HKG:1950 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	599.35	566.48	570.57	501.44	233.95
Revenue Growth (YoY)	5.80%	-0.72%	13.79%	114.34%	74.01%
Cost of Revenue	314.18	309.18	337.19	307.74	195.07
Gross Profit	285.17	257.3	233.38	193.7	38.88
Selling, General & Admin	253.29	215.66	198.25	108	32.14
Operating Expenses	284.13	222.64	202.31	110.24	32.62
Operating Income	1.04	34.66	31.07	83.46	6.26
Interest Expense	-1.79	-1.4	-0.69	-0.4	-
Interest & Investment Income	0.38	0.1	0.18	0.18	1.15
Earnings From Equity Investments	-0.1	-0.08	-0.08	-0.08	-0.04
Currency Exchange Gain (Loss)	0.02	0.04	0.06	0.13	3.04
Other Non Operating Income (Expenses)	3.45	4.17	3.24	1.21	1.73
EBT Excluding Unusual Items	2.99	37.49	33.78	84.5	12.13
Gain (Loss) on Sale of Investments	5.49	-1.99	1.85	-21	-13.46
Gain (Loss) on Sale of Assets	0.07	-0	0.01	-0.83	-0.15
Asset Writedown	-0.01	-	-	-0	-
Pretax Income	8.55	35.5	35.64	62.67	-1.48
Income Tax Expense	10.32	5.49	10.76	23.05	1.12
Earnings From Continuing Operations	-1.77	30.02	24.87	39.62	-2.6
Minority Interest in Earnings	4.27	0.02	-5.42	-17.77	-
Net Income	2.49	30.03	19.45	21.85	-2.6
Net Income to Common	2.49	30.03	19.45	21.85	-2.6
Net Income Growth	-91.70%	54.39%	-10.98%	-	-
Shares Outstanding (Basic)	720	720	473	256	229
Shares Outstanding (Diluted)	720	720	473	256	229
Shares Change (YoY)	-	52.17%	84.50%	11.86%	20.49%
EPS (Basic)	0.00	0.04	0.04	0.09	-0.01
EPS (Diluted)	0.00	0.04	0.04	0.09	-0.01
EPS Growth	-91.70%	1.46%	-51.75%	-	-
Free Cash Flow	-	-34.13	-273.61	-42.09	-32.23
Free Cash Flow Per Share	-	-0.05	-0.58	-0.16	-0.14
Gross Margin	47.58%	45.42%	40.90%	38.63%	16.62%
Operating Margin	0.17%	6.12%	5.45%	16.64%	2.67%
Profit Margin	0.42%	5.30%	3.41%	4.36%	-1.11%
Free Cash Flow Margin	-	-6.02%	-47.95%	-8.39%	-13.78%
EBITDA	12.62	46.25	40.68	90.38	12.93
EBITDA Margin	2.10%	8.16%	7.13%	18.02%	5.53%
D&A For EBITDA	11.58	11.58	9.61	6.93	6.67
EBIT	1.04	34.66	31.07	83.46	6.26
EBIT Margin	0.17%	6.12%	5.45%	16.64%	2.67%
Effective Tax Rate	120.76%	15.46%	30.20%	36.78%	-
Advertising Expenses	190.14	162.36	148.1	66.32	-

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