HKG:1146 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	139.44	156.08	207.66	206.52	323.51
Revenue Growth (YoY)	-10.66%	-24.84%	0.55%	-36.16%	-55.55%
Cost of Revenue	71.22	74.97	106.35	125.16	128.9
Gross Profit	68.22	81.12	101.31	81.36	194.61
Selling, General & Admin	186.06	194.98	214.33	242.23	328.25
Other Operating Expenses	-13.32	-18.57	-8.66	-0.29	-14.01
Operating Expenses	172.74	179.33	205.46	242.38	310.06
Operating Income	-104.52	-98.22	-104.14	-161.02	-115.45
Interest Expense	-0.32	-0.53	-0.62	-0.89	-2.04
Interest & Investment Income	-	12.36	11.39	5.91	14.74
Earnings From Equity Investments	-1.5	-1.68	-0.45	-0.08	-0.93
Currency Exchange Gain (Loss)	-	-	-	-	0.95
Other Non Operating Income (Expenses)	10.61	-8.44	-6.9	-4.18	-5.93
EBT Excluding Unusual Items	-95.74	-96.52	-100.72	-160.26	-108.65
Gain (Loss) on Sale of Investments	-	0.27	0.21	0.18	0.65
Gain (Loss) on Sale of Assets	-	-	-	-	0.37
Asset Writedown	-	-15.57	-13.3	-43.16	-8.68
Pretax Income	-95.74	-111.82	-113.82	-203.25	-116.32
Income Tax Expense	-0.05	-0.06	30.29	50.41	35.55
Earnings From Continuing Operations	-95.69	-111.76	-144.11	-253.66	-151.86
Minority Interest in Earnings	2.25	2.34	1.59	1.48	0.05
Net Income	-93.44	-109.41	-142.52	-252.18	-151.82
Net Income to Common	-93.44	-109.41	-142.52	-252.18	-151.82
Shares Outstanding (Basic)	3,448	3,337	3,283	3,283	3,283
Shares Outstanding (Diluted)	3,448	3,337	3,283	3,283	3,283
Shares Change (YoY)	3.33%	1.65%	-	-	-1.01%
EPS (Basic)	-0.03	-0.03	-0.04	-0.08	-0.05
EPS (Diluted)	-0.03	-0.03	-0.04	-0.08	-0.05
Free Cash Flow	-27.2	-26.15	-11.62	-47.38	-104.45
Free Cash Flow Per Share	-0.01	-0.01	-0.00	-0.01	-0.03
Gross Margin	48.92%	51.97%	48.79%	39.40%	60.16%
Operating Margin	-74.96%	-62.93%	-50.15%	-77.97%	-35.69%
Profit Margin	-67.01%	-70.10%	-68.63%	-122.11%	-46.93%
Free Cash Flow Margin	-19.51%	-16.75%	-5.59%	-22.94%	-32.29%
EBITDA	-83.57	-77.27	-82.45	-139.87	-94.58
EBITDA Margin	-59.93%	-49.50%	-39.70%	-67.73%	-29.23%
D&A For EBITDA	20.95	20.95	21.69	21.15	20.87
EBIT	-104.52	-98.22	-104.14	-161.02	-115.45
EBIT Margin	-74.96%	-62.93%	-50.15%	-77.97%	-35.69%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.