HKG:9981 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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	8,023	6,762	5,557	5,219	5,293	3,996
Other Revenue	164.77	164.77	165.8	121.83	113.93	99.18
Revenue	8,188	6,927	5,723	5,341	5,407	4,095
Revenue Growth (YoY)	25.37%	21.02%	7.16%	-1.21%	32.04%	2.93%
Cost of Revenue	5,650	4,756	3,873	3,671	3,664	2,490
Gross Profit	2,538	2,170	1,850	1,670	1,742	1,604
Selling, General & Admin	690.89	656.17	595.08	567.31	624.1	684.65
Research & Development	417.66	348.69	309.96	305.81	323.97	272.81
Other Operating Expenses	41.47	18.89	26.91	44.71	38.47	34.82
Operating Expenses	1,177	1,050	947.96	942.63	1,004	1,003
Operating Income	1,361	1,120	902.12	727.63	738.53	601.14
Interest Expense	-61.2	-61.73	-66.17	-89.05	-107.96	-123.79
Interest & Investment Income	23.72	33.93	24.29	17.13	12.36	7.15
Currency Exchange Gain (Loss)	8.53	8.53	4.29	14.68	-3.72	-18.11
Other Non Operating Income (Expenses)	-5.28	-6.07	-3.58	-4.81	-4.52	-7.03
EBT Excluding Unusual Items	1,327	1,095	860.95	665.59	634.68	459.36
Impairment of Goodwill	-36.48	-36.48	-28.67	-	-	-
Gain (Loss) on Sale of Investments	-0.61	0.17	0.24	-	-	-
Gain (Loss) on Sale of Assets	0.45	0.63	-0.98	0.95	-2.98	-3.17
Asset Writedown	-35.89	-12.32	-3.64	-4.94	-7.42	-16.83
Other Unusual Items	43.29	26.72	44.97	65.76	31.88	55.11
Pretax Income	1,298	1,074	872.88	727.36	656.16	494.47
Income Tax Expense	203.04	153.36	115.15	67.11	71.59	66.34
Earnings From Continuing Operations	1,095	920.5	757.73	660.25	584.56	428.14
Minority Interest in Earnings	-80.27	-72.95	-57.24	-45.62	-31.85	-32.38
Net Income	1,014	847.55	700.48	614.62	552.71	395.75
Net Income to Common	1,014	847.55	700.48	614.62	552.71	395.75
Net Income Growth	15.86%	21.00%	13.97%	11.20%	39.66%	88.82%
Shares Outstanding (Basic)	1,237	1,246	1,251	1,254	1,256	1,277
Shares Outstanding (Diluted)	1,237	1,246	1,251	1,254	1,256	1,277
Shares Change (YoY)	-1.12%	-0.36%	-0.28%	-0.14%	-1.60%	3.55%
EPS (Basic)	0.82	0.68	0.56	0.49	0.44	0.31
EPS (Diluted)	0.82	0.68	0.56	0.49	0.44	0.31
EPS Growth	17.17%	21.43%	14.29%	11.36%	41.94%	82.35%
Free Cash Flow	69.55	452.16	577.65	500.02	292.44	467.68
Free Cash Flow Per Share	0.06	0.36	0.46	0.40	0.23	0.37
Dividend Per Share	0.137	0.137	0.170	0.040	0.035	0.030
Dividend Growth	-19.62%	-19.62%	325.00%	14.29%	16.67%	50.00%
Gross Margin	30.99%	31.33%	32.33%	31.27%	32.22%	39.18%
Operating Margin	16.62%	16.18%	15.76%	13.62%	13.66%	14.68%
Profit Margin	12.39%	12.24%	12.24%	11.51%	10.22%	9.66%
Free Cash Flow Margin	0.85%	6.53%	10.09%	9.36%	5.41%	11.42%
EBITDA	1,594	1,341	1,106	934.48	943.17	814.65
EBITDA Margin	19.47%	19.36%	19.32%	17.50%	17.45%	19.89%
D&A For EBITDA	233.31	220.71	203.9	206.85	204.65	213.51
EBIT	1,361	1,120	902.12	727.63	738.53	601.14
EBIT Margin	16.62%	16.18%	15.76%	13.62%	13.66%	14.68%
Effective Tax Rate	15.65%	14.28%	13.19%	9.23%	10.91%	13.41%
Revenue as Reported	8,188	6,927	5,723	5,341	5,407	4,095
Advertising Expenses	-	19.44	15.16	21.16	23.26	38.7

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