HKG:1121 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	189.12	253.51	295.35	274.28	313.51	111.87
Revenue Growth (YoY)	-29.25%	-14.16%	7.68%	-12.51%	180.24%	-34.07%
Cost of Revenue	175.39	227.65	261.7	242.74	224.99	93.87
Gross Profit	13.73	25.87	33.65	31.54	88.52	18
Selling, General & Admin	236.43	246.92	281.93	196.26	99.09	67.67
Research & Development	57.3	60.23	83.35	52.37	-	-
Amortization of Goodwill & Intangibles	0.01	0.02	0.46	0.42	0.11	12.28
Operating Expenses	294.03	306.92	366.08	247.82	99.84	80.47
Operating Income	-280.31	-281.05	-332.43	-216.29	-11.33	-62.47
Interest Expense	-8.66	-8.14	-5.15	-4.41	-5.57	-5.91
Interest & Investment Income	0.95	1.4	4.46	0.43	0.08	0.04
Currency Exchange Gain (Loss)	1.6	3.89	1.55	42.26	-	-
Other Non Operating Income (Expenses)	12.84	11.19	9.65	12.72	9.5	11.27
EBT Excluding Unusual Items	-273.58	-272.71	-321.93	-165.29	-7.32	-57.07
Gain (Loss) on Sale of Investments	-0.32	-0.32	0.61	0.14	0.71	-
Gain (Loss) on Sale of Assets	-	-	0.01	0.08	22.16	-
Asset Writedown	-3.47	-3	-2.52	0.14	-4.76	-50.77
Other Unusual Items	-	-	-	0.01	0.75	2.34
Pretax Income	-277.36	-276.03	-323.83	-164.92	11.53	-105.5
Income Tax Expense	1.2	1.38	2.55	2.12	2.31	3.26
Net Income	-278.56	-277.41	-326.38	-167.04	9.22	-108.76
Net Income to Common	-278.56	-277.41	-326.38	-167.04	9.22	-108.76
Shares Outstanding (Basic)	1,813	1,814	1,774	1,710	1,592	1,487
Shares Outstanding (Diluted)	1,813	1,814	1,774	1,710	1,800	1,487
Shares Change (YoY)	-0.11%	2.26%	3.72%	-4.99%	21.06%	2.27%
EPS (Basic)	-0.15	-0.15	-0.18	-0.10	0.01	-0.07
EPS (Diluted)	-0.15	-0.15	-0.18	-0.10	0.01	-0.07
Free Cash Flow	-44.78	-80.02	-254.21	-135.56	-169.3	-13.04
Free Cash Flow Per Share	-0.03	-0.04	-0.14	-0.08	-0.09	-0.01
Gross Margin	7.26%	10.20%	11.39%	11.50%	28.23%	16.09%
Operating Margin	-148.22%	-110.86%	-112.56%	-78.86%	-3.61%	-55.84%
Profit Margin	-147.29%	-109.42%	-110.51%	-60.90%	2.94%	-97.22%
Free Cash Flow Margin	-23.68%	-31.56%	-86.07%	-49.42%	-54.00%	-11.65%
EBITDA	-259.14	-261.09	-314.81	-205.9	-2.66	-46.62
EBITDA Margin	-137.02%	-102.99%	-106.59%	-75.07%	-0.85%	-41.68%
D&A For EBITDA	21.17	19.96	17.62	10.38	8.67	15.85
EBIT	-280.31	-281.05	-332.43	-216.29	-11.33	-62.47
EBIT Margin	-148.22%	-110.86%	-112.56%	-78.86%	-3.61%	-55.84%
Effective Tax Rate	-	-	-	-	20.02%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.