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	539.09	567.09	572.72	549.2	491.74
Gross Profit	17.83	17.71	64.36	180.83	56.23
Selling, General & Admin	75.63	81.02	49.31	88.09	81.7
Other Operating Expenses	-9.64	-6.85	-6.83	-3.61	-4.66
Operating Expenses	65.99	74.17	42.47	84.48	77.03
Operating Income	-48.16	-56.46	21.88	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	-64.83	-64.03	15.11	102.39	-23.91
Gain (Loss) on Sale of Investments	-	-	-	-1.53	1.05
Gain (Loss) on Sale of Assets	-0.13	-2.62	-1.14	-4.35	-1.67
Asset Writedown	-	-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	-	-96.28	-141.52	-203.89	-183.53
Free Cash Flow Per Share	-	-0.18	-0.27	-0.39	-0.35
Dividend Per Share	-	-	-	0.077	-
Gross Margin	3.20%	3.03%	10.10%	24.77%	10.26%
Operating Margin	-8.65%	-9.65%	3.44%	13.20%	-3.80%
Profit Margin	-11.99%	-11.67%	-13.51%	11.15%	10.64%
Free Cash Flow Margin	-	-16.46%	-22.21%	-27.93%	-33.49%
EBITDA	-5.59	-13.9	61.56	125.74	6.08
EBITDA Margin	-1.00%	-2.38%	9.66%	17.22%	1.11%
D&A For EBITDA	42.56	42.56	39.68	29.39	26.88
EBIT	-48.16	-56.46	21.88	96.35	-20.8
EBIT Margin	-8.65%	-9.65%	3.44%	13.20%	-3.80%
Effective Tax Rate	-	-	-	7.17%	31.04%

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