HKG:1274 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	977.56	1,248	1,216	1,326	178.26	47.66
Revenue Growth (YoY)	-25.33%	2.58%	-8.27%	643.80%	274.06%	-
Cost of Revenue	914.51	1,157	1,095	1,215	141.48	38.06
Gross Profit	63.05	90.83	120.95	110.57	36.78	9.6
Selling, General & Admin	94.97	87.89	116.2	69.2	39.12	11.64
Research & Development	337.59	280.65	216.62	104.05	54.95	44.14
Other Operating Expenses	4.57	4.62	-7.8	-4.96	-3.41	-3.68
Operating Expenses	435.33	371.64	323.37	172	92.1	52.19
Operating Income	-372.28	-280.82	-202.42	-61.42	-55.32	-42.59
Interest Expense	-4.9	-5.25	-1.35	-0.75	-1.55	-1.29
Interest & Investment Income	7.67	5.11	3.11	0.1	0.09	0.01
Currency Exchange Gain (Loss)	-3.17	-5.47	-3.79	-8.54	1.31	-0.87
Other Non Operating Income (Expenses)	-0.38	-0.38	-0.05	-279.42	-412.37	-9.6
EBT Excluding Unusual Items	-373.06	-286.81	-204.49	-350.03	-467.83	-54.34
Gain (Loss) on Sale of Investments	5.48	-1.51	9.3	7.73	3.89	0.49
Gain (Loss) on Sale of Assets	-0.02	-0.02	0.09	-0.07	-0.26	0.02
Pretax Income	-367.6	-288.34	-195.11	-342.38	-464.2	-53.83
Net Income	-367.66	-288.34	-195.11	-342.38	-464.2	-53.83
Net Income to Common	-367.66	-288.34	-195.11	-342.38	-464.2	-53.83
Shares Outstanding (Basic)	232	226	205	193	166	144
Shares Outstanding (Diluted)	232	226	205	193	166	144
Shares Change (YoY)	7.23%	10.47%	5.90%	16.78%	14.72%	-
EPS (Basic)	-1.59	-1.27	-0.95	-1.77	-2.80	-0.37
EPS (Diluted)	-1.59	-1.27	-0.95	-1.77	-2.80	-0.37
Free Cash Flow	-350.64	-585.32	-336.28	-90	-67	-26.74
Free Cash Flow Per Share	-1.51	-2.59	-1.64	-0.47	-0.40	-0.18
Gross Margin	6.45%	7.28%	9.94%	8.34%	20.64%	20.14%
Operating Margin	-38.08%	-22.51%	-16.64%	-4.63%	-31.03%	-89.37%
Profit Margin	-37.61%	-23.11%	-16.04%	-25.82%	-260.41%	-112.95%
Free Cash Flow Margin	-35.87%	-46.91%	-27.65%	-6.79%	-37.59%	-56.11%
EBITDA	-356.66	-269.1	-192.51	-54.66	-50.13	-37.83
EBITDA Margin	-36.48%	-21.57%	-15.83%	-4.12%	-28.12%	-79.38%
D&A For EBITDA	15.62	11.72	9.91	6.77	5.19	4.77
EBIT	-372.28	-280.82	-202.42	-61.42	-55.32	-42.59
EBIT Margin	-38.08%	-22.51%	-16.64%	-4.63%	-31.03%	-89.37%
Advertising Expenses	-	-	-	2.16	0.87	0.63

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