SHA:688521 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	3,148	2,317	2,329	2,674	2,139
Other Revenue	4.04	4.91	9.04	5.45	-
Revenue	3,152	2,322	2,338	2,679	2,139
Revenue Growth (YoY)	35.77%	-0.69%	-12.73%	25.23%	42.04%
Cost of Revenue	2,078	1,398	1,295	1,568	1,283
Gross Profit	1,074	923.82	1,043	1,111	856.02
Selling, General & Admin	270.2	242.27	234.3	258.01	227.47
Research & Development	1,313	1,247	947.22	788.92	617.25
Other Operating Expenses	-6.9	-0.52	-2.83	4.22	-3.76
Operating Expenses	1,605	1,528	1,304	1,094	850.4
Operating Income	-531.22	-604.31	-261.24	17.14	5.62
Interest Expense	-41.35	-36.17	-23.18	-11.38	-3.53
Interest & Investment Income	19.83	15.83	11.89	12.86	21.58
Currency Exchange Gain (Loss)	-22.52	13.57	16.48	37.88	-11.38
Other Non Operating Income (Expenses)	-0.29	-0.12	-0.41	0.4	-0.83
EBT Excluding Unusual Items	-575.55	-611.2	-256.47	56.89	11.46
Gain (Loss) on Sale of Investments	32.9	-0.89	-51.06	14.74	-0.85
Gain (Loss) on Sale of Assets	0	0	-0.09	0	-0.12
Asset Writedown	2.29	-4.75	-0.08	-0.33	-0.16
Other Unusual Items	27.09	34.96	38.47	22.39	13.84
Pretax Income	-513.27	-581.88	-269.22	93.68	24.18
Income Tax Expense	14.54	19	27.24	19.87	10.88
Net Income	-527.81	-600.88	-296.47	73.81	13.29
Net Income to Common	-527.81	-600.88	-296.47	73.81	13.29
Net Income Growth	-	-	-	455.31%	-
Shares Outstanding (Basic)	512	501	502	492	443
Shares Outstanding (Diluted)	512	501	502	492	443
Shares Change (YoY)	2.34%	-0.35%	2.11%	11.06%	3.98%
EPS (Basic)	-1.03	-1.20	-0.59	0.15	0.03
EPS (Diluted)	-1.03	-1.20	-0.59	0.15	0.03
EPS Growth	-	-	-	400.00%	-
Free Cash Flow	-472.76	-489.62	-123.97	-1,173	19.19
Free Cash Flow Per Share	-0.92	-0.98	-0.25	-2.38	0.04
Gross Margin	34.08%	39.79%	44.60%	41.49%	40.01%
Operating Margin	-16.85%	-26.03%	-11.17%	0.64%	0.26%
Profit Margin	-16.74%	-25.88%	-12.68%	2.76%	0.62%
Free Cash Flow Margin	-15.00%	-21.09%	-5.30%	-43.79%	0.90%
EBITDA	-448.51	-413.85	-117.63	136.23	92.17
EBITDA Margin	-14.23%	-17.82%	-5.03%	5.08%	4.31%
D&A For EBITDA	82.71	190.46	143.61	119.09	86.55
EBIT	-531.22	-604.31	-261.24	17.14	5.62
EBIT Margin	-16.85%	-26.03%	-11.17%	0.64%	0.26%
Effective Tax Rate	-	-	-	21.21%	45.02%
Revenue as Reported	3,152	2,322	2,338	2,679	2,139

Source: S&P Global Market Intelligence. Standard template. Financial Sources.