HKG:3978 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	1,904	1,102	489.31	491.13	1,899
Revenue Growth (YoY)	72.82%	125.21%	-0.37%	-74.13%	12.49%
Cost of Revenue	1,041	591.88	259.46	318.07	1,169
Gross Profit	863.86	510.12	229.86	173.06	729.35
Selling, General & Admin	372.58	216.29	83.97	121.14	403.95
Other Operating Expenses	104.49	36.96	14.38	44.42	139.34
Operating Expenses	477.06	253.25	98.35	165.56	543.29
Operating Income	386.79	256.87	131.51	7.5	186.06
Interest Expense	-13.54	-11.74	-8.97	-12.37	-57.8
Interest & Investment Income	23.14	18.35	14.92	30.75	29.57
Earnings From Equity Investments	-1.92	-0.17	-1.88	-1.2	-8.23
Currency Exchange Gain (Loss)	-2.83	-0.34	0.17	1.36	-0.32
Other Non Operating Income (Expenses)	-2.63	-7.41	0.45	-4.31	-24.19
EBT Excluding Unusual Items	389	255.56	136.2	21.73	125.1
Gain (Loss) on Sale of Investments	-6.38	-0.27	-23.78	10.89	-256.08
Gain (Loss) on Sale of Assets	-2.9	-6.23	-1.05	-1.56	-154.63
Asset Writedown	-10.66	-	-0.2	-	-18.23
Other Unusual Items	11.28	-0.58	1.59	13.19	30.38
Pretax Income	380.34	248.47	112.76	44.25	-273.46
Income Tax Expense	77.88	56.13	22.88	-9.83	52.14
Earnings From Continuing Operations	302.46	192.34	89.88	54.07	-325.59
Net Income to Company	302.46	192.34	89.88	54.07	-325.59
Minority Interest in Earnings	-1	0.11	1.37	2.21	0.56
Net Income	301.47	192.45	91.25	56.29	-325.03
Net Income to Common	301.47	192.45	91.25	56.29	-325.03
Net Income Growth	56.65%	110.91%	62.11%	-	-
Shares Outstanding (Basic)	762	751	753	752	753
Shares Outstanding (Diluted)	777	753	753	753	753
Shares Change (YoY)	3.26%	-0.02%	0.04%	-0.07%	-7.23%
EPS (Basic)	0.40	0.26	0.12	0.07	-0.43
EPS (Diluted)	0.39	0.26	0.12	0.07	-0.43
EPS Growth	51.72%	110.91%	62.02%	-	-
Free Cash Flow	548.84	770.72	274.2	-76.04	-182.9
Free Cash Flow Per Share	0.71	1.02	0.36	-0.10	-0.24
Dividend Per Share	0.213	0.114	0.032	-	-
Dividend Growth	86.84%	256.25%	-	-	-
Gross Margin	45.36%	46.29%	46.98%	35.24%	38.41%
Operating Margin	20.31%	23.31%	26.88%	1.53%	9.80%
Profit Margin	15.83%	17.46%	18.65%	11.46%	-17.12%
Free Cash Flow Margin	28.82%	69.94%	56.04%	-15.48%	-9.63%
EBITDA	417.96	277.66	152.85	26.21	261.67
EBITDA Margin	21.95%	25.20%	31.24%	5.34%	13.78%
D&A For EBITDA	31.17	20.79	21.34	18.71	75.61
EBIT	386.79	256.87	131.51	7.5	186.06
EBIT Margin	20.31%	23.31%	26.88%	1.53%	9.80%
Effective Tax Rate	20.47%	22.59%	20.29%	-	-

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