| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 49.3 | (4.5) | 9.7 | 24.2 | 44.7 | 23.1 | −48.2% | |
| Depreciation & amortization | 6.1 | 6.2 | 7.2 | 8.3 | 8.9 | 9.7 | +9.5% | |
| Stock-based compensation | 4.2 | 9.1 | 7.5 | 4.8 | 3.0 | 4.7 | +57.6% | |
| Change in working capital | 18.7 | 19.5 | 22.2 | 15.9 | 5.1 | (7.0) | −236.8% | |
| Operating cash flow | 42.5 | 42.3 | 57.8 | 59.5 | 58.1 | 19.0 | −67.3% | |
| Capital expenditure | (7.7) | (18.6) | (22.0) | (20.0) | (13.8) | (14.2) | −2.6% | |
| Acquisitions | (15.2) | (11.5) | (19.8) | (1.0) | (5.3) | 0.8 | +115.7% | |
| Investing cash flow | (57.8) | (74.2) | (54.0) | (59.5) | (0.9) | 41.8 | +4902.8% | |
| Dividends paid | 0.0 | 0.0 | (13.1) | (6.7) | (8.3) | (10.4) | −25.6% | |
| Share buybacks | (0.3) | (5.2) | (1.8) | (2.5) | (25.9) | (21.4) | +17.3% | |
| Debt issued / repaid | 4.8 | (2.1) | 11.8 | 3.1 | 14.4 | 10.3 | −28.6% | |
| Financing cash flow | 71.1 | 19.5 | 1.2 | (5.8) | (21.0) | (26.7) | −27.3% | |
| Free cash flow | 34.9 | 23.7 | 35.8 | 39.5 | 44.3 | 4.8 | −89.1% | |
| Net change in cash | 50.7 | (13.9) | 8.4 | (5.7) | 36.3 | 33.9 | −6.6% |
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.
