HKG:3677 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	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,458	5,130	4,162	3,290	1,499
Revenue Growth (YoY)	96.26%	23.28%	26.48%	119.45%	-
Cost of Revenue	5,324	4,382	3,953	3,581	1,469
Gross Profit	1,134	748.44	208.49	-290.28	30.18
Selling, General & Admin	374.89	337.23	317.08	260.9	147.59
Research & Development	548.7	556.17	424.1	329.28	221.05
Operating Expenses	939.4	903.1	752.02	1,190	391.09
Operating Income	194.59	-154.65	-543.53	-1,481	-360.91
Interest Expense	-137.02	-132.59	-73.45	-32.89	-70.22
Interest & Investment Income	32.91	37.63	39.83	27.4	9.93
Earnings From Equity Investments	328.98	302.5	-25.09	0.92	-
Currency Exchange Gain (Loss)	-15.76	0.97	-	0.06	0
Other Non Operating Income (Expenses)	34.14	33.99	3.53	-16.01	9.4
EBT Excluding Unusual Items	437.84	87.84	-598.72	-1,501	-411.8
Gain (Loss) on Sale of Investments	-	-	-	6.4	-
Gain (Loss) on Sale of Assets	-8.8	-8.8	1.32	8.23	0.1
Asset Writedown	-	-	-6.98	-244.64	-
Pretax Income	429.05	79.04	-604.38	-1,731	-411.7
Income Tax Expense	-12.43	-11.97	-14.51	-11.07	-9.42
Net Income	441.47	91.01	-589.87	-1,720	-402.28
Net Income to Common	441.47	91.01	-589.87	-1,720	-402.28
Shares Outstanding (Basic)	2,405	2,313	1,913	1,702	1,552
Shares Outstanding (Diluted)	2,405	2,313	1,913	1,702	1,552
Shares Change (YoY)	41.29%	20.93%	12.38%	9.63%	-
EPS (Basic)	0.18	0.04	-0.31	-1.01	-0.26
EPS (Diluted)	0.18	0.04	-0.31	-1.01	-0.26
Free Cash Flow	-	-975.94	-507.4	-1,334	-1,062
Free Cash Flow Per Share	-	-0.42	-0.27	-0.78	-0.68
Gross Margin	17.56%	14.59%	5.01%	-8.82%	2.01%
Operating Margin	3.01%	-3.02%	-13.06%	-45.00%	-24.07%
Profit Margin	6.84%	1.77%	-14.17%	-52.28%	-26.83%
Free Cash Flow Margin	-	-19.02%	-12.19%	-40.55%	-70.80%
EBITDA	861.34	411.42	-178.82	-1,236	-199.52
EBITDA Margin	13.34%	8.02%	-4.30%	-37.56%	-13.31%
D&A For EBITDA	666.75	566.07	364.72	244.62	161.39
EBIT	194.59	-154.65	-543.53	-1,481	-360.91
EBIT Margin	3.01%	-3.01%	-13.06%	-45.00%	-24.07%
Advertising Expenses	-	4.25	22.07	2.75	0.72

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