| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.4 | 3.7 | 3.2 | 2.7 | 3.3 | 4.2 | +27.4% | |
| Cost of revenue | 1.9 | 2.9 | 2.5 | 2.1 | 2.8 | 3.4 | +20.8% | |
| Gross profit | 0.6 | 0.8 | 0.7 | 0.6 | 0.5 | 0.8 | +64.5% | |
| Research & development | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | +24.4% | |
| Selling, general & administrative | 0.3 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 | +11.7% | |
| Selling & marketing | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.6 | +25.3% | |
| Operating expenses | 0.4 | 0.6 | 0.8 | 0.9 | 0.7 | 0.9 | +21.1% | |
| Operating income | 0.2 | 0.3 | (0.1) | (0.3) | (0.3) | (0.1) | +65.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +6.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −16.1% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −21.6% | |
| Pre-tax income | 0.2 | 0.3 | (0.1) | (0.3) | (0.2) | (0.1) | +72.0% | |
| Income tax | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | +5.3% | |
| Net income | 0.2 | 0.2 | (0.0) | (0.3) | (0.2) | (0.0) | +80.2% | |
| 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) | 2.24 | 2.94 | (0.66) | (3.46) | (2.44) | (0.48) | +80.3% | |
| EPS, diluted (per share) | 2.14 | 2.82 | (0.66) | (3.46) | (2.44) | (0.48) | +80.3% | |
| EBITDA | 0.2 | 0.4 | 0.1 | (0.1) | (0.1) | 0.1 | +165.2% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −7.7% | |
| Weighted average shares (shares) | 75,448,706 | 76,836,179 | 75,448,706 | 78,408,066 | 79,230,121 | 79,857,349 | +0.8% | |
| Weighted average diluted shares (shares) | 78,917,934 | 80,230,488 | 75,448,706 | 78,408,053 | 79,230,121 | 79,857,349 | +0.8% | |
| Gross margin | 22.9% | 21.9% | 21.1% | 21.5% | 15.2% | 19.6% | +4.4 pts | |
| Operating margin | 7.0% | 6.8% | −2.8% | −12.0% | −7.6% | −2.1% | +5.5 pts | |
| Net margin | 6.9% | 6.1% | −1.6% | −10.3% | −5.9% | −0.9% | +5.0 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.
