Financial Statements — CMCM
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 1.51 | 1.83 | 2.02 | 1.52 | 1.58 | 1.30 | 0.14 |
| Short-term Investments | 0.01 | 0.00 | 0.00 | 0.16 | 0.04 | 0.36 | 1.37 |
| Accounts Receivable | 0.07 | 0.47 | 0.06 | 0.28 | 0.17 | 0.03 | 0.07 |
| Inventory | 0.05 | 0.06 | 0.04 | 0.00 | 0.00 | 0.00 | 0.03 |
| Total Current Assets | 3.23 | 3.78 | 0.49 | 3.12 | 2.60 | 2.95 | 0.57 |
| Property, Plant & Equipment | 0.04 | 0.05 | 0.01 | 0.01 | 0.10 | 0.02 | 0.01 |
| Goodwill | 0.46 | 0.42 | 0.08 | -- | -- | -- | -- |
| Intangible Assets | 0.05 | 0.19 | 0.22 | 0.01 | 0.01 | 0.01 | 0.04 |
| Total Non-current Assets | 1.45 | 1.72 | 0.31 | 0.29 | 0.37 | 0.41 | 0.43 |
| Total Assets | 0.67 | 5.50 | 5.63 | 5.14 | 4.98 | 0.86 | 1.01 |
| Accounts Payable | 0.21 | 0.22 | 0.17 | 0.13 | 0.13 | 0.11 | 0.09 |
| Total Current Liabilities | 2.55 | 3.08 | 0.38 | 0.26 | 1.35 | 0.24 | 1.75 |
| Total Non-current Liabilities | 0.18 | 0.22 | 0.24 | 0.26 | 0.26 | 0.25 | 0.27 |
| Total Liabilities | 2.73 | 3.30 | 2.97 | 2.03 | 0.25 | 1.83 | 2.02 |
| Retained Earnings | (1.49) | (1.23) | (0.09) | -0.00 | 0.08 | 0.86 | 1.94 |
| Total Stockholder Equity | 1.61 | 1.90 | 2.46 | 0.44 | 0.51 | 0.57 | 4.93 |
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 1.15 | 0.81 | 0.09 | 0.13 | 0.12 | 0.24 | 3.59 |
| Cost of Revenue | 0.32 | 0.26 | 0.03 | 0.25 | 0.04 | 0.07 | 1.24 |
| Gross Profit | 0.83 | 0.55 | 0.44 | 0.09 | 0.08 | 1.08 | 2.35 |
| Selling, General & Admin | 0.27 | 0.24 | 0.23 | 0.03 | 0.03 | 0.38 | 0.08 |
| Total Operating Expenses | 1.01 | 0.13 | 0.09 | 0.12 | 0.12 | 0.25 | 0.50 |
| Operating Income | (0.03) | (0.44) | (0.21) | (0.23) | (0.04) | (0.53) | (0.16) |
| Pretax Income | (0.03) | (0.55) | (0.64) | (0.55) | (0.34) | 0.08 | (0.05) |
| Tax Provision | 0.01 | 0.05 | (0.04) | (0.03) | 0.01 | 0.01 | 0.00 |
| Net Income | (0.26) | (0.62) | (0.60) | (0.07) | (0.06) | 0.42 | (0.05) |
| Basic EPS | (0.42) | (0.41) | (0.36) | (0.25) | 0.29 | (0.25) | 0.80 |
| Diluted EPS | (0.42) | (0.41) | (0.36) | (0.25) | 0.29 | (0.25) | 0.78 |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | (172.26) | (238.32) | 550.46 | (61.51) | 16.13 | (46.13) | (34.41) |
| Investing Cash Flow | (65.57) | (34.09) | (49.06) | 27.41 | 34.65 | 288.18 | (155.88) |
| Financing Cash Flow | (64.22) | 69.11 | (6.78) | (0.71) | (1.51) | (222.32) | (69.67) |
