HKG:1349 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
Operating Revenue	685.8	709.4	850.73	1,031	1,140
Other Revenue	-	-	-	-	0.5
Revenue	685.8	709.4	850.73	1,031	1,140
Revenue Growth (YoY)	-3.33%	-16.61%	-17.50%	-9.57%	36.76%
Cost of Revenue	70.83	63.46	74.08	86.29	81.02
Gross Profit	614.96	645.95	776.66	944.87	1,059
Selling, General & Admin	435.54	341.04	426.45	599.5	660.26
Research & Development	357.94	314.16	243.76	226.85	224.39
Other Operating Expenses	5.16	7.44	5.39	6.84	6.15
Operating Expenses	774.83	653.7	699.5	830.78	896.57
Operating Income	-159.87	-7.75	77.15	114.09	162.72
Interest Expense	-0.66	-0.59	-3.07	-1.54	-1.06
Interest & Investment Income	2.81	5.55	7.97	11.29	25.89
Currency Exchange Gain (Loss)	0.12	0.15	-1.08	-0.83	0.14
Other Non Operating Income (Expenses)	0.02	-0.07	-0.3	-0.14	6.21
EBT Excluding Unusual Items	-157.58	-2.71	80.68	122.88	193.91
Gain (Loss) on Sale of Investments	-9.85	-10.41	-4.35	-1.28	-
Gain (Loss) on Sale of Assets	0.22	0.03	0.3	1.92	1.78
Asset Writedown	-	-3.93	-5	-1.83	-2.15
Other Unusual Items	11.36	22.48	25.9	10.61	22.38
Pretax Income	-155.85	5.46	97.53	132.29	215.92
Income Tax Expense	1.87	-33.98	-10.92	-4.98	3.54
Earnings From Continuing Operations	-157.72	39.43	108.45	137.27	212.38
Minority Interest in Earnings	0.28	0.3	0.18	0.72	0.92
Net Income	-157.44	39.73	108.63	138	213.3
Net Income to Common	-157.44	39.73	108.63	138	213.3
Net Income Growth	-	-63.42%	-21.28%	-35.30%	29.54%
Shares Outstanding (Basic)	1,037	1,037	1,034	1,030	1,041
Shares Outstanding (Diluted)	1,037	1,037	1,034	1,031	1,045
Shares Change (YoY)	-	0.23%	0.29%	-1.29%	5.59%
EPS (Basic)	-0.15	0.04	0.11	0.13	0.20
EPS (Diluted)	-0.15	0.04	0.11	0.13	0.20
EPS Growth	-	-63.51%	-19.19%	-35.00%	20.17%
Free Cash Flow	109.03	-59.18	-27.95	77.96	148.78
Free Cash Flow Per Share	0.10	-0.06	-0.03	0.08	0.14
Dividend Per Share	-	0.050	0.070	0.070	0.070
Dividend Growth	-	-28.57%	-	-	40.00%
Gross Margin	89.67%	91.05%	91.29%	91.63%	92.90%
Operating Margin	-23.31%	-1.09%	9.07%	11.06%	14.27%
Profit Margin	-22.96%	5.60%	12.77%	13.38%	18.70%
Free Cash Flow Margin	15.90%	-8.34%	-3.29%	7.56%	13.05%
EBITDA	-104.9	58.53	129.05	186.92	216.5
EBITDA Margin	-15.30%	8.25%	15.17%	18.13%	18.99%
D&A For EBITDA	54.97	66.28	51.89	72.83	53.78
EBIT	-159.87	-7.75	77.15	114.09	162.72
EBIT Margin	-23.31%	-1.09%	9.07%	11.06%	14.27%
Effective Tax Rate	-	-	-	-	1.64%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.