| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 450.3 | 426.3 | 183.6 | 441.3 | 513.6 | 562.2 | +9.5% | |
| Cost of revenue | 237.1 | 254.8 | 94.1 | 147.6 | 155.6 | 236.4 | +51.9% | |
| Gross profit | 213.2 | 171.5 | 89.6 | 293.7 | 358.0 | 325.9 | −9.0% | |
| Research & development | 100.5 | 54.6 | 50.8 | 57.0 | 52.7 | 57.4 | +8.9% | |
| Selling, general & administrative | 1,481.3 | 324.5 | 212.6 | 230.9 | 268.0 | 265.7 | −0.8% | |
| Selling & marketing | 372.0 | 150.5 | 103.6 | 117.7 | 180.3 | 193.9 | +7.5% | |
| Operating expenses | 1,554.0 | 353.1 | 299.8 | 395.6 | 294.8 | 315.9 | +7.2% | |
| Operating income | (1,340.8) | (181.5) | (210.2) | (101.9) | 63.3 | 10.0 | −84.2% | |
| Interest expense | 32.3 | 7.5 | 4.9 | 3.5 | 3.3 | 2.0 | −40.8% | |
| Interest income | 3.5 | 50.0 | 27.2 | 5.7 | 19.9 | 25.1 | +26.2% | |
| Other income / expense | (9.5) | 53.2 | 6.5 | 2.2 | 21.3 | 20.2 | −4.9% | |
| Pre-tax income | (1,350.3) | (128.3) | (203.7) | (99.7) | 84.5 | 30.2 | −64.2% | |
| Income tax | (6.6) | 0.1 | (0.7) | 1.4 | 0.8 | 1.4 | +65.6% | |
| Net income | (1,308.0) | (121.5) | (193.4) | (99.3) | 77.2 | 30.3 | −60.8% | |
| 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) | (108.90) | (10.50) | (16.50) | (8.10) | 18.90 | 7.98 | −57.8% | |
| EPS, diluted (per share) | (108.90) | (10.50) | (16.50) | (8.10) | 19.20 | 7.98 | −58.4% | |
| EBITDA | (1,242.5) | (57.8) | (147.8) | (65.9) | 81.0 | 25.0 | −69.2% | |
| Depreciation & amortization | 103.7 | 63.8 | 18.4 | 29.7 | 9.2 | 15.0 | +63.0% | |
| Weighted average shares (shares) | 12,341,334 | 12,362,477 | 12,373,607 | 12,381,782 | 4,083,266 | 3,786,078 | −7.3% | |
| Weighted average diluted shares (shares) | 12,341,334 | 12,362,477 | 12,373,607 | 12,381,772 | 4,041,333 | 3,810,666 | −5.7% | |
| Gross margin | 47.3% | 40.2% | 48.8% | 66.6% | 69.7% | 58.0% | −11.7 pts | |
| Operating margin | −297.8% | −42.6% | −114.5% | −23.1% | 12.3% | 1.8% | −10.5 pts | |
| Net margin | −290.5% | −28.5% | −105.3% | −22.5% | 15.0% | 5.4% | −9.6 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.
