HKG:2729 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
Operating Revenue	850.1	616.5	514.31	579.74
Other Revenue	58.6	104.92	36.48	77.19
Revenue	908.7	721.42	550.79	656.92
Revenue Growth (YoY)	25.96%	30.98%	-16.16%	-
Cost of Revenue	754.29	607.86	459.12	553.5
Gross Profit	154.41	113.56	91.67	103.43
Selling, General & Admin	121.7	101.78	141.81	135.87
Research & Development	73.67	62	85.36	94.55
Other Operating Expenses	-11.44	-17.04	-4.22	-3.08
Operating Expenses	189.58	169.03	231.76	233.79
Operating Income	-35.17	-55.47	-140.09	-130.36
Interest Expense	-2.5	-3.45	-4.8	-1.69
Interest & Investment Income	4.54	7.68	11.1	6.09
Currency Exchange Gain (Loss)	0.06	-1.38	2.27	0.39
Other Non Operating Income (Expenses)	-135.9	-126.17	-	-
EBT Excluding Unusual Items	-168.97	-178.79	-131.52	-125.56
Gain (Loss) on Sale of Investments	1.15	1.81	0.61	0.45
Gain (Loss) on Sale of Assets	-2.82	-0.01	-4.47	-0.47
Asset Writedown	-	-	-7.09	-
Other Unusual Items	-	-	-98.92	-84.21
Pretax Income	-170.64	-176.92	-241.38	-208.94
Income Tax Expense	0.26	1.14	0.23	0.63
Earnings From Continuing Operations	-170.9	-178.06	-241.61	-209.57
Minority Interest in Earnings	-1.55	9.1	-0.1	0.23
Net Income	-172.45	-168.96	-241.72	-209.34
Net Income to Common	-172.45	-168.96	-241.72	-209.34
Shares Outstanding (Basic)	391	391	391	365
Shares Outstanding (Diluted)	391	391	391	365
Shares Change (YoY)	-	-	7.11%	-
EPS (Basic)	-0.44	-0.43	-0.62	-0.57
EPS (Diluted)	-0.44	-0.43	-0.62	-0.57
Free Cash Flow	-78.86	-24.08	-119.34	-200.03
Free Cash Flow Per Share	-0.20	-0.06	-0.30	-0.55
Gross Margin	16.99%	15.74%	16.64%	15.74%
Operating Margin	-3.87%	-7.69%	-25.43%	-19.84%
Profit Margin	-18.98%	-23.42%	-43.89%	-31.87%
Free Cash Flow Margin	-8.68%	-3.34%	-21.67%	-30.45%
EBITDA	-25.53	-44.95	-128.62	-125.55
EBITDA Margin	-2.81%	-6.23%	-23.35%	-19.11%
D&A For EBITDA	9.63	10.53	11.47	4.81
EBIT	-35.17	-55.47	-140.09	-130.36
EBIT Margin	-3.87%	-7.69%	-25.43%	-19.84%
Advertising Expenses	-	-	3.11	1.97

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