| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 180.1 | 56.8 | 44.3 | 117.4 | 456.2 | 418.0 | −8.4% | |
| Cost of revenue | 73.9 | 20.8 | 15.1 | 42.1 | 176.2 | 160.8 | −8.7% | |
| Gross profit | 106.2 | 36.0 | 29.2 | 75.3 | 279.9 | 257.2 | −8.1% | |
| Research & development | 105.3 | 137.1 | 135.1 | 167.3 | 199.5 | 194.6 | −2.4% | |
| Selling, general & administrative | 98.8 | 230.6 | 204.2 | 210.5 | 364.4 | 391.7 | +7.5% | |
| Selling & marketing | 37.2 | 43.2 | 53.1 | 60.4 | 131.0 | 122.0 | −6.9% | |
| Operating expenses | 197.5 | 356.6 | 333.2 | 371.6 | 534.0 | 573.9 | +7.5% | |
| Operating income | (91.3) | (320.5) | (304.0) | (296.3) | (254.1) | (316.7) | −24.7% | |
| Interest expense | 2.3 | 1.8 | 3.8 | 15.0 | 3.4 | 6.0 | +77.1% | |
| Interest income | 3.8 | 5.1 | 4.7 | 8.5 | 30.6 | 58.6 | +91.5% | |
| Other income / expense | (0.5) | 6.8 | (25.3) | (5.9) | 24.4 | 35.9 | +46.9% | |
| Pre-tax income | (91.8) | (313.8) | (329.3) | (302.1) | (229.6) | (280.8) | −22.3% | |
| Income tax | 0.2 | 0.1 | 0.1 | 0.2 | 0.4 | (4.4) | −1242.2% | |
| Net income | (87.6) | (314.0) | (328.2) | (301.7) | (229.8) | (276.0) | −20.1% | |
| 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) | (1.68) | (5.56) | (5.74) | (4.96) | (6.84) | (7.52) | −9.9% | |
| EPS, diluted (per share) | (1.68) | (5.56) | (5.74) | (4.96) | (6.84) | (7.52) | −9.9% | |
| EBITDA | (83.5) | (303.9) | (304.7) | (264.3) | (202.1) | (239.6) | −18.5% | |
| Depreciation & amortization | 6.2 | 7.8 | 20.9 | 21.4 | 19.8 | 30.0 | +51.5% | |
| Weighted average shares (shares) | 54,781,500 | 56,492,500 | 57,347,500 | 60,747,004 | 33,592,000 | 36,666,250 | +9.2% | |
| Weighted average diluted shares (shares) | 54,781,500 | 56,492,500 | 57,347,500 | 60,747,000 | 33,592,000 | 36,666,250 | +9.2% | |
| Gross margin | 59.0% | 63.4% | 65.9% | 64.1% | 61.4% | 61.5% | +0.2 pts | |
| Operating margin | −50.7% | −564.3% | −685.9% | −252.3% | −55.7% | −75.8% | −20.1 pts | |
| Net margin | −48.7% | −552.7% | −740.6% | −256.9% | −50.4% | −66.0% | −15.7 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.
