Financial Statements — DDL
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 1.11 | 0.89 | 0.17 | 0.27 | 0.10 |
| Short-term Investments | 2.87 | 3.56 | 0.58 | 0.67 | 4.57 |
| Accounts Receivable | 0.03 | 0.13 | 0.02 | 0.02 | 0.19 |
| Inventory | 0.08 | 0.08 | 0.47 | 0.09 | 0.54 |
| Total Current Assets | 5.04 | 0.74 | 6.15 | 7.50 | 1.02 |
| Property, Plant & Equipment | 0.23 | 0.18 | 0.19 | 0.31 | 0.47 |
| Total Non-current Assets | 1.98 | 0.24 | 0.22 | 1.89 | 0.46 |
| Total Assets | 7.02 | 7.12 | 1.08 | 9.38 | 9.42 |
| Accounts Payable | 1.92 | 0.23 | 0.20 | 0.27 | 2.06 |
| Short-term Debt | 0.12 | 0.22 | 0.46 | 0.61 | 3.12 |
| Total Current Liabilities | 0.69 | 0.72 | 6.51 | 1.19 | 7.35 |
| Long-term Debt | -- | -- | -- | 0.00 | 0.06 |
| Total Non-current Liabilities | 1.05 | 0.13 | 0.10 | 0.75 | 0.21 |
| Total Liabilities | 0.84 | 6.19 | 1.01 | 8.96 | 8.66 |
| Retained Earnings | (1.88) | (13.38) | (1.93) | (13.58) | (12.77) |
| Total Stockholder Equity | 1.04 | 0.80 | 0.05 | 0.04 | 0.73 |
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 24.36 | 23.07 | 2.81 | 24.22 | 20.12 |
| Operating Income | 0.13 | 0.21 | (0.02) | (0.76) | (6.33) |
| Interest Expense | 0.00 | 0.01 | 0.10 | 0.02 | 0.09 |
| Pretax Income | 0.24 | 0.32 | (0.01) | (0.12) | (6.42) |
| Tax Provision | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 |
| Net Income | 0.03 | 0.30 | (0.01) | (0.12) | (6.43) |
| Basic EPS | -- | -- | -- | (54.91) | -- |
| Diluted EPS | -- | -- | -- | (54.91) | -- |
Cash Flow Statement
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | 0.54 | 0.93 | (0.03) | 0.09 | (0.89) |
| Capital Expenditures | 0.03 | 0.01 | 0.08 | 0.13 | 0.07 |
| Free Cash Flow* | 0.51 | 0.92 | (0.12) | (0.04) | (0.96) |
| Investing Cash Flow | 0.43 | 0.48 | 0.52 | (0.05) | (4.07) |
| Financing Cash Flow | (0.11) | (1.72) | (0.13) | 1.11 | 1.42 |
* Derived from reported values
