HKG:2506 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
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
Revenue	803.33	733.98	556.13	471.86	372.45
Revenue Growth (YoY)	35.97%	31.98%	17.86%	26.69%	-
Cost of Revenue	366.58	329.9	241.47	241.19	184.72
Gross Profit	436.75	404.08	314.65	230.67	187.73
Selling, General & Admin	305.49	287.99	275.62	269.27	160
Research & Development	251.1	271.89	263.96	241.58	159.79
Operating Expenses	563.77	572.27	545.41	519.6	319.94
Operating Income	-127.02	-168.19	-230.75	-288.93	-132.21
Interest Expense	-8.87	-6.14	-1.21	-0.59	-2.9
Interest & Investment Income	6.42	6.42	7.96	3.14	1.81
Other Non Operating Income (Expenses)	20.29	-4.43	36.22	39.55	22.47
EBT Excluding Unusual Items	-109.19	-172.34	-187.79	-246.84	-110.83
Gain (Loss) on Sale of Investments	0.32	0.32	0.9	2.73	-
Gain (Loss) on Sale of Assets	-0.02	-0.02	-0.03	0.01	-0.14
Other Unusual Items	0.03	0.03	-	-	-
Pretax Income	-108.86	-172.02	-186.92	-244.1	-110.97
Income Tax Expense	-22.69	-34.38	-32.69	-35.51	-21.57
Earnings From Continuing Operations	-86.17	-137.64	-154.22	-208.6	-89.4
Minority Interest in Earnings	9.14	5.04	9.38	19.2	5.69
Net Income	-77.03	-132.6	-144.84	-189.4	-83.71
Net Income to Common	-77.03	-132.6	-144.84	-189.4	-83.71
Shares Outstanding (Basic)	117	114	111	111	93
Shares Outstanding (Diluted)	117	114	111	111	93
Shares Change (YoY)	4.30%	2.47%	0.11%	18.89%	-
EPS (Basic)	-0.66	-1.16	-1.30	-1.71	-0.90
EPS (Diluted)	-0.66	-1.16	-1.30	-1.71	-0.90
Free Cash Flow	-	-142.2	-325.13	-119.92	-58.74
Free Cash Flow Per Share	-	-1.25	-2.93	-1.08	-0.63
Gross Margin	54.37%	55.05%	56.58%	48.88%	50.40%
Operating Margin	-15.81%	-22.91%	-41.49%	-61.23%	-35.50%
Profit Margin	-9.59%	-18.07%	-26.05%	-40.14%	-22.48%
Free Cash Flow Margin	-	-19.37%	-58.46%	-25.41%	-15.77%
EBITDA	-94.83	-136.18	-204.54	-250.68	-102.64
EBITDA Margin	-11.80%	-18.55%	-36.78%	-53.13%	-27.56%
D&A For EBITDA	32.19	32.01	26.21	38.26	29.57
EBIT	-127.02	-168.19	-230.75	-288.93	-132.21
EBIT Margin	-15.81%	-22.91%	-41.49%	-61.23%	-35.50%
Advertising Expenses	-	-	-	8.14	3.44

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