HKG:9985 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	7,224	6,266	4,872	4,632	4,800
Revenue Growth (YoY)	15.28%	28.63%	5.17%	-3.50%	16.50%
Cost of Revenue	3,757	3,250	2,549	2,673	3,007
Gross Profit	3,466	3,016	2,323	1,960	1,793
Selling, General & Admin	1,591	1,517	1,266	1,115	879.72
Other Operating Expenses	21.96	-78.29	-41.34	-109.26	-144.53
Operating Expenses	1,613	1,439	1,224	1,635	735.19
Operating Income	1,853	1,577	1,098	325.06	1,058
Interest Expense	-27.92	-19.23	-21.53	-13.38	-5.54
Interest & Investment Income	-	179.47	197.09	71.07	24.78
Currency Exchange Gain (Loss)	-	-26.54	-8.91	7.95	-6.15
Other Non Operating Income (Expenses)	204.77	-	-	-	-
EBT Excluding Unusual Items	2,030	1,711	1,265	390.7	1,071
Gain (Loss) on Sale of Investments	-	-120.06	19.38	30.89	27.42
Gain (Loss) on Sale of Assets	-	-7.53	-0.25	-2.19	-1.65
Asset Writedown	-	-21.97	-4.9	-7.03	-0.08
Pretax Income	2,030	1,561	1,279	412.38	1,097
Income Tax Expense	602.87	493.15	398.92	261.08	269.9
Earnings From Continuing Operations	1,427	1,068	880.35	151.3	826.73
Minority Interest in Earnings	-2.07	0.41	-	-	-
Net Income	1,425	1,069	880.35	151.3	826.73
Net Income to Common	1,425	1,069	880.35	151.3	826.73
Net Income Growth	33.38%	21.37%	481.87%	-81.70%	0.97%
Shares Outstanding (Basic)	2,375	2,313	2,310	2,163	2,036
Shares Outstanding (Diluted)	2,375	2,319	2,316	2,169	2,036
Shares Change (YoY)	2.45%	0.10%	6.79%	6.52%	2.33%
EPS (Basic)	0.60	0.46	0.38	0.07	0.41
EPS (Diluted)	0.60	0.46	0.38	0.07	0.41
EPS Growth	30.44%	21.05%	443.35%	-82.77%	-0.98%
Free Cash Flow	-	1,005	1,035	914.46	511.84
Free Cash Flow Per Share	-	0.43	0.45	0.42	0.25
Dividend Per Share	-	0.270	0.220	0.120	-
Dividend Growth	-	22.73%	83.33%	-	-
Gross Margin	47.99%	48.13%	47.68%	42.30%	37.35%
Operating Margin	25.66%	25.17%	22.55%	7.02%	22.04%
Profit Margin	19.73%	17.05%	18.07%	3.27%	17.22%
Free Cash Flow Margin	-	16.03%	21.24%	19.74%	10.66%
EBITDA	1,977	1,701	1,206	446.5	1,150
EBITDA Margin	27.37%	27.14%	24.76%	9.64%	23.95%
D&A For EBITDA	123.83	123.83	107.91	121.43	91.98
EBIT	1,853	1,577	1,098	325.06	1,058
EBIT Margin	25.66%	25.17%	22.55%	7.02%	22.04%
Effective Tax Rate	29.70%	31.59%	31.18%	63.31%	24.61%
Advertising Expenses	-	280.46	213.97	139.27	78.68

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.