HKG:2190 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	898.46	782.48	527.75	334.09	177.91	27.63
Revenue Growth (YoY)	35.39%	48.27%	57.97%	87.78%	543.88%	461.95%
Cost of Revenue	256.36	222.58	142.77	81.42	46.03	11.34
Gross Profit	642.09	559.9	384.99	252.67	131.88	16.29
Selling, General & Admin	283.39	265.76	277.92	249.47	195.87	51.45
Research & Development	253.28	233.23	261.01	233.46	168.1	72.07
Other Operating Expenses	5.34	1.36	1.6	-6.78	-13.94	-9.88
Operating Expenses	542.05	500.39	540.54	476.18	350.05	113.63
Operating Income	100.04	59.51	-155.55	-223.51	-218.17	-97.34
Interest Expense	-	-	-	-0.72	-0.31	-0.67
Interest & Investment Income	58.93	65.17	77.79	95.57	13.09	0.36
Earnings From Equity Investments	-	-1.1	-	-	-	-
Currency Exchange Gain (Loss)	-0.21	1.51	-0.26	19.63	-8.28	-4.47
Other Non Operating Income (Expenses)	21.68	11.43	8.4	-	-	-
EBT Excluding Unusual Items	180.44	136.51	-69.63	-109.04	-213.66	-102.12
Gain (Loss) on Sale of Investments	-27.69	-36.21	-8.51	4.81	13.95	1.62
Gain (Loss) on Sale of Assets	-0.16	-0.05	-0.59	-9.32	0.02	0.03
Pretax Income	152.59	100.26	-78.73	-113.56	-199.69	-100.47
Net Income	152.59	100.26	-78.73	-113.56	-199.69	-100.47
Net Income to Common	152.59	100.26	-78.73	-113.56	-199.69	-100.47
Shares Outstanding (Basic)	321	323	329	330	295	195
Shares Outstanding (Diluted)	327	328	329	330	295	195
Shares Change (YoY)	-0.26%	-0.22%	-0.51%	12.15%	51.26%	9.59%
EPS (Basic)	0.48	0.31	-0.24	-0.34	-0.68	-0.52
EPS (Diluted)	0.46	0.31	-0.24	-0.34	-0.68	-0.52
Free Cash Flow	102.2	-17.26	-92.48	-226.06	-194.32	-127.47
Free Cash Flow Per Share	0.31	-0.05	-0.28	-0.68	-0.66	-0.65
Dividend Per Share	0.102	0.102	-	-	-	-
Gross Margin	71.47%	71.55%	72.95%	75.63%	74.13%	58.95%
Operating Margin	11.13%	7.61%	-29.48%	-66.90%	-122.63%	-352.29%
Profit Margin	16.98%	12.81%	-14.92%	-33.99%	-112.24%	-363.61%
Free Cash Flow Margin	11.38%	-2.21%	-17.52%	-67.66%	-109.22%	-461.34%
EBITDA	134.46	92.18	-126.44	-203.47	-208.49	-90.72
EBITDA Margin	14.97%	11.78%	-23.96%	-60.90%	-117.18%	-
D&A For EBITDA	34.42	32.67	29.11	20.04	9.68	6.62
EBIT	100.04	59.51	-155.55	-223.51	-218.17	-97.34
EBIT Margin	11.13%	7.61%	-29.48%	-66.90%	-122.63%	-

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