HKG:2635 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	498.16	402.64	363.7	252.62
Revenue Growth (YoY)	23.72%	10.71%	43.97%	-
Cost of Revenue	231.97	165.41	152.35	112.26
Gross Profit	266.19	237.23	211.35	140.36
Selling, General & Admin	56.56	52.15	36.18	25.92
Research & Development	82.95	59.56	56.65	44.49
Operating Expenses	149.49	128.51	120.95	85.74
Operating Income	116.7	108.73	90.4	54.63
Interest Expense	-4.17	-3.42	-2.32	-1.44
Interest & Investment Income	1.83	1.55	1.22	0.89
Other Non Operating Income (Expenses)	16.14	19.05	7.56	18.48
EBT Excluding Unusual Items	130.5	125.91	96.86	72.56
Other Unusual Items	0.11	0.19	-	-
Pretax Income	130.62	126.1	96.86	72.56
Income Tax Expense	12.77	10.74	8.29	9.39
Net Income	117.84	115.37	88.57	63.16
Net Income to Common	117.84	115.37	88.57	63.16
Net Income Growth	2.15%	30.26%	40.22%	-
Shares Outstanding (Basic)	342	335	320	282
Shares Outstanding (Diluted)	342	335	320	282
Shares Change (YoY)	2.00%	4.70%	13.38%	-
EPS (Basic)	0.34	0.34	0.28	0.22
EPS (Diluted)	0.34	0.34	0.28	0.22
EPS Growth	0.15%	24.41%	23.67%	-
Free Cash Flow	-12.4	-36.36	-102.15	-83.06
Free Cash Flow Per Share	-0.04	-0.11	-0.32	-0.29
Gross Margin	53.43%	58.92%	58.11%	55.56%
Operating Margin	23.43%	27.00%	24.86%	21.62%
Profit Margin	23.66%	28.65%	24.35%	25.00%
Free Cash Flow Margin	-2.49%	-9.03%	-28.09%	-32.88%
EBITDA	142.78	111.9	91.52	55.23
EBITDA Margin	28.66%	27.79%	25.16%	21.86%
D&A For EBITDA	26.08	3.17	1.12	0.6
EBIT	116.7	108.73	90.4	54.63
EBIT Margin	23.43%	27.00%	24.86%	21.62%
Effective Tax Rate	9.78%	8.51%	8.56%	12.95%