| CNY millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (743.5) | 1,306.1 | 971.6 | 1,001.0 | 487.0 | 557.2 | +14.4% | |
| Depreciation & amortization | 98.5 | 146.6 | 156.0 | 158.1 | 156.7 | 156.9 | +0.1% | |
| Stock-based compensation | 1,350.6 | 70.9 | 42.3 | 11.5 | 109.0 | 66.9 | −38.7% | |
| Change in working capital | (584.8) | 202.8 | (172.9) | 26.3 | (594.4) | 11.1 | +101.9% | |
| Operating cash flow | 796.4 | 1,521.8 | 632.9 | 1,318.3 | 387.3 | 976.6 | +152.1% | |
| Capital expenditure | (51.6) | (2,271.2) | (62.7) | (157.9) | (82.2) | (134.1) | −63.2% | |
| Acquisitions | 128.9 | (0.4) | (8.1) | (14.7) | 12.3 | (64.2) | −620.6% | |
| Investing cash flow | 352.6 | (2,572.1) | 74.3 | (247.1) | (840.8) | 299.5 | +135.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | (177.5) | (1,007.9) | (546.8) | +45.7% | |
| Share buybacks | (281.6) | (372.4) | 0.0 | 0.0 | (53.3) | (52.3) | +2.0% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (371.4) | (513.1) | 233.8 | (199.8) | (1,134.2) | (635.5) | +44.0% | |
| Free cash flow | 744.7 | (749.4) | 570.2 | 1,160.4 | 305.2 | 842.5 | +176.1% | |
| Net change in cash | 628.8 | (1,610.1) | 1,022.0 | 919.4 | (1,515.5) | 541.0 | +135.7% |
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.
