CNY 2.33
+0.00%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 9.2B | 9.8B | 11.1B | 17.8B | 29.6B |
| Cost of Revenue | 8.8B | 9.4B | 10.9B | 17.3B | 28.8B |
| Gross Profit | 377.5M | 404.8M | 252.9M | 520.2M | 819.2M |
| Operating Expenses | |||||
| R&D Expense | 384.3M | 386.1M | 416.4M | 498.0M | 543.9M |
| SG&A Expense | — | — | — | — | — |
| General & Admin Expense | 532.6M | 564.2M | 651.9M | 807.5M | 949.6M |
| Selling & Marketing Expense | 601.8M | 647.2M | 774.3M | 965.1M | 1.2B |
| Other Expenses | — | — | — | — | — |
| Total Operating Expenses | 2.4B | 2.5B | 2.7B | 3.0B | 3.5B |
| Cost and Expenses | 11.2B | 11.9B | 13.5B | 20.4B | 32.3B |
| Operating Income (EBIT) | (11.0B) | (10.5B) | (4.1B) | (2.7B) | (2.2B) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | — | — | — | — | — |
| Other Non-Op Income/Expense | — | — | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | (11.4B) | (10.9B) | (4.2B) | (2.8B) | (2.3B) |
| Income Tax Expense | 1.1B | 1.3B | 69.6M | (81.4M) | (298.3M) |
| Bottom Line | |||||
| Net Income | (12.9B) | (12.6B) | (3.7B) | (2.3B) | (1.7B) |
| Earnings from Cont. Ops | (12.5B) | (12.2B) | (4.3B) | (2.7B) | (2.0B) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (12.9B) | (12.6B) | (3.7B) | (2.3B) | (1.7B) |
| Per Share | |||||
| Basic EPS | (CN¥5.34) | (CN¥5.23) | (CN¥1.55) | (CN¥0.94) | (CN¥0.72) |
| Diluted EPS | (CN¥5.34) | (CN¥5.23) | (CN¥1.55) | (CN¥0.94) | (CN¥0.72) |
| Revenue Per Share | CN¥3.83 | CN¥4.08 | CN¥4.62 | CN¥7.41 | CN¥12.30 |
| Shares | |||||
| Basic Shares Outstanding | 2.4B | 2.4B | 2.4B | 2.4B | 2.4B |
| Diluted Shares Outstanding | 2.4B | 2.4B | 2.4B | 2.4B | 2.4B |
| Profitability Metrics | |||||
| EBITDA | — | (9.8B) | (3.5B) | (2.1B) | (1.7B) |
| D&A | — | 672.1M | 654.7M | 625.9M | 559.2M |
| EBIT | — | — | — | — | — |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026