| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (280.2) | (89.6) | 21.9 | (90.0) | (140.8) | 11.4 | +108.1% | |
| Depreciation & amortization | 5.6 | 2.7 | 1.9 | 0.0 | 10.2 | 10.4 | +2.7% | |
| Stock-based compensation | 39.3 | 15.0 | 13.9 | 4.7 | (0.2) | 0.0 | +107.3% | |
| Change in working capital | 118.3 | 242.0 | 34.7 | (84.1) | (0.5) | (6.3) | −1137.4% | |
| Operating cash flow | (17.1) | 195.0 | (5.0) | (122.2) | (33.0) | 19.0 | +157.6% | |
| Capital expenditure | (2.4) | (2.2) | (1.7) | (5.4) | (0.5) | (0.1) | +69.3% | |
| Acquisitions | (0.4) | (0.4) | (1.7) | 0.0 | 1.3 | 3.2 | +151.8% | |
| Investing cash flow | (64.3) | (158.0) | 43.3 | 20.2 | 32.5 | 48.0 | +47.9% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (33.4) | (5.8) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | 5.0 | 5.0 | 0.0 | 0.1 | 10.0 | +19800.0% | |
| Financing cash flow | (32.8) | (0.0) | 5.1 | 0.5 | (3.6) | 9.7 | +370.3% | |
| Free cash flow | (19.5) | 192.8 | (6.6) | (127.6) | (33.5) | 18.9 | +156.3% | |
| Net change in cash | (117.0) | 36.1 | 45.6 | (101.1) | (3.9) | 76.6 | +2075.1% |
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.
