HKG:1037 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	707.58	558.94	677.88	832.46	596.35
Revenue Growth (YoY)	26.59%	-17.55%	-18.57%	39.59%	13.93%
Cost of Revenue	602.02	471	581.1	705.31	482.23
Gross Profit	105.56	87.94	96.78	127.15	114.12
Selling, General & Admin	82.7	82.45	91	90.72	72.78
Research & Development	0.89	3.49	9.02	10.14	16.99
Other Operating Expenses	-0.83	-2.76	-2.52	-2.71	-3.96
Operating Expenses	85.85	82.41	95.98	101.5	99.24
Operating Income	19.71	5.53	0.8	25.64	14.88
Interest Expense	-0.25	-0.27	-0.21	-0.51	-0.85
Interest & Investment Income	0.5	2.44	1.84	1.92	2.31
Earnings From Equity Investments	0.05	-0.02	-4.73	-3.32	-
Currency Exchange Gain (Loss)	-3.34	2.54	-0.21	4.74	2.8
EBT Excluding Unusual Items	16.67	10.22	-2.51	28.47	19.15
Gain (Loss) on Sale of Investments	-28.34	-17.09	-1.06	2.02	18.46
Gain (Loss) on Sale of Assets	0.01	0.13	-	-	-0
Asset Writedown	-	-2.33	-10.63	-	-
Other Unusual Items	0.01	-	-	-	-
Pretax Income	-11.66	-9.06	-14.2	30.48	37.61
Income Tax Expense	2.89	3.38	2.64	2.65	3.35
Earnings From Continuing Operations	-14.55	-12.44	-16.83	27.83	34.26
Net Income	-14.55	-12.44	-16.83	27.83	34.26
Net Income to Common	-14.55	-12.44	-16.83	27.83	34.26
Net Income Growth	-	-	-	-18.77%	134.12%
Shares Outstanding (Basic)	702	702	702	702	691
Shares Outstanding (Diluted)	702	702	702	702	691
Shares Change (YoY)	0.13%	-	-	1.48%	5.57%
EPS (Basic)	-0.02	-0.02	-0.02	0.04	0.05
EPS (Diluted)	-0.02	-0.02	-0.02	0.04	0.05
EPS Growth	-	-	-	-19.96%	122.24%
Free Cash Flow	-	-1.34	31.25	20.32	13
Free Cash Flow Per Share	-	-0.00	0.04	0.03	0.02
Gross Margin	14.92%	15.73%	14.28%	15.27%	19.14%
Operating Margin	2.79%	0.99%	0.12%	3.08%	2.50%
Profit Margin	-2.06%	-2.23%	-2.48%	3.34%	5.75%
Free Cash Flow Margin	-	-0.24%	4.61%	2.44%	2.18%
EBITDA	24.08	9.9	6.88	32.82	22.84
EBITDA Margin	3.40%	1.77%	1.01%	3.94%	3.83%
D&A For EBITDA	4.37	4.37	6.08	7.17	7.96
EBIT	19.71	5.53	0.8	25.64	14.88
EBIT Margin	2.79%	0.99%	0.12%	3.08%	2.50%
Effective Tax Rate	-	-	-	8.70%	8.90%
Advertising Expenses	1.63	0.8	1.23	1.72	0.46

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