HKG:6990 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	2,058	1,933	1,540	803.93	32.32
Revenue Growth (YoY)	6.46%	25.48%	91.62%	2387.26%	-
Cost of Revenue	579.14	659.39	781.31	277.14	23.07
Gross Profit	1,479	1,274	759.19	526.8	9.25
Selling, General & Admin	653.97	346.03	201.41	93.03	90.98
Research & Development	1,320	1,206	1,031	845.98	727.67
Other Operating Expenses	-75.29	0.72	-19.49	-18.27	-14.16
Operating Expenses	1,898	1,553	1,213	920.75	804.49
Operating Income	-419.57	-279.22	-453.7	-393.95	-795.24
Interest Expense	-6.16	-3.8	-84.31	-148.81	-112.59
Interest & Investment Income	63.54	34.18	45.19	1.42	0.81
Currency Exchange Gain (Loss)	-46.27	17.79	16.09	-31.94	16.88
EBT Excluding Unusual Items	-408.46	-231.05	-476.74	-573.3	-890.15
Gain (Loss) on Sale of Investments	24.13	21.55	10.53	0.51	0.36
Gain (Loss) on Sale of Assets	-0.12	-0.15	-1.49	5.42	-0.01
Other Unusual Items	28.67	67.1	-	-	-
Pretax Income	-355.78	-142.55	-467.69	-567.36	-889.8
Income Tax Expense	26.19	124.22	106.44	48.74	-
Net Income	-381.97	-266.77	-574.13	-616.1	-889.8
Preferred Dividends & Other Adjustments	-	-	-51.93	-68	-67.25
Net Income to Common	-381.97	-266.77	-522.21	-548.1	-822.55
Shares Outstanding (Basic)	231	222	184	96	92
Shares Outstanding (Diluted)	231	222	184	96	92
Shares Change (YoY)	4.01%	20.70%	92.24%	3.31%	-
EPS (Basic)	-1.66	-1.20	-2.84	-5.74	-8.90
EPS (Diluted)	-1.66	-1.20	-2.84	-5.74	-8.90
Free Cash Flow	-305.99	-507.23	-21.42	-304.51	-580.03
Free Cash Flow Per Share	-1.33	-2.29	-0.12	-3.19	-6.27
Gross Margin	71.86%	65.89%	49.28%	65.53%	28.62%
Operating Margin	-20.39%	-14.45%	-29.45%	-49.00%	-2460.37%
Profit Margin	-18.56%	-13.80%	-33.90%	-68.18%	-2544.86%
Free Cash Flow Margin	-14.87%	-26.24%	-1.39%	-37.88%	-1794.52%
EBITDA	-364.78	-230.93	-419.78	-367.99	-775.61
EBITDA Margin	-17.73%	-11.95%	-27.25%	-45.77%	-
D&A For EBITDA	54.79	48.29	33.92	25.97	19.63
EBIT	-419.57	-279.22	-453.7	-393.95	-795.24
EBIT Margin	-20.39%	-14.44%	-29.45%	-49.00%	-

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