HKG:0631 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	24,334	21,910	20,278	15,537	10,195
Revenue Growth (YoY)	11.06%	8.05%	30.52%	52.40%	38.44%
Cost of Revenue	18,910	16,996	14,831	11,908	7,805
Gross Profit	5,424	4,913	5,447	3,628	2,390
Selling, General & Admin	3,532	3,449	3,476	2,110	1,620
Other Operating Expenses	38.51	6.9	5.52	3.59	-
Operating Expenses	3,794	3,586	3,704	2,201	1,618
Operating Income	1,630	1,327	1,743	1,427	772.13
Interest Expense	-252.87	-240.61	-163.96	-130.53	-120.66
Interest & Investment Income	292.54	203.79	193.26	59.15	50.65
Earnings From Equity Investments	-5.04	1.8	-	-	-
Currency Exchange Gain (Loss)	-34	-9.96	-17.36	2.62	5.23
Other Non Operating Income (Expenses)	504.04	506.65	438.05	443.79	380.86
EBT Excluding Unusual Items	2,135	1,789	2,193	1,802	1,088
Impairment of Goodwill	-72.11	-470.36	-	-	-
Gain (Loss) on Sale of Investments	142.5	94.43	86.91	136.35	178.14
Gain (Loss) on Sale of Assets	-3.61	15.96	-15.43	3.74	171.71
Asset Writedown	-23.08	-7.75	-4.15	-21.39	-
Pretax Income	2,179	1,421	2,260	1,921	1,438
Income Tax Expense	430.51	353.41	421.7	251.86	128.89
Earnings From Continuing Operations	1,748	1,068	1,839	1,669	1,309
Minority Interest in Earnings	30.79	33.62	90.24	-4.16	-50.09
Net Income	1,779	1,102	1,929	1,665	1,259
Net Income to Common	1,779	1,102	1,929	1,665	1,259
Net Income Growth	61.47%	-42.89%	15.86%	32.23%	20.47%
Shares Outstanding (Basic)	3,225	3,199	3,182	3,142	3,141
Shares Outstanding (Diluted)	3,734	3,691	3,698	3,650	3,637
Shares Change (YoY)	1.16%	-0.18%	1.31%	0.36%	0.53%
EPS (Basic)	0.55	0.34	0.61	0.53	0.40
EPS (Diluted)	0.48	0.30	0.52	0.46	0.35
EPS Growth	60.00%	-42.31%	13.04%	32.87%	19.83%
Free Cash Flow	-	1,397	204.11	-44.8	-16.43
Free Cash Flow Per Share	-	0.38	0.06	-0.01	-0.01
Dividend Per Share	0.315	0.273	0.172	0.168	0.122
Dividend Growth	15.42%	58.01%	2.62%	37.53%	-3.25%
Gross Margin	22.29%	22.43%	26.86%	23.35%	23.44%
Operating Margin	6.70%	6.06%	8.60%	9.19%	7.57%
Profit Margin	7.31%	5.03%	9.51%	10.72%	12.35%
Free Cash Flow Margin	-	6.38%	1.01%	-0.29%	-0.16%
EBITDA	2,337	2,034	2,214	1,690	994.9
EBITDA Margin	9.60%	9.29%	10.92%	10.88%	9.76%
D&A For EBITDA	706.86	706.86	471.22	263.29	222.77
EBIT	1,630	1,327	1,743	1,427	772.13
EBIT Margin	6.70%	6.06%	8.60%	9.19%	7.57%
Effective Tax Rate	19.76%	24.86%	18.66%	13.11%	8.96%

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