SHA:688515 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
Operating Revenue	517.61	396.02	259.21	391.45	248.85	12.95
Other Revenue	0.2	0.2	14.32	11.55	5.24	-
Revenue	517.81	396.23	273.53	403	254.09	12.95
Revenue Growth (YoY)	38.16%	44.86%	-32.13%	58.61%	1861.93%	876.52%
Cost of Revenue	302.77	232.78	150.03	217.69	167.48	9.9
Gross Profit	215.05	163.44	123.5	185.3	86.61	3.05
Selling, General & Admin	117.65	116.25	102.38	61.46	28.57	16.08
Research & Development	320.52	293.61	221.75	135.24	65.55	30.95
Other Operating Expenses	0.57	-6.23	0.52	1.63	0.31	0.25
Operating Expenses	438.75	403.63	324.67	198.08	94.67	47.28
Operating Income	-223.7	-240.19	-201.17	-12.77	-8.06	-44.23
Interest Expense	-0.79	-0.81	-0.76	-0.48	-0.63	-
Interest & Investment Income	0.6	12.46	25.12	3.5	2.09	1.15
Currency Exchange Gain (Loss)	0.39	0.39	-0.74	1.14	-0.75	-0.09
Other Non Operating Income (Expenses)	-0.42	-0.11	-0.09	-0.06	-0.07	-0.03
EBT Excluding Unusual Items	-223.93	-228.26	-177.64	-8.68	-7.43	-43.2
Gain (Loss) on Sale of Investments	23.26	19.37	12.88	0.79	0.21	-0.08
Gain (Loss) on Sale of Assets	-	0.23	0.34	0.08	-	-
Asset Writedown	4.46	-	-	-	-0.02	-
Other Unusual Items	6.97	6.97	14.31	7.4	6.77	2.9
Pretax Income	-189.24	-201.68	-150.1	-0.41	-0.46	-40.38
Net Income	-189.24	-201.68	-150.1	-0.41	-0.46	-40.38
Net Income to Common	-189.24	-201.68	-150.1	-0.41	-0.46	-40.38
Shares Outstanding (Basic)	79	80	77	41	46	32
Shares Outstanding (Diluted)	79	80	77	41	46	32
Shares Change (YoY)	-0.93%	4.09%	87.49%	-11.68%	46.38%	36.53%
EPS (Basic)	-2.39	-2.53	-1.96	-0.01	-0.01	-1.28
EPS (Diluted)	-2.39	-2.53	-1.96	-0.01	-0.01	-1.28
Free Cash Flow	-252.07	-318.89	-192.52	-84.53	-50.63	-3.35
Free Cash Flow Per Share	-3.19	-4.00	-2.51	-2.07	-1.09	-0.11
Gross Margin	41.53%	41.25%	45.15%	45.98%	34.09%	23.57%
Operating Margin	-43.20%	-60.62%	-73.55%	-3.17%	-3.17%	-341.53%
Profit Margin	-36.55%	-50.90%	-54.88%	-0.10%	-0.18%	-311.77%
Free Cash Flow Margin	-48.68%	-80.48%	-70.38%	-20.97%	-19.93%	-25.87%
EBITDA	-222.89	-229.26	-176.75	6.75	-5.9	-43.74
EBITDA Margin	-43.04%	-57.86%	-64.62%	1.67%	-2.32%	-
D&A For EBITDA	0.82	10.93	24.42	19.52	2.16	0.49
EBIT	-223.7	-240.19	-201.17	-12.77	-8.06	-44.23
EBIT Margin	-43.20%	-60.62%	-73.55%	-3.17%	-3.17%	-
Revenue as Reported	517.81	396.23	273.53	403	254.09	12.95

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