HKG:2515 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	244.39	302.5	319.44	287.96	274.94
Revenue Growth (YoY)	-19.21%	-5.30%	10.93%	4.73%	197.52%
Cost of Revenue	226.72	227.15	239.13	215.37	203.24
Gross Profit	17.67	75.35	80.31	72.6	71.71
Selling, General & Admin	34.34	38.53	28.79	8.41	8.05
Research & Development	-	-	-	10.23	11.09
Other Operating Expenses	0.24	-0.4	-0.59	1.24	1.58
Operating Expenses	55.41	52.47	36.28	30.58	27.59
Operating Income	-37.74	22.88	44.03	42.01	44.12
Interest Expense	-0.75	-1.63	-0.37	-	-
Interest & Investment Income	0.03	0.62	0.55	0.58	0.59
Currency Exchange Gain (Loss)	-0.02	2.32	-	-	-
Other Non Operating Income (Expenses)	-6.34	-0.27	2.73	-3.49	-0.37
EBT Excluding Unusual Items	-44.83	23.92	46.95	39.1	44.34
Gain (Loss) on Sale of Assets	-	-	-	0.08	3.28
Asset Writedown	-0.45	-	-	-	-
Pretax Income	-45.27	23.92	46.95	39.18	47.62
Income Tax Expense	3.26	2.17	5.9	4.09	6.21
Net Income	-48.54	21.75	41.05	35.09	41.41
Net Income to Common	-48.54	21.75	41.05	35.09	41.41
Net Income Growth	-	-47.01%	16.97%	-15.27%	463.15%
Shares Outstanding (Basic)	216	199	153	150	148
Shares Outstanding (Diluted)	216	199	153	150	148
Shares Change (YoY)	8.36%	30.48%	1.74%	1.04%	0.26%
EPS (Basic)	-0.22	0.11	0.27	0.23	0.28
EPS (Diluted)	-0.22	0.11	0.27	0.23	0.28
EPS Growth	-	-59.39%	14.97%	-16.14%	461.71%
Free Cash Flow	32.41	-106	-35.04	2.81	7.67
Free Cash Flow Per Share	0.15	-0.53	-0.23	0.02	0.05
Gross Margin	7.23%	24.91%	25.14%	25.21%	26.08%
Operating Margin	-15.44%	7.56%	13.78%	14.59%	16.05%
Profit Margin	-19.86%	7.19%	12.85%	12.19%	15.06%
Free Cash Flow Margin	13.26%	-35.04%	-10.97%	0.97%	2.79%
EBITDA	-33.4	26.79	48.11	45.27	47.37
EBITDA Margin	-13.67%	8.86%	15.06%	15.72%	17.23%
D&A For EBITDA	4.34	3.91	4.08	3.26	3.25
EBIT	-37.74	22.88	44.03	42.01	44.12
EBIT Margin	-15.44%	7.56%	13.78%	14.59%	16.05%
Effective Tax Rate	-	9.06%	12.57%	10.43%	13.04%

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