HKG:2889 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	2,783	2,557	1,496	1,218
Revenue Growth (YoY)	128.50%	70.94%	22.83%	-
Cost of Revenue	2,438	2,256	1,265	1,047
Gross Profit	344.2	301	231.09	171.12
Selling, General & Admin	510.4	519.27	376.64	360.11
Research & Development	223.7	207.28	235.44	277.42
Operating Expenses	868.17	875.78	626.47	642.56
Operating Income	-523.96	-574.78	-395.38	-471.44
Interest Expense	-51.69	-44.07	-27.79	-27.11
Interest & Investment Income	2.15	1.96	1.76	4.6
Earnings From Equity Investments	-6.91	-0.74	-	-
Currency Exchange Gain (Loss)	-9.65	-12	-3.5	-0.64
Other Non Operating Income (Expenses)	49.67	26.53	29.61	42.03
EBT Excluding Unusual Items	-540.4	-603.12	-395.31	-452.57
Gain (Loss) on Sale of Investments	5.86	65.65	111.76	0.42
Gain (Loss) on Sale of Assets	-10.25	-3.32	-0.15	-
Pretax Income	-544.79	-540.79	-283.69	-452.15
Income Tax Expense	0.03	0.03	0.07	0
Earnings From Continuing Operations	-544.82	-540.82	-283.76	-452.15
Minority Interest in Earnings	-0.14	-0.42	-0.13	0.06
Net Income	-544.96	-541.24	-283.89	-452.1
Net Income to Common	-544.96	-541.24	-283.89	-452.1
Shares Outstanding (Basic)	139	132	118	106
Shares Outstanding (Diluted)	139	132	118	106
Shares Change (YoY)	31.55%	11.74%	11.75%	-
EPS (Basic)	-3.92	-4.11	-2.41	-4.28
EPS (Diluted)	-3.92	-4.11	-2.41	-4.28
Free Cash Flow	-302.71	-867.72	-420.94	-620.89
Free Cash Flow Per Share	-2.18	-6.58	-3.57	-5.88
Gross Margin	12.37%	11.77%	15.45%	14.05%
Operating Margin	-18.83%	-22.48%	-26.43%	-38.71%
Profit Margin	-19.59%	-21.17%	-18.98%	-37.13%
Free Cash Flow Margin	-10.88%	-33.93%	-28.14%	-50.99%
EBITDA	-480.61	-539.37	-370.36	-450.92
EBITDA Margin	-17.27%	-21.09%	-24.76%	-37.03%
D&A For EBITDA	43.35	35.41	25.03	20.52
EBIT	-523.96	-574.78	-395.38	-471.44
EBIT Margin	-18.83%	-22.48%	-26.43%	-38.71%

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