Chenqi Technology 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	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,103	2,463	2,161	1,368	1,014
Revenue Growth (YoY)	35.76%	13.99%	57.93%	35.01%	-
Cost of Revenue	3,068	2,499	2,312	1,514	1,259
Gross Profit	34.48	-35.4	-150.45	-145.91	-245.12
Selling, General & Admin	296.49	331.92	373.87	337.36	361.77
Research & Development	132.02	141.36	118.94	105.4	116.62
Other Operating Expenses	-11.84	-8	-40.45	-18.43	-33.47
Operating Expenses	423.38	475.75	454.57	428.23	445.79
Operating Income	-388.9	-511.15	-605.01	-574.14	-690.91
Interest Expense	-1.38	-1.77	-2.62	-2.64	-1.15
Interest & Investment Income	33.1	23.88	14.57	12.5	10.76
Currency Exchange Gain (Loss)	3.82	3.82	-3.41	-	-
EBT Excluding Unusual Items	-353.35	-485.22	-596.47	-564.28	-681.3
Gain (Loss) on Sale of Assets	-	-	-	-	-3.32
Other Unusual Items	-4.12	-78.96	-96.33	-62.5	-
Pretax Income	-357.47	-564.18	-692.79	-626.78	-684.63
Net Income	-357.47	-564.18	-692.79	-626.78	-684.63
Preferred Dividends & Other Adjustments	-0.06	-1.2	-0.3	-	-
Net Income to Common	-357.4	-562.99	-692.49	-626.78	-684.63
Shares Outstanding (Basic)	194	141	90	90	90
Shares Outstanding (Diluted)	194	141	90	90	90
Shares Change (YoY)	115.79%	56.59%	-	-	-
EPS (Basic)	-1.84	-3.99	-7.69	-6.96	-7.61
EPS (Diluted)	-1.84	-3.99	-7.69	-6.96	-7.61
Free Cash Flow	-458.86	-536.03	-603.43	-704.08	-460.41
Free Cash Flow Per Share	-2.36	-3.80	-6.71	-7.82	-5.12
Gross Margin	1.11%	-1.44%	-6.96%	-10.66%	-24.18%
Operating Margin	-12.53%	-20.75%	-28.00%	-41.96%	-68.17%
Profit Margin	-11.52%	-22.85%	-32.04%	-45.80%	-67.55%
Free Cash Flow Margin	-14.79%	-21.76%	-27.92%	-51.45%	-45.43%
EBITDA	-370.46	-490.25	-586.35	-562.72	-684.28
EBITDA Margin	-11.94%	-19.90%	-27.13%	-41.12%	-67.52%
D&A For EBITDA	18.43	20.91	18.67	11.42	6.63
EBIT	-388.9	-511.15	-605.01	-574.14	-690.91
EBIT Margin	-12.53%	-20.75%	-28.00%	-41.96%	-68.17%

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