HKG:1940 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	1,375	1,314	1,491	1,482	1,209	1,187
Revenue Growth (YoY)	-3.45%	-11.91%	0.64%	22.52%	1.89%	-9.07%
Cost of Revenue	1,056	998.36	1,159	1,140	961.13	917.81
Gross Profit	318.53	315.25	332.1	341.85	248.14	269.01
Selling, General & Admin	44.04	49.6	56.28	84.18	97.42	55.32
Research & Development	73.25	66.25	73.6	75.34	51.5	50.07
Other Operating Expenses	-9.33	-6.99	-5.02	-0.76	-10.12	-0.55
Operating Expenses	121.27	111.94	140.23	166.9	138.8	104.84
Operating Income	197.26	203.31	191.87	174.95	109.34	164.17
Interest Expense	-19.54	-20.55	-25.65	-27.46	-29.84	-23.93
Interest & Investment Income	1.89	2.08	3.93	1.44	1.79	1.2
Currency Exchange Gain (Loss)	1.28	0.12	1.92	19.62	-0.41	-2.96
EBT Excluding Unusual Items	180.88	184.95	172.07	168.56	80.88	138.48
Gain (Loss) on Sale of Investments	-	-	-	-	-66.4	-
Gain (Loss) on Sale of Assets	9.85	9.85	-	-	-0.36	-1.16
Asset Writedown	-	-37.89	-19.31	-7.54	-	-15.63
Other Unusual Items	-	-	-	-	-	-118
Pretax Income	193.27	159.45	152.76	161.02	14.12	3.69
Income Tax Expense	40.41	29.41	24.69	48.28	40.93	31.39
Net Income	152.86	130.05	128.08	112.74	-26.82	-27.7
Net Income to Common	152.86	130.05	128.08	112.74	-26.82	-27.7
Net Income Growth	38.50%	1.54%	13.60%	-	-	-
Shares Outstanding (Basic)	1,200	1,200	1,200	1,200	1,200	902
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,200	1,200	902
Shares Change (YoY)	-	-	-	-	32.97%	0.70%
EPS (Basic)	0.13	0.11	0.11	0.09	-0.02	-0.03
EPS (Diluted)	0.13	0.11	0.11	0.09	-0.02	-0.03
EPS Growth	38.50%	1.54%	13.60%	-	-	-
Free Cash Flow	113.87	24.26	-67.97	82.54	0.47	-3.83
Free Cash Flow Per Share	0.10	0.02	-0.06	0.07	-	-0.00
Gross Margin	23.17%	24.00%	22.27%	23.07%	20.52%	22.67%
Operating Margin	14.35%	15.48%	12.87%	11.81%	9.04%	13.83%
Profit Margin	11.12%	9.90%	8.59%	7.61%	-2.22%	-2.33%
Free Cash Flow Margin	8.28%	1.85%	-4.56%	5.57%	0.04%	-0.32%
EBITDA	309.74	322.86	322.24	299.06	220.95	262.1
EBITDA Margin	22.53%	24.58%	21.61%	20.18%	18.27%	22.08%
D&A For EBITDA	112.49	119.55	130.37	124.11	111.61	97.93
EBIT	197.26	203.31	191.87	174.95	109.34	164.17
EBIT Margin	14.35%	15.48%	12.87%	11.81%	9.04%	13.83%
Effective Tax Rate	20.91%	18.44%	16.16%	29.98%	289.94%	851.08%

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