HKG:2560 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	2,314	2,384	2,395	1,840	1,538
Revenue Growth (YoY)	-2.93%	-0.47%	30.22%	19.65%	-
Cost of Revenue	1,894	1,924	1,936	1,476	1,199
Gross Profit	420.17	459.68	459.12	363.64	338.25
Selling, General & Admin	236.24	213.99	212.01	178.38	143.77
Research & Development	43.08	55.01	45.84	39.94	39.08
Other Operating Expenses	-21.96	-21.47	-11.76	3.77	0.53
Operating Expenses	247.7	254.47	260.69	232.15	180.83
Operating Income	172.47	205.21	198.43	131.5	157.42
Interest Expense	-23.54	-26.48	-30.29	-23.75	-10.07
Interest & Investment Income	5.76	1.48	1.8	1.94	2.97
EBT Excluding Unusual Items	154.7	180.2	169.94	109.69	150.32
Gain (Loss) on Sale of Investments	0.61	0.11	0.15	-	-
Gain (Loss) on Sale of Assets	-0.17	-0.13	-0.07	-0.05	-0.02
Pretax Income	155.14	180.18	170.03	109.64	150.3
Income Tax Expense	24.06	32.29	26.1	17.26	23.41
Earnings From Continuing Operations	131.08	147.88	143.93	92.38	126.89
Minority Interest in Earnings	-21.71	-22.25	-26.98	-16.5	2.76
Net Income	109.37	125.64	116.95	75.88	129.65
Net Income to Common	109.37	125.64	116.95	75.88	129.65
Net Income Growth	-12.95%	7.42%	54.13%	-41.47%	-
Shares Outstanding (Basic)	765	435	429	362	362
Shares Outstanding (Diluted)	765	435	429	362	362
Shares Change (YoY)	75.95%	1.43%	18.60%	-	-
EPS (Basic)	0.14	0.29	0.27	0.21	0.36
EPS (Diluted)	0.14	0.29	0.27	0.21	0.36
EPS Growth	-50.52%	5.92%	29.96%	-41.47%	-
Free Cash Flow	201.85	70.7	93.71	-400.06	-322.39
Free Cash Flow Per Share	0.26	0.16	0.22	-1.11	-0.89
Dividend Per Share	0.160	0.170	-	-	-
Dividend Growth	-5.88%	-	-	-	-
Gross Margin	18.16%	19.28%	19.17%	19.77%	22.00%
Operating Margin	7.45%	8.61%	8.28%	7.15%	10.24%
Profit Margin	4.73%	5.27%	4.88%	4.13%	8.43%
Free Cash Flow Margin	8.72%	2.96%	3.91%	-21.75%	-20.97%
EBITDA	240.8	271.63	261.79	172.97	172.91
EBITDA Margin	10.41%	11.39%	10.93%	9.40%	11.25%
D&A For EBITDA	68.33	66.42	63.36	41.48	15.49
EBIT	172.47	205.21	198.43	131.5	157.42
EBIT Margin	7.45%	8.61%	8.28%	7.15%	10.24%
Effective Tax Rate	15.51%	17.92%	15.35%	15.74%	15.57%

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