HKG:2531 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	695.18	700.42	560.57	413.86	326.77
Revenue Growth (YoY)	12.13%	24.95%	35.45%	26.65%	-
Cost of Revenue	220.01	263.06	308.79	240.67	232.09
Gross Profit	475.17	437.36	251.78	173.19	94.68
Selling, General & Admin	409.13	364	180.33	109.65	49.16
Research & Development	27.32	27.85	18.07	17	16.8
Operating Expenses	439.48	395.21	199.73	127.16	66.07
Operating Income	35.7	42.15	52.05	46.03	28.61
Interest Expense	-2.61	-2.46	-2.28	-1.64	-1.93
Interest & Investment Income	10.73	7.78	2.68	3.88	5.98
Earnings From Equity Investments	5.25	3.78	0.17	-	-0.06
Currency Exchange Gain (Loss)	1.87	1.87	0.21	-	-
Other Non Operating Income (Expenses)	-14.33	-14.87	-3.37	-3.42	7.5
EBT Excluding Unusual Items	36.61	38.25	49.46	44.86	40.1
Gain (Loss) on Sale of Investments	-0.34	0.53	9.64	8.37	0.32
Gain (Loss) on Sale of Assets	0.09	0.08	-0.13	-0.21	-0.06
Pretax Income	36.36	38.86	58.97	53.02	40.36
Income Tax Expense	-8.21	-5.5	7.43	5.61	5.29
Earnings From Continuing Operations	44.57	44.36	51.54	47.42	35.07
Minority Interest in Earnings	0.1	0.08	-0.41	-3.27	-3.24
Net Income	44.67	44.44	51.13	44.15	31.83
Net Income to Common	44.67	44.44	51.13	44.15	31.83
Net Income Growth	-11.54%	-13.08%	15.82%	38.69%	-
Shares Outstanding (Basic)	485	332	299	287	287
Shares Outstanding (Diluted)	485	332	299	287	287
Shares Change (YoY)	166.98%	11.07%	4.37%	-	-
EPS (Basic)	0.09	0.13	0.17	0.15	0.11
EPS (Diluted)	0.09	0.13	0.17	0.15	0.11
EPS Growth	-66.87%	-21.75%	10.97%	38.69%	-
Free Cash Flow	46.62	40.77	24.55	24.71	49.6
Free Cash Flow Per Share	0.10	0.12	0.08	0.09	0.17
Gross Margin	68.35%	62.44%	44.91%	41.85%	28.97%
Operating Margin	5.13%	6.02%	9.29%	11.12%	8.76%
Profit Margin	6.42%	6.35%	9.12%	10.67%	9.74%
Free Cash Flow Margin	6.71%	5.82%	4.38%	5.97%	15.18%
EBITDA	40.07	46.81	57.29	51.01	31.45
EBITDA Margin	5.76%	6.68%	10.22%	12.32%	9.62%
D&A For EBITDA	4.37	4.66	5.24	4.98	2.83
EBIT	35.7	42.15	52.05	46.03	28.61
EBIT Margin	5.13%	6.02%	9.29%	11.12%	8.76%
Effective Tax Rate	-	-	12.59%	10.57%	13.11%
Advertising Expenses	-	-	-	61.3	8.81

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.