Shui On Land 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	4,093	8,173	9,752	15,565	17,555
Revenue Growth (YoY)	-49.92%	-16.19%	-37.35%	-11.34%	281.88%
Cost of Revenue	1,978	2,945	4,707	8,916	10,382
Gross Profit	2,115	5,228	5,045	6,649	7,173
Selling, General & Admin	935	1,065	1,160	1,119	1,120
Operating Expenses	935	1,065	1,160	1,119	1,253
Operating Income	1,180	4,163	3,885	5,530	5,920
Interest Expense	-1,369	-1,844	-2,073	-1,619	-1,143
Interest & Investment Income	85	267	371	341	222
Earnings From Equity Investments	-238	217	781	-151	620
Currency Exchange Gain (Loss)	-85	-102	-37	-495	255
Other Non Operating Income (Expenses)	-967	-301	-260	-85	-238
EBT Excluding Unusual Items	-1,394	2,400	2,667	3,521	5,636
Gain (Loss) on Sale of Assets	-	954	-	-	-
Asset Writedown	-643	-207	32	-114	35
Other Unusual Items	-	-	-	-116	-234
Pretax Income	-2,037	3,147	2,699	3,291	5,437
Income Tax Expense	-304	2,337	1,302	1,932	3,463
Earnings From Continuing Operations	-1,733	810	1,397	1,359	1,974
Minority Interest in Earnings	-49	-630	-587	-453	-338
Net Income	-1,782	180	810	906	1,636
Net Income to Common	-1,782	180	810	906	1,636
Net Income Growth	-	-77.78%	-10.60%	-44.62%	-
Shares Outstanding (Basic)	8,009	8,009	8,009	8,035	8,044
Shares Outstanding (Diluted)	8,009	8,009	8,009	8,035	8,044
Shares Change (YoY)	-	-	-0.32%	-0.11%	-
EPS (Basic)	-0.22	0.02	0.10	0.11	0.20
EPS (Diluted)	-0.22	0.02	0.10	0.11	0.20
EPS Growth	-	-78.22%	-10.43%	-44.45%	-
Free Cash Flow	-	604	1,114	4,046	10,159
Free Cash Flow Per Share	-	0.07	0.14	0.50	1.26
Dividend Per Share	-	0.034	0.082	0.088	0.098
Dividend Growth	-	-58.59%	-7.64%	-9.52%	-
Gross Margin	51.67%	63.97%	51.73%	42.72%	40.86%
Operating Margin	28.83%	50.94%	39.84%	35.53%	33.72%
Profit Margin	-43.54%	2.20%	8.31%	5.82%	9.32%
Free Cash Flow Margin	-	7.39%	11.42%	25.99%	57.87%
EBITDA	1,267	4,250	4,001	5,645	6,025
EBITDA Margin	30.95%	52.00%	41.03%	36.27%	34.32%
D&A For EBITDA	87	87	116	115	105
EBIT	1,180	4,163	3,885	5,530	5,920
EBIT Margin	28.83%	50.94%	39.84%	35.53%	33.72%
Effective Tax Rate	-	74.26%	48.24%	58.71%	63.69%

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