HKG:2126 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
Operating Revenue	283.65	158.22	173.86	145.7	30.8
Revenue	283.65	158.22	173.86	145.7	30.8
Revenue Growth (YoY)	79.28%	-9.00%	19.32%	373.11%	-
Cost of Revenue	110.57	80.9	85.64	86.95	21.75
Gross Profit	173.08	77.32	88.22	58.76	9.05
Selling, General & Admin	232.84	260.48	253.24	370.64	372.25
Research & Development	188.38	282.99	413.62	407.82	414.4
Other Operating Expenses	-4.25	-7.12	-8.5	-22.53	-5.89
Operating Expenses	416.96	536.35	658.37	755.93	780.76
Operating Income	-243.88	-459.03	-570.15	-697.18	-771.72
Interest Expense	-11.43	-12.22	-12.42	-6.79	-2.69
Interest & Investment Income	20.96	28.43	34.03	16.54	8.3
Currency Exchange Gain (Loss)	36.99	-15.6	-37.32	-158.54	14.84
Other Non Operating Income (Expenses)	-	-	-	-	51.15
EBT Excluding Unusual Items	-197.37	-458.42	-585.86	-845.97	-700.12
Gain (Loss) on Sale of Assets	-	-	-0.93	-0.17	-0.12
Asset Writedown	-354.86	-132.26	-181.21	-	-
Other Unusual Items	-	0.05	-	-	-2.09
Pretax Income	-552.23	-590.62	-768	-846.14	-702.33
Income Tax Expense	3.07	-	-	-	-
Net Income	-555.29	-590.62	-768	-846.14	-702.33
Net Income to Common	-555.29	-590.62	-768	-846.14	-702.33
Shares Outstanding (Basic)	416	414	412	410	400
Shares Outstanding (Diluted)	416	414	412	410	400
Shares Change (YoY)	0.52%	0.51%	0.35%	2.59%	203.07%
EPS (Basic)	-1.34	-1.43	-1.87	-2.06	-1.76
EPS (Diluted)	-1.34	-1.43	-1.87	-2.06	-1.76
Free Cash Flow	-78.23	-338.67	-410.83	-613.6	-634.29
Free Cash Flow Per Share	-0.19	-0.82	-1.00	-1.50	-1.59
Gross Margin	61.02%	48.87%	50.74%	40.33%	29.37%
Operating Margin	-85.98%	-290.13%	-327.94%	-478.49%	-2505.82%
Profit Margin	-195.76%	-373.30%	-441.74%	-580.73%	-2280.51%
Free Cash Flow Margin	-27.58%	-214.05%	-236.30%	-421.13%	-2059.57%
EBITDA	-181.27	-391.09	-492.69	-629.53	-738.7
EBITDA Margin	-63.91%	-247.18%	-283.39%	-	-
D&A For EBITDA	62.61	67.95	77.46	67.65	33.01
EBIT	-243.88	-459.03	-570.15	-697.18	-771.72
EBIT Margin	-85.98%	-290.13%	-	-	-
Advertising Expenses	107.03	97.18	48.39	77.39	70.12

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