HKG:6651 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	307.97	287.36	256.3	169.98
Revenue Growth (YoY)	81.18%	12.12%	50.79%	-
Cost of Revenue	155.55	140.48	117.28	59.57
Gross Profit	152.41	146.88	139.02	110.41
Selling, General & Admin	163.05	134.05	102.3	113.66
Research & Development	59.65	58.11	102.29	132.82
Other Operating Expenses	-3.31	-3.7	-5.81	-4.01
Operating Expenses	246.59	210.61	208.68	246.66
Operating Income	-94.18	-63.73	-69.66	-136.25
Interest Expense	-5.6	-5.6	-6.31	-3.95
Interest & Investment Income	7.95	6.69	5.37	6.38
Earnings From Equity Investments	-0.68	-0.88	-1.26	-0.27
Other Non Operating Income (Expenses)	-	-	-15.68	-57.4
EBT Excluding Unusual Items	-92.5	-63.52	-87.53	-191.49
Gain (Loss) on Sale of Assets	-0.03	-0.04	0.5	1.7
Other Unusual Items	-13.95	-13.95	-	-
Pretax Income	-106.48	-77.5	-87.03	-189.79
Income Tax Expense	1.47	1.47	0.05	-
Earnings From Continuing Operations	-107.95	-78.97	-87.08	-189.79
Minority Interest in Earnings	1.21	-0.16	1.48	-0.06
Net Income	-106.75	-79.13	-85.6	-189.84
Preferred Dividends & Other Adjustments	-	-	-25.42	-110.64
Net Income to Common	-106.75	-79.13	-60.18	-79.2
Shares Outstanding (Basic)	382	374	319	152
Shares Outstanding (Diluted)	382	374	319	152
Shares Change (YoY)	151.16%	17.20%	109.48%	-
EPS (Basic)	-0.28	-0.21	-0.19	-0.52
EPS (Diluted)	-0.28	-0.21	-0.19	-0.52
Free Cash Flow	-144.74	-152.84	-136.28	-106.91
Free Cash Flow Per Share	-0.38	-0.41	-0.43	-0.70
Gross Margin	49.49%	51.12%	54.24%	64.95%
Operating Margin	-30.58%	-22.18%	-27.18%	-80.16%
Profit Margin	-34.66%	-27.54%	-23.48%	-46.60%
Free Cash Flow Margin	-47.00%	-53.19%	-53.17%	-62.89%
EBITDA	-91.85	-60.13	-65.82	-132.49
EBITDA Margin	-29.82%	-20.93%	-25.68%	-77.95%
D&A For EBITDA	2.33	3.59	3.84	3.76
EBIT	-94.18	-63.73	-69.66	-136.25
EBIT Margin	-30.58%	-22.18%	-27.18%	-80.16%
Advertising Expenses	-	10.6	4.89	3.2

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