Shenzhen Xunce Technology 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	547.28	631.98	530.46	287.9
Revenue Growth (YoY)	90.09%	19.14%	84.25%	-
Cost of Revenue	157.12	145.29	108.6	61.57
Gross Profit	390.16	486.69	421.86	226.33
Selling, General & Admin	111.83	132.22	118.51	92.07
Research & Development	370.31	450.44	379.14	258.78
Other Operating Expenses	1.68	2.07	2.68	1.72
Operating Expenses	545.04	602.35	515.24	352.83
Operating Income	-154.88	-115.66	-93.38	-126.5
Interest Expense	-1.95	-2.19	-1.36	-0.94
Interest & Investment Income	2.48	4.54	9.73	7.67
Earnings From Equity Investments	-0.12	-0.45	-0.7	-0.77
Currency Exchange Gain (Loss)	-0.13	0.65	0.55	2.49
Other Non Operating Income (Expenses)	13.6	13.38	9.6	14.85
EBT Excluding Unusual Items	-140.99	-99.74	-75.56	-103.21
Gain (Loss) on Sale of Investments	31.44	2.03	12.2	6.7
Pretax Income	-108.08	-97.71	-63.36	-96.51
Income Tax Expense	-	0.14	0.04	-
Earnings From Continuing Operations	-108.08	-97.85	-63.39	-96.51
Minority Interest in Earnings	36.12	13.83	8.12	21.37
Net Income	-71.97	-84.01	-55.27	-75.14
Net Income to Common	-71.97	-84.01	-55.27	-75.14
Shares Outstanding (Basic)	300	300	290	270
Shares Outstanding (Diluted)	300	300	290	270
Shares Change (YoY)	11.11%	3.35%	7.51%	-
EPS (Basic)	-0.24	-0.28	-0.19	-0.28
EPS (Diluted)	-0.24	-0.28	-0.19	-0.28
Free Cash Flow	-195.69	-189.77	-197.85	-187.11
Free Cash Flow Per Share	-0.65	-0.63	-0.68	-0.69
Gross Margin	71.29%	77.01%	79.53%	78.61%
Operating Margin	-28.30%	-18.30%	-17.60%	-43.94%
Profit Margin	-13.15%	-13.29%	-10.42%	-26.10%
Free Cash Flow Margin	-35.76%	-30.03%	-37.30%	-64.99%
EBITDA	-147.17	-110.6	-91.58	-124.53
EBITDA Margin	-26.89%	-17.50%	-17.27%	-43.26%
D&A For EBITDA	7.71	5.06	1.8	1.97
EBIT	-154.88	-115.66	-93.38	-126.5
EBIT Margin	-28.30%	-18.30%	-17.60%	-43.94%

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