HKG:2595 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	130.27	104.7	73.73
Revenue Growth (YoY)	24.42%	42.00%	-
Cost of Revenue	46.61	20.1	0.68
Gross Profit	83.66	84.61	73.05
Selling, General & Admin	81.38	58.08	49.95
Research & Development	282.26	332.12	308.94
Operating Expenses	363.64	390.21	358.88
Operating Income	-279.98	-305.6	-285.83
Interest Expense	-6.39	-6.12	-1.49
Interest & Investment Income	31.18	17.23	10.77
Currency Exchange Gain (Loss)	-23.84	3.54	3.82
Other Non Operating Income (Expenses)	3.32	-4.97	21.75
EBT Excluding Unusual Items	-275.71	-295.92	-250.98
Gain (Loss) on Sale of Investments	0.19	0.4	3.59
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.14
Other Unusual Items	-1,519	-382.11	-260.79
Pretax Income	-1,794	-677.64	-508.32
Income Tax Expense	0.15	-	-
Net Income	-1,795	-677.64	-508.32
Net Income to Common	-1,795	-677.64	-508.32
Shares Outstanding (Basic)	296	259	220
Shares Outstanding (Diluted)	296	259	220
Shares Change (YoY)	14.39%	17.40%	-
EPS (Basic)	-6.07	-2.62	-2.31
EPS (Diluted)	-6.07	-2.62	-2.31
Free Cash Flow	-135.81	-206.64	-202.65
Free Cash Flow Per Share	-0.46	-0.80	-0.92
Gross Margin	64.22%	80.81%	99.07%
Operating Margin	-214.93%	-291.87%	-387.66%
Profit Margin	-1377.58%	-647.20%	-689.40%
Free Cash Flow Margin	-104.25%	-197.35%	-274.85%
EBITDA	-274.53	-297.1	-274.33
EBITDA Margin	-210.74%	-283.76%	-
D&A For EBITDA	5.46	8.5	11.5
EBIT	-279.98	-305.6	-285.83
EBIT Margin	-214.93%	-291.87%	-

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