HKG:0154 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	1,421	1,664	1,612	2,205	1,971
Revenue Growth (YoY)	-14.62%	3.25%	-26.91%	11.92%	30.69%
Selling, General & Admin	188.28	173.12	195.77	178.97	157.46
Provision for Bad Debts	8.56	18.13	27.38	-	-
Other Operating Expenses	758.99	992.21	972.11	1,468	1,444
Total Operating Expenses	955.83	1,183	1,195	1,647	1,601
Operating Income	464.98	480.66	416.54	558.63	369.48
Interest Expense	-149.64	-110.44	-162.7	-140.76	-56.99
Interest Income	10.04	9.75	21.35	13.65	8.73
Net Interest Expense	-139.6	-100.69	-141.35	-127.1	-48.26
Currency Exchange Gain (Loss)	3.62	-2.42	-5.97	-7.36	5.83
Other Non-Operating Income (Expenses)	0	-0.68	-0.57	-0.55	-0.46
EBT Excluding Unusual Items	329	376.88	268.65	423.62	326.6
Gain (Loss) on Sale of Assets	-	-0.09	-0.04	-0.25	-8.65
Asset Writedown	-	-	-14.78	-73.44	-99.29
Other Unusual Items	-	-	-	-	0.14
Pretax Income	329	376.78	253.83	349.94	218.8
Income Tax Expense	75.43	68.55	53.62	68.38	18.7
Earnings From Continuing Ops.	253.57	308.24	200.21	281.56	200.1
Earnings From Discontinued Ops.	-	-5.49	1.33	-	-
Net Income to Company	253.57	302.75	201.54	281.56	200.1
Minority Interest in Earnings	-21.39	-16.6	-10.59	22.19	15.02
Net Income	232.18	286.15	190.95	303.76	215.12
Net Income to Common	232.18	286.15	190.95	303.76	215.12
Net Income Growth	-18.86%	49.85%	-37.14%	41.21%	98.00%
Shares Outstanding (Basic)	1,500	1,500	1,500	1,500	1,500
Shares Outstanding (Diluted)	1,500	1,500	1,500	1,500	3,124
Shares Change (YoY)	-	-	-	-51.97%	-9.44%
EPS (Basic)	0.15	0.19	0.13	0.20	0.14
EPS (Diluted)	0.15	0.19	0.13	0.20	0.08
EPS Growth	-18.86%	49.85%	-37.13%	168.38%	94.39%
Free Cash Flow	-	388.24	495.85	612.51	128.61
Free Cash Flow Per Share	-	0.26	0.33	0.41	0.04
Profit Margin	16.34%	17.20%	11.85%	13.77%	10.92%
Free Cash Flow Margin	-	23.33%	30.76%	27.77%	6.53%
EBITDA	680.06	695.74	641.61	750.93	516.67
EBITDA Margin	47.86%	41.81%	39.81%	34.05%	26.22%
D&A For EBITDA	215.08	215.08	225.07	192.3	147.19
EBIT	464.98	480.66	416.54	558.63	369.48
EBIT Margin	32.73%	28.88%	25.84%	25.33%	18.75%
Effective Tax Rate	22.93%	18.19%	21.12%	19.54%	8.55%

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