Financial Statements — KRKR
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.10 | 0.04 | 0.04 | 0.14 | 0.06 | 0.18 |
| Short-term Investments | 0.00 | 0.05 | 0.08 | 0.04 | 0.15 | 0.01 |
| Accounts Receivable | 0.06 | 0.07 | 0.14 | 0.20 | 0.05 | 0.08 |
| Total Current Assets | 0.19 | 0.18 | 0.27 | 0.40 | 0.53 | 0.12 |
| Property, Plant & Equipment | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets | 0.11 | 0.10 | 0.19 | 0.17 | 0.05 | 0.06 |
| Total Assets | 0.30 | 0.28 | 0.46 | 0.57 | 0.09 | 0.91 |
| Accounts Payable | 0.05 | 0.06 | 0.06 | 0.05 | 0.01 | 0.02 |
| Total Current Liabilities | 0.16 | 0.15 | 0.17 | 0.21 | 0.03 | 0.27 |
| Total Non-current Liabilities* | 0.01 | 0.01 | 0.03 | 0.02 | 0.00 | 0.00 |
| Total Liabilities | 0.17 | 0.16 | 0.20 | 0.23 | 0.03 | 0.27 |
| Retained Earnings | (1.92) | (1.93) | (1.80) | (1.71) | (1.64) | (1.36) |
| Total Stockholder Equity | 0.13 | 0.12 | 0.25 | 0.34 | 0.06 | 0.64 |
* Derived from reported values
Income Statement
(in millions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 227.94 | 231.07 | 340.19 | 322.50 | 59.27 | 94.17 |
| Cost of Revenue | 96.44 | 118.73 | 158.17 | 137.85 | 261.37 | 54.63 |
| Gross Profit | 131.50 | 112.34 | 182.02 | 184.65 | 19.22 | 39.55 |
| Research & Development | 12.71 | 14.40 | 41.68 | 55.05 | 38.23 | 5.14 |
| Selling, General & Admin | 42.37 | 93.10 | 107.03 | 52.07 | 212.41 | 131.07 |
| Total Operating Expenses | 121.48 | 190.10 | 276.23 | 229.19 | 392.71 | 298.18 |
| Operating Income | 10.02 | (77.76) | (94.22) | (44.54) | (40.97) | (3.28) |
| Pretax Income | 11.45 | (140.72) | (89.29) | 23.00 | (42.23) | (0.86) |
| Tax Provision | 0.02 | 0.06 | (0.04) | 0.36 | 0.58 | 19.89 |
| Net Income | 11.43 | (140.79) | (89.25) | 22.64 | (279.34) | (25.91) |
| Basic EPS | 0.01 | (0.13) | (0.09) | 0.02 | (0.28) | (0.33) |
| Diluted EPS | 0.01 | (0.13) | (0.09) | 0.02 | (0.04) | (2.31) |
Cash Flow Statement
(in millions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 19.01 | (32.99) | (122.16) | (4.99) | (17.12) | (158.94) |
| Capital Expenditures | 0.15 | 0.44 | 5.38 | 1.07 | 0.34 | 0.67 |
| Free Cash Flow* | 18.86 | (33.43) | (127.54) | (6.05) | (17.46) | (159.60) |
| Investing Cash Flow | 48.02 | 32.48 | 20.17 | 43.31 | (9.85) | 9.89 |
| Financing Cash Flow | 9.75 | (3.61) | 0.48 | 5.12 | (5.03) | 278.34 |
* Derived from reported values
