HKG:3677 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,101	5,130	4,162	3,290	1,499
Revenue Growth (YoY)	57.90%	23.28%	26.48%	119.45%	-
Cost of Revenue	6,610	4,382	3,953	3,581	1,469
Gross Profit	1,491	748.44	208.49	-290.28	30.18
Selling, General & Admin	384.47	337.23	317.08	260.9	147.59
Research & Development	520.26	556.17	424.1	329.28	221.05
Operating Expenses	903.81	903.1	752.02	1,190	391.09
Operating Income	587.6	-154.65	-543.53	-1,481	-360.91
Interest Expense	-127.95	-132.59	-73.45	-32.89	-70.22
Interest & Investment Income	31.31	37.63	39.83	27.4	9.93
Earnings From Equity Investments	359.89	302.5	-25.09	0.92	-
Currency Exchange Gain (Loss)	-21.27	0.97	-	0.06	0
Other Non Operating Income (Expenses)	15.32	33.99	3.53	-16.01	9.4
EBT Excluding Unusual Items	844.9	87.84	-598.72	-1,501	-411.8
Gain (Loss) on Sale of Investments	-	-	-	6.4	-
Gain (Loss) on Sale of Assets	-	-8.8	1.32	8.23	0.1
Asset Writedown	-235.78	-	-6.98	-244.64	-
Pretax Income	609.13	79.04	-604.38	-1,731	-411.7
Income Tax Expense	-199.43	-11.97	-14.51	-11.07	-9.42
Net Income	808.55	91.01	-589.87	-1,720	-402.28
Net Income to Common	808.55	91.01	-589.87	-1,720	-402.28
Net Income Growth	788.38%	-	-	-	-
Shares Outstanding (Basic)	2,482	2,313	1,913	1,702	1,552
Shares Outstanding (Diluted)	2,482	2,313	1,913	1,702	1,552
Shares Change (YoY)	7.32%	20.93%	12.38%	9.63%	-
EPS (Basic)	0.33	0.04	-0.31	-1.01	-0.26
EPS (Diluted)	0.33	0.04	-0.31	-1.01	-0.26
EPS Growth	727.76%	-	-	-	-
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	18.41%	14.59%	5.01%	-8.82%	2.01%
Operating Margin	7.25%	-3.02%	-13.06%	-45.00%	-24.07%
Profit Margin	9.98%	1.77%	-14.17%	-52.28%	-26.83%
Free Cash Flow Margin	-	-19.02%	-12.19%	-40.55%	-70.80%
EBITDA	1,154	411.42	-178.82	-1,236	-199.52
EBITDA Margin	14.24%	8.02%	-4.30%	-37.56%	-13.31%
D&A For EBITDA	566.07	566.07	364.72	244.62	161.39
EBIT	587.6	-154.65	-543.53	-1,481	-360.91
EBIT Margin	7.25%	-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.