| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,294.4 | 2,184.5 | 531.1 | 171.0 | 189.2 | 103.1 | −45.5% | |
| Cost of revenue | 495.7 | 878.2 | 206.2 | 90.3 | 120.0 | 53.9 | −55.1% | |
| Gross profit | 798.7 | 1,306.3 | 324.9 | 80.7 | 69.2 | 49.2 | −28.8% | |
| Research & development | 614.8 | 800.2 | 235.8 | 167.9 | 72.0 | 54.6 | −24.1% | |
| Selling, general & administrative | 1,518.0 | 1,858.3 | 300.2 | 255.5 | 211.0 | 158.0 | −25.1% | |
| Selling & marketing | 1,097.9 | 1,412.9 | (17.0) | 101.3 | 27.7 | 15.5 | −44.1% | |
| Operating expenses | 2,132.8 | 2,658.5 | 536.0 | 423.5 | 283.0 | 208.3 | −26.4% | |
| Operating income | (1,334.1) | (1,473.5) | (211.1) | (342.8) | (213.8) | (159.1) | +25.6% | |
| Interest expense | 2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 8.4 | 24.6 | 11.4 | 27.8 | 16.3 | 8.4 | −48.2% | |
| Other income / expense | (5.8) | 31.6 | 33.3 | 31.0 | 20.9 | 8.9 | −57.5% | |
| Pre-tax income | (1,339.9) | (1,441.9) | (177.9) | (311.8) | (192.9) | (150.2) | +22.1% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (1,339.9) | (1,441.9) | (177.7) | (311.8) | (192.9) | (150.2) | +22.1% | |
| 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) | (137.50) | (146.00) | (17.50) | (34.00) | (24.00) | (15.00) | +37.5% | |
| EPS, diluted (per share) | (136.50) | (146.00) | (17.50) | (34.00) | (24.00) | (15.00) | +37.5% | |
| EBITDA | (1,294.4) | (1,287.4) | (186.4) | (326.6) | (201.5) | (149.4) | +25.9% | |
| Depreciation & amortization | 39.7 | 64.8 | 24.7 | 16.2 | 12.3 | 9.7 | −20.8% | |
| Weighted average shares (shares) | 9,503,602 | 9,881,114 | 10,056,039 | 9,172,727 | 8,038,000 | 10,028,994 | +24.8% | |
| Weighted average diluted shares (shares) | 9,576,355 | 9,881,114 | 10,056,039 | 9,172,727 | 8,038,000 | 10,028,994 | +24.8% | |
| Gross margin | 61.7% | 59.8% | 61.2% | 47.2% | 36.6% | 47.8% | +11.2 pts | |
| Operating margin | −103.1% | −67.5% | −39.8% | −200.5% | −113.0% | −154.3% | −41.3 pts | |
| Net margin | −103.5% | −66.0% | −33.5% | −182.4% | −102.0% | −145.6% | −43.7 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.
