Financial Statements — JF
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.95 | 26.95 | 40.51 | 249.73 | 217.90 | 377.16 | 14.76 |
| Short-term Investments | -- | -- | -- | 1.00 | -- | -- | -- |
| Accounts Receivable | 0.33 | 3.44 | 0.22 | 2.70 | 5.78 | 7.81 | 10.67 |
| Inventory | 0.13 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 1.81 | 94.48 | 108.20 | 389.19 | 526.91 | 720.90 | 1,159.86 |
| Property, Plant & Equipment | 0.01 | -- | -- | 89.80 | 95.70 | 107.21 | 2.06 |
| Goodwill | 3.76 | -- | -- | -- | -- | -- | 35.16 |
| Intangible Assets | 3.66 | -- | -- | 1.43 | 1.55 | 2.55 | 49.79 |
| Total Non-current Assets | 7.54 | 8.96 | 0.71 | 20.25 | 36.77 | 39.48 | 57.56 |
| Total Assets | 9.35 | 103.44 | 113.20 | 76.68 | 761.23 | 149.96 | 1,560.60 |
| Accounts Payable | 0.14 | 4.09 | 4.98 | 22.68 | 21.40 | 10.36 | 57.72 |
| Short-term Debt | 0.00 | 1.83 | -- | -- | 0.00 | 19.92 | 45.97 |
| Total Current Liabilities | 1.44 | 493.26 | 488.30 | 76.26 | 63.55 | 79.94 | 155.36 |
| Long-term Debt | 1.80 | -- | -- | -- | -- | -- | 21.50 |
| Total Non-current Liabilities | 1.82 | 5.30 | 0.68 | 36.25 | 421.30 | 408.85 | 120.29 |
| Total Liabilities | 3.27 | 498.56 | 493.08 | 112.51 | 826.26 | 142.60 | 1,201.88 |
| Retained Earnings | (370.18) | (2,528.27) | (354.74) | (355.05) | (354.32) | (330.37) | (1,860.64) |
| Total Stockholder Equity | 1.49 | (56.01) | (55.48) | (58.29) | (35.30) | (118.94) | 27.22 |
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 1.60 | 35.14 | 7.44 | 74.57 | 173.24 | 378.26 | 1,285.24 |
| Cost of Revenue* | 0.46 | 11.82 | 32.15 | 5.99 | 94.19 | 15.44 | 41.71 |
| Gross Profit | 1.14 | 22.30 | 14.53 | 1.72 | 13.11 | 92.49 | 74.05 |
| Research & Development | -- | 2.27 | 0.02 | 2.31 | 3.56 | 37.52 | 79.08 |
| Selling, General & Admin | 1.44 | 13.80 | 22.67 | 50.30 | 88.11 | 22.64 | 157.33 |
| Total Operating Expenses | 2.48 | 36.40 | 7.94 | 13.54 | 24.30 | 45.87 | 1,243.98 |
| Operating Income | (1.34) | (1.93) | (41.69) | (11.82) | (11.19) | (206.84) | (728.43) |
| Pretax Income | (0.81) | (14.09) | (95.15) | (194.03) | (101.95) | (246.94) | (904.52) |
| Tax Provision | (0.06) | 0.69 | (13.90) | 2.52 | 1.08 | 7.54 | 0.28 |
| Net Income | (1.32) | (2.12) | (11.12) | (27.57) | (101.73) | (293.93) | (130.13) |
| Basic EPS | -0.00 | (0.03) | (0.16) | (0.09) | -- | -- | -- |
| Diluted EPS | -0.00 | (0.03) | (0.16) | (0.09) | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.15 | (14.90) | 1.22 | (1.52) | (5.05) | 56.96 | 175.08 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 2.82 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | 172.26 |
| Investing Cash Flow | (5.27) | (0.08) | 35.27 | 12.57 | (18.75) | 29.52 | (538.70) |
| Financing Cash Flow | 1.55 | 1.83 | (257.38) | (57.89) | (20.77) | (43.93) | 224.37 |
* Derived from reported values
