| CNY millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|
| Net income | (316.0) | (233.4) | (108.7) | 385.5 | 358.7 | −7.0% | |
| Depreciation & amortization | 7.4 | 10.6 | 3.7 | 5.0 | 8.6 | +70.5% | |
| Stock-based compensation | 101.8 | 291.4 | 191.6 | 27.8 | 20.5 | −26.1% | |
| Change in working capital | 288.2 | 210.5 | 160.3 | (140.0) | (28.2) | +79.8% | |
| Operating cash flow | 79.4 | 272.6 | 235.6 | 282.7 | 28.2 | −90.0% | |
| Capital expenditure | (35.6) | (4.6) | (5.8) | (3.6) | (0.4) | +88.2% | |
| Acquisitions | 0.0 | 14.1 | 2.0 | (2.0) | (141.8) | −6998.2% | |
| Investing cash flow | (62.4) | (108.6) | 0.2 | (132.8) | (4.6) | +96.5% | |
| Dividends paid | (37.0) | 0.0 | 0.0 | 0.0 | (10.8) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (130.4) | (3.6) | +97.3% | |
| Debt issued / repaid | 15.9 | (23.3) | 0.0 | 0.0 | (0.5) | — | |
| Financing cash flow | (21.1) | 71.6 | 247.7 | (130.2) | (13.6) | +89.5% | |
| Free cash flow | 43.8 | 268.1 | 229.9 | 279.1 | 27.8 | −90.0% | |
| Net change in cash | (4.0) | 241.3 | 497.9 | 15.8 | 11.4 | −27.7% |
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.
