Financials
Reported figures only · latest: Q4 2025
CNY · US GAAP
Source: SEC XBRL filings
· latest filing
The long view
Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income10 fiscal yearsShow the numbers
| Year | Revenue | Net income |
|---|
| FY25 | CNY 134.3M | CNY 168.2M |
|---|
| FY24 | CNY 125M | CNY 50M |
|---|
| FY23 | CNY 142.6M | −CNY 140.2M |
|---|
| FY22 | CNY 561.7M | −CNY 594.7M |
|---|
| FY21 | CNY 761.5M | −CNY 234.9M |
|---|
| FY20 | CNY 1.3B | −CNY 2.3B |
|---|
| FY19 | CNY 4.4B | −CNY 2.2B |
|---|
| FY18 | CNY 5.6B | CNY 2B |
|---|
| FY17 | CNY 6.7B | CNY 597.7M |
|---|
| FY16 | - | - |
|---|
MarginsShare of revenue- Gross margin
- Operating margin
- Net margin
Show the numbers
| Year | Gross margin | Operating margin | Net margin |
|---|
| FY25 | 81.2% | 8.4% | 125.2% |
|---|
| FY24 | 76.2% | −36.4% | 40% |
|---|
| FY23 | 56.8% | −135.7% | −98.3% |
|---|
| FY22 | 19.3% | −26.8% | −105.9% |
|---|
| FY21 | 18.9% | −7.3% | −30.9% |
|---|
| FY20 | 0.2% | −102.1% | −179.8% |
|---|
| FY19 | - | - | −48.8% |
|---|
| FY18 | - | - | 35.7% |
|---|
| FY17 | - | - | 8.9% |
|---|
| FY16 | - | - | - |
|---|
Free cash flowOperating cash flow minus capital expenditureShow the numbers
| Year | Free cash flow |
|---|
| FY25 | CNY 205M |
|---|
| FY24 | CNY 45.4M |
|---|
| FY23 | CNY 40.8M |
|---|
| FY22 | CNY 36.1M |
|---|
| FY21 | −CNY 237.5M |
|---|
| FY20 | - |
|---|
| FY19 | −CNY 485.7M |
|---|
| FY18 | CNY 2.3B |
|---|
| FY17 | CNY 2.8B |
|---|
| FY16 | - |
|---|
Net margin vs the sectorMedian of Financials companies filing with the SECShow the numbers
| Year | 9F | Financials median |
|---|
| FY25 | 125.2% | 18.2% |
|---|
| FY24 | 40% | 17.4% |
|---|
| FY23 | −98.3% | 15.4% |
|---|
| FY22 | −105.9% | 15.5% |
|---|
| FY21 | −30.9% | 21.7% |
|---|
| FY20 | −179.8% | 14.4% |
|---|
| FY19 | −48.8% | 13.9% |
|---|
| FY18 | 35.7% | 16.2% |
|---|
| FY17 | 8.9% | 10.8% |
|---|
| FY16 | - | 9.3% |
|---|
News
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