HKG:9689 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	742.33	1,120	1,240	1,535	2,043	1,100
Revenue Growth (YoY)	-41.11%	-9.67%	-19.23%	-24.90%	85.72%	-48.62%
Cost of Revenue	730.07	1,107	1,182	1,462	1,953	1,031
Gross Profit	12.25	12.78	57.9	72.91	90.73	69.45
Selling, General & Admin	23.5	24.69	39.82	27.89	34.15	41.27
Other Operating Expenses	4.97	-0.08	-0.02	-3.1	-0.01	-1.42
Operating Expenses	28.47	24.61	39.79	24.8	34.14	40.15
Operating Income	-16.21	-11.83	18.11	48.12	56.59	29.31
Interest Expense	-1.39	-0.18	-0.18	-0.21	-0.22	-0.25
Interest & Investment Income	1.33	1.18	0.93	1.04	0.29	0.29
Currency Exchange Gain (Loss)	0.02	0.23	0.15	0.15	-0.02	-0.62
EBT Excluding Unusual Items	-16.26	-10.6	19	49.1	56.65	28.73
Legal Settlements	-	-	-13.27	-	-	-
Pretax Income	-18.01	-10.6	5.73	49.1	56.65	28.73
Income Tax Expense	-4.61	-1.76	7.24	17.35	19.56	13.53
Net Income	-13.4	-8.84	-1.51	31.75	37.09	15.21
Net Income to Common	-13.4	-8.84	-1.51	31.75	37.09	15.21
Net Income Growth	-	-	-	-14.40%	143.91%	-61.86%
Shares Outstanding (Basic)	930	930	930	930	930	923
Shares Outstanding (Diluted)	930	930	930	930	930	923
Shares Change (YoY)	-	-	-	-	0.80%	71.69%
EPS (Basic)	-0.01	-0.01	-0.00	0.03	0.04	0.02
EPS (Diluted)	-0.01	-0.01	-0.00	0.03	0.04	0.02
EPS Growth	-	-	-	-14.40%	141.97%	-77.79%
Free Cash Flow	91.34	-172.02	82.54	98.01	-55.61	-32.98
Free Cash Flow Per Share	0.10	-0.18	0.09	0.10	-0.06	-0.04
Gross Margin	1.65%	1.14%	4.67%	4.75%	4.44%	6.31%
Operating Margin	-2.18%	-1.06%	1.46%	3.14%	2.77%	2.66%
Profit Margin	-1.80%	-0.79%	-0.12%	2.07%	1.81%	1.38%
Free Cash Flow Margin	12.30%	-15.36%	6.66%	6.39%	-2.72%	-3.00%
EBITDA	-15.25	-10.89	19.23	49.25	57.73	30.44
EBITDA Margin	-2.05%	-0.97%	1.55%	3.21%	2.83%	2.77%
D&A For EBITDA	0.96	0.94	1.12	1.14	1.13	1.14
EBIT	-16.21	-11.83	18.11	48.12	56.59	29.31
EBIT Margin	-2.18%	-1.06%	1.46%	3.14%	2.77%	2.66%
Effective Tax Rate	-	-	126.32%	35.34%	34.53%	47.08%

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