HKG:1027 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	276.52	353.26	294.47	353.95	306.05
Revenue Growth (YoY)	-21.72%	19.97%	-16.80%	15.65%	-11.13%
Cost of Revenue	256.07	322.58	273.08	318.58	279.15
Gross Profit	20.46	30.68	21.39	35.37	26.9
Selling, General & Admin	53.33	52.56	47.01	65.83	110.97
Operating Expenses	21.21	16.59	121.47	75.08	114.51
Operating Income	-0.75	14.09	-100.07	-39.71	-87.61
Interest Expense	-3.61	-4.1	-3.05	-3.95	-3.86
Interest & Investment Income	-	1.13	2.36	5.21	0.77
Currency Exchange Gain (Loss)	-	3.69	1.54	10.87	-2.27
Other Non Operating Income (Expenses)	6.04	0.51	7.57	2.75	2.75
EBT Excluding Unusual Items	1.67	15.31	-91.65	-24.83	-90.23
Impairment of Goodwill	-	-	-	-	-5.67
Gain (Loss) on Sale of Investments	-	-2.06	-0.38	-4.86	1.2
Gain (Loss) on Sale of Assets	-	-	-	5.06	-
Asset Writedown	-10.11	-	-	-	-8.5
Other Unusual Items	-	0.11	-0.67	-	-21.98
Pretax Income	-8.44	13.36	-92.71	-24.64	-125.18
Income Tax Expense	1.68	2.48	0.05	4.79	2.55
Net Income	-10.12	10.88	-92.75	-29.43	-127.73
Net Income to Common	-10.12	10.88	-92.75	-29.43	-127.73
Shares Outstanding (Basic)	413	413	413	367	299
Shares Outstanding (Diluted)	413	413	413	367	299
Shares Change (YoY)	0.08%	-	12.35%	22.92%	54.84%
EPS (Basic)	-0.02	0.03	-0.22	-0.08	-0.43
EPS (Diluted)	-0.02	0.03	-0.22	-0.08	-0.43
Free Cash Flow	-	-11.63	-10.75	-48.21	-64.74
Free Cash Flow Per Share	-	-0.03	-0.03	-0.13	-0.22
Gross Margin	7.40%	8.69%	7.27%	9.99%	8.79%
Operating Margin	-0.27%	3.99%	-33.98%	-11.22%	-28.63%
Profit Margin	-3.66%	3.08%	-31.50%	-8.32%	-41.73%
Free Cash Flow Margin	-	-3.29%	-3.65%	-13.62%	-21.15%
EBITDA	3.97	18.81	-95.53	-35.1	-82
EBITDA Margin	1.43%	5.32%	-32.44%	-9.92%	-26.79%
D&A For EBITDA	4.72	4.72	4.54	4.61	5.61
EBIT	-0.75	14.09	-100.07	-39.71	-87.61
EBIT Margin	-0.27%	3.99%	-33.98%	-11.22%	-28.63%
Effective Tax Rate	-	18.55%	-	-	-

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