Phancy Group 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	7,135	5,261	4,204	3,083	2,018
Revenue Growth (YoY)	35.63%	25.13%	36.38%	52.73%	114.21%
Cost of Revenue	4,652	3,016	2,225	1,596	1,065
Gross Profit	2,483	2,245	1,980	1,487	953.48
Selling, General & Admin	359.56	462.01	765.33	939.79	996.73
Research & Development	2,337	2,170	1,769	1,650	1,249
Other Operating Expenses	-97.45	-186.54	-96.9	-62.25	-42.64
Operating Expenses	2,617	2,645	2,517	2,576	2,219
Operating Income	-133.47	-400.37	-537.42	-1,090	-1,265
Interest Expense	-1.03	-3.07	-430.83	-673.74	-641.35
Interest & Investment Income	77.32	49.28	54.22	46.18	24.42
Earnings From Equity Investments	17.41	19.27	-1.6	-3.2	3.8
Currency Exchange Gain (Loss)	-	6.87	-7.76	7.4	-0.61
Other Non Operating Income (Expenses)	-	2.35	-0.6	-0.23	-0.31
EBT Excluding Unusual Items	-39.77	-325.67	-923.98	-1,713	-1,879
Gain (Loss) on Sale of Investments	-	38.41	-0.26	56.51	93.11
Other Unusual Items	-	-2.83	-6.59	-8.2	-5.45
Pretax Income	-39.77	-290.09	-930.83	-1,665	-1,792
Income Tax Expense	-1.99	6.18	-10.26	-11.67	10.37
Earnings From Continuing Operations	-37.78	-296.27	-920.57	-1,653	-1,802
Minority Interest in Earnings	11.51	27.48	11.85	8.52	16.41
Net Income	-26.27	-268.79	-908.72	-1,645	-1,786
Net Income to Common	-26.27	-268.79	-908.72	-1,645	-1,786
Shares Outstanding (Basic)	500	466	325	267	234
Shares Outstanding (Diluted)	500	466	325	267	234
Shares Change (YoY)	7.38%	43.36%	21.44%	14.29%	24.87%
EPS (Basic)	-0.05	-0.58	-2.80	-6.15	-7.63
EPS (Diluted)	-0.05	-0.58	-2.80	-6.15	-7.63
Free Cash Flow	-	-650.31	-1,037	-795.11	-791.16
Free Cash Flow Per Share	-	-1.40	-3.19	-2.97	-3.38
Gross Margin	34.80%	42.67%	47.09%	48.23%	47.24%
Operating Margin	-1.87%	-7.61%	-12.78%	-35.35%	-62.69%
Profit Margin	-0.37%	-5.11%	-21.62%	-53.36%	-88.47%
Free Cash Flow Margin	-	-12.36%	-24.68%	-25.79%	-39.20%
EBITDA	-101.37	-368.27	-500.53	-1,056	-1,239
EBITDA Margin	-1.42%	-7.00%	-11.91%	-34.27%	-61.38%
D&A For EBITDA	32.1	32.1	36.89	33.54	26.49
EBIT	-133.47	-400.37	-537.42	-1,090	-1,265
EBIT Margin	-1.87%	-7.61%	-12.78%	-35.35%	-62.69%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.