HKG:1022 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	810.24	276.75	226.19	191.52	104.79
Revenue Growth (YoY)	192.77%	22.35%	18.10%	82.77%	-10.44%
Cost of Revenue	66.27	39.56	31.72	37.32	34.86
Gross Profit	743.97	237.19	194.47	154.2	69.93
Selling, General & Admin	532.87	210.89	92.07	104.83	64.01
Research & Development	86.62	68.27	64.09	76.85	83.6
Operating Expenses	619.49	279.15	156.16	181.68	147.61
Operating Income	124.49	-41.96	38.31	-27.48	-77.68
Interest Expense	-3.55	-4.13	-3.69	-3.97	-3.53
Interest & Investment Income	5.28	5.47	3.15	3.18	4.02
Earnings From Equity Investments	-0.28	1.45	-0.4	0.76	1.01
Currency Exchange Gain (Loss)	-	-0.06	0.04	0.37	-0.81
Other Non Operating Income (Expenses)	-19.28	-4.85	10.74	1.4	1.72
EBT Excluding Unusual Items	106.65	-44.08	48.14	-25.74	-75.28
Impairment of Goodwill	-	-	-	-	-8.69
Gain (Loss) on Sale of Investments	0.53	1.22	7.22	1.48	7.64
Gain (Loss) on Sale of Assets	-	0.04	0.21	0.5	0.1
Asset Writedown	-	-1.66	-3.01	0.64	2.67
Pretax Income	107.18	-44.47	52.56	-23.13	-73.57
Income Tax Expense	3.84	1.67	0.38	1.23	2.99
Earnings From Continuing Operations	103.34	-46.15	52.18	-24.36	-76.56
Minority Interest in Earnings	1.96	1.75	-0.17	-5.28	-1.54
Net Income	105.3	-44.39	52.01	-29.64	-78.1
Net Income to Common	105.3	-44.39	52.01	-29.64	-78.1
Shares Outstanding (Basic)	1,749	1,749	1,733	1,719	1,659
Shares Outstanding (Diluted)	1,751	1,749	1,734	1,719	1,659
Shares Change (YoY)	0.10%	0.88%	0.89%	3.57%	7.27%
EPS (Basic)	0.06	-0.03	0.03	-0.02	-0.05
EPS (Diluted)	0.06	-0.03	0.03	-0.02	-0.05
Free Cash Flow	-	-12.18	33.18	-19.58	-81.32
Free Cash Flow Per Share	-	-0.01	0.02	-0.01	-0.05
Gross Margin	91.82%	85.71%	85.97%	80.52%	66.73%
Operating Margin	15.36%	-15.16%	16.93%	-14.35%	-74.13%
Profit Margin	13.00%	-16.04%	22.99%	-15.47%	-74.53%
Free Cash Flow Margin	-	-4.40%	14.67%	-10.22%	-77.61%
EBITDA	126.86	-39.58	42.37	-23.95	-72.59
EBITDA Margin	15.66%	-14.30%	18.73%	-12.50%	-69.28%
D&A For EBITDA	2.37	2.37	4.06	3.53	5.09
EBIT	124.49	-41.96	38.31	-27.48	-77.68
EBIT Margin	15.36%	-15.16%	16.93%	-14.35%	-74.13%
Effective Tax Rate	3.58%	-	0.72%	-	-
Advertising Expenses	-	112.07	9.67	15.46	5.18

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