HKG:2637 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	582.36	466.68	316.63	212.47
Revenue Growth (YoY)	24.79%	47.39%	49.03%	-
Cost of Revenue	96.8	79.49	52.99	40.39
Gross Profit	485.56	387.19	263.64	172.07
Selling, General & Admin	219.79	186.64	107.3	56.9
Research & Development	73.5	67.53	36.06	34.82
Operating Expenses	293.3	254.17	143.36	91.72
Operating Income	192.26	133.03	120.28	80.35
Interest Expense	-5.74	-7.22	-7.75	-24.73
Interest & Investment Income	-	5.64	7.09	6.39
Other Non Operating Income (Expenses)	11.55	16.41	13.23	11.92
EBT Excluding Unusual Items	198.08	147.85	132.85	73.92
Gain (Loss) on Sale of Investments	-	1.14	-	-0.14
Gain (Loss) on Sale of Assets	-	-	-0.03	-0.02
Pretax Income	198.08	148.99	132.81	73.76
Income Tax Expense	21.05	12.92	15.36	4.78
Net Income	177.03	136.08	117.45	68.98
Net Income to Common	177.03	136.08	117.45	68.98
Net Income Growth	30.09%	15.86%	70.27%	-
Shares Outstanding (Basic)	69	67	67	64
Shares Outstanding (Diluted)	69	67	67	64
Shares Change (YoY)	3.30%	-	4.57%	-
EPS (Basic)	2.55	2.02	1.75	1.07
EPS (Diluted)	2.55	2.02	1.75	1.07
EPS Growth	25.94%	15.86%	62.83%	-
Free Cash Flow	-	-14.62	88.39	82.24
Free Cash Flow Per Share	-	-0.22	1.31	1.28
Gross Margin	83.38%	82.97%	83.26%	80.99%
Operating Margin	33.01%	28.51%	37.99%	37.82%
Profit Margin	30.40%	29.16%	37.09%	32.47%
Free Cash Flow Margin	-	-3.13%	27.92%	38.71%
EBITDA	195.19	135.96	122.61	82.23
EBITDA Margin	33.52%	29.13%	38.72%	38.70%
D&A For EBITDA	2.93	2.93	2.33	1.88
EBIT	192.26	133.03	120.28	80.35
EBIT Margin	33.01%	28.51%	37.99%	37.82%
Effective Tax Rate	10.63%	8.67%	11.56%	6.48%

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