HKG:2632 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	666.6	577.62	549.36	214.09
Revenue Growth (YoY)	15.40%	5.14%	156.60%	-
Cost of Revenue	509.38	419.75	407.09	169.23
Gross Profit	157.22	157.87	142.27	44.87
Selling, General & Admin	149.39	104.35	89.7	78.56
Research & Development	67.73	62.09	54.52	83.43
Other Operating Expenses	-4.24	-1.85	8.54	1.99
Operating Expenses	212.88	164.58	152.76	163.97
Operating Income	-55.66	-6.71	-10.5	-119.1
Interest Expense	-3.62	-3.23	-2.25	-1.89
Interest & Investment Income	1.68	1.01	1.32	1.19
Currency Exchange Gain (Loss)	-0.07	0	0.15	-0.19
Other Non Operating Income (Expenses)	-609.37	-127.99	-157.82	-136.16
EBT Excluding Unusual Items	-667.05	-136.92	-169.09	-256.15
Gain (Loss) on Sale of Investments	0.66	-	-	-
Gain (Loss) on Sale of Assets	-0.22	0.36	-5.47	0.01
Pretax Income	-666.61	-136.56	-174.56	-256.14
Income Tax Expense	2.39	1.3	0.06	-
Earnings From Continuing Operations	-669	-137.85	-174.62	-256.14
Minority Interest in Earnings	-7.41	-5.42	-7.3	3.77
Net Income	-676.4	-143.27	-181.92	-252.37
Net Income to Common	-676.4	-143.27	-181.92	-252.37
Shares Outstanding (Basic)	107	102	91	82
Shares Outstanding (Diluted)	107	102	91	82
Shares Change (YoY)	4.70%	12.21%	11.44%	-
EPS (Basic)	-6.31	-1.40	-1.99	-3.08
EPS (Diluted)	-6.31	-1.40	-1.99	-3.08
Free Cash Flow	-65.06	16.98	-135.71	-165.78
Free Cash Flow Per Share	-0.61	0.17	-1.49	-2.02
Gross Margin	23.59%	27.33%	25.90%	20.96%
Operating Margin	-8.35%	-1.16%	-1.91%	-55.63%
Profit Margin	-101.47%	-24.80%	-33.11%	-117.88%
Free Cash Flow Margin	-9.76%	2.94%	-24.70%	-77.44%
EBITDA	-36.03	16.76	4.41	-110.18
EBITDA Margin	-5.41%	2.90%	0.80%	-51.46%
D&A For EBITDA	19.63	23.47	14.91	8.93
EBIT	-55.66	-6.71	-10.5	-119.1
EBIT Margin	-8.35%	-1.16%	-1.91%	-55.63%
Advertising Expenses	-	-	0.43	0.56