HKG:0548 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	6,376	6,642	6,462	6,993	6,736	7,704
Other Revenue	2,623	2,623	2,783	2,302	2,637	3,186
Revenue	8,999	9,264	9,246	9,295	9,373	10,890
Revenue Growth	-4.34%	0.20%	-0.53%	-0.83%	-13.93%	35.67%
Cost of Revenue	6,405	6,552	6,489	6,082	6,453	7,116
Gross Profit	2,594	2,712	2,757	3,214	2,920	3,774
Selling, General & Admin	422.55	445.47	472.76	502.97	479.29	631.55
Research & Development	46.57	44.7	32.93	33.48	46.48	60.57
Other Operating Expenses	23.33	35.16	40.43	19.56	34.66	74.11
Operating Expenses	597.1	629.98	640.08	618.28	622.18	791.52
Operating Income	1,997	2,082	2,117	2,595	2,298	2,982
Interest Expense	-860.34	-860.34	-1,060	-1,230	-1,185	-1,140
Interest & Investment Income	876.06	834.86	1,100	1,576	1,664	1,147
Currency Exchange Gain (Loss)	53.26	53.26	-46.18	-72.78	-318.16	66.5
Other Non Operating Income (Expenses)	56.2	-48.21	-112.87	-46.76	-35.01	2.02
EBT Excluding Unusual Items	2,122	2,062	1,998	2,822	2,424	3,058
Impairment of Goodwill	-202.89	-202.89	-	-	-46.04	-110
Gain (Loss) on Sale of Investments	-261.27	-76.98	2.64	153.61	95.18	348.27
Gain (Loss) on Sale of Assets	3	3.03	8.83	13.65	7.3	17.39
Asset Writedown	-93.87	-131.61	-220.21	-0.94	-19.05	-14.75
Other Unusual Items	-6.3	-6.3	-30.65	-72.81	23.61	58.23
Pretax Income	1,561	1,647	1,758	2,916	2,485	3,357
Income Tax Expense	424.39	461.24	540.21	529.8	529.32	551.15
Earnings From Continuing Operations	1,136	1,186	1,218	2,386	1,955	2,806
Minority Interest in Earnings	-27.91	-36.29	-73.16	-58.63	61.29	-192.84
Net Income	1,108	1,149	1,145	2,327	2,016	2,613
Net Income to Common	1,108	1,149	1,145	2,327	2,016	2,613
Net Income Growth	-16.74%	0.38%	-50.80%	15.41%	-22.83%	27.19%
Shares Outstanding (Basic)	2,751	2,679	2,596	2,370	2,403	2,348
Shares Outstanding (Diluted)	2,751	2,679	2,596	2,370	2,403	2,348
Shares Change	5.27%	3.18%	9.56%	-1.40%	2.37%	6.96%
EPS (Basic)	0.40	0.43	0.44	0.98	0.84	1.11
EPS (Diluted)	0.40	0.43	0.44	0.98	0.84	1.11
EPS Growth	-20.91%	-2.72%	-55.09%	17.04%	-24.62%	18.91%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	2,603	1,344	1,658	1,999	1,278	-41.22
Free Cash Flow Per Share	0.95	0.50	0.64	0.84	0.53	-0.02
Dividend Per Share	0.244	0.244	0.244	0.550	0.462	0.620
Dividend Growth	0%	0%	-55.64%	19.05%	-25.48%	44.19%
Gross Margin	28.82%	29.27%	29.82%	34.57%	31.15%	34.66%
Operating Margin	22.19%	22.47%	22.89%	27.92%	24.52%	27.39%
Profit Margin	12.32%	12.41%	12.38%	25.04%	21.52%	24.00%
Free Cash Flow Margin	28.92%	14.51%	17.93%	21.51%	13.64%	-0.38%
EBITDA	4,310	4,517	4,386	4,897	4,505	5,216
EBITDA Margin	47.90%	48.75%	47.44%	52.68%	48.07%	47.90%
D&A For EBITDA	2,314	2,435	2,269	2,302	2,208	2,234
EBIT	1,997	2,082	2,117	2,595	2,298	2,982
EBIT Margin	22.19%	22.47%	22.89%	27.92%	24.52%	27.39%
Effective Tax Rate	27.19%	28.01%	30.72%	18.17%	21.30%	16.42%
Revenue as Reported	9,264	9,264	9,246	9,295	-	10,890
Advertising Expenses	-	1.13	1.59	2.58	4.27	8.6