HKG:2672 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	1,227	914.18	659.9
Revenue Growth (YoY)	34.23%	38.53%	-
Cost of Revenue	1,124	830.96	607.85
Gross Profit	102.8	83.22	52.05
Selling, General & Admin	107.93	74.2	59.5
Research & Development	35.1	32.43	15.66
Other Operating Expenses	-4.48	-2.46	-8.23
Operating Expenses	140.55	103.78	68.68
Operating Income	-37.75	-20.56	-16.63
Interest Expense	-11.52	-8.46	-6.9
Interest & Investment Income	2.21	1.51	1.1
EBT Excluding Unusual Items	-47.07	-27.51	-22.43
Other Unusual Items	0.33	0.13	5.13
Pretax Income	-46.74	-27.38	-17.3
Income Tax Expense	-0.07	0.34	-0.12
Net Income	-46.67	-27.71	-17.18
Net Income to Common	-46.67	-27.71	-17.18
Shares Outstanding (Basic)	72	71	69
Shares Outstanding (Diluted)	72	71	69
Shares Change (YoY)	1.53%	2.15%	-
EPS (Basic)	-0.65	-0.39	-0.25
EPS (Diluted)	-0.65	-0.39	-0.25
Free Cash Flow	18.82	-8.15	4.45
Free Cash Flow Per Share	0.26	-0.12	0.06
Gross Margin	8.38%	9.10%	7.89%
Operating Margin	-3.08%	-2.25%	-2.52%
Profit Margin	-3.80%	-3.03%	-2.60%
Free Cash Flow Margin	1.53%	-0.89%	0.68%
EBITDA	-36.74	-19.91	-16.1
EBITDA Margin	-2.99%	-2.18%	-2.44%
D&A For EBITDA	1.01	0.65	0.53
EBIT	-37.75	-20.56	-16.63
EBIT Margin	-3.08%	-2.25%	-2.52%