HKG:2623 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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	137.74	282.09	1,264	1,866	1,634	965.98
Revenue Growth (YoY)	-70.88%	-77.68%	-32.27%	14.21%	69.13%	198.75%
Cost of Revenue	133.08	269.52	1,123	1,721	1,604	887.74
Gross Profit	4.66	12.57	141.11	145.1	29.61	78.23
Selling, General & Admin	60.16	61.99	78.3	79.94	57.25	53.23
Other Operating Expenses	-29.27	-0.15	-0.15	-12.98	-2.53	-10.36
Operating Expenses	29.96	61.1	78.04	66.96	54.72	46.42
Operating Income	-25.3	-48.53	63.08	78.14	-25.1	31.81
Interest Expense	-8.1	-8.84	-3.37	-12.33	-18.36	-18.49
Interest & Investment Income	0.57	0.92	1.88	3.04	0.21	0.3
Currency Exchange Gain (Loss)	-1.5	-0.23	-1.9	-6.85	13.2	-3.24
EBT Excluding Unusual Items	-34.34	-56.69	59.69	61.99	-30.06	10.38
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.83
Gain (Loss) on Sale of Assets	115.59	123.35	-	-	-	1.08
Legal Settlements	-	-	-	-	-	50
Other Unusual Items	-	-	-	-	-	0.08
Pretax Income	81.25	66.67	59.69	61.99	-30.06	60.71
Income Tax Expense	6.74	4.94	9.16	4.36	-	-
Earnings From Continuing Operations	74.51	61.72	50.53	57.64	-30.06	60.71
Net Income to Company	74.51	61.72	50.53	57.64	-30.06	60.71
Net Income	74.51	61.72	50.53	57.64	-30.06	60.71
Net Income to Common	74.51	61.72	50.53	57.64	-30.06	60.71
Net Income Growth	7106.19%	22.16%	-12.34%	-	-	-
Shares Outstanding (Basic)	350	350	309	263	264	267
Shares Outstanding (Diluted)	350	350	309	263	264	267
Shares Change (YoY)	-0.10%	13.29%	17.54%	-0.31%	-1.43%	6.47%
EPS (Basic)	0.21	0.18	0.16	0.22	-0.11	0.23
EPS (Diluted)	0.21	0.18	0.16	0.22	-0.11	0.23
EPS Growth	7113.72%	7.84%	-25.42%	-	-	-
Free Cash Flow	-245.57	-243.07	4.35	60.52	77.15	-14.26
Free Cash Flow Per Share	-0.70	-0.69	0.01	0.23	0.29	-0.05
Gross Margin	3.38%	4.46%	11.17%	7.78%	1.81%	8.10%
Operating Margin	-18.37%	-17.20%	4.99%	4.19%	-1.54%	3.29%
Profit Margin	54.10%	21.88%	4.00%	3.09%	-1.84%	6.28%
Free Cash Flow Margin	-178.29%	-86.17%	0.34%	3.24%	4.72%	-1.48%
EBITDA	-9.03	-29.22	84.86	101.16	-9.97	47.6
EBITDA Margin	-6.56%	-10.36%	6.71%	5.42%	-0.61%	4.93%
D&A For EBITDA	16.27	19.32	21.78	23.02	15.14	15.79
EBIT	-25.3	-48.53	63.08	78.14	-25.1	31.81
EBIT Margin	-18.37%	-17.20%	4.99%	4.19%	-1.54%	3.29%
Effective Tax Rate	8.29%	7.41%	15.35%	7.03%	-	-

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