GDH Guangnan (Holdings) Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. 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	12,140	11,979	10,386	8,312	4,856
Revenue Growth (YoY)	1.35%	15.34%	24.95%	71.18%	91.31%
Cost of Revenue	11,597	11,470	9,817	7,753	4,392
Gross Profit	543.06	509.01	568.99	558.38	463.45
Selling, General & Admin	228.88	272.65	244.85	230.48	236.13
Other Operating Expenses	71.83	49.01	60.99	76.34	87.93
Operating Expenses	365.45	321.66	305.85	306.82	324.06
Operating Income	177.61	187.35	263.15	251.56	139.4
Interest Expense	-27.06	-30.7	-26.32	-19.2	-0.7
Interest & Investment Income	6.22	7.63	13.64	14.49	12.2
Earnings From Equity Investments	2.14	24.81	-127.1	-56.44	-72.31
Currency Exchange Gain (Loss)	6.48	10.88	2.54	11.22	3.71
EBT Excluding Unusual Items	165.39	199.97	125.9	201.63	82.3
Impairment of Goodwill	-1.36	-	-	-	-
Gain (Loss) on Sale of Investments	-	30.11	23.76	-	-
Gain (Loss) on Sale of Assets	-1.31	1.48	-0.14	3.13	-0.01
Asset Writedown	0.01	-14.69	-4.44	-1.68	-1.1
Pretax Income	162.73	216.88	145.09	203.08	81.2
Income Tax Expense	48.82	45.85	52.31	50.04	9.67
Earnings From Continuing Operations	113.91	171.02	92.78	153.04	71.53
Minority Interest in Earnings	-2.3	-30.27	-26.85	-17.36	-17.47
Net Income	111.62	140.75	65.92	135.67	54.06
Net Income to Common	111.62	140.75	65.92	135.67	54.06
Net Income Growth	-20.70%	113.51%	-51.41%	150.96%	-22.66%
Shares Outstanding (Basic)	908	908	908	908	908
Shares Outstanding (Diluted)	908	908	908	908	908
EPS (Basic)	0.12	0.16	0.07	0.15	0.06
EPS (Diluted)	0.12	0.16	0.07	0.15	0.06
EPS Growth	-20.70%	113.61%	-51.28%	150.14%	-22.64%
Free Cash Flow	-	-9.17	-1.07	-98.15	-61.28
Free Cash Flow Per Share	-	-0.01	-0.00	-0.11	-0.07
Dividend Per Share	0.037	0.035	0.030	0.030	0.025
Dividend Growth	5.71%	16.67%	-	20.00%	-
Gross Margin	4.47%	4.25%	5.48%	6.72%	9.54%
Operating Margin	1.46%	1.56%	2.53%	3.03%	2.87%
Profit Margin	0.92%	1.18%	0.64%	1.63%	1.11%
Free Cash Flow Margin	-	-0.08%	-0.01%	-1.18%	-1.26%
EBITDA	280.57	290.32	356.65	324.11	197.42
EBITDA Margin	2.31%	2.42%	3.43%	3.90%	4.07%
D&A For EBITDA	102.97	102.97	93.51	72.55	58.03
EBIT	177.61	187.35	263.15	251.56	139.4
EBIT Margin	1.46%	1.56%	2.53%	3.03%	2.87%
Effective Tax Rate	30.00%	21.14%	36.05%	24.64%	11.91%

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