HKG:1478 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	20,877	16,151	12,531	13,759	18,663
Revenue Growth (YoY)	29.26%	28.89%	-8.93%	-26.27%	7.25%
Cost of Revenue	19,258	15,166	12,022	13,218	16,901
Gross Profit	1,618	984.9	508.86	541.34	1,762
Selling, General & Admin	215.74	203.85	169.04	155.71	184.32
Research & Development	655.85	504.81	435.55	469.63	642.27
Other Operating Expenses	-967.74	-131.13	-180.4	-151.6	-135.36
Operating Expenses	-96.3	578.11	423.49	473.98	691.22
Operating Income	1,715	406.79	85.37	67.36	1,071
Interest Expense	-102.5	-152.12	-171.33	-59.87	-30.05
Interest & Investment Income	83.02	135.07	154.67	45.24	18.05
Earnings From Equity Investments	24.49	-36.5	-49.58	-36.64	-51.68
Currency Exchange Gain (Loss)	-76.46	96.59	9.86	61.76	0.62
EBT Excluding Unusual Items	1,643	449.82	28.99	77.85	1,008
Gain (Loss) on Sale of Investments	37.86	12.79	42.85	34.3	-16.94
Gain (Loss) on Sale of Assets	-19.69	-2.38	-3.71	-5.07	-12.78
Asset Writedown	-	-	-	-	-20.68
Pretax Income	1,661	460.23	68.13	107.08	957.3
Income Tax Expense	167.75	181.16	-15.4	-63.15	94.45
Earnings From Continuing Operations	1,494	279.07	83.53	170.23	862.85
Minority Interest in Earnings	-	-	-1.61	0.92	0.13
Net Income	1,494	279.07	81.92	171.15	862.98
Net Income to Common	1,494	279.07	81.92	171.15	862.98
Net Income Growth	435.22%	240.67%	-52.14%	-80.17%	2.72%
Shares Outstanding (Basic)	1,188	1,185	1,185	1,184	1,179
Shares Outstanding (Diluted)	1,194	1,185	1,185	1,184	1,185
Shares Change (YoY)	0.75%	0.04%	0.04%	-0.10%	0.76%
EPS (Basic)	1.26	0.24	0.07	0.14	0.73
EPS (Diluted)	1.25	0.23	0.07	0.14	0.73
EPS Growth	432.34%	240.58%	-52.27%	-80.14%	1.96%
Free Cash Flow	-	965.44	-378.78	1,048	1,596
Free Cash Flow Per Share	-	0.81	-0.32	0.89	1.35
Dividend Per Share	0.498	0.093	-	-	-
Dividend Growth	435.48%	-	-	-	-
Gross Margin	7.75%	6.10%	4.06%	3.93%	9.44%
Operating Margin	8.21%	2.52%	0.68%	0.49%	5.74%
Profit Margin	7.16%	1.73%	0.65%	1.24%	4.62%
Free Cash Flow Margin	-	5.98%	-3.02%	7.62%	8.55%
EBITDA	2,072	764.2	435.06	439.24	1,536
EBITDA Margin	9.93%	4.73%	3.47%	3.19%	8.23%
D&A For EBITDA	357.41	357.41	349.69	371.88	465.54
EBIT	1,715	406.79	85.37	67.36	1,071
EBIT Margin	8.21%	2.52%	0.68%	0.49%	5.74%
Effective Tax Rate	10.10%	39.36%	-	-	9.87%

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