Shenzhen Xunce Technology 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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,285	631.98	530.46	287.9
Revenue Growth (YoY)	103.28%	19.14%	84.25%	-
Cost of Revenue	492.58	145.29	108.6	61.57
Gross Profit	792.08	486.69	421.86	226.33
Selling, General & Admin	197.64	132.22	118.51	92.07
Research & Development	616.33	450.44	379.14	258.78
Other Operating Expenses	-	2.07	2.68	1.72
Operating Expenses	975.16	602.35	515.24	352.83
Operating Income	-183.08	-115.66	-93.38	-126.5
Interest Expense	-2.17	-2.19	-1.36	-0.94
Interest & Investment Income	-	4.54	9.73	7.67
Earnings From Equity Investments	-0.44	-0.45	-0.7	-0.77
Currency Exchange Gain (Loss)	-	0.65	0.55	2.49
Other Non Operating Income (Expenses)	56.06	13.38	9.6	14.85
EBT Excluding Unusual Items	-129.64	-99.74	-75.56	-103.21
Gain (Loss) on Sale of Investments	-	2.03	12.2	6.7
Pretax Income	-129.64	-97.71	-63.36	-96.51
Income Tax Expense	0.01	0.14	0.04	-
Earnings From Continuing Operations	-129.65	-97.85	-63.39	-96.51
Minority Interest in Earnings	35.59	13.83	8.12	21.37
Net Income	-94.06	-84.01	-55.27	-75.14
Net Income to Common	-94.06	-84.01	-55.27	-75.14
Shares Outstanding (Basic)	303	300	290	270
Shares Outstanding (Diluted)	303	300	290	270
Shares Change (YoY)	1.14%	3.35%	7.51%	-
EPS (Basic)	-0.31	-0.28	-0.19	-0.28
EPS (Diluted)	-0.31	-0.28	-0.19	-0.28
Free Cash Flow	-	-189.77	-197.85	-187.11
Free Cash Flow Per Share	-	-0.63	-0.68	-0.69
Gross Margin	61.66%	77.01%	79.53%	78.61%
Operating Margin	-14.25%	-18.30%	-17.60%	-43.94%
Profit Margin	-7.32%	-13.29%	-10.42%	-26.10%
Free Cash Flow Margin	-	-30.03%	-37.30%	-64.99%
EBITDA	-178.02	-110.6	-91.58	-124.53
EBITDA Margin	-13.86%	-17.50%	-17.27%	-43.26%
D&A For EBITDA	5.06	5.06	1.8	1.97
EBIT	-183.08	-115.66	-93.38	-126.5
EBIT Margin	-14.25%	-18.30%	-17.60%	-43.94%

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