| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 17.9 | 23.4 | 13.0 | 0.9 | — | (2.0) | — | |
| Depreciation & amortization | 0.9 | 0.8 | 0.8 | 0.6 | — | 0.3 | — | |
| Stock-based compensation | 0.2 | 0.1 | 0.0 | (0.0) | — | 0.0 | — | |
| Change in working capital | (12.7) | (18.7) | (13.6) | 9.2 | — | 4.5 | — | |
| Operating cash flow | 7.1 | 5.0 | 4.5 | 15.0 | 1.8 | 12.8 | +603.9% | |
| Capital expenditure | (0.2) | (0.2) | (0.1) | (0.0) | — | (0.0) | — | |
| Acquisitions | (0.0) | 0.0 | 0.0 | 0.0 | — | (0.0) | — | |
| Investing cash flow | (15.0) | 0.3 | 8.4 | (5.9) | — | (17.2) | — | |
| Dividends paid | 0.0 | 0.0 | (7.7) | (1.4) | (5.1) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | (6.4) | 0.0 | 0.0 | — | 0.0 | — | |
| Debt issued / repaid | 7.1 | 4.8 | (1.1) | (18.3) | — | 3.9 | — | |
| Financing cash flow | 24.9 | (2.4) | (9.9) | (20.6) | — | 3.7 | — | |
| Free cash flow | 6.9 | 4.8 | 4.3 | 15.0 | — | 12.8 | — | |
| Net change in cash | 16.5 | 2.7 | 3.0 | (11.1) | — | (1.0) | — |
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.