| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,186.6 | 1,027.1 | 0.0 | 0.0 | 40.0 | 0.4 | −99.1% | |
| Cost of revenue | 1,428.1 | 1,023.2 | 0.0 | 0.0 | 38.2 | 0.4 | −99.1% | |
| Gross profit | (241.4) | 3.9 | 0.0 | 0.0 | 1.8 | 0.0 | −99.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 0.0 | 0.0 | 29.3 | 23.5 | 27.3 | 0.0 | −99.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 11.2 | 0.0 | −99.9% | |
| Operating expenses | (75.9) | 172.3 | 4.5 | 3.3 | 3.8 | 0.7 | −80.6% | |
| Operating income | (165.6) | (168.4) | (29.4) | (23.5) | (13.5) | (0.0) | +99.7% | |
| Interest expense | 126.6 | 126.2 | 6.4 | 0.2 | 3.6 | 3.8 | +5.4% | |
| Interest income | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (1,321.4) | (395.8) | (465.7) | (1.6) | (582.5) | (0.7) | +99.9% | |
| Pre-tax income | (1,487.0) | (564.2) | (495.1) | (25.1) | (595.9) | (0.7) | +99.9% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 0.0 | −100.0% | |
| Net income | (1,486.9) | (564.2) | 820.0 | (71.3) | (226.8) | (0.7) | +99.7% | |
| Discontinued operations | 0.0 | 0.0 | 1,315.1 | (46.2) | 386.3 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (2,616.00) | (936.00) | 2.16 | (178.80) | (168.24) | (5.04) | +97.0% | |
| EPS, diluted (per share) | (2,616.00) | (936.00) | 2.16 | (178.80) | (168.24) | (5.04) | +97.0% | |
| EBITDA | (1,105.7) | (359.7) | (69.1) | (3.3) | (81.3) | (99.9) | −22.8% | |
| Depreciation & amortization | 254.8 | 78.3 | 0.0 | 0.0 | 0.0 | 0.1 | +51.6% | |
| Weighted average shares (shares) | 562,968 | 608,621 | 427,434 | 584,390 | 437,654 | 418,785 | −4.3% | |
| Weighted average diluted shares (shares) | 562,968 | 608,621 | 427,434 | 584,390 | 437,654 | 418,785 | −4.3% | |
| Gross margin | −20.3% | 0.4% | — | — | 4.6% | 2.2% | −2.4 pts | |
| Operating margin | −14.0% | −16.4% | — | — | −33.7% | −9.4% | +24.2 pts | |
| Net margin | −125.3% | −54.9% | — | — | −566.8% | −204.9% | +362.0 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.
