| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 31.7 | 428.4 | 58.1 | 45.2 | 10.9 | 58.5 | +436.4% | |
| Cash & short-term investments | 31.7 | 429.2 | 58.1 | 45.2 | 10.9 | 310.9 | +2749.4% | |
| Receivables | 0.0 | 66.0 | 5.4 | 0.1 | 7.7 | 21.1 | +174.2% | |
| Inventory | 3.9 | 469.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 42.3 | 1,050.5 | 397.7 | 222.8 | 243.7 | 342.7 | +40.6% | |
| Property, plant & equipment | 6.1 | 179.3 | 154.9 | 101.2 | 20.8 | 55.5 | +166.2% | |
| Goodwill & intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 9.0 | 15.8 | +75.7% | |
| Long-term investments | 0.0 | 73.9 | 35.3 | 35.3 | 297.2 | 180.2 | −39.4% | |
| Total assets | 48.4 | 1,310.3 | 599.1 | 363.7 | 636.6 | 594.1 | −6.7% | |
| Payables | 35.6 | 39.9 | 165.9 | 9.6 | 5.5 | 15.9 | +186.9% | |
| Short-term debt | 20.6 | 92.8 | 61.0 | 51.2 | 132.2 | 222.6 | +68.4% | |
| Total current liabilities | 364.4 | 544.3 | 564.2 | 162.9 | 205.6 | 343.6 | +67.1% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 16.7 | 0.0 | 0.0 | — | |
| Total debt | 26.9 | 99.7 | 74.2 | 75.1 | 136.6 | 234.8 | +71.9% | |
| Net debt | (4.8) | (328.7) | 16.1 | 29.9 | 125.7 | 176.3 | +40.2% | |
| Deferred revenue | 38.0 | 19.0 | 17.7 | 12.7 | 10.8 | 7.6 | −30.0% | |
| Total liabilities | 715.9 | 546.9 | 571.6 | 182.4 | 209.1 | 351.4 | +68.0% | |
| Total equity | (287.7) | 776.5 | 45.3 | 206.3 | 441.3 | 263.7 | −40.2% | |
| Retained earnings | (2,992.2) | (3,403.5) | (4,378.3) | (4,356.8) | (4,430.2) | (4,835.7) | −9.2% |
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.
