Chenqi Technology 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	5,286	2,463	2,161	1,368	1,014
Revenue Growth (YoY)	114.60%	13.99%	57.93%	35.01%	-
Cost of Revenue	4,658	2,337	2,312	1,514	1,259
Gross Profit	627.99	126.79	-150.45	-145.91	-245.12
Selling, General & Admin	821.93	494.12	373.87	337.36	361.77
Research & Development	118.94	141.36	118.94	105.4	116.62
Other Operating Expenses	-0.66	-8	-40.45	-18.43	-33.47
Operating Expenses	941.42	637.95	454.57	428.23	445.79
Operating Income	-313.43	-511.15	-605.01	-574.14	-690.91
Interest Expense	-0.91	-1.77	-2.62	-2.64	-1.15
Interest & Investment Income	21.61	23.88	14.57	12.5	10.76
Currency Exchange Gain (Loss)	0.02	3.82	-3.41	-	-
EBT Excluding Unusual Items	-292.7	-485.22	-596.47	-564.28	-681.3
Gain (Loss) on Sale of Assets	-	-	-	-	-3.32
Other Unusual Items	-	-78.96	-96.33	-62.5	-
Pretax Income	-292.7	-564.18	-692.79	-626.78	-684.63
Income Tax Expense	0.33	-	-	-	-
Net Income	-293.04	-564.18	-692.79	-626.78	-684.63
Preferred Dividends & Other Adjustments	-	-1.2	-0.3	-	-
Net Income to Common	-293.04	-562.99	-692.49	-626.78	-684.63
Shares Outstanding (Basic)	197	141	90	90	90
Shares Outstanding (Diluted)	197	141	90	90	90
Shares Change (YoY)	39.53%	56.59%	-	-	-
EPS (Basic)	-1.49	-3.99	-7.69	-6.96	-7.61
EPS (Diluted)	-1.49	-3.99	-7.69	-6.96	-7.61
Free Cash Flow	-239.34	-536.03	-603.43	-704.08	-460.41
Free Cash Flow Per Share	-1.22	-3.80	-6.71	-7.82	-5.12
Gross Margin	11.88%	5.15%	-6.96%	-10.66%	-24.18%
Operating Margin	-5.93%	-20.75%	-28.00%	-41.96%	-68.17%
Profit Margin	-5.54%	-22.85%	-32.04%	-45.80%	-67.55%
Free Cash Flow Margin	-4.53%	-21.76%	-27.92%	-51.45%	-45.43%
EBITDA	-285.47	-490.25	-586.35	-562.72	-684.28
EBITDA Margin	-5.40%	-19.90%	-27.13%	-41.12%	-67.52%
D&A For EBITDA	27.96	20.91	18.67	11.42	6.63
EBIT	-313.43	-511.15	-605.01	-574.14	-690.91
EBIT Margin	-5.93%	-20.75%	-28.00%	-41.96%	-68.17%

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