| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.7 | 7.2 | 6.9 | 7.2 | 7.0 | 6.3 | −10.8% | |
| Cost of revenue | 1.0 | 1.0 | 1.2 | 1.4 | 1.5 | 1.7 | +17.0% | |
| Gross profit | 7.7 | 6.2 | 5.7 | 5.8 | 5.6 | 4.5 | −18.3% | |
| Research & development | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.0 | −21.5% | |
| Selling, general & administrative | 3.6 | 3.3 | 3.4 | 3.6 | 3.5 | 3.0 | −14.7% | |
| Selling & marketing | 3.2 | 2.8 | 2.9 | 3.0 | 3.0 | 2.5 | −15.2% | |
| Operating expenses | 4.5 | 4.4 | 4.5 | 4.6 | 4.6 | 4.0 | −12.4% | |
| Operating income | 3.1 | 1.8 | 1.2 | 1.1 | 1.0 | 0.6 | −45.0% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.4 | 0.4 | 0.6 | 0.8 | 0.8 | 0.6 | −19.0% | |
| Other income / expense | 0.4 | 0.4 | 0.5 | 0.9 | 0.7 | 0.9 | +37.3% | |
| Pre-tax income | 3.5 | 2.2 | 1.8 | 2.0 | 1.7 | 1.5 | −11.6% | |
| Income tax | 0.3 | 0.0 | (0.1) | 0.1 | 0.1 | 0.1 | +119.0% | |
| Net income | 3.3 | 2.6 | 1.9 | 2.0 | 1.8 | 1.4 | −21.7% | |
| 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) | 27.44 | 68.80 | 57.92 | 61.44 | 13.36 | 45.88 | +243.4% | |
| EPS, diluted (per share) | 27.32 | 68.64 | 57.92 | 61.28 | 13.31 | 45.60 | +242.6% | |
| EBITDA | 3.3 | 2.6 | 2.2 | 2.4 | 1.9 | 1.7 | −13.5% | |
| Depreciation & amortization | 0.2 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | −26.4% | |
| Weighted average shares (shares) | 119,366,817 | 124,965,441 | 124,790,141 | 126,325,718 | 121,236,478 | 117,546,666 | −3.0% | |
| Weighted average diluted shares (shares) | 119,921,595 | 125,120,385 | 124,916,698 | 122,813,115 | 121,638,181 | 118,024,216 | −3.0% | |
| Gross margin | 88.9% | 85.5% | 82.2% | 80.3% | 78.9% | 72.4% | −6.6 pts | |
| Operating margin | 36.4% | 24.6% | 18.0% | 15.8% | 14.3% | 8.8% | −5.5 pts | |
| Net margin | 37.8% | 35.4% | 28.0% | 28.3% | 25.5% | 22.4% | −3.1 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.
