| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 8.9 | 27.9 | 38.5 | 91.3 | 65.9 | 56.7 | −14.0% | |
| Cash & short-term investments | 28.6 | 47.5 | 56.5 | 103.3 | 112.8 | 101.0 | −10.4% | |
| Receivables | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | −11.3% | |
| Inventory | 1.0 | 1.6 | 6.8 | 6.9 | 8.2 | 8.8 | +6.9% | |
| Total current assets | 31.4 | 52.4 | 67.0 | 114.5 | 126.3 | 115.3 | −8.7% | |
| Property, plant & equipment | 3.8 | 6.6 | 14.7 | 20.4 | 29.5 | 30.4 | +3.1% | |
| Goodwill & intangibles | 0.7 | 0.8 | 0.8 | 0.9 | 2.4 | 2.7 | +10.9% | |
| Long-term investments | 0.2 | 0.2 | 1.5 | 1.6 | 0.9 | 0.8 | −8.0% | |
| Total assets | 36.4 | 61.8 | 86.5 | 143.5 | 162.3 | 154.3 | −5.0% | |
| Payables | 3.0 | 7.1 | 15.4 | 34.8 | 40.0 | 23.7 | −40.8% | |
| Short-term debt | 0.0 | 0.0 | 0.4 | 7.0 | 0.3 | 6.2 | +2111.9% | |
| Total current liabilities | 4.3 | 12.1 | 27.4 | 72.7 | 69.2 | 63.5 | −8.2% | |
| Long-term debt | 0.5 | 6.0 | 9.2 | 1.7 | 8.2 | 3.3 | −59.5% | |
| Total debt | 2.1 | 7.8 | 12.3 | 13.5 | 16.3 | 17.8 | +9.0% | |
| Net debt | (6.8) | (20.0) | (26.2) | (77.8) | (49.6) | (38.9) | +21.6% | |
| Deferred revenue | 0.3 | 0.3 | 0.6 | 1.6 | 1.3 | 1.6 | +25.7% | |
| Total liabilities | 6.6 | 20.8 | 41.4 | 82.9 | 91.0 | 81.2 | −10.8% | |
| Total equity | 29.8 | 41.1 | 44.9 | 60.1 | 70.9 | 72.6 | +2.5% | |
| Retained earnings | (6.5) | (6.8) | (8.8) | 2.4 | 10.9 | 11.2 | +2.4% |
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.
