| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 | 1.7 | 1.3 | 1.5 | 1.5 | 1.5 | +1.0% | |
| Cost of revenue | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.8 | +36.4% | |
| Gross profit | 1.1 | 1.4 | 0.9 | 1.0 | 0.9 | 0.7 | −21.3% | |
| Research & development | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | −19.2% | |
| Selling, general & administrative | 0.9 | 1.0 | 0.7 | 0.8 | 0.8 | 0.8 | +1.9% | |
| Selling & marketing | 0.7 | 0.8 | 0.5 | 0.5 | 0.5 | 0.0 | −100.0% | |
| Operating expenses | 1.1 | 1.4 | 1.0 | 1.0 | 1.5 | 1.0 | −36.5% | |
| Operating income | (0.1) | (0.0) | (0.1) | (0.1) | (0.6) | (0.3) | +58.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −47.1% | |
| Other income / expense | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | −45.6% | |
| Pre-tax income | 0.0 | (0.0) | (0.1) | 0.0 | (0.6) | (0.2) | +59.3% | |
| Income tax | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | +14.4% | |
| Net income | 0.0 | (0.0) | (0.1) | 0.0 | (0.6) | (0.2) | +60.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | — | |
| EPS, basic (per share) | 0.04 | (0.06) | (0.48) | 0.16 | (4.40) | (1.78) | +59.5% | |
| EPS, diluted (per share) | 0.04 | (0.06) | (0.48) | 0.16 | (4.39) | (1.78) | +59.5% | |
| EBITDA | (0.0) | 0.1 | (0.0) | 0.1 | (0.0) | (0.2) | −374.5% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | +24.1% | |
| Weighted average shares (shares) | 137,794,134 | 138,040,051 | 138,040,051 | 133,192,744 | 134,091,267 | 131,589,780 | −1.9% | |
| Weighted average diluted shares (shares) | 141,590,576 | 138,040,051 | 138,040,051 | 131,912,996 | 134,159,860 | 131,589,780 | −1.9% | |
| Gross margin | 83.6% | 80.6% | 68.7% | 63.7% | 61.3% | 47.8% | −13.5 pts | |
| Operating margin | −4.4% | −1.9% | −8.2% | −4.1% | −42.6% | −17.5% | +25.1 pts | |
| Net margin | 0.4% | −0.5% | −5.2% | 1.4% | −40.2% | −15.9% | +24.3 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.
