| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 10.9 | 3.0 | 7.1 | 4.4 | 3.5 | 4.4 | +23.4% | |
| Cash & short-term investments | 14.3 | 4.3 | 7.9 | 5.4 | 4.5 | 4.7 | +4.4% | |
| Receivables | 5.0 | 4.8 | 4.0 | 6.0 | 4.1 | 4.5 | +9.8% | |
| Inventory | 0.0 | 0.1 | 0.0 | 0.6 | 0.0 | 0.0 | — | |
| Total current assets | 22.3 | 11.5 | 13.8 | 12.6 | 9.5 | 10.3 | +8.0% | |
| Property, plant & equipment | 2.4 | 2.3 | 1.8 | 1.5 | 1.5 | 1.4 | −6.4% | |
| Goodwill & intangibles | 17.5 | 22.6 | 24.1 | 11.1 | 11.0 | 24.6 | +122.6% | |
| Long-term investments | 3.2 | 3.0 | 2.5 | 2.3 | 2.1 | 1.8 | −15.9% | |
| Total assets | 48.2 | 42.5 | 46.0 | 44.6 | 45.8 | 46.7 | +2.0% | |
| Payables | 7.6 | 8.9 | 6.0 | 5.7 | 6.5 | 6.7 | +2.6% | |
| Short-term debt | 8.6 | 4.1 | 12.4 | 6.4 | 4.2 | 4.7 | +11.6% | |
| Total current liabilities | 24.9 | 22.5 | 28.1 | 22.3 | 21.5 | 22.1 | +2.7% | |
| Long-term debt | 12.6 | 12.7 | 9.6 | 8.2 | 9.4 | 10.1 | +7.4% | |
| Total debt | 22.2 | 17.6 | 22.5 | 15.3 | 14.2 | 15.2 | +7.4% | |
| Net debt | 11.3 | 14.6 | 14.7 | 10.9 | 10.7 | 10.9 | +2.1% | |
| Deferred revenue | 3.4 | 3.5 | 4.2 | 0.0 | 0.1 | 4.2 | +8263.3% | |
| Total liabilities | 38.8 | 36.8 | 39.7 | 32.4 | 32.4 | 33.4 | +3.0% | |
| Total equity | 9.3 | 5.2 | 6.3 | 12.1 | 13.4 | 13.3 | −0.4% | |
| Retained earnings | (41.0) | (47.2) | (46.5) | (44.6) | (43.8) | (44.0) | −0.5% |
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.
