| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (1.4) | 0.6 | 1.8 | 2.3 | 2.6 | 1.2 | −55.5% | |
| Depreciation & amortization | 0.3 | 0.1 | 0.1 | 0.6 | 0.9 | 1.2 | +37.4% | |
| Stock-based compensation | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | 0.3 | 0.4 | (0.5) | (1.5) | (1.1) | (1.3) | −19.1% | |
| Operating cash flow | 0.9 | 1.4 | 1.7 | 2.2 | 2.2 | 2.6 | +21.0% | |
| Capital expenditure | (0.2) | (1.2) | (0.2) | (0.5) | (0.8) | (1.0) | −27.3% | |
| Acquisitions | (0.0) | (0.7) | 0.0 | 0.0 | 0.0 | (0.2) | — | |
| Investing cash flow | (0.5) | (2.1) | (0.3) | 0.4 | (0.5) | (7.0) | −1216.1% | |
| Dividends paid | 0.0 | (0.3) | (0.4) | (1.8) | (1.2) | (1.3) | −6.1% | |
| Share buybacks | 0.0 | (0.1) | (0.0) | (0.3) | (0.3) | (0.5) | −66.1% | |
| Debt issued / repaid | (0.6) | (0.3) | (0.3) | (0.3) | (0.2) | 4.0 | +2587.1% | |
| Financing cash flow | 3.5 | (0.7) | (0.3) | (2.6) | (1.7) | 4.9 | +386.2% | |
| Free cash flow | 0.7 | 0.2 | 1.5 | 1.7 | 1.4 | 1.7 | +17.5% | |
| Net change in cash | 3.9 | (1.4) | 1.1 | 1.1 | (0.1) | 0.8 | +1030.5% |
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.
