| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 1.4 | 1.4 | 0.4 | 1.0 | 1.3 | 0.3 | −77.6% | |
| Cash & short-term investments | 5.8 | 4.0 | 2.3 | 1.7 | 2.5 | 0.3 | −88.6% | |
| Receivables | 2.5 | 2.5 | 1.6 | 0.5 | 0.1 | 4.7 | +4244.6% | |
| Inventory | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 8.9 | 7.6 | 5.5 | 3.9 | 3.5 | 0.9 | −74.7% | |
| Property, plant & equipment | 0.0 | 0.0 | 0.1 | 0.1 | 1.8 | 1.9 | +3.6% | |
| Goodwill & intangibles | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | −95.7% | |
| Long-term investments | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total assets | 12.1 | 10.9 | 7.0 | 4.6 | 6.0 | 7.9 | +32.7% | |
| Payables | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | +24975.6% | |
| Short-term debt | 1.6 | 1.5 | 0.9 | 0.0 | 0.1 | 0.0 | −96.8% | |
| Total current liabilities | 2.5 | 3.4 | 2.5 | 0.8 | 1.8 | 1.2 | −32.7% | |
| Long-term debt | 1.0 | 0.5 | 0.1 | 0.0 | 0.0 | 3.9 | — | |
| Total debt | 2.6 | 2.0 | 1.1 | 0.1 | 0.2 | 3.9 | +2208.8% | |
| Net debt | 1.1 | 0.6 | 0.7 | (0.9) | (1.1) | 3.6 | +423.7% | |
| Deferred revenue | 0.1 | 0.4 | 0.6 | 0.0 | 0.0 | 0.0 | −61.8% | |
| Total liabilities | 3.8 | 4.0 | 2.7 | 0.8 | 1.9 | 5.1 | +173.3% | |
| Total equity | 8.4 | 7.0 | 4.3 | 3.8 | 4.1 | 2.8 | −32.1% | |
| Retained earnings | 4.0 | 3.0 | 0.0 | (0.3) | (0.0) | (4.4) | −12309.8% |
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.
