Financial Statements — DUO
Balance Sheet
(in billions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Cash & Equivalents | 0.03 | 0.13 | 0.13 | 0.24 |
| Total Current Assets | 0.46 | 0.07 | 0.81 | 1.15 |
| Real Estate Assets | 0.04 | 0.00 | 0.00 | 0.00 |
| Total Assets | 0.09 | 0.67 | 0.97 | 1.37 |
| Total Current Liabilities | 0.28 | 0.44 | 0.69 | 1.21 |
| Total Liabilities | 0.04 | 0.46 | 0.72 | 1.24 |
| Retained Earnings | (4.66) | (4.63) | (4.55) | (0.67) |
| Total Stockholder Equity | 0.38 | 0.03 | 0.26 | 0.13 |
Income Statement
(in millions CNY) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Total Revenue | 203.39 | 19.26 | 21.17 | 144.83 |
| Cost of Revenue | 184.94 | 122.51 | 18.43 | 20.92 |
| Total Operating Expenses | 90.21 | 86.08 | 12.24 | 182.90 |
| Operating Income | (71.76) | (9.44) | (9.51) | (178.19) |
| Net Income | (38.12) | 17.39 | 9.46 | (196.84) |
| Diluted EPS | (9.67) | 0.00 | 0.00 | (0.10) |
Cash Flow Statement
(in millions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Operating Cash Flow | (21.23) | (0.81) | (160.14) | (46.63) |
| Capital Expenditures | 23.84 | 1.10 | 0.01 | 0.03 |
| Free Cash Flow* | (45.07) | (1.90) | (160.15) | (46.66) |
| Investing Cash Flow | (70.68) | 2.77 | 6.46 | (23.25) |
| Financing Cash Flow | 46.32 | 0.17 | 10.12 | (7.39) |
* Derived from reported values
