SHA:688506 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	2,520	5,821	560.42	701.83	794.95
Other Revenue	-	1.67	1.46	1.45	1.78
Revenue	2,520	5,823	561.87	703.28	796.73
Revenue Growth (YoY)	-56.72%	936.31%	-20.11%	-11.73%	-21.33%
Cost of Revenue	-	283.74	242.26	237.7	203.39
Gross Profit	2,520	5,539	319.61	465.58	593.34
Selling, General & Admin	-	405.04	367.89	403.01	467.46
Research & Development	-	1,443	746.23	375.02	278.6
Other Operating Expenses	3,238	4.24	-2.27	9.79	9.17
Operating Expenses	3,238	1,853	1,105	795.41	752.86
Operating Income	-717.99	3,686	-785.6	-329.83	-159.52
Interest Expense	-	-42.52	-24.68	-22.48	-8.69
Interest & Investment Income	-	225.32	5.71	0.77	3.61
Currency Exchange Gain (Loss)	-	63.88	-1.11	-0.05	-0.14
Other Non Operating Income (Expenses)	-1.12	-3.38	-0.84	-0.56	-0.35
EBT Excluding Unusual Items	-719.11	3,930	-806.51	-352.16	-165.09
Gain (Loss) on Sale of Investments	-	11.44	-	-	-
Gain (Loss) on Sale of Assets	-	-0.22	-0.14	-0.48	-0.45
Other Unusual Items	-	37.3	37.64	63.57	61.1
Pretax Income	-719.11	3,978	-769.01	-289.07	-104.44
Income Tax Expense	331.55	270.65	11.49	-6.69	-4.45
Earnings From Continuing Operations	-1,051	3,708	-780.5	-282.38	-99.99
Net Income	-1,051	3,708	-780.5	-282.38	-99.99
Net Income to Common	-1,051	3,708	-780.5	-282.38	-99.99
Shares Outstanding (Basic)	414	401	400	362	357
Shares Outstanding (Diluted)	414	401	400	362	357
Shares Change (YoY)	3.20%	0.14%	10.56%	1.38%	3.64%
EPS (Basic)	-2.54	9.25	-1.95	-0.78	-0.28
EPS (Diluted)	-2.54	9.25	-1.95	-0.78	-0.28
Free Cash Flow	-	3,975	-697.29	-293.21	-179.63
Free Cash Flow Per Share	-	9.92	-1.74	-0.81	-0.50
Gross Margin	100.00%	95.13%	56.88%	66.20%	74.47%
Operating Margin	-28.49%	63.31%	-139.82%	-46.90%	-20.02%
Profit Margin	-41.69%	63.67%	-138.91%	-40.15%	-12.55%
Free Cash Flow Margin	-	68.26%	-124.10%	-41.69%	-22.55%
EBITDA	-650.09	3,754	-727.25	-272.27	-109.37
EBITDA Margin	-25.80%	64.48%	-129.43%	-38.71%	-13.73%
D&A For EBITDA	67.9	67.9	58.34	57.56	50.16
EBIT	-717.99	3,686	-785.6	-329.83	-159.52
EBIT Margin	-28.49%	63.31%	-139.82%	-46.90%	-20.02%
Effective Tax Rate	-	6.80%	-	-	-
Revenue as Reported	-	5,823	561.87	703.28	796.73

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