China New City Group Limited (HKG:1321)

China New City Group Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	739.7	4,104	1,297	591.78	871.07
Revenue Growth (YoY)	-81.97%	216.35%	119.21%	-32.06%	24.37%
Cost of Revenue	648.63	2,045	929.14	474.41	654.57
Gross Profit	91.07	2,059	368.1	117.37	216.5
Selling, General & Admin	229.87	267.99	342.59	372.75	432.17
Operating Expenses	229.87	267.99	342.59	372.75	432.17
Operating Income	-138.8	1,791	25.51	-255.38	-215.68
Interest Expense	-210.61	-118.18	-101.98	-139.91	-223.09
Interest & Investment Income	39.54	17.29	3.88	34.54	167.82
Earnings From Equity Investments	11.05	-7.26	-0.66	-1.01	-0.81
Currency Exchange Gain (Loss)	1.75	-1.36	-6.84	0.24	-0.56
Other Non Operating Income (Expenses)	4.75	-13.47	-24.99	14.22	73.24
EBT Excluding Unusual Items	-292.32	1,668	-105.09	-347.3	-199.07
Impairment of Goodwill	-	-	-	-	-99
Gain (Loss) on Sale of Investments	48.94	-5.63	-	-	-
Gain (Loss) on Sale of Assets	-2.08	24.52	-16.89	32.61	92.79
Asset Writedown	-123.77	-556.75	-354.69	-162.82	-71.75
Pretax Income	-369.23	1,130	-476.67	-477.51	-277.02
Income Tax Expense	-78.25	644.61	-51.53	-15.87	25.79
Earnings From Continuing Operations	-290.99	485.77	-425.13	-461.64	-302.82
Minority Interest in Earnings	14.8	18.14	21	29.12	7.68
Net Income	-276.19	503.91	-404.14	-432.52	-295.14
Net Income to Common	-276.19	503.91	-404.14	-432.52	-295.14
Shares Outstanding (Basic)	1,927	2,011	2,011	2,011	2,011
Shares Outstanding (Diluted)	1,927	2,011	2,011	2,011	2,011
Shares Change (YoY)	-4.15%	-	-	-	-0.02%
EPS (Basic)	-0.14	0.25	-0.20	-0.22	-0.15
EPS (Diluted)	-0.14	0.25	-0.20	-0.22	-0.15
Free Cash Flow	-	1,048	613.04	-333.21	694.08
Free Cash Flow Per Share	-	0.52	0.30	-0.17	0.34
Gross Margin	12.31%	50.18%	28.38%	19.83%	24.85%
Operating Margin	-18.77%	43.65%	1.97%	-43.15%	-24.76%
Profit Margin	-37.34%	12.28%	-31.15%	-73.09%	-33.88%
Free Cash Flow Margin	-	25.53%	47.26%	-56.31%	79.68%
EBITDA	-34.51	1,896	149.12	-138.56	-103.22
EBITDA Margin	-4.67%	46.19%	11.50%	-23.41%	-11.85%
D&A For EBITDA	104.3	104.3	123.61	116.82	112.45
EBIT	-138.8	1,791	25.51	-255.38	-215.68
EBIT Margin	-18.77%	43.65%	1.97%	-43.15%	-24.76%
Effective Tax Rate	-	57.03%	-	-	-

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