| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 4.4 | 6.1 | 7.2 | 4.2 | 4.5 | 4.7 | +5.5% | |
| Cash & short-term investments | 4.4 | 6.1 | 7.2 | 4.2 | 7.8 | 7.5 | −3.8% | |
| Receivables | 7.3 | 3.3 | 3.1 | 3.1 | 2.2 | 1.0 | −56.6% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 12.7 | 13.0 | 14.1 | 10.8 | 12.6 | 11.7 | −7.2% | |
| Property, plant & equipment | 0.0 | 0.0 | 0.0 | 0.2 | 0.4 | 0.6 | +75.6% | |
| Goodwill & intangibles | 0.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | +1.1% | |
| Long-term investments | 7.5 | 12.7 | 18.5 | 30.4 | 31.8 | 38.7 | +21.7% | |
| Total assets | 24.4 | 33.5 | 40.3 | 45.8 | 48.1 | 56.9 | +18.3% | |
| Payables | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Short-term debt | 0.2 | 0.4 | 0.2 | 0.8 | 1.4 | 2.2 | +62.2% | |
| Total current liabilities | 0.6 | 10.0 | 13.6 | 16.1 | 18.2 | 25.0 | +37.6% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.6 | — | |
| Total debt | 0.2 | 0.4 | 0.2 | 0.8 | 1.4 | 3.8 | +173.7% | |
| Net debt | (4.2) | (5.7) | (7.0) | (3.4) | (3.1) | (0.9) | +71.4% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 14.9 | 18.3 | 21.4 | 23.8 | 23.9 | 32.8 | +37.3% | |
| Total equity | 9.5 | 15.2 | 18.8 | 21.9 | 24.2 | 24.1 | −0.3% | |
| Retained earnings | 4.1 | 9.6 | 12.8 | 16.3 | 21.0 | 24.5 | +16.9% |
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.
