Financial Statements — NA
Balance Sheet
(in billions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Cash & Equivalents | 0.36 | 0.00 | 0.00 |
| Accounts Receivable | 0.00 | 0.00 | 0.00 |
| Inventory | 0.04 | 0.01 | 0.01 |
| Total Current Assets | 1.24 | 0.02 | 0.14 |
| Property, Plant & Equipment | 0.19 | 0.20 | 0.11 |
| Intangible Assets | 0.01 | 0.05 | 0.05 |
| Total Non-current Assets | 0.24 | 0.25 | 0.16 |
| Total Assets | 1.48 | 0.36 | 0.30 |
| Accounts Payable | 0.02 | 0.02 | 0.06 |
| Short-term Debt | 0.03 | 0.02 | 0.01 |
| Total Current Liabilities | 0.68 | 0.23 | 0.20 |
| Long-term Debt | 0.18 | 0.16 | 0.07 |
| Total Non-current Liabilities | 0.02 | 0.16 | 0.07 |
| Total Liabilities | 0.86 | 0.39 | 0.26 |
| Retained Earnings | (0.57) | (0.51) | (0.33) |
| Total Stockholder Equity | 0.09 | (0.04) | 0.03 |
Income Statement
(in millions CNY) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Total Revenue | 8.28 | 3.47 | 52.27 |
| Cost of Revenue | 18.99 | 3.47 | 115.17 |
| Gross Profit | (1.50) | 0.00 | (62.90) |
| Research & Development | 0.44 | 4.06 | 32.95 |
| Selling, General & Admin | 21.54 | 3.57 | 4.30 |
| Total Operating Expenses | 27.33 | 8.24 | 73.50 |
| Operating Income | (38.03) | (58.69) | (18.88) |
| Pretax Income | (11.78) | (8.30) | (134.32) |
| Net Income | (0.99) | (57.23) | (134.32) |
| Basic EPS | (0.43) | (0.12) | (0.17) |
| Diluted EPS | (0.43) | (0.12) | (0.17) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 |
|---|
| Operating Cash Flow | (7.09) | (10.77) | (4.79) |
| Capital Expenditures | 0.60 | 4.62 | 86.01 |
| Free Cash Flow* | (7.69) | (15.39) | (90.81) |
| Investing Cash Flow | 7.39 | (4.62) | (86.01) |
| Financing Cash Flow | 375.87 | 80.18 | 50.35 |
* Derived from reported values
