Zhejiang Laifual Drive 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	260.87	107.71	94.55
Revenue Growth (YoY)	142.19%	13.93%	-
Cost of Revenue	194	81.79	66.69
Gross Profit	66.86	25.93	27.86
Selling, General & Admin	39.14	22.49	24.5
Research & Development	49.23	33.27	31.69
Other Operating Expenses	-8.24	-7.31	-4.26
Operating Expenses	87.93	49.72	53.24
Operating Income	-21.07	-23.79	-25.38
Interest Expense	-2.05	-0.79	-0.86
Interest & Investment Income	1.46	3.25	3.98
Currency Exchange Gain (Loss)	0.21	-0.2	-0.24
Other Non Operating Income (Expenses)	-145.43	-145.46	-145.67
EBT Excluding Unusual Items	-166.89	-167	-168.17
Gain (Loss) on Sale of Investments	0.5	-	2.16
Gain (Loss) on Sale of Assets	-4.22	-1.78	-2.78
Pretax Income	-170.61	-168.78	-168.79
Net Income	-170.61	-168.78	-168.79
Preferred Dividends & Other Adjustments	-117.01	-116.26	-116.27
Net Income to Common	-53.6	-52.51	-52.51
Shares Outstanding (Basic)	27	27	27
Shares Outstanding (Diluted)	27	27	27
Shares Change (YoY)	0.51%	-	-
EPS (Basic)	-1.95	-1.92	-1.92
EPS (Diluted)	-1.95	-1.92	-1.92
Free Cash Flow	-181.14	-81.87	-97.3
Free Cash Flow Per Share	-6.59	-2.99	-3.56
Gross Margin	25.63%	24.07%	29.46%
Operating Margin	-8.08%	-22.09%	-26.85%
Profit Margin	-20.55%	-48.75%	-55.54%
Free Cash Flow Margin	-69.44%	-76.00%	-102.92%
EBITDA	-1.89	-6.98	-10.49
EBITDA Margin	-0.73%	-6.48%	-11.10%
D&A For EBITDA	19.18	16.81	14.89
EBIT	-21.07	-23.79	-25.38
EBIT Margin	-8.08%	-22.09%	-26.85%