YMT (YMT) financial statements
YMT reported revenue of 94M CNY in fiscal 2025, down 29.1% a year over 2 years.
Net income was -47M CNY and the operating margin -44.3%, against -53.2% in 2023.
Free cash flow was -50M CNY.
The diluted share count rose 235% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from YMT's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 188M CNY | 161M CNY | 94M CNY |
| Cost of revenue | 49M CNY | 31M CNY | 22M CNY |
| Gross profit | 138M CNY | 131M CNY | 119M CNY |
| Research and development | 47M CNY | 38M CNY | 30M CNY |
| Selling, general and admin | 191M CNY | 127M CNY | 136M CNY |
| Operating income | -100M CNY | -34M CNY | -42M CNY |
| Interest expense | 211,000 CNY | 964,000 CNY | 6M CNY |
| Pre-tax income | -106M CNY | -35M CNY | -47M CNY |
| Net income | -106M CNY | -35M CNY | -47M CNY |
| EPS (diluted) | -0.45 CNY | -0.27 CNY | -0.03 CNY |
| Diluted shares | 400M | 460M | 1.34B |
| Gross margin | 73.7% | 81.0% | 126.2% |
| Operating margin | -53.2% | -21.1% | -44.3% |
| Net margin | -56.3% | -21.6% | -49.5% |
Balance sheet
Fiscal years, in CNY, from YMT's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | 4M CNY | 3M CNY | 22M CNY |
| Receivables | — | 733,000 CNY | 945,000 CNY |
| Inventory | — | 237,000 CNY | 2M CNY |
| Total current assets | — | 47M CNY | 154M CNY |
| Property, plant and equipment | — | 1M CNY | 782,000 CNY |
| Total assets | — | 61M CNY | 161M CNY |
| Total current liabilities | — | 479M CNY | 310M CNY |
| Total liabilities | — | 496M CNY | 323M CNY |
| Shareholders' equity | -1.6B CNY | -1.8B CNY | -191M CNY |
| Net debt | -4M CNY | -3M CNY | -22M CNY |
Cash flow
Fiscal years, in CNY, from YMT's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -18M CNY | -61M CNY | -49M CNY |
| Capital spending | 2M CNY | 351,000 CNY | 850,000 CNY |
| Free cash flow | -20M CNY | -62M CNY | -50M CNY |
| Stock-based compensation | 51M CNY | — | — |
| Net borrowing | — | -7M CNY | -9M CNY |
| Free cash flow margin | -10.7% | -38.3% | -53.0% |
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Open YMT in InvestinglyQuestions
What was YMT's revenue in 2025?
94M CNY in fiscal 2025, from its 10-K filing.
How much free cash flow does YMT generate?
-50M CNY in fiscal 2025 (operating cash flow minus capital spending).
From YMT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.