QingCloud Technologies 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	232.87	271.96	335.32	304.97	423.35
Other Revenue	-	0.11	0.38	-	0.48
Revenue	232.87	272.07	335.69	304.97	423.83
Revenue Growth (YoY)	-14.41%	-18.95%	10.07%	-28.04%	-1.11%
Cost of Revenue	-	185.88	253.13	268.42	406.01
Gross Profit	232.87	86.19	82.56	36.56	17.82
Selling, General & Admin	-	112.48	152.23	167.68	177.73
Research & Development	-	64.73	81.87	123.37	132.25
Other Operating Expenses	292.67	-5.25	-2.29	-5.46	-3.72
Operating Expenses	292.67	177.14	239.22	286.5	313.13
Operating Income	-59.8	-90.95	-156.66	-249.95	-295.31
Interest Expense	-	-9.06	-5.6	-5.93	-3.69
Interest & Investment Income	-	2.95	1.05	3.16	7.09
Currency Exchange Gain (Loss)	-	0.03	-0.12	-0.58	0.2
Other Non Operating Income (Expenses)	-0.15	2.48	-10.51	-0.11	-1.04
EBT Excluding Unusual Items	-59.95	-94.54	-171.85	-253.39	-292.74
Gain (Loss) on Sale of Investments	-	-0.07	0.73	1.8	1.09
Gain (Loss) on Sale of Assets	-	1.35	0.98	14.14	0.07
Other Unusual Items	-	-2.5	-0.2	-6.64	7.01
Pretax Income	-59.95	-95.77	-170.34	-244.09	-284.57
Income Tax Expense	0.71	0.1	-0	0.02	-
Earnings From Continuing Operations	-60.66	-95.87	-170.34	-244.11	-284.57
Minority Interest in Earnings	-	0.11	0.27	-0.13	1.78
Net Income	-60.66	-95.76	-170.07	-244.24	-282.79
Net Income to Common	-60.66	-95.76	-170.07	-244.24	-282.79
Shares Outstanding (Basic)	48	48	48	47	44
Shares Outstanding (Diluted)	48	48	48	47	44
Shares Change (YoY)	-0.24%	0.50%	0.45%	6.66%	25.46%
EPS (Basic)	-1.27	-2.00	-3.57	-5.15	-6.36
EPS (Diluted)	-1.27	-2.00	-3.57	-5.15	-6.36
Free Cash Flow	-	-147.43	-116.58	-185.34	-306.82
Free Cash Flow Per Share	-	-3.08	-2.45	-3.91	-6.90
Gross Margin	100.00%	31.68%	24.59%	11.99%	4.21%
Operating Margin	-25.68%	-33.43%	-46.67%	-81.96%	-69.67%
Profit Margin	-26.05%	-35.20%	-50.66%	-80.08%	-66.72%
Free Cash Flow Margin	-	-54.19%	-34.73%	-60.77%	-72.39%
EBITDA	-19.92	-51.07	-119.12	-202.39	-244.48
EBITDA Margin	-8.55%	-18.77%	-35.48%	-66.36%	-57.68%
D&A For EBITDA	39.88	39.88	37.54	47.56	50.83
EBIT	-59.8	-90.95	-156.66	-249.95	-295.31
EBIT Margin	-25.68%	-33.43%	-46.67%	-81.96%	-69.67%
Revenue as Reported	-	272.07	335.69	304.97	423.83
Advertising Expenses	-	2.72	3.06	3.91	-

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