HKG:2261 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	662.66	614.51	390.74	272.22
Revenue Growth	-	57.27%	43.54%	-
Cost of Revenue	571.11	530.89	348.81	269.1
Gross Profit	91.55	83.62	41.93	3.11
Selling, General & Admin	85.49	75.74	37.33	44.7
Research & Development	89.2	82.96	87.58	96.55
Other Operating Expenses	0.98	0.89	0.57	0.4
Operating Expenses	170.81	158.01	132.48	140.34
Operating Income	-79.27	-74.39	-90.55	-137.22
Interest Expense	-0.85	-0.5	-0.65	-0.9
Interest & Investment Income	6.03	7	5	7.62
Currency Exchange Gain (Loss)	-	-	0.48	0.5
Other Non Operating Income (Expenses)	0.19	6.91	21.77	26.42
EBT Excluding Unusual Items	-73.9	-60.99	-63.95	-103.59
Gain (Loss) on Sale of Investments	0.88	0.72	0.67	0.49
Gain (Loss) on Sale of Assets	1.39	1.31	-7	1.62
Legal Settlements	2	-	-	-10
Other Unusual Items	-134.81	-130.56	-99.24	-89.34
Pretax Income	-204.44	-189.52	-169.52	-200.82
Net Income	-204.44	-189.52	-169.52	-200.82
Net Income to Common	-204.44	-189.52	-169.52	-200.82
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	537	537	-	-
Shares Outstanding (Diluted)	537	537	-	-
Shares Change	-	-	-	-
EPS (Basic)	-0.38	-0.35	-	-
EPS (Diluted)	-0.38	-0.35	-	-
EPS Growth	-	-	-	-
Free Cash Flow	-195.16	-274.26	-1.89	-129.36
Free Cash Flow Per Share	-0.36	-0.51	-	-
Gross Margin	13.81%	13.61%	10.73%	1.14%
Operating Margin	-11.96%	-12.11%	-23.17%	-50.41%
Profit Margin	-30.85%	-30.84%	-43.38%	-73.77%
Free Cash Flow Margin	-29.45%	-44.63%	-0.48%	-47.52%
EBITDA	-56.17	-52.22	-70.49	-120.14
EBITDA Margin	-8.48%	-8.50%	-18.04%	-44.13%
D&A For EBITDA	23.09	22.18	20.06	17.09
EBIT	-79.27	-74.39	-90.55	-137.22
EBIT Margin	-11.96%	-12.11%	-23.17%	-50.41%