HKG:2502 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	2,942	3,102	2,330	2,255	1,480	1,079
Revenue Growth (YoY)	3.01%	33.12%	3.36%	52.38%	37.10%	-
Cost of Revenue	2,920	3,030	2,181	1,967	1,326	978.11
Gross Profit	22.36	71.64	148.8	287.68	153.12	101.13
Selling, General & Admin	59.63	61.21	49.74	46.93	31.57	30.4
Other Operating Expenses	10.36	10.36	4.22	5.53	11.68	4.54
Operating Expenses	69.98	71.57	53.96	52.46	43.25	34.94
Operating Income	-47.63	0.07	94.84	235.22	109.86	66.18
Interest Expense	-16.32	-16.47	-6.06	-8.02	-2.65	-8.56
Interest & Investment Income	5.45	10.53	5.2	3.73	3.68	3.76
Earnings From Equity Investments	-1.16	0.39	3.15	-	-	-
Currency Exchange Gain (Loss)	0.48	5.47	-0.1	-	-	-
Other Non Operating Income (Expenses)	6.16	11.09	1.94	2.63	-	-
EBT Excluding Unusual Items	-53	11.07	98.96	233.55	110.9	61.39
Gain (Loss) on Sale of Assets	-0.66	0.94	-0.07	-	0.01	-
Asset Writedown	-	-	-	-0	-	-
Pretax Income	-53.67	12.01	98.89	233.55	110.91	61.39
Income Tax Expense	-11.02	0.47	16.57	39.47	31.43	16.75
Earnings From Continuing Operations	-42.65	11.54	82.32	194.08	79.48	44.63
Minority Interest in Earnings	-23.86	-27.58	-27.4	-55.85	-7.01	-15.54
Net Income	-66.5	-16.04	54.93	138.23	72.47	29.09
Net Income to Common	-66.5	-16.04	54.93	138.23	72.47	29.09
Net Income Growth	-	-	-60.27%	90.74%	149.10%	-
Shares Outstanding (Basic)	956	956	612	536	-	-
Shares Outstanding (Diluted)	956	956	612	536	-	-
Shares Change (YoY)	16.29%	56.15%	14.17%	-	-	-
EPS (Basic)	-0.07	-0.02	0.09	0.26	-	-
EPS (Diluted)	-0.07	-0.02	0.09	0.26	-	-
EPS Growth	-	-	-65.20%	-	-	-
Free Cash Flow	-19.9	13.82	-43.95	200.43	67.16	1.62
Free Cash Flow Per Share	-0.02	0.01	-0.07	0.37	-	-
Dividend Per Share	-	-	0.020	-	-	-
Gross Margin	0.76%	2.31%	6.39%	12.76%	10.35%	9.37%
Operating Margin	-1.62%	0.00%	4.07%	10.43%	7.42%	6.13%
Profit Margin	-2.26%	-0.52%	2.36%	6.13%	4.90%	2.70%
Free Cash Flow Margin	-0.68%	0.45%	-1.89%	8.89%	4.54%	0.15%
EBITDA	29.36	77.03	150.51	294.84	168.5	115.65
EBITDA Margin	1.00%	2.48%	6.46%	13.08%	11.39%	10.72%
D&A For EBITDA	76.99	76.96	55.67	59.62	58.63	49.46
EBIT	-47.63	0.07	94.84	235.22	109.86	66.18
EBIT Margin	-1.62%	0.00%	4.07%	10.43%	7.42%	6.13%
Effective Tax Rate	-	3.91%	16.75%	16.90%	28.34%	27.29%
Advertising Expenses	-	-	-	-	1.29	1.77

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.