HKG:2635 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	448.49	402.64	363.7	252.62
Revenue Growth (YoY)	77.53%	10.71%	43.97%	-
Cost of Revenue	228	165.41	152.35	112.26
Gross Profit	220.49	237.23	211.35	140.36
Selling, General & Admin	57.6	52.15	36.18	25.92
Research & Development	42.55	59.56	56.65	44.49
Operating Expenses	120.1	128.51	120.95	85.74
Operating Income	100.39	108.73	90.4	54.63
Interest Expense	-3.54	-3.42	-2.32	-1.44
Interest & Investment Income	1.62	1.55	1.22	0.89
Other Non Operating Income (Expenses)	18.62	19.05	7.56	18.48
EBT Excluding Unusual Items	117.09	125.91	96.86	72.56
Other Unusual Items	0.05	0.19	-	-
Pretax Income	117.14	126.1	96.86	72.56
Income Tax Expense	12.43	10.74	8.29	9.39
Net Income	104.71	115.37	88.57	63.16
Net Income to Common	104.71	115.37	88.57	63.16
Net Income Growth	65.79%	30.26%	40.22%	-
Shares Outstanding (Basic)	34	34	32	28
Shares Outstanding (Diluted)	34	34	32	28
Shares Change (YoY)	20.76%	4.70%	13.38%	-
EPS (Basic)	3.07	3.44	2.77	2.24
EPS (Diluted)	3.07	3.44	2.77	2.24
EPS Growth	37.29%	24.41%	23.67%	-
Free Cash Flow	94.99	-36.36	-102.15	-83.06
Free Cash Flow Per Share	2.79	-1.08	-3.19	-2.94
Gross Margin	49.16%	58.92%	58.11%	55.56%
Operating Margin	22.38%	27.00%	24.86%	21.62%
Profit Margin	23.35%	28.65%	24.35%	25.00%
Free Cash Flow Margin	21.18%	-9.03%	-28.09%	-32.88%
EBITDA	114.96	111.9	91.52	55.23
EBITDA Margin	25.63%	27.79%	25.16%	21.86%
D&A For EBITDA	14.57	3.17	1.12	0.6
EBIT	100.39	108.73	90.4	54.63
EBIT Margin	22.38%	27.00%	24.86%	21.62%
Effective Tax Rate	10.61%	8.51%	8.56%	12.95%

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