HKG:2502 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	2,599	3,102	2,330	2,255	1,480
Revenue Growth (YoY)	-16.23%	33.12%	3.36%	52.38%	37.10%
Cost of Revenue	2,568	3,030	2,181	1,967	1,326
Gross Profit	30.88	71.64	148.8	287.68	153.12
Selling, General & Admin	51.5	61.21	49.74	46.93	31.57
Other Operating Expenses	0.81	10.36	4.22	5.53	11.68
Operating Expenses	52.32	71.57	53.96	52.46	43.25
Operating Income	-21.44	0.07	94.84	235.22	109.86
Interest Expense	-14.42	-16.47	-6.06	-8.02	-2.65
Interest & Investment Income	4.48	10.53	5.2	3.73	3.68
Earnings From Equity Investments	-1.82	0.39	3.15	-	-
Currency Exchange Gain (Loss)	-0.23	5.47	-0.1	-	-
Other Non Operating Income (Expenses)	4.82	11.09	1.94	2.63	-
EBT Excluding Unusual Items	-28.61	11.07	98.96	233.55	110.9
Gain (Loss) on Sale of Assets	-1.6	0.94	-0.07	-	0.01
Asset Writedown	-	-	-	-0	-
Pretax Income	-30.21	12.01	98.89	233.55	110.91
Income Tax Expense	-12.68	0.47	16.57	39.47	31.43
Earnings From Continuing Operations	-17.53	11.54	82.32	194.08	79.48
Minority Interest in Earnings	-16.75	-27.58	-27.4	-55.85	-7.01
Net Income	-34.28	-16.04	54.93	138.23	72.47
Net Income to Common	-34.28	-16.04	54.93	138.23	72.47
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)	-	56.15%	14.17%	-	-
EPS (Basic)	-0.04	-0.02	0.09	0.26	-
EPS (Diluted)	-0.04	-0.02	0.09	0.26	-
EPS Growth	-	-	-65.20%	-	-
Free Cash Flow	81.21	13.82	-43.95	200.43	67.16
Free Cash Flow Per Share	0.09	0.01	-0.07	0.37	-
Dividend Per Share	-	-	0.020	-	-
Gross Margin	1.19%	2.31%	6.39%	12.76%	10.35%
Operating Margin	-0.83%	0.00%	4.07%	10.43%	7.42%
Profit Margin	-1.32%	-0.52%	2.36%	6.13%	4.90%
Free Cash Flow Margin	3.13%	0.45%	-1.89%	8.89%	4.54%
EBITDA	54.8	77.03	150.51	294.84	168.5
EBITDA Margin	2.11%	2.48%	6.46%	13.08%	11.39%
D&A For EBITDA	76.23	76.96	55.67	59.62	58.63
EBIT	-21.44	0.07	94.84	235.22	109.86
EBIT Margin	-0.83%	0.00%	4.07%	10.43%	7.42%
Effective Tax Rate	-	3.91%	16.75%	16.90%	28.34%
Advertising Expenses	-	-	-	-	1.29

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