HKG:2590 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	2,409	2,143	1,452
Revenue Growth (YoY)	12.42%	47.57%	-
Cost of Revenue	1,572	1,484	1,196
Gross Profit	837.17	659.27	256.55
Selling, General & Admin	665.93	772.76	676.46
Research & Development	282.05	379.87	436.79
Other Operating Expenses	-11.17	-13.35	-13.9
Operating Expenses	948.4	1,149	1,111
Operating Income	-111.23	-489.87	-854.09
Interest Expense	-13.92	-13.28	-12.49
Interest & Investment Income	15.56	27.24	4.39
Earnings From Equity Investments	0.02	14.9	-14.97
Currency Exchange Gain (Loss)	-28	-1.09	55.83
Other Non Operating Income (Expenses)	-3.58	-	-
EBT Excluding Unusual Items	-141.16	-462.1	-821.32
Gain (Loss) on Sale of Assets	-0.31	-6.32	-0.9
Asset Writedown	-	-6.09	-9.86
Other Unusual Items	-685.81	-648.01	-731.97
Pretax Income	-827.28	-1,123	-1,564
Income Tax Expense	4.22	4.16	3.05
Net Income	-831.5	-1,127	-1,567
Preferred Dividends & Other Adjustments	-621.84	-842.6	-1,140
Net Income to Common	-209.66	-284.09	-426.75
Shares Outstanding (Basic)	292	292	292
Shares Outstanding (Diluted)	292	292	292
EPS (Basic)	-0.72	-0.97	-1.46
EPS (Diluted)	-0.72	-0.97	-1.46
Free Cash Flow	-210.34	-525.46	-685.18
Free Cash Flow Per Share	-0.72	-1.80	-2.34
Gross Margin	34.75%	30.76%	17.67%
Operating Margin	-4.62%	-22.86%	-58.81%
Profit Margin	-8.70%	-13.26%	-29.39%
Free Cash Flow Margin	-8.73%	-24.52%	-47.18%
EBITDA	-84.6	-446.81	-797.63
EBITDA Margin	-3.51%	-20.85%	-54.93%
D&A For EBITDA	26.64	43.06	56.46
EBIT	-111.23	-489.87	-854.09
EBIT Margin	-4.62%	-22.86%	-58.81%

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