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	3.02	0.18	2.06	1.69	3.24
Operating Expenses	403.81	378.71	412.76	421.6	336.2
Operating Income	381.69	539.92	818.6	716.38	569.18
Interest Expense	-1.01	-0.79	-0.64	-0.7	-0.64
Interest & Investment Income	63.39	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)	-8.45	-8.16	-8.06	-4.55	-
Other Non Operating Income (Expenses)	6.35	2.29	17.41	19.27	8.2
EBT Excluding Unusual Items	436.39	606.73	884.97	748.92	586.96
Gain (Loss) on Sale of Investments	9.63	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)	0.50%	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	0.359	0.141	0.209	0.186	-
Dividend Growth	155.01%	-32.48%	12.39%	-	-
Gross Margin	50.82%	55.42%	59.79%	64.39%	61.42%
Operating Margin	24.70%	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	386.76	544.99	824.05	721.18	572.49
EBITDA Margin	25.02%	32.88%	40.01%	40.80%	38.84%
D&A For EBITDA	5.07	5.07	5.45	4.79	3.31
EBIT	381.69	539.92	818.6	716.38	569.18
EBIT Margin	24.70%	32.57%	39.75%	40.53%	38.62%
Effective Tax Rate	22.02%	29.64%	17.79%	10.57%	16.45%
Advertising Expenses	130.9	105.47	116.35	158.26	138.94

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.