HKG:2025 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	1,076	956.85	718.49	600.49	679.76	433.48
Revenue Growth (YoY)	33.25%	33.18%	19.65%	-11.66%	56.82%	22.09%
Cost of Revenue	963.87	855.57	630.78	503.02	561.54	326.98
Gross Profit	112.19	101.29	87.71	97.47	118.22	106.49
Selling, General & Admin	98.98	95.1	85.46	83.43	85.23	65.86
Other Operating Expenses	-18.08	-25.25	-15.75	-23.09	-24.94	-21.84
Operating Expenses	80.34	69.28	64.36	66.18	70.48	59.6
Operating Income	31.86	32.01	23.35	31.29	47.74	46.89
Interest Expense	-11.69	-10.59	-9.77	-8.06	-6.39	-6.21
Interest & Investment Income	1.02	0.24	0.06	0.24	0.64	0.18
Other Non Operating Income (Expenses)	-0.13	-0.07	-0.24	-0.19	-0.06	-1.3
EBT Excluding Unusual Items	21.05	21.59	13.4	23.28	41.94	39.57
Gain (Loss) on Sale of Assets	7.3	-0.13	-0.65	-0.13	0.08	-0.04
Pretax Income	28.36	21.46	12.76	23.16	42.02	39.53
Income Tax Expense	5.75	2.14	1.49	2.75	5.45	5.93
Net Income	22.61	19.32	11.27	20.41	36.57	33.6
Net Income to Common	22.61	19.32	11.27	20.41	36.57	33.6
Net Income Growth	69.35%	71.46%	-44.80%	-44.18%	8.84%	11.57%
Shares Outstanding (Basic)	800	800	800	800	800	800
Shares Outstanding (Diluted)	800	800	800	800	800	800
EPS (Basic)	0.03	0.02	0.01	0.03	0.05	0.04
EPS (Diluted)	0.03	0.02	0.01	0.03	0.05	0.04
EPS Growth	69.35%	71.46%	-44.80%	-44.18%	8.84%	11.58%
Free Cash Flow	-91.22	-58.27	27.57	-69.71	16.26	-28.41
Free Cash Flow Per Share	-0.11	-0.07	0.03	-0.09	0.02	-0.04
Dividend Per Share	0.019	0.019	0.027	0.015	0.024	0.017
Dividend Growth	40.79%	-30.98%	81.08%	-38.47%	45.12%	-
Gross Margin	10.43%	10.59%	12.21%	16.23%	17.39%	24.57%
Operating Margin	2.96%	3.35%	3.25%	5.21%	7.02%	10.82%
Profit Margin	2.10%	2.02%	1.57%	3.40%	5.38%	7.75%
Free Cash Flow Margin	-8.48%	-6.09%	3.84%	-11.61%	2.39%	-6.55%
EBITDA	145.56	137.08	121.99	117.14	111.98	109.6
EBITDA Margin	13.53%	14.33%	16.98%	19.51%	16.47%	25.28%
D&A For EBITDA	113.7	105.07	98.64	85.85	64.24	62.71
EBIT	31.86	32.01	23.35	31.29	47.74	46.89
EBIT Margin	2.96%	3.35%	3.25%	5.21%	7.02%	10.82%
Effective Tax Rate	20.27%	9.98%	11.66%	11.86%	12.96%	15.01%

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