| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 3.5 | 5.8 | 4.0 | 4.3 | 6.3 | 6.0 | −4.6% | |
| Depreciation & amortization | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | — | |
| Stock-based compensation | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.4 | +125.7% | |
| Change in working capital | (4.4) | (4.9) | (5.1) | (3.2) | (1.5) | (1.0) | +36.0% | |
| Operating cash flow | 5.3 | 5.8 | 5.9 | 7.1 | 9.3 | 11.1 | +18.6% | |
| Capital expenditure | (0.0) | (0.0) | (0.0) | (0.1) | (0.2) | (0.2) | −57.1% | |
| Acquisitions | 8.8 | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | — | |
| Investing cash flow | 0.9 | (6.1) | (7.4) | (11.1) | (8.0) | (13.1) | −63.6% | |
| Dividends paid | 0.0 | 0.0 | (1.0) | (0.9) | (1.3) | (1.4) | −9.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (0.6) | (3.0) | (4.8) | −63.1% | |
| Debt issued / repaid | (0.0) | 0.5 | (0.4) | 0.7 | 0.7 | 3.1 | +321.6% | |
| Financing cash flow | (3.3) | 2.3 | 3.2 | 1.1 | (2.1) | 2.8 | +231.7% | |
| Free cash flow | 5.3 | 5.8 | 5.9 | 7.0 | 9.2 | 10.8 | +18.0% | |
| Net change in cash | 2.9 | 2.0 | 1.8 | (3.0) | (0.8) | 0.7 | +197.6% |
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.
