HKG:1940 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	1,529	1,314	1,491	1,482	1,209
Revenue Growth (YoY)	16.41%	-11.91%	0.64%	22.52%	1.89%
Cost of Revenue	1,150	998.36	1,159	1,140	961.13
Gross Profit	378.95	315.25	332.1	341.85	248.14
Selling, General & Admin	44	49.6	56.28	84.18	97.42
Research & Development	81.2	66.25	73.6	75.34	51.5
Other Operating Expenses	-14.53	-6.99	-5.02	-0.76	-10.12
Operating Expenses	118.18	111.94	140.23	166.9	138.8
Operating Income	260.77	203.31	191.87	174.95	109.34
Interest Expense	-14.89	-20.55	-25.65	-27.46	-29.84
Interest & Investment Income	1.97	2.08	3.93	1.44	1.79
Currency Exchange Gain (Loss)	-0.07	0.12	1.92	19.62	-0.41
EBT Excluding Unusual Items	247.78	184.95	172.07	168.56	80.88
Gain (Loss) on Sale of Investments	-	-	-	-	-66.4
Gain (Loss) on Sale of Assets	-4.33	9.85	-	-	-0.36
Asset Writedown	-41.66	-37.89	-19.31	-7.54	-
Pretax Income	201.79	159.45	152.76	161.02	14.12
Income Tax Expense	45.52	29.41	24.69	48.28	40.93
Net Income	156.27	130.05	128.08	112.74	-26.82
Net Income to Common	156.27	130.05	128.08	112.74	-26.82
Net Income Growth	20.16%	1.54%	13.60%	-	-
Shares Outstanding (Basic)	1,200	1,200	1,200	1,200	1,200
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,200	1,200
Shares Change (YoY)	-	-	-	-	32.97%
EPS (Basic)	0.13	0.11	0.11	0.09	-0.02
EPS (Diluted)	0.13	0.11	0.11	0.09	-0.02
EPS Growth	19.96%	1.54%	13.60%	-	-
Free Cash Flow	-	24.26	-67.97	82.54	0.47
Free Cash Flow Per Share	-	0.02	-0.06	0.07	-
Gross Margin	24.78%	24.00%	22.27%	23.07%	20.52%
Operating Margin	17.05%	15.48%	12.87%	11.81%	9.04%
Profit Margin	10.22%	9.90%	8.59%	7.61%	-2.22%
Free Cash Flow Margin	-	1.85%	-4.56%	5.57%	0.04%
EBITDA	380.32	322.86	322.24	299.06	220.95
EBITDA Margin	24.87%	24.58%	21.61%	20.18%	18.27%
D&A For EBITDA	119.55	119.55	130.37	124.11	111.61
EBIT	260.77	203.31	191.87	174.95	109.34
EBIT Margin	17.05%	15.48%	12.87%	11.81%	9.04%
Effective Tax Rate	22.56%	18.44%	16.16%	29.98%	289.94%

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