SHA:688192 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
Operating Revenue	801.14	359.9	91.29	-	10.29
Revenue	801.14	359.9	91.29	-	10.29
Revenue Growth (YoY)	122.60%	294.25%	-	-	-62.95%
Cost of Revenue	34.23	9.32	7.66	3.65	12.93
Gross Profit	766.91	350.58	83.63	-3.65	-2.65
Selling, General & Admin	730.95	598.78	437.55	128.44	87.95
Research & Development	855.61	723.69	801.15	660.87	583.67
Other Operating Expenses	-0.85	0.67	-0.27	-0.39	0.1
Operating Expenses	1,587	1,323	1,239	788.9	671.73
Operating Income	-819.97	-972.43	-1,155	-792.55	-674.37
Interest Expense	-33.6	-25.81	-7.57	-4.34	-3.07
Interest & Investment Income	2.14	2.24	3.64	2.53	3.65
Currency Exchange Gain (Loss)	-1.01	-2.45	-1.45	10.1	-6.45
Other Non Operating Income (Expenses)	2.28	2.99	-0.04	-0.03	-0.08
EBT Excluding Unusual Items	-850.16	-995.46	-1,161	-784.3	-680.32
Gain (Loss) on Sale of Investments	25.33	14.45	22.52	42.16	0.97
Gain (Loss) on Sale of Assets	0	-	-0.01	0.02	-
Other Unusual Items	57.71	41.36	30.5	6.39	9.47
Pretax Income	-767.13	-939.65	-1,108	-735.74	-669.88
Income Tax Expense	1.39	0	0.1	0.26	-
Earnings From Continuing Operations	-768.52	-939.66	-1,108	-736	-669.88
Minority Interest in Earnings	4.47	93.7	-	-	-
Net Income	-764.05	-845.96	-1,108	-736	-669.88
Net Income to Common	-764.05	-845.96	-1,108	-736	-669.88
Shares Outstanding (Basic)	447	415	407	404	360
Shares Outstanding (Diluted)	447	415	407	404	360
Shares Change (YoY)	7.75%	1.83%	0.70%	12.29%	0.07%
EPS (Basic)	-1.71	-2.04	-2.72	-1.82	-1.86
EPS (Diluted)	-1.71	-2.04	-2.72	-1.82	-1.86
Free Cash Flow	-758.79	-788.1	-1,000	-677.15	-501.26
Free Cash Flow Per Share	-1.70	-1.90	-2.46	-1.67	-1.39
Gross Margin	95.73%	97.41%	91.61%	-	-25.72%
Operating Margin	-102.35%	-270.19%	-1265.43%	-	-6556.55%
Profit Margin	-95.37%	-235.05%	-1213.42%	-	-6512.85%
Free Cash Flow Margin	-94.72%	-218.98%	-1095.44%	-	-4873.51%
EBITDA	-776.5	-930.7	-1,114	-753.85	-636.97
EBITDA Margin	-96.92%	-258.60%	-	-	-
D&A For EBITDA	43.47	41.73	40.94	38.7	37.4
EBIT	-819.97	-972.43	-1,155	-792.55	-674.37
EBIT Margin	-102.35%	-270.19%	-	-	-
Revenue as Reported	801.14	359.9	91.29	-	10.29
Advertising Expenses	210.92	156.99	-	1.94	-

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