| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107.1 | 124.5 | 123.7 | 134.6 | 133.1 | 129.1 | −3.0% | |
| Cost of revenue | 55.2 | 64.3 | 63.9 | 65.0 | 66.1 | 72.4 | +9.6% | |
| Gross profit | 51.9 | 60.2 | 59.7 | 69.6 | 67.0 | 56.6 | −15.5% | |
| Research & development | 19.5 | 24.9 | 23.3 | 24.2 | 22.1 | 20.4 | −7.7% | |
| Selling, general & administrative | 18.1 | 24.7 | 20.5 | 23.5 | 23.6 | 25.8 | +9.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 37.6 | 49.7 | 43.8 | 47.7 | 45.8 | 46.3 | +1.1% | |
| Operating income | 14.3 | 10.5 | 15.9 | 21.9 | 21.3 | 10.4 | −51.3% | |
| Interest expense | 3.1 | 3.4 | 2.9 | 3.2 | 2.8 | 2.8 | −1.4% | |
| Interest income | 5.4 | 5.6 | 6.2 | 8.0 | 8.0 | 8.6 | +8.0% | |
| Other income / expense | 8.8 | 0.3 | (5.8) | 3.3 | 7.4 | (3.7) | −149.7% | |
| Pre-tax income | 23.1 | 10.8 | 10.1 | 25.2 | 28.6 | 6.7 | −76.5% | |
| Income tax | 4.1 | 3.2 | 2.6 | 3.6 | 4.4 | 1.3 | −71.7% | |
| Net income | 22.5 | 10.2 | 7.6 | 20.3 | 23.8 | 5.6 | −76.5% | |
| 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) | 65.84 | 28.64 | 20.00 | 55.84 | 66.48 | 13.28 | −80.0% | |
| EPS, diluted (per share) | 65.20 | 28.08 | 19.84 | 55.12 | 65.92 | 11.76 | −82.2% | |
| EBITDA | 44.4 | 30.6 | 27.8 | 43.4 | 46.1 | 23.8 | −48.4% | |
| Depreciation & amortization | 18.2 | 16.4 | 14.7 | 14.9 | 14.6 | 14.3 | −2.3% | |
| Weighted average shares (shares) | 341,500,000 | 344,750,000 | 347,750,000 | 350,875,000 | 348,750,000 | 475,255,125 | +36.3% | |
| Weighted average diluted shares (shares) | 344,500,000 | 351,750,000 | 351,125,000 | 354,625,000 | 349,750,000 | 343,000,000 | −1.9% | |
| Gross margin | 48.5% | 48.3% | 48.3% | 51.7% | 50.3% | 43.9% | −6.5 pts | |
| Operating margin | 13.4% | 8.4% | 12.9% | 16.2% | 16.0% | 8.0% | −7.9 pts | |
| Net margin | 21.0% | 8.2% | 6.1% | 15.1% | 17.8% | 4.3% | −13.5 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.
