HKG:2720 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	662.47	573.46	463.25	818.41
Revenue Growth (YoY)	15.52%	23.79%	-43.40%	-
Cost of Revenue	476.27	420.78	340.03	628.28
Gross Profit	186.2	152.68	123.22	190.13
Selling, General & Admin	79.58	66.98	43.76	43.04
Research & Development	5.31	3.54	3.91	0.52
Other Operating Expenses	0.09	4.3	8.19	1.88
Operating Expenses	85.14	74.94	56.12	45.52
Operating Income	101.07	77.74	67.1	144.61
Interest Expense	-5.15	-0.82	-0.36	-0.17
Interest & Investment Income	2.49	0.15	0.07	0
Currency Exchange Gain (Loss)	-0.38	1.96	-2.25	7.96
EBT Excluding Unusual Items	98.02	79.03	64.56	152.41
Gain (Loss) on Sale of Assets	-0.01	-0.03	0.12	-
Pretax Income	98.01	79.01	64.68	152.41
Income Tax Expense	24.14	19.6	15.68	38.56
Earnings From Continuing Operations	73.87	59.41	49	113.85
Minority Interest in Earnings	-	-3.66	-3.03	-6.91
Net Income	73.87	55.74	45.97	106.94
Net Income to Common	73.87	55.74	45.97	106.94
Net Income Growth	32.52%	21.25%	-57.01%	-
Shares Outstanding (Basic)	100	100	-	-
Shares Outstanding (Diluted)	100	100	-	-
EPS (Basic)	0.74	0.56	-	-
EPS (Diluted)	0.74	0.56	-	-
EPS Growth	32.52%	-	-	-
Free Cash Flow	-	45.35	88.83	251.09
Free Cash Flow Per Share	-	0.45	-	-
Gross Margin	28.11%	26.62%	26.60%	23.23%
Operating Margin	15.26%	13.56%	14.49%	17.67%
Profit Margin	11.15%	9.72%	9.92%	13.07%
Free Cash Flow Margin	-	7.91%	19.18%	30.68%
EBITDA	105.32	81.99	71.48	146.33
EBITDA Margin	15.90%	14.30%	15.43%	17.88%
D&A For EBITDA	4.25	4.25	4.38	1.72
EBIT	101.07	77.74	67.1	144.61
EBIT Margin	15.26%	13.56%	14.49%	17.67%
Effective Tax Rate	24.63%	24.81%	24.24%	25.30%
Advertising Expenses	-	2.91	2.79	2

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