Revenue: 91.51m CNY in Q4-2024, YoY -12.51%, QoQ 0.00%. Gross Profit: 10.64m CNY, Gross Margin 11.62%, YoY -38.81%, QoQ 0.00%. Operating Income: -32.06m CNY, Operating Margin -35.04%, YoY -350.46%, QoQ 0.00%. EBITDA: -29.45m CNY, EBITDA Margin: -32.18%. Net Income: -31.13m CNY, Net Margin: -34.02%, YoY -65.15%, QoQ 0.00%. Earnings per Share (EPS): -0.0778 CNY, Diluted EPS: -0.0778 CNY, YoY -65.18%, QoQ 0.00%. Cash Flow: CFO 17.26m CNY, Capex -0.64m CNY, Free Cash Flow 16.62m CNY. Balance Sheet snapshot: Cash and equivalents 64.77m CNY; Total current assets 245.18m CNY; Total assets 366.74m CNY; Total current liabilities 273.19m CNY; Total liabilities 281.02m CNY; Total equity 34.06m CNY (Retained earnings -37.98m CNY). Net debt: -63.77m CNY (net cash). Current ratio ~0.90, indicating near-term liquidity pressure despite net cash position due to high current liabilities. Notable items: Goodwill 39.83m CNY; Intangibles 17.79m CNY; Goodwill and intangibles total 57.62m CNY.