SHA:688802 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	1,644	741.91	51.41	0.43
Other Revenue	-	1.16	1.61	-
Revenue	1,644	743.07	53.02	0.43
Revenue Growth (YoY)	121.25%	1301.46%	12334.60%	-
Cost of Revenue	833.34	437.69	19.68	0.32
Gross Profit	810.75	305.38	33.34	0.1
Selling, General & Admin	575.62	703.01	189.75	141.69
Research & Development	1,027	900.89	698.62	647.52
Other Operating Expenses	4.86	1.9	1.05	0.02
Operating Expenses	1,632	1,612	889.8	789.23
Operating Income	-821.32	-1,307	-856.46	-789.13
Interest Expense	-10.22	-11.83	-3.15	-1.67
Interest & Investment Income	84.94	21.15	14.24	13.62
Currency Exchange Gain (Loss)	-1.56	-18.68	0.75	0.09
Other Non Operating Income (Expenses)	-4.54	-49.67	-6.12	-2.17
EBT Excluding Unusual Items	-752.72	-1,366	-850.73	-779.26
Gain (Loss) on Sale of Investments	1	0.19	0.06	0.43
Gain (Loss) on Sale of Assets	0.36	-17.38	1.43	-0.03
Asset Writedown	-55.73	-38.06	-33.29	-
Other Unusual Items	27.7	15.48	11.43	1.71
Pretax Income	-779.39	-1,405	-871.1	-777.16
Income Tax Expense	10.05	3.54	0.06	-0.19
Net Income	-789.45	-1,409	-871.16	-776.97
Net Income to Common	-789.45	-1,409	-871.16	-776.97
Shares Outstanding (Basic)	324	201	-	-
Shares Outstanding (Diluted)	324	201	-	-
Shares Change (YoY)	60.98%	-	-	-
EPS (Basic)	-2.44	-7.01	-	-
EPS (Diluted)	-2.44	-7.01	-	-
Free Cash Flow	-1,455	-2,542	-1,184	-896.82
Free Cash Flow Per Share	-4.50	-12.65	-	-
Gross Margin	49.31%	41.10%	62.88%	24.10%
Operating Margin	-49.96%	-175.83%	-1615.31%	-185067.50%
Profit Margin	-48.02%	-189.60%	-1643.04%	-182215.10%
Free Cash Flow Margin	-88.52%	-342.05%	-2233.77%	-210324.60%
EBITDA	-698.13	-1,152	-734.93	-702.52
EBITDA Margin	-42.46%	-155.08%	-	-
D&A For EBITDA	123.19	154.21	121.53	86.61
EBIT	-821.32	-1,307	-856.46	-789.13
EBIT Margin	-49.96%	-175.83%	-	-
Revenue as Reported	1,644	743.07	53.02	0.43
Advertising Expenses	5.82	6.68	8.78	10.71

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