SHA:688280 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	2,726	1,280	840.9	903.78	640.41
Other Revenue	-	24.69	25.34	116.9	95.91
Revenue	2,726	1,305	866.24	1,021	736.32
Revenue Growth (YoY)	108.93%	50.64%	-15.13%	38.62%	27.34%
Cost of Revenue	-	1,378	1,046	1,004	779.87
Gross Profit	2,726	-72.63	-180.22	17.01	-43.56
Selling, General & Admin	-	197.28	205.14	208.66	194.88
Research & Development	-	110.99	150.05	213.47	155.09
Other Operating Expenses	2,582	38.15	38.86	28.56	30.6
Operating Expenses	2,582	347.49	400.48	484.29	371.4
Operating Income	143.97	-420.12	-580.7	-467.28	-414.96
Interest Expense	-	-27.64	-30.21	-23.18	-17.89
Interest & Investment Income	-	11.58	8.87	22.86	3.66
Currency Exchange Gain (Loss)	-	10.56	8.81	7.35	8.94
Other Non Operating Income (Expenses)	-7.24	-0.84	-0.44	-2.51	-7.92
EBT Excluding Unusual Items	136.73	-426.46	-593.67	-462.76	-428.17
Gain (Loss) on Sale of Investments	-	-	-0.65	-0.58	-
Gain (Loss) on Sale of Assets	-	1.88	1.31	-2	-1.37
Asset Writedown	-	-29.36	-26.15	-4.8	-2.34
Other Unusual Items	-	27.54	26.87	66.93	37.24
Pretax Income	136.73	-426.4	-592.3	-403.21	-394.53
Income Tax Expense	-25.02	10.01	-15.36	-14.86	5.6
Net Income	161.75	-436.41	-576.94	-388.35	-400.13
Net Income to Common	161.75	-436.41	-576.94	-388.35	-400.13
Shares Outstanding (Basic)	590	590	589	588	465
Shares Outstanding (Diluted)	590	590	589	588	465
Shares Change (YoY)	0.08%	0.18%	0.05%	26.47%	5.53%
EPS (Basic)	0.27	-0.74	-0.98	-0.66	-0.86
EPS (Diluted)	0.27	-0.74	-0.98	-0.66	-0.86
Free Cash Flow	-	-233.94	-533.38	-628.81	-557.13
Free Cash Flow Per Share	-	-0.40	-0.91	-1.07	-1.20
Gross Margin	100.00%	-5.57%	-20.80%	1.67%	-5.92%
Operating Margin	5.28%	-32.20%	-67.04%	-45.78%	-56.35%
Profit Margin	5.93%	-33.44%	-66.60%	-38.05%	-54.34%
Free Cash Flow Margin	-	-17.93%	-61.57%	-61.61%	-75.66%
EBITDA	246.41	-317.68	-478.97	-378.18	-342.24
EBITDA Margin	9.04%	-24.34%	-55.29%	-37.05%	-46.48%
D&A For EBITDA	102.44	102.44	101.74	89.1	72.71
EBIT	143.97	-420.12	-580.7	-467.28	-414.96
EBIT Margin	5.28%	-32.20%	-67.04%	-45.78%	-56.35%
Revenue as Reported	-	1,305	866.24	1,021	736.32
Advertising Expenses	-	-	-	0.2	1.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.