SHA:688790 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,916	1,882	2,101	1,695	923.04
Revenue Growth (YoY)	107.60%	-10.42%	23.98%	83.62%	-
Cost of Revenue	1,577	1,553	1,717	1,420	943.13
Gross Profit	338.79	328.99	384.71	274.77	-20.09
Selling, General & Admin	191.59	186.63	173.53	377.51	196.17
Research & Development	308.59	298.82	312.37	393.75	267.51
Other Operating Expenses	6.23	1.39	1.2	1.08	0.36
Operating Expenses	504.71	486.9	487.05	772.28	463.48
Operating Income	-165.92	-157.91	-102.34	-497.52	-483.57
Interest Expense	-6.47	-7.83	-6.55	-3.29	-1.09
Interest & Investment Income	8.45	7.6	8.52	12.37	10.5
Currency Exchange Gain (Loss)	0.1	0.1	-4.31	2.75	7.31
Other Non Operating Income (Expenses)	-9.95	-4.26	-1.65	-4.38	-3.6
EBT Excluding Unusual Items	-173.79	-162.3	-106.33	-490.07	-470.45
Gain (Loss) on Sale of Investments	0.33	0.02	0.36	0.94	0.28
Gain (Loss) on Sale of Assets	-0.42	-0.27	2.32	0.01	-
Asset Writedown	-9.99	-0.03	-0.07	-	-0
Other Unusual Items	47.04	43.49	39.01	38.99	180.29
Pretax Income	-136.82	-119.09	-64.71	-450.13	-289.89
Net Income	-136.82	-119.09	-64.71	-450.13	-289.89
Net Income to Common	-136.82	-119.09	-64.71	-450.13	-289.89
Shares Outstanding (Basic)	83	77	74	75	75
Shares Outstanding (Diluted)	83	77	74	75	75
Shares Change (YoY)	11.32%	3.30%	-0.36%	-0.08%	-
EPS (Basic)	-1.65	-1.55	-0.87	-6.03	-3.88
EPS (Diluted)	-1.65	-1.55	-0.87	-6.03	-3.88
Free Cash Flow	78.02	106.75	-247.45	-140.71	-208.65
Free Cash Flow Per Share	0.94	1.39	-3.33	-1.89	-2.79
Gross Margin	17.68%	17.48%	18.31%	16.21%	-2.18%
Operating Margin	-8.66%	-8.39%	-4.87%	-29.35%	-52.39%
Profit Margin	-7.14%	-6.33%	-3.08%	-26.56%	-31.41%
Free Cash Flow Margin	4.07%	5.67%	-11.78%	-8.30%	-22.61%
EBITDA	-118.15	-109.57	-51.72	-458.53	-453.84
EBITDA Margin	-6.17%	-5.82%	-2.46%	-27.05%	-49.17%
D&A For EBITDA	47.77	48.34	50.62	38.99	29.74
EBIT	-165.92	-157.91	-102.34	-497.52	-483.57
EBIT Margin	-8.66%	-8.39%	-4.87%	-29.35%	-52.39%
Revenue as Reported	1,916	1,882	2,101	1,695	923.04
Advertising Expenses	-	1.67	0.25	0.74	0.25

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