HKG:1351 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	991.89	1,039	892.43	443.49	488.03
Revenue Growth (YoY)	-4.55%	16.45%	101.23%	-9.13%	27.50%
Cost of Revenue	957.33	977.92	811.89	410.07	390.57
Gross Profit	34.56	61.3	80.55	33.43	97.46
Selling, General & Admin	61.26	61.54	59.61	52.76	95.79
Other Operating Expenses	-0.4	-0.66	-4.49	-5.5	-16.88
Operating Expenses	85.31	63.01	56.43	46.26	79.61
Operating Income	-50.75	-1.71	24.11	-12.84	17.86
Interest Expense	-4.77	-3.69	-2.67	-3.13	-5.55
Interest & Investment Income	0.02	0.04	0.18	0.62	0.27
Other Non Operating Income (Expenses)	-	0.17	-0.08	-1.22	-0.18
EBT Excluding Unusual Items	-55.5	-5.19	21.55	-16.56	12.4
Gain (Loss) on Sale of Investments	-	-	-	0.72	0.13
Gain (Loss) on Sale of Assets	-0.25	-0.04	-	0.17	-
Pretax Income	-55.76	-5.23	21.55	-15.67	12.53
Income Tax Expense	-0.98	1.27	6.74	6.76	29.78
Net Income	-54.78	-6.49	14.81	-22.43	-17.26
Net Income to Common	-54.78	-6.49	14.81	-22.43	-17.26
Shares Outstanding (Basic)	578	571	481	478	492
Shares Outstanding (Diluted)	578	571	482	478	492
Shares Change (YoY)	1.34%	18.43%	0.78%	-2.86%	25.47%
EPS (Basic)	-0.09	-0.01	0.03	-0.05	-0.04
EPS (Diluted)	-0.09	-0.01	0.03	-0.05	-0.04
Free Cash Flow	-	-24.83	-64.64	70.68	59.69
Free Cash Flow Per Share	-	-0.04	-0.13	0.15	0.12
Dividend Per Share	-	-	-	0.123	0.160
Dividend Growth	-	-	-	-23.13%	-
Gross Margin	3.48%	5.90%	9.03%	7.54%	19.97%
Operating Margin	-5.12%	-0.17%	2.70%	-2.90%	3.66%
Profit Margin	-5.52%	-0.63%	1.66%	-5.06%	-3.54%
Free Cash Flow Margin	-	-2.39%	-7.24%	15.94%	12.23%
EBITDA	-50	-0.96	24.68	-11.5	18.87
EBITDA Margin	-5.04%	-0.09%	2.77%	-2.59%	3.87%
D&A For EBITDA	0.75	0.75	0.57	1.34	1.01
EBIT	-50.75	-1.71	24.11	-12.84	17.86
EBIT Margin	-5.12%	-0.16%	2.70%	-2.89%	3.66%
Effective Tax Rate	-	-	31.27%	-	237.75%
Advertising Expenses	-	960.74	799.34	382.29	-

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