| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.9 | 9.4 | 8.4 | 8.8 | 9.4 | 9.9 | +5.6% | |
| Cost of revenue | 5.6 | 5.9 | 5.0 | 4.9 | 4.9 | 4.9 | −1.0% | |
| Gross profit | 3.3 | 3.5 | 3.4 | 3.9 | 4.5 | 5.1 | +12.8% | |
| Research & development | 0.4 | 0.4 | 0.4 | 0.5 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.4 | 3.1 | 3.0 | 3.7 | 4.1 | 4.6 | +12.2% | |
| Selling & marketing | 2.1 | 2.5 | 2.7 | 2.8 | 3.4 | 3.8 | +13.8% | |
| Operating expenses | 2.7 | 3.5 | 3.4 | 4.1 | 4.6 | 5.0 | +8.3% | |
| Operating income | 0.6 | 0.0 | 0.0 | (0.2) | (0.1) | 0.1 | +165.3% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | +14.3% | |
| Interest income | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | −14.8% | |
| Other income / expense | (0.0) | (0.2) | (0.6) | (0.0) | (0.0) | (0.3) | −9283.8% | |
| Pre-tax income | 0.6 | (0.2) | (0.6) | (0.2) | (0.1) | (0.2) | −61.2% | |
| Income tax | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | −52.2% | |
| Net income | 0.4 | (0.2) | (0.7) | (0.3) | (0.2) | (0.2) | −30.7% | |
| 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) | 6.81 | (3.06) | (10.68) | (4.68) | (3.09) | (4.05) | −31.1% | |
| EPS, diluted (per share) | 6.69 | (3.06) | (10.68) | (4.68) | (3.09) | (4.05) | −31.1% | |
| EBITDA | 0.7 | 0.1 | (0.3) | 0.1 | 0.2 | 0.1 | −65.7% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | −9.4% | |
| Weighted average shares (shares) | 62,378,486 | 71,768,029 | 61,030,526 | 59,432,388 | 59,833,102 | 57,826,918 | −3.4% | |
| Weighted average diluted shares (shares) | 63,599,061 | 72,051,306 | 61,030,526 | 59,457,099 | 59,833,102 | 57,826,918 | −3.4% | |
| Gross margin | 36.9% | 36.8% | 40.8% | 44.2% | 47.6% | 50.9% | +3.3 pts | |
| Operating margin | 6.3% | 0.1% | 0.4% | −2.3% | −1.2% | 0.8% | +2.0 pts | |
| Net margin | 4.8% | −2.3% | −7.8% | −3.2% | −2.0% | −2.4% | −0.5 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.
