| CNY billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (3.5) | (3.7) | 0.4 | 2.2 | 3.1 | 4.5 | +42.8% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +28.3% | |
| Stock-based compensation | 3.3 | 3.6 | 0.9 | 0.4 | 0.5 | 0.3 | −43.3% | |
| Change in working capital | 0.4 | (0.6) | (1.7) | (0.7) | (1.4) | (0.6) | +58.5% | |
| Operating cash flow | 0.6 | (0.2) | (0.0) | 2.3 | 3.0 | 4.6 | +55.8% | |
| Capital expenditure | (0.1) | (0.0) | (0.1) | (0.1) | (0.1) | (0.1) | −73.0% | |
| Acquisitions | (0.0) | (0.2) | (0.1) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (2.7) | (14.4) | 2.1 | 0.6 | (2.4) | (2.7) | −12.3% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | (1.1) | (1.4) | −33.9% | |
| Share buybacks | (0.6) | (2.6) | (1.4) | (1.4) | (0.6) | (0.4) | +29.3% | |
| Debt issued / repaid | (1.8) | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 8.3 | 8.9 | (1.3) | (1.2) | (1.5) | (1.7) | −9.0% | |
| Free cash flow | 0.5 | (0.3) | (0.1) | 2.2 | 2.9 | 4.5 | +55.3% | |
| Net change in cash | 6.1 | (5.8) | 0.9 | 1.7 | (0.9) | 0.2 | +122.8% |
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.
