Z.AI
$607.00Change from previous close: −5.30%Absolute change: −$34.00
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 724 | 312 | 125 | 57.4 |
| Cost of revenue | 428 | 137 | 44.1 | 26.0 |
| Gross profit | 297 | 176 | 80.5 | 31.4 |
| Selling, general and administrative | 896 | 521 | 89.9 | 11.7 |
| Research and development | 3,180 | 2,195 | 529 | 84.4 |
| Operating income | -3,780 | -2,541 | -616 | -100 |
| EBIT | -4,681 | -2,925 | -780 | -143 |
| EBITDA | -4,400 | -2,645 | -712 | -123 |
| Interest expense | 37.5 | 32.6 | 7.5 | 0.8 |
| Pre-tax income | -4,718 | -2,958 | -788 | -144 |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | -4,718 | -2,958 | -788 | -144 |
| Net income to common shareholders | -4,718 | -2,958 | -788 | -144 |
| Basic EPS | — | -6.72 | -1.79 | -0.33 |
| Diluted EPS | — | -6.72 | -1.79 | -0.33 |
| Average shares (basic) | — | 440 | 440 | 440 |
| Average shares (diluted) | — | 440 | 440 | 440 |