CaoCao 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	17,953	14,657	10,668	7,631
Revenue Growth (YoY)	135.27%	37.40%	39.80%	-
Cost of Revenue	16,400	13,472	10,052	7,970
Gross Profit	1,554	1,186	615.4	-338.99
Selling, General & Admin	2,376	1,984	2,040	1,383
Research & Development	225.72	234.46	339.47	225.22
Other Operating Expenses	-211.35	-177.59	-130.44	-29.76
Operating Expenses	2,399	2,049	2,252	1,581
Operating Income	-845.52	-863.51	-1,636	-1,920
Interest Expense	-308.76	-327.97	-312.64	-259.33
Interest & Investment Income	6.64	10.82	17.1	9.19
Other Non Operating Income (Expenses)	115.56	-87.84	-69.82	-14.9
EBT Excluding Unusual Items	-1,032	-1,268	-2,002	-2,185
Gain (Loss) on Sale of Investments	-	0.9	-	25.6
Gain (Loss) on Sale of Assets	53.8	58.1	65.59	28.66
Other Unusual Items	3.15	3.15	-4.06	0.4
Pretax Income	-975.13	-1,206	-1,940	-2,130
Income Tax Expense	-38.63	40.05	41.06	-123.2
Earnings From Continuing Operations	-936.5	-1,246	-1,981	-2,007
Minority Interest in Earnings	-42.47	-4.38	64.58	35.04
Net Income	-978.98	-1,251	-1,916	-1,972
Net Income to Common	-978.98	-1,251	-1,916	-1,972
Shares Outstanding (Basic)	453	452	452	452
Shares Outstanding (Diluted)	453	452	452	452
EPS (Basic)	-2.16	-2.77	-4.24	-4.36
EPS (Diluted)	-2.46	-2.77	-4.24	-4.36
Free Cash Flow	61.78	-56.92	-1,769	-1,869
Free Cash Flow Per Share	0.14	-0.13	-3.91	-4.13
Gross Margin	8.65%	8.09%	5.77%	-4.44%
Operating Margin	-4.71%	-5.89%	-15.34%	-25.16%
Profit Margin	-5.45%	-8.53%	-17.96%	-25.84%
Free Cash Flow Margin	0.34%	-0.39%	-16.58%	-24.49%
EBITDA	-187.35	-177.94	-971.85	-1,262
EBITDA Margin	-1.04%	-1.21%	-9.11%	-16.54%
D&A For EBITDA	658.17	685.56	664.32	657.58
EBIT	-845.52	-863.51	-1,636	-1,920
EBIT Margin	-4.71%	-5.89%	-15.34%	-25.16%

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