HKG:0954 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	556.93	584.79	637.08	730.03	547.98
Revenue Growth (YoY)	-4.77%	-8.21%	-12.73%	33.22%	23.39%
Cost of Revenue	528.36	567.09	572.72	549.2	491.74
Gross Profit	28.57	17.71	64.36	180.83	56.23
Selling, General & Admin	75.63	81.02	49.31	88.09	81.7
Other Operating Expenses	-9.63	-6.64	-6.56	-3.61	-4.66
Operating Expenses	66.01	74.38	42.75	84.48	77.03
Operating Income	-37.44	-56.68	21.61	96.35	-20.8
Interest Expense	-17.23	-11.36	-7.58	-2.67	-1.95
Interest & Investment Income	0.63	0.85	1.05	0.94	0.54
Currency Exchange Gain (Loss)	-0.08	2.94	-0.25	7.77	-1.69
EBT Excluding Unusual Items	-54.11	-64.25	14.84	102.39	-23.91
Gain (Loss) on Sale of Investments	0.02	0.22	0.27	-1.53	1.05
Gain (Loss) on Sale of Assets	-0.13	-2.62	-1.14	-4.35	-1.67
Asset Writedown	-10.74	-0.93	-72.55	-8.88	-17.55
Other Unusual Items	-	-	-	-	126.49
Pretax Income	-64.96	-67.58	-58.58	87.64	84.41
Income Tax Expense	2.21	0.67	27.94	6.29	26.2
Earnings From Continuing Operations	-67.17	-68.25	-86.52	81.36	58.21
Minority Interest in Earnings	0.41	0.01	0.46	0.07	0.11
Net Income	-66.76	-68.24	-86.06	81.42	58.32
Net Income to Common	-66.76	-68.24	-86.06	81.42	58.32
Net Income Growth	-	-	-	39.62%	246.57%
Shares Outstanding (Basic)	530	530	530	530	530
Shares Outstanding (Diluted)	530	530	530	530	530
EPS (Basic)	-0.13	-0.13	-0.16	0.15	0.11
EPS (Diluted)	-0.13	-0.13	-0.16	0.15	0.11
EPS Growth	-	-	-	39.62%	246.57%
Free Cash Flow	10.69	-96.28	-141.52	-203.89	-183.53
Free Cash Flow Per Share	0.02	-0.18	-0.27	-0.39	-0.35
Dividend Per Share	-	-	-	0.077	-
Gross Margin	5.13%	3.03%	10.10%	24.77%	10.26%
Operating Margin	-6.72%	-9.69%	3.39%	13.20%	-3.80%
Profit Margin	-11.99%	-11.67%	-13.51%	11.15%	10.64%
Free Cash Flow Margin	1.92%	-16.46%	-22.21%	-27.93%	-33.49%
EBITDA	13.76	-14.11	61.29	125.74	6.08
EBITDA Margin	2.47%	-2.41%	9.62%	17.22%	1.11%
D&A For EBITDA	51.2	42.56	39.68	29.39	26.88
EBIT	-37.44	-56.68	21.61	96.35	-20.8
EBIT Margin	-6.72%	-9.69%	3.39%	13.20%	-3.80%
Effective Tax Rate	-	-	-	7.17%	31.04%

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