HKG:2659 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	49.16	6.16	6.93
Revenue Growth (YoY)	697.99%	-11.11%	-
Cost of Revenue	5.41	1.14	0.15
Gross Profit	43.75	5.02	6.78
Selling, General & Admin	108.13	115.54	47.58
Research & Development	248.24	250.73	132.55
Other Operating Expenses	-3.59	-1.77	-6.68
Operating Expenses	352.79	364.51	173.45
Operating Income	-309.04	-359.49	-166.66
Interest Expense	-5.97	-4.56	-3.66
Interest & Investment Income	6.14	4.65	7.9
Earnings From Equity Investments	-0.24	-0.61	-0.92
Currency Exchange Gain (Loss)	-7.47	1.19	2.97
Other Non Operating Income (Expenses)	-25.19	-5.57	-
EBT Excluding Unusual Items	-341.77	-364.38	-160.37
Gain (Loss) on Sale of Investments	3.22	-	-
Gain (Loss) on Sale of Assets	0.01	-0.08	-0.03
Legal Settlements	-56.76	-	-
Pretax Income	-395.3	-364.46	-160.4
Income Tax Expense	-	-0.02	-0
Net Income	-395.3	-364.43	-160.4
Net Income to Common	-395.3	-364.43	-160.4
Shares Outstanding (Basic)	290	268	253
Shares Outstanding (Diluted)	290	268	253
Shares Change (YoY)	8.43%	5.82%	-
EPS (Basic)	-1.36	-1.36	-0.63
EPS (Diluted)	-1.36	-1.36	-0.63
Free Cash Flow	-333.41	-338.06	-276.58
Free Cash Flow Per Share	-1.15	-1.26	-1.09
Gross Margin	89.00%	81.49%	97.85%
Operating Margin	-628.68%	-5835.80%	-2404.96%
Profit Margin	-804.18%	-5916.12%	-2314.50%
Free Cash Flow Margin	-678.27%	-5487.91%	-3991.02%
EBITDA	-273.91	-329.76	-146.12
D&A For EBITDA	35.12	29.73	20.55
EBIT	-309.04	-359.49	-166.66

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