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	Sep '25 Sep 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	103.68	189.21	170.96	531.06	2,185	1,294	Upgrade
Revenue Growth (YoY)	-48.15%	10.67%	-67.81%	-75.69%	68.77%	218.62%	Upgrade
Cost of Revenue	58.7	120	90.26	206.21	878.24	495.67	Upgrade
Gross Profit	44.98	69.21	80.7	324.86	1,306	798.7	Upgrade
Selling, General & Admin	166.21	211.02	255.52	300.16	1,858	1,518	Upgrade
Research & Development	56.81	72	167.93	235.85	800.16	614.77	Upgrade
Operating Expenses	223.02	283.02	423.45	536	2,658	2,133	Upgrade
Operating Income	-178.05	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
Interest Expense	-	-	-	-	-	-2.93	Upgrade
Interest & Investment Income	9.97	16.26	27.81	11.35	24.57	8.42	Upgrade
Currency Exchange Gain (Loss)	0.46	0.23	-0.8	0.16	2.33	-15.56	Upgrade
Other Non Operating Income (Expenses)	2.47	4.4	3.96	21.77	4.67	4.27	Upgrade
EBT Excluding Unusual Items	-165.15	-192.93	-311.78	-177.87	-1,321	-1,340	Upgrade
Asset Writedown	-	-	-	-	-121.29	-	Upgrade
Pretax Income	-165.15	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Net Income	-165.16	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	-	2,838	Upgrade
Net Income to Common	-165.16	-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)	17.67%	-12.37%	-8.78%	1.77%	428.38%	62.87%	Upgrade
EPS (Basic)	-17.57	-24.00	-33.99	-17.69	-145.93	-2234.09	Upgrade
EPS (Diluted)	-17.57	-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	43.38%	36.58%	47.21%	61.17%	59.80%	61.71%	Upgrade
Operating Margin	-171.73%	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Profit Margin	-159.30%	-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	-168.69	-201.53	-326.58	-186.42	-1,287	-1,294	Upgrade
EBITDA Margin	-162.70%	-106.51%	-191.02%	-35.10%	-58.93%	-100.00%	Upgrade
D&A For EBITDA	9.36	12.28	16.17	24.73	64.76	39.7	Upgrade
EBIT	-178.05	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
EBIT Margin	-171.73%	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Advertising Expenses	-	0.13	1.04	-	697.47	487.5	Upgrade

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

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