| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 | 0.8 | 0.9 | 0.7 | 0.8 | 1.2 | +42.6% | |
| Cost of revenue | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | +20.9% | |
| Gross profit | 1.1 | 0.5 | 0.6 | 0.4 | 0.5 | 0.8 | +53.0% | |
| Research & development | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | +42.2% | |
| Selling, general & administrative | 1.1 | 0.6 | 0.7 | 0.5 | 0.6 | 0.6 | +7.2% | |
| Selling & marketing | 0.8 | 0.4 | 0.5 | 0.2 | 0.3 | 0.4 | +5.9% | |
| Operating expenses | 1.6 | 0.8 | 0.9 | 0.6 | 0.8 | 1.0 | +17.2% | |
| Operating income | (0.5) | (0.2) | (0.2) | (0.2) | (0.3) | (0.1) | +51.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | −31.0% | |
| Other income / expense | 1.0 | (0.1) | (0.3) | (0.4) | (0.3) | (0.1) | +67.1% | |
| Pre-tax income | 0.5 | (0.3) | (0.5) | (0.6) | (0.6) | (0.2) | +59.1% | |
| Income tax | 0.1 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | −82.1% | |
| Net income | 0.4 | (0.4) | (0.5) | (0.6) | (0.6) | (0.3) | +58.3% | |
| 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) | 724.00 | (617.50) | (905.00) | (1,024.50) | (1,027.00) | (409.00) | +60.2% | |
| EPS, diluted (per share) | 714.00 | (617.50) | (904.50) | (1,023.50) | (1,027.00) | (409.00) | +60.2% | |
| EBITDA | (0.5) | (0.2) | (0.2) | (0.2) | (0.2) | 0.0 | +104.0% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | +186.2% | |
| Weighted average shares (shares) | 559,778 | 572,021 | 577,151 | 588,364 | 601,221 | 613,389 | +2.0% | |
| Weighted average diluted shares (shares) | 559,778 | 572,021 | 577,472 | 589,046 | 601,221 | 613,389 | +2.0% | |
| Gross margin | 69.4% | 67.2% | 71.4% | 65.4% | 67.6% | 72.5% | +4.9 pts | |
| Operating margin | −34.2% | −29.3% | −25.5% | −31.3% | −35.2% | −12.0% | +23.3 pts | |
| Net margin | 26.8% | −44.8% | −58.1% | −90.1% | −76.5% | −22.4% | +54.1 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.
