YQ Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	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	189.21	170.96	531.06	2,185	1,294	Upgrade
Revenue Growth (YoY)	10.67%	-67.81%	-75.69%	68.77%	218.62%	Upgrade
Cost of Revenue	120	90.26	206.21	878.24	495.67	Upgrade
Gross Profit	69.21	80.7	324.86	1,306	798.7	Upgrade
Selling, General & Admin	211.02	255.52	300.16	1,858	1,518	Upgrade
Research & Development	72	167.93	235.85	800.16	614.77	Upgrade
Operating Expenses	283.02	423.45	536	2,658	2,133	Upgrade
Operating Income	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
Interest Expense	-	-	-	-	-2.93	Upgrade
Interest & Investment Income	16.26	27.81	11.35	24.57	8.42	Upgrade
Currency Exchange Gain (Loss)	0.23	-0.8	0.16	2.33	-15.56	Upgrade
Other Non Operating Income (Expenses)	4.4	3.96	21.77	4.67	4.27	Upgrade
EBT Excluding Unusual Items	-192.93	-311.78	-177.87	-1,321	-1,340	Upgrade
Asset Writedown	-	-	-	-121.29	-	Upgrade
Pretax Income	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Net Income	-192.93	-311.78	-177.87	-1,442	-1,340	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	2,838	Upgrade
Net Income to Common	-192.93	-311.78	-177.87	-1,442	-4,178	Upgrade
Shares Outstanding (Basic)	8	9	10	10	2	Upgrade
Shares Outstanding (Diluted)	8	9	10	10	2	Upgrade
Shares Change (YoY)	-12.37%	-8.78%	1.77%	428.38%	62.87%	Upgrade
EPS (Basic)	-24.00	-33.99	-17.69	-145.93	-2234.09	Upgrade
EPS (Diluted)	-24.00	-33.99	-17.69	-145.93	-2234.09	Upgrade
Free Cash Flow	-	-238.67	-466.69	-1,636	-612.49	Upgrade
Free Cash Flow Per Share	-	-26.02	-46.41	-165.57	-327.52	Upgrade
Gross Margin	36.58%	47.21%	61.17%	59.80%	61.71%	Upgrade
Operating Margin	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Profit Margin	-101.96%	-182.37%	-33.49%	-66.01%	-322.77%	Upgrade
Free Cash Flow Margin	-	-139.60%	-87.88%	-74.89%	-47.32%	Upgrade
EBITDA	-197.64	-326.58	-186.42	-1,287	-1,294	Upgrade
EBITDA Margin	-104.46%	-191.02%	-35.10%	-58.93%	-100.00%	Upgrade
D&A For EBITDA	16.17	16.17	24.73	64.76	39.7	Upgrade
EBIT	-213.81	-342.75	-211.15	-1,352	-1,334	Upgrade
EBIT Margin	-113.00%	-200.48%	-39.76%	-61.90%	-103.07%	Upgrade
Advertising Expenses	-	-	-	697.47	487.5	Upgrade

Updated Mar 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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