HKG:9863 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	64,732	32,164	16,747	12,385	3,132
Revenue Growth (YoY)	101.25%	92.06%	35.22%	295.41%	396.13%
Cost of Revenue	55,320	29,470	16,666	14,296	4,520
Gross Profit	9,412	2,694	80.47	-1,911	-1,388
Selling, General & Admin	5,595	3,275	2,653	1,956	826.17
Research & Development	4,292	2,896	1,920	1,411	740.02
Other Operating Expenses	-586.97	-171.67	-89.69	-81.24	-64.31
Operating Expenses	9,327	6,004	4,483	3,286	1,502
Operating Income	84.7	-3,310	-4,402	-5,198	-2,890
Interest Expense	-105.93	-39.53	-72.22	-37.01	-61.66
Interest & Investment Income	399.66	348.18	229.36	143.27	84.01
Earnings From Equity Investments	67.29	41.71	4.09	11.71	0.2
Currency Exchange Gain (Loss)	-49.34	-3.65	-18.2	-52.39	-0.09
Other Non Operating Income (Expenses)	0.27	-0.47	0.15	-0.66	0.04
EBT Excluding Unusual Items	396.65	-2,964	-4,259	-5,133	-2,867
Gain (Loss) on Sale of Investments	143.8	186.76	43.69	21.69	22.24
Gain (Loss) on Sale of Assets	-2.06	-43.82	-0.6	2.1	-0.67
Pretax Income	538.39	-2,821	-4,216	-5,109	-2,846
Income Tax Expense	-	0.08	0.08	0.05	-
Net Income	538.39	-2,821	-4,216	-5,109	-2,846
Net Income to Common	538.39	-2,821	-4,216	-5,109	-2,846
Shares Outstanding (Basic)	1,390	1,337	1,165	1,045	940
Shares Outstanding (Diluted)	1,400	1,337	1,165	1,045	940
Shares Change (YoY)	4.72%	14.81%	11.42%	11.18%	155.69%
EPS (Basic)	0.39	-2.11	-3.62	-4.89	-3.03
EPS (Diluted)	0.38	-2.11	-3.62	-4.89	-3.03
Free Cash Flow	7,877	6,371	-224.82	-3,770	-1,710
Free Cash Flow Per Share	5.63	4.76	-0.19	-3.61	-1.82
Gross Margin	14.54%	8.38%	0.48%	-15.43%	-44.30%
Operating Margin	0.13%	-10.29%	-26.29%	-41.97%	-92.27%
Profit Margin	0.83%	-8.77%	-25.18%	-41.25%	-90.86%
Free Cash Flow Margin	12.17%	19.81%	-1.34%	-30.45%	-54.59%
EBITDA	1,019	-2,789	-3,967	-4,934	-2,710
EBITDA Margin	1.57%	-8.67%	-23.69%	-39.84%	-86.51%
D&A For EBITDA	933.83	521.04	435.69	263.3	180.18
EBIT	84.7	-3,310	-4,402	-5,198	-2,890
EBIT Margin	0.13%	-10.29%	-26.29%	-41.97%	-92.27%
Advertising Expenses	2,378	1,288	1,018	638.61	256.27

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