HKG:2419 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	22,463	16,155	15,037	9,902	8,145
Revenue Growth (YoY)	39.04%	7.44%	51.87%	21.56%	-
Cost of Revenue	17,474	16,031	12,969	9,137	4,981
Gross Profit	4,989	124.46	2,068	764.1	3,164
Selling, General & Admin	1,685	1,398	1,138	962.25	770.38
Other Operating Expenses	-208.96	-280.36	-9.29	-155.2	-32.8
Operating Expenses	1,489	1,135	1,142	812.97	739.82
Operating Income	3,500	-1,010	925.69	-48.87	2,424
Interest Expense	-411.85	-441.52	-405.27	-312.24	-155.59
Interest & Investment Income	38.61	47.07	30.46	32.62	16.14
Earnings From Equity Investments	-0.94	-0.1	-16.38	-3.27	-0.35
Currency Exchange Gain (Loss)	7.46	-2.34	-	-	-
EBT Excluding Unusual Items	3,133	-1,407	534.49	-331.76	2,284
Gain (Loss) on Sale of Investments	13.02	6.04	5.94	13.31	19.34
Gain (Loss) on Sale of Assets	151.44	123.18	65.21	-98.72	10.64
Asset Writedown	904.31	-713.62	304.8	-2,754	1,295
Pretax Income	4,202	-1,992	910.44	-3,171	3,609
Income Tax Expense	0.09	0.36	0.68	1.99	0.67
Earnings From Continuing Operations	4,202	-1,992	909.76	-3,173	3,608
Minority Interest in Earnings	-100.15	217.01	83.11	175.36	-120.18
Net Income	4,102	-1,775	992.87	-2,997	3,488
Net Income to Common	4,102	-1,775	992.87	-2,997	3,488
Shares Outstanding (Basic)	389	364	362	360	358
Shares Outstanding (Diluted)	389	364	362	360	358
Shares Change (YoY)	6.87%	0.53%	0.53%	0.70%	-
EPS (Basic)	10.55	-4.88	2.74	-8.32	9.76
EPS (Diluted)	10.55	-4.88	2.74	-8.32	9.76
Free Cash Flow	4,389	-568.14	960.14	-2,156	-1,648
Free Cash Flow Per Share	11.29	-1.56	2.65	-5.99	-4.61
Dividend Per Share	0.900	-	-	-	-
Gross Margin	22.21%	0.77%	13.75%	7.72%	38.84%
Operating Margin	15.58%	-6.25%	6.16%	-0.49%	29.76%
Profit Margin	18.26%	-10.99%	6.60%	-30.27%	42.82%
Free Cash Flow Margin	19.54%	-3.52%	6.39%	-21.78%	-20.23%
EBITDA	4,130	-428.6	1,419	336.95	2,599
EBITDA Margin	18.38%	-2.65%	9.43%	3.40%	31.90%
D&A For EBITDA	629.92	581.89	492.82	385.81	174.63
EBIT	3,500	-1,010	925.69	-48.87	2,424
EBIT Margin	15.58%	-6.25%	6.16%	-0.49%	29.76%
Effective Tax Rate	0.00%	-	0.07%	-	0.02%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.