HKG:2451 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	5,634	5,072	5,083	4,783	3,418	2,378
Revenue Growth (YoY)	9.14%	-0.22%	6.27%	39.95%	43.70%	-
Cost of Revenue	4,852	4,407	4,402	4,222	3,031	2,092
Gross Profit	781.79	665.01	681.24	561.33	387.11	286.22
Selling, General & Admin	450.98	415.46	415.47	348.63	256.83	182.84
Research & Development	243.42	231.17	189.4	150.5	95.83	83.52
Other Operating Expenses	-65.92	-64.98	-44.34	3.46	-15.62	-6.62
Operating Expenses	628.47	581.66	560.53	502.58	337.04	259.74
Operating Income	153.32	83.35	120.71	58.75	50.07	26.48
Interest Expense	-20.67	-21.98	-21.98	-24.77	-15.38	-6.91
Interest & Investment Income	33.83	44.06	36.15	23.64	12.33	16.72
Earnings From Equity Investments	-2.18	-1.16	0.07	0.2	0.31	-0.02
Currency Exchange Gain (Loss)	-4.6	0.73	0.82	1.12	-0.02	-0.73
EBT Excluding Unusual Items	159.7	105	135.76	58.94	47.32	35.53
Gain (Loss) on Sale of Investments	16.16	20.23	15.59	26.43	14.86	8.67
Gain (Loss) on Sale of Assets	0.1	0.2	-0.21	1.73	-0.76	-1.9
Other Unusual Items	-	-	-	35.15	0.17	1.01
Pretax Income	175.95	125.43	151.14	122.25	61.59	43.32
Income Tax Expense	15.76	9.36	5.53	4.22	2.33	3.04
Earnings From Continuing Operations	160.2	116.07	145.61	118.03	59.26	40.28
Minority Interest in Earnings	0.69	0.69	-	-	-	0.01
Net Income	160.89	116.76	145.61	118.03	59.26	40.29
Net Income to Common	160.89	116.76	145.61	118.03	59.26	40.29
Net Income Growth	6.27%	-19.81%	23.36%	99.17%	47.07%	-
Shares Outstanding (Basic)	381	395	336	320	32	32
Shares Outstanding (Diluted)	392	403	338	320	32	32
Shares Change (YoY)	2.02%	19.26%	5.47%	900.00%	-	-
EPS (Basic)	0.42	0.30	0.43	0.37	1.85	1.26
EPS (Diluted)	0.41	0.29	0.43	0.37	1.85	1.26
EPS Growth	4.20%	-32.56%	16.58%	-80.08%	47.07%	-
Free Cash Flow	337.69	-436.49	57.32	285.56	-172.72	-90.65
Free Cash Flow Per Share	0.86	-1.08	0.17	0.89	-5.40	-2.83
Dividend Per Share	0.141	0.141	-	-	-	-
Gross Margin	13.88%	13.11%	13.40%	11.74%	11.33%	12.04%
Operating Margin	2.72%	1.64%	2.38%	1.23%	1.47%	1.11%
Profit Margin	2.86%	2.30%	2.86%	2.47%	1.73%	1.69%
Free Cash Flow Margin	5.99%	-8.61%	1.13%	5.97%	-5.05%	-3.81%
EBITDA	258.23	184.44	206.65	128.7	106.19	78.47
EBITDA Margin	4.58%	3.64%	4.07%	2.69%	3.11%	3.30%
D&A For EBITDA	104.91	101.08	85.95	69.95	56.12	51.99
EBIT	153.32	83.35	120.71	58.75	50.07	26.48
EBIT Margin	2.72%	1.64%	2.38%	1.23%	1.47%	1.11%
Effective Tax Rate	8.95%	7.46%	3.66%	3.45%	3.79%	7.01%
Advertising Expenses	-	106.28	110.29	79.52	79.58	30.51

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