HKG:2512 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	744.69	707.63	695.95	548.75	464.28
Revenue Growth (YoY)	-2.50%	1.68%	26.82%	18.20%	-
Cost of Revenue	654.49	618.01	608.31	479.81	407.84
Gross Profit	90.2	89.62	87.64	68.94	56.44
Selling, General & Admin	47.73	51.89	43.83	34.55	25.61
Research & Development	26.4	23.82	22.23	23.57	17.02
Other Operating Expenses	-	-	-	0.41	0.18
Operating Expenses	74.17	76.4	70.21	59.01	42.71
Operating Income	16.03	13.23	17.43	9.94	13.73
Interest Expense	-9.11	-8.55	-3.99	-2.36	-2.29
Interest & Investment Income	8.01	5.65	0.21	0.09	0.04
Other Non Operating Income (Expenses)	-0.05	-0.24	-0.09	-0.39	-0.18
EBT Excluding Unusual Items	14.88	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	0.6	3.73	1.06	0.17	3.43
Pretax Income	15.49	13.83	14.67	7.66	14.73
Income Tax Expense	0.74	1.46	0.45	-0.37	2.05
Earnings From Continuing Operations	14.75	12.37	14.22	8.03	12.69
Minority Interest in Earnings	-0.29	-0.28	-0.3	-	-
Net Income	14.46	12.09	13.92	8.03	12.69
Net Income to Common	14.46	12.09	13.92	8.03	12.69
Net Income Growth	8.35%	-13.16%	73.30%	-36.66%	-
Shares Outstanding (Basic)	461	422	375	-	-
Shares Outstanding (Diluted)	461	422	375	-	-
Shares Change (YoY)	21.66%	12.42%	-	-	-
EPS (Basic)	0.03	0.03	0.04	-	-
EPS (Diluted)	0.03	0.03	0.04	-	-
EPS Growth	-10.94%	-22.75%	-	-	-
Free Cash Flow	89.74	-254.91	21.21	8.28	62.6
Free Cash Flow Per Share	0.20	-0.60	0.06	-	-
Gross Margin	12.11%	12.67%	12.59%	12.56%	12.16%
Operating Margin	2.15%	1.87%	2.50%	1.81%	2.96%
Profit Margin	1.94%	1.71%	2.00%	1.46%	2.73%
Free Cash Flow Margin	12.05%	-36.02%	3.05%	1.51%	13.48%
EBITDA	23.48	18.97	20.31	11.64	14.7
EBITDA Margin	3.15%	2.68%	2.92%	2.12%	3.16%
D&A For EBITDA	7.45	5.74	2.88	1.7	0.97
EBIT	16.03	13.23	17.43	9.94	13.73
EBIT Margin	2.15%	1.87%	2.50%	1.81%	2.96%
Effective Tax Rate	4.75%	10.55%	3.05%	-	13.90%
Advertising Expenses	-	-	-	-	0.2

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