| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,688.0 | 1,654.0 | 577.5 | 126.3 | 216.4 | 40.9 | −81.1% | |
| Cost of revenue | 862.4 | 298.7 | 383.1 | 160.1 | 201.0 | 38.0 | −81.1% | |
| Gross profit | 2,825.6 | 1,355.3 | 194.4 | (33.8) | 15.4 | 2.9 | −81.1% | |
| Research & development | 170.7 | 141.3 | 58.3 | 47.8 | 58.5 | 35.5 | −39.3% | |
| Selling, general & administrative | 579.2 | 570.7 | 559.1 | 277.4 | 282.4 | 204.7 | −27.5% | |
| Selling & marketing | 293.3 | 127.4 | 271.6 | 3.8 | 5.9 | 7.8 | +33.1% | |
| Operating expenses | 1,960.0 | 432.6 | 523.9 | 297.2 | 323.6 | 362.1 | +11.9% | |
| Operating income | 865.6 | 922.7 | (329.5) | (331.0) | (308.1) | (359.2) | −16.6% | |
| Interest expense | 27.1 | 16.0 | 3.4 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 649.5 | 39.7 | 64.8 | 110.7 | 145.6 | 1,025.1 | +604.0% | |
| Other income / expense | 355.2 | (76.3) | 59.9 | 432.5 | 465.7 | 1,100.6 | +136.3% | |
| Pre-tax income | 1,220.8 | 846.4 | (269.6) | 101.5 | 157.5 | 741.4 | +370.6% | |
| Income tax | 262.0 | 260.5 | 92.4 | 62.3 | 65.8 | 30.6 | −53.6% | |
| Net income | 958.8 | 589.1 | (362.0) | 39.1 | 91.7 | 708.6 | +672.5% | |
| 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) | 3.78 | 2.32 | (1.47) | 0.18 | 0.50 | 4.37 | +774.0% | |
| EPS, diluted (per share) | 3.59 | 2.27 | (1.47) | 0.18 | 0.49 | 4.25 | +767.3% | |
| EBITDA | 1,291.9 | 961.9 | (201.9) | 142.7 | 213.0 | (277.3) | −230.2% | |
| Depreciation & amortization | 44.0 | 99.5 | 64.3 | 41.3 | 55.5 | 66.8 | +20.5% | |
| Weighted average shares (shares) | 266,790,652 | 253,438,807 | 246,043,086 | 217,281,512 | 182,859,000 | 157,946,200 | −13.6% | |
| Weighted average diluted shares (shares) | 274,333,161 | 266,292,869 | 246,043,086 | 220,456,063 | 187,781,000 | 157,946,200 | −15.9% | |
| Gross margin | 76.6% | 81.9% | 33.7% | −26.7% | 7.1% | 7.1% | −0.0 pts | |
| Operating margin | 23.5% | 55.8% | −57.1% | −262.0% | −142.4% | −877.7% | −735.4 pts | |
| Net margin | 26.0% | 35.6% | −62.7% | 31.0% | 42.4% | 1,731.7% | +1689.3 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.
