| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 4.9 | (37.6) | (66.1) | 25.9 | (587.2) | (246.9) | +58.0% | |
| Depreciation & amortization | 14.1 | 30.1 | 47.1 | 46.1 | 45.9 | 57.2 | +24.6% | |
| Stock-based compensation | 92.2 | 106.2 | 43.3 | 36.3 | 32.7 | 8.9 | −72.7% | |
| Change in working capital | 52.1 | (164.5) | (195.0) | (122.4) | (167.9) | (26.1) | +84.4% | |
| Operating cash flow | 179.2 | 84.3 | (112.9) | 22.5 | (25.6) | (105.4) | −311.2% | |
| Capital expenditure | (37.0) | (45.1) | (15.7) | (51.2) | (62.5) | (196.6) | −214.3% | |
| Acquisitions | (40.9) | (636.9) | (97.5) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 123.8 | 339.8 | (572.2) | (202.6) | 257.0 | (42.8) | −116.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | (43.6) | (19.0) | +56.3% | |
| Share buybacks | 0.0 | (217.7) | (15.1) | (125.6) | (18.2) | (15.3) | +16.4% | |
| Debt issued / repaid | (6.5) | 0.0 | 0.0 | 29.8 | 40.0 | (30.0) | −175.0% | |
| Financing cash flow | (5.8) | (216.7) | (13.6) | (100.0) | (21.5) | (63.7) | −196.1% | |
| Free cash flow | 142.2 | 39.2 | (128.6) | (28.7) | (88.2) | (302.0) | −242.5% | |
| Net change in cash | 244.5 | 198.1 | (642.8) | (268.3) | 213.2 | (213.4) | −200.1% |
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.
