Shanghai Xizhi Technology 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	106.37	60.19	38.24
Revenue Growth (YoY)	76.72%	57.42%	-
Cost of Revenue	64.9	27.98	15.03
Gross Profit	41.47	32.21	23.2
Selling, General & Admin	251.04	123.43	134.35
Research & Development	479.04	352.06	279.82
Other Operating Expenses	-191.7	-72.94	-13.79
Operating Expenses	539.87	402.71	400.45
Operating Income	-498.4	-370.5	-377.25
Interest Expense	-3.2	-3.18	-2.29
Interest & Investment Income	6.34	8.27	4.65
Currency Exchange Gain (Loss)	-12.6	15.25	14.41
Other Non Operating Income (Expenses)	-843.47	-378.85	-56.63
EBT Excluding Unusual Items	-1,351	-729	-417.12
Gain (Loss) on Sale of Investments	8.44	1.21	3.75
Gain (Loss) on Sale of Assets	-	-7.01	-0.01
Other Unusual Items	0.52	-0.48	-0
Pretax Income	-1,342	-735.28	-413.38
Income Tax Expense	-	-	0.13
Net Income	-1,342	-735.28	-413.5
Net Income to Common	-1,342	-735.28	-413.5
Shares Outstanding (Basic)	29	14	10
Shares Outstanding (Diluted)	29	14	10
Shares Change (YoY)	106.21%	41.20%	-
EPS (Basic)	-46.10	-52.08	-41.35
EPS (Diluted)	-46.10	-52.08	-41.35
Free Cash Flow	-597.12	-283.41	-219.54
Free Cash Flow Per Share	-20.51	-20.07	-21.95
Gross Margin	38.98%	53.52%	60.69%
Operating Margin	-468.56%	-615.54%	-986.66%
Profit Margin	-1262.01%	-1221.58%	-1081.48%
Free Cash Flow Margin	-561.37%	-470.85%	-574.19%
EBITDA	-454.99	-356.38	-368.59
D&A For EBITDA	43.41	14.12	8.66
EBIT	-498.4	-370.5	-377.25

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