HKG:2050 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	30,589	27,123	23,942	20,495	15,320	11,665	Upgrade
Other Revenue	824.16	824.16	615.74	853.05	700.65	444.46	Upgrade
Revenue	31,414	27,947	24,558	21,348	16,021	12,110	Upgrade
Revenue Growth (YoY)	20.15%	13.80%	15.04%	33.25%	32.30%	7.29%	Upgrade
Cost of Revenue	22,718	20,305	17,815	15,875	11,959	8,797	Upgrade
Gross Profit	8,695	7,642	6,743	5,473	4,062	3,313	Upgrade
Selling, General & Admin	2,399	2,494	2,074	1,780	1,325	1,129	Upgrade
Research & Development	1,463	1,352	1,097	988.95	751.14	518.4	Upgrade
Other Operating Expenses	6.71	66.36	45.48	77.98	62.69	61.77	Upgrade
Operating Expenses	3,841	3,968	3,268	2,944	2,196	1,738	Upgrade
Operating Income	4,854	3,674	3,475	2,529	1,866	1,575	Upgrade
Interest Expense	-46.19	-152.27	-212.08	-233.21	-146.89	-64.73	Upgrade
Interest & Investment Income	27.65	130.32	159.15	188.13	304.72	141.31	Upgrade
Currency Exchange Gain (Loss)	83.15	83.15	133.52	228.84	-95.99	-112.68	Upgrade
Other Non Operating Income (Expenses)	-112.27	-8.12	-7.83	-6.22	-4.37	-3.68	Upgrade
EBT Excluding Unusual Items	4,806	3,727	3,548	2,706	1,923	1,535	Upgrade
Impairment of Goodwill	-6.79	-6.79	-0.81	-	-31.96	-	Upgrade
Gain (Loss) on Sale of Investments	-17.22	-116.31	-83.33	-192.09	3.22	31.85	Upgrade
Gain (Loss) on Sale of Assets	0.86	3.02	8.74	459.76	-0.39	-0.49	Upgrade
Asset Writedown	-46.14	-38.49	-23.26	-14.39	-16.21	-10.41	Upgrade
Other Unusual Items	102.56	123.53	104.13	91.85	98.55	135.97	Upgrade
Pretax Income	4,840	3,692	3,553	3,051	1,977	1,692	Upgrade
Income Tax Expense	758.27	579.96	619.55	443.21	271.8	218.7	Upgrade
Earnings From Continuing Operations	4,081	3,112	2,934	2,608	1,705	1,473	Upgrade
Minority Interest in Earnings	-41.73	-12.56	-12.72	-34.71	-20.78	-11.16	Upgrade
Net Income	4,040	3,099	2,921	2,573	1,684	1,462	Upgrade
Net Income to Common	4,040	3,099	2,921	2,573	1,684	1,462	Upgrade
Net Income Growth	31.87%	6.10%	13.51%	52.81%	15.17%	2.88%	Upgrade
Shares Outstanding (Basic)	3,763	3,699	3,606	3,574	3,583	3,566	Upgrade
Shares Outstanding (Diluted)	3,771	3,707	3,606	3,574	3,583	3,566	Upgrade
Shares Change (YoY)	2.17%	2.79%	0.90%	-0.25%	0.47%	0.37%	Upgrade
EPS (Basic)	1.07	0.84	0.81	0.72	0.47	0.41	Upgrade
EPS (Diluted)	1.07	0.84	0.81	0.72	0.47	0.41	Upgrade
EPS Growth	29.34%	3.45%	12.50%	53.19%	14.63%	2.50%	Upgrade
Free Cash Flow	2,428	1,076	978.5	-432.14	-396.19	937.98	Upgrade
Free Cash Flow Per Share	0.64	0.29	0.27	-0.12	-0.11	0.26	Upgrade
Dividend Per Share	0.250	0.350	0.300	0.300	0.150	0.350	Upgrade
Dividend Growth	-28.57%	16.67%	-	100.00%	-57.14%	203.29%	Upgrade
Gross Margin	27.68%	27.35%	27.46%	25.64%	25.35%	27.36%	Upgrade
Operating Margin	15.45%	13.15%	14.15%	11.85%	11.65%	13.00%	Upgrade
Profit Margin	12.86%	11.09%	11.89%	12.05%	10.51%	12.07%	Upgrade
Free Cash Flow Margin	7.73%	3.85%	3.98%	-2.02%	-2.47%	7.75%	Upgrade
EBITDA	5,764	4,536	4,273	3,094	2,346	1,994	Upgrade
EBITDA Margin	18.35%	16.23%	17.40%	14.49%	14.64%	16.46%	Upgrade
D&A For EBITDA	910.13	862.19	798.27	565.19	480.06	419	Upgrade
EBIT	4,854	3,674	3,475	2,529	1,866	1,575	Upgrade
EBIT Margin	15.45%	13.15%	14.15%	11.85%	11.65%	13.00%	Upgrade
Effective Tax Rate	15.67%	15.71%	17.44%	14.52%	13.75%	12.93%	Upgrade
Revenue as Reported	7,384	27,947	24,558	21,348	16,021	12,110	Upgrade
Advertising Expenses	-	30.74	24.04	17.67	12.06	12.8	Upgrade

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