HKG:2450 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	252.72	236.17	290.62	407.71	370.33	506.38
Revenue Growth (YoY)	1.15%	-18.74%	-28.72%	10.09%	-26.87%	2.81%
Cost of Revenue	157.85	152.41	166.31	212.89	191.98	217.86
Gross Profit	94.87	83.76	124.31	194.82	178.35	288.52
Selling, General & Admin	23.72	22.65	30.65	19.41	18.19	10.91
Other Operating Expenses	-1.95	-1.11	-8.82	-6	-2.91	0.89
Operating Expenses	23.51	21.35	2.63	-12.39	9.21	44.82
Operating Income	71.35	62.41	121.68	207.21	169.14	243.71
Interest Expense	-83.5	-85.17	-62.11	-70.26	-53.62	-4.44
Interest & Investment Income	4.64	6.43	4.92	3.86	17.98	3
Currency Exchange Gain (Loss)	-	-	4.29	-	-	-
Other Non Operating Income (Expenses)	-0.7	-0.71	-0.79	-0.75	-0.73	-0.68
EBT Excluding Unusual Items	-8.2	-17.03	67.99	140.06	132.77	241.59
Asset Writedown	-13.35	-13.35	-	-	-	-
Other Unusual Items	-	-	-	-	-	2.05
Pretax Income	-21.55	-30.38	67.99	140.06	132.77	243.64
Income Tax Expense	4.59	3.49	10.06	35	33.88	61.13
Earnings From Continuing Operations	-26.15	-33.87	57.92	105.06	98.89	182.51
Minority Interest in Earnings	9.06	11.9	-20.43	-37.65	-34.19	-58.33
Net Income	-17.08	-21.97	37.49	67.41	64.71	124.19
Net Income to Common	-17.08	-21.97	37.49	67.41	64.71	124.19
Net Income Growth	-	-	-44.39%	4.18%	-47.90%	8.94%
Shares Outstanding (Basic)	264	264	261	198	198	-
Shares Outstanding (Diluted)	264	264	261	198	198	-
Shares Change (YoY)	0.26%	1.32%	31.60%	-	-	-
EPS (Basic)	-0.06	-0.08	0.14	0.34	0.33	-
EPS (Diluted)	-0.06	-0.08	0.14	0.34	0.33	-
EPS Growth	-	-	-58.82%	4.04%	-	-
Free Cash Flow	137.36	166.76	98.78	-141.75	-480.54	263.26
Free Cash Flow Per Share	0.52	0.63	0.38	-0.72	-2.43	-
Dividend Per Share	-	-	0.028	-	-	-
Gross Margin	37.54%	35.47%	42.77%	47.78%	48.16%	56.98%
Operating Margin	28.23%	26.43%	41.87%	50.82%	45.67%	48.13%
Profit Margin	-6.76%	-9.30%	12.90%	16.53%	17.47%	24.52%
Free Cash Flow Margin	54.35%	70.61%	33.99%	-34.77%	-129.76%	51.99%
EBITDA	154.83	127.65	178.84	266.22	218.65	299.17
EBITDA Margin	61.27%	54.05%	61.54%	65.30%	59.04%	59.08%
D&A For EBITDA	83.48	65.24	57.16	59.02	49.51	55.47
EBIT	71.35	62.41	121.68	207.21	169.14	243.71
EBIT Margin	28.23%	26.43%	41.87%	50.82%	45.67%	48.13%
Effective Tax Rate	-	-	14.80%	24.99%	25.52%	25.09%

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