| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.6 | 134.1 | 104.9 | 174.0 | 113.3 | 107.9 | −4.8% | |
| Cost of revenue | 0.8 | 86.9 | 152.3 | 213.2 | 114.9 | 106.1 | −7.7% | |
| Gross profit | (0.2) | 47.2 | (47.4) | (39.1) | (1.6) | 1.8 | +211.2% | |
| Research & development | 2.3 | 1.9 | 2.4 | 2.0 | 0.9 | 9.8 | +1028.6% | |
| Selling, general & administrative | 109.4 | 311.1 | 363.4 | 198.5 | 160.3 | 239.8 | +49.6% | |
| Selling & marketing | 0.6 | 0.0 | 3.5 | 1.7 | 0.0 | 34.0 | — | |
| Operating expenses | (336.9) | 313.0 | 614.2 | 200.5 | 161.2 | 249.6 | +54.8% | |
| Operating income | 336.7 | (265.8) | (661.5) | (239.6) | (162.8) | (247.8) | −52.2% | |
| Interest expense | 4.1 | 119.2 | 23.3 | 31.4 | 34.2 | 23.3 | −32.0% | |
| Interest income | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | — | |
| Other income / expense | 63.9 | (145.6) | (31.9) | 95.3 | 88.1 | (161.1) | −282.7% | |
| Pre-tax income | 400.6 | (411.4) | (693.4) | (144.3) | (74.7) | (408.8) | −447.4% | |
| Income tax | 7.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | — | |
| Net income | 397.9 | (405.9) | (974.9) | (138.8) | (74.5) | (402.4) | −440.5% | |
| Discontinued operations | 0.0 | 0.0 | (286.1) | (2.0) | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 726.00 | (234.00) | (288.00) | 6.00 | (15.69) | (51.00) | −225.0% | |
| EPS, diluted (per share) | 726.00 | (234.00) | (288.00) | 6.00 | (15.69) | (51.00) | −225.0% | |
| EBITDA | (111.5) | (219.0) | (369.6) | (152.7) | (100.4) | (369.8) | −268.2% | |
| Depreciation & amortization | 0.4 | 46.8 | 93.0 | 86.9 | 62.4 | 15.1 | −75.8% | |
| Weighted average shares (shares) | 546,969 | 1,754,000 | 3,398,000 | 4,925,333 | 4,677,000 | 7,579,273 | +62.1% | |
| Weighted average diluted shares (shares) | 545,333 | 1,651,000 | 2,401,000 | 4,925,333 | 4,677,000 | 7,579,273 | +62.1% | |
| Gross margin | −30.2% | 35.2% | −45.2% | −22.5% | −1.4% | 1.7% | +3.1 pts | |
| Operating margin | 53,831.3% | −198.2% | −630.5% | −137.7% | −143.7% | −229.6% | −85.9 pts | |
| Net margin | 63,611.7% | −302.7% | −929.1% | −79.8% | −65.7% | −373.0% | −307.3 pts |
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.
