HKG:0548 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	6,642	6,462	6,993	6,736	7,704
Other Revenue	2,623	2,783	2,302	2,637	3,186
Revenue	9,264	9,246	9,295	9,373	10,890
Revenue Growth (YoY)	0.20%	-0.53%	-0.83%	-13.93%	35.67%
Cost of Revenue	6,552	6,489	6,082	6,453	7,116
Gross Profit	2,712	2,757	3,214	2,920	3,774
Selling, General & Admin	445.47	472.76	502.97	479.29	631.55
Research & Development	44.7	32.93	33.48	46.48	60.57
Other Operating Expenses	38.98	40.43	19.56	34.66	74.11
Operating Expenses	633.8	640.08	618.28	622.18	791.52
Operating Income	2,078	2,117	2,595	2,298	2,982
Interest Expense	-860.34	-1,060	-1,230	-1,185	-1,140
Interest & Investment Income	834.86	1,100	1,576	1,664	1,147
Currency Exchange Gain (Loss)	53.26	-46.18	-72.78	-318.16	66.5
Other Non Operating Income (Expenses)	-48.21	-112.87	-46.76	-35.01	2.02
EBT Excluding Unusual Items	2,058	1,998	2,822	2,424	3,058
Impairment of Goodwill	-202.89	-	-	-46.04	-110
Gain (Loss) on Sale of Investments	-76.98	2.64	153.61	95.18	348.27
Gain (Loss) on Sale of Assets	3.03	8.83	13.65	7.3	17.39
Asset Writedown	-131.28	-219.8	-	-19.05	-14.75
Other Unusual Items	-2.81	-31.06	-73.75	23.61	58.23
Pretax Income	1,647	1,758	2,916	2,485	3,357
Income Tax Expense	461.24	540.21	529.8	529.32	551.15
Earnings From Continuing Operations	1,186	1,218	2,386	1,955	2,806
Minority Interest in Earnings	-36.29	-73.16	-58.63	61.29	-192.84
Net Income	1,149	1,145	2,327	2,016	2,613
Net Income to Common	1,149	1,145	2,327	2,016	2,613
Net Income Growth	0.38%	-50.80%	15.41%	-22.83%	27.19%
Shares Outstanding (Basic)	2,679	2,596	2,370	2,403	2,348
Shares Outstanding (Diluted)	2,679	2,596	2,370	2,403	2,348
Shares Change (YoY)	3.18%	9.56%	-1.40%	2.37%	6.96%
EPS (Basic)	0.43	0.44	0.98	0.84	1.11
EPS (Diluted)	0.43	0.44	0.98	0.84	1.11
EPS Growth	-2.72%	-55.09%	17.04%	-24.62%	18.91%
Free Cash Flow	1,344	1,658	1,999	1,278	-41.22
Free Cash Flow Per Share	0.50	0.64	0.84	0.53	-0.02
Dividend Per Share	0.244	0.244	0.550	0.462	0.620
Dividend Growth	-	-55.64%	19.05%	-25.48%	44.19%
Gross Margin	29.27%	29.82%	34.57%	31.15%	34.66%
Operating Margin	22.43%	22.89%	27.92%	24.52%	27.39%
Profit Margin	12.41%	12.38%	25.04%	21.52%	24.00%
Free Cash Flow Margin	14.51%	17.93%	21.51%	13.64%	-0.38%
EBITDA	4,513	4,370	4,897	4,505	5,216
EBITDA Margin	48.71%	47.26%	52.68%	48.07%	47.90%
D&A For EBITDA	2,435	2,253	2,302	2,208	2,234
EBIT	2,078	2,117	2,595	2,298	2,982
EBIT Margin	22.43%	22.89%	27.92%	24.52%	27.39%
Effective Tax Rate	28.01%	30.72%	18.17%	21.30%	16.42%
Revenue as Reported	-	9,246	9,295	-	10,890
Advertising Expenses	1.13	1.59	2.58	4.27	8.6

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