SHA:688373 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	Sep '25 Sep 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
Revenue	136.7	130.27	90.78	48.21	7.66	-
Revenue Growth (YoY)	13.85%	43.51%	88.31%	529.33%	-	-
Cost of Revenue	20.79	22.41	16.7	8.82	0.76	-
Gross Profit	115.91	107.87	74.08	39.38	6.9	-
Selling, General & Admin	160.31	176.79	168.57	146.18	124.38	42.09
Research & Development	297.07	368.56	344.86	150.39	151.76	53.03
Other Operating Expenses	-0.32	0.41	0.3	0.14	0.03	0.35
Operating Expenses	457.87	546.53	514.06	296.9	276.2	95.46
Operating Income	-341.97	-438.66	-439.98	-257.52	-269.3	-95.46
Interest Expense	-11.61	-11.15	-10.14	-8.82	-5.23	-2.44
Interest & Investment Income	2.64	2.37	2.19	4.4	2.39	1
Currency Exchange Gain (Loss)	-4.52	-4.52	0.02	-5.59	-0.29	-0
Other Non Operating Income (Expenses)	0.49	-1	-0.13	0.34	-0.4	-0.03
EBT Excluding Unusual Items	-354.97	-452.96	-448.03	-267.19	-272.82	-96.93
Gain (Loss) on Sale of Investments	11.3	17.08	33.34	18.49	10.53	-0.14
Gain (Loss) on Sale of Assets	0.03	0.03	0	0.49	-0.02	-0
Asset Writedown	-	-	-	-	-	-0.01
Other Unusual Items	0.85	1.34	-0.46	27.92	36.08	10.76
Pretax Income	-342.78	-434.51	-415.15	-220.29	-226.23	-86.32
Income Tax Expense	0.18	6.21	5.97	0.01	0.04	0.01
Net Income	-342.96	-440.72	-421.12	-220.3	-226.27	-86.33
Net Income to Common	-342.96	-440.72	-421.12	-220.3	-226.27	-86.33
Shares Outstanding (Basic)	643	656	656	580	526	255
Shares Outstanding (Diluted)	643	656	656	580	526	255
Shares Change (YoY)	-2.08%	-	13.09%	10.17%	106.16%	12.82%
EPS (Basic)	-0.53	-0.67	-0.64	-0.38	-0.43	-0.34
EPS (Diluted)	-0.53	-0.67	-0.64	-0.38	-0.43	-0.34
Free Cash Flow	-320.82	-448.1	-336.74	-252.18	-203.89	-90.14
Free Cash Flow Per Share	-0.50	-0.68	-0.51	-0.43	-0.39	-0.35
Gross Margin	84.79%	82.80%	81.61%	81.70%	90.08%	-
Operating Margin	-250.17%	-336.72%	-484.69%	-534.19%	-3515.62%	-
Profit Margin	-250.89%	-338.31%	-463.91%	-456.99%	-2953.91%	-
Free Cash Flow Margin	-234.70%	-343.97%	-370.96%	-523.13%	-2661.81%	-
EBITDA	-339.52	-436.4	-437.97	-256.22	-268.75	-94.99
D&A For EBITDA	2.45	2.26	2.02	1.29	0.55	0.47
EBIT	-341.97	-438.66	-439.98	-257.52	-269.3	-95.46
Revenue as Reported	136.7	130.27	90.78	48.21	7.66	-

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