) | (22.74) | 3.45 | (12.59) | −464.9% | |
| EBITDA | (189.9) | (949.6) | (223.6) | (92.6) | (124.0) | (110.1) | +11.2% | |
| Depreciation & amortization | 3.8 | 7.7 | 3.3 | 1.8 | 1.6 | 19.6 | +1147.6% | |
| Weighted average shares (shares) | 354,374 | 359,551 | 369,533 | 4,034,877 | 8,926,591 | 6,538,164 | −26.8% | |
| Weighted average diluted shares (shares) | 354,374 | 359,551 | 369,533 | 4,034,877 | 8,926,591 | 6,538,164 | −26.8% | |
| Gross margin | 16.9% | 11.3% | 10.1% | 14.5% | 18.2% | 17.9% | −0.3 pts | |
| Operating margin | −9.2% | −101.6% | −101.4% | −93.1% | −37.1% | −37.6% | −0.5 pts | |
| Net margin | −9.0% | −124.3% | −99.2% | −32.2% | 9.1% | −23.9% | −33.0 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.
