| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.0 | 4.5 | 3.4 | 4.9 | 5.8 | 5.6 | −4.0% | |
| Cost of revenue | 1.1 | 0.8 | 0.8 | 1.0 | 0.9 | 0.8 | −10.5% | |
| Gross profit | 2.9 | 3.7 | 2.7 | 3.9 | 4.9 | 4.8 | −2.9% | |
| Research & development | 0.0 | 0.2 | 0.2 | 0.1 | 0.4 | 0.0 | −100.0% | |
| Selling, general & administrative | 2.5 | 2.1 | 0.8 | 0.9 | 1.5 | 1.5 | +0.7% | |
| Selling & marketing | 1.9 | 1.6 | 0.6 | 0.7 | 1.2 | 1.2 | −3.1% | |
| Operating expenses | 2.9 | 2.4 | 1.2 | 1.3 | 3.3 | 2.6 | −19.5% | |
| Operating income | (0.0) | 1.3 | 1.5 | 2.6 | 1.6 | 2.1 | +30.3% | |
| Interest expense | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | −27.4% | |
| Other income / expense | (0.7) | (0.1) | 0.0 | 0.1 | 0.2 | (2.2) | −1125.0% | |
| Pre-tax income | (0.8) | 1.2 | 1.5 | 2.6 | 1.9 | (0.1) | −103.1% | |
| Income tax | (0.1) | 0.2 | 0.3 | 0.6 | 0.3 | (0.1) | −134.5% | |
| Net income | (0.7) | 1.0 | 1.2 | 2.1 | 1.6 | 0.0 | −97.5% | |
| 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) | (7.68) | 12.22 | 13.68 | 23.54 | 18.27 | 0.90 | −95.1% | |
| EPS, diluted (per share) | (7.68) | 12.11 | 13.63 | 23.28 | 18.11 | 0.90 | −95.0% | |
| EBITDA | 0.3 | 1.3 | 1.5 | 2.6 | 1.7 | (0.0) | −102.6% | |
| Depreciation & amortization | 0.3 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | −55.5% | |
| Weighted average shares (shares) | 90,149,925 | 84,514,913 | 85,295,102 | 88,374,853 | 86,628,000 | 43,393,852 | −49.9% | |
| Weighted average diluted shares (shares) | 90,150,949 | 85,295,102 | 85,295,102 | 89,344,160 | 87,356,000 | 43,671,172 | −50.0% | |
| Gross margin | 72.1% | 83.0% | 77.4% | 80.1% | 84.8% | 85.8% | +1.0 pts | |
| Operating margin | −1.3% | 28.7% | 42.9% | 53.0% | 28.4% | 38.5% | +10.1 pts | |
| Net margin | −17.5% | 23.1% | 34.8% | 42.5% | 27.3% | 0.7% | −26.5 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.
