HKG:2877 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	3,135	3,778	4,517	3,951	3,224
Revenue Growth (YoY)	-17.01%	-16.35%	14.32%	22.55%	21.38%
Cost of Revenue	869.21	946.29	1,122	1,012	813.21
Gross Profit	2,266	2,832	3,394	2,938	2,410
Selling, General & Admin	1,445	1,889	2,308	2,098	1,756
Research & Development	103.1	100.52	110.46	117.45	112.71
Operating Expenses	1,584	1,996	2,424	2,225	1,876
Operating Income	682.07	835.99	970.1	713.58	534.37
Interest Expense	-5.69	-6.13	-2.74	-0.63	-1.25
Interest & Investment Income	393.31	189.35	105.51	99.1	104.14
Currency Exchange Gain (Loss)	31.16	-55.44	6.61	-8.52	-2.9
Other Non Operating Income (Expenses)	163.58	177.94	163.17	113.37	102.23
EBT Excluding Unusual Items	1,264	1,142	1,243	916.9	736.58
Gain (Loss) on Sale of Assets	4.83	4.01	-2.39	0.13	-16.47
Pretax Income	1,269	1,146	1,240	917.03	720.1
Income Tax Expense	319.32	305.67	270.74	194.25	163.43
Earnings From Continuing Operations	949.95	840.05	969.51	722.77	556.67
Net Income	949.95	840.05	969.51	722.77	556.67
Net Income to Common	949.95	840.05	969.51	722.77	556.67
Net Income Growth	13.08%	-13.35%	34.14%	29.84%	88.68%
Shares Outstanding (Basic)	755	755	755	755	755
Shares Outstanding (Diluted)	755	755	755	755	755
Shares Change (YoY)	-	-	-	0.03%	-0.21%
EPS (Basic)	1.26	1.11	1.28	0.96	0.74
EPS (Diluted)	1.26	1.11	1.28	0.96	0.74
EPS Growth	13.29%	-13.51%	34.14%	29.79%	89.08%
Free Cash Flow	974.13	823.02	788.31	980.21	609.52
Free Cash Flow Per Share	1.29	1.09	1.04	1.30	0.81
Dividend Per Share	0.470	0.540	0.420	0.320	0.390
Dividend Growth	-12.96%	28.57%	31.25%	-17.95%	21.88%
Gross Margin	72.28%	74.95%	75.15%	74.38%	74.77%
Operating Margin	21.75%	22.13%	21.48%	18.06%	16.58%
Profit Margin	30.30%	22.23%	21.47%	18.30%	17.27%
Free Cash Flow Margin	31.07%	21.78%	17.45%	24.81%	18.91%
EBITDA	739.53	891.44	1,019	888.23	705.11
EBITDA Margin	23.59%	23.59%	22.56%	22.48%	21.87%
D&A For EBITDA	57.46	55.45	49.02	174.65	170.75
EBIT	682.07	835.99	970.1	713.58	534.37
EBIT Margin	21.75%	22.13%	21.48%	18.06%	16.58%
Effective Tax Rate	25.16%	26.68%	21.83%	21.18%	22.70%

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