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	551.03	413.79	298.23	168.18
Gross Profit	1,071	740.64	502.28	249.91
Selling, General & Admin	459.43	336.91	224.79	129.84
Other Operating Expenses	129.98	83.97	56.87	32.7
Operating Expenses	889.16	647.37	431.3	278.98
Operating Income	182.17	93.27	70.98	-29.07
Interest Expense	-30.45	-27.46	-19.12	-16.81
Interest & Investment Income	4.16	3.21	3.33	2.34
Currency Exchange Gain (Loss)	-3.84	-	-	-
Other Non Operating Income (Expenses)	-22.47	3.2	9.34	4.7
EBT Excluding Unusual Items	129.57	72.22	64.53	-38.84
Gain (Loss) on Sale of Investments	-	0.26	0.06	0.01
Gain (Loss) on Sale of Assets	0.2	-0.15	-	-
Asset Writedown	-2.75	-1.59	-8.94	-9.44
Other Unusual Items	2.02	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	3.94	2.41	1.82	-1.43
Net Income to Common	102.19	58.29	44.09	-34.54
Net Income Growth	74.83%	32.20%	-	-
Shares Outstanding (Basic)	587	577	575	573
Shares Outstanding (Diluted)	593	585	580	579
Shares Change (YoY)	1.41%	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	323.83	216.22	184.38	73.98
Free Cash Flow Per Share	0.55	0.37	0.32	0.13
Dividend Per Share	0.030	0.020	-	-
Dividend Growth	50.00%	-	-	-
Gross Margin	66.03%	64.16%	62.74%	59.77%
Operating Margin	11.23%	8.08%	8.87%	-6.95%
Profit Margin	6.30%	5.05%	5.51%	-8.26%
Free Cash Flow Margin	19.96%	18.73%	23.03%	17.69%
EBITDA	236.94	129.05	94.03	-8.1
EBITDA Margin	14.60%	11.18%	11.75%	-1.94%
D&A For EBITDA	54.76	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	19.18	13.34	5.04	6.15

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