HKG:0392 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	87,228	84,064	82,313	79,375	65,599
Revenue Growth (YoY)	3.76%	2.13%	3.70%	21.00%	13.88%
Selling, General & Admin	8,455	8,029	8,281	7,573	6,989
Other Operating Expenses	76,357	73,153	72,080	68,949	55,730
Total Operating Expenses	84,812	81,182	80,361	76,523	62,719
Operating Income	2,416	2,882	1,953	2,852	2,880
Interest Expense	-2,266	-2,496	-2,642	-1,781	-1,461
Interest Income	730.48	1,166	952.45	905.54	786.92
Net Interest Expense	-1,535	-1,329	-1,689	-875.21	-674.5
Income (Loss) on Equity Investments	4,466	4,816	5,307	5,078	5,134
Other Non-Operating Income (Expenses)	2,278	1,256	1,113	1,022	907.43
EBT Excluding Unusual Items	7,625	7,624	6,683	8,077	8,247
Impairment of Goodwill	-	-	-21.87	-92.86	-
Gain (Loss) on Sale of Investments	-	-	-	175.44	1,326
Gain (Loss) on Sale of Assets	139.36	1.2	19.85	27.98	4.04
Asset Writedown	-	-78.95	586.01	-140.65	-99.29
Pretax Income	7,764	7,546	7,267	8,047	9,478
Income Tax Expense	1,111	1,231	865.89	940.15	908.41
Earnings From Continuing Ops.	6,653	6,315	6,401	7,107	8,569
Minority Interest in Earnings	-1,597	-1,192	-903	-594.58	-488.8
Net Income	5,056	5,123	5,498	6,512	8,080
Net Income to Common	5,056	5,123	5,498	6,512	8,080
Net Income Growth	-1.31%	-6.82%	-15.57%	-19.40%	81.51%
Shares Outstanding (Basic)	1,258	1,259	1,260	1,262	1,262
Shares Outstanding (Diluted)	1,258	1,259	1,260	1,262	1,262
Shares Change (YoY)	-0.06%	-0.11%	-0.11%	-0.04%	-
EPS (Basic)	4.02	4.07	4.36	5.16	6.40
EPS (Diluted)	4.02	4.07	4.36	5.16	6.40
EPS Growth	-1.25%	-6.72%	-15.48%	-19.37%	81.51%
Free Cash Flow	-	-2,524	-3,037	-5,317	-1,455
Free Cash Flow Per Share	-	-2.00	-2.41	-4.21	-1.15
Dividend Per Share	1.456	1.522	1.452	1.415	1.018
Dividend Growth	-4.37%	4.82%	2.62%	38.98%	6.08%
Profit Margin	5.80%	6.09%	6.68%	8.21%	12.32%
Free Cash Flow Margin	-	-3.00%	-3.69%	-6.70%	-2.22%
EBITDA	6,180	6,647	5,684	6,502	6,830
EBITDA Margin	7.08%	7.91%	6.91%	8.19%	10.41%
D&A For EBITDA	3,765	3,765	3,731	3,650	3,950
EBIT	2,416	2,882	1,953	2,852	2,880
EBIT Margin	2.77%	3.43%	2.37%	3.59%	4.39%
Effective Tax Rate	14.31%	16.31%	11.92%	11.68%	9.59%

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