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Company research

Nano Labs Ltd

CIK 1872302Updated Sep 26, 2026

NA price & chart

Provider market data

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Financials

FY 2025 · USD
Revenue— · FY 2025
Net income19,272,998USD · FY 2025
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

Operating income10,157,244USD · FY 2025
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

Diluted EPS0.97USD per share · FY 2025
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD159,273,894
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

85,684,364
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

49,458,573
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

52,729,898
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Property, Plant and Equipment, NetUSD25,983,194
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

27,452,829
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

23,953,236
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

3,076,552
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD1,209,646
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

4,511,585
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

6,800,325
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

12,608,229
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Accounts Receivable, after Allowance for Credit Loss, CurrentUSD40,042
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

79,683
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

245,537
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

—
Inventory, NetUSD1,948,181
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

4,154,807
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

1,817,808
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

14,674,460
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Assets, CurrentUSD61,299,941
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

51,004,757
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

17,717,934
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

41,445,394
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD439,741
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

723,878
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

1,048,266
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

1,212,988
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD53,864,974
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

53,283,855
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

51,754,498
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

29,122,741
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Stockholders’ equity:
Additional Paid in CapitalUSD———50,943,854
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Retained Earnings (Accumulated Deficit)USD-61,141,689
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

-78,629,283
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

-63,821,945
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

-28,602,923
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD-1,059,995
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

1,202,959
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

318,319
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

301,429
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD106,461,123
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

32,105,770
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

-2,080,138
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

23,607,157
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Additional Paid in Capital, Common StockUSD167,908,666
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

108,577,662
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

60,472,706
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

—
Liabilities and EquityUSD159,273,894
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

85,684,364
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

49,458,573
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

52,729,898
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD29,308,921
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

29,133,699
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

34,248,257
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

26,367,747
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Operating Lease, Liability, CurrentUSD160,152
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

266,277
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

491,303
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

602,958
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Accounts Payable, CurrentUSD2,763,577
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

2,518,147
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

2,382,649
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

2,195,796
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD241,400
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

405,841
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

526,730
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

360,985
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Stockholders' Equity Attributable to Noncontrolling InterestUSD-1,052,203
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

294,739
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

-215,787
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

—
Additional Financial Items
Long-term Debt, Excluding Current MaturitiesCNY———16,953,316
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Long-term Debt, Current MaturitiesUSD980,253
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

744,255
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

481,455
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

40,203
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Long-term Debt, Excluding Current MaturitiesUSD24,314,653
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

23,744,315
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

16,979,511
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

—
Short-term InvestmentsUSD3,729,654
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

——0
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD17,918,792
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-16,629,439
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-35,911,736
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

4,468,151
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and AmortizationUSD——624,417
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

564,014
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Share-based Payment Arrangement, Noncash ExpenseUSD10,388
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

55,857
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

101,432
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

1,342,123
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts ReceivableUSD-40,723
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-163,552
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

244,593
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Increase (Decrease) in InventoriesUSD2,344,085
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

3,879,109
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-4,063,739
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

10,258,519
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Increase (Decrease) in Accounts PayableUSD195,327
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

150,175
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Deferred Income Tax Expense (Benefit)CNY———0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD-15,403,609
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-19,382,498
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-18,845,065
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

-39,476,896
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD-42,139,670
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-35,719,428
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-14,893,024
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

-4,764,504
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Payments to Acquire Property, Plant, and EquipmentUSD6,585
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

5,059,215
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

14,893,024
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

2,517,181
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Cash flows from financing activities:
Payments for Repurchase of Common StockUSD237,147
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

———
Net Cash Provided by (Used in) Financing ActivitiesUSD54,403,604
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

52,304,103
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

28,170,077
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

23,116,403
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Repayments of Long-term DebtCNY5,350,000
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

—216,019
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

20,102
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD-3,272,201
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-2,188,644
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-5,545,446
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

-20,962,334
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD1,401,399
Source

20-F · 2026-04-13 · 0001213900-26-042816

As of 2025-12-31

4,569,835
Source

20-F · 2025-04-11 · 0001213900-25-031065

As of 2024-12-31

6,859,341
Source

20-F · 2024-04-08 · 0001213900-24-031192

As of 2023-12-31

12,615,137
Source

20-F · 2023-04-18 · 0000950170-23-013293

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD1,505,743
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,291,120
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

532,710
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

25,934
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Income Taxes Paid, NetUSD———12,803
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD-132,526
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

609,179
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

22,566
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Additional Financial Items
Share-based Payment Arrangement, ExpenseCNY——712,184
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Amortization of Intangible AssetsCNY985,844
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

985,844
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

985,844
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

575,076
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

DepreciationCNY9,975,895
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

8,669,931
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

3,436,716
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

3,353,055
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of Property Plant EquipmentUSD14,617
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

975
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Gain (Loss) on Termination of LeaseUSD—14,291
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-16,037
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD7,768,755
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

7,071,491
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

7,539,794
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

7,638,235
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD——-2,456
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

InterestExpenseNonoperatingUSD2,409,833
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

961,732
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Inventory Write-downUSD4,643,339
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,518,331
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

8,579,776
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

26,429,830
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Investment Income, InterestUSD6,659
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

70,161
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

69,055
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Net Income (Loss) Attributable to ParentUSD19,272,998
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-15,745,793
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-35,695,959
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

4,468,151
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD-1,354,206
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-883,646
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-215,777
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Net Income (Loss) Available to Common Stockholders, BasicCNY135,466,040
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-113,187,048
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Nonoperating Income (Expense)USD7,761,548
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-2,925,176
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

905,847
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

1,498,244
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Operating ExpensesUSD-15,818,281
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

15,318,296
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

22,214,140
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

30,077,894
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD—349,495
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

966,694
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

577,432
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Proceeds from Contributed CapitalUSD36,888
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,391,069
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

—0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Proceeds from Issuance of Common StockUSD50,796,783
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

43,906,905
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

10,278,952
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

20,682,191
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Stock or Unit Option Plan ExpenseCNY———9,329,484
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD———141,166,599
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Cost of Goods and Services Sold————
Operating Income (Loss)USD10,157,244
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-13,704,263
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-36,820,039
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

2,969,907
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD—349,495
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

966,694
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

577,432
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD17,918,792
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-16,629,439
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-35,914,192
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

4,468,151
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD——-2,456
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD-1,354,206
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-883,646
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-215,777
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Net Income (Loss) Attributable to ParentUSD19,272,998
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-15,745,793
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-35,695,959
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

4,468,151
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share0.97
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-1.96
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-0.61
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0.04
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share0.97
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-1.96
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-0.61
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

0.04
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Basicshares19,858,117
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

8,049,592
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

58,885,071
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

106,488,996
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares19,862,161
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

8,049,592
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

58,885,071
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

106,615,210
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Interest Expense (non-operating)USD2,409,833
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

961,732
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Additional Financial Items
Amortization of Intangible AssetsCNY985,844
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

985,844
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

985,844
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

575,076
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)CNY——-17,394
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Depreciation, Depletion and Amortization, NonproductionUSD1,559,643
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,343,192
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
General and Administrative ExpenseUSD7,768,755
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

7,071,491
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

7,539,794
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

7,638,235
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Gross ProfitUSD-5,661,037
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,614,033
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

-14,605,899
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

33,047,801
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Interest Expense, DebtCNY6,354,670
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

———
Interest Income, OtherUSD———287,968
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Investment Income, InterestUSD6,659
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

70,161
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

69,055
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

—
Marketing and Advertising ExpenseCNY656,386
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

364,253
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

1,278,586
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

10,901,200
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Net Income (Loss) Available to Common Stockholders, BasicCNY135,466,040
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-113,187,048
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

——
Nonoperating Income (Expense)USD7,761,548
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

-2,925,176
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

905,847
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

1,498,244
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Operating ExpensesUSD-15,818,281
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

15,318,296
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

22,214,140
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

30,077,894
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Other IncomeCNY2,737,314
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

———
Research and Development ExpenseUSD1,146,400
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

6,975,840
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

12,509,561
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

18,931,683
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Selling and Marketing ExpenseUSD671,421
Source

20-F · 2026-04-13 · 0001213900-26-042816

2025-01-01 to 2025-12-31

1,270,965
Source

20-F · 2025-04-11 · 0001213900-25-031065

2024-01-01 to 2024-12-31

2,164,785
Source

20-F · 2024-04-08 · 0001213900-24-031192

2023-01-01 to 2023-12-31

3,507,976
Source

20-F · 2023-04-18 · 0000950170-23-013293

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.