HKG:2577 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	996	828.46	592.72	136.17	68.22
Revenue Growth (YoY)	48.57%	39.77%	335.26%	99.63%	-
Cost of Revenue	1,036	989.88	954.79	530.28	249.75
Gross Profit	-40.33	-161.42	-362.07	-394.11	-181.53
Selling, General & Admin	595.79	549.07	337.17	268.55	207.53
Research & Development	339.9	323.03	348.75	581.09	661.7
Other Operating Expenses	-48.73	-48.73	-39.8	-17.81	-40.73
Operating Expenses	886.96	823.37	646.12	831.83	828.5
Operating Income	-927.29	-984.79	-1,008	-1,226	-1,010
Interest Expense	-92.45	-84.07	-118.91	-131.63	-93.27
Interest & Investment Income	19.33	6.39	14.05	18.92	11.68
Currency Exchange Gain (Loss)	-6.77	4.88	-3.58	4.06	-8.83
Other Non Operating Income (Expenses)	11.59	-	-	-898	-2,299
EBT Excluding Unusual Items	-995.6	-1,058	-1,117	-2,233	-3,399
Gain (Loss) on Sale of Investments	2.67	1.47	5.59	28.59	0.21
Gain (Loss) on Sale of Assets	7.02	10.77	9.11	-1.42	-0.23
Pretax Income	-985.91	-1,045	-1,102	-2,205	-3,399
Income Tax Expense	0.43	0.34	0.01	0.07	-
Net Income	-986.35	-1,046	-1,102	-2,205	-3,399
Net Income to Common	-986.35	-1,046	-1,102	-2,205	-3,399
Shares Outstanding (Basic)	847	819	800	-	-
Shares Outstanding (Diluted)	847	819	800	-	-
Shares Change (YoY)	1.57%	2.40%	-	-	-
EPS (Basic)	-1.16	-1.28	-1.38	-	-
EPS (Diluted)	-1.16	-1.28	-1.38	-	-
Free Cash Flow	-	-508.1	-924.92	-1,401	-1,683
Free Cash Flow Per Share	-	-0.62	-1.16	-	-
Gross Margin	-4.05%	-19.48%	-61.09%	-289.41%	-266.12%
Operating Margin	-93.10%	-118.87%	-170.10%	-900.27%	-1480.67%
Profit Margin	-99.03%	-126.22%	-185.91%	-1619.60%	-4983.28%
Free Cash Flow Margin	-	-61.33%	-156.05%	-1028.77%	-2467.81%
EBITDA	-432.56	-489.27	-493.08	-773.61	-755.91
EBITDA Margin	-43.43%	-59.06%	-83.19%	-	-
D&A For EBITDA	494.74	495.51	515.11	452.32	254.13
EBIT	-927.29	-984.79	-1,008	-1,226	-1,010
EBIT Margin	-93.10%	-118.87%	-170.10%	-	-

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