HKG:2545 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	460.28	551.06	609.3	413.09	479.12
Revenue Growth (YoY)	-16.47%	-9.56%	47.50%	-13.78%	-
Cost of Revenue	391.75	444.84	459.98	308.96	386.59
Gross Profit	68.54	106.23	149.32	104.13	92.53
Selling, General & Admin	17.82	29.63	41.77	36.44	25.43
Research & Development	16.12	25.73	25.87	17.68	19.21
Other Operating Expenses	-8.4	-5.15	-4.14	-0.01	0.88
Operating Expenses	45.08	67.59	63.5	54.11	45.52
Operating Income	23.45	38.64	85.82	50.03	47.02
Interest Expense	-20.36	-15.33	-16.68	-15.33	-11.48
Interest & Investment Income	0.76	0.82	1.53	3.14	2.16
Earnings From Equity Investments	-	-	0.07	-	-
Currency Exchange Gain (Loss)	-0.46	1.22	-0.73	0.34	-
Other Non Operating Income (Expenses)	0.22	-1.85	-	-	-
EBT Excluding Unusual Items	3.61	23.5	70.01	38.17	37.69
Gain (Loss) on Sale of Assets	-	-	-	-0.1	-0.03
Other Unusual Items	-	-	-	0.87	3.25
Pretax Income	3.61	23.5	70.01	38.94	40.92
Income Tax Expense	-4.03	13.79	1.34	3.97	4.75
Earnings From Continuing Operations	7.64	9.71	68.67	34.98	36.17
Minority Interest in Earnings	-	-	-0.08	-0.5	-
Net Income	7.64	9.71	68.59	34.47	36.17
Net Income to Common	7.64	9.71	68.59	34.47	36.17
Net Income Growth	-21.32%	-85.84%	98.97%	-4.70%	-
Shares Outstanding (Basic)	640	559	478	-	-
Shares Outstanding (Diluted)	640	559	478	-	-
Shares Change (YoY)	14.42%	16.99%	-	-	-
EPS (Basic)	0.01	0.02	0.14	-	-
EPS (Diluted)	0.01	0.02	0.14	-	-
EPS Growth	-31.24%	-87.90%	-	-	-
Free Cash Flow	-247.36	-108.76	47.58	-45.22	-19.85
Free Cash Flow Per Share	-0.39	-0.19	0.10	-	-
Gross Margin	14.89%	19.28%	24.51%	25.21%	19.31%
Operating Margin	5.10%	7.01%	14.08%	12.11%	9.81%
Profit Margin	1.66%	1.76%	11.26%	8.34%	7.55%
Free Cash Flow Margin	-53.74%	-19.74%	7.81%	-10.95%	-4.14%
EBITDA	26.71	40.92	87.86	52.12	49.24
EBITDA Margin	5.80%	7.43%	14.42%	12.62%	10.28%
D&A For EBITDA	3.26	2.28	2.04	2.09	2.22
EBIT	23.45	38.64	85.82	50.03	47.02
EBIT Margin	5.10%	7.01%	14.08%	12.11%	9.81%
Effective Tax Rate	-	58.69%	1.91%	10.18%	11.60%

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