HKG:2589 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	3,445	3,285	3,348	2,199
Revenue Growth (YoY)	56.68%	-1.90%	52.26%	-
Cost of Revenue	2,363	2,257	2,328	1,613
Gross Profit	1,082	1,027	1,020	586.28
Selling, General & Admin	564.87	569	520.82	391.7
Research & Development	51.59	51.87	46.4	13.26
Operating Expenses	616.46	620.87	567.22	404.96
Operating Income	465.86	406.45	452.72	181.32
Interest Expense	-4.13	-5.18	-6.19	-6.36
Interest & Investment Income	6.32	6.32	6.06	1.52
Other Non Operating Income (Expenses)	15.18	21.11	49.25	22.71
EBT Excluding Unusual Items	483.24	428.71	501.85	199.19
Gain (Loss) on Sale of Investments	20.3	20.3	11.44	3.45
Asset Writedown	-1.34	-	-2.59	-
Other Unusual Items	0.39	0.39	-0.19	-0.7
Pretax Income	502.59	449.4	510.51	201.94
Income Tax Expense	138.55	120.47	122.61	52.47
Net Income	364.04	328.93	387.9	149.47
Net Income to Common	364.04	328.93	387.9	149.47
Net Income Growth	143.55%	-15.20%	159.52%	-
Shares Outstanding (Basic)	103	102	96	94
Shares Outstanding (Diluted)	103	102	96	94
Shares Change (YoY)	9.65%	5.89%	2.90%	-
EPS (Basic)	3.54	3.22	4.02	1.59
EPS (Diluted)	3.54	3.22	4.02	1.59
EPS Growth	122.70%	-19.91%	152.83%	-
Free Cash Flow	-	403.07	564.78	223.7
Free Cash Flow Per Share	-	3.94	5.85	2.39
Gross Margin	31.41%	31.28%	30.46%	26.66%
Operating Margin	13.52%	12.38%	13.52%	8.25%
Profit Margin	10.57%	10.01%	11.58%	6.80%
Free Cash Flow Margin	-	12.27%	16.87%	10.17%
EBITDA	489.97	431.93	480.91	202.75
EBITDA Margin	14.22%	13.15%	14.36%	9.22%
D&A For EBITDA	24.12	25.47	28.18	21.43
EBIT	465.86	406.45	452.72	181.32
EBIT Margin	13.52%	12.38%	13.52%	8.25%
Effective Tax Rate	27.57%	26.81%	24.02%	25.98%

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