Desun Real Estate Investment Services Group Co., Ltd. (HKG:2270)

HKG:2270 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	478.43	453.51	339.94	267.27	253.3	127.92
Revenue Growth (YoY)	21.34%	33.41%	27.19%	5.52%	98.01%	85.08%
Cost of Revenue	393.25	353.68	248.71	172.6	149.87	65.25
Gross Profit	85.18	99.83	91.23	94.67	103.43	62.67
Selling, General & Admin	39.79	49.74	62.69	48.18	63.54	18.52
Other Operating Expenses	1.29	1.14	0.57	1.53	1.81	0.26
Operating Expenses	49.43	53.21	45.62	74.34	67.99	18.44
Operating Income	35.75	46.62	45.61	20.33	35.44	44.23
Interest Expense	-13.97	-15.19	-9.47	-0.2	-0.11	-0.02
Interest & Investment Income	2.68	3.3	6.58	4.47	3.43	4.97
Earnings From Equity Investments	7.2	1.61	1.49	-0.11	-	-
Currency Exchange Gain (Loss)	0.65	0.65	1.47	12.69	0.31	-
Other Non Operating Income (Expenses)	-0.18	1.01	-2.21	-0.17	0.81	1.79
EBT Excluding Unusual Items	32.14	38	43.48	37.01	39.89	50.96
Merger & Restructuring Charges	-	-	-	-	-	-0.14
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.01
Asset Writedown	-0.92	-0.92	-	-	-	-
Other Unusual Items	7.2	7.2	2.47	-	0.42	-
Pretax Income	38.41	44.28	45.95	37.01	40.31	50.83
Income Tax Expense	4.34	6.38	5.95	3.45	7.37	7.92
Earnings From Continuing Operations	34.08	37.91	40.01	33.56	32.94	42.91
Minority Interest in Earnings	-1.78	-0.89	-0.8	0.04	0.5	0.02
Net Income	32.3	37.01	39.21	33.6	33.44	42.93
Net Income to Common	32.3	37.01	39.21	33.6	33.44	42.93
Net Income Growth	-24.45%	-5.59%	16.70%	0.47%	-22.10%	38.29%
Shares Outstanding (Basic)	555	569	619	615	456	450
Shares Outstanding (Diluted)	556	571	621	618	459	450
Shares Change (YoY)	-7.75%	-7.99%	0.50%	34.59%	2.00%	-
EPS (Basic)	0.06	0.07	0.06	0.05	0.07	0.10
EPS (Diluted)	0.06	0.07	0.06	0.05	0.07	0.10
EPS Growth	-18.12%	2.70%	16.50%	-25.38%	-23.58%	-
Free Cash Flow	57.19	57.24	-6.53	-32.09	17.16	38.99
Free Cash Flow Per Share	0.10	0.10	-0.01	-0.05	0.04	0.09
Dividend Per Share	-	-	-	0.048	-	-
Gross Margin	17.80%	22.01%	26.84%	35.42%	40.83%	48.99%
Operating Margin	7.47%	10.28%	13.42%	7.61%	13.99%	34.57%
Profit Margin	6.75%	8.16%	11.53%	12.57%	13.20%	33.56%
Free Cash Flow Margin	11.95%	12.62%	-1.92%	-12.01%	6.77%	30.48%
EBITDA	76.37	84.83	62.96	21.58	36.37	44.89
EBITDA Margin	15.96%	18.70%	18.52%	8.08%	14.36%	35.09%
D&A For EBITDA	40.62	38.21	17.34	1.26	0.93	0.66
EBIT	35.75	46.62	45.61	20.33	35.44	44.23
EBIT Margin	7.47%	10.28%	13.42%	7.61%	13.99%	34.57%
Effective Tax Rate	11.29%	14.40%	12.94%	9.33%	18.27%	15.57%

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