HKG:1851 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	379.01	372.69	354.86	286.19	226.74	176.9
Revenue Growth (YoY)	1.70%	5.02%	23.99%	26.22%	28.17%	6.78%
Cost of Revenue	173.73	162.72	141.75	123.96	122.82	100.8
Gross Profit	205.28	209.96	213.11	162.24	103.92	76.11
Selling, General & Admin	58.91	59.28	56.35	57.11	55.37	52.52
Other Operating Expenses	-2.37	-4.52	-5.47	-4.3	-1.45	-2.26
Operating Expenses	56.55	54.76	50.88	52.81	53.92	50.25
Operating Income	148.74	155.2	162.23	109.43	50	25.85
Interest Expense	-2.67	-3.48	-15.62	-29.12	-9.6	-5.25
Interest & Investment Income	1.01	1.84	0.97	0.39	0.34	0.24
Currency Exchange Gain (Loss)	0.28	0.28	1.25	4.59	-1.17	-3.57
EBT Excluding Unusual Items	147.35	153.84	148.83	85.28	39.57	17.27
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.07	-0.08	-0.1	0.42
Pretax Income	147.34	153.83	148.76	85.2	39.47	17.69
Income Tax Expense	0.49	0.63	0.73	0.2	0.79	0.76
Net Income	146.86	153.21	148.03	85.01	38.68	16.93
Net Income to Common	146.86	153.21	148.03	85.01	38.68	16.93
Net Income Growth	-14.86%	3.50%	74.14%	119.75%	128.52%	-47.23%
Shares Outstanding (Basic)	500	500	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500	500	500
Shares Change (YoY)	-	-	-	-	-	1.18%
EPS (Basic)	0.29	0.31	0.30	0.17	0.08	0.03
EPS (Diluted)	0.29	0.31	0.30	0.17	0.08	0.03
EPS Growth	-14.86%	3.50%	74.14%	119.75%	128.52%	-47.84%
Free Cash Flow	106.37	99.02	97.67	58.82	39.09	-42.11
Free Cash Flow Per Share	0.21	0.20	0.20	0.12	0.08	-0.08
Gross Margin	54.16%	56.34%	60.05%	56.69%	45.83%	43.02%
Operating Margin	39.24%	41.64%	45.72%	38.23%	22.05%	14.61%
Profit Margin	38.75%	41.11%	41.72%	29.70%	17.06%	9.57%
Free Cash Flow Margin	28.07%	26.57%	27.52%	20.55%	17.24%	-23.80%
EBITDA	196.9	198.8	204.32	145.06	81.72	51.69
EBITDA Margin	51.95%	53.34%	57.58%	50.69%	36.04%	29.22%
D&A For EBITDA	48.16	43.6	42.09	35.63	31.72	25.83
EBIT	148.74	155.2	162.23	109.43	50	25.85
EBIT Margin	39.24%	41.64%	45.72%	38.23%	22.05%	14.61%
Effective Tax Rate	0.33%	0.41%	0.49%	0.23%	1.99%	4.29%

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