Financial Statements — STG
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.58 | 0.51 | 0.11 | 0.11 | 0.63 | 0.76 | 0.20 |
| Short-term Investments | 0.24 | 0.28 | 0.14 | 0.07 | 0.03 | 0.08 | 0.22 |
| Inventory | 0.02 | 0.02 | 0.01 | 0.01 | -- | -- | -- |
| Total Current Assets | 0.92 | 0.88 | 1.03 | 0.97 | 0.18 | 1.55 | 2.04 |
| Property, Plant & Equipment | 0.09 | 0.76 | 0.11 | 0.81 | 0.13 | 0.51 | 0.08 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets | 0.16 | 1.24 | 1.09 | 0.19 | 1.47 | 1.71 | 1.92 |
| Total Assets | 2.05 | 2.12 | 0.30 | 0.33 | 0.41 | 0.50 | 3.97 |
| Total Current Liabilities | 0.76 | 0.80 | 0.14 | 1.48 | 1.91 | 0.34 | 2.24 |
| Long-term Debt | 0.00 | 0.04 | 0.01 | 0.14 | 0.18 | 0.16 | 0.19 |
| Total Non-current Liabilities | 0.34 | 0.72 | 0.12 | 1.18 | 0.27 | 0.35 | 0.35 |
| Total Liabilities | 0.16 | 1.52 | 1.84 | 2.66 | 3.61 | 4.47 | 4.71 |
| Retained Earnings | (1.49) | (1.84) | (0.31) | (0.41) | (0.54) | (3.68) | (3.24) |
| Total Stockholder Equity | 0.14 | 0.60 | 0.28 | (0.37) | (0.16) | (0.19) | (0.74) |
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 2.02 | 1.99 | 0.30 | 0.34 | 0.39 | 0.34 | 0.32 |
| Cost of Revenue | 0.26 | 0.32 | 0.27 | 0.35 | 0.06 | 0.06 | 0.40 |
| Gross Profit | 1.76 | 1.67 | 1.89 | 1.97 | 0.33 | 0.28 | 0.26 |
| Research & Development | 0.00 | 0.03 | 0.03 | 0.01 | 0.01 | 0.07 | 0.10 |
| Selling, General & Admin | 0.02 | 0.13 | 0.02 | 0.19 | 0.21 | 0.04 | 0.05 |
| Total Operating Expenses | 0.20 | 1.37 | 1.32 | 0.20 | 2.02 | 2.47 | 0.32 |
| Operating Income | 0.38 | 0.30 | 0.57 | 0.62 | 0.11 | (0.10) | (0.07) |
| Interest Expense | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | 0.06 | 0.36 | 0.68 | 0.65 | 0.20 | (0.43) | (0.39) |
| Tax Provision | 0.06 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 |
| Net Income | 0.37 | 0.34 | 0.64 | 0.64 | 0.22 | (0.43) | (0.06) |
| Basic EPS | 54.28 | 50.12 | 13.08 | 94.14 | -- | -- | -- |
| Diluted EPS | 54.28 | 50.12 | 13.08 | 94.14 | -- | -- | -- |
Cash Flow Statement
(in millions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 146.81 | 195.52 | 19.83 | 1.33 | (373.25) | (28.91) | (533.55) |
| Capital Expenditures | 0.21 | 0.26 | 0.81 | 3.24 | 2.15 | 12.43 | 3.56 |
| Free Cash Flow* | 146.60 | 195.26 | 19.02 | (1.91) | (375.40) | (41.34) | (537.10) |
| Investing Cash Flow | (12.73) | (358.86) | (10.12) | 96.18 | 342.68 | (349.31) | 104.79 |
| Financing Cash Flow | (6.82) | (112.73) | (74.66) | (67.91) | (38.90) | (59.08) | (64.15) |
* Derived from reported values
