| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,300.2 | 1,780.5 | 3,271.4 | 5,466.9 | 5,801.0 | 865.6 | −85.1% | |
| Cost of revenue | 239.2 | 335.9 | 565.2 | 2,011.6 | 2,033.5 | 191.6 | −90.6% | |
| Gross profit | 1,061.0 | 1,444.6 | 2,706.2 | 3,455.3 | 3,767.5 | 673.9 | −82.1% | |
| Research & development | 151.6 | 143.7 | 216.7 | 296.3 | 372.4 | 427.1 | +14.7% | |
| Selling, general & administrative | 530.0 | 824.4 | 1,275.4 | 1,753.8 | 2,134.9 | 2,730.4 | +27.9% | |
| Selling & marketing | 375.1 | 659.3 | 1,081.4 | 1,538.9 | 1,913.9 | 2,428.0 | +26.9% | |
| Operating expenses | 758.9 | 1,012.6 | 1,524.2 | 2,122.9 | 2,519.5 | 423.9 | −83.2% | |
| Operating income | 302.1 | 432.0 | 1,182.0 | 1,332.5 | 1,248.0 | 250.0 | −80.0% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 7.7 | (0.2) | 0.3 | 12.9 | 18.3 | 1.2 | −93.2% | |
| Other income / expense | 56.8 | 161.5 | 153.6 | 212.7 | 47.4 | 10.6 | −77.7% | |
| Pre-tax income | 358.9 | 593.5 | 1,335.6 | 1,545.2 | 1,295.4 | 260.6 | −79.9% | |
| Income tax | 108.8 | 125.7 | 155.4 | 247.6 | 238.9 | 47.0 | −80.3% | |
| Net income | 252.9 | 472.1 | 1,179.7 | 1,297.6 | 1,056.5 | 213.6 | −79.8% | |
| 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) | 4.68 | 8.76 | 21.92 | 24.24 | 19.88 | 4.16 | −79.1% | |
| EPS, diluted (per share) | 4.68 | 8.72 | 21.92 | 24.24 | 19.88 | 4.16 | −79.1% | |
| EBITDA | 325.3 | 447.6 | 1,192.0 | 1,341.9 | 1,265.9 | 270.5 | −78.6% | |
| Depreciation & amortization | 23.2 | 15.7 | 10.0 | 9.5 | 17.9 | 9.9 | −44.8% | |
| Weighted average shares (shares) | 54,034,750 | 54,138,250 | 53,816,500 | 53,532,136 | 53,142,750 | 51,428,975 | −3.2% | |
| Weighted average diluted shares (shares) | 54,025,000 | 54,025,000 | 53,815,000 | 53,499,058 | 53,108,250 | 51,428,975 | −3.2% | |
| Gross margin | 81.6% | 81.1% | 82.7% | 63.2% | 64.9% | 77.9% | +12.9 pts | |
| Operating margin | 23.2% | 24.3% | 36.1% | 24.4% | 21.5% | 28.9% | +7.4 pts | |
| Net margin | 19.5% | 26.5% | 36.1% | 23.7% | 18.2% | 24.7% | +6.5 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.
