XtalPi Holdings 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	680.88	266.43	174.42	133.35	62.8
Revenue Growth (YoY)	245.48%	52.75%	30.80%	112.35%	-
Cost of Revenue	169.49	143.01	126.18	60.1	27.42
Gross Profit	511.39	123.43	48.24	73.25	35.38
Selling, General & Admin	523.05	551.32	416.85	295.59	177.88
Research & Development	366.93	355.79	422.29	315.36	201.76
Other Operating Expenses	-51.78	-68.92	-29.39	5.28	-16.42
Operating Expenses	838.21	838.19	809.75	616.22	363.22
Operating Income	-326.81	-714.76	-761.5	-542.97	-327.84
Interest Expense	-6.68	-6.76	-9.58	-5.75	-3.58
Interest & Investment Income	71.1	55.64	102.69	50.48	14.06
Earnings From Equity Investments	-5.17	-4.19	-1.96	-0.24	-4.5
Currency Exchange Gain (Loss)	11.92	-1.95	-40.37	5.91	9.43
EBT Excluding Unusual Items	-255.64	-672.02	-710.72	-492.56	-312.43
Gain (Loss) on Sale of Investments	60.76	25.28	65.87	-9.62	10.36
Other Unusual Items	-4.49	-868.13	-1,261	-936.43	-1,835
Pretax Income	-201.71	-1,515	-1,906	-1,439	-2,137
Earnings From Continuing Operations	-201.71	-1,515	-1,906	-1,439	-2,137
Minority Interest in Earnings	4.92	-1.74	-8.06	0.11	0.04
Net Income	-196.8	-1,517	-1,914	-1,439	-2,137
Net Income to Common	-196.8	-1,517	-1,914	-1,439	-2,137
Shares Outstanding (Basic)	3,363	1,929	484	484	482
Shares Outstanding (Diluted)	3,363	1,929	484	484	482
Shares Change (YoY)	454.38%	298.66%	-	0.35%	-
EPS (Basic)	-0.06	-0.79	-3.96	-2.97	-4.43
EPS (Diluted)	-0.06	-0.79	-3.96	-2.97	-4.43
Free Cash Flow	-475.64	-536.79	-691.36	-622.52	-414.32
Free Cash Flow Per Share	-0.14	-0.28	-1.43	-1.29	-0.86
Gross Margin	75.11%	46.33%	27.66%	54.93%	56.34%
Operating Margin	-48.00%	-268.27%	-436.59%	-407.17%	-522.05%
Profit Margin	-28.90%	-569.23%	-1097.57%	-1078.72%	-3403.38%
Free Cash Flow Margin	-69.86%	-201.47%	-396.37%	-466.82%	-659.76%
EBITDA	-247.74	-631.38	-690.69	-495	-315.45
EBITDA Margin	-36.38%	-236.97%	-	-	-
D&A For EBITDA	79.08	83.38	70.81	47.97	12.4
EBIT	-326.81	-714.76	-761.5	-542.97	-327.84
EBIT Margin	-48.00%	-268.27%	-	-	-

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