| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 176.1 | 170.0 | 195.2 | (35.0) | 26.7 | (587.0) | −2300.1% | |
| Depreciation & amortization | 2.3 | 4.8 | 14.5 | 15.3 | 15.4 | 14.2 | −7.6% | |
| Stock-based compensation | 0.0 | 31.9 | 12.0 | 13.6 | 10.6 | 7.5 | −29.1% | |
| Change in working capital | (26.8) | (83.5) | (114.4) | 37.8 | (23.1) | (0.7) | +97.1% | |
| Operating cash flow | 155.4 | 116.3 | 57.6 | 102.7 | 68.7 | 70.5 | +2.6% | |
| Capital expenditure | (1.1) | (1.4) | (2.2) | (0.5) | (1.0) | (0.8) | +15.1% | |
| Acquisitions | (39.8) | 0.0 | (4.1) | (3.3) | 0.0 | 0.6 | — | |
| Investing cash flow | (40.9) | (115.1) | (113.2) | (67.2) | (20.0) | (6.1) | +69.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | (16.5) | (2.7) | (0.7) | 0.0 | +100.0% | |
| Debt issued / repaid | (71.4) | 0.0 | 5.0 | (5.0) | 0.0 | (0.1) | — | |
| Financing cash flow | (23.3) | 15.3 | (11.5) | (5.2) | (0.1) | (0.1) | +28.0% | |
| Free cash flow | 154.4 | 114.9 | 55.4 | 102.2 | 67.7 | 69.7 | +2.9% | |
| Net change in cash | 87.4 | 16.2 | (65.7) | 30.2 | 47.1 | 65.7 | +39.6% |
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.
