HKG:2023 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	950.8	906.85	705.75	534.7	476.4	566.29
Revenue Growth (YoY)	11.55%	28.49%	31.99%	12.24%	-15.87%	37.26%
Cost of Revenue	804.79	765.01	572.64	451.33	347.81	385.27
Gross Profit	146.01	141.84	133.11	83.38	128.59	181.02
Selling, General & Admin	95.93	87.19	86.08	76.63	90.44	96.76
Other Operating Expenses	-6.95	-6.91	-12.99	-18.15	-4.81	-8.56
Operating Expenses	94.21	85.52	71.43	64.88	86.64	90.19
Operating Income	51.79	56.32	61.69	18.49	41.95	90.83
Interest Expense	-2.03	-8.68	-11.45	-13.66	-17.48	-18.53
Interest & Investment Income	0.67	0.88	0.46	0.63	0.58	1.94
Earnings From Equity Investments	0.4	0.41	0.13	0.2	-1.5	-3.65
Currency Exchange Gain (Loss)	13.24	13.27	4.26	15.14	-9.58	-14.63
Other Non Operating Income (Expenses)	0.01	0.01	-1.37	1.34	-2.87	-0.14
EBT Excluding Unusual Items	64.08	62.22	53.72	22.15	11.11	55.82
Gain (Loss) on Sale of Investments	-3.42	-3.42	-5.13	0.79	-5.39	-18.3
Asset Writedown	-	-	-	0.1	0.1	-0.7
Other Unusual Items	0.04	0.04	-0.09	1.7	34.24	16.29
Pretax Income	60.71	58.84	48.5	24.74	40.05	53.11
Income Tax Expense	7.82	7.56	4.94	2.69	4.82	12.68
Earnings From Continuing Operations	52.89	51.28	43.56	22.05	35.23	40.43
Minority Interest in Earnings	-0.02	0.02	0.02	0.27	0.27	0.09
Net Income	52.87	51.3	43.58	22.32	35.5	40.52
Net Income to Common	52.87	51.3	43.58	22.32	35.5	40.52
Net Income Growth	-3.78%	17.71%	95.24%	-37.11%	-12.39%	70.58%
Shares Outstanding (Basic)	492	492	492	492	492	492
Shares Outstanding (Diluted)	492	492	492	492	492	492
EPS (Basic)	0.11	0.10	0.09	0.05	0.07	0.08
EPS (Diluted)	0.11	0.10	0.09	0.05	0.07	0.08
EPS Growth	-1.03%	17.71%	95.24%	-37.11%	-12.39%	70.58%
Free Cash Flow	184.38	122.6	-79.17	-119.92	-124.46	-83.1
Free Cash Flow Per Share	0.38	0.25	-0.16	-0.24	-0.25	-0.17
Gross Margin	15.36%	15.64%	18.86%	15.59%	26.99%	31.97%
Operating Margin	5.45%	6.21%	8.74%	3.46%	8.81%	16.04%
Profit Margin	5.56%	5.66%	6.17%	4.17%	7.45%	7.16%
Free Cash Flow Margin	19.39%	13.52%	-11.22%	-22.43%	-26.13%	-14.67%
EBITDA	62.13	66.58	73.01	29.39	53.2	100.15
EBITDA Margin	6.53%	7.34%	10.34%	5.50%	11.17%	17.69%
D&A For EBITDA	10.34	10.26	11.32	10.9	11.25	9.32
EBIT	51.79	56.32	61.69	18.49	41.95	90.83
EBIT Margin	5.45%	6.21%	8.74%	3.46%	8.81%	16.04%
Effective Tax Rate	12.88%	12.84%	10.19%	10.85%	12.03%	23.87%
Advertising Expenses	-	-	-	-	-	0.59

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.