HKG:2577 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
Revenue	1,213	828.46	592.72	136.17	68.22
Revenue Growth (YoY)	46.45%	39.77%	335.26%	99.63%	-
Cost of Revenue	1,125	989.88	954.79	530.28	249.75
Gross Profit	88.76	-161.42	-362.07	-394.11	-181.53
Selling, General & Admin	580.37	549.07	337.17	268.55	207.53
Research & Development	374.24	323.03	348.75	581.09	661.7
Other Operating Expenses	-113.1	-48.73	-39.8	-17.81	-40.73
Operating Expenses	841.51	823.37	646.12	831.83	828.5
Operating Income	-752.74	-984.79	-1,008	-1,226	-1,010
Interest Expense	-87.26	-84.07	-118.91	-131.63	-93.27
Interest & Investment Income	-	6.39	14.05	18.92	11.68
Currency Exchange Gain (Loss)	-	4.88	-3.58	4.06	-8.83
Other Non Operating Income (Expenses)	-	-	-	-898	-2,299
EBT Excluding Unusual Items	-840	-1,058	-1,117	-2,233	-3,399
Gain (Loss) on Sale of Investments	-	1.47	5.59	28.59	0.21
Gain (Loss) on Sale of Assets	-	10.77	9.11	-1.42	-0.23
Pretax Income	-840	-1,045	-1,102	-2,205	-3,399
Income Tax Expense	0.51	0.34	0.01	0.07	-
Net Income	-840.51	-1,046	-1,102	-2,205	-3,399
Net Income to Common	-840.51	-1,046	-1,102	-2,205	-3,399
Shares Outstanding (Basic)	881	819	800	-	-
Shares Outstanding (Diluted)	881	819	800	-	-
Shares Change (YoY)	7.54%	2.40%	-	-	-
EPS (Basic)	-0.95	-1.28	-1.38	-	-
EPS (Diluted)	-0.95	-1.28	-1.38	-	-
Free Cash Flow	-1,017	-508.1	-924.92	-1,401	-1,683
Free Cash Flow Per Share	-1.15	-0.62	-1.16	-	-
Gross Margin	7.32%	-19.48%	-61.09%	-289.41%	-266.12%
Operating Margin	-62.04%	-118.87%	-170.10%	-900.27%	-1480.67%
Profit Margin	-69.28%	-126.22%	-185.91%	-1619.60%	-4983.28%
Free Cash Flow Margin	-83.83%	-61.33%	-156.05%	-1028.77%	-2467.81%
EBITDA	-248.71	-489.27	-493.08	-773.61	-755.91
EBITDA Margin	-20.50%	-59.06%	-83.19%	-	-
D&A For EBITDA	504.03	495.51	515.11	452.32	254.13
EBIT	-752.74	-984.79	-1,008	-1,226	-1,010
EBIT Margin	-62.04%	-118.87%	-170.10%	-	-

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