HKG:2519 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	13,699	10,710	8,683	7,100	9,071
Revenue Growth (YoY)	27.91%	23.34%	22.29%	-21.73%	142.72%
Cost of Revenue	10,091	7,413	5,689	4,621	7,176
Gross Profit	3,608	3,297	2,994	2,479	1,895
Selling, General & Admin	2,959	2,462	2,118	2,006	2,722
Research & Development	182.13	130.02	119.15	123.69	176.83
Operating Expenses	3,162	2,602	2,276	2,120	2,930
Operating Income	446.27	695.23	717.78	358.87	-1,035
Interest Expense	-264.36	-122.46	-90.72	-72.35	-30.93
Interest & Investment Income	-	29.79	26.32	14.59	18.98
Earnings From Equity Investments	14.71	-3.51	4.88	-7.33	-11.13
Currency Exchange Gain (Loss)	-	60.16	14.29	-21.69	23.21
Other Non Operating Income (Expenses)	-7.27	-36.08	-23.53	-30.86	-28.04
EBT Excluding Unusual Items	189.34	623.14	649	241.23	-1,063
Impairment of Goodwill	-	-	-	-10.86	-
Gain (Loss) on Sale of Investments	-	1.92	-8.66	1.45	328.25
Gain (Loss) on Sale of Assets	-	5.59	-0.43	0.19	-0.19
Pretax Income	189.34	630.64	639.91	232	-734.46
Income Tax Expense	36.75	109.45	119.81	8.83	-144.58
Earnings From Continuing Operations	152.59	521.2	520.1	223.17	-589.88
Minority Interest in Earnings	8.55	-16.9	11.91	-4.12	9.08
Net Income	161.14	504.3	532.01	219.05	-580.8
Net Income to Common	161.14	504.3	532.01	219.05	-580.8
Net Income Growth	-68.05%	-5.21%	142.87%	-	-
Shares Outstanding (Basic)	413	390	388	389	389
Shares Outstanding (Diluted)	413	390	388	389	389
Shares Change (YoY)	6.02%	0.40%	-0.08%	-	372.66%
EPS (Basic)	0.39	1.29	1.37	0.56	-1.49
EPS (Diluted)	0.39	1.29	1.37	0.56	-1.49
EPS Growth	-69.86%	-5.58%	143.06%	-	-
Free Cash Flow	630.88	377.69	554.04	576.2	-1,222
Free Cash Flow Per Share	1.53	0.97	1.43	1.48	-3.15
Gross Margin	26.34%	30.79%	34.48%	34.91%	20.89%
Operating Margin	3.26%	6.49%	8.27%	5.05%	-11.40%
Profit Margin	1.18%	4.71%	6.13%	3.08%	-6.40%
Free Cash Flow Margin	4.61%	3.53%	6.38%	8.12%	-13.48%
EBITDA	525.85	774.82	776.47	391.8	-1,025
EBITDA Margin	3.84%	7.23%	8.94%	5.52%	-11.30%
D&A For EBITDA	79.59	79.59	58.7	32.93	9.75
EBIT	446.27	695.23	717.78	358.87	-1,035
EBIT Margin	3.26%	6.49%	8.27%	5.05%	-11.40%
Effective Tax Rate	19.41%	17.36%	18.72%	3.81%	-

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