SOHO China 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	1,372	1,540	1,679	1,775	1,742
Total Revenue	1,372	1,540	1,679	1,775	1,742
Revenue Growth (YoY	-10.92%	-8.23%	-5.44%	1.92%	-20.53%
Property Expenses	249.85	260.04	299.85	337.5	341.98
Selling, General & Administrative	137.62	128.06	169.39	231.11	234.99
Other Operating Expenses	243.48	245.4	205.9	1.55	420.4
Total Operating Expenses	630.95	633.5	675.15	570.15	997.37
Operating Income	741.27	906.94	1,003	1,205	744.37
Interest Expense	-652.83	-720.92	-777.54	-801.78	-913.55
Interest & Investment Income	2.29	4.49	9.85	3.2	55.73
Currency Exchange Gain (Loss)	0.1	0.31	1.79	-0.03	-0.43
Other Non-Operating Income	-0.52	-0.71	-0.65	-0.41	-0.7
EBT Excluding Unusual Items	90.31	190.11	236.85	405.92	-114.58
Gain (Loss) on Sale of Investments	-	6.08	0.62	79.49	90.37
Asset Writedown	-185.94	-133.88	-191.26	22.41	289
Pretax Income	-95.63	62.31	46.21	507.82	264.79
Income Tax Expense	191.51	180	226.28	443.32	388.74
Earnings From Continuing Operations	-287.14	-117.68	-180.07	64.51	-123.95
Minority Interest in Earnings	-3.64	4.24	0.17	-3.3	-7.15
Net Income	-290.78	-113.44	-179.9	61.21	-131.1
Net Income to Common	-290.78	-113.44	-179.9	61.21	-131.1
Basic Shares Outstanding	5,200	5,200	5,200	5,200	5,200
Diluted Shares Outstanding	5,200	5,200	5,200	5,200	5,200
Shares Change (YoY)	-	-	-	-	0.00%
EPS (Basic)	-0.06	-0.02	-0.03	0.01	-0.03
EPS (Diluted)	-0.06	-0.02	-0.03	0.01	-0.03
Operating Margin	54.02%	58.88%	59.78%	67.88%	42.74%
Profit Margin	-21.19%	-7.36%	-10.72%	3.45%	-7.53%
EBITDA	785.83	951.5	1,041	1,323	804.08
EBITDA Margin	57.27%	61.77%	62.02%	74.52%	46.16%
D&A For Ebitda	44.56	44.56	37.66	117.82	59.71
EBIT	741.27	906.94	1,003	1,205	744.37
EBIT Margin	54.02%	58.88%	59.78%	67.88%	42.74%
Effective Tax Rate	-	288.86%	489.71%	87.30%	146.81%

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