| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 38.4 | 15.3 | 19.9 | 32.9 | 19.3 | 26.0 | +34.7% | |
| Cash & short-term investments | 42.4 | 52.4 | 39.1 | 49.7 | 22.1 | 45.8 | +107.3% | |
| Receivables | 1.2 | 2.8 | 5.1 | 4.7 | 1.7 | 17.5 | +943.0% | |
| Inventory | 1.1 | 2.1 | 8.2 | 5.3 | 7.1 | 8.5 | +20.4% | |
| Total current assets | 46.2 | 63.6 | 59.1 | 70.4 | 61.9 | 76.7 | +23.9% | |
| Property, plant & equipment | 6.3 | 10.4 | 23.0 | 37.5 | 40.0 | 37.6 | −6.1% | |
| Goodwill & intangibles | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | −87.2% | |
| Long-term investments | 0.3 | 3.1 | 6.4 | 5.5 | 3.1 | 2.6 | −17.8% | |
| Total assets | 54.6 | 82.9 | 96.3 | 117.4 | 107.6 | 124.5 | +15.7% | |
| Payables | 6.4 | 12.6 | 12.7 | 29.8 | 34.4 | 53.3 | +55.1% | |
| Short-term debt | 1.9 | 7.3 | 5.3 | 9.8 | 9.1 | 7.5 | −17.6% | |
| Total current liabilities | 14.0 | 29.2 | 45.9 | 57.8 | 62.3 | 78.6 | +26.2% | |
| Long-term debt | 5.9 | 9.7 | 10.9 | 13.0 | 11.4 | 8.6 | −24.6% | |
| Total debt | 9.5 | 20.1 | 23.7 | 34.7 | 33.8 | 26.2 | −22.4% | |
| Net debt | (28.9) | 4.8 | 3.8 | 1.8 | 14.5 | 0.2 | −98.6% | |
| Deferred revenue | 1.0 | 1.4 | 2.1 | 2.9 | 4.1 | 0.0 | −100.0% | |
| Total liabilities | 27.5 | 48.1 | 68.6 | 87.8 | 94.1 | 111.8 | +18.8% | |
| Total equity | 27.2 | 34.7 | 23.9 | 25.5 | 6.0 | 4.2 | −30.2% | |
| Retained earnings | (51.6) | (55.6) | (69.9) | (90.8) | (113.1) | 0.0 | +100.0% |
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.
