JWCTF 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	FY 2020
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	Dec '20 Dec 31, 2020
Operating Revenue	177.75	158.22	173.86	145.7	30.8	-
Revenue	177.75	158.22	173.86	145.7	30.8	-
Revenue Growth (YoY)	2.79%	-9.00%	19.32%	373.11%	-	-
Cost of Revenue	79.06	80.9	85.64	86.95	21.75	-
Gross Profit	98.69	77.32	88.22	58.76	9.05	-
Selling, General & Admin	215.76	260.48	253.24	370.64	372.25	244.56
Research & Development	224.02	282.99	413.62	407.82	414.4	225.22
Other Operating Expenses	-8.54	-7.12	-8.5	-22.53	-5.89	-1.92
Operating Expenses	431.25	536.35	658.37	755.93	780.76	467.86
Operating Income	-332.56	-459.03	-570.15	-697.18	-771.72	-467.86
Interest Expense	-12.41	-12.22	-12.42	-6.79	-2.69	-0.77
Interest & Investment Income	27.56	28.43	34.03	16.54	8.3	3.44
Currency Exchange Gain (Loss)	-15.4	-15.6	-37.32	-158.54	14.84	28.9
Other Non Operating Income (Expenses)	-	-	-	-	51.15	-34.84
EBT Excluding Unusual Items	-332.81	-458.42	-585.86	-845.97	-700.12	-471.13
Gain (Loss) on Sale of Assets	-	-	-0.93	-0.17	-0.12	-
Asset Writedown	-284.86	-132.26	-181.21	-	-	-
Other Unusual Items	0.05	0.05	-	-	-2.09	-1,193
Pretax Income	-617.62	-590.62	-768	-846.14	-702.33	-1,664
Net Income	-617.62	-590.62	-768	-846.14	-702.33	-1,664
Net Income to Common	-617.62	-590.62	-768	-846.14	-702.33	-1,664
Shares Outstanding (Basic)	415	414	412	410	400	132
Shares Outstanding (Diluted)	415	414	412	410	400	132
Shares Change (YoY)	0.58%	0.51%	0.35%	2.59%	203.07%	102.92%
EPS (Basic)	-1.49	-1.43	-1.87	-2.06	-1.76	-12.61
EPS (Diluted)	-1.49	-1.43	-1.87	-2.06	-1.76	-12.61
Free Cash Flow	-202.73	-338.67	-410.83	-613.6	-634.29	-385.24
Free Cash Flow Per Share	-0.49	-0.82	-1.00	-1.50	-1.59	-2.92
Gross Margin	55.52%	48.87%	50.74%	40.33%	29.37%	-
Operating Margin	-187.09%	-290.13%	-327.94%	-478.49%	-2505.82%	-
Profit Margin	-347.47%	-373.30%	-441.74%	-580.73%	-2280.51%	-
Free Cash Flow Margin	-114.05%	-214.05%	-236.30%	-421.13%	-2059.57%	-
EBITDA	-268.79	-391.09	-492.69	-629.53	-738.7	-454.04
EBITDA Margin	-151.22%	-247.18%	-283.39%	-	-	-
D&A For EBITDA	63.77	67.95	77.46	67.65	33.01	13.82
EBIT	-332.56	-459.03	-570.15	-697.18	-771.72	-467.86
EBIT Margin	-187.09%	-290.13%	-	-	-	-
Advertising Expenses	-	97.18	48.39	77.39	70.12	5.66

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.