JZ 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
Revenue	70.18	248.83	440.54	505.72	473.25
Revenue Growth (YoY)	-71.80%	-43.52%	-12.89%	6.86%	16.87%
Cost of Revenue	57.76	201.99	424.35	511.27	369.05
Gross Profit	12.42	46.84	16.19	-5.54	104.2
Selling, General & Admin	26.14	61.45	29.78	60.3	27.05
Research & Development	3.22	5.77	11.76	15.57	26.36
Other Operating Expenses	-	-	357.42	126.03	-
Total Operating Expenses	29.36	67.22	398.95	201.91	53.41
Operating Income	-16.94	-20.38	-382.76	-207.45	50.79
Interest Income	0.08	0.44	0.6	0.6	0.57
Interest Expense	0	-0.55	-1.36	-2.09	-0.89
Other Non-Operating Income (Expense)	0.9	-0.07	0.92	1.37	6.74
Total Non-Operating Income (Expense)	0.98	-0.18	0.16	-0.12	6.42
Pretax Income	-15.96	-20.56	-382.6	-207.56	57.2
Provision for Income Taxes	-0.34	-12.85	-0.21	10.98	-4.27
Net Income	-15.74	-33.51	-373.5	-199.16	48.26
Minority Interest in Earnings	-0.56	0.1	-9.31	2.58	4.67
Net Income to Common	-15.74	-33.51	-373.5	-199.16	48.26
Net Income Growth	-	-	-	-	-41.38%
Shares Outstanding (Basic)	3	2	2	2	2
Shares Outstanding (Diluted)	3	2	2	2	2
Shares Change (YoY)	50.85%	13.96%	2.19%	6.66%	-
EPS (Basic)	-4.80	-14.40	-184.80	-100.80	25.80
EPS (Diluted)	-4.80	-14.40	-184.80	-100.80	25.80
EPS Growth	-	-	-	-	-41.89%
Shares Outstanding	8.62	2.82	2.02	1.98	1.67
Free Cash Flow	-9.75	10.49	15.05	94.22	147.7
Free Cash Flow Growth	-	-30.31%	-84.02%	-36.21%	51.15%
Free Cash Flow Per Share	-2.81	4.56	7.46	47.70	79.76
Gross Margin	17.70%	18.82%	3.68%	-1.10%	22.02%
Operating Margin	-24.14%	-8.19%	-86.89%	-41.02%	10.73%
Profit Margin	-23.23%	-13.43%	-86.90%	-38.87%	11.18%
FCF Margin	-13.90%	4.22%	3.42%	18.63%	31.21%
EBITDA	-15.97	-20.03	-326.73	-99	102.82
EBITDA Margin	-22.76%	-8.05%	-74.17%	-19.58%	21.73%
EBIT	-16.94	-20.38	-382.76	-207.45	50.79
EBIT Margin	-24.14%	-8.19%	-86.89%	-41.02%	10.73%
Effective Tax Rate	2.13%	62.53%	0.06%	-5.29%	-7.47%

Updated Apr 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q