HKG:0322 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	79,068	80,651	80,418	78,717	74,082
Revenue Growth (YoY)	-1.96%	0.29%	2.16%	6.26%	9.56%
Cost of Revenue	51,536	53,999	56,009	56,182	51,572
Gross Profit	27,532	26,652	24,409	22,535	22,510
Selling, General & Admin	21,121	20,869	20,499	19,206	18,178
Other Operating Expenses	205.63	226.43	172.5	386.41	230
Operating Expenses	21,326	21,096	20,672	19,593	18,408
Operating Income	6,206	5,556	3,737	2,942	4,103
Interest Expense	-320.82	-423.31	-519.12	-446.02	-223.49
Interest & Investment Income	312.15	359.52	540.82	651.83	786.02
Earnings From Equity Investments	112.82	129.94	126.95	127.32	121.82
Currency Exchange Gain (Loss)	-2.06	3.5	-2.63	-30.16	36.03
Other Non Operating Income (Expenses)	450.71	428.17	595.66	847.77	827.66
EBT Excluding Unusual Items	6,758	6,054	4,479	4,093	5,651
Gain (Loss) on Sale of Investments	-5.31	14.96	-0.13	10.1	-21.24
Gain (Loss) on Sale of Assets	212.86	-9.11	300.43	45.7	179.22
Pretax Income	6,966	6,060	4,779	4,149	5,809
Income Tax Expense	1,790	1,738	1,263	1,073	1,425
Earnings From Continuing Operations	5,176	4,322	3,517	3,076	4,384
Minority Interest in Earnings	-675.15	-587.71	-399.21	-443.52	-581.19
Net Income	4,501	3,734	3,117	2,632	3,802
Net Income to Common	4,501	3,734	3,117	2,632	3,802
Net Income Growth	20.52%	19.79%	18.43%	-30.77%	-6.40%
Shares Outstanding (Basic)	5,636	5,634	5,634	5,633	5,627
Shares Outstanding (Diluted)	5,637	5,635	5,636	5,635	5,632
Shares Change (YoY)	0.04%	-0.02%	0.01%	0.06%	0.04%
EPS (Basic)	0.80	0.66	0.55	0.47	0.68
EPS (Diluted)	0.80	0.66	0.55	0.47	0.68
EPS Growth	20.46%	19.83%	18.41%	-30.81%	-6.43%
Free Cash Flow	-	4,727	1,934	1,351	2,452
Free Cash Flow Per Share	-	0.84	0.34	0.24	0.43
Dividend Per Share	0.399	0.331	0.277	0.234	0.338
Dividend Growth	20.46%	19.81%	18.41%	-30.81%	-6.66%
Gross Margin	34.82%	33.05%	30.35%	28.63%	30.39%
Operating Margin	7.85%	6.89%	4.65%	3.74%	5.54%
Profit Margin	5.69%	4.63%	3.88%	3.34%	5.13%
Free Cash Flow Margin	-	5.86%	2.40%	1.72%	3.31%
EBITDA	9,391	8,741	6,856	5,885	6,937
EBITDA Margin	11.88%	10.84%	8.53%	7.48%	9.37%
D&A For EBITDA	3,185	3,185	3,118	2,943	2,835
EBIT	6,206	5,556	3,737	2,942	4,103
EBIT Margin	7.85%	6.89%	4.65%	3.74%	5.54%
Effective Tax Rate	25.70%	28.67%	26.42%	25.86%	24.53%

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