HKG:2697 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	17.68	12.18	1.79	2.3
Revenue Growth	848.28%	579.96%	-22.16%	-
Cost of Revenue	4.14	2.88	0.48	0.42
Gross Profit	13.54	9.29	1.31	1.89
Selling, General & Admin	101.2	86.29	74.95	57.83
Research & Development	60.43	56.87	50.85	40.75
Other Operating Expenses	0.23	0.12	0.03	-
Operating Expenses	161.86	143.29	125.83	98.58
Operating Income	-148.32	-133.99	-124.52	-96.69
Interest Expense	-0.52	-0.4	-0.59	-0.44
Interest & Investment Income	2.49	2.87	1.32	0.76
Earnings From Equity Investments	-0.23	-0.16	-	-
Other Non Operating Income (Expenses)	52.73	41.57	31.61	0.48
EBT Excluding Unusual Items	-93.84	-90.12	-92.18	-95.89
Asset Writedown	-	-	-	-0
Other Unusual Items	-0.01	0	0.03	0.35
Pretax Income	-93.8	-90.11	-92.15	-95.54
Income Tax Expense	0	0	0	-
Earnings From Continuing Operations	-93.8	-90.11	-92.16	-95.54
Minority Interest in Earnings	-	-	-	0.61
Net Income	-93.8	-90.11	-92.16	-94.93
Net Income to Common	-93.8	-90.11	-92.16	-94.93
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	32	31	24	22
Shares Outstanding (Diluted)	32	31	24	22
Shares Change	19.84%	26.72%	11.61%	-
EPS (Basic)	-2.92	-2.95	-3.82	-4.40
EPS (Diluted)	-2.92	-2.95	-3.82	-4.40
EPS Growth	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-90.73	-94.94	-104.91	-97.24
Free Cash Flow Per Share	-2.83	-3.11	-4.35	-4.50
Gross Margin	76.61%	76.32%	73.14%	81.96%
Operating Margin	-839.11%	-1100.27%	-6952.26%	-4202.22%
Profit Margin	-530.68%	-739.97%	-5145.51%	-4125.51%
Free Cash Flow Margin	-513.30%	-779.60%	-5857.79%	-4225.99%
EBITDA	-142.32	-127.76	-118.88	-92.96
D&A For EBITDA	6	6.23	5.64	3.73
EBIT	-148.32	-133.99	-124.52	-96.69