HKG:2697 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	12.18	1.79	2.3
Revenue Growth (YoY)	579.96%	-22.16%	-
Cost of Revenue	2.88	0.48	0.42
Gross Profit	9.29	1.31	1.89
Selling, General & Admin	86.29	74.95	57.83
Research & Development	56.87	50.85	40.75
Other Operating Expenses	0.12	0.03	-
Operating Expenses	143.29	125.83	98.58
Operating Income	-133.99	-124.52	-96.69
Interest Expense	-0.4	-0.59	-0.44
Interest & Investment Income	2.87	1.32	0.76
Earnings From Equity Investments	-0.16	-	-
Other Non Operating Income (Expenses)	41.57	31.61	0.48
EBT Excluding Unusual Items	-90.12	-92.18	-95.89
Asset Writedown	-	-	-0
Other Unusual Items	0	0.03	0.35
Pretax Income	-90.11	-92.15	-95.54
Income Tax Expense	0	0	-
Earnings From Continuing Operations	-90.11	-92.16	-95.54
Minority Interest in Earnings	-	-	0.61
Net Income	-90.11	-92.16	-94.93
Net Income to Common	-90.11	-92.16	-94.93
Shares Outstanding (Basic)	31	24	22
Shares Outstanding (Diluted)	31	24	22
Shares Change (YoY)	26.72%	11.61%	-
EPS (Basic)	-2.95	-3.82	-4.40
EPS (Diluted)	-2.95	-3.82	-4.40
Free Cash Flow	-94.94	-104.91	-97.24
Free Cash Flow Per Share	-3.11	-4.35	-4.50
Gross Margin	76.32%	73.14%	81.96%
Operating Margin	-1100.27%	-6952.26%	-4202.22%
Profit Margin	-739.97%	-5145.51%	-4125.51%
Free Cash Flow Margin	-779.60%	-5857.79%	-4225.99%
EBITDA	-127.76	-118.88	-92.96
D&A For EBITDA	6.23	5.64	3.73
EBIT	-133.99	-124.52	-96.69