Financial Statements — TC
Balance Sheet
(in billions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Cash & Equivalents | 0.00 | 0.01 | 0.02 | 0.00 |
| Accounts Receivable | 0.02 | 0.02 | 0.04 | 0.01 |
| Total Current Assets | 0.03 | 0.03 | 0.12 | 0.14 |
| Property, Plant & Equipment | -- | -- | -- | 0.00 |
| Goodwill | -- | 0.05 | 0.05 | 0.12 |
| Intangible Assets | -- | -- | -- | 0.02 |
| Total Non-current Assets | 0.01 | 0.06 | 0.06 | 0.13 |
| Total Assets | 0.20 | 0.09 | 0.18 | 0.27 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 |
| Short-term Debt | 0.03 | 0.00 | 0.01 | 0.00 |
| Total Current Liabilities | 0.13 | 0.08 | 0.09 | 0.11 |
| Long-term Debt | 0.01 | 0.01 | 0.00 | -- |
| Total Non-current Liabilities | 0.01 | 0.02 | 0.00 | 0.00 |
| Total Liabilities | 0.02 | 0.10 | 0.12 | 0.13 |
| Retained Earnings | (0.20) | (1.27) | (0.16) | (1.04) |
| Total Stockholder Equity | 0.03 | (0.01) | 0.07 | 0.14 |
Income Statement
(in millions CNY) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Total Revenue | 19.78 | 32.31 | 92.15 | 13.32 |
| Cost of Revenue | 4.15 | 9.95 | 4.65 | 2.53 |
| Gross Profit | 2.18 | 3.08 | 58.43 | 10.79 |
| Research & Development | 1.37 | 8.70 | 1.06 | 1.85 |
| Selling, General & Admin | 21.31 | 24.28 | 23.65 | 26.93 |
| Total Operating Expenses | 7.90 | 9.61 | 113.58 | 116.51 |
| Operating Income | (40.93) | (6.53) | (55.16) | (44.26) |
| Pretax Income | (0.67) | (5.60) | (4.24) | (56.17) |
| Tax Provision | -- | 0.00 | 0.00 | 0.00 |
| Net Income | (0.67) | (40.67) | (4.24) | (56.17) |
| Basic EPS | -- | (0.10) | (0.08) | (0.03) |
| Diluted EPS | -- | (0.10) | (0.08) | (0.03) |
Cash Flow Statement
(in millions CNY)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 |
|---|
| Operating Cash Flow | (169.50) | (11.09) | (52.41) | (8.27) |
| Capital Expenditures | -- | 0.01 | -- | 0.02 |
| Free Cash Flow* | -- | (11.09) | -- | (8.28) |
| Investing Cash Flow | -- | -0.00 | -- | (0.02) |
| Financing Cash Flow | 164.20 | 7.21 | 3.44 | (0.31) |
* Derived from reported values
