YQ Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Revenue	143.3	189.21	170.96	531.06	2,185	1,294	Upgrade
Revenue Growth (YoY)	-22.72%	10.67%	-67.81%	-75.69%	68.77%	218.62%	Upgrade
Cost of Revenue	72.23	120	90.26	206.21	878.24	495.67	Upgrade
Gross Profit	71.07	69.21	80.7	324.86	1,306	798.7	Upgrade
Selling, General & Admin	169.76	211.02	255.52	300.16	1,858	1,518	Upgrade
Research & Development	54.35	72	167.93	235.85	800.16	614.77	Upgrade
Operating Expenses	224.11	283.02	423.45	536	2,658	2,133	Upgrade
Operating Income	-153.04	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
Interest Expense	-	-	-	-	-	-2.93	Upgrade
Interest & Investment Income	11.66	16.26	27.81	11.35	24.57	8.42	Upgrade
Currency Exchange Gain (Loss)	-0.13	0.23	-0.8	0.16	2.33	-15.56	Upgrade
Other Non Operating Income (Expenses)	3.48	4.4	3.96	21.77	4.67	4.27	Upgrade
EBT Excluding Unusual Items	-138.04	-192.93	-311.78	-177.87	-1,321	-1,340	Upgrade
Asset Writedown	-	-	-	-	-121.29	-	Upgrade
Pretax Income	-138.04	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Net Income	-138.05	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	2,838	Upgrade
Net Income to Common	-138.05	-192.93	-311.78	-177.87	-1,442	-4,178	Upgrade
Shares Outstanding (Basic)	9	8	9	10	10	2	Upgrade
Shares Outstanding (Diluted)	9	8	9	10	10	2	Upgrade
Shares Change (YoY)	6.70%	-12.37%	-8.78%	1.77%	428.38%	62.87%	Upgrade
EPS (Basic)	-15.73	-24.00	-33.99	-17.69	-145.93	-2234.09	Upgrade
EPS (Diluted)	-15.73	-24.00	-33.99	-17.69	-145.93	-2234.09	Upgrade
Free Cash Flow	-	-148.59	-238.67	-466.69	-1,636	-612.49	Upgrade
Free Cash Flow Per Share	-	-18.48	-26.02	-46.41	-165.57	-327.52	Upgrade
Gross Margin	49.59%	36.58%	47.21%	61.17%	59.80%	61.71%	Upgrade
Operating Margin	-106.80%	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Profit Margin	-96.33%	-101.96%	-182.37%	-33.49%	-66.01%	-322.77%	Upgrade
Free Cash Flow Margin	-	-78.53%	-139.60%	-87.88%	-74.89%	-47.32%	Upgrade
EBITDA	-142.71	-201.53	-326.58	-186.42	-1,287	-1,294	Upgrade
EBITDA Margin	-99.59%	-106.51%	-191.02%	-35.10%	-58.93%	-100.00%	Upgrade
D&A For EBITDA	10.33	12.28	16.17	24.73	64.76	39.7	Upgrade
EBIT	-153.04	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
EBIT Margin	-106.80%	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Advertising Expenses	-	0.13	1.04	-	697.47	487.5	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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