HKG:9699 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	22,899	15,746	12,387	10,229	8,174
Revenue Growth (YoY)	45.42%	27.11%	21.10%	25.14%	68.77%
Cost of Revenue	21,454	14,675	11,593	9,818	8,079
Gross Profit	1,445	1,071	794.74	410.73	94.81
Selling, General & Admin	1,097	870.86	730.03	665.13	925.48
Research & Development	114.55	108.11	91.72	90.66	123.44
Other Operating Expenses	-45.36	-7.12	-34.16	-45.86	-32.89
Operating Expenses	1,166	974.92	791.18	711.91	1,020
Operating Income	278.46	96.58	3.56	-301.18	-925.29
Interest Expense	-0.74	-0.78	-1.3	-2.51	-7.63
Interest & Investment Income	16.61	29.36	41.42	44.91	21.74
Earnings From Equity Investments	13.75	-0.9	3.31	-	-
Currency Exchange Gain (Loss)	-	0.56	-1.06	6.21	8.72
Other Non Operating Income (Expenses)	-	-0.05	-0.16	0.06	-0.42
EBT Excluding Unusual Items	308.08	124.77	45.78	-252.51	-902.88
Gain (Loss) on Sale of Investments	-	19.63	16.92	12.88	0.08
Gain (Loss) on Sale of Assets	-	-0.09	-0	0.05	0.21
Other Unusual Items	-	0.66	-0.1	-	-
Pretax Income	308.08	144.96	62.59	-239.59	-902.59
Income Tax Expense	30.36	12.5	-2.27	-1.94	-3.74
Earnings From Continuing Operations	277.72	132.46	64.86	-237.64	-898.85
Earnings From Discontinued Operations	-	-	-14.26	-49.26	-
Net Income	277.72	132.46	50.6	-286.9	-898.85
Net Income to Common	277.72	132.46	50.6	-286.9	-898.85
Net Income Growth	109.66%	161.81%	-	-	-
Shares Outstanding (Basic)	908	912	931	933	702
Shares Outstanding (Diluted)	921	913	932	933	702
Shares Change (YoY)	0.78%	-1.95%	-0.20%	33.02%	48.08%
EPS (Basic)	0.31	0.15	0.05	-0.31	-1.28
EPS (Diluted)	0.30	0.15	0.05	-0.31	-1.28
EPS Growth	106.48%	167.45%	-	-	-
Free Cash Flow	350.53	256.5	258.48	-424.05	-549.24
Free Cash Flow Per Share	0.38	0.28	0.28	-0.45	-0.78
Gross Margin	6.31%	6.80%	6.42%	4.01%	1.16%
Operating Margin	1.22%	0.61%	0.03%	-2.94%	-11.32%
Profit Margin	1.21%	0.84%	0.41%	-2.80%	-11.00%
Free Cash Flow Margin	1.53%	1.63%	2.09%	-4.15%	-6.72%
EBITDA	288.88	102.53	11.71	-293.13	-917.75
EBITDA Margin	1.26%	0.65%	0.10%	-2.87%	-11.23%
D&A For EBITDA	10.42	5.96	8.16	8.05	7.54
EBIT	278.46	96.58	3.56	-301.18	-925.29
EBIT Margin	1.22%	0.61%	0.03%	-2.94%	-11.32%
Effective Tax Rate	9.86%	8.63%	-	-	-

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