HKG:2429 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,758	2,919	2,672	2,519	2,676
Revenue Growth (YoY)	-5.49%	9.24%	6.07%	-5.87%	40.71%
Cost of Revenue	1,734	1,878	1,583	1,442	1,575
Gross Profit	1,025	1,041	1,089	1,077	1,101
Selling, General & Admin	1,078	1,146	1,339	1,283	1,201
Research & Development	15.03	24.98	29.02	31.56	36.76
Other Operating Expenses	-3.77	7.48	1.83	8.71	-1.34
Operating Expenses	1,089	1,178	1,370	1,323	1,236
Operating Income	-64.77	-137.14	-281.19	-246.65	-135.05
Interest Expense	-5.1	-6.42	-8.6	-13.33	-13.52
Interest & Investment Income	10.02	4.44	3.13	0.17	4.24
Earnings From Equity Investments	-0.36	-12.68	-5.94	-15.26	-4.09
Currency Exchange Gain (Loss)	-5.84	3.2	-2.34	-	-
EBT Excluding Unusual Items	-66.06	-148.61	-294.94	-275.07	-148.42
Impairment of Goodwill	-	-20.78	-	-	-
Gain (Loss) on Sale of Investments	5.32	-21.1	-0.8	3.1	-30.16
Gain (Loss) on Sale of Assets	-10.51	-1.35	-18.26	-5.41	-7.73
Other Unusual Items	-	-	-	5.12	1.7
Pretax Income	-71.25	-191.84	-314	-272.26	-184.62
Income Tax Expense	4.44	18.9	5.48	10.81	3.58
Earnings From Continuing Operations	-75.69	-210.74	-319.47	-283.07	-188.19
Minority Interest in Earnings	7	13.46	-7.82	-1.46	3.19
Net Income	-68.69	-197.28	-327.3	-284.53	-185
Net Income to Common	-68.69	-197.28	-327.3	-284.53	-185
Shares Outstanding (Basic)	862	780	761	757	757
Shares Outstanding (Diluted)	862	780	761	757	757
Shares Change (YoY)	10.52%	2.49%	0.48%	-	-
EPS (Basic)	-0.08	-0.25	-0.43	-0.38	-0.24
EPS (Diluted)	-0.08	-0.25	-0.43	-0.38	-0.24
Free Cash Flow	-	-24.49	57.61	8.17	-44.9
Free Cash Flow Per Share	-	-0.03	0.08	0.01	-0.06
Gross Margin	37.14%	35.67%	40.74%	42.74%	41.14%
Operating Margin	-2.35%	-4.70%	-10.52%	-9.79%	-5.05%
Profit Margin	-2.49%	-6.76%	-12.25%	-11.29%	-6.91%
Free Cash Flow Margin	-	-0.84%	2.16%	0.32%	-1.68%
EBITDA	18.94	-53.43	-136.4	-102.58	-33.02
EBITDA Margin	0.69%	-1.83%	-5.10%	-4.07%	-1.23%
D&A For EBITDA	83.71	83.71	144.79	144.07	102.04
EBIT	-64.77	-137.14	-281.19	-246.65	-135.05
EBIT Margin	-2.35%	-4.70%	-10.52%	-9.79%	-5.05%

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