HKG:2451 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	5,907	5,072	5,083	4,783	3,418
Revenue Growth (YoY)	16.46%	-0.22%	6.27%	39.95%	43.70%
Cost of Revenue	5,093	4,407	4,402	4,222	3,031
Gross Profit	813.58	665.01	681.24	561.33	387.11
Selling, General & Admin	472.86	415.46	415.47	348.63	256.83
Research & Development	240.22	231.17	189.4	150.5	95.83
Other Operating Expenses	-55.4	-64.98	-44.34	3.46	-15.62
Operating Expenses	657.68	581.66	560.53	502.58	337.04
Operating Income	155.9	83.35	120.71	58.75	50.07
Interest Expense	-20.56	-21.98	-21.98	-24.77	-15.38
Interest & Investment Income	35.68	44.06	36.15	23.64	12.33
Earnings From Equity Investments	-1.76	-1.16	0.07	0.2	0.31
Currency Exchange Gain (Loss)	-0.37	0.73	0.82	1.12	-0.02
EBT Excluding Unusual Items	168.89	105	135.76	58.94	47.32
Gain (Loss) on Sale of Investments	18.89	20.23	15.59	26.43	14.86
Gain (Loss) on Sale of Assets	-0.88	0.2	-0.21	1.73	-0.76
Other Unusual Items	-	-	-	35.15	0.17
Pretax Income	186.9	125.43	151.14	122.25	61.59
Income Tax Expense	11.8	9.36	5.53	4.22	2.33
Earnings From Continuing Operations	175.1	116.07	145.61	118.03	59.26
Minority Interest in Earnings	-	0.69	-	-	-
Net Income	175.1	116.76	145.61	118.03	59.26
Net Income to Common	175.1	116.76	145.61	118.03	59.26
Net Income Growth	49.97%	-19.81%	23.36%	99.17%	47.07%
Shares Outstanding (Basic)	381	395	336	320	32
Shares Outstanding (Diluted)	398	403	338	320	32
Shares Change (YoY)	-1.22%	19.26%	5.47%	900.00%	-
EPS (Basic)	0.46	0.30	0.43	0.37	1.85
EPS (Diluted)	0.44	0.29	0.43	0.37	1.85
EPS Growth	51.72%	-32.56%	16.58%	-80.08%	47.07%
Free Cash Flow	-	-436.49	57.32	285.56	-172.72
Free Cash Flow Per Share	-	-1.08	0.17	0.89	-5.40
Dividend Per Share	-	0.141	-	-	-
Gross Margin	13.77%	13.11%	13.40%	11.74%	11.33%
Operating Margin	2.64%	1.64%	2.38%	1.23%	1.47%
Profit Margin	2.96%	2.30%	2.86%	2.47%	1.73%
Free Cash Flow Margin	-	-8.61%	1.13%	5.97%	-5.05%
EBITDA	256.98	184.44	206.65	128.7	106.19
EBITDA Margin	4.35%	3.64%	4.07%	2.69%	3.11%
D&A For EBITDA	101.08	101.08	85.95	69.95	56.12
EBIT	155.9	83.35	120.71	58.75	50.07
EBIT Margin	2.64%	1.64%	2.38%	1.23%	1.47%
Effective Tax Rate	6.31%	7.46%	3.66%	3.45%	3.79%
Advertising Expenses	98.48	106.28	110.29	79.52	79.58

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