HKG:2235 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	660.79	340.35	248.35	169.89	151.4
Other Revenue	-	5.26	4.88	3.72	-
Revenue	660.79	345.62	253.23	173.61	151.4
Revenue Growth (YoY)	91.19%	36.48%	45.86%	14.67%	101.13%
Cost of Revenue	303.36	166.54	136.08	93.91	80.52
Gross Profit	357.42	179.08	117.14	79.69	70.88
Selling, General & Admin	271.34	249.28	250.62	158.23	93.74
Research & Development	76.34	76.56	70.1	61.09	36.08
Other Operating Expenses	-9.61	-0.79	-9.28	-21.99	-
Operating Expenses	339.61	326.49	312.43	200.04	131.05
Operating Income	17.82	-147.41	-195.29	-120.34	-60.17
Interest Expense	-0.13	-0.68	-0.05	-0.15	-0.02
Interest & Investment Income	53.9	64.25	68.24	55.72	24.49
Currency Exchange Gain (Loss)	-	9.7	7.11	29.95	-16.48
Other Non Operating Income (Expenses)	-22.04	-0.3	-4.68	-0.22	3.97
EBT Excluding Unusual Items	49.55	-74.44	-124.67	-35.03	-48.2
Gain (Loss) on Sale of Investments	-0.03	0.09	-0.02	-	-
Gain (Loss) on Sale of Assets	0.01	-	-	-0.01	0.05
Asset Writedown	-9.12	-0.83	-0.16	-0	-
Other Unusual Items	-	12.03	0	-	-
Pretax Income	40.4	-63.15	-124.85	-35.04	-48.15
Income Tax Expense	0.25	-0.03	0.16	0	-
Earnings From Continuing Operations	40.15	-63.12	-125.02	-35.04	-48.15
Net Income	40.15	-63.12	-125.02	-35.04	-48.15
Net Income to Common	40.15	-63.12	-125.02	-35.04	-48.15
Shares Outstanding (Basic)	402	418	431	438	373
Shares Outstanding (Diluted)	402	418	431	438	373
Shares Change (YoY)	-3.93%	-3.05%	-1.59%	17.39%	21.79%
EPS (Basic)	0.10	-0.15	-0.29	-0.08	-0.13
EPS (Diluted)	0.10	-0.15	-0.29	-0.08	-0.13
Free Cash Flow	-	-120.65	-153	-148.79	-61.82
Free Cash Flow Per Share	-	-0.29	-0.35	-0.34	-0.17
Gross Margin	54.09%	51.81%	46.26%	45.91%	46.82%
Operating Margin	2.70%	-42.65%	-77.12%	-69.32%	-39.74%
Profit Margin	6.08%	-18.26%	-49.37%	-20.18%	-31.80%
Free Cash Flow Margin	-	-34.91%	-60.42%	-85.71%	-40.83%
EBITDA	29.02	-136.21	-184.12	-110.19	-52.28
EBITDA Margin	4.39%	-39.41%	-72.71%	-63.47%	-34.53%
D&A For EBITDA	11.2	11.2	11.17	10.15	7.88
EBIT	17.82	-147.41	-195.29	-120.34	-60.17
EBIT Margin	2.70%	-42.65%	-77.12%	-69.32%	-39.74%
Effective Tax Rate	0.62%	-	-	-	-
Revenue as Reported	-	345.62	253.23	173.61	-

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