HKG:2513 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	724.33	312.41	124.54	57.41
Revenue Growth (YoY)	131.85%	150.86%	116.93%	-
Cost of Revenue	427.68	135.98	42.34	25.99
Gross Profit	296.66	176.43	82.2	31.42
Selling, General & Admin	896.23	521.08	167.5	47.46
Research & Development	3,180	2,195	528.88	84.38
Other Operating Expenses	6.74	1.47	1.45	-0.3
Operating Expenses	4,083	2,735	717.62	131.56
Operating Income	-3,787	-2,559	-635.42	-100.15
Interest Expense	-74.32	-32.65	-7.5	-0.79
Interest & Investment Income	-	13.41	11.24	1.43
Earnings From Equity Investments	54.98	21.25	-0.45	-
Currency Exchange Gain (Loss)	-	14.45	-2.35	-
Other Non Operating Income (Expenses)	-912.08	-488.98	-177.96	-50.12
EBT Excluding Unusual Items	-4,718	-3,031	-812.44	-149.62
Gain (Loss) on Sale of Investments	-	66.27	26.02	5.97
Gain (Loss) on Sale of Assets	-	6.81	-1.54	-
Pretax Income	-4,718	-2,958	-787.96	-143.65
Earnings From Continuing Operations	-4,718	-2,958	-787.96	-143.65
Minority Interest in Earnings	19.96	1.52	-0	0.28
Net Income	-4,698	-2,956	-787.96	-143.37
Preferred Dividends & Other Adjustments	-2,780	-1,562	-343.06	-39.48
Net Income to Common	-1,918	-1,394	-444.9	-103.89
Shares Outstanding (Basic)	160	16	15	13
Shares Outstanding (Diluted)	160	16	15	13
Shares Change (YoY)	897.79%	5.87%	13.37%	-
EPS (Basic)	-12.03	-87.20	-29.46	-7.80
EPS (Diluted)	-12.03	-87.20	-29.46	-7.80
Free Cash Flow	-	-2,371	-1,155	-99.9
Free Cash Flow Per Share	-	-148.29	-76.47	-7.50
Gross Margin	40.96%	56.47%	66.00%	54.73%
Operating Margin	-522.79%	-818.97%	-510.22%	-174.44%
Profit Margin	-264.86%	-446.22%	-357.24%	-180.97%
Free Cash Flow Margin	-	-758.89%	-927.25%	-174.01%
EBITDA	-3,684	-2,456	-611.14	-92.16
EBITDA Margin	-	-	-	-160.53%
D&A For EBITDA	102.28	102.28	24.28	7.99
EBIT	-3,787	-2,559	-635.42	-100.15
EBIT Margin	-	-	-	-174.44%

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