HKG:0777 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,475	6,047	7,101	7,866	7,036
Revenue Growth (YoY)	-26.00%	-14.84%	-9.72%	11.80%	14.64%
Cost of Revenue	1,329	2,105	2,703	3,551	2,513
Gross Profit	3,146	3,942	4,398	4,315	4,523
Selling, General & Admin	1,594	1,922	2,006	1,920	1,912
Research & Development	1,013	1,429	1,382	1,224	1,160
Other Operating Expenses	240	-78	161	-132	-71
Operating Expenses	2,872	3,271	3,552	3,026	3,009
Operating Income	274	671	846	1,289	1,514
Interest Expense	-132	-149	-263	-219	-186
Interest & Investment Income	32	74	68	33	55
Earnings From Equity Investments	6	3	-4	-17	-16
Currency Exchange Gain (Loss)	-21	-2	-69	-111	-19
Other Non Operating Income (Expenses)	20	75	23	15	-3
EBT Excluding Unusual Items	179	672	601	990	1,345
Merger & Restructuring Charges	-	-110	-93	-40	-102
Impairment of Goodwill	-	-	-	-	-19
Gain (Loss) on Sale of Investments	33	67	75	-33	-3
Gain (Loss) on Sale of Assets	-	141	71	-	17
Asset Writedown	-	-14	-19	-77	-2
Pretax Income	212	756	635	840	1,236
Income Tax Expense	176	642	188	76	253
Earnings From Continuing Operations	36	114	447	764	983
Minority Interest in Earnings	115	197	103	70	79
Net Income	151	311	550	834	1,062
Net Income to Common	151	311	550	834	1,062
Net Income Growth	-51.45%	-43.45%	-34.05%	-21.47%	11.38%
Shares Outstanding (Basic)	530	531	534	541	554
Shares Outstanding (Diluted)	530	531	534	541	554
Shares Change (YoY)	-0.21%	-0.57%	-1.22%	-2.46%	-0.60%
EPS (Basic)	0.28	0.59	1.03	1.54	1.92
EPS (Diluted)	0.28	0.59	1.03	1.54	1.92
EPS Growth	-51.35%	-43.13%	-33.20%	-19.54%	12.06%
Free Cash Flow	233	886	837	901	883
Free Cash Flow Per Share	0.44	1.67	1.57	1.67	1.59
Dividend Per Share	0.899	0.846	0.726	0.708	0.652
Dividend Growth	6.25%	16.46%	2.62%	8.58%	54.80%
Gross Margin	70.30%	65.19%	61.93%	54.86%	64.28%
Operating Margin	6.12%	11.10%	11.91%	16.39%	21.52%
Profit Margin	3.37%	5.14%	7.75%	10.60%	15.09%
Free Cash Flow Margin	5.21%	14.65%	11.79%	11.45%	12.55%
EBITDA	560	957	1,118	1,554	1,789
EBITDA Margin	12.51%	15.83%	15.74%	19.76%	25.43%
D&A For EBITDA	286	286	272	265	275
EBIT	274	671	846	1,289	1,514
EBIT Margin	6.12%	11.10%	11.91%	16.39%	21.52%
Effective Tax Rate	83.02%	84.92%	29.61%	9.05%	20.47%
Advertising Expenses	-	389	348	404	390

Source: S&P Global Market Intelligence. Standard template. Financial Sources.