HKG:2591 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	131.51	-	-
Cost of Revenue	14.45	-	-
Gross Profit	117.06	-	-
Selling, General & Admin	254.05	86.85	255.74
Research & Development	205.78	102.51	492.11
Other Operating Expenses	4.05	0.06	0.06
Operating Expenses	463.88	189.42	747.91
Operating Income	-346.82	-189.42	-747.91
Interest Expense	-1.72	-0.87	-2.32
Interest & Investment Income	13.5	14.8	13.97
Currency Exchange Gain (Loss)	-6.5	0.7	0.71
Other Non Operating Income (Expenses)	0.18	0.21	1.05
EBT Excluding Unusual Items	-341.36	-174.58	-734.5
Gain (Loss) on Sale of Investments	-	0.19	1.13
Gain (Loss) on Sale of Assets	-	-4.45	-
Other Unusual Items	-	4.15	-
Pretax Income	-341.36	-174.69	-733.38
Net Income	-341.36	-174.69	-733.38
Net Income to Common	-341.36	-174.69	-733.38
Shares Outstanding (Basic)	434	420	383
Shares Outstanding (Diluted)	434	420	383
Shares Change (YoY)	3.44%	9.63%	-
EPS (Basic)	-0.79	-0.42	-1.92
EPS (Diluted)	-0.79	-0.42	-1.92
Free Cash Flow	-	-166.57	-176.64
Free Cash Flow Per Share	-	-0.40	-0.46
Gross Margin	89.01%	-	-
Operating Margin	-263.72%	-	-
Profit Margin	-259.57%	-	-
EBITDA	-332.31	-174.91	-733.76
EBITDA Margin	-252.69%	-	-
D&A For EBITDA	14.51	14.51	14.14
EBIT	-346.82	-189.42	-747.91
EBIT Margin	-263.72%	-	-

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