HKG:0081 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	36,874	45,895	56,408	57,492	53,830
Revenue Growth (YoY)	-19.66%	-18.64%	-1.88%	6.80%	25.45%
Cost of Revenue	33,228	41,376	48,563	46,543	41,431
Gross Profit	3,646	4,519	7,846	10,949	12,399
Selling, General & Admin	1,910	2,136	2,448	2,558	2,731
Other Operating Expenses	-238.27	-39.9	-37.33	-192.67	-106.5
Operating Expenses	1,672	2,096	2,411	2,365	2,625
Operating Income	1,974	2,423	5,435	8,584	9,774
Interest Expense	-49.93	-59.45	-65.24	-63.4	-54.1
Interest & Investment Income	-	222.82	372.32	358.2	353.7
Earnings From Equity Investments	-113.07	10.1	-18.68	-223.46	-7.17
Currency Exchange Gain (Loss)	-	235	-66.51	-3.56	-18.41
EBT Excluding Unusual Items	1,811	2,832	5,657	8,652	10,048
Gain (Loss) on Sale of Assets	-	1.91	0.22	0.18	0.27
Asset Writedown	-445.35	-673.02	-1,534	-2,673	100.68
Pretax Income	1,366	2,161	4,123	5,979	10,149
Income Tax Expense	816.34	944.9	2,098	2,923	4,504
Earnings From Continuing Operations	549.33	1,216	2,025	3,056	5,645
Minority Interest in Earnings	-244.67	-261.79	276.73	94.32	-594.33
Net Income	304.66	954.05	2,302	3,150	5,051
Net Income to Common	304.66	954.05	2,302	3,150	5,051
Net Income Growth	-68.07%	-58.55%	-26.94%	-37.62%	15.45%
Shares Outstanding (Basic)	3,559	3,559	3,559	3,475	3,423
Shares Outstanding (Diluted)	3,559	3,559	3,559	3,475	3,423
Shares Change (YoY)	-	-	2.43%	1.50%	-
EPS (Basic)	0.09	0.27	0.65	0.91	1.48
EPS (Diluted)	0.09	0.27	0.65	0.91	1.48
EPS Growth	-68.06%	-58.56%	-28.68%	-38.53%	15.42%
Free Cash Flow	-	9,024	9,068	484.08	-6,888
Free Cash Flow Per Share	-	2.54	2.55	0.14	-2.01
Dividend Per Share	0.031	0.094	0.145	0.186	0.310
Dividend Growth	-66.53%	-35.30%	-21.82%	-40.00%	6.57%
Gross Margin	9.89%	9.85%	13.91%	19.05%	23.03%
Operating Margin	5.35%	5.28%	9.63%	14.93%	18.16%
Profit Margin	0.83%	2.08%	4.08%	5.48%	9.38%
Free Cash Flow Margin	-	19.66%	16.08%	0.84%	-12.80%
EBITDA	2,069	2,519	5,527	8,653	9,841
EBITDA Margin	5.61%	5.49%	9.80%	15.05%	18.28%
D&A For EBITDA	95.36	95.36	91.98	69.16	66.72
EBIT	1,974	2,423	5,435	8,584	9,774
EBIT Margin	5.35%	5.28%	9.63%	14.93%	18.16%
Effective Tax Rate	59.78%	43.73%	50.88%	48.88%	44.38%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.