HKG:1851 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	400.68	372.69	354.86	286.19	226.74
Revenue Growth (YoY)	7.51%	5.02%	23.99%	26.22%	28.17%
Cost of Revenue	179.24	162.72	141.75	123.96	122.82
Gross Profit	221.44	209.96	213.11	162.24	103.92
Selling, General & Admin	54.58	59.28	56.35	57.11	55.37
Other Operating Expenses	-3.88	-4.52	-5.47	-4.3	-1.45
Operating Expenses	50.7	54.76	50.88	52.81	53.92
Operating Income	170.74	155.2	162.23	109.43	50
Interest Expense	-7.35	-3.48	-15.62	-29.12	-9.6
Interest & Investment Income	0.46	1.84	0.97	0.39	0.34
Currency Exchange Gain (Loss)	-0.83	0.28	1.25	4.59	-1.17
EBT Excluding Unusual Items	163.02	153.84	148.83	85.28	39.57
Gain (Loss) on Sale of Investments	0.16	-	-	-	-
Gain (Loss) on Sale of Assets	-0.13	-0.01	-0.07	-0.08	-0.1
Pretax Income	163.05	153.83	148.76	85.2	39.47
Income Tax Expense	0.48	0.63	0.73	0.2	0.79
Net Income	162.57	153.21	148.03	85.01	38.68
Net Income to Common	162.57	153.21	148.03	85.01	38.68
Net Income Growth	6.11%	3.50%	74.14%	119.75%	128.52%
Shares Outstanding (Basic)	500	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500	500
EPS (Basic)	0.33	0.31	0.30	0.17	0.08
EPS (Diluted)	0.33	0.31	0.30	0.17	0.08
EPS Growth	6.11%	3.50%	74.14%	119.75%	128.52%
Free Cash Flow	-	99.02	97.67	58.82	39.09
Free Cash Flow Per Share	-	0.20	0.20	0.12	0.08
Gross Margin	55.27%	56.34%	60.05%	56.69%	45.83%
Operating Margin	42.61%	41.64%	45.72%	38.23%	22.05%
Profit Margin	40.57%	41.11%	41.72%	29.70%	17.06%
Free Cash Flow Margin	-	26.57%	27.52%	20.55%	17.24%
EBITDA	214.34	198.8	204.32	145.06	81.72
EBITDA Margin	53.49%	53.34%	57.58%	50.69%	36.04%
D&A For EBITDA	43.6	43.6	42.09	35.63	31.72
EBIT	170.74	155.2	162.23	109.43	50
EBIT Margin	42.61%	41.64%	45.72%	38.23%	22.05%
Effective Tax Rate	0.29%	0.41%	0.49%	0.23%	1.99%

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