HKG:0405 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
Rental Revenue	1,856	2,032	2,087	1,873	1,797
Other Revenue	-27.04	-	-	-	-
Total Revenue	1,829	2,032	2,087	1,873	1,797
Revenue Growth (YoY	-9.98%	-2.65%	11.43%	4.24%	2.16%
Property Expenses	541.53	605.2	637.62	560.41	497.79
Selling, General & Administrative	30.22	22.88	19.2	30.65	25.18
Depreciation & Amortization	147.18	151.67	149.98	146.88	144.68
Other Operating Expenses	171.15	174.77	184.48	154.62	172.3
Total Operating Expenses	890.08	954.53	991.28	892.56	839.94
Operating Income	938.79	1,077	1,096	980.3	956.74
Interest Expense	-773.53	-926.35	-925.85	-577.37	-355.38
Interest & Investment Income	26.85	28.08	36.18	25.51	26.14
Currency Exchange Gain (Loss)	-66.53	-87.03	-120.26	-992.92	342.44
Other Non-Operating Income	-9.53	17.78	134.26	387.34	-110.44
EBT Excluding Unusual Items	116.06	109.5	219.92	-177.14	859.5
Impairment of Goodwill	-	-20.87	-	-	-
Gain (Loss) on Sale of Assets	-48	-	-	-	-
Asset Writedown	-640.11	-321.86	27.58	-95.81	78.67
Other Unusual Items	6.27	50.64	-	-	-
Pretax Income	-565.79	-182.59	247.5	-272.95	938.17
Income Tax Expense	128.49	154	251.45	237.99	263.61
Net Income	-694.28	-336.59	-3.96	-510.94	674.56
Preferred Dividends & Other Adjustments	-35.77	-16.01	-8.58	18.1	29.56
Net Income to Common	-658.5	-320.58	4.63	-529.04	645
Net Income Growth	-	-	-	-	14.89%
Basic Shares Outstanding	5,152	5,003	4,842	4,597	3,321
Diluted Shares Outstanding	5,152	5,003	5,224	4,597	3,746
Shares Change (YoY)	3.00%	-4.24%	13.65%	22.72%	2.97%
EPS (Basic)	-0.13	-0.06	0.00	-0.12	0.19
EPS (Diluted)	-0.13	-0.06	0.00	-0.12	0.17
EPS Growth	-	-	-	-	6.25%
Dividend Per Share	0.052	0.063	0.084	0.113	0.201
Dividend Growth	-16.48%	-25.95%	-25.51%	-43.63%	1.26%
Operating Margin	51.33%	53.01%	52.50%	52.34%	53.25%
Profit Margin	-36.01%	-15.78%	0.22%	-28.25%	35.90%
EBITDA	1,037	1,167	1,186	1,068	1,042
EBITDA Margin	56.68%	57.47%	56.84%	57.02%	58.00%
D&A For Ebitda	97.89	90.49	90.59	87.51	85.42
EBIT	938.79	1,077	1,096	980.3	956.74
EBIT Margin	51.33%	53.01%	52.50%	52.34%	53.25%
Effective Tax Rate	-	-	101.60%	-	28.10%

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