Financial Statements — YSG
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Cash & Equivalents | 0.77 | 0.82 | 0.12 | 0.22 | 3.14 | 5.73 |
| Short-term Investments | 0.25 | 0.54 | 1.22 | 1.07 | -- | 0.01 |
| Accounts Receivable | 0.22 | 0.21 | 0.20 | 0.20 | 0.06 | 0.42 |
| Inventory | 0.51 | 0.39 | 0.05 | 0.42 | 0.11 | 0.09 |
| Total Current Assets | 0.32 | 2.35 | 0.42 | 3.51 | 4.56 | 7.09 |
| Property, Plant & Equipment | 0.08 | 0.07 | 0.06 | 0.08 | 0.04 | 0.29 |
| Goodwill | 0.16 | 0.16 | 0.56 | 0.12 | 0.14 | 0.00 |
| Intangible Assets | 0.54 | 0.56 | 0.67 | 0.69 | 0.75 | 0.19 |
| Total Non-current Assets | 0.23 | 0.22 | 0.29 | 0.34 | 0.43 | 0.19 |
| Total Assets | 0.55 | 3.97 | 5.01 | 5.86 | 1.14 | 1.27 |
| Accounts Payable | -- | 0.07 | 0.11 | 0.02 | 0.24 | 0.07 |
| Total Current Liabilities | 0.62 | 0.64 | 0.09 | 0.59 | 0.88 | 0.17 |
| Total Non-current Liabilities | 0.23 | 0.03 | 0.03 | 0.03 | 0.39 | 0.05 |
| Total Liabilities | 0.12 | 0.87 | 0.82 | 0.80 | 1.26 | 0.22 |
| Retained Earnings | (8.14) | (1.10) | (7.35) | (0.96) | (0.91) | (4.24) |
| Total Stockholder Equity | 3.01 | 3.06 | 4.14 | 4.72 | 5.66 | 6.85 |
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Total Revenue | 4,298.12 | 3,393.41 | 3,414.77 | 3,706.12 | 5,839.97 | 5,233.17 |
| Cost of Revenue | 936.78 | 776.24 | 901.46 | 172.15 | 304.61 | 286.46 |
| Gross Profit | 3,361.34 | 2,617.18 | 2,513.32 | 365.19 | 3,898.80 | 515.56 |
| Research & Development | 137.30 | 109.29 | 15.73 | 18.40 | 22.30 | 10.19 |
| Selling, General & Admin | 303.63 | 60.88 | 70.56 | 104.45 | 147.72 | 328.43 |
| Total Operating Expenses | 3,547.14 | 471.56 | 482.64 | 499.86 | 5,523.04 | 926.70 |
| Operating Income | (185.79) | (113.01) | (128.64) | (134.68) | (254.88) | (411.14) |
| Pretax Income | (92.52) | (713.31) | (106.12) | (818.63) | (242.91) | (410.95) |
| Tax Provision | (0.11) | (3.09) | (3.21) | 0.39 | (0.14) | 1.07 |
| Net Income | (11.56) | (708.17) | (747.76) | (118.22) | (1,540.73) | (411.92) |
| Basic EPS | (0.04) | (0.35) | (0.34) | (0.34) | (0.10) | (0.73) |
| Diluted EPS | (0.04) | (0.35) | (0.34) | (0.34) | (0.61) | (4.78) |
Cash Flow Statement
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 |
|---|
| Operating Cash Flow | (0.09) | (0.24) | (0.02) | 0.14 | (0.16) | (0.15) |
| Capital Expenditures | 0.04 | 0.05 | 0.01 | 0.05 | 0.14 | 0.03 |
| Free Cash Flow* | (0.14) | (0.30) | (0.02) | 0.09 | (0.30) | (0.19) |
| Investing Cash Flow | 0.25 | 0.59 | (0.26) | (1.16) | (0.23) | (0.08) |
| Financing Cash Flow | (0.15) | (0.39) | (0.05) | (0.09) | -0.00 | 6.68 |
* Derived from reported values
