HKG:2337 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	6,967	7,724	7,347	6,089	5,830	3,481
Revenue Growth (YoY)	-12.94%	5.14%	20.65%	4.45%	67.47%	-11.94%
Cost of Revenue	6,588	7,284	6,925	5,696	5,217	3,011
Gross Profit	379.12	439.85	422.26	393.1	612.72	470.29
Selling, General & Admin	154.63	159.09	158.53	154.86	161.69	136.08
Other Operating Expenses	89.83	93.52	83.23	72.21	87.79	54.94
Operating Expenses	304.92	317.25	311.32	306.71	321.16	262.5
Operating Income	74.2	122.6	110.94	86.39	291.56	207.78
Interest Expense	-29.11	-29.74	-34.39	-36.27	-41.9	-26.85
Interest & Investment Income	0.62	1.02	1.19	0.66	0.41	0.44
Earnings From Equity Investments	1.43	1.2	-15.14	-13.82	1	2.29
Currency Exchange Gain (Loss)	-	-	-	0	-0.13	-0.22
EBT Excluding Unusual Items	47.14	95.09	62.61	36.97	250.94	183.44
Merger & Restructuring Charges	-	-	-	-	-	-12.52
Gain (Loss) on Sale of Assets	-0.22	-0.77	1.46	-0.1	1.18	-0.1
Pretax Income	46.92	94.31	64.07	36.87	252.12	170.81
Income Tax Expense	10.04	23.66	20.77	17.92	70.2	46.45
Earnings From Continuing Operations	36.88	70.66	43.3	18.95	181.92	124.36
Minority Interest in Earnings	-3.34	-2.87	-3.82	-2.42	-5.3	-1.08
Net Income	33.54	67.79	39.49	16.53	176.62	123.28
Net Income to Common	33.54	67.79	39.49	16.53	176.62	123.28
Net Income Growth	-44.12%	71.67%	138.89%	-90.64%	43.26%	-9.11%
Shares Outstanding (Basic)	375	375	375	375	375	349
Shares Outstanding (Diluted)	375	375	375	375	375	349
Shares Change (YoY)	-	-	-	-	7.40%	4.25%
EPS (Basic)	0.09	0.18	0.11	0.04	0.47	0.35
EPS (Diluted)	0.09	0.18	0.11	0.04	0.47	0.35
EPS Growth	-44.12%	71.67%	138.90%	-90.64%	33.40%	-12.82%
Free Cash Flow	116.63	3.68	-13.42	81.39	39.22	138.8
Free Cash Flow Per Share	0.31	0.01	-0.04	0.22	0.10	0.40
Dividend Per Share	0.038	0.038	-	-	0.022	0.045
Dividend Growth	-	-	-	-	-51.63%	-41.03%
Gross Margin	5.44%	5.69%	5.75%	6.46%	10.51%	13.51%
Operating Margin	1.06%	1.59%	1.51%	1.42%	5.00%	5.97%
Profit Margin	0.48%	0.88%	0.54%	0.27%	3.03%	3.54%
Free Cash Flow Margin	1.67%	0.05%	-0.18%	1.34%	0.67%	3.99%
EBITDA	95.64	145.29	138.21	115.28	319.1	244.5
EBITDA Margin	1.37%	1.88%	1.88%	1.89%	5.47%	7.02%
D&A For EBITDA	21.44	22.68	27.27	28.88	27.53	36.72
EBIT	74.2	122.6	110.94	86.39	291.56	207.78
EBIT Margin	1.06%	1.59%	1.51%	1.42%	5.00%	5.97%
Effective Tax Rate	21.39%	25.08%	32.41%	48.60%	27.84%	27.19%

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