HKG:2512 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	943.5	707.63	695.95	548.75	464.28
Revenue Growth (YoY)	33.33%	1.68%	26.82%	18.20%	-
Cost of Revenue	847.48	618.01	608.31	479.81	407.84
Gross Profit	96.01	89.62	87.64	68.94	56.44
Selling, General & Admin	43.63	51.89	43.83	34.55	25.61
Research & Development	33.14	23.82	22.23	23.57	17.02
Other Operating Expenses	-	-	-	0.41	0.18
Operating Expenses	79.14	76.4	70.21	59.01	42.71
Operating Income	16.87	13.23	17.43	9.94	13.73
Interest Expense	-10.18	-8.55	-3.99	-2.36	-2.29
Interest & Investment Income	6.12	5.65	0.21	0.09	0.04
Other Non Operating Income (Expenses)	1.05	-0.24	-0.09	-0.39	-0.18
EBT Excluding Unusual Items	13.85	10.1	13.57	7.28	11.31
Gain (Loss) on Sale of Assets	0.01	0.01	0.04	0.22	-
Other Unusual Items	-	3.73	1.06	0.17	3.43
Pretax Income	13.86	13.83	14.67	7.66	14.73
Income Tax Expense	2.1	1.46	0.45	-0.37	2.05
Earnings From Continuing Operations	11.76	12.37	14.22	8.03	12.69
Minority Interest in Earnings	-0.22	-0.28	-0.3	-	-
Net Income	11.55	12.09	13.92	8.03	12.69
Net Income to Common	11.55	12.09	13.92	8.03	12.69
Net Income Growth	-4.48%	-13.16%	73.30%	-36.66%	-
Shares Outstanding (Basic)	471	422	375	-	-
Shares Outstanding (Diluted)	471	422	375	-	-
Shares Change (YoY)	11.73%	12.42%	-	-	-
EPS (Basic)	0.02	0.03	0.04	-	-
EPS (Diluted)	0.02	0.03	0.04	-	-
EPS Growth	-14.51%	-22.75%	-	-	-
Free Cash Flow	-	-254.91	21.21	8.28	62.6
Free Cash Flow Per Share	-	-0.60	0.06	-	-
Gross Margin	10.18%	12.67%	12.59%	12.56%	12.16%
Operating Margin	1.79%	1.87%	2.50%	1.81%	2.96%
Profit Margin	1.22%	1.71%	2.00%	1.46%	2.73%
Free Cash Flow Margin	-	-36.02%	3.05%	1.51%	13.48%
EBITDA	22.61	18.97	20.31	11.64	14.7
EBITDA Margin	2.40%	2.68%	2.92%	2.12%	3.16%
D&A For EBITDA	5.74	5.74	2.88	1.7	0.97
EBIT	16.87	13.23	17.43	9.94	13.73
EBIT Margin	1.79%	1.87%	2.50%	1.81%	2.96%
Effective Tax Rate	15.14%	10.55%	3.05%	-	13.90%
Advertising Expenses	-	-	-	-	0.2

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