HKG:2545 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	473.47	551.06	609.3	413.09	479.12
Revenue Growth (YoY)	-21.52%	-9.56%	47.50%	-13.78%	-
Cost of Revenue	392.37	444.84	459.98	308.96	386.59
Gross Profit	81.1	106.23	149.32	104.13	92.53
Selling, General & Admin	44.19	48.86	41.77	36.44	25.43
Research & Development	22.59	25.73	25.87	17.68	19.21
Other Operating Expenses	-10.16	-5.15	-4.14	-0.01	0.88
Operating Expenses	56.63	69.44	63.5	54.11	45.52
Operating Income	24.47	36.79	85.82	50.03	47.02
Interest Expense	-16.69	-15.33	-16.68	-15.33	-11.48
Interest & Investment Income	0.88	0.82	1.53	3.14	2.16
Earnings From Equity Investments	-	-	0.07	-	-
Currency Exchange Gain (Loss)	0.97	1.22	-0.73	0.34	-
EBT Excluding Unusual Items	9.63	23.5	70.01	38.17	37.69
Gain (Loss) on Sale of Assets	-0.02	-	-	-0.1	-0.03
Other Unusual Items	-	-	-	0.87	3.25
Pretax Income	9.61	23.5	70.01	38.94	40.92
Income Tax Expense	14.3	13.79	1.34	3.97	4.75
Earnings From Continuing Operations	-4.69	9.71	68.67	34.98	36.17
Minority Interest in Earnings	-	-	-0.08	-0.5	-
Net Income	-4.69	9.71	68.59	34.47	36.17
Preferred Dividends & Other Adjustments	0	0	-	-	-
Net Income to Common	-4.69	9.71	68.59	34.47	36.17
Net Income Growth	-	-85.84%	98.97%	-4.70%	-
Shares Outstanding (Basic)	639	559	478	-	-
Shares Outstanding (Diluted)	639	559	478	-	-
Shares Change (YoY)	33.17%	16.99%	-	-	-
EPS (Basic)	-0.01	0.02	0.14	-	-
EPS (Diluted)	-0.01	0.02	0.14	-	-
EPS Growth	-	-87.91%	-	-	-
Free Cash Flow	-292.21	-108.76	47.58	-45.22	-19.85
Free Cash Flow Per Share	-0.46	-0.19	0.10	-	-
Gross Margin	17.13%	19.28%	24.51%	25.21%	19.31%
Operating Margin	5.17%	6.68%	14.08%	12.11%	9.81%
Profit Margin	-0.99%	1.76%	11.26%	8.34%	7.55%
Free Cash Flow Margin	-61.72%	-19.74%	7.81%	-10.95%	-4.14%
EBITDA	27.4	39.07	87.86	52.12	49.24
EBITDA Margin	5.79%	7.09%	14.42%	12.62%	10.28%
D&A For EBITDA	2.93	2.28	2.04	2.09	2.22
EBIT	24.47	36.79	85.82	50.03	47.02
EBIT Margin	5.17%	6.68%	14.08%	12.11%	9.81%
Effective Tax Rate	148.74%	58.69%	1.91%	10.18%	11.60%

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