Beijing Geekplus Technology Co., Ltd. (HKG:2590)

HKG:2590 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	2,409	2,143	1,452
Revenue Growth (YoY)	12.42%	47.57%	-
Cost of Revenue	1,572	1,484	1,196
Gross Profit	837.17	659.27	256.55
Selling, General & Admin	665.93	772.76	676.46
Research & Development	282.05	379.87	436.79
Other Operating Expenses	-11.17	-13.35	-13.9
Operating Expenses	948.4	1,149	1,111
Operating Income	-111.23	-489.87	-854.09
Interest Expense	-13.92	-13.28	-12.49
Interest & Investment Income	15.56	27.24	4.39
Earnings From Equity Investments	0.02	14.9	-14.97
Currency Exchange Gain (Loss)	-28	-1.09	55.83
Other Non Operating Income (Expenses)	-3.58	-	-
EBT Excluding Unusual Items	-141.16	-462.1	-821.32
Gain (Loss) on Sale of Assets	-0.31	-6.32	-0.9
Asset Writedown	-	-6.09	-9.86
Other Unusual Items	-685.81	-648.01	-731.97
Pretax Income	-827.28	-1,123	-1,564
Income Tax Expense	4.22	4.16	3.05
Net Income	-831.5	-1,127	-1,567
Preferred Dividends & Other Adjustments	-621.84	-842.6	-1,140
Net Income to Common	-209.66	-284.09	-426.75
Shares Outstanding (Basic)	292	292	292
Shares Outstanding (Diluted)	292	292	292
EPS (Basic)	-0.72	-0.97	-1.46
EPS (Diluted)	-0.72	-0.97	-1.46
Free Cash Flow	-210.34	-525.46	-685.18
Free Cash Flow Per Share	-0.72	-1.80	-2.34
Gross Margin	34.75%	30.76%	17.67%
Operating Margin	-4.62%	-22.86%	-58.81%
Profit Margin	-8.70%	-13.26%	-29.39%
Free Cash Flow Margin	-8.73%	-24.52%	-47.18%
EBITDA	-84.6	-446.81	-797.63
EBITDA Margin	-3.51%	-20.85%	-54.93%
D&A For EBITDA	26.64	43.06	56.46
EBIT	-111.23	-489.87	-854.09
EBIT Margin	-4.62%	-22.86%	-58.81%

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