XtalPi Holdings 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	802.62	266.43	174.42	133.35	62.8
Revenue Growth (YoY)	201.25%	52.75%	30.80%	112.35%	-
Cost of Revenue	243.45	143.01	126.18	60.1	27.42
Gross Profit	559.18	123.43	48.24	73.25	35.38
Selling, General & Admin	640.25	551.32	416.85	295.59	177.88
Research & Development	420	355.79	422.29	315.36	201.76
Other Operating Expenses	-39.09	-68.92	-29.39	5.28	-16.42
Operating Expenses	1,021	838.19	809.75	616.22	363.22
Operating Income	-461.98	-714.76	-761.5	-542.97	-327.84
Interest Expense	-9.37	-6.76	-9.58	-5.75	-3.58
Interest & Investment Income	117.73	55.64	102.69	50.48	14.06
Earnings From Equity Investments	-14.88	-4.19	-1.96	-0.24	-4.5
Currency Exchange Gain (Loss)	-3.42	-1.95	-40.37	5.91	9.43
EBT Excluding Unusual Items	-371.93	-672.02	-710.72	-492.56	-312.43
Gain (Loss) on Sale of Investments	507.28	25.28	65.87	-9.62	10.36
Other Unusual Items	-	-868.13	-1,261	-936.43	-1,835
Pretax Income	135.36	-1,515	-1,906	-1,439	-2,137
Income Tax Expense	0.78	-	-	-	-
Earnings From Continuing Operations	134.58	-1,515	-1,906	-1,439	-2,137
Minority Interest in Earnings	-10.83	-1.74	-8.06	0.11	0.04
Net Income	123.75	-1,517	-1,914	-1,439	-2,137
Net Income to Common	123.75	-1,517	-1,914	-1,439	-2,137
Shares Outstanding (Basic)	3,782	1,929	484	484	482
Shares Outstanding (Diluted)	3,994	1,929	484	484	482
Shares Change (YoY)	107.02%	298.66%	-	0.35%	-
EPS (Basic)	0.03	-0.79	-3.96	-2.97	-4.43
EPS (Diluted)	0.03	-0.79	-3.96	-2.97	-4.43
Free Cash Flow	-236.82	-536.79	-691.36	-622.52	-414.32
Free Cash Flow Per Share	-0.06	-0.28	-1.43	-1.29	-0.86
Gross Margin	69.67%	46.33%	27.66%	54.93%	56.34%
Operating Margin	-57.56%	-268.27%	-436.59%	-407.17%	-522.05%
Profit Margin	15.42%	-569.23%	-1097.57%	-1078.72%	-3403.38%
Free Cash Flow Margin	-29.51%	-201.47%	-396.37%	-466.82%	-659.76%
EBITDA	-374.73	-631.38	-690.69	-495	-315.45
EBITDA Margin	-46.69%	-236.97%	-	-	-
D&A For EBITDA	87.25	83.38	70.81	47.97	12.4
EBIT	-461.98	-714.76	-761.5	-542.97	-327.84
EBIT Margin	-57.56%	-268.27%	-	-	-
Effective Tax Rate	0.58%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.