HKG:1956 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	405.32	317.77	249.69
Revenue Growth (YoY)	27.55%	27.26%	-
Cost of Revenue	197.66	157.63	139.78
Gross Profit	207.66	160.14	109.92
Selling, General & Admin	226.06	207.43	224.57
Research & Development	187.55	131.02	179.51
Other Operating Expenses	-0.81	1.11	0.01
Operating Expenses	420.52	346.3	407.67
Operating Income	-212.87	-186.15	-297.76
Interest Expense	-2.7	-0.93	-1.5
Interest & Investment Income	3.07	7.78	13.05
Other Non Operating Income (Expenses)	44.11	20.85	24.1
EBT Excluding Unusual Items	-168.39	-158.46	-262.12
Gain (Loss) on Sale of Investments	-	0.07	2.1
Gain (Loss) on Sale of Assets	0.44	-	-
Other Unusual Items	0.38	1.09	0.03
Pretax Income	-167.57	-157.3	-259.98
Income Tax Expense	-1.31	-0.21	-0.2
Earnings From Continuing Operations	-166.26	-157.1	-259.79
Minority Interest in Earnings	-8.04	0.24	0.76
Net Income	-174.31	-156.85	-259.02
Net Income to Common	-174.31	-156.85	-259.02
Shares Outstanding (Basic)	157	151	150
Shares Outstanding (Diluted)	157	151	150
Shares Change (YoY)	4.59%	0.39%	-
EPS (Basic)	-1.11	-1.04	-1.73
EPS (Diluted)	-1.11	-1.04	-1.73
Free Cash Flow	-191.43	-142.23	-211.18
Free Cash Flow Per Share	-1.22	-0.94	-1.41
Gross Margin	51.23%	50.40%	44.02%
Operating Margin	-52.52%	-58.58%	-119.25%
Profit Margin	-43.00%	-49.36%	-103.74%
Free Cash Flow Margin	-47.23%	-44.76%	-84.58%
EBITDA	-200.88	-174.29	-288.16
EBITDA Margin	-49.56%	-54.85%	-115.41%
D&A For EBITDA	11.98	11.87	9.6
EBIT	-212.87	-186.15	-297.76
EBIT Margin	-52.52%	-58.58%	-119.25%
Advertising Expenses	2.88	5.09	8.3