Financial Performance Review

Operating Expenses S&M in billion RMB +5% YOY +18% QoQ R&D in billion RMB +7% YOY +5% QoQ G&A (excl. R&D) in billion RMB -16% YOY -0.5% QoQ 8.3 8.3 16.0 16.0 7.9 15.0 15.2 11.2 7.0 9.4 9.4 9.4 2Q22 2Q23 1Q23 2Q23 2Q22 2Q23 1Q23 2Q23 2Q22 2Q23 1Q23 2Q23 Non-IFRS Non-IFRS 2Q23 S&M grew by 5% YoY and 19% QoQ 2Q23 R&D grew by 10% YoY and 7% QoQ Non-IFRS 2Q23 G&A (excl. R&D) declined by 14% YoY or grew by 1% QoQ 19

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