NAMI (NAMI) financial statements
NAMI reported revenue of 413M CNY in fiscal 2025, up 20.4% a year over 3 years.
Net income was -94M CNY and the operating margin -25.2%, against 18.5% in 2022.
Free cash flow was -25M CNY.
The diluted share count rose 168% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from NAMI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 236M CNY | 380M CNY | 406M CNY | 413M CNY |
| Cost of revenue | 139M CNY | 220M CNY | 289M CNY | 367M CNY |
| Gross profit | 97M CNY | 160M CNY | 117M CNY | 46M CNY |
| Research and development | 26M CNY | 35M CNY | 47M CNY | 52M CNY |
| Selling, general and admin | 27M CNY | 44M CNY | 43M CNY | 98M CNY |
| Operating income | 44M CNY | 80M CNY | 27M CNY | -104M CNY |
| Interest expense | 202,000 CNY | — | — | 32,000 CNY |
| Pre-tax income | 55M CNY | 84M CNY | 31M CNY | -101M CNY |
| Income tax | — | 21,000 CNY | — | 96,000 CNY |
| Net income | 53M CNY | 70M CNY | 20M CNY | -94M CNY |
| EPS (diluted) | 0.11 CNY | 0.15 CNY | 0.04 CNY | -0.07 CNY |
| Diluted shares | 466M | 466M | 516M | 1.25B |
| Gross margin | 41.1% | 42.1% | 28.8% | 11.0% |
| Operating margin | 18.5% | 21.1% | 6.7% | -25.2% |
| Net margin | 22.3% | 18.6% | 5.0% | -22.8% |
Balance sheet
Fiscal years, in CNY, from NAMI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | 55M CNY | 118M CNY | 102M CNY | 79M CNY |
| Receivables | — | 14M CNY | 54M CNY | 27M CNY |
| Inventory | — | 844,000 CNY | 107,000 CNY | 2M CNY |
| Total current assets | — | 148M CNY | 163M CNY | 121M CNY |
| Property, plant and equipment | — | 1M CNY | 2M CNY | 2M CNY |
| Total assets | — | 176M CNY | 243M CNY | 192M CNY |
| Total current liabilities | — | 50M CNY | 75M CNY | 79M CNY |
| Total liabilities | — | 56M CNY | 79M CNY | 82M CNY |
| Shareholders' equity | -205M CNY | -143M CNY | 132M CNY | 84M CNY |
| Net debt | -55M CNY | -75M CNY | -93M CNY | -64M CNY |
Cash flow
Fiscal years, in CNY, from NAMI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | 34M CNY | 57M CNY | 26M CNY | -25M CNY |
| Capital spending | 688,000 CNY | 476,000 CNY | 1M CNY | 784,000 CNY |
| Free cash flow | 33M CNY | 56M CNY | 25M CNY | -25M CNY |
| Stock-based compensation | 13,000 CNY | 16,000 CNY | 7,000 CNY | 42M CNY |
| Free cash flow margin | 13.9% | 14.8% | 6.1% | -6.1% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NAMI.
Open NAMI in InvestinglyQuestions
What was NAMI's revenue in 2025?
413M CNY in fiscal 2025, from its 10-K filing.
How much free cash flow does NAMI generate?
-25M CNY in fiscal 2025 (operating cash flow minus capital spending).
From NAMI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.