Guangdong Investment Income Statement

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

Millions HKD. 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	18,687	18,505	20,322	23,196	29,715	23,173
Revenue Growth (YoY)	-27.87%	-8.94%	-12.39%	-21.94%	28.23%	38.83%
Cost of Revenue	8,684	8,683	10,668	13,373	18,078	13,789
Gross Profit	10,003	9,822	9,655	9,823	11,638	9,384
Selling, General & Admin	3,006	3,006	3,060	3,560	3,665	2,498
Other Operating Expenses	-54.02	-54.02	-96.98	-136.86	-28.93	-63.34
Operating Expenses	2,952	2,952	2,963	3,423	3,636	2,435
Operating Income	7,052	6,871	6,691	6,400	8,002	6,949
Interest Expense	-622.07	-917.07	-1,005	-856.52	-539.13	-291.87
Interest & Investment Income	331.11	331.11	293.63	258.94	349.51	444.8
Earnings From Equity Investments	172.02	172.02	193.41	44.52	-39.51	216.25
Currency Exchange Gain (Loss)	32.76	38.76	1.15	48.03	-85.45	-88.27
Other Non Operating Income (Expenses)	138.7	138.7	153.6	147.72	139.43	139.95
EBT Excluding Unusual Items	7,104	6,634	6,328	6,042	7,827	7,370
Merger & Restructuring Charges	-	-	-3.01	-2.92	-5.88	-2.52
Impairment of Goodwill	-30.71	-30.71	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-4.6	-	-
Gain (Loss) on Sale of Assets	-42.05	-42.05	-0.19	193.07	-2.33	76.56
Asset Writedown	6.18	-67.82	100.2	937.01	638.14	757.12
Other Unusual Items	-	-	0.62	78.55	-	-
Pretax Income	7,038	6,494	6,426	7,244	8,457	8,201
Income Tax Expense	1,946	1,853	1,658	1,719	2,969	2,563
Earnings From Continuing Operations	5,092	4,641	4,767	5,524	5,488	5,638
Earnings From Discontinued Operations	-938.43	-960.76	-1,099	-	-	-
Net Income to Company	4,154	3,680	3,668	5,524	5,488	5,638
Minority Interest in Earnings	-538.2	-538.2	-546.31	-760.69	-790.62	-1,128
Net Income	3,615	3,142	3,122	4,764	4,697	4,510
Net Income to Common	3,615	3,142	3,122	4,764	4,697	4,510
Net Income Growth	25.20%	0.64%	-34.46%	1.42%	4.15%	-10.60%
Shares Outstanding (Basic)	6,538	6,538	6,538	6,538	6,538	6,538
Shares Outstanding (Diluted)	6,538	6,538	6,538	6,538	6,538	6,538
EPS (Basic)	0.55	0.48	0.48	0.73	0.72	0.69
EPS (Diluted)	0.55	0.48	0.48	0.73	0.72	0.69
EPS Growth	-	0.64%	-34.46%	1.42%	4.15%	-10.60%
Free Cash Flow	-	10,101	9,982	-2,111	-5,787	2,587
Free Cash Flow Per Share	-	1.54	1.53	-0.32	-0.89	0.40
Dividend Per Share	0.339	0.312	0.310	0.613	0.607	0.589
Dividend Growth	-6.53%	0.64%	-49.39%	1.02%	3.00%	1.97%
Gross Margin	53.53%	53.08%	47.51%	42.35%	39.16%	40.49%
Operating Margin	37.74%	37.13%	32.92%	27.59%	26.93%	29.99%
Profit Margin	19.35%	16.98%	15.36%	20.54%	15.81%	19.46%
Free Cash Flow Margin	-	54.58%	49.12%	-9.10%	-19.48%	11.16%
EBITDA	9,495	9,298	9,098	8,389	9,814	8,496
EBITDA Margin	50.81%	50.25%	44.77%	36.17%	33.03%	36.66%
D&A For EBITDA	2,443	2,427	2,407	1,989	1,812	1,547
EBIT	7,052	6,871	6,691	6,400	8,002	6,949
EBIT Margin	37.74%	37.13%	32.92%	27.59%	26.93%	29.99%
Effective Tax Rate	27.65%	28.53%	25.81%	23.74%	35.11%	31.25%

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