HKG:0520 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
Operating Revenue	3,789	4,755	5,918	4,725	6,147
Other Revenue	48.41	16.59	20.42	26.31	16.3
Revenue	3,837	4,771	5,938	4,751	6,164
Revenue Growth (YoY)	-19.58%	-19.65%	24.99%	-22.92%	12.58%
Cost of Revenue	3,046	3,798	4,695	3,815	4,709
Gross Profit	790.91	973.46	1,243	936.47	1,455
Selling, General & Admin	-	64.94	71.67	55.64	68.27
Other Operating Expenses	355.93	273.23	214.25	196.76	286.8
Operating Expenses	974.84	1,115	1,215	1,216	1,408
Operating Income	-183.93	-141.95	28.93	-279.48	46.89
Interest Expense	-51.28	-68.78	-69.91	-78.59	-92.56
Interest & Investment Income	-	11.15	8.87	9.97	10.86
Currency Exchange Gain (Loss)	-	-2.3	-3.81	4.79	-8.1
Other Non Operating Income (Expenses)	-48.95	-14.19	-14.54	-5.16	-133.03
EBT Excluding Unusual Items	-284.16	-216.07	-50.46	-348.46	-175.94
Gain (Loss) on Sale of Investments	-	27.31	44.23	14	5.97
Gain (Loss) on Sale of Assets	-	-31.85	-2.35	-1.52	-0.76
Asset Writedown	-	-204.6	-150.09	-53.3	-119.43
Other Unusual Items	-	36.07	34.28	38.34	76.51
Pretax Income	-284.16	-389.14	-124.38	-350.94	-213.65
Income Tax Expense	12.27	9.34	70.07	-19.75	69.48
Earnings From Continuing Operations	-296.43	-398.48	-194.45	-331.19	-283.13
Minority Interest in Earnings	-4.12	-2.2	-5.02	-21.86	-10.08
Net Income	-300.55	-400.68	-199.47	-353.05	-293.21
Net Income to Common	-300.55	-400.68	-199.47	-353.05	-293.21
Shares Outstanding (Basic)	1,052	1,041	1,041	1,056	1,075
Shares Outstanding (Diluted)	1,052	1,041	1,041	1,056	1,075
Shares Change (YoY)	1.11%	-0.01%	-1.47%	-1.72%	-0.24%
EPS (Basic)	-0.29	-0.38	-0.19	-0.33	-0.27
EPS (Diluted)	-0.29	-0.39	-0.19	-0.33	-0.27
Free Cash Flow	-	477.62	703.22	480.61	609.58
Free Cash Flow Per Share	-	0.46	0.68	0.46	0.57
Dividend Per Share	-	-	0.056	0.056	0.056
Gross Margin	20.61%	20.40%	20.94%	19.71%	23.60%
Operating Margin	-4.79%	-2.97%	0.49%	-5.88%	0.76%
Profit Margin	-7.83%	-8.40%	-3.36%	-7.43%	-4.76%
Free Cash Flow Margin	-	10.01%	11.84%	10.12%	9.89%
EBITDA	118.17	160.15	419.97	122.63	513.43
EBITDA Margin	3.08%	3.36%	7.07%	2.58%	8.33%
D&A For EBITDA	302.1	302.1	391.05	402.1	466.55
EBIT	-183.93	-141.95	28.93	-279.48	46.89
EBIT Margin	-4.79%	-2.97%	0.49%	-5.88%	0.76%

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