HKG:2526 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	164.42	70.35	52.84
Revenue Growth (YoY)	133.72%	33.13%	-
Cost of Revenue	46.34	24.29	15.35
Gross Profit	118.09	46.06	37.5
Selling, General & Admin	84.74	50.57	51.84
Research & Development	104.35	25.52	28.64
Other Operating Expenses	9.57	2.07	1.2
Operating Expenses	198.66	78.15	81.68
Operating Income	-80.57	-32.09	-44.19
Interest Expense	-0.58	-21.19	-16.32
Interest & Investment Income	0.52	0.77	1.61
Earnings From Equity Investments	0.03	-0.1	-0
Currency Exchange Gain (Loss)	0.04	0.06	0.04
Other Non Operating Income (Expenses)	-0.75	0.16	2.36
EBT Excluding Unusual Items	-81.31	-52.39	-56.5
Gain (Loss) on Sale of Investments	0.31	0.33	0.19
Gain (Loss) on Sale of Assets	2.2	0.18	-
Other Unusual Items	11.67	8.5	0.13
Pretax Income	-67.14	-43.39	-56.18
Income Tax Expense	0	-0.01	-0.07
Net Income	-67.14	-43.38	-56.12
Net Income to Common	-67.14	-43.38	-56.12
Shares Outstanding (Basic)	80	79	76
Shares Outstanding (Diluted)	80	79	76
Shares Change (YoY)	1.31%	3.69%	-
EPS (Basic)	-0.84	-0.55	-0.74
EPS (Diluted)	-0.84	-0.55	-0.74
Free Cash Flow	-58	-53.98	-71.61
Free Cash Flow Per Share	-0.72	-0.68	-0.94
Gross Margin	71.82%	65.47%	70.95%
Operating Margin	-49.00%	-45.62%	-83.62%
Profit Margin	-40.83%	-61.65%	-106.19%
Free Cash Flow Margin	-35.28%	-76.72%	-135.52%
EBITDA	-71.96	-21.22	-39.47
EBITDA Margin	-43.77%	-30.16%	-74.69%
D&A For EBITDA	8.61	10.88	4.72
EBIT	-80.57	-32.09	-44.19
EBIT Margin	-49.00%	-45.62%	-83.62%