SHA:688387 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	6,136	6,439	7,835	6,905	5,654
Other Revenue	-	52.03	13.21	14.19	11.75
Revenue	6,136	6,491	7,848	6,919	5,666
Revenue Growth (YoY)	-5.47%	-17.29%	13.43%	22.13%	25.15%
Cost of Revenue	-	5,101	6,429	5,799	5,001
Gross Profit	6,136	1,391	1,419	1,120	664.52
Selling, General & Admin	-	510.51	548.39	557.86	563.74
Research & Development	-	1,145	1,370	1,328	1,309
Other Operating Expenses	6,350	-14.04	-29.19	24.29	18.3
Operating Expenses	6,350	1,721	1,982	1,930	1,886
Operating Income	-213.48	-330.08	-563.21	-809.87	-1,221
Interest Expense	-	-48.84	-56.94	-61.58	-122.38
Interest & Investment Income	-	80.51	91.8	60.58	47.55
Currency Exchange Gain (Loss)	-	7.35	10.1	16.77	-16.03
Other Non Operating Income (Expenses)	-1.49	-5.12	3	-5.84	-6.59
EBT Excluding Unusual Items	-214.97	-296.18	-515.25	-799.94	-1,319
Gain (Loss) on Sale of Investments	-	4.97	1.83	4.62	-
Gain (Loss) on Sale of Assets	-	1.14	0.63	0.25	0.68
Asset Writedown	-	-0.92	-3.88	-0.67	-2.02
Legal Settlements	-	4.22	-	-	-
Other Unusual Items	-	102.28	174.3	151.1	147.34
Pretax Income	-214.97	-184.48	-342.37	-644.64	-1,173
Income Tax Expense	54.96	88.46	8.53	16.85	1.53
Earnings From Continuing Operations	-269.93	-272.94	-350.9	-661.5	-1,174
Minority Interest in Earnings	-	-5.7	-6.41	-12.48	-9.5
Net Income	-269.93	-278.64	-357.31	-673.97	-1,184
Net Income to Common	-269.93	-278.64	-357.31	-673.97	-1,184
Shares Outstanding (Basic)	3,374	3,483	3,573	2,930	2,321
Shares Outstanding (Diluted)	3,374	3,483	3,573	2,930	2,321
Shares Change (YoY)	-3.13%	-2.52%	21.94%	26.25%	20.61%
EPS (Basic)	-0.08	-0.08	-0.10	-0.23	-0.51
EPS (Diluted)	-0.08	-0.08	-0.10	-0.23	-0.51
Free Cash Flow	-	-216.35	-949.17	-695.59	-1,721
Free Cash Flow Per Share	-	-0.06	-0.27	-0.24	-0.74
Gross Margin	100.00%	21.42%	18.08%	16.19%	11.73%
Operating Margin	-3.48%	-5.08%	-7.18%	-11.70%	-21.56%
Profit Margin	-4.40%	-4.29%	-4.55%	-9.74%	-20.89%
Free Cash Flow Margin	-	-3.33%	-12.09%	-10.05%	-30.38%
EBITDA	-118.66	-235.26	-486.61	-686.92	-1,091
EBITDA Margin	-1.93%	-3.62%	-6.20%	-9.93%	-19.26%
D&A For EBITDA	94.82	94.82	76.61	122.95	130.04
EBIT	-213.48	-330.08	-563.21	-809.87	-1,221
EBIT Margin	-3.48%	-5.08%	-7.18%	-11.70%	-21.55%
Revenue as Reported	-	6,491	7,848	6,919	5,666

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