HKG:0386 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	2,698,198	2,726,460	3,015,321	3,146,873	3,257,356	2,679,500
Other Revenue	56,724	57,123	59,241	65,342	59,590	59,990
Revenue	2,754,922	2,783,583	3,074,562	3,212,215	3,316,946	2,739,490
Revenue Growth (YoY)	-8.78%	-9.46%	-4.29%	-3.16%	21.08%	30.23%
Cost of Revenue	2,130,866	2,185,999	2,449,614	2,569,412	2,684,756	2,076,665
Gross Profit	624,056	597,584	624,948	642,803	632,190	662,825
Selling, General & Admin	165,245	163,828	167,734	167,592	159,394	158,470
Other Operating Expenses	258,072	239,307	258,797	267,713	271,157	266,257
Operating Expenses	564,243	542,607	556,865	560,642	552,718	555,100
Operating Income	59,813	54,977	68,083	82,161	79,472	107,725
Interest Expense	-19,176	-19,247	-18,601	-18,069	-16,769	-15,018
Interest & Investment Income	5,586	5,802	6,604	7,657	20,326	6,030
Earnings From Equity Investments	10,369	10,463	8,961	6,199	14,479	23,253
Currency Exchange Gain (Loss)	161	-1,209	1,492	1,319	529	276
EBT Excluding Unusual Items	56,753	50,786	66,539	79,267	98,037	122,266
Gain (Loss) on Sale of Investments	-673	-673	-	-	-	-
Gain (Loss) on Sale of Assets	-384	-384	810	2,995	-722	-3,062
Asset Writedown	-7,381	-7,381	-2,275	-1,861	-2,915	-10,035
Other Unusual Items	1,396	1,396	4,068	3,533	-	-
Pretax Income	49,711	43,744	69,142	83,934	94,400	109,169
Income Tax Expense	8,780	7,934	12,966	16,070	17,901	23,318
Earnings From Continuing Operations	40,931	35,810	56,176	67,864	76,499	85,851
Minority Interest in Earnings	-4,691	-3,334	-7,237	-9,554	-9,566	-13,876
Net Income	36,240	32,476	48,939	58,310	66,933	71,975
Net Income to Common	36,240	32,476	48,939	58,310	66,933	71,975
Net Income Growth	-18.00%	-33.64%	-16.07%	-12.88%	-7.00%	115.22%
Shares Outstanding (Basic)	120,975	121,187	121,138	119,811	120,889	121,071
Shares Outstanding (Diluted)	120,975	121,187	121,138	119,811	120,889	121,071
Shares Change (YoY)	-0.45%	0.04%	1.11%	-0.89%	-0.15%	-
EPS (Basic)	0.30	0.27	0.40	0.49	0.55	0.59
EPS (Diluted)	0.30	0.27	0.40	0.49	0.55	0.59
EPS Growth	-17.63%	-33.67%	-16.99%	-12.10%	-6.79%	115.22%
Free Cash Flow	14,191	28,871	10,154	-10,018	-56,258	80,253
Free Cash Flow Per Share	0.12	0.24	0.08	-0.08	-0.47	0.66
Dividend Per Share	0.200	0.200	0.286	0.345	0.355	0.470
Dividend Growth	-30.07%	-30.07%	-17.10%	-2.82%	-24.47%	261.54%
Gross Margin	22.65%	21.47%	20.33%	20.01%	19.06%	24.20%
Operating Margin	2.17%	1.98%	2.21%	2.56%	2.40%	3.93%
Profit Margin	1.31%	1.17%	1.59%	1.81%	2.02%	2.63%
Free Cash Flow Margin	0.52%	1.04%	0.33%	-0.31%	-1.70%	2.93%
EBITDA	168,605	162,699	169,153	178,133	174,568	206,576
EBITDA Margin	6.12%	5.85%	5.50%	5.54%	5.26%	7.54%
D&A For EBITDA	108,792	107,722	101,070	95,972	95,096	98,851
EBIT	59,813	54,977	68,083	82,161	79,472	107,725
EBIT Margin	2.17%	1.98%	2.21%	2.56%	2.40%	3.93%
Effective Tax Rate	17.66%	18.14%	18.75%	19.15%	18.96%	21.36%
Revenue as Reported	2,754,922	2,783,583	3,074,562	3,212,215	3,318,168	2,740,884

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