| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.2 | 31.2 | 28.3 | 27.8 | 28.4 | 32.9 | +15.8% | |
| Cost of revenue | 19.9 | 21.8 | 19.6 | 18.0 | 16.4 | 18.4 | +12.2% | |
| Gross profit | 9.3 | 9.4 | 8.8 | 9.8 | 12.0 | 14.5 | +20.9% | |
| Research & development | 0.0 | 0.0 | 2.6 | 2.5 | 0.0 | 2.3 | — | |
| Selling, general & administrative | 5.6 | 6.7 | 5.6 | 5.0 | 4.7 | 2.5 | −45.7% | |
| Selling & marketing | 2.5 | 2.7 | 1.1 | 0.9 | 0.9 | 0.9 | +8.8% | |
| Operating expenses | 4.6 | 5.6 | 4.3 | 3.7 | 3.3 | 4.8 | +44.7% | |
| Operating income | 4.7 | 3.8 | 4.4 | 6.1 | 8.7 | 9.7 | +11.8% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −1.6% | |
| Interest income | 0.6 | 0.5 | 0.7 | 1.1 | 1.2 | 1.1 | −11.9% | |
| Other income / expense | (0.1) | (0.2) | (0.1) | (0.0) | 0.0 | 3.5 | +176900.0% | |
| Pre-tax income | 4.6 | 3.6 | 4.4 | 6.0 | 8.7 | 13.3 | +52.4% | |
| Income tax | 0.5 | 0.4 | 0.5 | 0.8 | 1.6 | 1.9 | +20.0% | |
| Net income | 4.2 | 3.0 | 3.7 | 4.9 | 6.6 | 11.1 | +66.4% | |
| 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) | 2.50 | 1.82 | 2.30 | 3.16 | 4.30 | 7.00 | +62.8% | |
| EPS, diluted (per share) | 2.48 | 1.80 | 2.28 | 3.10 | 4.24 | 6.92 | +63.2% | |
| EBITDA | 5.6 | 4.8 | 5.6 | 5.7 | 9.8 | 14.8 | +50.5% | |
| Depreciation & amortization | 0.8 | 1.0 | 1.2 | 0.7 | 1.0 | 1.4 | +40.6% | |
| Weighted average shares (shares) | 1,656,764,000 | 1,660,533,500 | 1,601,998,000 | 1,584,193,000 | 1,565,431,000 | 1,533,627,500 | −2.0% | |
| Weighted average diluted shares (shares) | 1,680,230,500 | 1,681,523,000 | 1,617,253,500 | 1,584,193,000 | 1,565,431,000 | 1,554,402,000 | −0.7% | |
| Gross margin | 31.9% | 30.1% | 31.0% | 35.3% | 42.3% | 44.2% | +1.8 pts | |
| Operating margin | 16.2% | 12.2% | 15.7% | 21.8% | 30.7% | 29.6% | −1.1 pts | |
| Net margin | 14.3% | 9.7% | 13.0% | 17.7% | 23.4% | 33.6% | +10.2 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.
