HKG:2651 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	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '16 Dec 31, 2016
Revenue	371.57	407.08	441.84	409.44	81.18
Revenue Growth (YoY)	-8.72%	-7.87%	7.91%	404.37%	39.35%
Cost of Revenue	231.5	254.74	273.62	260.97	38.03
Gross Profit	140.07	152.34	168.23	148.47	43.15
Selling, General & Admin	71.6	75.35	77.24	75.7	29.01
Research & Development	9.06	6.67	6.82	6.62	-
Other Operating Expenses	-	-	-	-	0.2
Operating Expenses	80.66	82.02	84.06	82.32	29.21
Operating Income	59.42	70.32	84.17	66.16	13.94
Interest Expense	-4.31	-5.33	-5.51	-6.68	-
Interest & Investment Income	0.35	2.45	3.56	3.07	-
Other Non Operating Income (Expenses)	-1.64	1.05	-0.75	0.14	-0.21
EBT Excluding Unusual Items	53.81	68.49	81.47	62.69	13.73
Gain (Loss) on Sale of Investments	0.41	-	-0.12	-	-
Gain (Loss) on Sale of Assets	-	-0.51	-0.52	1.4	-
Asset Writedown	-	-	-	-	-0.03
Other Unusual Items	3.62	2.84	-1.92	-0.58	-
Pretax Income	57.84	70.82	78.91	63.51	13.7
Income Tax Expense	7.23	8.32	11.87	7.06	3.43
Earnings From Continuing Operations	50.61	62.5	67.04	56.45	10.28
Minority Interest in Earnings	-22.43	-20.58	-16.97	-13.11	-
Net Income	28.18	41.92	50.07	43.34	10.28
Preferred Dividends & Other Adjustments	-	5.38	6.14	5.32	-
Net Income to Common	28.18	36.53	43.93	38.03	10.28
Net Income Growth	-32.78%	-16.28%	15.52%	321.79%	29.61%
Shares Outstanding (Basic)	44	39	41	41	29
Shares Outstanding (Diluted)	44	39	41	41	29
Shares Change (YoY)	12.05%	-5.09%	-	44.15%	44.01%
EPS (Basic)	0.64	0.94	1.07	0.92	0.36
EPS (Diluted)	0.64	0.94	1.07	0.92	0.36
EPS Growth	-31.17%	-12.37%	15.52%	156.72%	-10.00%
Free Cash Flow	-	77.22	130.48	105.97	-6.52
Free Cash Flow Per Share	-	1.98	3.17	2.58	-0.23
Dividend Per Share	0.668	-	-	-	-
Gross Margin	37.70%	37.42%	38.07%	36.26%	53.15%
Operating Margin	15.99%	17.27%	19.05%	16.16%	17.17%
Profit Margin	7.58%	8.97%	9.94%	9.29%	12.66%
Free Cash Flow Margin	-	18.97%	29.53%	25.88%	-8.04%
EBITDA	80.47	91.38	107.27	90.2	17.65
EBITDA Margin	21.66%	22.45%	24.28%	22.03%	21.74%
D&A For EBITDA	21.06	21.06	23.1	24.05	3.71
EBIT	59.42	70.32	84.17	66.16	13.94
EBIT Margin	15.99%	17.27%	19.05%	16.16%	17.17%
Effective Tax Rate	12.50%	11.74%	15.04%	11.11%	25.01%
Revenue as Reported	-	-	-	-	81.18
Advertising Expenses	-	32.4	37.15	34.45	-

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