HKG:0587 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	1,640	1,687	1,882	1,730	1,698
Revenue Growth (YoY)	-2.77%	-10.34%	8.79%	1.85%	48.44%
Cost of Revenue	1,168	1,058	987.99	819.46	683.12
Gross Profit	472.65	629.27	893.57	910.14	1,015
Selling, General & Admin	570.84	509.07	458.2	472.01	358.93
Other Operating Expenses	-9.09	-37.23	-22.84	-54.56	-59.34
Operating Expenses	611.28	491.47	450.61	420.87	299.58
Operating Income	-138.63	137.81	442.96	489.27	715.45
Interest Expense	-107.6	-117.26	-101.5	-92.03	-52.08
Interest & Investment Income	3.63	5.69	10.14	9.29	9.01
Earnings From Equity Investments	-5.16	-5.52	0.69	5	9.81
EBT Excluding Unusual Items	-247.75	20.72	352.28	411.53	682.2
Gain (Loss) on Sale of Investments	-	-	-	-	0.86
Gain (Loss) on Sale of Assets	0.08	-0.32	-0.02	-1	13.73
Asset Writedown	-92.9	-10.37	-	-	-
Other Unusual Items	-	-	-	-	0.93
Pretax Income	-340.58	10.03	352.27	410.53	697.71
Income Tax Expense	6.07	15.4	48.25	50.07	51.14
Earnings From Continuing Operations	-346.65	-5.37	304.01	360.46	646.58
Minority Interest in Earnings	118.22	11.64	-39.88	-31.81	-67.97
Net Income	-228.43	6.28	264.13	328.66	578.61
Net Income to Common	-228.43	6.28	264.13	328.66	578.61
Net Income Growth	-	-97.62%	-19.63%	-43.20%	23.37%
Shares Outstanding (Basic)	1,827	1,827	1,827	1,827	1,827
Shares Outstanding (Diluted)	1,827	1,827	1,827	1,827	1,930
Shares Change (YoY)	-	-	-	-5.37%	-
EPS (Basic)	-0.13	0.00	0.14	0.18	0.32
EPS (Diluted)	-0.13	0.00	0.14	0.18	0.30
EPS Growth	-	-97.62%	-19.63%	-40.03%	25.00%
Free Cash Flow	-	-126.04	-137.67	-897.62	-1,035
Free Cash Flow Per Share	-	-0.07	-0.07	-0.49	-0.54
Dividend Per Share	-	-	0.027	-	-
Gross Margin	28.82%	37.30%	47.49%	52.62%	59.77%
Operating Margin	-8.45%	8.17%	23.54%	28.29%	42.13%
Profit Margin	-13.93%	0.37%	14.04%	19.00%	34.07%
Free Cash Flow Margin	-	-7.47%	-7.32%	-51.90%	-60.98%
EBITDA	168.11	444.54	692.13	706.78	871.28
EBITDA Margin	10.25%	26.35%	36.79%	40.86%	51.31%
D&A For EBITDA	306.74	306.74	249.17	217.51	155.83
EBIT	-138.63	137.81	442.96	489.27	715.45
EBIT Margin	-8.45%	8.17%	23.54%	28.29%	42.13%
Effective Tax Rate	-	153.53%	13.70%	12.20%	7.33%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.