HKG:1351 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,227	1,039	892.43	443.49	488.03	382.76
Revenue Growth (YoY)	34.63%	16.45%	101.23%	-9.13%	27.50%	35.76%
Cost of Revenue	1,164	977.92	811.89	410.07	390.57	266.58
Gross Profit	63.15	61.3	80.55	33.43	97.46	116.18
Selling, General & Admin	66.94	61.54	59.61	52.76	95.79	53.87
Other Operating Expenses	-0.28	-0.66	-4.49	-5.5	-16.88	-10.26
Operating Expenses	70.15	63.01	56.43	46.26	79.61	44.27
Operating Income	-7.01	-1.71	24.11	-12.84	17.86	71.91
Interest Expense	-3.93	-3.69	-2.67	-3.13	-5.55	-0.89
Interest & Investment Income	0.02	0.04	0.18	0.62	0.27	0.13
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.04
Other Non Operating Income (Expenses)	0.17	0.17	-0.08	-1.22	-0.18	-
EBT Excluding Unusual Items	-10.76	-5.19	21.55	-16.56	12.4	71.11
Gain (Loss) on Sale of Investments	-	-	-	0.72	0.13	0.01
Gain (Loss) on Sale of Assets	-0.02	-0.04	-	0.17	-	-
Pretax Income	-10.78	-5.23	21.55	-15.67	12.53	71.12
Income Tax Expense	0.91	1.27	6.74	6.76	29.78	3.78
Net Income	-11.69	-6.49	14.81	-22.43	-17.26	67.33
Net Income to Common	-11.69	-6.49	14.81	-22.43	-17.26	67.33
Net Income Growth	-	-	-	-	-	75.19%
Shares Outstanding (Basic)	566	571	481	478	492	392
Shares Outstanding (Diluted)	566	571	482	478	492	392
Shares Change (YoY)	7.48%	18.43%	0.78%	-2.86%	25.47%	4.89%
EPS (Basic)	-0.02	-0.01	0.03	-0.05	-0.04	0.17
EPS (Diluted)	-0.02	-0.01	0.03	-0.05	-0.04	0.17
EPS Growth	-	-	-	-	-	67.03%
Free Cash Flow	-58.05	-24.83	-64.64	70.68	59.69	-82.59
Free Cash Flow Per Share	-0.10	-0.04	-0.13	0.15	0.12	-0.21
Dividend Per Share	-	-	-	0.123	0.160	-
Dividend Growth	-	-	-	-23.13%	-	-
Gross Margin	5.15%	5.90%	9.03%	7.54%	19.97%	30.35%
Operating Margin	-0.57%	-0.17%	2.70%	-2.90%	3.66%	18.79%
Profit Margin	-0.95%	-0.63%	1.66%	-5.06%	-3.54%	17.59%
Free Cash Flow Margin	-4.73%	-2.39%	-7.24%	15.94%	12.23%	-21.58%
EBITDA	-6.43	-0.96	24.68	-11.5	18.87	72.19
EBITDA Margin	-0.52%	-0.09%	2.77%	-2.59%	3.87%	18.86%
D&A For EBITDA	0.58	0.75	0.57	1.34	1.01	0.28
EBIT	-7.01	-1.71	24.11	-12.84	17.86	71.91
EBIT Margin	-0.57%	-0.16%	2.70%	-2.89%	3.66%	18.79%
Effective Tax Rate	-	-	31.27%	-	237.75%	5.32%
Advertising Expenses	-	960.74	799.34	382.29	-	-

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