HKG:0386 Income Statement

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

Millions CNY. 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
Operating Revenue	2,765,950	3,015,321	3,146,873	3,257,356	2,679,500	2,049,456
Other Revenue	55,512	59,241	65,342	59,590	59,990	55,441
Revenue	2,821,462	3,074,562	3,212,215	3,316,946	2,739,490	2,104,897
Revenue Growth (YoY)	-9.24%	-4.29%	-3.16%	21.08%	30.15%	-28.85%
Cost of Revenue	2,220,283	2,449,614	2,569,412	2,684,756	2,076,665	1,594,130
Gross Profit	601,179	624,948	642,803	632,190	662,825	510,767
Selling, General & Admin	167,959	167,734	167,592	159,394	158,470	141,321
Other Operating Expenses	246,600	258,797	267,713	271,157	266,257	233,714
Operating Expenses	549,996	556,865	560,642	552,718	555,100	496,455
Operating Income	51,183	68,083	82,161	79,472	107,725	14,312
Interest Expense	-18,718	-18,601	-18,069	-16,769	-15,018	-15,194
Interest & Investment Income	5,589	6,604	7,657	20,326	6,030	42,547
Earnings From Equity Investments	8,553	8,961	6,199	14,479	23,253	6,712
Currency Exchange Gain (Loss)	-164	1,492	1,319	529	276	885
EBT Excluding Unusual Items	46,443	66,539	79,267	98,037	122,266	49,262
Gain (Loss) on Sale of Investments	-751	-	-	-	-	-1,955
Gain (Loss) on Sale of Assets	810	810	2,995	-722	-3,062	398
Asset Writedown	-2,275	-2,275	-1,861	-2,915	-10,035	-7,866
Other Unusual Items	4,068	4,068	3,533	-	-	8,304
Pretax Income	48,295	69,142	83,934	94,400	109,169	48,143
Income Tax Expense	7,697	12,966	16,070	17,901	23,318	6,219
Earnings From Continuing Operations	40,598	56,176	67,864	76,499	85,851	41,924
Minority Interest in Earnings	-4,704	-7,237	-9,554	-9,566	-13,876	-8,828
Net Income	35,894	48,939	58,310	66,933	71,975	33,096
Net Income to Common	35,894	48,939	58,310	66,933	71,975	33,096
Net Income Growth	-27.28%	-16.07%	-12.88%	-7.00%	117.47%	-42.44%
Shares Outstanding (Basic)	121,528	121,138	119,811	120,889	121,071	121,071
Shares Outstanding (Diluted)	121,528	121,138	119,811	120,889	121,071	121,071
Shares Change (YoY)	0.76%	1.11%	-0.89%	-0.15%	-	-
EPS (Basic)	0.30	0.40	0.49	0.55	0.59	0.27
EPS (Diluted)	0.30	0.40	0.49	0.55	0.59	0.27
EPS Growth	-27.83%	-16.99%	-12.10%	-6.79%	117.58%	-42.51%
Free Cash Flow	23,051	10,154	-10,018	-56,258	80,253	36,329
Free Cash Flow Per Share	0.19	0.08	-0.08	-0.47	0.66	0.30
Dividend Per Share	0.228	0.286	0.345	0.355	0.470	0.130
Dividend Growth	-34.10%	-17.10%	-2.82%	-24.47%	261.54%	-58.06%
Gross Margin	21.31%	20.33%	20.01%	19.06%	24.20%	24.27%
Operating Margin	1.81%	2.21%	2.56%	2.40%	3.93%	0.68%
Profit Margin	1.27%	1.59%	1.81%	2.02%	2.63%	1.57%
Free Cash Flow Margin	0.82%	0.33%	-0.31%	-1.70%	2.93%	1.73%
EBITDA	155,491	169,153	178,133	174,568	206,576	110,415
EBITDA Margin	5.51%	5.50%	5.54%	5.26%	7.54%	5.25%
D&A For EBITDA	104,308	101,070	95,972	95,096	98,851	96,103
EBIT	51,183	68,083	82,161	79,472	107,725	14,312
EBIT Margin	1.81%	2.21%	2.56%	2.40%	3.93%	0.68%
Effective Tax Rate	15.94%	18.75%	19.15%	18.96%	21.36%	12.92%
Revenue as Reported	2,821,462	3,074,562	3,212,215	3,318,168	2,740,884	2,105,984

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.