Beijing Xunzhong Communication Technology Co., Ltd. (HKG:2597)

HKG:2597 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	813.41	917.61	915.63	809.74	993.47	965.3
Other Revenue	-	-	-	-	0.05	0.71
Revenue	813.41	917.61	915.63	809.74	993.51	966.01
Revenue Growth (YoY)	-11.64%	0.22%	13.08%	-18.50%	2.85%	13.89%
Cost of Revenue	656.59	736.99	719.51	615	809.66	798.77
Gross Profit	156.82	180.62	196.12	194.74	183.85	167.24
Selling, General & Admin	47.12	52.52	60.66	65.47	51.73	44.8
Research & Development	42.86	38.07	40.53	45.72	45.39	45.46
Other Operating Expenses	1.24	1.16	2.2	2.94	-13.94	-13.75
Operating Expenses	91.28	115.71	110.13	126.74	89.2	87.97
Operating Income	65.53	64.91	85.99	68.01	94.65	79.28
Interest Expense	-10.66	-12.3	-8.34	-5.8	-6.14	-4.34
Interest & Investment Income	0.01	0.06	0.04	0.08	0.05	0.15
Earnings From Equity Investments	-0.02	-0.02	-0.17	-0.62	-0.48	-
Other Non Operating Income (Expenses)	4.78	3.36	9.7	26.65	-0.28	-0.13
EBT Excluding Unusual Items	59.64	56	87.22	88.31	87.8	74.96
Impairment of Goodwill	-3.89	-3.89	-1.23	-	-0.79	-
Gain (Loss) on Sale of Investments	0.02	-0.71	-	-	-	-
Gain (Loss) on Sale of Assets	0.18	-0	-0.03	-	0.15	-
Other Unusual Items	3.34	-	-1.04	-	-	0.65
Pretax Income	59.29	51.4	84.94	88.31	87.15	75.61
Income Tax Expense	8.03	0.76	8.35	13.65	12.34	13.07
Earnings From Continuing Operations	51.26	50.64	76.58	74.66	74.82	62.54
Minority Interest in Earnings	2.44	2.9	1.04	1.31	-0.48	-1.19
Net Income	53.7	53.55	77.62	75.97	74.34	61.35
Net Income to Common	53.7	53.55	77.62	75.97	74.34	61.35
Net Income Growth	-32.41%	-31.02%	2.17%	2.20%	21.18%	14.86%
Shares Outstanding (Basic)	92	91	91	90	84	85
Shares Outstanding (Diluted)	97	91	91	90	84	85
Shares Change (YoY)	6.30%	-	1.85%	6.14%	-0.85%	6.89%
EPS (Basic)	0.59	0.59	0.85	0.85	0.88	0.72
EPS (Diluted)	0.55	0.59	0.85	0.85	0.88	0.72
EPS Growth	-36.41%	-31.02%	0.32%	-3.71%	22.22%	7.46%
Free Cash Flow	18.55	-114.49	-58.79	-118.88	-3.88	-68.91
Free Cash Flow Per Share	0.19	-1.25	-0.64	-1.33	-0.05	-0.81
Gross Margin	19.28%	19.68%	21.42%	24.05%	18.50%	17.31%
Operating Margin	8.06%	7.07%	9.39%	8.40%	9.53%	8.21%
Profit Margin	6.60%	5.83%	8.48%	9.38%	7.48%	6.35%
Free Cash Flow Margin	2.28%	-12.48%	-6.42%	-14.68%	-0.39%	-7.13%
EBITDA	67.65	67	89.37	73.27	96.07	81.47
EBITDA Margin	8.32%	7.30%	9.76%	9.05%	9.67%	8.43%
D&A For EBITDA	2.11	2.09	3.38	5.26	1.42	2.19
EBIT	65.53	64.91	85.99	68.01	94.65	79.28
EBIT Margin	8.06%	7.07%	9.39%	8.40%	9.53%	8.21%
Effective Tax Rate	13.55%	1.48%	9.83%	15.45%	14.16%	17.29%
Revenue as Reported	-	-	-	-	993.51	966.01
Advertising Expenses	-	0.6	0.8	0.85	2.62	3.21

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