HKG:0527 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	406.24	336.27	343.81	304.44	352.41
Revenue Growth (YoY)	20.81%	-2.19%	12.93%	-13.61%	1.73%
Selling, General & Admin	115.12	86.14	65.92	62.53	71.56
Provision for Bad Debts	-	28.68	24.87	27.5	234.17
Other Operating Expenses	242.96	199.23	194.68	218.93	217.87
Total Operating Expenses	358.08	314.05	285.47	308.96	523.6
Operating Income	48.16	22.23	58.35	-4.52	-171.19
Interest Expense	-153.73	-132.32	-142.76	-156.47	-146.66
Interest Income	9.37	7.53	9.24	9.69	13.58
Net Interest Expense	-144.36	-124.79	-133.52	-146.78	-133.09
Income (Loss) on Equity Investments	0.74	0	-0.55	-0.58	-0.3
Currency Exchange Gain (Loss)	-	0.05	0.07	0.63	0
Other Non-Operating Income (Expenses)	-52.2	-	-	-	-
EBT Excluding Unusual Items	-147.67	-102.51	-75.65	-151.25	-304.58
Gain (Loss) on Sale of Investments	8.22	-2.47	-0.26	-0.37	-0.43
Gain (Loss) on Sale of Assets	0.11	3.98	-0.1	3.65	-
Asset Writedown	-50.88	-	-	-20.58	-40.66
Other Unusual Items	5.39	0.05	4.8	12.5	3.06
Pretax Income	-184.84	-100.96	-71.2	-156.06	-342.6
Income Tax Expense	31.88	24.82	23.57	5.97	16.08
Earnings From Continuing Ops.	-216.72	-125.78	-94.77	-162.02	-358.68
Net Income to Company	-216.72	-125.78	-94.77	-162.02	-358.68
Minority Interest in Earnings	55.43	-6.74	-14.18	7.57	-9.88
Net Income	-161.29	-132.52	-108.96	-154.45	-368.56
Net Income to Common	-161.29	-132.52	-108.96	-154.45	-368.56
Shares Outstanding (Basic)	1,715	1,675	1,100	402	396
Shares Outstanding (Diluted)	1,715	1,675	1,100	406	396
Shares Change (YoY)	2.38%	52.25%	170.73%	2.65%	0.05%
EPS (Basic)	-0.09	-0.08	-0.10	-0.38	-0.93
EPS (Diluted)	-0.09	-0.08	-0.10	-0.39	-0.93
Free Cash Flow	-	-639.43	122.69	362.26	105.43
Free Cash Flow Per Share	-	-0.38	0.11	0.89	0.27
Profit Margin	-39.70%	-39.41%	-31.69%	-50.73%	-104.58%
Free Cash Flow Margin	-	-190.15%	35.69%	118.99%	29.92%
EBITDA	177.57	151.64	196.11	148.87	-15.24
EBITDA Margin	43.71%	45.09%	57.04%	48.90%	-4.32%
D&A For EBITDA	129.41	129.41	137.77	153.39	155.95
EBIT	48.16	22.23	58.35	-4.52	-171.19
EBIT Margin	11.86%	6.61%	16.97%	-1.48%	-48.58%

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