ZK 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
Period Ending	Mar '25 Mar 31, 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
Revenue	76,151	75,913	51,673	31,899	6,528	3,185
Revenue Growth (YoY)	31.77%	46.91%	61.99%	388.69%	104.94%	-
Cost of Revenue	65,116	63,465	44,822	29,427	5,489	2,335
Gross Profit	11,034	12,447	6,851	2,472	1,038	850.23
Selling, General & Admin	9,379	9,647	6,921	4,245	2,200	803.56
Research & Development	10,302	9,720	8,369	5,446	3,160	22.61
Other Operating Expenses	-2,612	-459.74	-261.19	-67.76	-19.55	-59.04
Operating Expenses	17,070	18,908	15,029	9,624	5,341	767.13
Operating Income	-6,035	-6,460	-8,178	-7,152	-4,303	83.1
Interest Expense	-37.91	-69.91	-256.08	-283.73	-53.21	-66.75
Interest & Investment Income	865	898	94.62	112.14	23.02	1.76
Earnings From Equity Investments	161.28	124.28	86.84	-172.79	-16.87	-7.98
Other Non Operating Income (Expenses)	627.15	-105.85	50.59	-31.68	-184.58	134.12
Pretax Income	-4,410	-5,614	-8,202	-7,528	-4,534	144.24
Income Tax Expense	228.75	176.75	62.11	127.27	-19.98	40.64
Earnings From Continuing Operations	-4,639	-5,791	-8,264	-7,655	-4,514	103.6
Minority Interest in Earnings	-520.92	-632.92	-82.79	-278.63	151.72	-
Net Income	-5,160	-6,424	-8,347	-7,934	-4,363	103.6
Preferred Dividends & Other Adjustments	-	-	-	-3.29	-2,214	-
Net Income to Common	-5,160	-6,424	-8,347	-7,930	-2,148	103.6
Shares Outstanding (Basic)	249	235	200	200	151	-
Shares Outstanding (Diluted)	249	235	200	200	151	-
Shares Change (YoY)	24.56%	17.65%	-	32.73%	-	-
EPS (Basic)	-20.71	-27.30	-41.73	-39.65	-14.26	-
EPS (Diluted)	-20.71	-27.30	-41.73	-39.70	-14.30	-
Free Cash Flow	-	1,926	706.6	-4,362	-102.65	-427.24
Free Cash Flow Per Share	-	8.19	3.53	-21.81	-0.68	-
Gross Margin	14.49%	16.40%	13.26%	7.75%	15.90%	26.69%
Operating Margin	-7.93%	-8.51%	-15.83%	-22.42%	-65.92%	2.61%
Profit Margin	-6.78%	-8.46%	-16.15%	-24.86%	-32.91%	3.25%
Free Cash Flow Margin	-	2.54%	1.37%	-13.67%	-1.57%	-13.41%
EBITDA	-5,009	-5,515	-7,560	-6,913	-4,213	136.19
EBITDA Margin	-6.58%	-7.27%	-14.63%	-21.67%	-64.54%	4.28%
D&A For EBITDA	1,027	944.98	618.19	239.11	89.84	53.09
EBIT	-6,035	-6,460	-8,178	-7,152	-4,303	83.1
EBIT Margin	-7.93%	-8.51%	-15.83%	-22.42%	-65.92%	2.61%
Effective Tax Rate	-	-	-	-	-	28.18%
Revenue as Reported	76,151	75,913	51,673	31,899	6,528	3,185

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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