Financial Statements — YQ
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Cash & Equivalents | 0.25 | 0.23 | 0.04 | 0.10 | 0.19 | 2.83 |
| Short-term Investments | 0.02 | 0.13 | 0.17 | -- | -- | -- |
| Accounts Receivable | 0.01 | 0.07 | 0.06 | 0.01 | -- | -- |
| Inventory | 0.02 | -- | -- | -- | -- | -- |
| Total Current Assets | 0.55 | 0.51 | 0.63 | 0.91 | 0.21 | 3.05 |
| Property, Plant & Equipment | 0.02 | 0.03 | 0.00 | 0.03 | 0.01 | 0.02 |
| Total Non-current Assets* | (0.47) | (0.43) | 0.05 | (0.77) | 0.04 | (2.53) |
| Total Assets | 0.08 | 0.08 | 0.68 | 0.14 | 0.25 | 0.52 |
| Short-term Debt | -- | -- | -- | -- | -- | 0.09 |
| Total Current Liabilities | 0.29 | 0.15 | 0.03 | 0.03 | 0.11 | 1.21 |
| Total Non-current Liabilities* | 0.01 | 0.00 | 0.00 | 0.19 | 0.02 | (1.00) |
| Total Liabilities | 0.30 | 0.16 | 0.03 | 0.22 | 0.12 | 0.20 |
| Retained Earnings | (10.92) | (10.76) | (10.57) | (10.26) | (1.58) | (1.32) |
| Total Stockholder Equity | 0.29 | 0.39 | 0.49 | 0.76 | 0.13 | 0.32 |
* Derived from reported values
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Total Revenue | 0.11 | 0.03 | 0.17 | 0.53 | 2.18 | 1.29 |
| Cost of Revenue | 0.06 | 0.12 | 0.09 | 0.03 | 0.14 | 0.08 |
| Gross Profit | 0.05 | 0.07 | 0.08 | 0.05 | 1.31 | 0.12 |
| Research & Development | 0.01 | 0.07 | 0.17 | 0.24 | 0.80 | 0.61 |
| Selling, General & Admin | 0.07 | 0.02 | 0.02 | 0.03 | 0.07 | 0.06 |
| Total Operating Expenses | 0.03 | 0.28 | 0.42 | 0.08 | 0.44 | 0.33 |
| Operating Income | (0.16) | (0.21) | (0.05) | (0.21) | (1.47) | (0.20) |
| Interest Expense | -- | -- | -- | -- | -- | 0.00 |
| Pretax Income | (0.15) | (0.19) | (0.31) | (0.03) | (0.23) | (0.21) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Net Income | (0.02) | (0.19) | (0.31) | (0.18) | (0.23) | (0.21) |
| Basic EPS | (0.31) | (0.48) | (0.10) | (0.05) | -- | -- |
| Diluted EPS | (0.31) | (0.48) | (0.10) | (0.05) | -- | -- |
Cash Flow Statement
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Operating Cash Flow | 0.04 | (0.14) | (0.03) | (0.07) | (0.24) | (0.08) |
| Capital Expenditures | 0.01 | 0.01 | 0.03 | 0.00 | 0.13 | 0.09 |
| Free Cash Flow* | 0.03 | (0.15) | (0.06) | (0.07) | (0.37) | (0.17) |
| Investing Cash Flow | (0.04) | 0.04 | (0.02) | (0.01) | (0.02) | (0.01) |
| Financing Cash Flow | 0.03 | 0.02 | (0.05) | -0.00 | 0.00 | 2.80 |
* Derived from reported values
