HKG:0980 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	17,753	19,710	21,836	24,681	24,760
Revenue Growth (YoY)	-9.93%	-9.74%	-11.53%	-0.32%	-5.97%
Cost of Revenue	15,666	17,338	19,055	21,299	21,698
Gross Profit	2,088	2,372	2,781	3,382	3,062
Selling, General & Admin	3,981	4,707	5,069	5,504	5,716
Other Operating Expenses	-1,243	-1,702	-1,904	-2,059	-2,255
Operating Expenses	2,738	3,007	3,165	3,448	3,460
Operating Income	-650.42	-635.22	-383.99	-65.32	-397.99
Interest Expense	-170.52	-203.57	-232.64	-276.87	-285
Interest & Investment Income	164.8	231.51	277.96	262.59	273.38
Earnings From Equity Investments	6.02	6.23	-361.4	-111.53	42.8
Other Non Operating Income (Expenses)	113.81	164.88	154.39	179.96	160.35
EBT Excluding Unusual Items	-536.31	-436.18	-545.68	-11.16	-206.46
Merger & Restructuring Charges	-	-27.58	-74.84	-28.68	-
Gain (Loss) on Sale of Investments	60.68	84.09	35.86	-2.47	9.68
Gain (Loss) on Sale of Assets	187.13	-12.14	-19.7	-8.7	20.79
Asset Writedown	14.34	37.37	-14.38	-1.92	-96.27
Other Unusual Items	99.02	103.36	29.36	29.36	-1.91
Pretax Income	-175.15	-251.07	-589.39	-23.57	-274.16
Income Tax Expense	10.51	56.84	124.84	101.5	97.2
Earnings From Continuing Operations	-185.66	-307.91	-714.23	-125.08	-371.36
Minority Interest in Earnings	-14.59	-50.86	-77.09	-81.45	-51.42
Net Income	-200.26	-358.77	-791.32	-206.53	-422.78
Net Income to Common	-200.26	-358.77	-791.32	-206.53	-422.78
Shares Outstanding (Basic)	1,425	1,120	1,120	1,120	1,120
Shares Outstanding (Diluted)	1,425	1,120	1,120	1,120	1,120
Shares Change (YoY)	27.31%	-	-	-	-
EPS (Basic)	-0.14	-0.32	-0.71	-0.18	-0.38
EPS (Diluted)	-0.14	-0.32	-0.71	-0.18	-0.38
Free Cash Flow	-	1,134	654.05	1,503	574.97
Free Cash Flow Per Share	-	1.01	0.58	1.34	0.51
Gross Margin	11.76%	12.03%	12.74%	13.70%	12.37%
Operating Margin	-3.66%	-3.22%	-1.76%	-0.27%	-1.61%
Profit Margin	-1.13%	-1.82%	-3.62%	-0.84%	-1.71%
Free Cash Flow Margin	-	5.75%	3.00%	6.09%	2.32%
EBITDA	-321.41	-306.21	-52.95	277.73	-68.48
EBITDA Margin	-1.81%	-1.55%	-0.24%	1.13%	-0.28%
D&A For EBITDA	329.01	329.01	331.04	343.05	329.51
EBIT	-650.42	-635.22	-383.99	-65.32	-397.99
EBIT Margin	-3.66%	-3.22%	-1.76%	-0.27%	-1.61%

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