SHA:688538 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	5,501	4,817	3,007	4,150	3,987
Other Revenue	-	140.9	31.95	41.15	33.3
Revenue	5,501	4,958	3,038	4,191	4,021
Revenue Growth (YoY)	10.94%	63.19%	-27.50%	4.24%	60.69%
Cost of Revenue	7,470	6,490	5,421	5,202	4,637
Gross Profit	-1,969	-1,532	-2,383	-1,011	-616.43
Selling, General & Admin	-	144.41	143.41	162.47	152.73
Research & Development	-	208.37	180.55	213.02	156.53
Other Operating Expenses	-	32.83	33.26	18.3	2.78
Operating Expenses	-	389.55	355.38	393.05	316.44
Operating Income	-1,969	-1,921	-2,738	-1,404	-932.87
Interest Expense	-	-647.14	-523.81	-310.09	-169.64
Interest & Investment Income	-	44.08	59.87	135.35	96.3
Currency Exchange Gain (Loss)	-	-41.77	-62.22	-79.76	6.79
Other Non Operating Income (Expenses)	0.58	-0.41	-0.39	-0.31	-0.18
EBT Excluding Unusual Items	-1,969	-2,566	-3,264	-1,659	-999.59
Gain (Loss) on Sale of Investments	-	1.44	0.63	21.6	15.03
Gain (Loss) on Sale of Assets	-	13.84	-0.02	-0.08	0.06
Asset Writedown	-	-	-13.63	-	-
Other Unusual Items	-	33.13	33.06	35.75	39.34
Pretax Income	-1,969	-2,518	-3,244	-1,602	-945.16
Net Income	-1,969	-2,518	-3,244	-1,602	-945.16
Net Income to Common	-1,969	-2,518	-3,244	-1,602	-945.16
Shares Outstanding (Basic)	14,064	13,989	14,106	13,348	11,814
Shares Outstanding (Diluted)	14,064	13,989	14,106	13,348	11,814
Shares Change (YoY)	0.53%	-0.83%	5.68%	12.98%	14.03%
EPS (Basic)	-0.14	-0.18	-0.23	-0.12	-0.08
EPS (Diluted)	-0.14	-0.18	-0.23	-0.12	-0.08
Free Cash Flow	-	-1,100	-1,944	-3,807	-1,642
Free Cash Flow Per Share	-	-0.08	-0.14	-0.28	-0.14
Gross Margin	-35.80%	-30.89%	-78.41%	-24.13%	-15.33%
Operating Margin	-35.80%	-38.75%	-90.11%	-33.51%	-23.20%
Profit Margin	-35.79%	-50.78%	-106.78%	-38.22%	-23.51%
Free Cash Flow Margin	-	-22.18%	-63.98%	-90.85%	-40.84%
EBITDA	-67.96	-19.69	-1,025	62.56	89.47
EBITDA Margin	-1.23%	-0.40%	-33.73%	1.49%	2.23%
D&A For EBITDA	1,902	1,902	1,713	1,467	1,022
EBIT	-1,969	-1,921	-2,738	-1,404	-932.87
EBIT Margin	-35.80%	-38.75%	-90.11%	-33.51%	-23.20%
Advertising Expenses	-	1.79	1.43	1.25	1.22

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