HKG:2408 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,622	1,154	800.51	418.1
Revenue Growth (YoY)	40.53%	44.21%	91.47%	-
Cost of Revenue	544.87	413.79	298.23	168.18
Gross Profit	1,077	740.64	502.28	249.91
Selling, General & Admin	459.43	336.91	224.79	129.84
Other Operating Expenses	136.14	83.97	56.87	32.7
Operating Expenses	895.32	647.37	431.3	278.98
Operating Income	182.17	93.27	70.98	-29.07
Interest Expense	-30.83	-27.46	-19.12	-16.81
Interest & Investment Income	-	2.7	2.79	2.03
Other Non Operating Income (Expenses)	-19.54	3.57	10.81	5.55
EBT Excluding Unusual Items	131.8	72.08	65.46	-38.3
Merger & Restructuring Charges	-	-0.52	-1.46	-0.86
Gain (Loss) on Sale of Investments	-	0.77	0.6	0.32
Asset Writedown	-2.75	-1.59	-8.94	-9.44
Other Unusual Items	-	4.14	1.48	0.13
Pretax Income	129.05	74.88	57.14	-48.15
Income Tax Expense	22.92	14.18	11.22	-12.17
Net Income	106.12	60.7	45.91	-35.97
Preferred Dividends & Other Adjustments	-	2.41	1.82	-1.43
Net Income to Common	106.12	58.29	44.09	-34.54
Net Income Growth	74.83%	32.20%	-	-
Shares Outstanding (Basic)	610	577	575	573
Shares Outstanding (Diluted)	616	585	580	579
Shares Change (YoY)	5.33%	0.92%	0.20%	-
EPS (Basic)	0.17	0.10	0.08	-0.06
EPS (Diluted)	0.17	0.10	0.08	-0.06
EPS Growth	72.89%	31.05%	-	-
Free Cash Flow	-	216.22	184.38	73.98
Free Cash Flow Per Share	-	0.37	0.32	0.13
Gross Margin	66.42%	64.16%	62.74%	59.77%
Operating Margin	11.23%	8.08%	8.87%	-6.95%
Profit Margin	6.54%	5.05%	5.51%	-8.26%
Free Cash Flow Margin	-	18.73%	23.03%	17.69%
EBITDA	217.95	129.05	94.03	-8.1
EBITDA Margin	13.43%	11.18%	11.75%	-1.94%
D&A For EBITDA	35.78	35.78	23.05	20.98
EBIT	182.17	93.27	70.98	-29.07
EBIT Margin	11.23%	8.08%	8.87%	-6.95%
Effective Tax Rate	17.76%	18.94%	19.64%	-
Advertising Expenses	-	13.34	5.04	6.15

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