HKG:2589 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,466	3,285	3,348	2,199
Revenue Growth (YoY)	35.96%	-1.90%	52.26%	-
Cost of Revenue	3,060	2,257	2,328	1,613
Gross Profit	1,406	1,027	1,020	586.28
Selling, General & Admin	709.98	569	520.82	391.7
Research & Development	53.35	51.87	46.4	13.26
Operating Expenses	763.34	620.87	567.22	404.96
Operating Income	642.23	406.45	452.72	181.32
Interest Expense	-4.22	-5.18	-6.19	-6.36
Interest & Investment Income	7.33	6.32	6.06	1.52
Other Non Operating Income (Expenses)	10.91	21.11	49.25	22.71
EBT Excluding Unusual Items	656.25	428.71	501.85	199.19
Gain (Loss) on Sale of Investments	20.16	20.3	11.44	3.45
Asset Writedown	-1.34	-	-2.59	-
Other Unusual Items	0.4	0.39	-0.19	-0.7
Pretax Income	675.47	449.4	510.51	201.94
Income Tax Expense	174.15	120.47	122.61	52.47
Net Income	501.32	328.93	387.9	149.47
Net Income to Common	501.32	328.93	387.9	149.47
Net Income Growth	52.41%	-15.20%	159.52%	-
Shares Outstanding (Basic)	104	102	96	94
Shares Outstanding (Diluted)	104	102	96	94
Shares Change (YoY)	2.00%	5.89%	2.90%	-
EPS (Basic)	4.81	3.22	4.02	1.59
EPS (Diluted)	4.81	3.22	4.02	1.59
EPS Growth	49.40%	-19.91%	152.83%	-
Free Cash Flow	728.36	403.07	564.78	223.7
Free Cash Flow Per Share	6.99	3.94	5.85	2.39
Dividend Per Share	1.676	-	-	-
Gross Margin	31.47%	31.28%	30.46%	26.66%
Operating Margin	14.38%	12.38%	13.52%	8.25%
Profit Margin	11.23%	10.01%	11.58%	6.80%
Free Cash Flow Margin	16.31%	12.27%	16.87%	10.17%
EBITDA	663.72	431.93	480.91	202.75
EBITDA Margin	14.86%	13.15%	14.36%	9.22%
D&A For EBITDA	21.49	25.47	28.18	21.43
EBIT	642.23	406.45	452.72	181.32
EBIT Margin	14.38%	12.38%	13.52%	8.25%
Effective Tax Rate	25.78%	26.81%	24.02%	25.98%

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