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Financial Statements — DUO
Balance Sheet
(in billions CNY)| Metric | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.03 | 0.03 | 0.08 | 0.02 | 0.12 | 0.02 | 0.14 | 0.04 | 0.08 |
| Total Current Assets | 0.06 | 0.46 | 0.55 | 0.07 | 0.61 | 0.11 | 0.12 | 0.17 | 1.63 |
| Real Estate Assets | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total Assets | 0.79 | 0.09 | 0.10 | 0.09 | 0.77 | 0.13 | 1.08 | 0.20 | 1.91 |
| Total Current Liabilities | 0.21 | 0.04 | 0.33 | 0.06 | 0.08 | 0.69 | 0.95 | 0.18 | 1.58 |
| Total Liabilities | 0.21 | 0.04 | 0.35 | 0.46 | 0.58 | 0.10 | 0.14 | 0.19 | 1.61 |
| Retained Earnings | (0.67) | (0.65) | (0.63) | (4.63) | (4.65) | (0.63) | (4.56) | (0.67) | (0.68) |
| Total Stockholder Equity | 0.08 | 0.05 | 0.39 | 0.03 | 0.20 | 0.04 | 0.10 | 0.13 | 0.31 |
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Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 |
|---|---|---|---|---|
| Total Revenue | 203.39 | 19.26 | 21.17 | 21.62 |
| Cost of Revenue | 25.82 | 122.51 | 18.43 | 20.92 |
| Total Operating Expenses | 90.21 | 11.85 | 12.24 | 182.90 |
| Operating Income | (71.76) | (9.44) | (9.51) | (178.19) |
| Net Income | (38.12) | 17.39 | 9.46 | (29.39) |
| Diluted EPS | (9.67) | 0.00 | 0.00 | (0.10) |
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Cash Flow Statement
(in millions CNY)| Metric | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 |
|---|---|---|---|---|
| Operating Cash Flow | (21.23) | (5.87) | (22.08) | (6.96) |
| Capital Expenditures | 23.84 | 1.10 | 0.06 | 0.03 |
| Free Cash Flow* | (45.07) | (6.96) | (22.15) | (6.99) |
| Investing Cash Flow | (9.87) | 0.38 | 46.85 | (23.25) |
| Financing Cash Flow | 46.32 | 1.24 | 10.12 | (7.39) |
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* Derived from reported values