HKG:1274 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,001	1,248	1,216	1,326	178.26
Revenue Growth (YoY)	-19.81%	2.58%	-8.27%	643.80%	274.06%
Cost of Revenue	985.33	1,157	1,095	1,215	141.48
Gross Profit	15.24	90.83	120.95	110.57	36.78
Selling, General & Admin	98.71	87.89	116.2	69.2	39.12
Research & Development	322.78	280.65	216.62	104.05	54.95
Other Operating Expenses	9.88	4.62	-7.8	-4.96	-3.41
Operating Expenses	431.36	371.64	323.37	172	92.1
Operating Income	-416.13	-280.82	-202.42	-61.42	-55.32
Interest Expense	-5.74	-5.25	-1.35	-0.75	-1.55
Interest & Investment Income	-	5.11	3.11	0.1	0.09
Currency Exchange Gain (Loss)	-	-5.47	-3.79	-8.54	1.31
Other Non Operating Income (Expenses)	11.03	-0.38	-0.05	-279.42	-412.37
EBT Excluding Unusual Items	-410.84	-286.81	-204.49	-350.03	-467.83
Gain (Loss) on Sale of Investments	-	-1.51	9.3	7.73	3.89
Gain (Loss) on Sale of Assets	-	-0.02	0.09	-0.07	-0.26
Asset Writedown	-5.72	-	-	-	-
Pretax Income	-416.56	-288.34	-195.11	-342.38	-464.2
Income Tax Expense	-0.08	-	-	-	-
Earnings From Continuing Operations	-416.47	-288.34	-195.11	-342.38	-464.2
Minority Interest in Earnings	0.64	-	-	-	-
Net Income	-415.83	-288.34	-195.11	-342.38	-464.2
Net Income to Common	-415.83	-288.34	-195.11	-342.38	-464.2
Shares Outstanding (Basic)	245	226	205	193	166
Shares Outstanding (Diluted)	245	226	205	193	166
Shares Change (YoY)	8.07%	10.47%	5.90%	16.78%	14.72%
EPS (Basic)	-1.70	-1.27	-0.95	-1.77	-2.80
EPS (Diluted)	-1.70	-1.27	-0.95	-1.77	-2.80
Free Cash Flow	-367.14	-585.32	-336.28	-90	-67
Free Cash Flow Per Share	-1.50	-2.59	-1.64	-0.47	-0.40
Gross Margin	1.52%	7.28%	9.94%	8.34%	20.64%
Operating Margin	-41.59%	-22.51%	-16.64%	-4.63%	-31.03%
Profit Margin	-41.56%	-23.11%	-16.04%	-25.82%	-260.41%
Free Cash Flow Margin	-36.69%	-46.91%	-27.65%	-6.79%	-37.59%
EBITDA	-404.41	-269.1	-192.51	-54.66	-50.13
EBITDA Margin	-40.42%	-21.57%	-15.83%	-4.12%	-28.12%
D&A For EBITDA	11.72	11.72	9.91	6.77	5.19
EBIT	-416.13	-280.82	-202.42	-61.42	-55.32
EBIT Margin	-41.59%	-22.51%	-16.64%	-4.63%	-31.03%
Advertising Expenses	-	-	-	2.16	0.87

Source: S&P Global Market Intelligence. Standard template. Financial Sources.