| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 843.4 | 492.1 | 143.9 | 121.7 | 75.4 | 32.7 | −56.6% | |
| Cash & short-term investments | 852.4 | 498.3 | 145.9 | 137.0 | 189.0 | 147.6 | −21.9% | |
| Receivables | 2,344.2 | 981.4 | 564.4 | 418.2 | 314.1 | 217.5 | −30.7% | |
| Inventory | 0.0 | 0.0 | 11.2 | 12.5 | 5.4 | 5.0 | −6.6% | |
| Total current assets | 3,475.2 | 1,627.3 | 858.9 | 613.1 | 548.6 | 390.3 | −28.9% | |
| Property, plant & equipment | 14.5 | 14.6 | 5.2 | 2.0 | 16.8 | 33.7 | +100.7% | |
| Goodwill & intangibles | 38.6 | 0.0 | 0.5 | 1.1 | 1.0 | 234.2 | +23204.9% | |
| Long-term investments | 508.6 | 271.1 | 212.1 | 148.7 | 164.8 | 130.5 | −20.8% | |
| Total assets | 4,048.0 | 1,913.0 | 1,076.7 | 769.9 | 731.2 | 788.8 | +7.9% | |
| Payables | 1,796.3 | 1,175.9 | 659.2 | 395.4 | 180.7 | 72.8 | −59.7% | |
| Short-term debt | 443.4 | 134.8 | 72.5 | 0.0 | 0.0 | 0.8 | — | |
| Total current liabilities | 2,558.0 | 1,580.7 | 949.7 | 549.7 | 326.6 | 209.5 | −35.8% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 443.4 | 134.8 | 74.5 | 0.1 | 1.5 | 0.8 | −44.8% | |
| Net debt | (400.0) | (357.3) | (69.4) | (121.6) | (73.9) | (31.9) | +56.9% | |
| Deferred revenue | 68.3 | 68.0 | 43.3 | 31.6 | 23.5 | 0.0 | −100.0% | |
| Total liabilities | 2,582.0 | 1,609.3 | 981.3 | 578.4 | 347.9 | 209.5 | −39.8% | |
| Total equity | 1,443.5 | 313.3 | 100.1 | 195.8 | 386.3 | 578.8 | +49.8% | |
| Retained earnings | (3,142.5) | (4,313.6) | (4,557.7) | (4,649.4) | (4,618.6) | (4,706.3) | −1.9% |
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.
