HKG:2660 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 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,546	1,658	2,059	1,767	1,474
Revenue Growth (YoY)	-6.76%	-19.50%	16.52%	19.91%	98.51%
Cost of Revenue	760.1	739.1	828.03	629.47	568.58
Gross Profit	785.5	918.63	1,231	1,138	905.38
Selling, General & Admin	267.94	249.97	270.38	294.24	240.43
Research & Development	132.93	126.58	140.5	125.67	92.53
Other Operating Expenses	25.74	0.18	2.06	1.69	3.24
Operating Expenses	426.61	378.71	412.76	421.6	336.2
Operating Income	358.89	539.92	818.6	716.38	569.18
Interest Expense	-1.01	-0.79	-0.64	-0.7	-0.64
Interest & Investment Income	-	80.49	61.97	20.86	12.01
Earnings From Equity Investments	-5.58	-7.02	-4.31	-2.35	-1.79
Currency Exchange Gain (Loss)	-	-8.16	-8.06	-4.55	-
Other Non Operating Income (Expenses)	93.71	2.29	17.41	19.27	8.2
EBT Excluding Unusual Items	446.02	606.73	884.97	748.92	586.96
Gain (Loss) on Sale of Investments	-	5.39	-1.93	11.71	11.88
Pretax Income	446.02	612.12	883.04	760.63	598.84
Income Tax Expense	98.24	181.44	157.12	80.37	98.49
Earnings From Continuing Operations	347.79	430.68	725.92	680.26	500.34
Minority Interest in Earnings	-	-	-0.04	0.53	-
Net Income	347.79	430.68	725.88	680.78	500.34
Net Income to Common	347.79	430.68	725.88	680.78	500.34
Net Income Growth	-19.25%	-40.67%	6.63%	36.06%	126.43%
Shares Outstanding (Basic)	1,015	1,009	1,003	995	1,012
Shares Outstanding (Diluted)	1,035	1,030	1,020	1,000	1,012
Shares Change (YoY)	0.51%	0.99%	2.00%	-1.22%	-0.55%
EPS (Basic)	0.34	0.43	0.72	0.68	0.49
EPS (Diluted)	0.34	0.42	0.71	0.68	0.49
EPS Growth	-19.66%	-41.25%	4.52%	37.75%	127.72%
Free Cash Flow	-	474.99	709.16	726.87	501.53
Free Cash Flow Per Share	-	0.46	0.69	0.73	0.50
Dividend Per Share	-	0.141	0.209	0.186	-
Dividend Growth	-	-32.48%	12.39%	-	-
Gross Margin	50.82%	55.42%	59.79%	64.39%	61.42%
Operating Margin	23.22%	32.57%	39.75%	40.53%	38.62%
Profit Margin	22.50%	25.98%	35.25%	38.52%	33.95%
Free Cash Flow Margin	-	28.65%	34.44%	41.13%	34.03%
EBITDA	363.96	544.99	824.05	721.18	572.49
EBITDA Margin	23.55%	32.88%	40.01%	40.80%	38.84%
D&A For EBITDA	5.07	5.07	5.45	4.79	3.31
EBIT	358.89	539.92	818.6	716.38	569.18
EBIT Margin	23.22%	32.57%	39.75%	40.53%	38.62%
Effective Tax Rate	22.02%	29.64%	17.79%	10.57%	16.45%
Advertising Expenses	-	105.47	116.35	158.26	138.94

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.