HKG:2531 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	717.08	700.42	560.57	413.86	326.77
Revenue Growth (YoY)	2.38%	24.95%	35.45%	26.65%	-
Cost of Revenue	203.44	263.06	308.79	240.67	232.09
Gross Profit	513.63	437.36	251.78	173.19	94.68
Selling, General & Admin	457.42	364	180.33	109.65	49.16
Research & Development	42.07	27.85	18.07	17	16.8
Operating Expenses	509.68	395.21	199.73	127.16	66.07
Operating Income	3.95	42.15	52.05	46.03	28.61
Interest Expense	-2.88	-2.46	-2.28	-1.64	-1.93
Interest & Investment Income	11.49	7.78	2.68	3.88	5.98
Earnings From Equity Investments	4.89	3.78	0.17	-	-0.06
Currency Exchange Gain (Loss)	-5.38	1.87	0.21	-	-
Other Non Operating Income (Expenses)	4.95	-14.87	-3.37	-3.42	7.5
EBT Excluding Unusual Items	17.02	38.25	49.46	44.86	40.1
Gain (Loss) on Sale of Investments	-0.29	0.53	9.64	8.37	0.32
Gain (Loss) on Sale of Assets	-0.02	0.08	-0.13	-0.21	-0.06
Pretax Income	16.71	38.86	58.97	53.02	40.36
Income Tax Expense	-5.13	-5.5	7.43	5.61	5.29
Earnings From Continuing Operations	21.84	44.36	51.54	47.42	35.07
Minority Interest in Earnings	-1.1	0.08	-0.41	-3.27	-3.24
Net Income	20.74	44.44	51.13	44.15	31.83
Net Income to Common	20.74	44.44	51.13	44.15	31.83
Net Income Growth	-53.33%	-13.08%	15.82%	38.69%	-
Shares Outstanding (Basic)	367	332	299	287	287
Shares Outstanding (Diluted)	367	332	299	287	287
Shares Change (YoY)	10.27%	11.07%	4.37%	-	-
EPS (Basic)	0.06	0.13	0.17	0.15	0.11
EPS (Diluted)	0.06	0.13	0.17	0.15	0.11
EPS Growth	-57.68%	-21.75%	10.97%	38.69%	-
Free Cash Flow	23.08	40.77	24.55	24.71	49.6
Free Cash Flow Per Share	0.06	0.12	0.08	0.09	0.17
Gross Margin	71.63%	62.44%	44.91%	41.85%	28.97%
Operating Margin	0.55%	6.02%	9.29%	11.12%	8.76%
Profit Margin	2.89%	6.35%	9.12%	10.67%	9.74%
Free Cash Flow Margin	3.22%	5.82%	4.38%	5.97%	15.18%
EBITDA	8.5	46.81	57.29	51.01	31.45
EBITDA Margin	1.19%	6.68%	10.22%	12.32%	9.62%
D&A For EBITDA	4.55	4.66	5.24	4.98	2.83
EBIT	3.95	42.15	52.05	46.03	28.61
EBIT Margin	0.55%	6.02%	9.29%	11.12%	8.76%
Effective Tax Rate	-	-	12.59%	10.57%	13.11%
Advertising Expenses	-	-	-	61.3	8.81

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