HKG:2658 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	709.23	519.62	1,171	436.86
Revenue Growth (YoY)	36.49%	-55.63%	168.10%	-
Cost of Revenue	575.8	893.98	954.6	349.37
Gross Profit	133.42	-374.36	216.62	87.49
Selling, General & Admin	111.73	129.23	86.32	50.52
Research & Development	59.62	61.03	55.34	29.24
Other Operating Expenses	-36.27	-11.25	-27.72	-6.48
Operating Expenses	135.08	179.01	113.95	73.27
Operating Income	-1.66	-553.37	102.67	14.21
Interest Expense	-48.74	-34.55	-19.88	-7.52
Interest & Investment Income	0.94	1.08	3.38	1.41
Currency Exchange Gain (Loss)	-9.47	0.96	3.28	-3.22
EBT Excluding Unusual Items	-58.93	-585.88	89.45	4.89
Gain (Loss) on Sale of Assets	-0.01	0.09	-0	-1.14
Other Unusual Items	-15.12	-3.39	21.56	-
Pretax Income	-74.06	-589.19	111.01	3.75
Income Tax Expense	-11.85	-88.94	15.13	0.93
Earnings From Continuing Operations	-62.21	-500.25	95.88	2.81
Minority Interest in Earnings	6.6	7.8	5.55	4.14
Net Income	-55.61	-492.46	101.44	6.95
Net Income to Common	-55.61	-492.46	101.44	6.95
Net Income Growth	-	-	1359.30%	-
Shares Outstanding (Basic)	365	363	363	331
Shares Outstanding (Diluted)	365	363	363	331
Shares Change (YoY)	0.59%	-	9.57%	-
EPS (Basic)	-0.15	-1.36	0.28	0.02
EPS (Diluted)	-0.15	-1.36	0.28	0.02
EPS Growth	-	-	1231.89%	-
Free Cash Flow	-985.34	-902.56	-933.92	-699.89
Free Cash Flow Per Share	-2.70	-2.48	-2.57	-2.11
Gross Margin	18.81%	-72.05%	18.50%	20.03%
Operating Margin	-0.23%	-106.50%	8.77%	3.25%
Profit Margin	-7.84%	-94.77%	8.66%	1.59%
Free Cash Flow Margin	-138.93%	-173.69%	-79.74%	-160.21%
EBITDA	134.02	-432.95	191.81	48.55
EBITDA Margin	18.90%	-83.32%	16.38%	11.11%
D&A For EBITDA	135.68	120.42	89.14	34.33
EBIT	-1.66	-553.37	102.67	14.21
EBIT Margin	-0.23%	-106.49%	8.77%	3.25%
Effective Tax Rate	-	-	13.63%	24.88%

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